Kite Realty meets expectations with third quarter results
The Indianapolis-based real estate investment trust executed 93 leases and opened spaces for 39 new tenants in the quarter.
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Sears’ Castleton, Greenwood closings create opportunities, obstacles
One complication is that Sears—not Simon Property Group—controls the Castleton Square space.
Old Southside targeted for $4M city investment through Lift Indy program
The funds are expected to help the neighborhood and its partners invest in upgrades to the area’s local park and improve the infrastructure of South Meridian Street, as well as build several hundred new units of affordable housing.
Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
Claddagh Irish Pub & Restaurant to close one Indianapolis location
The Indianapolis area is down to two Claddagh locations after the closure. The restaurant’s parent company says it plans to put the property up for sale in the next two weeks.
Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
U.S. apparel spending rises at fastest pace since 2005
Low unemployment, elevated consumer confidence and stronger household finances are encouraging shoppers to dip confidently into their cash.
Developer plans 146-unit apartment project in heart of Broad Ripple
A developer is seeking zoning changes and development variances from the city that would allow it to build a high-density, five-story apartment complex on a half-block near the Vogue nightclub.
Sears suppliers haunted by ghosts of Toys ‘R’ Us
Suppliers are still gun-shy after their experience with Toys ‘R’ Us, which went out of business months after filing for Chapter 11 reorganization in the fall of 2017, leaving them with millions of dollars in unpaid bills.
Simon Property raises outlook after solid third quarter
Simon Property Group Inc. on Thursday raised it outlook for the rest of the year after surpassing analyst expectations in a key quarterly performance category for real estate investment trusts.
East 16th Street building to be rehabbed for restaurant
The new owner bought the property from Peter George, a former co-owner of the Tinker Street restaurant across the street.
Lids Sports Group’s future growing cloudier by the day
Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.
Think tank Sagamore Institute promotes ‘impact investing’
Commonwealth Indiana aims to create both economic and social returns for investors.
Central Indiana existing-home market showing signs of weakness
Existing-home sales in central Indiana fell in September, the third month of declining sales out of the last seven, amid subpar home-buying conditions.
Duo to open Hamilton County’s first CBD dispensary
Vape and Wellness is expected to open this month in a 1,400-square-foot store near Kroger on Logan Street in Noblesville.
Dunkin’ taking on Starbucks with improved espresso drinks
Dunkin' has a long way to go. Starbucks controlled 56 percent of U.S. coffee cafe sales in 2017, while Dunkin's share was 27 percent, according to a food industry research company.
Memory Bank: The Indianapolis Brewing Co.
In this photo, taken Oct. 9, 1944, workers are packaging October Ale at the company’s facility at 316 Agnes St., which is now University Boulevard.
Outdoor fireplaces, flex space, technology are hot trends in new homes
Thanks to Pinterest and HGTV, buyers often know just want they want when they are building a new home, experts said.
Two Chicks and a Hammer to open retail space
The store, located in the Bates-Hendricks neighborhood, plan to sell items featured on Two Chicks’ HGTV home-rehab show, “Good Bones.”
Recycling company plans $6.5M warehouse redevelopment in Irvington
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.