Indy housing market stumbles to glum milestone
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
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Couple revamps old roadside motel into apartments
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
Liquidation not needed, developer HDG Mansur tells court
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
Year wait expected for start of Wigwam work
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
Downtown office vacancies force landlords to get creative
A downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.
Plaza being built near state fairgrounds coliseum
Crews have started building a $2 million pedestrian plaza next to the newly renovated Indiana State Fairgrounds Coliseum.
Unauthorized demolition of historic home sparks lawsuit
Indiana Landmarks is going to court over the unauthorized demolition of a historic home in Fall Creek Place that likely was built in the 1890s.
HHGregg hires former Marsh exec as CFO
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
Community Health buys Hilton North for redevelopment
The hospital network will close the 221-room hotel along the Interstate 69 corridor by the end of the year and will begin exploring redevelopment opportunities to meet the growth of the network.
Kroger quarterly results beat market expectations
Kroger Co., the leading grocer in Indianapolis in terms of market share, on Thursday reported earnings of $347 million in its fiscal second quarter, exceeding analyst expectations.
Change in architects delays Red Cross building project
A decision by the organization’s national headquarters to replace Schmidt Associates with a Chicago firm could end up delaying the start of construction by about a year.
Simon Property CEO says ‘no deal’ in Australia after report
The Australian reported that Indianapolis-based Simon may bid for CFS Retail, potentially keeping CFS’s premium shopping centers and selling second-tier properties.
Hilton boutique hotel slated for renovated Consolidated Building
Plans call for a 102-room Home2 Suites by Hilton to be built in what’s known as the annex of the Consolidated Building, at the rear of the vacant, 15-story structure on North Pennsylvania Street.
Milhaus alters design to win condo project approval
The local developer hopes to start construction by the end of the year on an 84-unit condo development to be built on a one-acre parcel bounding 10th and 11th streets in Chatham Arch.
Hardware association investing $4M to move downtown
The Indianapolis-based North American Retail Hardware Association bought a building on North Delaware Street downtown and will move its headquarters there following an extensive renovation.
Bank to give homebuyers $15K for down payments
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
Shapiro’s to open restaurant in Fashion Mall
The 4,200-square-foot restaurant will be about 60 percent smaller than Shapiro’s downtown flagship location, but will carry most of the same menu items the deli is known for, plus some new ones.
Two downtown office towers changing hands
The 36-story Regions Tower is selling in a negotiated transaction, and the 30-story Market Tower is getting a new owner via a loan default. They are among downtown’s largest office complexes.
Indiana Legion set to dedicate new headquarters
After 88 years in its current downtown Indianapolis location, the group is marking its move from downtown to the former Fort Benjamin Harrison in Lawrence.
Roundup: Libertine moving to Mass Ave; new Burgerhaus, City Barbecue
The swanky Libertine Liquor Bar on East Washington Street will relocate to Massachusetts Avenue and share space with another Neal Brown-operated establishment.