Residential Real Estate: Marketplace for June 26, 2017
The number of active listings in the metro area has inched up—but not nearly enough to eliminate the seller’s market that now exists.
IBJ Staff
Articles
Indianapolis tries to halt Carmel’s 96th Street roundabout plan
In a lawsuit filed this month in Marion Superior Court, Indianapolis claims its northern neighbor is encroaching on the city’s corporate boundary. The seven-page complaint is seeking a preliminary injunction preventing Carmel from continuing with plans to build four roundabouts.
Pharmakon owner, compliance director face criminal charges
The owner and the director of compliance for Noblesville-based Pharmakon Pharmaceuticals Inc. have been charged with multiple criminal counts related to the sale of over-potent compounded painkillers that sickened at least three infants.
Allegiant to begin seasonal Indianapolis-to-Phoenix flights this fall
The route is one of 28 new routes that the Las Vegas-based airline plans to launch this year.
Indiana restaurant owners sentenced for underreporting $1.8M in sales
Two central Indiana restaurant owners have been sentenced to home detention and ordered to make restitution for failing to collect and remit sales taxes, Marion County Prosecutor Terry Curry announced Monday.
Purdue, Rolls-Royce, state launch $24M partnership to advance aircraft engines
The Indiana Economic Development Corp. said the Purdue-based partnership will create the nation's most advanced turbine lab for compact gas engines.
Indy Fuel owners, developer propose $40M sports, entertainment complex
The owners of the Indy Fuel professional hockey team and Indianapolis-based developer Gershman Partners announced plans Monday to team up on a $40 million-plus sports, family entertainment and hospitality complex on 60 acres along Interstate 65 in Greenwood.
Indiana unemployment rate sinks to near-record low
Indiana's unemployment rate made a a big drop in May, falling to 3.2 percent, the state’s Department of Workforce Development said Friday.
EDITORIAL: HIP 2.0 is worth saving
Lawmakers should resist the temptation to pass a law that would destroy programs such as HIP 2.0 that have found a way to balance liberal ideals about government serving the poor with conservative principals about the marketplace.
Local mechanical contractor acquired by Houston-based company
Compton Mechanical Systems Inc., a 35-year-old Indianapolis-based contractor, has merged with Comfort Systems USA’s Indiana subsidiary.
Indianapolis-area home construction permits hit 10-year high
Filings to build new homes in central Indiana hit their highest monthly level in nearly 10 years last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
Indy marketing firm nabs Dallas company co-founded by Staubach
NFL Hall of Famer Roger Staubach will be a partner in the merged company, which will maintain the LST Marketing name.
Marsh locations slated for purchase by Ohio grocers include 12 in central Indiana
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
UPS plans $260M logistics facility in Plainfield, 578 jobs
United Parcel Service Inc. and the Indiana Economic Development Corp. announced plans for the new 893,000-square-foot package-handling hub Tuesday morning.
Auto industry supplier plans $40M manufacturing facility, 180 hires
Canada-based Multimatic Inc. says the 125,000-square-foot facility should be in operation in New Haven by the end of the year.
Fountain Square restaurant Marrow calling it quits
Marrow, an innovative restaurant with an eclectic menu, was co-founded by chef John Adams, formerly of Bluebeard and Plow & Anchor Restaurant.
UPDATE: Butler basketball coach Holtmann leaving for Ohio State
Ohio State said Butler’s Chris Holtmann, the reigning Big East coach of the year, will be paid about $3 million a year under an eight-year deal, but details still have to be hammered out.
EDITORIAL: Tightfisted owner tanked Marsh
We don’t begrudge Sun for trying to turn a profit. And we acknowledge that Marsh had plenty of problems when Sun scooped it up. But the company—and community—deserved a better steward than Sun.