Purdue says farmland values are up despite drought
The university's June survey found a statewide increase in farmland value ranging from 14 percent to 18 percent, depending on land quality, since last year's survey.
Real Estate
Articles
Simon exec: There’s ‘no interest’ in buying General Growth
A Simon Property Group Inc. executive said that the largest U.S. mall owner isn’t trying to acquire competitor General Growth Properties Inc., which announced Monday that it won’t put itself up for sale.
Area homebuilding permits on the rise in August
Builders in the nine-county Indianapolis area filed 408 construction permits in August, a 15-percent increase from the same month a year earlier, according to the Builders Association of Greater Indianapolis.
Judge denies airport’s objection to competing parking lot
A Marion County judge has denied a legal challenge by the Indianapolis Airport Authority that would prevent a Cincinnati-based developer from opening a competing parking lot near the airport.
General Growth rejects call for sale of company to Simon
General Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s request to put itself up for sale and said it will remain independent.
Virginia Avenue attracts yet another project
Englewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to 50 apartments, about 5,000 square feet of retail space and an underground parking garage.
Real estate firm’s niche is commercial Hispanic clients
Real estate entrepreneur Kelli Membreno, a bilingual native of northern Indiana, has built a business on helping Hispanic entrepreneurs navigate the barriers of language and American business customs.
Tribal casino could squeeze state coffers
A tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important source of state tax revenue.
Airport may carve up ex-terminal property
Indianapolis International Airport managers say they haven’t given up hope that a single, mega-sized tenant could create an economic development boon at the site abandoned nearly four years ago when the midfield terminal opened. But the latest listing of redevelopment sites shows the former terminal complex being marketed in pieces.
Architecture firm plans to expand, add 27 employees
Guidon Inc. said it will add the jobs by 2016 as part of a $545,000 expansion that includes upgrades to its facility at 2453 N. Delaware St. in Indianapolis.
Report: Simon foe General Growth hiring investment bank
The board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may reconsider a sale of the company two years after it spurned a Simon offer.
MDC approves CIB’s sale of building to Steak n Shake
The Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
Restaurant roundup: Bagger Dave’s, Cheddar’s, Ralston’s
Get the scoop on three new restaurants: Bagger Dave’s Legendary Burger Tavern, Ralston’s DraftHouse and Cheddar’s Casual Cafe.
Attendance up for Indiana classic-car auction
Organizers of a long-running classic car auction in northeastern Indiana point to improved attendance and sales as signs that they've put behind the financial troubles of its former owner.
Steak n Shake paying $3.8M for Ober Building
An affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
Ex-concrete plant to be razed for Greenwood nature area
A former concrete plant in Greenwood faces the wrecking ball to make room for a wider road. The city plans to raze the former Prairie Materials concrete plant so it can turn Worthsville Road into a major boulevard that can handle traffic from a planned Interstate 65 exit.
Management contracts help DTM Real Estate push into mainstream
DTM Real Estate Services LLC landed management and leasing for Fortune Park buildings 5, 6 and 7 in August, about a year after getting the management contract for a 360,000-square-foot portfolio in Park 100.
Lake Wawasee house sale is largest of year for local listing service
Encore Sotheby’s local office represented seller in the $3.8 million sale to a local buyer.
HHGregg’s new push: Selling treadmills alongside TVs
The appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled for 31 of its more than 200 stores.
FedEx Ground eyeing Zionsville for distribution center
FedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment commission members on Wednesday.