Lugar, Meadows projects get tax credits
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
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Articles
Prosecutor drops arson charges in Cosmopolitan fire
Homeless man Brandon Burns had been accused of setting the massive blaze.
Local firm’s Carolina development slides into bankruptcy
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.Group rounds up business help for Census
As deadline day arrives, the Indianapolis Complete Count Committee is encouraging area companies to provide funding for local
marketing and events
designed to encourage citizens to fill out their Census forms.Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Indiana closer to eliminating anti-smoking agency
The plan approved by the Republican-controlled Senate would transfer the duties of the Tobacco Use Prevention and Cessation
board to the State Department of Health.Cincinnati investors buy apartment complex anchored by mansion
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.Forty Under 40: Recipients
Current and past recipients of IBJ‘s annual Forty Under 40 recognition.
Apartment developer investing $100M in Hamilton projects
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.LOU’S VIEWS: A tour winds down while local talent gears up
“The Color Purple” tour visits Clowes Hall while “New Beginnings” offers next-generation Broadway songs.
Failed Charlotte skyscraper brings Indianapolis developer back to earth
The Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas, with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.Apartments near downtown canal slated for rehab
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.Adjacent Central Canal parcels go on the market
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.Carmel arts foundation adds directors; Stutz names residents
The Carmel Performing Arts Foundation has appointed its first independent board members, Rollin Dick and Rosemary Waters.
In downtown Indianapolis, two local artists will receive free studio space in the Stutz Building
for the next year.Senior Open doing better than par-WEB ONLY
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket and sponsorship sales for the tournament remarkable. With less than a month until […]
Economy takes toll on golf spending, but Senior Open on course for profits
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet
their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket
and sponsorship sales for the tournament remarkable.$65M downtown development deal raises questions
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.$65M deal raises questions
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations center, surface parking lots and an adjacent parking garage from a private owner for $18.5 […]
Recession slows the creation of a self-contained Boone County community
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.