Indy property management group accused of discriminating against families
The Indianapolis-based company is accused of discriminating against families by imposing occupancy limits regardless of square footage.
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Local developer buys downtown building, moves HQ there
Litz Real Estate had leased space on Massachusetts Avenue before purchasing the one-story structure on Central Avenue, which gives the company space for new hires.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Feds force local cement facility to change hands
A merger between two international cement companies—and a related antitrust investigation by the Federal Trade Commission—has put an east-side Indianapolis facility under new ownership.
New Broad Ripple co-working space set to open next month
The Hatch plans to target creative types with its art studios, recording booths, green screens and more. It’s slated to open in early August.
HHGregg plans to expand high-end Fine Lines concept
The struggling retailer says it intends to more than double the number of its stores featuring the ritzy showrooms—an extension of its recent strategy to focus more on appliances and furniture.
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Former WISH-TV anchor Halvorson lands job with Kroger
Eric Halvorson, who lost his job at WISH-TV late last year after 32 years an anchorman and reporter, has been hired by the Kroger Co.
Lafayette plans to replace 76-year-old baseball stadium
The city has signed an initial agreement to have Indianapolis-based American Structurepoint design a new stadium expected to cost about $10 million.
More buildings set to fall on IUPUI campus
The planned demolitions of the old IUPUI Psychiatric Research Building and the Wishard Helipad site are the next projects sparked by the land swap between IUPUI and Eskenazi Health’s parent.
Speedway pivots development focus to western border
Two developments totaling $50 million are in the works on the western edge of Speedway as officials look to create a gateway into the town from Crawfordsville Road.
Beer magazine taps Koelschip as one of country’s best bars
The Fall Creek neighborhood establishment opened in January and has quickly built a following by offering eclectic beers alongside its own offerings from Central State Brewing.
Roundup: Legal Beagle replacement on tap; longtime Broad Ripple gallery closes
Investors in Rebar Indy say they’re cleaning house at the former Beagle space downtown and setting up a self-serve beer wall.
Firm redeveloping ex-Coca-Cola plant faces daunting preservation challenges
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.
Zionsville rejects proposed $30M downtown mixed-use project
The potential development, known as 200 West, would have included a mix of single-family homes, multifamily housing and a commercial section on a 4.3-acre property to the west of Sycamore and Main streets.
Country club land along White River to be preserved in $2.7M deal
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
UPDATE: Builder, trade groups sue Greenwood over new design standards
An Indianapolis-based home builder and two trade associations have filed a lawsuit against Greenwood, claiming the city has adopted architectural standards on new houses that will drive up prices so significantly that the costs would preclude home ownership for thousands of residents.
Ex-GM site attracting ‘intense’ interest
The entity marketing the former General Motors stamping plant site is putting the property back on the market after plans for an outdoor concert venue on about half the 102 acres fell through.
City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.