Longtime builder Davis Homes acquired by Fort Wayne-based investment firm
Indianapolis-based Davis Homes, which has roots dating to the 1950s, is one the largest residential builders in central Indiana.
Real Estate
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Simon reports eight-year high in shopping mall occupancy rates
Indianapolis-based Simon Property Group Inc., the largest owner of malls in the United States, said it signed a record number of leases in 2024.
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Henke planning 1,110-acre residential development in Noblesville
Gatewood Lakes would be developed north of Noblesville’s Innovation Mile business and technology hub and east of Ruoff Music Center.
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Downtown YMCA location to close in March
The organization’s CEO wrote in an email to members that the decision was made to balance the organization’s long-term sustainability with member needs.
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Downtown Homewood Suites hotel sold for $18.7M, renovations planned
The purchase marks the first downtown hotel property for MHG, which has nearly 20 other properties in central Indiana, Missouri and Florida, and nine other projects in its development pipeline.
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Articles
IU added to $2B suit over resort trade secrets
An Indianapolis partnership alleges one of the university’s professors and five former students interfered with contracts for a business development project in Puerto Rico.
Economic enhancement district fee headed toward spring tax bills. Here’s what it will pay for.
Downtown Indy Inc. and the nine-member Downtown Economic Enhancement District Board of Directors have proposed a $4.53 million budget for 2025.
Q&A with Adam Hill: Development firm CEO keeps his team focused
Hill, who was a first-team All-American point guard and conference player of the year at Huntington University, spoke with IBJ about his goals for LOR Corp.
Central Indiana homebuilders close out big year with strong December
Central Indiana residential builders saw a surge in demand for new homes as 2024 came to a conclusion, making the year one of the strongest the industry has seen over the past two decades.
Royal Pin to merge south-side entertainment venue Greatimes with Expo Bowl
The consolidation of the two south-side venues does not include the outdoor attractions at Greatimes, including two miniature golf courses and go-kart racing.
Developer considering apartments at Irvington Plaza, but community leaders want ‘clarity’ on plans
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
Joella’s Hot Chicken closes Broad Ripple restaurant along White River
Joella’s had served spicy tenders and wings at the Broad Ripple Avenue location since 2018.
Former Beech Grove grocery site likely to become home to plumbing trade school
The property was occupied by a Marsh Supermarkets store from 1960 to 2017 and then a Safeway from 2017 until about 2020.
Hancock Health leads development of 160-acre mixed-use campus
The health care company has expanded its reach over the past seven years to become a master developer for a sprawling project on the south side of Interstate 70 in western Hancock County.
Cities seek limits as out-of-state investment firms gobble up homes
Communities across central Indiana are taking notice as out-of-state investment companies continue to increase their market share of single-family houses and convert them to rentals.
Existing home sales in 2024 fell to lowest level in nearly 30 years
Elevated mortgage rates, rising home prices and limited inventory have kept prospective homebuyers out of the market.
Housing advocacy groups see hope in bipartisan evictions legislation
Advocates say the legislation will help reduce the harm eviction filings can have on renters seeking housing, particularly in Marion County where the eviction rate is high.
Local flight school looking for new spot after eviction notice from Greenwood airport
Jeff Air Pilot Services LLC said Thursday it was notified last week of the city’s plan to terminate its lease in March after 14 years of operation at the airport.
Chatham Home furniture and gifts store to exit downtown for Carmel
In business in the Mass Ave neighborhood since 2011, Chatham Home is aiming for a July opening in Carmel’s Arts & Design District.
Beautification project to bring updated entrances to Indiana State Fairgrounds
Beautification and renovation projects totaling about $39 million are in the works for entrances to the Indiana State Fairgrounds.
Hogsett team remains upbeat as MLS discussions grow quiet
There’s been little public movement on the pursuit of a Major League Soccer club since the city last August asked the state to create a new taxing district to pay for a soccer-specific stadium.
La Margarita restaurant to move to Factory Arts District
The Mexican eatery will serve customers at the Murphy Art Building through Feb. 8 before moving. A March opening is planned at Factory Arts District.
Existing-home sales in central Indiana finish 2024 with December surge
Closed existing-home sales in the 16-county area rose only slightly from 2023 to 2024 despite a strong finish to the year.
Purdue unveils first plans for $187M Academic Success Building in Indianapolis
Purdue University’s new multi-use building planned for the northwest corner of Michigan and West streets in Indianapolis is expected to rise 15 stories and open in 2027.