Real Estate & Retail

UPDATE: Security gates on tap for governor's mansion

August 27, 2014
Kathleen McLaughlin
Preservation officials for the Meridian corridor have given unanimous approval for wrought-iron gates and brick columns at the entrances to the mansion at 46th and Meridian streets.
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Two HDG Mansur creditors seek liquidation of the firm

August 26, 2014
Scott Olson
The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.
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New U.S. homes sales fall unexpectedly to 4-month low

August 25, 2014
Bloomberg News
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
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Condos making comeback in IndianapolisRestricted Content

August 23, 2014
Scott Olson
The market is starting to wake up after years of slumber caused by the housing downturn.
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Indianapolis homebuilder combines dashing design, prefabricated contructionRestricted Content

August 23, 2014
Sam Stall
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.
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All-star real estate agent leadership sounding familiar

August 23, 2014
Ward takes first place among IBJ's All-Star Teams sixth year in row.
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Wynkoop is top real estate agent in 2014

August 23, 2014
Scott Wynkoop placed first among all-star agents a third year in a row.
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At-Home Quarterly MarketplaceRestricted Content

August 23, 2014
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
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Builders Estridge and Davis rebound from bust, run own firms again

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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Mainstreet torques up expansion ambitions

August 23, 2014
J.K. Wall
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
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Kite Realty creates general counsel postRestricted Content

August 23, 2014
 IBJ Staff
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
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City-County Council approves landlord registryRestricted Content

August 23, 2014
The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.
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Simon hands over Washington Square to lender

August 22, 2014
Scott Olson
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
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Noblesville eyes plans for $10M park, amphitheater

August 22, 2014
Andrea Muirragui Davis
Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
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Coats: Planned reservoir can't rely on fed money

August 22, 2014
Associated Press
U.S. Sen. Dan Coats said planners of a proposed central Indiana reservoir shouldn't look to the federal government for help in financing the $450 million project.
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Residents of Packard condos settle suit with developer

August 21, 2014
Cory Schouten
Residents of downtown's The Packard condominiums have settled a two-year-old lawsuit with developer Kosene & Kosene Residential.
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New Grand Park in Westfield already $6M over budget

August 21, 2014
Associated Press
The Westfield City Council this month voted 5-1 to lend the project $6 million from a city infrastructure fund, money that the administration said would be repaid through future sponsorship revenue and possible litigation windfalls.
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Engineers: Union Station requires $3.7 million in emergency repairs

August 20, 2014
Kathleen McLaughlin
The Department of Metropolitan Development could tap the downtown TIF fund to cover the costs. The problems were uncovered after bricks fell off the station's south wall in December 2012.
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Home construction on the rise nationally

August 19, 2014
Associated Press
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction faltered, however, in the Midwest.
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Gatling Gun Club building proving to be tough sell

August 19, 2014
Scott Olson
The building on North Illinois Street has been vacant since 2008. A downtown bar owner who acquired it nearly four years ago put it back on the market after giving up on plans to move her business there.
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Real estate company proposing $26 million development

August 18, 2014
 IBJ Staff
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
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Central Indiana home sales continue to trail 2013

August 18, 2014
 IBJ Staff
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
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Good Earth exits appeal of Broad Ripple project

August 18, 2014
Scott Olson
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
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Sun King plans $8.8M brewery, tasting room in Fishers

August 18, 2014
Andrea Muirragui Davis
Homegrown craft-beer maker Sun King Brewing Co. plans to build a second production facility and tasting room in Fishers, adding capacity as it widens its reach. The Town Council will consider a $2.5M economic development deal Monday night.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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  1. Liberals do not understand that marriage is not about a law or a right ... it is a rite of religous faith. Liberals want "legal" recognition of their homosexual relationship ... which is OK by me ... but it will never be classified as a marriage because marriage is a relationship between a man and a woman. You can gain / obtain legal recognition / status ... but most people will not acknowledge that 2 people of the same sex are married. It's not really possible as long as marriage is defined as one man and one woman.

  2. That second phrase, "...nor make or enforce any law which shall abridge the privileges or immunitites of citizens..." is the one. If you can't understand that you lack a fundamental understanding of the Constitution and I can't help you. You're blind with prejudice.

  3. Why do you conservatives always go to the marrying father/daughter, man/animal thing? And why should I keep my sexuality to myself? I see straights kissy facing in public all the time.

  4. I just read the XIV Amendment ... I read where no State shall deprive any person of life, liberty, or property ... nor make or enforce any law which shall abridge the privileges or immunitites of citizens ... I didn't see anything in it regarding the re-definition of marriage.

  5. I worked for Community Health Network and the reason that senior leadership left is because they were not in agreement with the way the hospital was being ran, how employees were being treated, and most of all how the focus on patient care was nothing more than a poster to stand behind. Hiring these analyst to come out and tell people who have done the job for years that it is all being done wrong now...hint, hint, get rid of employees by calling it "restructuring" is a cheap and easy way out of taking ownership. Indiana is an "at-will" state, so there doesn't have to be a "reason" for dismissal of employment. I have seen former employees that went through this process lose their homes, cars, faith...it is very disturbing. The patient's as well have seen less than disireable care. It all comes full circle.

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