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Indy officials work to strengthen rental-property inspection bill
Indianapolis Business Journal
City officials from across Indiana are decrying a bill that curbs rental-property inspection programs, but Indianapolis is taking a different tack. After more restrictive legislation was enacted on a temporary basis last year, a group of city-county councilors, city officials and Rep. Justin Moed, D-Indianapolis, worked with bill author Rep. Jud McMillin, R-Brookville, to ensure that cities could set up landlord registries. That's a priority for the city's Department of Code Enforcement and neighborhoods.
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Developers, Tractor Supply eye downtown Blairsville
The Indiana Gazette
Two local property developers have lured a national retailer into downtown Blairsville. Tractor Supply Company, the country’s largest farm and ranch retailer, is planning to open a store in the former BiLo grocery store at East Market and Morrow streets. The retailer hasn’t yet signed a lease for the property, but the property’s developers are working toward finalizing one.
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Indiana 49 corridor plans to be presented
Post-Tribune
Those curious about the city’s plans for the Indiana 49 corridor can hear about them April 14. The City’s Plan Commission scheduled a special meeting for 5:30 p.m. that day, just before the City Council meeting, to review the plans. City Planner Tyler Kent said at the Plan Commission meeting that consulting firm Kendig Keast would present the State Route 49 Corridor Plan first to the commission for its recommendation. After that it would then be presented to the City Council.
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Kite Realty announces $2.1 billion merger
Indy Star
Indianapolis-based Kite Realty Group Trust will double in size and expand into half of the country after the company closes on a multibillion-dollar merger. Kite has reached an agreement to buy Oak Brook, Ill.-based Inland Diversified Real Estate Trust in a stock-to-stock transaction valued at $2.1 billion, with an equity value of $1.2 billion.
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Broad Ripple brokers propose office project on College Avenue
Indianapolis Business Journal
A pair of commercial real estate brokers are proposing to tear down two rental homes they own in the 5900 block of North College Avenue to build a two-story office building . Scott Lindenberg and Thomas Willey, who operate Reliant Partners Commercial Realty on Westfield Boulevard in Broad Ripple, say they plan to invest $1.5 million in the 5,700-square-foot project.
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Millionaires see real estate as top investment for 2014
Bloomberg
U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley. About 77 percent of investors with at least $1 million in assets own real estate, according to a survey released today by the New York-based investment bank’s wealth-management unit. Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year.
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County board will hear GIS presentation
Fremont Tribune
An Indiana based company will make a pitch to be part of Dodge County’s geographic information systems program. The county board, last fall, did not approve a contract proposal with GIS Workshop Inc. to install tabs for the roads department and planning and zoning department on the county’s GIS website, which already includes an assessor’s tab provided by GIS Workshop.
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Developer pitches $28 million project for Fishers Train Station site
Indianapolis Business Journal
Fishers officials are expected to vote on a proposed $28 million redevelopment of the Fishers Train Station site, the final piece of an ambitious plan to transform the town’s municipal complex into a hub of commercial and residential activity. Economic development leaders have been working with principals at Indianapolis-based Loftus Robinson Development to hammer out a deal for the property along 116th Street just west of the Nickel Plate railroad tracks.
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Local developer buys Waterplace in Indianapolis
Indy Star
Local developer Ersal Ozdemir has purchased an office park in a prime area along the North Meridian Street corridor with hopes of leasing more of the space to health care clients. Ozdemir bought the Waterplace office park on Jan. 31, through an affiliate of his development company, Keystone Realty Group.
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Despite reprieve, Georgetown's first bank, former town hall could still face wrecking ball
The Republic
The building that housed Georgetown's first bank is safe for at least another month; however, it may take a push from private organizations to keep the structure off the chopping block. The Georgetown Town Council voted 3-2 to table a vote on whether the building, located at 9110 Ind. 64, in the heart of town, should be demolished. The two-story structure opened as Georgetown's first bank in September 1909.
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Dunham's $30 million expansion in Marion to create 135 jobs
Indianapolis Business Journal
The sporting goods chain Dunham’s Sports said that it plans to expand its distribution center in Marion, creating up to 135 jobs by 2018. The Troy, Mich.-based company will invest $30 million to build and equip a 735,000-square-foot distribution center on 50 acres in Marion. The facility, which is expected to break ground in March and be complete in December, will allow the company to house all distribution operations at one location.
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