Downtown YMCA reopens after crane accident
The YMCA at the Athenaeum Building had extensive water damage after a crane fell onto the building's roof Aug. 23. The crane burst a sprinkler line, sending water through much of the 1890s facility.
Real Estate
Articles
Former Hilbert mansion draws local interest in auction
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
Simon sees improving retail conditions, analyst says
Simon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
Simon Property wraps up $2.3B outlet mall acquisition
Under the terms of the deal, Simon paid about $700 million for the owners’ interests in Baltimore-based Prime Outlets and
assumed $1.55 billion of Prime’s debt and preferred stock.
Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
Groundbreaking nears for $4.5M apartment project
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
Best real estate agents get severe haircuts
One perspective shows top-selling teams working just as hard to sell 27 percent less.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
Bid deadline looms for former Hilbert mansion
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
Funeral company in 129th year keeps fresh perspective
Flanner and Buchanan Funeral Centers sometimes stretches the definition of “funeral” to stay relevant after nearly
130 years. The family-owned business began downtown and has grown northward along with the city’s population. Today,
it has 14 funeral centers and conducted 2,200 funerals last year.
Apartment developer S.C. Bodner sued over accessibility
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
INSIDE DISH: Iozzo’s endures heat of first year
In a first year filled with adjustments, fledgling restaurateur Katie
Harris of Iozzo's outlines lessons learned from the $350,000 start-up and fluctuating sales.
Strong Shoe Carnival profit beats estimates
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
Banks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
A half-century later, Indiana Landmarks returns to roots
Bankrolled by yet another multimillionaire, the historic preservation group is preparing to move into a new headquarters
in Old Centrum, a former church now undergoing a big renovation.
Repairs being made after Indianapolis crane crash
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
Penn Arts developer buys another historic Indy apartment building
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.
Couple makes home in Ulen mansion built by town’s founder
The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife
Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet “town within a town”
15 years ago.
Two reasons for optimism about a local housing recovery
Pending sales are shooting up this month, and list prices are edging up over the long haul, a broker notes.