U.S. existing home sales tank in November
The introduction of a new disclosure form in October likely prevented many homebuyers from closing on sales in November. Home values are also rising at more than double the pace of wages.
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Ransom Place residents mount court challenge to stop project
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Hyatt Regency’s lobby, eateries to get $1.3M makeover
The new owners of the Hyatt Regency Indianapolis decided its lower levels needed an overhaul and sharpened culinary focus.
Plainfield shopping center closes early after online threat
The Shops at Perry Crossing in Plainfield was evacuated Friday night after bomb threats were posted on Facebook targeting the mall and its JC Penney store, police said.
$50M project in Speedway to include hotel, apartments
Two local developers are teaming to build a $50 million mixed-use project adjacent to the Indianapolis Motor Speedway that would anchor the town’s revitalized Main Street.
Northwest-side retail center acquired for $6.5 million
Pyramid Place Shops is home to Georgia Reese’s Southern Table & Bar, Einstein Bros. Bagels, Noodles & Co., Qdoba, and Firehouse Subs.
City tapping TIF to fund $4M in IRT building repairs
The gift is part of a new, 10-year lease agreement the city is close to signing with the Indiana Repertory Theatre, which calls for IRT to provide building upkeep by paying into a fund in lieu of rent.
Luxury auto dealer buys Ruth’s Chris building on Keystone
Coast to Coast Imports, which specializes in pre-owned luxury autos, will add a third Indy location, near the busy intersection of Keystone Avenue and East 96th Street.
Simon partner to buy Oslo shopping center for $578M
The Oslo City shopping mall in the Norwegian capital of Oslo has about 355,000 square feet of retail space and 366,000 square feet of offices.
Indy-area home deals slide for eighth straight month
Home sales in November tumbled 11.1 percent in Marion County, from 866 homes to 770. Hamilton County, the area’s second-largest market, saw a similar decrease, with an 11.3 percent drop.
Area home builders see tiny dip in monthly sales
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.
Beer, wine on tap for 9 Indy-area Starbucks
The Seattle-based coffee giant is seeking alcohol permits to offer beer and wine at four Indianapolis outposts and five others in collar counties.
Area Kroger stores to carry local distillery’s spirits
Hotel Tango’s products, including its gins, vodkas and rums, will be available in 20 of the supermarket chain’s central Indiana and Bloomington stores.
Roundup: Nature’s Table, Rocket 88 adding locations
Nature’s Table has staked out space at the Indianapolis International Airport while Rocket 88 Doughnuts is expanding to south Broad Ripple. Also, a couple more craft breweries are on tap.
Circle Centre losing three tenants, including two originals
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
Downtown Dunaway’s restaurant building attracts buyer
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
$4.5M revamp of downtown office building set to begin
Onward Investors purchased the former Disciples Center in September and now will embark on a major renovation of the building that includes a new facade and space for a restaurant or retail user on the ground level.
Johnson gets 5-year sentence in Indy Land Bank case
David Johnson, who was found guilty of wire fraud and money laundering as part of the Indy Land Bank scandal, was sentenced to more than five years in federal prison Friday by U.S. District Judge William T. Lawrence.
Chase Tower struggles to fill vacant space
The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that Salesforce.com will take a big chunk of space there could mean it is poised for a turnaround.
Gershman family taking on ambitious, high-profile real estate projects
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.