Sales of U.S. existing homes sink to 20-month low
The sharpest sales increase occurred among homes priced at $1 million or above. Sales fell in nearly every other price group.
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Articles
Removing false homestead exemptions to yield bonanza
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.
Update: New Buggs Temple tenant opening in May
One of the city’s largest caterers, Thomas Caterers of Distinction Inc., on May 2 will unveil Canal 337—a name taken from the temple’s address at 337 W. 11th St., along the Central Canal.
Simon posts strong quarter on higher mall occupancy
The nation’s largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
Broad Ripple landmark has new owner
Monon Housing Partners LLC bought what’s known as Mustard Hall near the southeast corner of Broad Ripple and Guilford avenues and is seeking tenants for the building.
Craft beer chain to open $2.5M Broad Ripple location
Called HopCat, the bar will anchor the long-vacant corner space in the Broad Ripple parking garage on the southwest corner of College and Broad Ripple avenues.
Court approves $26M acquisition of Indiana Limestone
Indiana Limestone president Duffe Elkins said the business is expected to reopen and rehire workers after the new ownership takes charge.
Brokers fear criminal justice complex could harm downtown
City officials and real estate professionals debated on Thursday the pain from moving jails, courts and other criminal justice functions to a proposed complex outside of downtown.
Wal-Mart jumps into the money-transfer biz, loudly
The world's largest retailer introduced a new money-transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.
Banks whittle down Indy-area branches
Since January 2013, banks have closed 35 branches in Marion County and surrounding counties but have opened only six new ones.
Chatham Tap crew buying ex-church for brewery, restaurant
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
Mainstreet aims to help finance nursing home through crowdfunding
Mainstreet Property Group LLC plans to launch a new round of private placement fundraising on April 21 using a website run by Oregon-based CrowdStreet Inc. and a mix of traditional advertising in central Indiana.
Report: State political leader had millions on the line
Documents show House Speaker Pro Tem Eric Turner earned nearly $8 million selling nursing homes in the last two years and stands to earn between $1 million and $2 million on projects now being developed, thanks in part to legislation he helped block this year.
Landmark restaurant nears reopening after fire
Donna Tracy said her family is on schedule to reopen the Bluebird Restaurant in the Shelby County town of Morristown on April 28.
Indianapolis office market shows rise in occupancy
The improvement was sparked by growing occupancy in the suburban office market, where the vacancy rate fell from 20.3 percent to 18.2 percent.
New downtown restaurant lands Bluebeard culinary whiz
The owners of Westfield’s popular Local Eatery and Pub are opening a new restaurant in the Ambassador building. Its kitchen will be captained by the former co-executive chef of Fletcher Place hotspot Bluebeard.
BECKER: Indianapolis transit hub will redeem eyesore
Buses get no respect. Romance clings to the rails and to the grand stations that serve them. When you take a train, you may well find yourself in a replica of a Greek temple or the Baths of Caracalla.
Indianapolis architectural salvage yards still in the hunt
The recession and lingering uncertain construction market put the shops through a withering shakeout, but several have found ways to thrive.
City christens Market East cultural district downtown
The area—roughly 14 square blocks—anticipates a passel of new development on and around the former site of Market Square Arena.
Existing-home sales slide for seventh straight month
Home prices rose, however, as inventory dwindled. The average area home price in March was $161,191, an increase of 6.1 percent compared with the same month of 2013.