Central Indiana homebuilders see slowest March in eight years
Single-family construction permit filings have fallen for the past four months following a 14-month streak of year-over-year increases.
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IBJ Podcast: Why tech execs bought The Vogue in Broad Ripple
High Alpha’s Eric Tobias talks with podcast host Mason King about what he and two other tech execs plan to change at the 81-year-old venue (think glass barware and a larger green room)—and what they think the club is already doing well.
Developer accused of unprofessional conduct ahead of city hearing on bond funding
The developer of two mixed-use projects south of Massachusetts Avenue downtown has been accused of harassing opponents. They’re asking city officials to deny his request for $7 million in financing due to his actions and temperament.
Pier 1 plans as many as 145 store closures in restructuring effort
The retailer said it would close stores where leases were expiring or where it was unable to get reduced rents. Pier 1 has two stores in Indianapolis and three in the suburbs.
Sears sues former chairman Lampert over losses
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
California-based burger chain coming to Indy with multiple locations
Fast-food chain Burgerim says it has six franchisees who plan to open restaurants around the state, with sites already secured in Indianapolis, Carmel and Greenwood.
U.S. retail sales bounce back with healthy March surge
The Commerce Department said Thursday that sales last month had their strongest increase since September 2017. During the past year, retail spending has grown 3.6%.
IU program makes leap into Columbus by design
IU’s small architecture program in Columbus is not seen as threat to Ball State, but it could give a big boost to Indiana’s modernism mecca.
Flaherty & Collins hires law firm partner
Kyra Rimsans had been a partner at Barnes & Thornburg.
IU gets approval for $56M plan to overhaul mold-plagued dorms
The State Budget Committee signed off Wednesday on IU's plan to accelerate the overhaul of the Foster and McNutt complexes.
Grocery newcomer says market ripe for growth
Needler’s Fresh Market, which entered the Indianapolis market in 2017, says it’s so bullish on its local prospects that it’s already looking to expand here.
Filling Anthem space on Circle ‘not going to happen overnight’
Little progress has been made in replacing Anthem Inc. in the Monument Circle building that, until the end of last year, served as headquarters for the Indianapolis-based health insurance giant.
Memory Bank: Shooting marbles in 1941
The Indianapolis Times hosted a marbles contest on May 24, 1941, at the World War Memorial Plaza.
Local lender files $20M lawsuit against fast-food franchisee
An Indianapolis-based company that specializes in lending money to restaurant franchisees has filed suit against the operator of 70 fast-food restaurants in Indiana and three other states, claiming it breached its loan agreements.
Caito Foods faces lawsuit linked to recalled melons
A Louisville woman alleges she became ill with salmonella after eating pre-cut melon produced by Indianapolis-based Caito. The firm issued a voluntary recall last week. Kroger is a co-defendant in the case.
Student apartments near IUPUI to get 72-unit addition from new developer
Indianapolis-based Spectra Student Living bought an existing complex on 10th Street for $23 million and is planning a second phase with units overlooking the White River.
Sheet-metal firm planning $4.2M expansion, 40 hires for new unit
Greenwood-based Poynter Sheet Metal Inc. and its landlord have applied for partial property tax abatements on the project that would save them a total of $595,000 over 10 years.
Mainstream retailers embrace CBD despite unproven benefits
CBD’s growing demand persists despite very little evidence for all the health claims the industry touts.
U.S. store closures this year already exceeding 2018 total
The number of closures indicates that traditional retailers are struggling to respond to shoppers' increasing shift online even as they're working hard to reinvent their businesses.
Crew, Fishers find alternate site for carwash, expand plan to include new headquarters
Crew Carwash and the city of Fishers announced Friday morning that the company will build a corporate headquarters and a carwash not far from the controversial location where Crew previously had wanted to build a carwash. Crew plans to spend at least $10 million on the project.