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Residential Real Estate: Marketplace stats for March 25, 2022

March 25, 2022 | IBJ Staff

A limited inventory of houses available for purchase has been driving up prices across the region, an ongoing trend that began about two years ago.

Former Phoenix Theatre space is now a warm, industrial condo

March 25, 2022 | Lesley Weidenbener

Dark steel beams, exposed ducting and stainless industrial-style appliances are warmed up by worn leather furniture and soft area rugs.

Tight market means heartbreaking house hunts, especially for first-time buyers

March 25, 2022 | Sam Stall

Central Indiana homes typically exit the market after only five days, according to Zillow, with the average Indy metro house priced at about $255,000 as of February—up 20.5% from last year.

Pete the Planner: Time bigger purchases (if and when you can)

March 25, 2022 | Peter Dunn

Your goal should be to make sure your major-purchase timelines are flexible enough that the supply-and-demand factors fall in your favor and don’t back you into a suboptimal outcome.

Luxury apartments to open soon in former AT&T building

March 25, 2022 | Mickey Shuey

A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.

Financial challenges plague rural hospitals, including in Indiana

March 25, 2022 | John Russell

Rural hospitals have long struggled to stay afloat. But now, the sector is facing a wave of closings under additional financial pressures, some caused by the pandemic that has strained resources.

Q&A: Father’s example drives focus on consistent quality

March 25, 2022 | Mickey Shuey

Paul Okeson’s father ran a small construction company in Fort Wayne, providing lessons that wouldn’t register with Paul until he ended up in the construction industry.

In the workplace: Who is in charge of building your culture?

March 25, 2022 | Garrett Mintz

One thing everyone could agree on was that there is no one-size-fits-all solution for building an effective culture, but that, whatever culture you have built, it must be readily understood, inspiring, and not general and exclusively aimed to benefit the organization.

Memory bank: Union Station’s Grand Hall in the 1990s

March 25, 2022

At its height, some 500,000 people passed through each month to board the 200 trains that came through daily.

EMC2 plans to help manufacturers go high-tech

March 25, 2022 | Susan Orr

The new facility in the 16 Tech Innovation District, the Emerging Manufacturing Collaboration Center, is part collaboration space, part learning lab and part development and testing center.

Wastewater treatment plans move ahead despite backlash in West Indy

March 25, 2022 | Leslie Bonilla Muñiz

A fight over zoning has devolved into debates over odor, water quality, and the impact of another wastewater treatment plant in the area on nearby residents.

Mike Lopresti: A year later, writer reflects on 2021 March Madness

March 25, 2022 | Mike Lopresti

A year later, I still remember the look on the Oklahoma player’s face as they hustled him out a back door at the hotel, hoping no one would notice. A van to whisk him out of town was waiting, and here he came, in a full mask and nearly a hazmat suit. What a way […]

Editorial: Direct trans-Atlantic flights are key to economic development

March 25, 2022

Direct flights to commercial hubs around the world would create better opportunities for Indiana businesses to land clients and establish business connections in those cities.

Lesley Weidenbener: Reporters, social media and maintaining trust

March 25, 2022 | Lesley Weidenbener

When you work in news—or at least in a newsroom—you give up the right to publicly express opinions about a lot of things.

Claire Fiddian-Green & Pat Creech: Addressing gaps in academic outcomes should start early

March 25, 2022 | Claire Fiddian-Green and Pat Creech

Indiana released a new set of reports late last month that represent a critical step toward helping close gaps in education outcomes.

Angela Thompson: Here’s one COVID-era change Indiana should continue

March 25, 2022 | Angela Thompson

As we look forward to better days ahead, we urge our policymakers to permanently grant patients direct access to the high-quality care APRNs deliver. It’s a no-cost, no-delay solution to ensure Hoosiers affordable, accessible health care everywhere.

Cecil Bohanon & Nick Curott: Spread’s rise is bad news for saving, the economy

March 25, 2022 | Cecil Bohanon and Nick Curott

With all due respect to our Keynesian colleagues, discouraging saving is bad policy.

Plans for redevelopment of former GM stamping plant site moving forward

March 25, 2022 | Mickey Shuey

The IEDC and leadership of The Valley neighborhood presented initial plans to residents on Thursday night following several months of consultation with local firms Browning and MKSK.

Will Holcomb’s recent veto affect his Republican party standing?

March 25, 2022 | Emily Ketterer

Gov. Eric Holcomb’s rejection of a bill that would have barred transgender females from joining girls’ sports teams could have political repercussions if he decides to seek higher office, political observers say.

Chip shortage forces GM to pause production at Indiana plant

March 25, 2022 | Associated Press

The plant makes Chevrolet Silverados and GMC Sierra light duty pickups and employs more than 4,000 blue collar workers.

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