Target increasing holiday hiring by 4%, to more than 130,000
Retailers will likely have a tough time attracting holiday help again this year. Unemployment is near a 50-year low, and people can be pickier about where they work.
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Wendy’s relaunching breakfast, plans to hire 20,000 nationwide
Wendy’s plans to relaunch a breakfast menu across the United States next year, it announced Tuesday. It plans to spend $20 million this year and help franchisees hire 20,000 employees to support the effort.
Council approves incentives for $66M downtown project
The Indianapolis City-County Council on Monday night approved nearly $10 million in financial incentives for a Denver-based developer that is planning a 13-story apartment, retail and office project across the street from the Indiana War Memorial.
Kittle’s Furniture invests in Zionsville online retail startup
Kittle’s Furniture has provided seed funding to accelerate retail startup ParkerGwen.com’s growth, the companies announced Monday.
One of Carmel’s oldest neighborhoods fighting to stave off redevelopment
Homeowners in Johnson Addition, which was built in the late 1950s and early 1960s, say their neighborhood is charming and one of the few affordable neighborhoods left near Carmel’s downtown—and they want it to stay that way.
Treasury unveils plan to privatize Fannie Mae, Freddie Mac
The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing risk to taxpayers, while still preserving homebuyers’ access to 30-year, fixed-rate mortgages, a pillar of housing finance.
Former bakery warehouse site to be cleaned up with $345,000 grant
The east-side site was used by Colonial Baking Co. as warehouse storage, truck loading and truck repair from the mid-1950s through the 1990s. It is contaminated with heavy metals and petroleum compounds, and has remained unused for decades.
Walmart to stop selling ammo for handguns, short-barrel rifles
The retailer has long found itself in an awkward spot with its customers and gun enthusiasts. Many of its stores are in rural areas where hunters depend on Walmart to get their equipment.
Bottleworks District hires development exec
Gavin Thomas, a former development executive at Kite Realty Group Trust, replaces Isaac Bamgbose, who departed Hendricks Commercial Properties earlier this year for a similar role at Ambrose Property Group.
Local firm spends nearly $21M on north-side apartment complex
After winning an intense bidding war, The Ardizzone Group expects to begin upgrades to Harbour Pointe in the next 18 months, addressing about 60 units every 30 days over a five-month period.
IBJ Podcast: Upland expands Indiana footprint as it sends beer overseas
Host Mason King talks with Pete Batule, Upland’s chief operating officer, about the company’s growth, including its busy new brewpub in Fountain Square, and the line of sour beers that its selling across the country and overseas.
How to be a buyer in a seller’s market
This summer, houses in central Indiana sold after being on the market an average of just one month, half the time of homes sold in 2015. And that’s the average of all houses. Those that are move-in-ready and in desirable neighborhoods—the kinds of homes most buyers are looking for—are often sold within hours or, at most, a few days.
Arts-and-crafts homeowner in Greenfield keeps it authentic
Former Navy nurse Bob Morrison developed a taste for arts-and-crafts-style homes while serving on the West Coast and found the perfect outlet for that passion back home in Indiana.
Residential Real Estate: Marketplace Stats for August 30, 2019
Housing inventory remains low at just 1.6 months, meaning that’s how long it would take to sell the region’s available housing. That’s down 5% from a year ago, when inventory was already tight.
Upland Brewing Co. using retail locations as linchpin of expansion strategy
At Upland’s newest pub, in Fountain Square, everything is meant to convey the Upland brand—a spirit of curiosity, outdoor activities and community-mindedness, infused with a Hoosier sensibility.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Three veteran real estate agent teams solidified their lock on the top three places in IBJ’s All-Star team rankings for the fourth straight year, with Dennis Nottingham’s Indy Home Pros Team taking the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus is the new top IBJ All-Star solo agent.
Memory Bank: 125 grand pianos at Butler Fieldhouse
At the time, it was considered the world’s largest piano recital—8,250 fingers on 825 pianists who played 125 grand pianos that were lined up inside Butler Fieldhouse (now known as Hinkle Fieldhouse) to open National Music Week in 1936.
McDonald’s offering harassment training to all U.S. workers
The fast-food giant said Wednesday that its franchisees have committed to provide the training—a combination of online work and in-person discussions—to 850,000 employees.
Retailer Forever 21 prepares for potential bankruptcy filing
A bankruptcy filing would help the company shed unprofitable stores and recapitalize the business. The retailer has four Indianapolis-area stores.
Dora, Shapiro plan 6-story downtown hotel on South Meridian Street
Dora Hospitality Group is teaming with the owner of Shapiro’s Delicatessen to build the hotel at Meridian and Sycamore streets. The project will bring a new IHG hotel brand to Indianapolis.