Circle Centre vies to keep anchor stores
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
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Indianapolis retail roundup
Catch up on news about a new retailer, new locations for existing retailers and a couple of restaurant moves in the latest
installment of Around Town Retail Roundup.Nordstrom Rack, Container Store eye Rivers Edge
Nordstrom Rack and The Container Store are poised to open their first Indiana stores in a shopping center near Lake Clearwater.
Rivers Edge lands Nordstrom Rack, The Container Store
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.An extended retail roundup
Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.
Remnants of failed Premier Properties finally hit market
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.Amusement center taking space in Clay Terrace
A children’s amusement center is taking over the former Circuit City space at Clay Terrace in Carmel.
Around town roundup
Find out about a new Latin market and tapas bar, plans to renovate the Apple Store and post office closings.
Barrington Jewels sparkles despite economic downturn
The recession has put the squeeze on many retailers, but fine jewelry is an exception, at least at Barrington
Jewels. Owners Goel and Mitra Ahdoot are seeing their business flourish.IBJ STYLE: Scott Schuman: From L.S. Ayres to ‘The Sartorialist’
A quarter century after graduating from Warren Central High School, Scott Schuman is a top fashion blogger.
Two Indianapolis restaurants close
Sister eateries Café Nora and Ruth’s Keystone Cafe have closed, owner Jim Nethercott said.
Smith & Hawken going out of business-WEB ONLY
Upscale garden retailer Smith & Hawken will close all of its stores by the end of the year, including its Indianapolis location on River Crossing Boulevard near the Fashion Mall. The Novato, Calif.-based company has 56 stores in 22 states and has been hit hard by the recession. Sales were down 22 percent during the […]
Cafe Nora, Ruth’s Cafe close
Owner Jim Nethercott said he had to shut down Saturday because of falling traffic and other financial troubles.
His…Brightpoint’s Danish deal not so sweet two years later
The cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor
has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based
Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.Indianapolis loses two Bally fitness centers
The closures come as the parent company reorganizes and competitors pump up their local presence.
Bally Fitness locations to close
Two local Bally Total Fitness locations will close today as part of the parent company’s reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind…
BEHIND THE NEWS
BEHIND THE NEWS REITs get boost, not scorn, for selling cheap shares Here’s more evidence we’re in strange times: Indianapolis’ real estate investment trusts have been issuing hundreds of millions of dollars of stock at woefully low prices-and getting a pat on the back from their shareholders for doing so. It’s all part of the […]
REITs get boost, not scorn, for selling cheap shares
Here’s more evidence we’re in strange times: Indianapolis’ real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low prices—and getting a pat on the back from their shareholders for doing so.Simon in defensive mode-WEB ONLY
Simon Property Group Inc. CEO David Simon hasn’t lost his swagger in the ugliest retail environment of his career. During a conference call with Wall Street analysts Jan. 30, Simon touted his fi rm’s conservative balance sheet and best-in-class mall portfolio. Responding to a question about how the company is handling retail store closings, he […]
Music Mill to close next month-WEB ONLY
The restaurant, bar and concert venue Music Mill plans to shut down next month after a four-year run at 3720 E. 82nd St. near the Fashion Mall at Keystone. Music Mill’s lease was up and the sour economy has been taking a toll, said Nick Davidson, one of the owners. For more information or to weigh […]