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Text Version   RSS   Subscribe   Unsubscribe   Archive   Media Kit         January 22, 2015

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Senate passes mortgage debt tax bill
National Association of REALTORS®
On Dec. 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16. The bill includes a one-year extension of several expired tax provisions that benefit REALTORS and their clients, including tax relief for mortgage debt forgiveness.
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This year, stress less with DocuSign
National Association of REALTORS®
Get two months free and streamline your business model with esignature services by signing up with DocuSign by ...

Member only content. For information on becoming a member of the Indiana Commercial Board of REALTORS® click here.

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Indy development seminar offers continuing education
ICBR
Join us for networking and education at the Conrad Thursday, Feb. 19, at 8 a.m. Two hours of continuing education will be offered. Click "Read More" for full details.
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Members Health Insurance Exchange
REALTORS® Insurance Marketplace
Need major medical health insurance coverage? Looking to change plans?

Member only content. For information on becoming a member of the Indiana Commercial Board of REALTORS® click here.

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Frisch's alleges ex-treasurer embezzled $3.3 million
Indianapolis Business Journal
The company that owns dozens of Frisch's Big Boy restaurants in Ohio, Indiana and Kentucky alleges a former assistant treasurer stole an estimated $3.3 million in a multiyear embezzlement scheme. Cincinnati-based Frisch's Restaurants Inc. accuses Michael Hudson of manipulating accounting records and forging payroll documents to funnel money to himself, his relatives, a business associate and two companies he created, according to a lawsuit filed in Ohio's Hamilton County.
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General Mills plans to close New Albany plant
Inside Indiana Business
General Mills recently announced a preliminary decision to close its manufacturing facility in New Albany, Indiana. The decision is subject to negotiation with union officials. If the decision becomes final, the company expects the facility would close mid-calendar year 2016. A closure would impact approximately 400 employees.
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Construction hiring is surging
USA Today
The construction industry, hit hard by the housing crash and recession, is ramping up hiring in an encouraging sign for job and wage growth this year. Contractors added 48,000 jobs in December, the most since last January, and 290,000 in 2014, a nine-year high. That helped push overall payroll growth to 252,000 last month as the unemployment rate fell to 5.6 percent from 5.8 percent, the Labor Department said.
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Sprawling industrial complex near Cottage Home attracts buyer
Indianapolis Business Journal
A local developer has agreed to buy a large industrial complex near Massachusetts Avenue and plans to convert part of the building into retail and restaurant space. Teagan Development Inc. is buying the 539,000-square-foot building from the National Bank of Indianapolis and expects to take possession within a few months, company President Larry Jones said.
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More cranes mean more US construction in 2015
For Construction Pros
International property and construction consultants Rider Levett Bucknall's inaugural edition of the North American RLB Crane Index, which measures construction activity in major cities across North America and predicts the health of the U.S. construction industry, reported that the residential market — specifically condominium and apartment developments — continues to lead the U.S. construction recovery. The commercial, health care, hospitality and education sectors have also started to see increases in crane activity.
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Italian companies invest in Indiana
Inside Indiana Business
Governor Mike Pence joined executives from Brescia, Italy-based OMR Automotive, a tier 1 automotive supplier for the Fiat Group, in Detroit recently to announce the company’s plans to locate its North American headquarters in Speedway, Indiana, creating up to 60 new jobs by 2016. “OMR’s North American headquarters will be in great hands with Hoosiers in the driver’s seat,” said Pence. “Indiana’s motor vehicle industry is prominent around the world."
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Meijer tax ruling may reverberate statewide
Indianapolis Business Journal
Big-box retailers could see their Indiana property-tax bills slashed in half because of a recent court decision that favored Meijer over Marion County. The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store — one of the most successful in the state — should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
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Indiana Senate panel endorses farmland tax relief bill
Goshen News
An Indiana Senate committee has endorsed a measure sought by farmers upset by rising taxes. The measure would postpone a property assessment change that could increase farm taxes even more. The Senate Agriculture Committee voted 6-0 recently for a bill that would require property assessors to use 2011 soil productivity factors in this year's land value determinations.
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Join ICBR today!

The Indiana Commercial Board of REALTORS® is the only state-wide board in Indiana dedicated 100% to commercial real estate. ICBR delivers industry-specific educational opportunities, technology, tools and advocacy aimed at helping commercial real estate practitioners succeed as professionals.

Members of the Indiana Commercial Board of REALTORS® have access to a diverse network of more than 600 commercial real estate professionals serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management and development. ICBR believes 100 percent in your success! Find out more information about ICBR membership today, or contact the ICBR office via email or phone (317.328.5259) and mention this ad in Commercial Focus.
 



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