New year opens with fewer existing-home sales, higher prices
Home sales in central Indiana got off to a slow start in 2025, with a January snowstorm likely cooling off the pace of transactions.
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Pittsboro advisory commission recommends data-center rezoning request
A Denver-based company is seeking to build a data center campus on about 285 acres of the 626-acre property.
Local flight school landing in Shelbyville after losing Greenwood lease
Jeff Air said it will begin moving to Shelbyville Municipal Airport on March 15, with full flight school operations resuming April 1.
Fishers City Council hears plan for cap on single-family rentals, registration program for landlords
The plan calls for limiting the percentage of single-family rental units per subdivision and require landlords to register rental houses and town houses with the city.
Photos: Downtown’s luxury InterContinental hotel opens after $110M rehab
The 170-room luxury hotel at 17 W. Market St., made its public debut Monday following a rehabilitation project to the historic building that began in 2018.
IBJ Podcast: Marsh Davis on a career saving Indiana landmarks, bringing right people to the table
The outgoing president of Indiana Landmarks discusses the value of historic preservation, its influence on Indianapolis, the projects that stand out over four decades and the one that got away.
With InterContinental and Aloft now open downtown, what’s next in the hotel pipeline?
More than $1 billion in hotels and associated projects is under construction or set to begin in the next 12 months. Another several hundred million dollars’ worth of investment is under consideration or in the planning stages.
Legislation targeting squatting gains momentum
Depending on whom you ask, such bills are a solution in search of a problem or an important tool in combatting property problems caused by scammers and the homeless.
US existing-home sales drop back again with mortgage rates at 7%
The drop in sales comes after the longest stretch of gains since late 2021, which offered some hope that home buyers and sellers were getting used to high mortgage rates.
Lou Malnati’s to close all Indianapolis-area pizzerias
The Northbrook, Illinois-based chain will keep restaurants open in Crown Point and Schererville.
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
Circle Centre restaurant Nada to close
Nada opened in 2016, taking over 8,500 square feet previously occupied by Circle Centre Mall anchor tenant Nordstrom.
Devington Plaza task force unveils ideas as residents, developer look for path forward
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Lebanon planning board to review designs for Lilly’s $4.5B foundry at LEAP District
IMAGE GALLERY: The 200-acre Lilly Medicine Foundry is expected to add 400 full-time jobs for highly skilled workers, including engineers, scientists, operations personnel and lab technicians.
Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including a pair of stores in Indianapolis.
UPDATE: Crafts and fabric retailer Joann closing 533 stores nationwide
The retailer’s closure list includes 20 stores in Indiana, including a pair of local stores.
Carvana announces 200-job expansion at Plainfield site
Arizona-based used-car retailer Carvana says it intends to add inspection and reconditioning services at its auto auction site in Plainfield to establish what it calls a Megasite.
Westfield City Council approves Grand Universe development plan
Plans call for the proposed $1.2 billion development east of Grand Park Sports Campus to include a full-dome planetarium, hotel, retail, offices and multifamily housing.
Planned practice center aims to help Fever keep up with WNBA competitors
Six other WNBA teams have opened or announced plans for dedicated practice facilities. Fever parent Pacers Sports & Entertainment, which is majority-owned by Herb Simon and his family, plans to invest $78 million in the Fever facility.
Grand Park Sports Campus realizing financial potential as new district awaits
The sports complex, which is set to embark on a major entertainment and business district, now generates enough tax-increment-financing revenue to fully cover its debt payments.