Construction begins on $60M Canal apartment project
Work began this week on a $60 million apartment and retail development along Ninth Street between the Central Canal and Senate Avenue that will be geared toward students and young professionals.
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Retailer plans 250-worker Hendricks County warehouse
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
Local Taco Bell franchisee acquired by California firm
Southern Bells Inc., an Indianapolis-based franchisee that operates 76 regional fast-food restaurants, has been acquired by the country’s largest franchisee of Applebee’s restaurants.
Health insurance changes daunting for Indiana employers
A portion of the Patient Protection and Affordable Care Act requiring companies in 2014 to begin offering health insurance to more workers is causing a lot of anxiety.
Local developer plans $12M north-side apartment project
A Fishers-based developer plans to build a 90-unit apartment community east of Township Line road and north of 86th Street, behind a shopping center that includes Kahn's Fine Wines & Spirits and Planet Fitness.
Area home sales rise for 20th straight month
Home-sale agreements in the nine-county Indianapolis area jumped 12.2 percent in December, marking a 20th straight month of gains and capping off a strong year for residential real estate.
Renderings: $4.7M rugby park near Fountain Square
Check out renderings of a proposed $4.7 million rugby complex near Fountain Square.
$1.5M plan to salvage Di Rimini nears finish line
The bank that owns the hulking pile of code violations known as Di Rimini at the southeast corner of Capitol Avenue and St. Clair Street is poised to invest more than $1.5 million to finish the ill-fated project.
Well-known Indianapolis developer launching pro soccer team
Keystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
HHGregg shares tumble on profit warning
HHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.
Developer settles suit with Hudson condo residents
The complaint alleged that Hudson residents in 2011 began noticing cracks in the first-floor walls and ceiling of the downtown condominium, in addition to noticing a slope in the floor.
Downtown Arvey store reopens under new ownership
Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey’s previous parent company bought the name and has reopened five stores nationwide.
Group aims to create nation’s largest rugby complex
A long-vacant drive-in theater just east of Fountain Square soon could be home to the nation’s largest rugby facility. The Indiana Youth Rugby Foundation has raised $1.2 million for the ambitious project and is seeking another $500,000 to break ground this spring.
Plans afoot to redevelop Payton Wells properties
A local developer hopes to build a $20 million apartment and retail project on one of several Old Northside lots once used by the defunct car dealership Payton Wells.
Farmers seek rescue from unexpected property tax hit
New soil-productivity factors issued by the Department of Local Government Finance last year would have raised tax collections an average 18.5 percent this year.
Report: Outlook bullish for Indy industrial development
Expect to see more big distribution centers in the Indianapolis area as you drive around town or come in for a landing at Indianapolis International Airport.
Roundup: That Fun Place, Salon Lofts, Five Below
Coming soon to the Indianapolis area: A family amusement center, a series of upscale salons and a youth-oriented general store where everything costs $5 or less.
Cassidy Turley offers mixed outlook on Indy real estate
The city's largest real estate brokerage expects the industrial and housing markets to boom in 2013, but offers a more cautious view on the office and retail sectors, predicting that uncertainty caused by political gridlock could hamper an already sluggish recovery.
Area homebuilding hits highest mark since 2008
The number of home construction permits in the Indianapolis area jumped 16 percent last year, marking just the second year-over-year increase in filings since 2005.
Duke Realty sells six-building local office complex
Two Illinois companies have acquired a six-building, 446,000-square-foot Indianapolis office portfolio from locally based Duke Realty Corp. Industry sources say the buildings sold for more than $20 million.