Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Real Estate
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Zionsville sells property near Creekside Corporate Park
After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
Downtown office market strengthening
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.
Local restaurant offering discount to legal gun carriers
Restaurateur Art Bouvier announced the discount Saturday night on Facebook shortly after a robbery at his Cajun eatery, Papa Roux.
Residential Real Estate: Marketplace
See the latest home sales statistics, the most expensive home sold last quarter, what you can buy for $1.25 million and more.
IU researchers say 2015 is banner year for housing sales
Buyer demand proved so strong this summer that Hoosiers bought 9,080 existing homes in June alone—the state’s second-largest one-month sales tally in the past 12 years.
Victorian shell with modern amenities inside
Chuck and Mary Williams wanted a house with an exterior that synced with the rest of their Old Northside neighborhood and an interior that boasted all the latest conveniences, including a modern, open floor plan.
Milhaus demolishing IPS property for $12.5M apartment project
The developer plans to begin tearing down the 17,200-square-foot Center for Instructional Radio and Television at 931 Fletcher Ave. yet this year and start delivering for occupancy the first of 82 total units in about 12 months.
City billboard suit spooks Montage on Mass developers
A federal suit filed by a local billboard firm claiming a recent U.S. Supreme Court decision makes the city’s sign ordinance unconstitutional has pushed discussion of another project’s electronic-mesh art display to next year.
Rising occupancies spur downtown-hotel building boom
Hotel developers emboldened by downtown’s escalating occupancy rate are poised to bring about 800 more rooms to the market.
Holdups delay razing of blighted properties with federal funds
Fewer than 15 of nearly 170 homes targeted for demolition have actually been razed since Lt. Gov. Sue Ellspermann and Indianapolis Mayor Greg Ballard kicked off the program in September 2014 and accepted nearly $6.5 million in federal funds.
Key lawmaker questions Pence’s road improvement estimates
Days after Gov. Mike Pence proposed a $1 billion rehab of state highways, House Roads and Transportation Chairman Ed Soliday raised questions about construction cost estimates provided by the governor’s administration.
Exec’s quiet exit leaves no Klipsch atop speaker maker
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
Area home deals drop again as prices rise, selection dips
Home-sale agreements in central Indiana slid for the sixth straight month in September as prices climbed and inventory declined, according to F.C. Tucker Co.
Roundup: Tappers, vintage clothing shop among Virginia Avenue openings
The Tappers retro arcade bar should open in the Slate mixed-use development on Virginia Avenue by the end of the year, while Vintage Vogue by Goodwill is set to move into space, also on Virginia in Fountain Square.
Wal-Mart shares plunge after it predicts big earnings decline
Wal-Mart Stores Inc. suffered its worst stock decline in more than 15 years Wednesday morning after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.
Noblesville approves incentives for $35M hotel development
A seven- to eight-story hotel and 20,000-square-foot conference center are part of the proposed mixed-use development at exit 210 just off of Interstate 69 in Noblesville.
Embassy Suites, restaurants part of $35M Noblesville project
A seven- to eight-story hotel and 20,000-square-foot conference center are in the works for a $35 million mixed-use development just off exit 210 of Interstate 69 in Noblesville.
Indy builders group hosting first downtown home show
The Builders Association of Greater Indianapolis will highlight five residences in some of downtown’s most unique neighborhoods. The show begins Oct. 15 and runs through Oct. 25.
City block in Fountain Square on the market
The seven parcels on Prospect Street, which are available for a total of $1.5 million, could attract the area's next big apartment development.