Residential Real Estate: Marketplace for October 30, 2017
The housing market remains strong—and sales could surpass last year’s record—despite the low inventory of homes for sale, says F.C. Tucker President Jim Litten.
Real Estate
Articles
Lumber Liquidators plans $36M settlement in flooring cases
Lumber Liquidators, which has three stores in the Indianapolis area, has agreed to resolve claims brought on behalf of people who bought laminate flooring reported to contain unsafe levels of formaldehyde.
Central Indiana homes sales tick up amid tight inventories
The total number of active central Indiana home listings dropped 12.9 percent, from 11,013 a year ago to 9,589 at the end of last month.
Buyer’s restoration of Saddlebrook Golf Course under way
Neighbors who raised $250,000 to help save the northwest-side course are set to gather early next month to celebrate the progress on the course.
Sears stops selling Whirlpool, ending 100-year partnership
The struggling national retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, following a pricing disagreement.
Amazon says it received 238 proposals for 2nd headquarters
Only seven states did not submit proposals to Amazon, seeking to be home of the company’s second headquarters.
Lucases plan to keep hosting parties, despite Carmel zoning decision
In September, the Carmel Board of Zoning Appeals denied a variance request from Forrest and Charlotte Lucas to allow for large gatherings on their massive West 116th Street estate. That decision hasn’t stopped the parties.
Indiana’s unemployment rate jumps to 3.8 percent
Indiana’s unemployment rate jumped three-tenths of a percentage point for the second month in a row in September.
Century-old men’s clothing store going out of business
The store, which has been at its current location in Glendale for 45 years, is in its third generation of ownership.
Cummins’ Indy HQ captures annual Monumental Award
Cummins Inc.’s global distribution headquarters building in downtown Indianapolis took home the highest honor at the Indy Chamber's annual Monumental Awards gala Thursday night.
Guaranty Building magnet for tech firms
Salesforce has left for its namesake tower across the Circle as part of a big downtown expansion, but the nearly emptied Guaranty is making a quick comeback and attracting prized tenants.
North-side barbecue restaurant closes after 25 years
GT South’s Rib House was founded by Georgia native Gerald Travis South in June 1992 and remained in the South family after his death in 2005.
Kroger sets debut for former Marsh store downtown
The chain is sinking nearly $2 million into revamping the location. The turnaround will be finished soon, and Kroger’s other former Marsh stores should be open by late March.
Area home builders experience rare dip in demand
Single-family construction permits in the nine-county area fell last month, marking the first decline since February.
Apartment developer Milhaus lands $245M in equity investments
Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.
U.S. homebuilder sentiment hits highest mark since May
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs.
UIndy building spree continues with $20M dormitory project
As enrollment swells, the south-side university is working with a local developer to construct two four-story buildings with capacity for 300 students.
Public markets to say goodbye to Ruby Tuesday after sale
Restaurant chain Ruby Tuesday, which has four Indianapolis-area locations, is being acquired for about $146 million in a deal that will take the struggling chain private.
Madison County facing bigger bill for asbestos removal work
County council members are expected to vote Nov. 14 on a plan to borrow $3.5 million and repay it with county income tax revenues.
Carson’s parent seeing supplier pullback reminiscent of Toys ‘R’ Us
Some of the suppliers for Bon-Ton Stores Inc.—the parent of Circle Centre’s only anchor store—are scaling back shipments and asking to be paid sooner in order to protect themselves from potential losses.