Re/Max brokerages merge to form 80-agent firm from west side to downtown
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
Real Estate
Articles
Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Dry cleaner with unusual pricing model coming to Indy
A franchisee has agreed to open five locations in the metropolitan area, with the first expected to begin operating in August, in the former Fox & Hound space on the city’s northeast side.
Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.
Indiana Supreme Court to consider Simon, Teavana dispute
A lower court judge temporarily blocked Starbucks from closing its Teavana stores because of its lease obligations.
Retail caps strong season with help from long Christmas weekend
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
Mo’s downtown location to reopen as ‘Paleo-inspired’ diner
Owner John Vassallo plans to open Nook in February with a highly-educated staff that can help diners learn how foods impact their bodies.
Rodizio Grill hoping to reopen locally after Carmel closure
Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.
German eatery planned for former Bent Rail restaurant site
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
Long-time south-side bakery closing doors
A nearly-30-year-old business known for custom-made cakes for weddings, graduations, birthdays and other special events is liquidating its equipment and closing its shop near the University of Indianapolis.
Brixx pizza set to reopen in Fishers with new owners
The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.
Plans for barbecue joint on East 16th moved to backburner
Restaurateurs Peter George and Thomas Main had hoped to open their BBQ Barn in June, but now they’re unsure if they’ll pursue the concept at all, after experiencing costly delays.
TWG again seeking tax credits for delayed church project
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
Large Castleton apartment complex sells for $44.6M
A California company bought the 512-unit Avery Point Apartments, which was finished in 1986 and consists of 58 two-story buildings.
Menswear patch: Downtown clothing store relocating to core of Mile Square
J. Benzal exited Massachusetts Avenue in October and is moving to new space near where a national men’s clothier closed earlier this year.
From autos to universities, here’s what the tax overhaul means for most industries
Its impact will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.
Another upscale downtown restaurant closing at end of month
Chef Joseph’s on East Ohio Street will shut its doors upon the retirement of executive chef Joseph Heidenreich, ending a six-year run.
Butler closes on purchase of seminary buildings, 40 acres of land
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Downtown building owner seeks tax break for $2M renovation
Growing architecture firm Guidon Design Inc. plans to occupy the currently vacant and dilapidated structure on North Pennsylvania Street and boost employment by nearly 50 percent.