U.S. consumer confidence rises to highest level since 2000
Tax cuts passed into law last year are starting to show up in workers' paychecks, boosting confidence in the economy to its highest level in more than 17 years.
Residential Real Estate
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Developer plans $9.5M town house project near old Milano Inn site
Onyx+East is buying a one-acre lot off of South College Avenue and plans to build eight buildings containing 35 residential units.
Realtor group’s opposition a possible blow to school district’s tax-hike bid
A politically influential group representing real estate agents is taking the rare step of opposing Indianapolis Public Schools’ $725 million proposal to raise property taxes to increase school funding.
Area home builders see big spike in demand in new year
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
Hospital complex costing $1B planned for 96th and Spring Mill
Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have “details to share” at this time.
Developer seeking to add 252 apartments to culinary complex in Fishers
The luxury units would accompany 120,000 square feet of retail and two hotels slated to be built on 17 acres in The Yard along 116th Street east of Interstate 69.
High-end homes enjoy golden sales year
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.
Mainstreet sells two senior care facilities for $44 million
The Carmel-based developer and operator sold the two properties to Invesque, a public company it created and shares an address with.
Speedway to offer spendy lodging in tiny houses for Indy 500 weekend
For folks who want something a little more structurally solid than glamping but more homey than a hotel, the Indianapolis Motor Speedway plans to offer lodging for this year’s Indy 500 in pint-sized houses.
Area home sales barely rise amid fewer choices, rising prices
Existing-home sales in central Indiana ticked up only slightly in December as inventories continued to shrink and price tags remained on the rise.
Judge: Developer can proceed with residential-retail project in Chatham Arch
A Marion Superior Court judge has ruled in favor of a North Carolina developer, after a neighborhood resident challenged his plans to build the project.
Judge blocks big Chatham Arch housing-retail project over zoning issue
A Marion Superior Court judge has ruled in favor of a neighborhood resident, who fought the Indianapolis Historic Preservation Commission’s decision to give the project the green light.
Indianapolis-area home builders have busiest year in a decade
Area home builders in the nine-county area experienced their sixth straight year of rising sales.
Indy a top spot for Amazon HQ2 if home prices guide its choice
If Amazon wants to locate its HQ2 in the most-affordable spot for housing, there’s an obvious choice: Pittsburgh. But Philadelphia and Indianapolis aren't far behind.
IPS fields five bids for buying, revamping site on hot East 16th Street corridor
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
Westfield approves development around Wood Wind Golf Club
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
East 16th Street revival hits high gear
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
Re/Max brokerages merge to form 80-agent firm from west side to downtown
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.