Real Estate & Retail

City finally lands development for Market Square

December 28, 2013
Scott Olson
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper in what would be the tallest new downtown development since the 34-story JW Marriott hotel opened in 2011.
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Target says customers' encrypted PINs were stolen

December 27, 2013
Associated Press
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
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Steak n Shake cooks up expansion plan for Saudi Arabia

December 27, 2013
 IBJ Staff
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
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Bloomington defends tough smoke-detector ordinance

December 26, 2013
Associated Press
Property owners sued in July to block the law, which requires landlords to install hard-wired smoke detectors by 2019.
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HHGregg's CFO to depart in January

December 26, 2013
Mason King
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
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Holiday sales at stores down for third consecutive week

December 23, 2013
Associated Press
Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.
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Bill to target abandoned-home epidemic in Indiana

December 23, 2013
Chris O'Malley
Sen. Jim Merritt, R-Indianapolis, wants to shorten the amount of time vacant homes sit idle.
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U.S. credit card info is easy pickings for hackers

December 22, 2013
Associated Press
Incidences like the recent data theft affecting 40 million Target customers could become more common as retailers, banks and credit card companies argue over who should pay for security upgrades.
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Pittsburgh grocer jumping into Indy market

December 21, 2013
Scott Olson
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
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Rebranding of bird-food retail chain ups emphasis on core product

December 21, 2013
Sam Stall
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
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Finish Line sees strong quarterly profit on big revenue rise

December 20, 2013
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
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Fury and frustration over Target data breach

December 20, 2013
Associated Press
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.
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Holiday shopping season: A disappointment so far

December 19, 2013
Associated Press
Sparse crowds at malls and "50 percent off" signs at The Gap and other stores offer clues as to how this holiday season is shaping up so far: It's the most discount-driven one since the U.S. was in a deep recession.
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Well-known auto dealer O'Brien dies at 82

December 18, 2013
 IBJ Staff
In an auto-sales career spanning more than 50 years, Tom O'Brien built on a single dealership started by his father and created a multi-dealership business that today includes 16 family members.
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City Center expansion plans could cost $100M

December 17, 2013
Andrea Muirragui Davis
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
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Homebuilders see second straight drop in permit filings

December 17, 2013
 IBJ Staff
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year's number through 11 months has already exceeded 2012's full-year total.
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Owners of Regions Tower putting building on the market

December 17, 2013
Scott Olson
Office brokers say the 662,000-square-foot-building, downtown's third largest, could fetch more than $60 million, or about $100 a square foot.
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Group plans $2.8B mall buy from firm with heavy Simon ownership

December 16, 2013
Bloomberg News
Carrefour SA joined a group of institutional investors to buy 127 European shopping malls in a $2.75 billion deal with Klepierre SA, which is 29-percent owned by Simon Property Group.
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Area home sales fall for third straight month

December 16, 2013
 IBJ Staff
Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
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Union Station gets new scrutiny after spate of repairs

December 14, 2013
Scott Olson
Seeing small repair projects pile up at the city's iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
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Commercial blitz may follow Westfield's housing boom

December 14, 2013
Andrea Muirragui Davis
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
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Renowned architects creating unique park at Eskenazi HospitalRestricted Content

December 14, 2013
Lou Harry
Eskenazi Health leadership's desire to connect the diversity of its hospital's population through a healing park drew in a landscape architect firm that is not only one of the top in the country, but also one of the hottest architecture firms in the world.
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Tesla car dealership debuts at Fashion MallRestricted Content

December 14, 2013
The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.
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Simon plans for spinoff get warm reception from Wall Street

December 13, 2013
Scott Olson
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
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Indy-based Simon spinoff will include 13 Indiana centers

December 13, 2013
Scott Olson
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon's properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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