Real Estate Weekly: News notes, 06/29/21
These news notes appeared in IBJ’s Real Estate Weekly on June 29, 2021.
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Indiana reports 183 new COVID cases, slight rise in hospitalizations
A total of just 62 new COVID-19 cases were reported in the nine-county Indianapolis area, with 33 of those reported in Marion and Hamilton counties.
Consumer confidence up in June to highest level since pandemic
The proportions of consumers planning to purchase homes, automobiles and major appliances all rose in June, as did intentions to take vacations.
Automotive tech marketing firm lands $4.5M in growth capital
Entrepreneur and private investor Rick Gibbs, who co-founded Dealer.com in 1998 and sold it Dealertrack for a billion dollars in 2014, has joined Driven Data as chairman as part of the investment.
Baker turning hobby into bagel shop in Cottage Home downtown
Josh Greeson left the real estate industry to focus on his dream of becoming a baker. It began to rise when he worked at the well-known Amelia’s in Fletcher Place.
F.C. Tucker Co. acquired by regional residential real estate giant
The largest and oldest residential real estate brokerage in Indiana has been acquired by Pittsburgh-based Howard Hanna Real Estate Services, the biggest independent brokerage in the United States, the companies announced Tuesday morning.
Westfield council overrides mayor’s veto on new campaign finance rule
The Westfield City Council voted Monday to override the mayor’s veto of its new campaign finance disclosure rule before also voting to withdraw a proposal to terminate its State Road 32 agreement with the state.
NCAA D1 Council recommends allowing athletes to profit off name, image, likeness
The 24-member NCAA Division I Board of Directors is expected to approve the historic recommendation Wednesday, the eve of the July 1 date that athletes rights advocates have been pointing toward with anticipation for months.
Gas prices rise again, with no sign of letting up this summer
The national average for a gallon of gas is now almost 5 cents higher than a month ago and 92 cents higher than this time last year. The increases are even higher in Indianapolis.
Judge dismisses government antitrust lawsuits against Facebook
U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to prove that Facebook was a monopoly.
Zionsville device maker prepares to launch remote patient monitoring unit
The new gadget from VoCare Inc. is about the size of a smart phone and measures a person’s temperature, heart rate, blood pressure, blood glucose levels, blood oxygen saturation and heart rhythms.
Rolls-Royce confirms plans to consolidate downtown office space
Citing multiple sources familiar with the project, IBJ first reported on the company’s overall plans June 17. Rolls-Royce said Monday that it does plan to vacate two of the three buildings at the Meridian Center campus, but said it would continue to occupy a different building than earlier reported.
Indiana reports 132 more COVID-19 cases, no new deaths
The state said more than 2.8 million Hoosiers have been fully vaccinated against COVID-19. More than 2.79 million had received the first dose of a two-dose vaccination.
Amish put faith in God’s will, herd immunity over COVID vaccine
When health care leaders began laying out a strategy to distribute COVID-19 vaccines, they knew it would be a tough sell with the Amish, who tend to be wary of preventive shots and government intervention. Indiana is home to nearly 60,000 Amish.
Area homebuilders continue to see high demand for new houses
So far this year, 4,676 single-family building permits have been filed in the nine-county Indianapolis area, up 49% over the first five months of 2020.
Honda changing course, to build its own electric vehicles
The company said it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.
Offices after COVID: Wider hallways, fewer desks, more conference space
Steelcase, an office furniture company, says its research indicates half of global companies plan major redesigns to their office space this year.
IBJ Podcast: Why a Chicago trade show displaced by the pandemic picked Indy
IBJ reporter Mickey Shuey talks with John Downs, the CEO of the National Confectioners Association, to find out why the group decided to host its signature trade show—The Sweets & Snacks Expo—in person this year and how it picked Indianapolis to be the event’s location.
Longtime restaurant operator Nick Iaria dead at 75
Nicholas “Nick” Iaria, the grandson of the founders of Iaria’s Italian Restaurant, is credited with turning the business into one of the city’s landmark eateries under his leadership from the 1970s to the early 2000s.