Tax credits help boost April home sales in central Indiana
Home-sale agreements surged 33.8 percent in the Indianapolis area in April as buyers rushed to beat the deadline for federal
tax incentives.
Real Estate
Articles
Apartment sellers testing market again
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
Simon shares surge despite failed General Growth deal
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
Cabela’s revs up expansion, but leaves Greenwood off list
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
Bren Simon lashes out over ‘wrongfully removed’ medical log
Widow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical
log and unlawfully
turned it over to attorneys representing one of Simon's children from a previous marriage.
Simon withdraws bid for General Growth
Indianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
General Growth still backing Brookfield despite new Simon bid
General Growth Properties Inc. rejected Simon Property Group Inc.’s “best and final” offer.
Mass Ave project adds garage, wins approval
Work could begin this fall on $10 million Trail Side complex.
INSIDE DISH: Brugge Brasserie brews plans for expansion
The
Broad Ripple-based brewpub's owners bet its Belgian beer and vittles will go over just as well outside Indy. But first
they need $1 million from an investor, in part to streamline brewing.
Noble Roman’s reports lower profit, revenue
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Simon Property makes ‘final’ General Growth offer
Simon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.
Stone Creek owner adding to his dining empire
Mike Cunningham has run dining spots ranging from a bar and grill to yogurt stands and is now growing a popular chain of upscale
restaurants—primarily under the Stone Creek Dining Co. name—in Indiana and Ohio.
Sahm’s to open tavern in downtown Indianapolis
The bar and restaurant will take about 3,600 square feet in the building, which has OneAmerica and ExactTarget as its anchor
office tenants.
April retail reports add up to respectable spring
Consumers took a breather in April after a strong March boosted by an early Easter. Overall, though, most retailers are likely
to be pleased with the spring selling season, analysts say.
Lender wants Hansen & Horn receivership terminated
Salin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.
Kite reports first-quarter loss on lower revenue
Developer’s $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
Glick Eye Institute designed to mesh architectural styles, ophthalmology researchers
The new home for the Eugene and Marilyn Glick Eye Institute that’s rising from the ground at IUPUI must do a lot
of things well.
MOUNAYAR: Indianapolis should rediscover public spaces
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
TAYLOR: Reform will drive demand for health care facilities
There has been a noticeable uptick in the level of health care real estate development activity this year.
Wishard Hospital project is life blood to contractors
Replacing the existing Wishard Memorial Hospital is so critical to the well-being of the sickly construction sector that one
industry official likens the project to a "lifeline."