Central Indiana home sales continue to trail 2013
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
Real Estate
Articles
Good Earth exits appeal of Broad Ripple project
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
Sun King plans $8.8M brewery, tasting room in Fishers
Homegrown craft-beer maker Sun King Brewing Co. plans to build a second production facility and tasting room in Fishers, adding capacity as it widens its reach. The Town Council will consider a $2.5M economic development deal Monday night.
Lender files to foreclose on downtown’s Villagio condos
First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it’s sold.
Navient donates site to relocate historic home
With the land donation, the Noblesville Preservation Alliance is now focused on raising the funds needed to move the Flanagan House from its current location to Navient’s campus on USA Parkway this fall.
Children’s Museum expands footprint
The Children’s Museum of Indianapolis plans to begin tearing down a nearby apartment building this month and is starting to explore options for the site that could include an outdoor attraction.
Regenstrief plans new $13M headquarters
Regenstrief, a not-for-profit medical research organization, plans to move 50 investigators, 165 staff members and a number of affiliated scientists into the building when it is completed in mid-2015.
Work set to start on Market Square tower in October
A commitment from anchor tenant Whole Foods took longer than expected, delaying the start date on Flaherty & Collins’ 28-story, $81 million apartment project.
Contractor gets probation in prevailing wage case
Indianapolis construction contractor David Roark was sentenced Wednesday in Marion County Court to two years of probation after he was accused of violating the state's common wage law.
TOLLIVER: Warehousing, e-commerce merging in Indy area
As consumers, our need for instant gratification has never been greater, as evidenced by the rise of e-commerce. Shopping online and receiving an order that same day or the next is replacing the expectations of old, when we received our orders in a week or so.
Hendricks County pitching motorsports skill, expertise to medical manufacturers
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
Area homebuilding permit filings down in July
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
Lender forecloses on two downtown office buildings
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county’s proposed criminal justice complex.
Mainstreet’s Turner to sell REIT in $2.3B deal
HealthLease Properties REIT, which is led by Mainstreet Property’s Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
Kite shares start trading under 1-for-4 split
Kite Realty Group Trust’s stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company’s split took effect.
Revitalization plan brings new homes to Crown Hill area
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
Roundup: Illinois Food Emporium sold; Snooty Fox update
The Illinois Street Food Emporium, a north-side staple for decades, has a new owner, while the owner of the Sahm’s chain dishes on his plans for the Snooty Fox building.
Noble Roman’s dough rises with higher profit, revenue
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
Browning/Duke building huge Plainfield distribution facility
The speculative building totaling more than 930,000 square feet will be constructed at the developers’ AllPoints Midwest industrial park.
Buckingham reignites plan for Lantern Commons project
Buckingham’s plans for the property at U.S. 31 and 161st Street in Westfield show a mix of retail and residential uses.