Slow economy bruises profits of Indiana’s largest public companies
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
Real Estate
Articles
Recession hammered revenue of Indiana’s largest public companies
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
Duke Realty buying out joint venture partner for $298M
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast,
the Indianapolis-based company announced Wednesday.
Indianapolis retail roundup
Catch up on news about a new retailer, new locations for existing retailers and a couple of restaurant moves in the latest
installment of Around Town Retail Roundup.
Home construction sinks, building permits down
May saw a 17-percent decline in the single-family home market, which had benefited earlier in the year from federal tax credits.
It was the largest monthly drop in single-family construction since January 1991.
Walgreens gets final OK to sell booze at 14 local stores
The stores are expected to start selling alcohol within a month following unanimous approval of the Indiana Alcohol & Tobacco
Commission.
Washington Square area getting first new retail strip in three years
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
Lucas Oil lube shop ‘on hold’
Company announced plans in May 2009 for a $2 million lube shop and car wash in Avon. But more than a year later, work hasn’t
started.
Circle Centre sues restaurant Bella Vita over unpaid rent
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
New rendering for Washington Street project
The developers repairing two long-vacant buildings at Washington and Meridian streets has released a new rendering of the
project.
Developer facing legal action everywhere it has built condos
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It’s only the tip of Page Development’s financial straits.
Circle City Sweets takes chance on Indianapolis City Market
The stand that sells fresh baked goods opened last month, undaunted by the market’s recent history.
Long-vacant Washington Street buildings headed for revival
Workers are restoring facades on two empty buildings along Washington Street just east of Meridian Street as part
of
a
retail
and residential redevelopment.
Hat World expansion to create 571 jobs in Indianapolis
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare
additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
Area home sales took big hit in May as credit expires
Pending home sales fell 31.5 percent last month, following expiration of the federal home-buyer tax credit.
Indoor amusement center could have new owner
Springfield, Mo.-based America’s Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized
as soon as Wednesday.
Restoration begins on vacant Washington Street buildings
A local group has begun restoration of two long-vacant buildings along Washington Street just east of Meridian Street.
Proposed development near Lilly campus could include hotel
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
Fort Ben home, condos headed to auction
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.