RACE: Zoning overhaul might not go far enough
Indy Rezone won’t change the city’s timid approach to planning.
Real Estate
Articles
Higher payroll taxes take toll on restaurants
So far, 2013 has been “a roller coaster ride” for Indiana eateries, according the state trade association’s president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
Finish Line hits snag in new running segment
The athletic footwear and clothing company said Thursday that its fiscal fourth-quarter earnings dropped 18 percent due to lackluster sales at stores open at least a year.
$17M senior community planned for Solana project
A Carmel-based developer plans to break ground soon on a $17 million senior-living community south of Keystone at the Crossing dubbed Traditions at Solana.
Purdue: Indiana farmland values still rising
Valuations continue to head north despite last summer’s drought, and farm managers and rural appraisers expect the trend to continue in the short term.
Chipotle headed downtown to Washington and Meridian
Local retail brokers say Chipotle will occupy the first-floor space of a three-story retail and office building slated to fill the vacant lot at 6 E. Washington St.
Whole Foods shelves store slated for Fishers
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.
Local REITs charge ahead of pack in bull market
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
HealthLease to snare $141.7M in senior properties
A central Indiana REIT that went public in 2012 has agreed to buy 13 senior housing and care facilities in three states, growing its asset value by 50 percent.
Bru, Mesh owner planning third eatery in Mass Ave neighborhood
Mike Cunningham has signed a letter of intent to buy a building at 620 N. East St. that he said would house a "new American diner."
Barron’s enthrones Simon among world’s best CEOs
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon’s Jeff Bezos and Larry Page of Google.
A milestone and a transition for the Property Lines blog
From Cory Schouten: For six years, I've used this space mostly to share nuggets I found interesting about real estate in my hometown.
Two projects would give Nora Plaza a face-lift
The developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing store.
Summit’s headquarters earns double LEED certification
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient controls.
HHGregg manager sues over company’s denial of bonuses
Dwain Underwood charges the retailer should have included in its bonus calculations a $40 million life insurance payout it collected after executive chairman Jerry Throgmartin died last year.
Steak n Shake’s value menu isn’t all that looks cheap
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
$1.4M revival planned for historic Oxmoor apartments
The abandoned Oxmoor Apartments on Indianapolis’ near-north side is about to be revived, thanks to a $1.4 million renovation set to be completed in July.
At Home Quarterly: Marketplace
Indianapolis-area statistics on home sales, demographic trends and more.
Architect designs home to grow with his family
Architect Chris Lake’s Zionsville home is a work in progress, and probably always will be.
Desirable homes selling fast in Indianapolis area
A confluence of circumstances has led to a spurt of sales that sometimes occur within days.