Real Estate

C.P. Morgan's demise puts 2,000 home sites on market already overwhelmed with landRestricted Content

March 9, 2009
Cory Schouten
The end of C.P. Morgan, the largest central Indiana builder for a decade, will throw 1,200 home lots and options for 800 more onto an already flooded land market.
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F.C. Tucker forms partnership with home-builder ShoopmanRestricted Content

March 9, 2009
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will staff model homes in seven communities Shoopman is developing.
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School makes move into historic Lockerbie buildingRestricted Content

March 2, 2009
The private Todd Academy plans to move into a historic building at the northwest corner of East and New York streets in Lockerbie Square.
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Fast-growing appraisal firm evolves from subprime pastRestricted Content

February 23, 2009
Cory Schouten
One of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business based in Indianapolis.
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Turn-of-century building could be saved from demolitionRestricted Content

February 23, 2009
The Salvation Army is rethinking a request to demolish a historic home it owns next to its headquarters at Michigan and Alabama streets.
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Jefferson Plaza renovation approaches endRestricted Content

February 16, 2009
Katie Maurer

The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.

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CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficitRestricted Content

February 16, 2009
Cory Schouten
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
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Fall Creek Place plans retail and restaurantRestricted Content

February 9, 2009
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner of 22nd and Delaware streets.
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Police museum plannedRestricted Content

February 2, 2009
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
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Developers to pitch projects near public housing towersRestricted Content

January 26, 2009
Cory Schouten
The Indianapolis Housing Agency is asking developers to pitch plans to build new residential or commercial space on land surrounding the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story Lugar Tower at 901 Fort Wayne Ave.
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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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