Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
In a stunning move, IUPUI has decided to close the University Place Conference Center and Hotel on West Michigan Street and will use the space for student housing, dining and classrooms.
The National Art Museum of Sport is considering leaving Indianapolis, a possible move stemming from the planned conversion of its home at University Place Conference Center and Hotel into a student residence hall for IUPUI.
An apartment building under renovation in downtown Indianapolis caught fire Monday morning, causing an estimated $200,000 in damage. Firefighters were dispatched to the 23-unit Burton Building Apartments at 821 N. Pennsylvania St. at 6:42 a.m. No injuries were reported. A cause is being investigated. Partners in Housing typically uses the building to house U.S. military veterans who are at risk of being homeless. The building was slated to be filled with residents again in a month after renovations.
The Indiana State Fair has hired a chief operating officer and a director of safety and security as part of management changes spurred by last summer's deadly stage-rigging collapse.
Two vacant big boxes are getting new users: Burlington Coat Factory at the northeast corner of 82nd Street and Allisonville Road, and The Tile Shop along U.S. 31 just south of Stop 11 Road.
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.
The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.
Pepsi is dropping its name from the Indiana State Fairgrounds' Pepsi Coliseum after more than 20 years as the arena’s title sponsor. Fair officials could not agree on a new naming rights contract with PepsiCo Inc.
Environmental control maker Jackson Systems LLC plans to expand its Beech Grove operations, almost doubling its work force and the size of its headquarters by 2014.
Victoria Schneider Temple’s 50-year-old family engineering firm, The Schneider Corp., survived drastic cutbacks during the recession through a culture of respect and integrity.
Bill Oesterle’s firm Henry Amalgamated has purchased 48 properties in the Holy Cross neighborhood from 2006 through this May. Nearly 40 percent of those purchases have been made since Angie’s List struck a $7.1 million incentives deal with the city of Indianapolis in October.
Officials expect a plastic packaging manufacturer to start production this summer at a former central Indiana auto-parts factory that closed six years ago.
The $6.5 million project, led by the Children’s Museum of Indianapolis, will include 50 apartment units, 22,000 square feet of commercial space and a 2-acre park. Construction could start by the end of the year.
