Fishers to buy $3.1M building for co-working program expansion
The city of Fishers is proposing to purchase a new building for its entrepreneurial co-working space that would triple the size of the facility.
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Indiana Senate backs repeal of construction wage law
Senators voted 27-22 Wednesday to support eliminating the boards that set wages for state or local projects costing more than $350,000.
IU Health to locate new Bloomington hospital near IU campus
Indiana University Health plans to construct a new hospital in Bloomington four or five years from now, the Indianapolis-based hospital system announced Wednesday, after striking a deal with Indiana University to build on the school’s golf driving range.
Central Indiana home sales slip after two monthly gains
Transactions involving existing homes fell in March by 1.8 percent, after rising the first two months of the year.
Senate rejects proposed changes to construction wage bill
The Republican-controlled Senate defeated several proposed changes Tuesday to a measure that would repeal the state's construction wage law.
Longtime developer Alig charged with 20 felonies
A Marion County prosecutor’s affidavit accuses the Mansur Real Estate Services co-founder of receiving $340,000 from several victims through a securities fraud scheme.
Chamber, neighborhood group endorse justice center
The organizations see the controversial, $1.6 billion project as a catalyst for redevelopment downtown. A City-County Council committee is set to weigh the proposed development deal Tuesday night.
Small Broad Ripple condo project causing big concerns
The developer has trimmed the project west of College Avenue along the Central Canal from five units to three. But that has not enough to appease neighbors who say it’s too large for the property.
Senate stalls discussion on repeal of construction wage law
Indiana Senate leaders on Monday delayed discussing a proposal that would repeal the state's law that sets wages for public construction projects. Republican Senate President Pro Tem David Long said lawmakers need more time to consider 27 proposed amendments.
Sears to gain $114 million from real estate pact with Simon
Sears will transfer 10 properties valued at $228 million to a company that it will own jointly with Indianapolis-based Simon Property Group, the companies said Monday.
Fishers considers $76M sports facility in Saxony
The facility’s developer wants Fishers to enter into a 20-year lease for specific usage rights that would cost the city $805,000 annually. It also seeks a 10-year tax abatement and a waiver of impact and permit fees.
Justice center plan needs additional bid process for key offices
The proposed criminal justice center deal before the Indianapolis City-County Council will be just the first of at least two long-term, multi-million dollar contracts. A second is expected to increase total construction costs by $35 million to $54 million.
Renderings: Milhaus’ Park 10 condos
The local developer’s Park 10 project in the Chatham Arch neighborhood will include 84 units and is one of just a few condominium developments in the works for downtown, as apartments continue to dominate the market.
Biglari sticks it to critics after shareholder victory
Sardar Biglari conceded nothing after beating back a campaign to oust him and the five other directors of Biglari Holdings Inc., which owns Steak n Shake.
Senate OKs bill to renovate Carroll Stadium for Indy Eleven
A bill that would provide $20 million to help expand and renovate Michael Carroll Track and Soccer Stadium at IUPUI for the Indy Eleven soccer team passed the Indiana Senate on Thursday.
Entrepreneurs hope to build residential real estate empire through crowdfunding
Jacob Blackett and Sterling White buy rental houses. Through their 6-month-old firm, Holdfolio, the 24-year-olds plan to bundle them and sell investors equity stakes in the portfolio through a Web-based platform.
Ambitious Browning stayed for civic work
Michael Browning never envisioned he’d still be in Indianapolis after arriving nearly 40 years ago from South Bend. But the Detroit native and University of Notre Dame grad bought a business here and became one of the city’s biggest developers.
Hospital frugality drives health property shake-up
Instead of building new medical office buildings, cost-conscious Indianapolis-area hospital systems have the past few years opted for space in existing buildings.
‘Spite strip’ sidelines prime 13-acre parcel
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Justice center bidding process yielded single eligible firm
After running a closed-door procurement in which the three bidders were allowed to shape the city’s final requirements for building the Marion County Justice Center, two proposals came in above the city’s ceiling payment of $50 million for the first full year.