Riley Towers expansion in works
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark
downtown property.
Real Estate
Articles
Lawmakers consider changes to alcohol laws
The General Assembly plans to consider changes to Indiana’s alcohol laws this session, including proposals that would allow
microbreweries to sell takeout beer on Sundays and permit alcohol sales during voting hours on Election Day.
Simon family fight breaks out over billionaire’s fortune
Melvin Simon’s
daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a
new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
Jones Lang LaSalle lures top industrial broker from CTMT
One of the city’s most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker
to join Chicago-based Jones Lang LaSalle.
Venue-management titans emerge as CIB front-runners
Experts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may be the favorite to run the city’s sports and
convention venues.
City’s once-thriving stand-up comedy scene fades
Crackers’ Broad Ripple and downtown locations are the only remaining comedy clubs in Indianapolis.
The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
Shoppers World taking former Target space
Discount department-store chain Shoppers World has signed a deal to take over a shuttered Target store on the south side.
Brokerage CTMT rebranding, dropping Tucker name
The city’s largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker
for the first time in more than 90 years.
Ashley Furniture HomeStore closing Carmel outpost
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a
lease renewal.
Home-sale agreements plummet 16 percent nationally
It was the first decline following nine straight months of gains and the lowest reading since June.
Flying Cupcake expands, Bobby Joe’s shuts down
The Flying Cupcake Bakery is opening a new location along Mass Ave next door to Scholar’s Inn downtown. Plus, more restaurant
news!
Fire destroys east-side Indianapolis restaurant
Officials say frozen fire hydrants hindered firefighters during an early-morning blaze that burned down a Texas Roadhouse.
Real estate lawsuit pits Situs vs. Situs
Texas real estate consultancy sues local brokerage over rights to name they both share.
Steak n Shake slashes restaurant spending as CEO hoards cash
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
Buckingham tapped to develop mixed-use project near IUPUI
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
Kidding aside: Morty’s Comedy Joint closing
Morty’s Comedy Joint is slated to close for good on Jan. 4 after a four-year run at 3625 E. 96th St.
Home prices rise nationally for fifth straight month
The recovery continues to be uneven, with only 11 of the 20 metro areas tracked by the index showing gains.
Location, personal touch drive tasting room growth
Upland Brewing Co. and Chateau Thomas Winery are broadening their use of tasting rooms, opening outlets far from their production
facilities in hopes of attracting new customers.