Indianapolis Hindu temple getting $10M expansion
The expansion, set to be unveiled in June, includes construction of a worship hall with 17 shrines.
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Delta Faucet planning $15M expansion of Carmel HQ
The four-story, 80,000-square-foot addition will serve as the Carmel-based firm’s public entrance and showroom, as well provide office space for future growth.
Central Indiana home sales up for third straight month
Central Indiana home transactions were on the rise for the third straight month in February, a positive sign for the residential real estate industry after a disappointing year in 2014.
Simon seen likely to boost Macerich buyout bid after rejection
Macerich Co.’s rejection of a $16 billion buyout offer and adoption of takeover defenses leaves Simon Property Group Inc. with few options but to make a higher bid to win the mall landlord.
Indiana House backs 3-year ban on building nursing homes
Indiana would have a three-year moratorium on construction of most new nursing homes under a proposal the state House narrowly approved Tuesday.
Jury returns guilty verdicts in Land Bank case
A federal jury on Wednesday evening returned guilty verdicts on eight felony counts including wire fraud and bribery against Reggie Walton, a former city employee who managed the Indy Land Bank.
Upscale neighborhood in Fishers gets go-ahead
City officials on Monday approved rezoning 150 acres along Southeastern Parkway for a 277-unit development with homes from $275,000 to $450,000.
Macerich rejects Simon Property’s $22.4B takeover bid
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts and investors expect Simon will make a higher bid.
Fountain Square anchor building undergoing renovation
Bryce Caldwell plans to open an Italian restaurant called Pioneer on June 1, more than three years after his original plan to launch on New Year’s Day 2012.
Big Boy owner says exec embezzled much more than estimated
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
Indy developer, Old National plan $24M real estate project
The five-story development will include 96 luxury apartments, a regional headquarters and branch office for the bank, and space for a restaurant or retail business.
Southern comfort-style eatery coming to Mass Ave
The Eagle, a Cincinnati-based restaurant operated by the Bakersfield ownership group, will occupy space Stout’s Shoes is vacating as part of a store downsizing.
New-home sales suffer through frigid February
February’s record-cold temperatures apparently put a chill on new-home buying in central Indiana, the Builders Association of Indianapolis reported Thursday.
Celebrated architect and Indy native Michael Graves dies at 80
The Broad Ripple High School graduate enjoyed an architecture and design career that spanned the globe and included some of the most significant buildings of the postmodern era. In Indianapolis, they included the NCAA Hall of Champions.
Maker-space movement touches down in Indy
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
David Simon tightens screws in quest for biggest deal yet
Analysts say Simon has reason to covet Macerich, whose 40 best malls have lofty sales per square foot of $618.
Historic downtown temple gets reprieve, again
Indianapolis Public Schools has threatened to tear it down to make way for more parking. But now it looks as though it’s giving Indiana Landmarks carte blanche to find a buyer to save the structure.
UPDATE: Real estate veteran Ehret opening office for Avison Young
Bill Ehret, who co-founded the largest commercial real estate brokerage in Indianapolis, has left the company to open a local office for global firm Avison Young Inc.
Deadline passes on deal to sell former Beech Grove hospital
Two Beech Grove officials said a $3.75 million agreement between Franciscan Alliance and Los Angeles-based DealPoint Merrill expired on Tuesday without closing, leaving the future of the mammoth campus in question.
Judge dismisses open door challenge against Westfield
The complaint, which was filed by Republican mayoral challenger Jeff Harpe, argued that Westfield officials violated Indiana’s Open Door Law during the process of approving plans to build an indoor soccer facility at Grand Park sports campus.