Real Estate

Milhaus completes acquisition of Broadshore Capital Partners

MIBOR-area housing inventory rose in August 2026 as closed sales and new listings fell, IAR MLS data show

IAR MLS Data Warehouse’s Monthly Market Report for MIBOR, updated Sept. 9, 2026, reports August 2026 average daily inventory at 7,544 (+18% year‑over‑year) while closed sales declined to 2,859 (-6% year‑over‑year); new listings and pending contracts also fell and median sale price held at $325,000.

Keep Indianapolis Beautiful nears $4M goal to fund Indianapolis parks and permanent youth training center

Keep Indianapolis Beautiful has raised $3.59 million of a $4 million fundraising target to build three neighborhood green spaces and a permanent Urban Ecology and Workforce Development Center. The nonprofit also launched a maintenance fund and has an Efroymson Family Fund matching pledge through December, up to $100,000.

South Bend Complex Under Construction Goes Up in Flames

A blaze shortly after midnight Tuesday struck the Stadium Flats apartment complex under construction near South Lafayette Boulevard and West South Street. Crews called a second alarm, kept flames from reaching nearby properties, and Diamond View apartments were evacuated; several top-floor windows were heat-damaged. The cause is under investigation.

Indy opens applications for free People’s Planning Academy — six-week urban planning course for residents

The city’s Department of Metropolitan Development is accepting applicants for the free People’s Planning Academy. Applications close at 5 p.m. Sept. 14; applicants will be notified by Sept. 21. Classes meet in person Thursdays, 6–7 p.m., Oct. 1–Nov. 5 at Frederick Douglass Park.

Noblesville council annexes land for two housing developments, advances $150K for Finch Creek Park tunnel design

At its Aug. 25 meeting the Noblesville Common Council approved two super‑voluntary annexations totaling about 159 acres for the Encore at Linden Walk (210-unit 55+ community) and Parks at Crossroads (324 homes). The council also approved $150,000 for engineering design of a pedestrian tunnel to Finch Creek Park and vacated an alley strip to allow Mill Top to install a fire service vault.

Indianapolis referendum would redirect about $95M a year to public and charter schools, affecting IPS budgets and homeowner taxes

Voters in Indianapolis will decide Nov. 3 whether an operating property-tax referendum that could raise up to $95 million annually will replace an expiring levy and be shared between Indianapolis Public Schools and participating charter schools. The measure would raise homeowner bills and change how city school revenue is allocated.

Meta’s Lebanon data center fuels Boone County business activity and major local infrastructure spending

Meta’s second Indiana data center in Lebanon is operational, supporting hundreds of local technical jobs and drawing significant construction payroll and consumer activity. The company has also committed tens of millions in public infrastructure work and long-term community donations.

Lawmakers’ talk of ending homeowner property taxes raises questions about replacing billions for Indiana local governments

Sen. Ryan Mishler, Rep. Craig Snow and Sen. Chris Garten have promoted ending property taxes on owner-occupied homes but have not released details on how to replace the roughly $4.1 billion that homeowners paid in 2025, leaving local governments, school districts and interest groups seeking answers.

Indy’s $2M River Road Repair Contract Could Affect City Spending, North‑side Access

Indy DPW fast-tracked a contract with F.A. Wilhelm to rebuild a north‑side stretch of River Road after flooding; the project is at least $2 million and crews aim to finish by year‑end while warning costs and schedule could grow. Work includes lowering Crystal Lake about seven feet, which may impact homeowners’ docks.

Westfield short-term rental complaints spotlight limits on local regulation and potential impacts on housing and tax revenue

A Westfield resident says a nearby large short-term rental is causing noise, parking and trespassing problems, but city officials say state law limits local restrictions. Mayor Scott Willis says the city can enforce traffic and noise rules but broader limits on rentals are constrained by state action.

Fishers approval clears path for 124‑room Atwell Suites, advancing Saxony mixed‑use development

Fishers’ PUD Committee unanimously approved architecture and site plans Sept. 2 for a four‑story, 124‑room Atwell Suites at E. 134th Street and Olio Road after revised designs ended a roughly two‑year hold.

