Pences settle into 1928 Governor’s Mansion in Butler-Tarkington area
The state’s first couple are adding small personal touches and raising money to continue making improvements.
Real Estate
Articles
Home insurers changing policies, raising premiums in wake of losses
Big claims in recent years are driving up prices of policies in Indiana and causing some insurers to cut back coverage.
Pizzeria plagiarism? Napolese suing Crust over close likeness
Cafe Patachou founder Martha Hoover contends the owner of newcomer Crust in Carmel has stolen the look of her Napolese pizzerias and is confusing customers.
Roundup: Juicery for City Market, barbecue joint for Plainfield, and more
Twenty Two, which started as a mobile juicery/smoothie bar, is set to land at City Market on Dec. 2. Dickey’s Barbecue is opening in Plainfield on Oct. 24, and a California pizza chain plans to open near IUPUI.
Meridian Mark buildings in Carmel expected to hit market
The two eight-story, granite-clad buildings are highly visible along the North Meridian Street corridor, which has become attractive to investors as the market’s vacancy rate continues to fall.
Investors pour $5 million into beer technology firm
Carmel-based SteadyServ Technologies expects to roll out its keg-sensor system early next year and trigger an aggressive hiring phase.
Eight Mattress World locations to rebrand as PureSleep
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
Homebuilder Estridge plans return after landing $25M
Paul Estridge Jr. says he is returning to the home-building business after securing $25 million from a private-equity firm in North Carolina. The venture’s first project will be Harmony, a 270-acre community in Westfield.
IU puts Bloomington, Indy parking privatization on hold
A university official said a 50-year lease involving the two campuses would probably bring in about $275 million. That's far less than the $483 million deal that Ohio State University got last year.
Athenaeum shelves redevelopment of adjacent lot
Plans to redevelop a surface lot adjacent to the historic Athenaeum building have been shelved after proposals failed to meet financial expectations.
Huge housing, golf development planned for Westfield
The developer who delivered high-end housing to Westfield a decade ago with The Bridgewater Club is working on plans for another upscale golf community near the city’s Grand Park Sports Complex.
Simon’s 20-year run has made investors a bundle
Simon Property Group now is the largest real estate company in the world and has a stock market value of $59 billion. That’s $6 billion more than Eli Lilly and Co., not that Simon's hypercompetitive CEO, David Simon, has noticed.
Developer unveils plans for former Central State site
Plans for the proposed $5 million redevelopment show a mix of uses, including student housing, event space, office and industrial space and even the possibility of a brewery.
Local homebuilders see mild increase in permit filings
Single-family-building permit filings rose 8 percent in the nine-county area in September, marking the 15th straight month of year-over-year increases, the Builders Association of Greater Indianapolis reported Tuesday.
High-profile retail building sells in Meridian-Kessler
Locally based Ambrose Property Group acquired the 12,100-square-foot center at the northeast corner of 49th and Pennsylvania streets.
Simon’s board wrongfully denied CEO pay vote, lawyers argue
Simon Property Group directors improperly refused to let shareholders vote on changes to the company’s executive-compensation plan that resulted in a $120 million stock award to CEO David Simon, investors’ lawyers argued Monday in court.
Area home sales show signs of cooling off
Home-sale agreements in central Indiana fell for the second time in three months in September amid higher mortgage rates and tighter inventories.
Developer launching rehab of vacant College Avenue retail building
Developer Larry Jones said he’ll spend about $600,000 to renovate the 6,700-square-foot eyesore at 1101 N. College Ave., which has sat empty since the early 1980s.
Developer seeks tax break on $16.2M apartment project
Indianapolis-based Herman & Kittle Properties Inc. would save $452,000 in property taxes on the development, slated for 22.5 acres on the southwest side.
$120M lawsuit over central Indiana factory moves ahead
The appeals court declined to hear an appeal from Getrag Transmission of a Tipton County judge's ruling that the lawsuit filed by Walbridge Construction should go to trial or settlement.