Fewer home-building permits signal weakness ahead
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
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New coffee shop named for Fletcher Place founder
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for
local charities.
Law firm sticks with unconventional space
With its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm
Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
Second developer facing foreclosure on Fishers property
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project’s development has been scheduled for liquidation by a lender.
Area building permits fall for 23rd straight month
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
First-time buyer tax credit isn’t moving pricier homes
The incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
Northeast-side CVS gets nod
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
Virginia homebuilder enters market
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
Duke Realty to unload local land holdings at auction
The locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.
Amusement center taking space in Clay Terrace
A children’s amusement center is taking over the former Circuit City space at Clay Terrace in Carmel.
Bloomington mayor to roll out chain-store ordinance for downtown
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
State seeks at least $6.5M for 19-acre site
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
Fishers water park developer hopeful despite setback
The developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the
latest setback delaying the start of construction by at least two years.
Louisville company purchases assets of local distributor
Louisville-based Bailey Tools & Supply Inc. said Tuesday that it has purchased the assets of Indianapolis distributor Capitol Drilling & Contractors Supply.
City strengthens building-permit process
The pre-permit review could add nearly three weeks to the current permitting process
Efforts target blight on 16th
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
O’Malia’s closing northside market after 33 years
The O’Malia’s Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
Ex-investors plead guilty to mortgage fraud
Two former real estate investors have pleaded guilty to federal charges that they set up straw deals to obtain inflated
mortgages on more than 100 Indianapolis houses.
Shopping center vacancies continue to climb
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven’t been able to dodge.
City approves new CVS store
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69.