Articles

Lakes of Carmel apartment complex sold

The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.

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Area homes sales rise for 11th straight month

Purchase agreements in the nine-county area increased 4.9 percent over March 2011. Existing home sales were up 13.3 percent in the first quarter of 2012 and have recorded year-over-year improvements for 11 straight months.

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PROXY CORNER: Kite Realty Group Trust

Indianapolis-based Kite Realty Group Trust is a real estate investment trust, engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.

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EDITORIAL: Silver linings to April’s slow start

The Indianapolis jobs picture is brighter than previous reports indicated. Revised data provided by the federal Bureau of Labor Statistics last month revealed the metro area had about 15,000 more jobs than previously reported and ended the year on a roll.

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