States ask court to keep RadioShack from selling customer data
Twenty-two states, including Indiana, have rallied around Texas in its legal challenge to RadioShack’s plan to sell personal data on 117 million customers.
Real Estate
Articles
Officials hold out hope for historic plant dormant since 2009
A half-mile long and more than a million square feet in size, the former BorgWarner Automotive plant is a fading landmark in Muncie where more than 5,000 used to work. Today, the building is on sale for $1.75 per square foot.
South-side businessman buys old hotel property
Jefferson Shreve has purchased a highly visible site near Interstate 465 and U.S. 31 and is tearing down the hotel that’s been there for decades to make way for a mixed-use development.
Simon wins $150M after long legal battle with 16 insurers
Simon Property Group has been awarded a major victory in a nearly five-year legal battle following a flood that severely damaged one of Simon's shopping malls in May 2010.
Westfield rolls out stricter reporting rules for resale shops
The Westfield City Council approved an ordinance Monday night that requires secondhand stores, pawn shops and metal dealers to report transactions within 24 hours to an online database.
Bill addressing foreclosure-prevention options under fire
An Indiana law that has helped thousands of residents at risk of foreclosure keep their homes could be "gutted" under a bill being considered by state lawmakers, housing advocates say.
Indy Eleven could play soccer at IUPUI for 20 years
State Senate amendment shifts focus from new downtown stadium to refurbished Carroll Stadium.
Denison, Browning snap up Hendricks County parcels
Denison Partners has agreed to buy a one-acre parcel near the southwest corner of Interstate 70 and State Road 267, and Browning plans to buy 11.7 acres near the southwest corner of Washington Street and Ronald Reagan Parkway, an airport spokesperson said.
UPDATE: Simon increases bid for Macerich to $23B in ‘final offer’
By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.
Police stations open doors for safer Craigslist deals
Police stations across the country have started offering space for these business exchanges, saying it’s a win-win-win—strangers meet in a safe spot, police help prevent crime, and the danger of doing business on Craigslist decreases.
Fountain Square property values take off
Commercial real estate prices are skyrocketing in Fountain Square, where property owners seem emboldened by a resurgence of interest in the historic neighborhood southeast of downtown.
Eiteljorg to enhance canal side with $400,000 upgrade
A new structure will allow for more canal-side programming for the museum, including concerts, storytelling, art projects, poetry readings and interactive activities.
Another big apartment project slated for Broad Ripple
Three local real estate professionals, two from Kosene and Kosene Residential, are teaming to embark on an ambitious $13.5 million development called the Residences at 66th.
Indianapolis Hindu temple getting $10M expansion
The expansion, set to be unveiled in June, includes construction of a worship hall with 17 shrines.
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.