The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. Census Bureau figures show that almost 12% of homeowners with mortgages were late on their payments.
The struggling Indianapolis-based company lacks the cash to pay off a $153 million loan that comes due March 19. It also has been exploring out-of-court solutions.
MDG Salon | Studio owner Travis Moore said Thursday that the company’s downtown Indianapolis salon is closing, but the business will consolidate operations at MDG’s Carmel location starting March 1.
Indianapolis-based Kite Realty Group Trust beat analyst expectations with its financial performance in the fourth quarter despite a decline in revenue and funds from operations.
Retailer Old Navy will make a comeback at Glendale Town Center after a 15-year absence from the shopping center.
A wide-reaching alcohol policy bill would allow for curbside pickup of alcoholic beverages, plus carryout beverages at the new food hall at the Bottleworks development in downtown Indianapolis.
The retailer will offer its hourly employees as much as four hours of pay to get two doses of the vaccine, it said in a blog post Wednesday.
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 9, 2021: Briefs: — Ambrose Property Group has completed construction on a 206,000-square-foot industrial building in Monrovia, which Love’s Travel Stops plans to use as a distribution and tire retread center. Love’s thus becomes the first occupant of the 555-acre Westpoint Business Park at […]
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 2, 2021: Briefs: — Columbus, Ohio-based Condado Tacos plans to open its third Indianapolis-area location this summer at 12545 Old Meridian St. in Carmel. The restaurant will take the space formerly occupied by Indianapolis-based chain Stacked Pickle, which closed all of its locations last year. […]
The three owners of 4-year-old Witch Hazel say it needs more room to accommodate growth, despite the challenges posed by the pandemic.
Owners of the 64-year old business—which was founded as a discount jewelry store in 1957 by Robert and Rose Pallman—cited several reasons for the decision.
The developer expects demand from workers at large corporate campuses nearby, including those for Eli Lilly and Co., Indiana Farm Bureau and Anthem Inc.
If it becomes law, Senate Enrolled Act 148 would prevent all local governments from regulating any aspect of landlord-tenant relationships and would block tenant protections that the city of Indianapolis had put in place last spring.
The downtown Claddagh opened in 2000 and was the first location in a chain that at one time numbered as many as 17 locations around the Midwest. Most if not all of its locations have since closed.
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
Contaminated soil and groundwater at the former General Motors plant would be cleaned up under a plan to help open up the land for redevelopment.
Local restaurateur Terry Anthony said his goal is lure people back downtown and attract repeat customers. The Block opens Sunday in the historic Block Building.
Milhaus and Homefield are partnering to redevelop roughly 100 acres with a fieldhouse, water park, hotel, apartments, offices, commercial space and more. Whitestown officials might consider a new food and beverage tax to help fund the massive project.
Carmel-based Old Town Cos. is planning $80 million of residential and commercial development in Westfield’s downtown surrounding the city’s forthcoming Grand Junction Plaza. Updated plans include doubling Union Square and adding new townhouses.
The development would sit on undeveloped land at the southwest corner of College Avenue and 27th Street, about two blocks south of Fall Creek.
