Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
General Hotels Corp. has finalized the sale of the Caribbean Cove Hotel & Water Park, averting closure of the 344-room hotel and saving 266 jobs.
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
The city of Indianapolis has closed Pan Am Plaza and part of a parking garage below it near the Indiana Convention Center and Lucas Oil Stadium because the structural integrity of the parking facility poses a safety risk.
Franklin's neighborhood brew-and-pub-food palace—with roots in the community reaching back to 1860—has boosted sales through a shift in strategy following a city smoking ban.
Retail sales in the U.S. unexpectedly stagnated in August as a lack of jobs restrained shoppers. Chains like Best Buy Co. and Target Corp. say a struggling labor market that’s battered confidence is hurting sales.
Crown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office space.
Disagree with the push by Indianapolis Downtown Inc. to rename Georgia Street? Time is running out to respond to an online survey and make your voice heard.
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago, marking the fourth straight month of year-over-year increases.
Tilted Kilt, a chain of Irish sports pubs known for its scantily clad, kilt-wearing waitresses, has closed on a deal to take over the first-floor space at the northeast corner of Meridian and Georgia streets.
Landstory, Joann Green’s landscape architecture firm, is a snug four-person company that has designed exterior spaces for some major Indianapolis projects, such as the JW Marriott, Lucas Oil Stadium and Indiana University’s Melvin and Bren Simon Cancer Center.
US Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the 25-store Indianapolis chain, but it didn’t happen.
Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
Planning around the Conrad’s valet parking operation posed the most challenging dilemma faced by organizers of the 8-mile Cultural Trail.
The Audubon Society has documented hundreds of birds killed downtown in the past two years as birds are attracted to the city lights and then fly into windows.
The frozen yogurt craze has officially arrived in Indianapolis.
The owner of the drive-through focused burger chain Rally’s, which got its start in southern Indiana, hopes to double the number of locations in the Indianapolis area.
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
The buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they bought for just $20,000.
