Carmel to buy shopping center near City Center for $15M
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
Real Estate
Articles
Toys ‘R’ Us lenders file plan to revive brand, reopen stores
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.
Kite Realty Group makes first CFO hiring since 1999
Heath R. Fear has been named executive vice president and CFO of the Indianapolis-based real estate investment trust, replacing Dan Sink, who stepped down June 30 after serving as Kite’s CFO for almost 20 years.
Indianapolis-area builders continue to see rising demand for new homes
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Papa John’s founder admits to non-disclosure agreements with two women
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
East-side Cajun eatery calling it quits after 11 years
Owner and co-founder Art Bouvier cited myriad reasons for the upcoming closure of Papa Roux.
Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Justice center move will bring changes to 2 neighborhoods
City officials and business are already considering how Market East Cultural District and the neighborhood of Twin Aire will change when courts-related public employees move in 2022.
Whitestown makes big bet on site of former junkyard
Where scrap once heaped along Interstate 65, town officials see a community center, sports facilities, an amphitheater and maybe even a convention center.
Patachou Foundation expanding rapidly, feeding more children in more places
It has grown from serving 180 children at three schools in the Indianapolis Public Schools district in 2013 to serving 1,200 children at eight schools and five summer camps this year.
Indianapolis-area home sales jump despite less-than-ideal buying conditions
Housing affordability is at a 10-year low, but home sales are still on the increase in central Indiana.
Dunkin’ Donuts to change its name to just Dunkin’
Doughnuts are still on the menu, but the company is renaming itself “Dunkin'” to reflect the chain’s increasing emphasis on coffee and other drinks.
Bank, restaurant vacating downtown tower as work gears up for new hotel
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Shore Acres apartment complex by Broad Ripple set to expand
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Westfield council OKs rezoning for massive project near Grand Park
Before approving the proposal with a contingency, Westfield council members debated the rezoning of 321 acres near Grand Park for a project that includes a new YMCA facility.
Starbucks plans ‘significant changes’ to company’s structure
Starbucks Corp., on a mission to move faster, is planning an organizational shake-up, including corporate layoffs, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest.
DigIndy tunnel project half-completed, $400M under budget, utility says
Citizens Energy gave an update Monday on the the massive, $2 billion project, which involves a network of tunnels hundreds of feet under the city to handle sewage that would otherwise spill into local waterways.
IBJ Podcast: Can Indy support its downtown hotel boom?
Host Mason King talks with Mark Eble, the managing director of CBRE Hotels Advisory and an expert on the hotel industry in the Midwest, to find out.
Walmart mulls perks to attract new hires in tightening labor market
The nation’s biggest private employer asked hourly workers to rate potential incentives, including a sign-on bonus, child-care services, tutoring, pet care and gym memberships.