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Few stocks avoid effect of housing, banking woes: Wall Street pessimism spreading across industries

Nineteen central Indiana companies have seen their stock prices fall more than one-quarter from the 52-week highs-a plunge that largely reflects pessimism over the strength of the economy. The pullback has hammered some of the top-performing Hoosier companies in recent years, including shopping mall owner Simon Property Group Inc. (off $46 a share, or 38 percent) and school operator ITT Educational Services Inc. (off $52, or 39 percent). Former highfliers often take the biggest tumble when investor sentiment turns bearish….

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Nature Conservancy buys blighted industrial site

The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown to develop a new Indiana
headquarters. The $4.5 million project–which will revitalize or replace the former home of Nemec Heating & Supply Co. at
614 E. Ohio St.–should provide another boost to an area that has been bulking up on development, mainly residential.

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Conservancy plans ‘green’ HQ

The Nature Conservancy has agreed to buy an old industrial property on the eastern edge of downtown to develop a new Indiana headquarters. The $4.5 million project will revitalize…

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Mortgages are getting cheap

Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time
in more than two years.

Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve…

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Updates on downtown projects

By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,…

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More closings, some temporary

The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility.

Seven nightclub in Broad Ripple…

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Condos take shape atop building

Construction has begun on a project that will add 18 condos and four penthouses to the top of a historic four-story office building at 429 N. Pennsylvania St. The project, dubbed…

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Financial Planning Titles: A list of acronyms after an adviser’s name might look impressive, but those seeking credible advice need to sort through designations

inancial F Planning Titles A list of acronyms after an adviser’s name might look impressive, but those seeking credible advice need to sort through designations Investing your money is overwhelming enough already-especially with all the available options-without having to fret over whether a financial adviser has the credentials to keep your retirement account afloat. Sure, there are a litany of fancy titles financial planners can earn that may help ease your concerns. But what do they really mean? With more…

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Running Co. takes aim at sporting-goods giants

Retired Olympic distance runner Bob Kennedy and his business partner, Ashley Johnson, have expanded their Running Co. to four
stores. The most recent expansion is their boldest yet, pitting them against mall giants Dick’s Sporting Goods, The Finish
Line and Foot Locker for supremacy among south-side runners and walkers.

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RETURN ON TECHNOLOGY: Beware: e-mail is bastion of many security lapses

Tell the truth-you’ve “Googled” yourself, haven’t you? All of us have, or at least we should. It’s interesting for me to do it for myself, because I’ve been an Internet denizen since before the Web was woven, when all most of us did was exchange e-mails. What chills me sometimes is how far back the Google results for my name can go, clear into the mid-1990s in some cases. The ‘Net never forgets anything. If you have doubts about that,…

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National City Center nabs Veolia

Paris-based utilities giant Veolia Water has reached a deal to move its North American headquarters into the 16-story National
City Center, providing a boost to a downtown building still reeling from the loss of Simon Property Group Inc.

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Going out of business

Several stores are calling it quits at local malls. The highest profile is the Macy’s at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have…

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Yats, Aldi and another steakhouse

Montana Mike’s, a Kansas-based steakhouse chain, hopes to claim Indianapolis as a lucrative new market. The chain wants to open in Greenwood first, said Madison Jobs, Montana Mike’s vice president of franchise…

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Residential real estate market follows nation into slump

For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through
the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.

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Developers have new plans for corner

The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based
Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall
at Keystone.

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ECONOMIC ANALYSIS: Indiana’s economy: The fundamentals are in place

Predicting the size and scope of economic activity for the nation, state and region is one of the more important roles played by university economists. But 2008 is the kind of year that really tests economic forecasting. The Bureau of Business Research just released its forecasts for Indiana and two regional labor markets. In total, we examined eight different data series and have stressed the performance of net employment and wages. Our forecast is fairly optimistic. We predict job growth…

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BARcelona could close

A manager at the downtown tapas restaurant tells Property Lines the operation is in trouble and could soon close. Owner Frank Schmitz, of St. Louis, recently bought out his partner in the…

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Finale underway for Piano Merchant

The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue. One of the three partners is ill and another…

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