Construction begins on downtown condo project
Construction has finally begun on a condo conversion of an historic 5-story building known as The Shelton.
Real Estate
Articles
Duke Realty land auction nets $1M; pricier properties go unsold
Locally based Duke Realty Corp. netted more than $1 million during a Tuesday auction of surplus development parcels in Indianapolis,
Fishers, Plainfield and Lebanon.
Local man gets 37 months in mortgage-fraud scheme
A federal judge has ordered an Indianapolis man to serve 37 months in prison and pay $1.7 million in restitution for his role in a massive mortgage fraud scheme.
Holding steady on Wawasee
Lake Wawasee, the popular northern Indiana getaway for some of the wealthiest people in the Indianapolis area, is doing fairly
well despite the real estate bust.
Bush Stadium is now a dumping ground for clunkers
An auto salvage company is paying the city $2,000 per month to use the outfield of Bush Stadium to store vehicles collected
under the Cash for Clunkers program.
Tax credit helps boost area home sales 20 percent
A federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area
out of their funk.
Old Indianapolis baseball stadium now a junk yard
A salvage company is leasing the Bush Stadium field from the city parks department to store vehicles it collected in the federal
Cash for Clunkers program.
Noble Roman’s reports profit despite lower revenue
Indianapolis-based Noble Roman’s Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
Duke Realty’s chief operating officer resigns
Indianapolis-based Duke Realty Corp. announced Monday that its chief operating officer will leave the company at the end of
the year.
Van Rooy scoops up troubled complex
Van Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
The Nature Conservancy sets green example with new HQ
The Nature Conservancy’s new $10-million headquarters has enough environmentally friendly features to qualify for the highest
level of LEED certification.
A peek at the future: Nature Conservancy’s ‘green’ HQ
Work is on schedule for a new headquarters for The Nature Conservancy of Indiana, which includes a variety of first-in-Indianapolis
"green" features. Tour the building
through IBJ’s narrated slideshow.
Wal-Mart gets into the casket business
Batesville Casket Co., the world’s largest manufacturer, says it’s watching, but isn’t worried.
Obama to sign homebuyer, jobless assistance bill
President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
IURC conducts review of Centennial’s telecom service
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
IUPUI mulling options for old Wishard Hospital site
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.
Allen Plaza developer bullish on downtown, eager for next project
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.
Kite Realty takes big write-off, dragging down quarterly results
Kite Realty Group Trust reported a 70 percent drop in funds from operations for the quarter ended Sept. 30, after the Indianapolis-based
developer wrote off the entire book value of a Dallas strip center.