Downtown buildings land arts tenants
Vonnegut Memorial Library Inc. will move into 1,100 square feet at 340 N. Senate Ave. The Arts Council of Indianapolis will
occupy 5,400 square feet at 922 N. Pennsylvania St.
Real Estate
Articles
Fishers Town Council set to review auto mall plans
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
Local beverage entrepreneur retrenches with new venture
J. Smoke Wallin launches Pelican Brands LLP to help booze companies market and distribute their products after his attempts
to acquire underperforming brands fizzled due to the credit crunch.
Judge tosses fraud claim in Mel Simon estate case
Judge William J. Hughes ruled Deborah Simon failed to make her claim with “sufficient specificity.”
Franklin woman dies after grocery warehouse accident
The 32-year-old Kroger worker had been on life support since a pallet of bottled water fell on her March 15.
Longtime F.C. Tucker president retiring
Fred Tucker, who has led F.C. Tucker Co. since 1986, will leave the company April 1 and hand the reins to business partner
H. James Litten.
Another General Growth suitor enters fray
Elliott Associates LP and Paulson & Co. are said to be discussing a plan to team with Brookfield Asset Management Inc. to
bring mall owner General Growth Properties Inc. out of bankruptcy, competing with Simon Property Group.
Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Insurer lending $7M for east-side Super Bowl project
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
Blue Bell ice cream coming to Indianapolis
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.
Home builder officially declares bankruptcy
Indianapolis home builder Hansen & Horn Group Inc. has officially declared bankruptcy after owners agreed to liquidate the
company earlier this month.
Prosecutor Brizzi defends no-cost real estate deal
Marion County Prosecutor Carl Brizzi paid nothing for a 50-percent stake in an Elkhart office building he acquired with a
local defense attorney.
Shoe Carnival profit beats estimates
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Simon Property Group adds Glasscock to board
Former WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
Deadline passes with no bids to buy Winona
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
Judge’s disclosure rules broader than Bren Simon sought
The protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren’t plaintiffs.
Noble Roman’s boosts profit in 2009
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
Simon weighs new General Growth bid, sources say
Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
Judge: Bren Simon can’t liquidate Simon Property holdings
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
Custom builders, banks convene to discuss lending environment
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how
builders can adapt to banks’ stricter lending requirements.