Wellness-based development would be first of kind here
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
Real Estate
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UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington
Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
Alcohol board denies Walgreens’ booze permit application
Marion County’s Alcoholic Beverage Board on Monday denied Walgreen Co.’s application for a permit to sell alcohol at
its location on East Washington Street in Irvington, citing neighbors’ opposition. The panel split 2-2 on a permit for its
Nora store. Earlier, the drugstore chain withdrew two
other requests.
Judge halts distribution of assets from Simon estate
A Hamilton County judge has ordered a halt to distributions from the estate of the late Melvin Simon to his widow Bren or
any other beneficiary without the court's approval.
Bank trying to sell former home of Premier Properties founder
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
Secretary of state candidate leaves architectural firm
Vop Osili of Indianapolis-based A2SO4 is focusing full time on his run for secretary of state as the Democratic candidate.
Attorneys finish arguments on Simon estate issue
Lawyers for Bren Simon’s stepchildren contend she’s incapable of serving as trustee of her late husband’s estate and should
be removed. A Hamilton Superior Court judge took the matter under advisement and will rule at a later date.
Simon Property Group reports improved quarterly results
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
State steps up chase for data centers
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Lauth moving HQ to North Meridian office building
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
INSIDE DISH: Italian eatery thrives despite early blunders
For Matteo and Emily Di Rosa, the sustained profitability of Matteo's
Ristorante Italiano is even sweeter in light of the errors of naivete made at the start.
Duke Realty’s loss widens despite higher revenue
Indianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention
rates rise.
2 restaurants taking vacant buildings on College Avenue
A new restaurant serving "gourmet Mexican street food" and a bar named to honor a fallen Iraq War veteran are in
the works for two vacant buildings along College Avenue in the Meridian-Kessler neighborhood.
Developer making final push for embattled Uptown project
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use
project at 49th Street and College Avenue. The project could be in trouble if he doesn’t get city
support.
Lauth headquarters offered for lease
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Movie-rental stores are next retail backfill opportunity
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the
nation’s
second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
New home sales up nationally, but pace remains slow
The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
Holiday Inn to hit auction block with $1M opening bid
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
Financial upheaval produced war stories galore
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.