Simon profit dips but outlook improves
Simon Property Group Inc. on Wednesday said its third-quarter profit fell due to recent costs related to refinancing its debt, but that otherwise performance for the quarter was strong.
Real Estate
Articles
New rules adopted in hopes of spurring home loans
With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.
Finish Line names new president from within
Samuel M. Sato joined the company in 2007 and previously had served as president of the Indianapolis-based retailer’s Finish Line brand.
Lauth planning 900,000-square-foot distribution center in Brownsburg
The local developer hopes to lure a tenant for the massive warehouse in its Eaglepoint Business Park while the project is underway.
Roundup: Second locations for B’s Po Boy, Three Pints; another Kmart closing
Three Pints Brewpub in Plainfield has expanded to Martinsville, while B’s Po Boy in Fountain Square plans to open a second location, in Irvington. Meanwhile, Kmart has added another local store to the closure list.
New Hilton brand coming to downtown’s Illinois Building
A Canopy by Hilton will occupy the historic building just a block from Monument Circle as part of chain’s launch of the new brand in 11 cities.
Flat 12 venture with IndyCar star yields surprise sales success
Hinchtown Hammer Down beer, named for IndyCar driver James Hinchcliffe, is one of Flat 12’s top sellers and has become one of five in the brewery’s core lineup.
Angie’s List $40M investment brightens outlook for blighted area
Some real estate experts wonder whether the area’s revival relies too much on Angie’s List.
Justice center deal tests transparency laws
Three teams competing to partner with Indianapolis on a half-billion-dollar criminal justice complex shaped the city’s yet-to-be released specifications in closed-door meetings.
Library plans $59M in new branches, upgrades
Indianapolis Public Library officials are seeking approval from the city to borrow funds to renovate, relocate and build entirely new branches across the city. Despite growing emphasis on digital media, library visits are increasing, they say.
Zeller buys downtown’s Market Tower out of foreclosure
The Chicago-based real estate firm bought the 30-story tower in a sheriff’s sale after the owner defaulted on loans totaling $60 million.
Milhaus wins skinny stretch of Market Street corridor for apartments
The developer plans to build 52 units on East Market in a unique deal with the city. The project will be much different from Milhaus’ other multi-family projects to the south.
Cutillo ramrods entrepreneurship at Stonegate
Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.
U.S. retail sales decline on falling auto, gas, clothing sales
Wage gains have been sluggish since the recession ended in 2009, and that's led many people to be more cautious about spending money.
Purdue expert: Holiday spending to climb 4 percent
While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers.
Area home sales snap year-old losing streak
Central Indiana ended a one-year slump in home sales in September, recording its first monthly increase in home-sale agreements since August 2013.
Area homebuilding permits up slightly in September
Permit filings for home construction in central Indiana increased 1 percent in September, marking a small jump following two months of declining activity in the local homebuilding market.
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Contractor investing $1.6M to create local HQ near downtown
Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year.
Merchandise seized from Indianapolis flea market
Cpl. Brandon Thomas said excise officers had a search warrant for the Liberty Bell Carpet & Flea Market on the city's east side when they seized the items Sunday.