WOODS: Too many contractors misleading prospects
Some contractors, many of whom are desperate to replenish backlogs decimated by the recession, are not telling prospective
clients the whole story about exit strategies.
Real Estate
Articles
Group plans to auction relics of downtown architecture
The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.
Rating prestigious ZIP codes
A top-selling real estate agent pegs 46032 in Carmel and 46240 in Indianapolis as tops.
Bloomington chamber weighs in on chain-store ban
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and
restaurants downtown.
Hat World acquires 37-store Sports Fan-Attic chain
Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate
and professional sports licensed apparel what Hat World did for headwear.
City Market board sought 3-year closure for redevelopment
Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.
Saturn’s loss, Byrider’s gain
J.D. Byrider, the Indianapolis chain of used-car lots, is courting Saturn dealers to come into the fold as Byrider franchisees.
Properties in play along Market Street
Four properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.
IBJ Media seeking approval for new projecting sign
The parent company of IBJ has filed plans to add a new sign with an electronic-message component outside the newspaper’s headquarters
at 41 E. Washington St.
September construction spending edges up
Construction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction
in more than six years.
Clarian restarts construction on hospital in Fishers
Clarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based
hospital system announced Friday.
Developer buying Fountain Square building; museum lined up as tenant
Architect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
State rejects high bid for 19-acre parcel near downtown
The Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown Indianapolis after it received only two bids at an auction Thursday.
Simon reports slight improvement in quarterly results
Simon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company’s issuance of more than 50 million new shares so far this year.
NCAA approves $35M addition to Indianapolis headquarters
The NCAA executive committee on Thursday approved a $35 million addition to the governing body’s headquarters in White River
State Park in Indianapolis.
Anderson gas-station chain sues BP after 32-store deal sours
Ricker Oil’s Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
Steak n Shake’s Biglari adds intrigue by buying stake in insurer
The Indianapolis-based company’s CEO revealed earlier this year that he intends to use Steak n Shake as a holding company
that will pursue purchases “either related or unrelated to its ongoing business activities.”
RCI to become Wyndham Exchange; says Carmel jobs are safe
Despite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.
Marketing a former nerve gas site
Will it be harder to attract businesses to the Newport Chemical Depot than to sell a house where a grisly murder took place?
Historic namesake for German Church Road facing demolition
Historic preservation groups are fighting to save a 1914 church at the northeast corner of Washington Street and German Church
Road in Cumberland. The congregation of St. John United Church of Christ has been working on plans to build a new church on
Carroll Road and struck a deal to sell the old one to a developer. The plans are rumored to include demolition
to make way for a CVS store.