Outlook brightens for apartment landlords amid rising rents
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
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Indiana records nearly 500 eviction petitions filed at start of August
In the window between the end of the previous moratorium on evictions and the issuance of the current ban, 486 eviction cases were filed in Indiana from Aug. 1 through midday Aug. 4, according to data from the Indiana Supreme Court.
Real estate, landlord groups file legal salvo to stop new eviction moratorium
Only one day after the Biden administration issued a new policy protecting renters from eviction, a series of real estate and landlord groups is trying to invalidate it.
Citing slow business, Patachou closes downtown’s Napolese restaurant
It first closed in March 2020 at the beginning of the pandemic and didn’t reopen until March of this year, in advance of the NCAA’s men’s basketball tournament, which took place mostly in Indianapolis.
CDC issues new eviction ban for most of United States
Speaking at the White House on Tuesday, President Joe Biden was uncertain whether the new moratorium could withstand lawsuits about its constitutionality.
Library delays new Fort Ben, Glendale branches due to cost escalations
Indianapolis Public Library system said it is seeking a new financing plan after costs grew beyond the budget cap of $12 million for each project.
Across from Bottleworks, contractor planning kindred project in Jungclaus campus
The owner of several buildings across Massachusetts Avenue from Bottleworks plans to redevelop the property in a similar but limited fashion with courtyards, residential units and new office and retail space.
After long delay, Beerded Swine opening in Lockerbie with meat, cheese, libations
Expected to debut by the end of September, The Beerded Swine is intended to be a sister shop to The Savory Swine in downtown Columbus.
Simon raises financial outlook amid improving business conditions
Indianapolis-based Simon Property Group Inc.—the largest owner of shopping malls in the United States—on Monday reported second quarter financial results that exceeded analyst expectations.
Pelosi, Democrats call on Biden to extend federal eviction ban
Congress was unable to pass legislation swiftly to extend the ban, which expired at midnight Saturday, and the Democratic leaders said it was now up to President Joe Biden’s administration to act.
Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium
Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.
Union Jack Pub in Broad Ripple relocating to nearby space
Owners Jay and Chelsey Wetzel announced on Thursday that they had purchased a building that would give the pub a large patio with copious outdoor seating.
Explainer: How Indiana evictions might surge post-moratorium
More than 51,000 eviction filings have been made in Indiana during the pandemic, including nearly 16,000 in the Indianapolis metropolitan area, according to Indiana Legal Services.
Congress in longshot bid to extend expiring eviction ban
A House panel convened to consider emergency legislation to extend the ban, which expires Saturday, through Dec. 31. But approving an extension would be a steep climb in the narrowly-split Congress.
Korean barbecue restaurant leaving Fishers Test Kitchen for new location in Castleton
Korave Korean BBQ, which opened at the restaurant accelerator in 2019, plans to exit the nest in September. The brothers who own the restaurant are also eyeing spots for another Indy-area location.
Bruster’s Ice Cream expanding in Midwest with new stores in Fishers, Evansville
Fishers resident Tiffany Schlueter is planning to open the state’s second Bruster’s Ice Cream franchise in an 1,800-square-foot space at 12350 Olio Road by early November.
After 27 years in Nora strip centers, salon invests $3.3M in new standalone location
To stay in the Nora neighborhood, DL Lowry Salon is taking over the former home of the Indiana Lions eye and tissue transplant bank, which has moved to Carmel.
IBJ Podcast: Downtown hotel projects pipeline largely intact despite pandemic
Host Mason King chats with IBJ real estate reporter Mickey Shuey about the state of the hotel industry in Indy and which projects are completed, underway and on hold.
Big acquisition gives Kite Realty Group new markets, more clout for future growth
But the real estate investment trust might also face pushback from investors, largely because the acquisition follows five years of offloading dozens of debt-heavy properties.
Q&A: Greenwood tattoo artist Lenny Floyd is booked into 2022
Lenny Floyd opened the Salty Siren Tattoo Lounge at 480 E. Main St. in May 2016. She said she’s busier now than ever.