Noblesville $64M development set to boost downtown housing, retail and trail access

Noblesville and Flaherty & Collins broke ground Sept. 2 on The Granary, a $64 million mixed‑use project that will add 223 apartments, roughly 5,000 square feet of retail and about 300 structured parking spaces. The Noblesville Common Council approved the development in August 2024, and construction is expected to finish by the end of 2028.

Goodman Campbell Whitestown expansion enlarges central Indiana health-care footprint

Goodman Campbell Brain and Spine marked a topping-out for a 12,000-square-foot clinic at 5993 Perry Worth Road in Whitestown that will include 14 clinic rooms, a pain procedure room and on-site X-ray. The facility is expected to open in late spring 2027.

Carmel floods create urgent need for remediation services and financial aid in Hamilton County

Weeks after floodwaters receded in east Carmel, dozens of households face extended recovery while homeowners contend with gutted homes, contamination risks and insurance gaps. Local charities and the Hamilton County Community Foundation are collecting donations to help cover unmet needs.

Woman seeks answers after ICE detains brother at Indianapolis job site

Federal immigration agents detained an Indianapolis construction worker at an east-side job site Tuesday, his family says, and ICE declined to confirm whether a wider enforcement action took place. The family reports they cannot locate him because he lacks a federal tracking number.

Dart Controls wins approval to add 39,525‑sf warehouse on 106th Street in Zionsville

Zionsville’s Plan Commission on Aug. 17 approved a development plan for a 39,525‑square‑foot office and warehouse at 5000 W. 106th St. Paperwork filed with the town lists the building as multitenant and places it on the north end of Dart Controls’ property.

Fountain Square roadwork squeezes Indy small businesses’ customers and appointments

Ongoing Indianapolis Department of Public Works construction in Fountain Square has disrupted traffic, parking and customer visits, business owners and residents say. Phase Three Shelby Street closures are part of a $14 million drainage project that began about nine months ago; parts of Shelby reopened in August but additional work and another project are pl

Carmel developers seek PUD to swap proposed senior housing for 154-unit luxury apartments at 106th and Illinois

Carmel-based Pittman Partners and Indianapolis-based Millstone Ventures are petitioning the City of Carmel to rezone six acres at the southwest corner of 106th and Illinois to build Venture at Meridian Trails, a 154-unit resort-style luxury apartment community. The team says the plan replaces an earlier senior-apartment concept and will include on-site ameni

Construction-zone setups under scrutiny after two early-morning Indianapolis bike crashes; contractors' practices questioned

Two separate bicycle collisions Monday morning in Indianapolis — one fatal downtown and one leaving a rider critically injured near 16 Tech — have prompted cyclists and safety advocates to call for clearer construction-zone practices. Investigators are still probing causes and whether nearby road work played a role.

Bridges Townhomes opens 43 homes at Sherman Park in $15.1 million redevelopment

City leaders and partners opened the Bridges Townhomes at Sherman Park, a $15.1 million, 43-unit development on the Near Eastside that includes 11 permanent units for families transitioning out of homelessness. Rents run $1,000 to $1,260 and units target households at 60%–80% of Marion County’s median income.

IU grad student Joshua Stockton enters Bloomington Council District 6 race, proposes zoning and business-focused agenda

Indiana University graduate student Joshua Stockton announced a campaign for Bloomington City Council District 6, emphasizing housing affordability, infrastructure and partnering with local businesses. He seeks the Democratic nomination and cannot formally file until Jan. 6, 2027.

Carmel warns permit applicants of phishing emails demanding wire transfers, risking payment losses and project delays

On September 1, 2026, the City of Carmel alerted residents to a sophisticated phishing campaign impersonating its Department of Community Services that uses real property addresses and case numbers to demand immediate payment—often via wire transfer—for permit fees. The city says it will never request payment by wire transfer, cryptocurrency or mobile apps and urged recipients to verify invoices through its official permit portal or contact the department.

Purdue launches Indianapolis degree programs in construction, hospitality and athletic training to target city workforce needs

Purdue began offering new undergraduate and graduate programs in Indianapolis this fall focused on construction management, hospitality and tourism, and athletic training, and will require AI-focused coursework for all undergraduates after Board approval in December 2025.