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CREC Sells Stake in Indiana Multifamily Property

Sterling Group has acquired the interest from the Ohio-based private equity firm. CREC has sold a stake in a multifamily asset in Indiana. ....

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Sterling Group Acquires Indianapolis-Area Community

Sterling Group has acquired VER at Proscenium, a 196-unit community, which is part of a mixed-use development in Carmel, Ind. ....

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North of 96th roundup: Dry Goods, Ross Dress for Less plan openings – Indianapolis Business Journal

Numerous retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here's a rundown. ....

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New grocery store on the horizon

New grocery store on the horizon
Updated 6:56 AM;
Aldi, a discount supermarket chain, paid $1.35 million for 2.6 acres at Rangeline Crossing on Rangeline Road and Interstate 10 in Tillman’s Corner, according to Vallas Realty, which represented the seller, 24/7 Development Partners of Alabama. Rangeline Crossing is an 84-acre site that includes the 60,000-square-foot outpatient facility for the Veterans Administration, as well as Foosackly’s, Whataburger, Starbucks and other businesses. Capital Growth Real Estate represented Aldi.
A local investor paid $850,000 for 3.4 acres on Ala. 181 in Fairhope adjacent to the proposed Aldi grocery store site, according to Vallas Realty, who represented the buyer. Capital Growth Real Estate worked for the seller. ....

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You can never have too many tacos

You can never have too many tacos
Updated 8:43 AM;
A 2,500-square-foot office building at 653 Government St., in downtown Mobile, was purchased by investors for $410,000, according to Richard Weavil of The Weavil Company, who handled the transaction. The seller was Ken McElhaney, a long time State Farm insurance agent who plans to retire, according to Weavil. The buyers have leased the building.
P.S. Taco Company has leased 1,800 square feet in Rangeline Crossing, a new retail strip center development at 5000 Rangeline Crossing Drive in Mobile, according to Jill Meeks of Stirling Properties, who represented the landlord. P.S. Taco Co. plans to open this fall. This marks the fourth Alabama location for the Mobile-based taco company with restaurants in Foley, Saraland and another opening soon on Cottage Hill Road in Mobile. ....

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