U.S. home sales fall off on decline of first-time buyers
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month. But over the course of the entire year, sales fell 3.1 percent.
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Trucking company buys former off-airport parking land
Knight Transportation paid $4 million for the site in Plainfield and plans to build a driving school where a parking firm once operated before it was purchased last year by a competitor.
IU Health on course to spare Methodist, close University
All signs point to University Hospital’s being shuttered as Indiana University Health goes from three downtown hospitals to two.
Developer bets $40M on mixed-use project near IUPUI
A West Lafayette firm plans to construct an 11-story downtown apartment and retail project that would add to the growing number of housing developments targeting IUPUI students.
Owners of Mexican restaurant chain charged with felony theft
The owners of a popular chain of Mexican restaurants have agreed to plead guilty to criminal theft charges and forfeit $4.53 million for failing to report accurate sales figures to the state.
Vacant downtown lot where temple once stood finally sells
John Watson of Core Redevelopment bought the site at the southeast corner of 10th and Delaware streets and plans to build a small office and residential project on the property.
Key lawmaker sponsors bill to allow Sunday alcohol sales
House Public Policy Committee Chairman Tom Dermody of LaPorte has authored the bill that would allow Indiana groceries, pharmacies and liquor stores to sell alcohol on Sundays from 10 a.m. to 6 p.m.
Boyce promoted to chief exec at Defender Direct
Indianapolis-based Defender Direct Inc. has promoted president Jim Boyce to president and CEO, the residential security company announced Wednesday. Founder and CEO David Lindsey becomes chairman of the board.
U.S. homebuilders have best year since 2005
For all of 2014, U.S. builders started construction on 1.01 million new homes and apartments. It was the first time construction has topped 1 million since the height of the housing boom in 2005.
REIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
Update: Giordano’s targeting more than one Indy location
The CEO of the Chicago-based pizzeria says he’s scouting downtown locations and hopes to have a lease signed within the next three months.
Frisch’s alleges ex-treasurer embezzled $3.3M
The company that owns dozens of Frisch's Big Boy restaurants in Ohio, Indiana and Kentucky alleges a former assistant treasurer stole an estimated $3.3 million in a multiyear embezzlement scheme.
Feuding Hoosier Momma owners settle lawsuits
The legal battle among the owners of Hoosier Momma LLC has quietly been settled, which has led to the departure of Erin Edds, the founder who concocted the popular Bloody Mary mix.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
Sprawling industrial complex near Cottage Home attracts buyer
Teagan Development has agreed to buy the 539,000-square-foot building near Mass Ave and the Monon Trail and plans to convert some of the space into restaurant and retail uses.
Monument caretakers fending off water
Keeping water out of the 114-year-old limestone monument has required some major repairs since 2009.
Bill seeks to limit referendums to general elections
Lawmakers raised questions and community leaders testified against a bill that would require that referendums for school and government construction projects occur only during general elections every other year.
Owners of popular Greek restaurant turning 1920s warehouse into event center
Taki and Jeanette Sawi of Santorini Greek Kitchen, in Fountain Square, are branching out to open a large banquet facility in a nearly century-old warehouse on the southwestern edge of downtown just across the White River and not far from Lucas Oil Stadium.
Convenience chain going upscale as it plots new stores
Anderson-based Ricker’s new gas station and convenience store at 146th Street and Carey Road in Westfield offers made-to-order burritos and self-serve frozen yogurt. The Anderson-based company plans to use the Westfield site as a model for its next generation of stores.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.