Real Estate

Housing market may have hit bottomRestricted Content

January 26, 2009
Sam Stall
Here's something that passes as good news for central Indiana's moribund housing market: Prices might hold steady this year, after falling nearly 7 percent from their 2006 peak.
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Ailing anchor store casts uncertainty over Circle CentreRestricted Content

January 26, 2009
Greg Andrews
The shopping mall business is fragile these days, with the recession sapping consumer spending as well as retailers' demand for space. So how is Circle Centre, the centerpiece of downtown Indianapolis' 1990s revival, holding up? OK for now, it seems.
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Penn Arts redevelopment hits funding snagRestricted Content

January 26, 2009
The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3 million plan to transform the 82-unit apartment building into 45 fancier units has hit a snag that's become familiar to developers: No financing was available at advantageous terms
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Former hospital could become student housingRestricted Content

January 19, 2009
Cory Schouten
Ivy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students.
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Slump emboldens retailers to play tough with SimonRestricted Content

January 19, 2009
Greg Andrews
Suddenly, the balance of power is shifting between retail tenants and mighty Simon Property Group Inc., the nation's biggest mall owner. Simon's biggest challenge: A litany of retailers either have failed or are on the brink of financial collapse, creating more empty spaces in malls at a time demand is slack to fill it.
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Mass Ave redevelopment reaches a roadblockRestricted Content

January 19, 2009
Cory Schouten
Indianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after an ambitious proposal for the historic former Coca-Cola bottling plant fizzled.
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Panattoni cuts back local presenceRestricted Content

January 19, 2009
California-based Panattoni Development Co. has eliminated its two-person Indianapolis development team as part of closures and job cuts in five cities.
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Broad Ripple restaurant closesRestricted Content

January 19, 2009
Scholar's Inn Bakehouse has closed its cafe at the corner of College and Broad Ripple avenues in Broad Ripple. The locally based chain still is operating the Scholar's Inn Restaurant & Lounge along Massachusetts Avenue downtown.
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Portrait and Pasquinelli Homes winding down in IndianapolisRestricted Content

January 12, 2009
Cory Schouten
One of central Indiana's largest condominium builders may have to exit the market because of slowing demand and problems with financing. At peak, Chicago-based Portrait and Pasquinelli Homes was building 250 units per year in Indianapolis
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New restaurants open in downtown IndianapolisRestricted Content

January 12, 2009
Two new restaurants near the corner of Washington and Pennsylvania streets have opened their doors.
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Stadium, airport terminal openRestricted Content

December 29, 2008
Anthony Schoettle
The $720 million Lucas Oil Stadium opened in August, just in time for the Indianapolis Colts' season. Indianapolis International Airport's $1.1 billion midfield terminal, meanwhile, took off in November.
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High-flying Premier Properties crashes

December 29, 2008
Cory Schouten
The founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony charges in connection with its downfall.
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Davis Homes folds, other builders struggleRestricted Content

December 29, 2008
Cory Schouten
Davis Homes, one of the state's largest home builders, fell victim to the tough housing market, ceasing operations July 23.
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Angie's List chief builds company, rebuilds Holy CrossRestricted Content

December 29, 2008
Peter Schnitzler
For several years, Angie's List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
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Distribution holds promise for Central IndianaRestricted Content

December 22, 2008
Chip Cutter
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial businesses and distribution centers next year.
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Apartment revitalization work begins in IrvingtonRestricted Content

December 22, 2008
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building in Irvington.
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Kite drops about 10 percent of its staff as retail market floundersRestricted Content

December 15, 2008
Cory Schouten
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes with dried-up credit and a soft retail market.
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Appeals pay off for biz ownersRestricted Content

December 8, 2008
Peter Schnitzler
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this year, and the challenges often are paying off in a big way.
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Chicago's Jones Lang LaSalle attracts talented local brokers to establish Indy branchRestricted Content

December 8, 2008
Chip Cutter
Some of the city's most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
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Lease-to-own options becoming more popularRestricted Content

December 8, 2008
Chip Cutter
With credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on a lease-to-own basis.
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Kosene & Kosene embroiled in 62 lawsuitsRestricted Content

December 1, 2008
Cory Schouten
Indianapolis developer Kosene & Kosene is battling buyers over a $500 million condo project near Fort Myers.
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Indiana bankruptcies soarRestricted Content

December 1, 2008
Peter Schnitzler
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts say stretched consumers and businesses probably won't reap benefits of an improved economy for at least a year.
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Despite sour economy, retail developers press onRestricted Content

December 1, 2008
Greg AndrewsMore

Speedway project will have victimsRestricted Content

December 1, 2008
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Duke Realty star starts new companyRestricted Content

December 1, 2008
Aasif Bade started Ambrose Property Group with three employees this month.
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