Beat goes on at Verizon
Will the owners of Verizon Wireless Music Center find a buyer? So far, the answer is no. Several brokers say the unofficial asking price of more than $40 million is…
Real Estate
Articles
City to review $50M project
A redevelopment proposal for the north end of downtown is up for zoning approval at 1 p.m. Thursday. If developers can secure financing and city approval, the $50-million project would incorporate the…
Around town retail roundup
Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live, chances are there’s something coming nearby. North: The area’s first location for salad-focused Tossed…
Red Robin, Red Robin …
Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It…
Tossed plans to open its first Indiana location in Fishers next week. The Florida-based salad concept is aiming for four more stores in addition to its restaurant at 8510 E. 96th St.
Overhaul underway on IPS building
The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up two levels of parking. Workers have removed the facade from most of the second and third floors
Cabela’s getting $18M in city bonds
The city of Greenwood plans to help with financing on a Cabela’s store at the southeast corner of Interstate 65 and County Line Road. The Nebraska-based outdoors retailing giant has a deal to…
Glut of million-dollar houses driving prices down
Buyers in the market for million-dollar homes can afford to be choosy these days, as the softness in the overall market extends
to the high end, real estate agents say. Through the first quarter of this year, home sales in the 13-county Indianapolis
area fell nearly 12 percent, according to the Metropolitan Indianapolis Board of Realtors.
INVESTING: Modern portfolio theory may spawn mediocre returns
A tenet of modern portfolio theory is the call to diversify. Over the long haul, equities have gone up twothirds of the time. That means losses have occurred onethird of the time-and they’ve sometimes been severe. Hypothetically, a greater mix of asset classes should protect against the downside and perhaps even provide a portfolio with gains even when equities are down. But diversify into what? Thirty years ago, when modern portfolio theory was just gaining ground, investors had few choices….
Ex-Marsh exec says ousted president asked him to inflate profit
By now, David Marsh might be regretting he ever decided to take on former employer Marsh Supermarkets Inc. in court. Since
he filed his lawsuit last fall charging the company his grandfather founded had shortchanged him on severance, the company
has stormed back with a blizzard of allegations.
Fresh Market delayed but still a go
Since crews finished clearing the old Atlas Supermarket site in March, the corner has been conspicuously quiet. The lack of construction work has helped fuel speculation that the deal for a Fresh…
College leasing chunk of Lexington
A private college system plans to move into the Lexington project at Meridian and 12th Streets downtown. Brown Mackie College has executed a lease for 25,000 square feet in the 1921 building that…
Carmel mansion is history
In the market for a 20,000-square-foot mansion with 4 bedrooms, 7 full baths and 5 partial baths? Too late! The former home of Dr. Donald Perez and his wife Karen, built in…
D’vine move clears way for big project
Premier Properties has taken another step toward its ambitious plan for Woodfield Crossing. The company has a deal to relocate D’vine A Wine Bar from an existing retail building on the Woodfield property to another building it owns. 
Redevelopment in Greenwood area
Southsiders may have wondered what’s going on at the northeast corner of Madison Avenue and County Line Road, across from Lowe’s and McDonald’s. Well, wonder no more. Locally based Peacock Companies is planning a new retail strip with outlots including…
Decision time on RiverPlace
The Fishers Town Council could decide the fate tonight of a controversial mixed-use project that includes residential high-rises along the White River.
What do you think they’ll do? The $500-million project by Centre…
Deal in works for Hamaker building
Days could be numbered for an 85-year-old independent pharmacy at the northeast corner of Pennsylvania and 49th streets. The building that houses Hamaker Pharmacy, along with Cafe Patachou, D&Z Gifts, Meridian Heights Cleaners and Corks Grocery, is up for sale….
INVESTING: REITs lose sheen as other sectors of market shine
If you avoided getting hit by the falling brick that has been the residential homebuilding sector, you may want to get ready to do another sidestep. It looks as if weakness in homebuilders is spreading to real estate investment trusts, and it is early enough to take defensive action. Before getting into it, let me say that I believe the overall stock market has plenty of upside, despite the recent heady gains. My reason for avoiding REITs now is that…
Fort Harrison reuse plan approved
The Fort Harrison Reuse Authority won approval from the City of Lawrence last night for the final phase of a decade-long redevelopment of Fort Benjamin Harrison. The roughly 90-acre…
Extreme Makeover: Cub Foods edition
There is a clear winner in the category of Most Surprising Reuse of a Former Cub Foods. Property Lines got a tour this morning of the new Calvary Christian School at…