Online retailer Newegg plans big distribution center
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
Real Estate
Articles
Mall owners go from first to last in REIT market
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
Noblesville to developers: Pay fee, cut open space near parks
Common Council members this month approved changes in the city’s land-use law that will allow residential developers within a half-mile of public parks to set aside less property as open space—for a price.
Marsh Supermarkets, former CEO spar over attorney fees
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
Update: Developer gets OK to build Chatham Arch homes
Daniel Jacobs plans to break ground in the spring on the first of three million-dollar houses to be built at the northeast corner of East North Street and North Park Avenue.
Fourteen at flea market face counterfeiting charges
Indiana State Excise Police seized thousands of counterfeit items at White's Sale Barn in Brookville, about 75 miles southeast of Indianapolis.
Irvington groups closer to saving local landmark
The Irvington Development Organization and Irvington Historical Society have received a $50,000 state grant to help repair the former post office building and make it marketable to a potential buyer.
Two troubled downtown office buildings turn tenants’ heads
The Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St. (pictured) are both in receivership but attracting interest from potential buyers and tenants.
Drugstore slated for redeveloped Star property
A drugstore, likely a CVS or Walgreens, is expected to anchor the ground-level retail space that will be part of the planned mixed-use redevelopment of the downtown Indianapolis Star headquarters property.
Investor home purchases raise rental concerns
Thousands of houses in Indianapolis and surrounding counties have been bought by investors in the past year, driving up prices and fueling residents' worries about what the future holds for their neighborhoods.
New school to anchor Central State project
The first new non-residential building at the former Central State Hospital campus, at the corner of West Washington Street and Tibbs Avenue, will be a charter school. Christel House Academy West broke ground last month on about nine acres donated by the city.
Whitsett changes name; Milhaus launches division
The Whitsett Group LLC has changed its name to TWG Development LLC, and Milhaus has created a division to manage properties it develops.
Pan Am Plaza hotel may sweeten bowl bid
Indianapolis officials hope to include plans for a new downtown luxury hotel in their bid for the 2018 Super Bowl, but they’re not sure all the pieces for a deal—potentially on Pan Am Plaza—can be put together before a bid presentation for 32 NFL owners in May.
Tesla luxury electric car seeking outpost at Fashion Mall
Tesla Motors Inc. is eyeing space in the Fashion Mall at Keystone and is seeking a zoning variance to sell cars there and to install charging stations within the parking garage.
Roundup: Brewstone latest casualty at snakebitten Clearwater site
Bar-restaurant lasts less than two years at former Music Mill spot; Starbucks taking new spot in Nora Plaza; Hamilton Town Center lands new tenants; and more.
Zionsville believes in power of small loans
The town has started supporting tiny business loans in its tax-increment financing district.
Indianapolis suburbs connecting the dots with trails
About 500 miles of trails already cut through Hamilton and Boone counties—including 125-plus miles in Carmel—and countless more are on the drawing board as suburban leaders strive to appeal to residents who want connected, walkable communities.
East 10th Street home not your typical modular
Veteran custom homebuilder Ursula David moved into her modular home about a month ago and has eight more lots available in the Cottage Home Neighborhood.
City targets east-side parcel for housing development
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.