Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
The U.S. Environmental Protection Agency recently proposed placing the city of Martinsville on its Superfund priority list, citing groundwater contamination traced to several former dry cleaning shops in the heart of town.
Attorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the July 2013 trial date while the parties negotiate a “memorandum of understanding.”
The purchase includes nine FansEdge locations in the Chicago area and one in Oklahoma, in addition to two Football Fanatics stores in Jacksonville, Fla.
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
A little post-Halloween candy for Property Lines readers: Check out the renderings of an unsuccessful Mass Ave redevelopment proposal from locally based Deylen Development.
“Drinking Made Easy” traveled to Indianapolis to sample several of the city’s hotspots and their cocktails. The episode airs Wednesday night on cable network AXS TV.
Leading off the latest restaurant and retail roundup: A couple of national chains including Olive Garden and Ulta Beauty are expanding in central Indiana and a couple of others including Einstein Bros. Bagels and Goodwill are moving.
A company spokesman said damage was minor at Simon’s malls and outlet centers in New York and other areas hit by the storm.
Restaurateur Larry Hanes stuck to his guns in creating Eggshell Bistro, bending conventions with eclectic decor, artisanal coffees, and a simple menu with restrained portions.
LA Fitness plans to build a gym on the former home of a Loews movie theater adjacent to Washington Square Mall in the latest sign of progress for a struggling retail submarket.
The Indiana Alcohol & Tobacco Commission says Slobodan Lakich bought a license last year for $9,000, then tried to flip it for $30,000.
Peyton Manning will be introduced as the company’s newest franchisee in the Denver area during a television spot with Papa John’s Chief Executive John Schnatter on Sunday during the telecast of NBC’s “Football Night in America.”
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
A look at housing sales, mortgage rates and home ownership trends. Also included are the most expensive home sold during the third quarter and examples of what $300,000 can buy.
Frank and Katrina Basile’s Lake Clearwater abode is (almost) filled with art from The Big Easy.
New-home construction is on track to rise more than 10 percent this year in the nine-county Indianapolis area.
David M. Parry was known a century ago for his hatred of labor unions and for the cars he built, but he also made his mark with the Golden Hill estate he organized near White River. Today, the home at 3650 Spring Hollow is for sale at $600,000. The house is in mostly original condition but needs a comprehensive restoration.
A directory of landscape companies in the Indianapolis area.
