Apartments, shops planned for old Beech Grove hospital site
Dubbed Franciscan Place, the $20 million development will feature 150-plus senior-living apartments, shops and a restaurant in the old hospital. Work is expected to begin in February.
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Home seizures by banks rise in Indiana, nationally
Home repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana. However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
On the market: 1926 theater, home to The Emerson
An eastside theater built in 1926 is up for sale with an asking price of $145,000.
Former NBA player Henderson gets city OK to build home
Former Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north side in spite of fierce opposition from neighbors.
Simon’s Rushmore Mall loan sent to servicer, Fitch says
A loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special servicer because default is imminent, Fitch Ratings said.
Settlement ends bitter battle over Mel Simon estate
A long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with a confidential settlement.
Housing group sues Buckingham over apartment accessibility
The National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer’s properties violate Fair Housing Act accessibility requirements.
New entertainment venues heat up Clearwater Crossing
Two huge new dining and entertainment attractions are scheduled to open on back-to-back days next week, both at Clearwater Crossing.
Pedcor to start second phase of Carmel’s City Center
The Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline Road.
Deadline looms to refile for homestead tax break
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don’t complete and return a homestead verification form by Jan. 1.
Auction of Charlestown family farm tops $1 million
The auction of one of the oldest remaining family farms in southern Indiana was watched closely by farm and preservation advocates.
Retail, apartment blitz hits Fishers
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
Lawmakers may tighten grip on gold-buying business
State lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
Strong finish to year giving home builders optimism
The number of single-family building permits filed in the nine-county area climbed 43 percent in November, the fifth straight month of year-over-year increases, according to the Builders Association of Greater Indianapolis.
Bill would crack down on convenience store safety
Stores with crime problems that wanted to remain open overnight would have to do one of the following: have two employees working, install a bulletproof enclosure, have a security guard or conduct business through a pass-through trough.
Gas leaks force 29 from central Indiana apartments
Authorities have ordered the 29 residents of an Anderson apartment complex to leave their homes until gas leaks found in all five of its buildings can be repaired.
How 3 real estate entrepreneurs expanded during slowdown
Aasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity as many rivals retrenched.
Second-quarter 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.
Cornerstone content with small medical developments
Local firm has carved out niche building for hospitals, physician groups.
East-side biz incubator’s new owner is old owner
The Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner of the troubled business incubator.