Ex-investors plead guilty to mortgage fraud
Two former real estate investors have pleaded guilty to federal charges that they set up straw deals to obtain inflated
mortgages on more than 100 Indianapolis houses.
Real Estate
Articles
Shopping center vacancies continue to climb
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven’t been able to dodge.
City approves new CVS store
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69.
Underage alcohol program nabs 370 retailers
An Indiana State Excise Police initiative that uses underage customers to catch retailers selling alcohol to people under
age 21 netted more than 370 violations across Indiana in only three months.
Grocery, housing projects could rejuvenate stretch of 16th Street
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
Firms line up to find new uses for old airport terminal, other properties
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
Kroger ads in Star grab attention, raise eyebrows
A new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news
content begins.
Industrial real estate holding up during downturn
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
Green year for city hall, businesses
It’s been a year since Republican Mayor Greg Ballard launched the City’s Office of Sustainability. On Oct. 6,
Ballard and his sustainability director, Karen Haley, outlined accomplishments in the first year.
Proposed Fishers medical park faces uncertain demand
The business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
Around Indianapolis restaurant roundup
Several new restaurants are planned for the Indianapolis area.
Many retailers report September sales declines
Early September reports from retailers show sales are still falling for many amid worries about jobs and tight credit, but
many of the results came in better than expected.
Controversial downtown project to get tax abatement
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
‘Makeover’ making another trip to central Indiana
Popular ABC show ‘Extreme Makeover: Home Edition’ is returning to central Indiana.
Cabela’s puts Greenwood property up for sale
Cabela’s is selling the land on which it had planned to build a store in Greenwood.
Proposed Fishers medical park faces uncertain demand
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Indiana property owners to save more than expected
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Fishers officials propose huge medical park
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10
Wednesday
night at the town’s regular council meeting.
New Circle Centre display promotes Indy attractions
A formerly lifeless stretch of wall on the northern edge of Circle Centre mall is now an engaging tribute to three of the
city’s most notable attractions.
Recession-stung stores plan old-fashioned holidays
Stores are turning back the clock, conjuring images of hearth and home as they stock their holiday merchandise. Retailers
hope embracing holiday traditions from cozier times will tempt recession-weary consumers to open their wallets in a season
expected to show flat sales at best.