Real Estate

Elevated Treasury yields and steady mortgage rates, plus a manufacturing uptick, create mixed impacts for Indiana businesses

Fed Chair Kevin Warsh’s recent Jackson Hole comments coincided with elevated long-term yields — the 10-year near 4.7% and the 30-year above 5% — and mortgage rates around 6.7%. The article notes a manufacturing pickup that could benefit Indiana but warns a new tariff dispute with Canada may blunt gains.

Greenwood RDC OKs tax break for business park property

Zionsville vineyard sold; new owner proposes expanded winery, distillery and event center

Ironsides Real Estate and John Hefton bought the former Hopwood property at 2055 U.S. 421 and have filed plans to rebrand it as Honeysuckle with added facilities. Hefton’s zoning request was continued to Oct. 7 while town staff review a site plan and a traffic study.

Indianapolis man summoned for disrupting City Council meeting, striking deputy

The Marion County Sheriff’s Office says it issued a court summons to Indianapolis resident Jamaal Shabazz after he allegedly refused to leave a City-County Council Public Safety and Criminal Justice Committee meeting and turned toward a deputy as he was being escorted out; he faces charges and must appear in court.

Westfield hearings spotlight proposed 496-acre agrihood, Towne West and Northpoint changes with resident objections

Westfield’s Advisory Plan Commission heard Sept. 9 public comment on a proposed 496-acre Hidden Oaks PUD that would add retail and about 1,000 homes, plus a 94-acre Towne West PUD and a Northpoint amendment adding a gas station and convenience store. Residents and an HOA raised concerns about odors from a nearby wastewater plant, housing density, crime and traffic; the items return in November.

Noblesville board approves INDOT right-of-way at Hazel Dell as Ind. 32 widening heads toward 2027–29 construction

At its Sept. 8 meeting, Noblesville Schools trustees approved a right-of-way and temporary easement at Hazel Dell Elementary for the Ind. 32 expansion, and Superintendent Daniel Hile reported progress on the district’s Project Aware mental-health work funded through September 2028.

Sheriff deputy handcuffs protester during emotional IMPD hearing

Chief Tanya Terry presented a proposed nearly $400 million Indianapolis Metropolitan Police Department budget for 2027 that includes funding for 1,743 officers; the hearing was interrupted by protesters demanding accountability after the July fatal shooting of Dalys Jett, and a protester was handcuffed and removed.

Veterans can get help with housing, job training at this free event

Carmel Clay Schools seeks referendum to raise property tax rate to offset $15M annual state funding loss

Carmel Clay Schools will ask voters in November to approve an eight-year referendum that would combine its operating and safety levies and raise the maximum rate from 24 cents to 42.74 cents per $100 assessed value to recoup an average $15 million a year lost under 2025’s SEA1. District leaders warn a failed measure would force deep budget and staff cuts in 2027.

Simon Property Group unit to sell senior notes to refinance $750M of 2026 debt; close expected Sept. 16

Simon Property Group’s majority-owned operating partnership agreed to issue two new series of senior notes with a weighted average term of 7.7 years and a weighted average coupon of 5.450%. The offering is expected to close Sept. 16, 2026; net proceeds are earmarked to repay all or part of $750 million of 3.250% notes due in 2026.

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.