Apartment construction drives U.S. homebuilding surge
U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters.
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Ambitious development plans start to take root near Lucas Oil Stadium
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
Suit over Simon tactics details Ann Taylor arm-twisting
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
Indianapolis-area homebuilding activity shows June jump
Builders filed 530 single-family permits in the nine-county metropolitan area in June, the Builders Association of Greater Indianapolis said Thursday. That's a 9-percent increase from June 2014.
Openings: B Spot Burger, Repeal, Scotty’s latest creation
Ironworks at Keystone will boast a new-to-Indy burger joint this month, as a tea shop pours into the nearby Fashion Mall. In Fletcher Place, the new restaurant Repeal harkens back to 1933.
Central Indiana home deals experience June swoon
Central Indiana home-sale agreements slid 4.8 percent in June, the third time in four months that deals have fallen, according to a report released Tuesday by real estate agency F.C. Tucker Co.
Vacant IPS buildings draw bids from developers
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
U.S. retail sales droop as consumers stay cautious
Retail sales fell 0.3 percent in June, the Commerce Department said Tuesday, the weakest showing since February's harsh winter weather kept shoppers indoors. The weak spending was broad-based.
South Bend real estate firm launches local office
Bradley Co. has entered the market by bringing on board David Reed, who launched another firm’s office in Indianapolis before it became part of a large multi-brokerage acquisition.
Indy’s director of development leaving for IU gig
Adam Thies will leave the position he’s held since 2012 to join the university as its assistant vice president for capital planning and facilities. Thies starts his new job Aug. 17.
Westfield gateway development to include four-story hotel
A development on the southwest corner of U.S. 31 and State Road 32 in Westfield could include a four-story hotel and several other retail buildings.
$17M Marriott hotel in works near Lucas Oil Stadium
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
City’s callout for theater savior gets chilly reception
The city’s attempt to find a partner to manage and redevelop downtown’s historic Indiana Theatre building attracted just one proposal.
Hotel to pioneer unique training program for people with disabilities
An Indianapolis not-for-profit is readying to open a 150-room Courtyard by Marriott in Muncie billed as a first-of-its-kind teaching hotel for people with disabilities.
Two newcomers aim to carve out share of crowded steakhouse market
Can downtown handle a dozen high-end temples for red meat? Indianapolis already is the eighth-most carnivorous city in the country.
How Biglari shielded himself from another proxy battle
Sardar Biglari was able to use shareholder money to boost his voting power to nearly 50 percent.
Subway planned to rebrand Fogle as family man before raid by FBI
Before federal investigators raided the Zionsville home of Subway spokesperson Jared Fogle on Tuesday, the company was in the midst of rebranding him to revive stagnant sales.
Rendering offers vision for vacant Irvington lot
The vacant lot along East Washington Street that Irvington officials are marketing for redevelopment has yet to attract any offers. But an architect’s rendering is giving residents an idea of what could be built there.
Castleton Park acquired by New York real estate investor
One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
Subway suspends ties with spokesman Fogle after raid
“Subway and Jared Fogle have mutually agreed to suspend their relationship due to the current investigation,” the sandwich chain said Tuesday in a written statement. The separation is jarring because the 37-year-old everyman has become a familiar face around the world.