Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
The as-yet-unnamed new company will have a separate management team. The company initially will own 54 strip centers and 44 malls.
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.
Eskenazi Health leadership’s desire to connect the diversity of its hospital’s population through a healing park drew in a landscape architect firm that is not only one of the top in the country, but also one of the hottest architecture firms in the world.
Seeing small repair projects pile up at the city’s iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
As part of a $150,000 renovation of the first floor, workers are installing three large windows on the historic building’s north side where the originals had been removed and covered long ago with matching limestone.
The state’s environmental office has agreed to transfer a landfill permit to the new owner of a Madison County property at the center of a decades-long dispute.
Hubbard & Cravens plans to open in two downtown locations, restaurant Ember Urban Eatery takes space in the Villaggio, and a family entertainment center expands to Greenwood.
Napolese pizzeria and Crust Pizzeria Napoletana have quietly reached an agreement outside of court. Napolese owner Martha Hoover filed an intellectual property lawsuit against Crust owner Mohey Osman in October.
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
The owner of hundreds of retail properties landed on the Barron’s list of top stock picks for 2014, with the financial publication citing an improved outlook and an analyst upgrade.
City officials have estimated the storms caused $22 million in commercial property loss, a figure that doesn't take into account lost wages and productivity.
Indianapolis Fire Department Credit Union officials are set to sign off on a deal with the city to build a facility downtown near College Avenue. That would clear the way for a $43 million project on the credit union’s current Mass Ave site.
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
Former Muncie Central High School basketball coach Terry Thimlar is proposing putting an NBA Development League team in the Wigwam in an effort to save the historic venue.
A Michigan-based engineering and architecture firm is expanding to Indianapolis and has signed a lease to occupy space on Massachusetts Avenue.
