Simon Property calls off $3.6B deal to acquire rival Taubman Centers
Indianapolis-based Simon Property Group Inc. on Wednesday morning announced it has called off its deal to acquire rival shopping center owner Taubman Centers Inc. for $3.6 billion.
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COA affirms trial court in siblings’ estate squabble
The Indiana Court of Appeals in an interlocutory appeal has affirmed for a brother in a sibling squabble over Southern Indiana real estate and property left by their mother after her death.
Lawsuit claims IDEM official ‘maliciously targeted’ environmental company, gas stations
Claiming an IDEM official gave “disparate treatment out of sheer vindictiveness” and “orchestrated a campaign of official harassment,” environmental consultants and business owners have filed a lawsuit against the Indiana Department of Environment Management and Douglas R. Louks, deputy assistant commissioner of the IDEM Office of Land Quality.
COA affirms judgment for Indy car dealership in sale dispute
A consulting company could not convince the Indiana Court of Appeals that it was entitled to judgment as a matter of law in an Indianapolis car dealership dispute that it lost.
Allen County video explains court stay of residential evictions
One Indiana court is taking steps to better inform its community about changes to eviction proceedings as a result of the novel coronavirus crisis through a personal, virtual message.
Judge certifies class action against rent-to-buy company Rainbow Realty
A federal lawsuit filed against Rainbow Realty, a rent-to-buy real estate company in Indianapolis, will proceed as a class action after the Southern Indiana District Court certified several plaintiffs’ claims including discrimination, failure to disclose and violating state habitability requirements.
Mollmann: Lease, mortgage performance under stay-at-home order
Following Indiana Gov. Eric Holcomb’s March 23 stay-at-home order, tenants, landlords and lenders have been scrambling to review what rights, remedies, and obligations they have under their respective real estate documents.
Housing amendment that would bar local ordinances protested at Legislature
Pushing what legislators have so far not been able to stop, housing advocates arrived at the Statehouse Monday hoping to derail an amendment that opponents say would not only further disadvantage Indiana renters but also possibly preempt cities from regulating rental properties.
Big liquor chain sues Indiana for denying permit for Nora superstore
Just days after getting turned down for a liquor permit, a huge Maryland-based liquor retailer is suing the Indiana Alcohol and Tobacco Commission, saying the denial was unconstitutional and amounted to economic protectionism.
Edinburgh antique store can stay put as COA dismisses realty fight
The Indiana Court of Appeals has vacated an order requiring an Edinburgh antique store to leave its place of business, finding an agreement between the store and the real estate’s owner was a land sale contract and not a lease subject to an eviction proceeding.
Bank alleges developer owes nearly $16M for project near airport
Old National Bank has sued local developer Paul Kite, alleging he and his company, PK IND Partners LLC, owe millions of dollars for a loan tied to the 2008 redevelopment of property at Indianapolis International Airport.
Tax Court upholds Elkhart CVS store assessment
A CVS pharmacy store in Elkhart could not persuade the Indiana Tax Court to rule in its favor in an appeal of the Indiana Board of Tax Review’s final determination of its property value.
COA: Trustee breached duties by cheaply selling property, paying herself
The Indiana Court of Appeals affirmed Friday that a woman breached her duties as a trustee after she sold several real estate properties from a living trust for less than their fair market value and then paid herself.
Excise Police: Lake County retailer caught selling counterfeit vaping pods
Boxes of counterfeit fruit-flavored Juul vaping products discovered during the execution of a search warrant were confiscated from a Lake County store Friday after a customer reported the products were fake.
Restraining order keeps Indianapolis mobile home park open
A company attempting to force dozens of residents out of their mobile homes at the I-70 Mobile Home Park on Indianapolis’ west side has been halted after a court granted a restraining order sought by Indiana Attorney General Curtis Hill’s office Thursday.
Lawyer who owns Brown County’s Story Inn dies at 63
Richard “Rick” Hofstetter, the lawyer-turned-businessman who operated the popular Story Inn in southern Brown County, died Oct. 1. He was 63.
COA: Dollar Tree can open on former Walgreens lot
The denial of an Indianapolis property owner’s request to put a Dollar Tree in a vacant drugstore building was an abuse of discretion, the Indiana Court of Appeals affirmed in a Friday decision.
Indianapolis’ Oaktree Apartments demolition order affirmed
A demolition order for a northeast-side Indianapolis apartment complex vacant for more than five years was affirmed Thursday by the Indiana Court of Appeals, which stopped short of ordering the dilapidated property’s owners in England to pay the city’s legal fees in long-running nuisance litigation.
Steak n Shake makes $8M legal settlement, suffers downgraded credit rating
Indianapolis-based Steak n Shake Inc. has agreed to pay $8.35 million to settle two lawsuits that claimed the chain failed to pay managers for overtime hours they worked.
Tax Court: Scanty evidence fails to lower property value
The Indiana Tax Court affirmed an Indiana Board of Tax Review’s determination that evidence presented to reduce a property’s assessment of improvements was not probative of the property’s 2016 market value-in-use.