Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1% in June from a year ago.
The acquisition by Felton Properties, which equals about $164 per square foot, marks the Oregon-based firm’s first venture into the Indianapolis market.
The Carmel-based franchisee for the line of sprawling indoor golf and entertainment centers says he’s already looking ahead to additional stores, maybe one in downtown Indianapolis.
Plans call for the updated Stutz, purchased earlier this year by New York-based SomeraRoad Inc., to feature new event areas, co-working space, more retail and restaurant offerings, new outdoor spaces and an updated facade.
Brackett, who played for the Indianapolis Colts from 2003 to 2011, got into the restaurant business after retiring from the NFL. He closed his Stacked Pickle sports-bar chain in May 2020 because of the pandemic.
Indianapolis is getting serious about possible redevelopment of the City-County Building, now that half of the 28-story monolith is set to be empty within months.
The region’s hot real estate market cooled slightly in July but continued at a rapid pace. The number of single-family home and condo sales in 16 central Indiana counties dropped 2.9% from June to 4,071 in July.
John and Solveig Fiene’s Zionsville home has high ceilings, plenty of light streaming in the windows and a big, welcoming front porch, the perfect place to sit and talk to people walking by.
San Francisco-based Opendoor and Phoenix-based Offerpad both announced in recent weeks that they were bringing their internet-driven real estate services to homeowners in central Indiana. They allow homeowners to request a cash offer on their homes—usually available within 24 hours.
Three veteran real estate agent teams retained the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team claiming the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus made it a three-peat as the top IBJ All-Star solo agent.
The court’s action late Thursday ends protections for roughly 3.5 million people in the United States who said they faced eviction in the next two months.
Indianapolis Mayor Joe Hogsett on Monday said he thinks the Marion County Prosecutor’s Office should relocate from downtown to the new Community Justice Campus, but that decision is still up in the air, according to Prosecutor Ryan Mears.
When it reopens in Avon, the barbecue hotspot will serve its own customers while accommodating two virtual takeout-and-delivery-only concepts—The Wing Experience and The Burger Experience.
Marion County Prosecutor Ryan Mears said his hesitancy arises from concerns over how such a move could increase the prosecutor’s operating costs.
Earlier this month, the Democrat-controlled City-County Council voted 20-5 for new development standards that add residential and mixed-use districts to push bus usage, walkability and density county-wide.
The centerpiece of the project—transforming a 40,000-square-foot former factory into an arts and cultural space—has not begun, but home renovations and greenspace development are underway.
When Indianapolis Parks and Recreation staff saw a large piece of land up for sale near a well-loved park, they jumped at the chance to add greenspace to the city’s property rolls.
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
The restaurant’s co-owner, Kanlaya Browning, co-owns 10 Thai restaurants, nine of which are in the Indianapolis area. Oishii will offer a fusion cuisine of both sushi and ramen.
Smaller landlords with fewer than four units, who often don’t have the financing of larger property owners, were hit especially hard by the pandemic, with as many as 58% having tenants behind on rent, according to the National Association of Realtors.
