New tenant-rep group plans commercial during Masters
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
Real Estate
Articles
Red Key’s rules will live on after owner’s death
Russel Settle, 92, was renowned for telling customers at the landmark Red Key Tavern to mind their manners in the northside
pub featured in a Dan Wakefield novel.
First Time Homebuyer tax credit expires next month
The Treasury Department says potential Indiana homeowners have only until May 1 to take advantage of the First Time Homebuyer
tax credit before it expires.
Tenant exit leaves Circle Centre 4th floor almost vacant
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall’s fourth floor, which has struggled
for years to
keep tenants.
Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
General Growth’s bankruptcy plan makes room for Simon
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
707 North Apartments begin leasing for June opening
The new owners of the eight-story condo project formerly known as 707 East North Street have set an opening target of June
for what will be known as 707 North Apartments.
Famous handbag maker hits local retailers with lawsuits
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement
lawsuits.
Answer to Murat’s naming-rights fight likely to be found in lease
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank
over a naming-rights deal announced March 16.
Fishers Town Council delays vote on $19M auto mall
If the council gives its blessing, construction could begin this spring on Butler Automotive Group’s five-dealership development
along State Road 37. About 230 jobs could be created.
A new sign for Steak n Shake
Steak n Shake's downtown headquarters is getting new signage.
Severance boosts pay of former Duke Realty exec
Duke Realty’s former chief operating officer took home $3.1 million last year. The office, industrial and retail property
owner and manager
also awarded raises to its CEO and the rest of his management team.
Engeledow Group acquires estate landscaper
Engledow Group, one of the Indianapolis area's largest landscape companies, has acquired Litchfield Landscape Co. to bolster
its estates division.
Tax-break deadline spurs spec homes in Parade
This spring’s Parade of Home is being held about two weeks earlier than normal to help builders lure homebuyers who want to
take advantage of federal incentives intended to give the residential real estate market a boost. Builders also are taking
chances on more spec homes.
General Growth preparing to file finance plan
General Growth is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
Simon Property hiked CEO’s pay 34.7 percent last year
David Simon’s $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management
team’s pay declined or remained flat.
Lugar Tower project delayed by lack of tax credits
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
Finish Line reports big jump in sales, profit
Shares of athletic retail specialist The Finish Line Inc. were soaring in after-hours trading Thursday after the company reported
strong fourth-quarter sales and a growing pile of cash on its pristine balance sheet.
Former Thomson plant back in bankruptcy
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Big payday for lawyers in concrete price-fixing case irks Duke
Duke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.