Home-building permits filed in the Indianapolis area fell by more than 40 percent in February compared with the same month last year. Nationally, builders broke ground last month on the fewest homes in nearly two years.
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
The Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren’t obtained soon. The company previously received a cash infusion last June from a group of subcontractors.
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
Plans for a new Latin restaurant at 52nd Street and College Avenue are on hold after another restaurant owner sued to overturn city approval of a parking variance.
Recreational product superstore Family Leisure changed its name from Watson’s two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
As rooftop restaurants nationwide have fallen from grace, the Eagle’s Nest, sitting high atop the 22-story Hyatt Regency Hotel in the center of downtown, continues to fly high.
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
Plans are on hold for a new Latin restaurant at 52nd Street and College Avenue after a fellow restaurant owner sued to overturn city approval of a parking variance.
Six projects with more than 25,000 square feet of space will be completed this year and in 2012 along the 10th Street corridor, which runs from near Rural Street east to Sherman Drive.
Owners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3 million bank note, according to court documents.
The Indiana University Foundation will move its Indianapolis staff from an office on North Meridian Street.
A proposal by Keep Indianapolis Beautiful to bulldoze four century-old homes near Fountain Square has sparked a battle between the neighborhood beautification group and some of its typical allies: historic preservationists.
Granite City Food & Brewery and Au Bon Pain are slated to replace a former TGI Friday's restaurant at the Indianapolis International Airport.
Judges’ decision deals blow to state’s package liquor stores, which sought to stop the Indiana Alcohol and Tobacco Commission from issuing new permits until the judges could clarify state quota laws.
City leaders in February put out a request seeking ideas for how to design and finance a parking garage in Broad Ripple to ease traffic tensions. Responses are due March 11.
The award, given to architects licensed less than 10 years, will be presented at the AIA National Convention and Design Exposition in New Orleans.
