Indiana lawmakers back limits on short-term rental rules
Legislation limiting regulation of short-term rentals by local governments has been approved by Indiana lawmakers and is on its way to Gov. Eric Holcomb's desk.
Real Estate
Articles
Buyers of east-side relic proposing $30M redevelopment for schools
The long-vacant P.R. Mallory building on East Washington Street is closer to becoming occupied, after plans to bring the Purdue Polytechnic High School there stalled over higher-than-expected renovation costs.
Walmart plans expansion of meal kits into more stores
The move puts the world's largest retailer in direct competition with meal-kit companies such as Blue Apron and HelloFresh.
Indy Tire & Auto Service takes on new name
Indianapolis-based Indy Tire & Auto Service has a new name: Best-One of Indy.
Cushman & Wakefield names new office leader
Timothy Michel assumes the role of managing principal from Chris Yeakey, who had served in the position since November 2015.
Invesque picks up 14 medical office buildings in $142M deal
The deal includes a portfolio of 545,000 square feet of medical office space in New York, Florida and Canada, occupied by more than 400 physicians’ practices.
Mounds Mall in Anderson closing after 53 years in business
The very first enclosed shopping center developed by mall giant Melvin Simon & Associates is shutting down at the end of the month. The looming closure of anchor tenant Carson’s was the last straw for the struggling property.
Angie’s List becomes largest tenant in renovated downtown building
As part of its local downsizing, Angie’s List has signed a lease to occupy four floors of a historic downtown building, becoming the largest tenant in the 12-story office tower.
Developer lands tax credits to help save historic church
The local developer has been awarded nearly $900,000 in incentives for a senior housing project in Cumberland that will be built near the church, which was once slated for demolition.
Planned movies-and-bowling venue won’t open in Carmel after all
Kite Realty Group Trust’s plan to bring a movies-and-bowling entertainment venue to help fill big vacancies at Hamilton Crossing Centre appears to have fallen through. In 2016 Kite was moving forward with plans to bring a Frank Theatres CineBowl & Grille to Hamilton Crossing, a Carmel retail development that sits east of U.S. 31 along […]
Construction tech-services firm expanding HQ, adding 56 workers
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.
Memory Bank: Looking up Indiana Avenue
This photograph from the 1940s shows a view of Indiana Avenue looking northwest from Ohio Street, with Sacks Bros. Loans to the left and a Firestone service station to the right. At that time, Indiana Avenue ended at Ohio Street. But the street was shortened by one block in 1982 for construction of what was […]
Walmart sets age of 21 to buy firearms, ammunition
The move comes after Dick’s Sporting Goods announced earlier in the day that it would restrict the sale of firearms to those under 21 years old.
Best Buy to close its small-format mobile phone stores
The consumer electronics retailer is shutting down 250 small-format mobile phone stores in the United States, including two in the Indianapolis area.
Biglari works his critics into an uproar—again
Sardar Biglari might talk a good game about being a champion of shareholders, but his biggest critics view him as a hypocrite—thanks to a series of moves that furthered his control over the business, the latest of which has spurred one lawsuit and seems sure to spark others.
$15.3M Walker Theatre rehab to return shine to community gem
A three-way partnership substantially brightens the future of the venue, which has offered minimal programming in recent years and badly needs upgrades.
Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
Dick’s ending sales of assault-style rifles in stores
Dick's Sporting Goods, a major U.S. retailer with eight stores in the Indianapolis area, said it will immediately halt sales of assault-style rifles and high-capacity magazines at all stores and ban the sale of all guns to anyone under 21.
Starbucks says empty storefronts are leading to lower rents
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Papa John’s to end NFL deal as new CEO confronts sluggish sales
The NFL partnership has been strained since Papa John’s founder John Schnatter slammed the league in November, saying that declining ratings had hurt sales. He also said that Commissioner Roger Goodell mishandled the national anthem controversy.