Purdue acquires Indiana Avenue home of Schultz & Pogue for Indy campus
Purdue University in Indianapolis is continuing to add to its downtown footprint, spending $4.5 million to acquire another property for its growing city campus.
Mickey Shuey, Indianapolis Business Journal
Articles
Grand Universe CEO sued by chief operating officer over alleged non-payment of salary
An executive with the Westfield-based company that plans to develop a $1.2 billion science and space exploration complex near Grand Park Sports Campus has sued the firm, alleging he hasn’t received a large portion of the compensation he is contractually owed.
Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
Local firms partner to buy Capital Center office towers for $35M
One of the largest office complexes in downtown Indianapolis officially changed hands this week, with the new owners eyeing an update for the property that could result in its partial conversion to a hotel. Tenants include the Indiana Supreme Court.
Indy-area developer Drew Loftus sues partner for company records
Drew Loftus, a principal with Silverstone Development LLC, claims he has not had access to the company’s offices, calendars, communications or financial records since May.
Rahal Letterman Lanigan’s Zionsville HQ site of FBI activity
The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is “cooperating fully with investigators” but did not elaborate on the type of inquiry underway.
Pure Development co-owner sues partner, seeks liquidation of company
Partners in one of central Indiana’s largest commercial development companies are fighting over the firm’s future amid one owner’s claim that the other has forced the departure of key staff and put hundreds of millions of dollars in potential business at risk.
Purdue takes next step to develop $187M mixed-use project for new downtown Indy campus
Purdue officials say the Academic Success Building “will evolve with the needs of experiential education, accommodate courses that would not otherwise be offered with existing space, and provide on-campus housing.”
State Budget Committee members say details about MLS investor group not necessary
Two members of the Indiana State Budget Committee said this week they don’t need a would-be investor group for a Major League Soccer franchise in Indianapolis to unveil itself ahead of the Hogsett administration’s anticipated request for stadium funding from the board.
Sugar Factory faces eviction at Circle Centre after allegedly failing to pay $300,000-plus in rent
The landlord for Circle Centre Mall has filed a lawsuit to evict Sugar Factory, alleging that the restaurant has defaulted on its rent.
How the SK Hynix project came together—and another fell apart
The South Korean company’s announcement made waves across Indiana, but so did a decision by Minnesota-based SkyWater Technology to cancel its project at Purdue after not receiving hoped-for federal funding.
Indiana Republican candidates trade barbs during gubernatorial debate
Most of the quips and jabs during the one-hour event were directed at frontrunner Sen. Mike Braun, with a focus on his track record in the Indiana General Assembly and Congress on topics including immigration policy, economic development and taxation.
Foreclosure suit filed against owner of Wilshaw hotel property
The developers brought in to complete the long-stalled Wilshaw hotel project in Speedway have filed a foreclosure suit against the property owner, alleging failure to repay a loan.
Regions Tower owners face $75M foreclosure suit after missing loan deadline
The owners of Regions Tower are facing a foreclosure suit after an alleged failure to pay off nearly $75 million of loans on the landmark property in downtown Indianapolis.
Neighbors file suit to block proposed $61M Willows redevelopment
Neighbors of a proposed apartment and condominium project near Broad Ripple have filed a lawsuit in response to a city commission’s decision last month to preliminarily approve the developer’s request to rezone the land.
Section of downtown Indy’s Jail II building slated for demolition in revision of $120M redevelopment plan
The developer that plans to revamp a pair of former correctional facilities on Indianapolis’ near-east side for housing, retail and entertainment uses has modified its vision for the project due to structural issues with one of the buildings.
City drops plan to redevelop City-County Building
Mayor Joe Hogsett’s administration has decided against redeveloping the City-County Building, which was left nearly half empty last year when the courts moved to the new Community Justice Campus.
Indianapolis company sees significant opportunity in modular housing
A 2-year-old company on the east side of Indianapolis has its sights set on tackling central Indiana’s affordable-housing problem through modular construction.
Crime in downtown Indianapolis: Is perception worse than reality?
Business leaders’ differing responses show how complicated it is to analyze and interpret crime data and incidents and assess the safety of downtown Indianapolis, even among those who routinely traverse the city’s central core.
Real estate lawyer Reddick named president of Marion Co. Capital Improvement Board
Longtime real estate attorney Marci Reddick has been named president of the Capital Improvement Board of Marion County, the city announced late Thursday.