City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Real Estate
Articles
Old county jail up for auction in central Indiana
The tan brick building on the courthouse square in downtown Lebanon was the Boone County Jail from 1938 until 1992.
Roundup: La Mulita, Artisano’s, Tinker Street
La Mulita, a cantina-style restaurant, is moving into the SoBro building that houses Delicia, Artisano’s is taking the last available space at Nora Shops West, and Tinker Street is expected to open this summer on East 16th Street.
Lawmaker Turner worked to nix nursing home ban
A powerful House Republican secretly lobbied colleagues in the final hours of the 2014 session last week to kill a measure that would have been disastrous for his family's nursing home business.
Council backs city financing plan for $81M tower
The Indianapolis City-County Council voted 18-9 Monday night to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the 28-story building live in Marion County.
Home-remodeling firm giving new life to vacant Carmel center
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
Home-sale agreements continue disappointing trend
Pending home sales in the nine-county area slid 22.8 percent in February compared with the year-ago period. That was only a slight improvement from the 31-percent fall recorded in January.
Indiana Limestone wins court approval for auction
The owner of Indiana Limestone Co. has received court approval to hold an April sale to see whether there are any better offers for virtually all its assets than the $26 million bid by lender Indiana Commercial Finance LLC.
Cinnabon, Orange Leaf target of local lawsuits
Franchisees of the national chains are accused of breaking lease terms. Cinnabon allegedly owes thousands of dollars in back rent and Orange Leaf never occupied the downtown space it said it would.
Compromise bill allows state to spend $200M on interstates
The House passed the compromise bill 95-4, even as a number of lawmakers – including Democrats – complained that the legislation doesn’t include any money for local roads.
Palladium construction lawsuits costing panel millions
The cash-strapped Carmel Redevelopment Commission has spent more than $6 million since 2009 “responding to, defending and settling” legal claims from contractors involved in construction of the city’s Palladium concert hall.
Toyota dealers trying to stop Ed Martin’s relocation
Butler Auto Group has been selling Toyotas in Indianapolis since 1966. Ed Martin Auto Group has been selling Toyotas in Anderson since the 1980s. So when Toyota Motor Sales USA recently allowed Martin to move its dealership 20 miles west, to Noblesville, Rob Butler started seeing red.
Washington Square’s woes leave it at bottom of heap
The east-side mall's occupancy has fallen to 43.8 percent, down from was 86.6 percent in 2011 and 77.2 percent in 2012.
UPDATE: Mayor picks GM site for criminal justice complex
Mayor Greg Ballard will recommend that a proposed criminal justice complex be located on the former GM stamping plant on the western side of downtown—not the airport property that ranked highest in a market study.
U.S. retail sales rebound after two slow months
Retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture, the Commerce Department said.
Downtown senior housing project awarded tax credits
In the latest round of awards, TWG Development LLC received $836,756 in federal credits to help finance a $9.6 million senior-housing project at 1352 N. Illinois St.
Village of West Clay developer suspending operations
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
UPDATE: Anderson schools extend Wigwam gym deadline
The Anderson Community School Board is holding off demolition plans for the district's Wigwam gymnasium and giving more time to leaders of an effort trying to save it.
Lawmakers getting closer on nursing home moratorium
House Public Health Chairman Ed Clere said Tuesday that negotiators had found a compromise that would ban new construction for two years except in counties whose nursing homes are at 90-percent capacity or higher.