Area home-building activity up in first quarter
New-home permits in the Indianapolis metropolitan area rose 13 percent in the first three months of 2012 compared with the same quarter last year, bolstered by stronger activity in February and March.
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Foreclosures down nationally, up in Indiana
Actual foreclosures sank to a five-year low in March, but the number of homes entering the foreclosure process is on the rise again.
First-quarter commercial real estate stats for Indianapolis
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Plan envisions hot growth for downtown Indianapolis
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
Board delays decision on Broad Ripple parking garage
An attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system along White River.
SMC plans $19M Noblesville expansion, 163 jobs
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
Former Mike’s Carwash partner seeking $30M
Jerry Dahm is asking a Hamilton Superior Court judge to force the two owners of the company to buy his stake in its real estate arm for more than $26.2 million, on top of another $3.3 million he wants from his share in the car wash chain. The two owners already have agreed to pay him $17.1 million.
Simon CEO lands $137 million in compensation
David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.
Group’s goal: Turn Fall Creek into a recreation destination
A partnership of north-side neighborhood groups is developing a plan to clean up and revitalize Fall Creek with a goal of reestablishing the waterway as a community asset.
Effort to save Rivoli Theatre faces another delay
The theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit that owns it can win complete control of the 1927 structure and stabilize it.
Plans for Broad Ripple parking garage hit snag
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.
Political worries contribute to robust firearms sales
The presidential election is still a long way off, but large numbers of Indianapolis-area gun owners seem to think Barack Obama is a surefire bet for a second term. Uneasiness over his re-election (and fear that he might push for strict gun control laws) has sparked a run on weapons and ammunition.
Hendricks County promotes locally owned pizza
Amo Pizza Shop beat out Rock Star Pizza in a competition intended to boost sales for 16 homegrown eateries.
Citizens not ready to get behind historic designation for Central Canal
Preservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register status will cause unintended consequences.
Hofmeister seeks financing to emerge from bankruptcy
Despite objections from unsecured creditors, a federal bankruptcy judge granted the jeweler's request to hire an outside consultant to help it seek alternative financing to repay the balance of a PNC Bank loan.
Local automobile dealers enjoy big month of sales
New car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap financing. Sales were way up for many Indianapolis auto dealers.
Developer envisions $20M farming operation to replace plant
A local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a sustainable farming operation that would raise fish and hydroponic vegetables.
Cook Group to restore southern Indiana movie theater
Bloomington-based medical device maker Cook Group announced Tuesday it would restore the 750-seat Tivoli Theatre in downtown Spencer, which was built in 1928 and boarded up in 1999.
Popeyes plans new restaurants in Indianapolis area
Atlanta-based restaurant chain discloses most of the seven to nine new restaurants planned this year will be in the Indianapolis area.
Health care real estate owner takes over management of 29 buildings
Healthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.