Construction activity falls to near-decade low
The current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal a healthy construction sector.
Real Estate
Articles
City-County Council OKs North of South project funding
The $155 million complex, to be built primarily on Eli Lilly and Co.-owned parking lots at Delaware and South streets, is to include a boutique hotel, a YMCA, apartments and retail and office space.
Browning set to start retail project; another in works
Browning Investments is close to breaking ground on a small retail strip center on West 86th Street in front of St. Vincent Hospital and is in the early stages of planning a larger retail center at 131st and Meridian streets.
North of South development to start this summer
Now that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning its full attention to construction of the 14-acre, mixed-use complex.
Developers need Greenwood’s OK for disputed land
Now that the Indiana Supreme Court has settled the lengthy Greenwood-Bargersville annexation battle, developer Mike Duke is ready to build on a 60-acre tract in the heart of the disputed territory.
Deal to redevelop Bank One garage full of twists, turns
The city of Indianapolis is finally poised to close, after three years of twists, a complex redevelopment deal on the 1,600-space former Bank One parking garage.
Indianapolis halts work on blighted historic building
The owner of the 1880 building located at 42 E. Washington St. was cited for doing unapproved work to the facade.
Indianapolis airport plan plays up money-making logistics
Growing cargo and logistics business overshadows such titillating concepts as solar farm, recreation campus.
Work begins on mixed-use Trail Side on Mass Ave
Construction began this week on Trail Side on Mass Ave, a four-story apartment and retail project by Riley Area Development Corp and Monument Realty.
LEADING QUESTIONS: Real estate maven keeps swinging
How does the owner of F.C. Tucker Co. rally the troops during the home-sales slump? How did his tour in Vietnam reset his course? Why is his desk always so clean? Talk to Jim Litten; he has answers.
Consumer confidence hits 3-year high this month
The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed.
Blockbuster selling movie-rental chain to creditors
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
Broad Ripple raising money to preserve historic buildings
A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
Indiana home sales and prices rise in January
The median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.
Midway Produce acquired by U.S. Foodservice
Founded in 1999, Indianapolis-based Midway Produce mostly distributes produce to restaurants, health care facilities and schools throughout central Indiana.
Judge tosses Noble Roman’s franchisee claims
Noble Roman's Inc. has won a pivotal courtroom victory in a battle with 14 former franchisees of its dual-branded Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
Airport could land $63M annually from land redevelopment
A consultant’s long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
Castleton Plaza seeks bankruptcy reorganization
Shopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter 11 filing follows a request to foreclose on the property from the center’s lender.
California investor losing grip on holdings
Blue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit Bank of America filed this month in Marion County.
Growth in farmers’ markets continues into winter months
The U.S. Department of Agriculture says there are about 900 winter farmers’ markets in operation—a 17-percent increase over the past two years. Two thrive locally, one downtown and one in Zionsville.