Land bank bill likely heading for study committee
Rep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing, including Indiana’s tax-sale process.
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Annexation request crimps Anderson land plan
Efforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from property owners who want to become part of the town of Lapel instead.
Cops to valets: Park cars, not traffic
Indianapolis police are keeping an eye on downtown valets, whose habit of blocking traffic lanes has prompted complaints. The Indianapolis Metropolitan Police Department issued a stern reminder to all valet operators on Jan. 31, the week after the opening of The Alexander Hotel in CityWay at Delaware and South streets.
Carmel puts 7-acre parcel up for grabs
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
Site swaps could clear the way for $43M Mass Ave project
City officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and retail redevelopment on Mass Ave.
Lawsuit over Simon’s bonus may expose board’s mindset
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
Ballard plans new redevelopment effort for Market Square site
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
Owner plans redevelopment for Virginia Avenue buildings
The owner of three vacant buildings along Virginia Avenue between Pennsylvania and Delaware streets hopes to develop one of them with five apartments and first-floor retail, recruit retail and office users for a second, and tear down a third to make way for parking.
Roundup: True Religion, Shoppers World, TaTa
Another top fashion name is joining The Fashion Mall at Keystone, a giant discount retailer is expanding its local footprint, and a few new pizza restaurants are planned for the area.
Fourth-quarter 2012 commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Besides parking, garage could aid Broad Ripple
Some are hoping the structure will lure more business to the neighborhood.
Kite Realty is makeover artist for tired shopping centers
Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
Penske takes over Hertz car rental locations in Indiana
Michigan-based Penske Automotive Group Inc. has acquired 20 Hertz car rental outlets in Indiana and plans to add at least five locations.
HHGregg merchandising post turns over again
HHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics retailer continues to struggle to overcome plummeting sales of televisions.
Baldwin move a win for Lauth, a setback for downtown
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
Family fights Ball State over $25M hotel plan
The Hiatt family is fighting the university's effort to acquire its property, clearing the way for construction of a hotel and conference center.
Settlement talks set for Don Marsh severance dispute
Lawyers for Marsh Supermarkets Inc. and its former CEO will meet Monday on the issue of whether Don Marsh should have to repay the roughly $2.1 million in severance he received from the company.
Local housing projects get $3.4M boost from tax credits
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using sites such as Fort Harrison and the former Central State grounds.
Stonegate Mortgage raising new round of funding
Fast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
Arson damages at Indy Catholic church reach $400K
Indianapolis Metro Police Department Sgt. Linda Jackson said Wednesday that heavy smoke damage had increased the damages from an early estimate of $15,000.