The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
As of Monday morning, the Marion County Metropolitan Development Commission had received no bids to buy the property. MDC
is set to begin reviewing bids at its Wednesday meeting.
Indianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times of London.
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported
Monday morning.
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property
Group Inc. has criticized, Simon CEO David Simon says.
Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor’s Office to his friend, business
partner and political contributor John Bales.
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
Specialized bar codes will be on Carpenter materials ranging from print advertisements to yard signs.
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
Scholars Inn’s growth engine is its wholesale bakery, which distributes granola and other
fresh products across state lines thanks
to deals with
partners like Kroger.
City agency plans renovations, expansions at eight apartment properties.
Another for-profit college is eying an expansion into the Indianapolis area. The publicly traded Corinthian Colleges Inc., based in Santa Ana, Calif., plans to take 40,000 square feet in the Heritage Park office park southeast of Interstates 465 and 69.
The housing market could be awakening from its deep sleep, if February home-sale agreement figures are any indication.
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's
fortune.
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail
sales and a sluggish housing market.
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers,
involves used-car sales and service bays stocked by Carquest.
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
