Paralyzing winter storms put big chill on US economy, but how much?
Getting a handle on the disruption costs of winter weather disasters isn’t as easy as, say, calculating the value of buildings destroyed by hurricanes, floods and fires.
Real Estate
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Carmel developer seeking $7.5M tax break for $62M Nora apartment, retail project
The mixed-use project with at least 250 apartment units would replace a collection of single-story buildings known as Winterton Office Park constructed in 1963.
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All Value City Furniture stores will close as part of parent company’s liquidation
The furniture company has three locations in central Indiana and three in other parts of the state.
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Shelbyville officials advance request to annex 429 acres as part of data center plan
Prologis Inc. hopes to build the sprawling, 13-building operation east of the State Road 44 and Interstate 74 interchange on property straddling the city’s eastern boundary.
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Dozen-plus Indy-area industrial parks sold to California firm
The portfolio consists of 38 buildings in total with a healthy collective occupancy rate of 97.5%. Their value as renovated space is far greater than new construction, according to the seller.
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Articles
Indiana’s first padel facility opening in Westfield
The new facility has two courts dedicated to padel, a fast-growing racquet sport that blends elements of tennis and squash.
Heartland Ventures launches $60M investment fund
Heartland’s investors are established Midwestern companies—businesses such as manufacturers, construction firms, logistics providers and real estate firms—and it makes investments into early-stage industrial technology startups with products that could benefit those investors.
Second Helpings to double storage capacity with new warehouse space
The Indianapolis hunger-relief agency is gaining some much-needed breathing room with a new warehouse space within walking distance of its headquarters at 1121 Southeastern Ave. Second Helpings is set to host a grand opening for the facility Wednesday.
Zionsville company building new HQ at city’s Creekside Corporate Park
Zionsville-based Intelligent Living Solutions, which currently operates from two different local sites, plans to bring everything under one roof in a new 20,000-square-foot location on 106th Street in Creekside Corporate Park.
A powerful force has been holding back the housing market. It’s finally easing.
The housing market recently crossed a noteworthy line: There are now more Americans with mortgage rates higher than 6% than below 3%.
Simons expand property holdings near Gainbridge Fieldhouse
Led by investments at and around Gainbridge Fieldhouse, Herb Simon and his family have spent over $26 million the past two years buying more than a half-dozen downtown properties.
Indiana Real Estate Commission revokes Avon real estate agent’s license over fraud claims
During a commission hearing Wednesday, witnesses said Jeremy Tucker defrauded them out of millions of dollars through unpaid loans or forged documents.
Simons buy two more properties on South Meridian bar belt near hotel, entertainment project
The acquisitions are within a stone’s throw of the family’s planned hotel and music venue project at the former CSX site.
Suburbs, downtown seeing uptick in office demand after years of decline
After tens of millions of dollars of investment by property owners and developers, industry insiders say the office market is finally beginning to show signs of long-term recovery.
Hendricks unveils new name for Circle Centre ahead of $600M overhaul
The planned $600 million redevelopment of Circle Centre Mall has been rebranded by its Wisconsin-based developer in honor of the city’s history as an interurban hotspot.
Walmart plans Supercenter in Ingalls amid town’s development spree
Town planners expect the store to attract shoppers from surrounding communities, including Fishers, Fortville , Lapel and Pendleton.
Tamika Catchings announces closing date for original Tea’s Me Cafe location
Tea’s Me Cafe, founded by former Indianapolis resident Wayne Ashford, opened in the Fall Creek Place neighborhood in 2005.
Local developers plan 238-unit housing project on theater site at Glendale
The 8-acre development at Glendale Town Center would consist of 193 apartments in four buildings and 48 townhouses in eight buildings.
WIBC-FM 93.1 among 9 radio stations moving out of Monument Circle building
Radio One Indianapolis will bring its group of media properties back to the St. Joseph Street building the company has leased since 2001.
Q&A: Melissa St. John leads company that manages office moves, makeovers
St. John, an interior design major who graduated in 1992 from Purdue University, spoke with IBJ about navigating the era of remote work and her experiences in public speaking.
With new ‘CAMI’ name, Garfield Park art campus looks to solidify future
In the interest of brand clarity and long-range planning, an arts-focused campus in the Garfield Park neighborhood is adopting a new name before opening a 40,000-square-foot multipurpose building in 2026.
Simon family firm eyes Ritz-Carlton hotel for downtown development
The 170-room hotel would occupy the southwest corner of Georgia and Pennsylvania streets and feature a skywalk connector to the club level of Gainbridge Fieldhouse.
Food-production firm to close Indianapolis plant, terminate 168 employees
The Lancaster, Texas-based company, which makes heat-and-serve meals for grocers, was involved in a major recall of its products this year due to a deadly outbreak of listeria infections.
Chicken N Pickle calls off plans for Fishers location
The chain announced plans in 2023 to open an indoor/outdoor entertainment complex with a restaurant, sports bar and pickleball courts in Fishers District.