IBJ Media moving to Monument Circle
The publisher of Indianapolis Business Journal and its sister newspapers plans to relocate in March to the Indianapolis Power & Light Co. headquarters building in the southeast quadrant of the Circle.
Real Estate
Articles
City set to pay $1.5M to review needs, reimagine presence downtown
All options are on the table for the city’s future use of the City-County Building, Old City Hall, the Marion County Jail and the 500-space East Market Street parking garage.
Real estate firm planning $8.5M office project in Fishers tech park
The building will serve as a gateway to the Fishers Certified Tech Park, which is home to Launch Fishers and the Indiana IoT Lab.
Survey: When it comes to tipping, millennials are cheapest
U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed.
Rent-A-Center going private after $800 million acquisition
The chain, which leases household goods on a rent-to-own basis, has more than two dozen locations in the Indianapolis area.
IBJ PODCAST: All you need to know about Indy’s bid for Amazon’s HQ2
With central Indiana on the short list for Amazon’s $5 billion secondary headquarters project, IBJ’s reporters for technology, real estate and economic development join forces to discuss what the internet giant wants and whether the Indy area measures up.
Pogue’s Run Grocer going out of business
The food cooperative's board said "sales have hit an all-time low" and that the grocery doesn't have enough money to pay employees. The final day will be Monday.
Developer floats 84-unit duplex community for Westfield’s south side
Liberty Villas would be pitched toward active empty nesters. The area where the homes are proposed is exploding with residential development.
Developer proposes 67 homes on 14 acres in west Carmel
In a proposal that has already drawn criticism from neighbors, a developer has filed plans to build 42 townhomes and 25 single-family homes.
U.S. retail sales see biggest monthly climb in six months
U.S. retail sales soared in May, as consumers spent more at home and garden stores, gas stations and restaurants.
Retailers fume over tax-law typo that makes renovations pricier
The industry, led by Target Corp., Best Buy Co. and KFC-owner Yum! Brands Inc., is pushing for a solution a last-minute drafting error that doubles the tax costs for badly-needed store renovations.
YMCA preparing to open sixth center in Indianapolis area since 2010
The YMCA of Greater Indianapolis has been on a growth spurt the last decade. And now, with 12 facilities, it is one of the largest corporate chapters in the country.
New 360 Market Square apartment tower leaves trail of liens, litigation
Downtown’s new 360 Market Square apartment tower is leasing up nicely, but the $120 million project continues to be plagued by legal disputes related to its construction.
Memory Bank: A friendly place to congregate
In this photo taken on June 27, 1943, servicemen relax in a YMCA reading room.
Report finds affordable apartments out of reach for many area workers
The Indiana data is less bleak than the national average, which found a full-time worker would have to earn $22.10 on average to afford a two-bedroom rental.
Owners of failing malls ‘on their knees’ as buyers disappear
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
Local jewelry store to close its doors after 41 years in business
The family-owned jewelry business, which first opened in Glendale Town Center in 1977 before moving just north of 96th Street in 1991, plans to close Aug. 31—unless a late-developing plan to sell the store comes to fruition.
Under new owner, Fountain Square’s Wheeler building converting to market-rate housing
Core Redevelopment is buying the building, which houses 36 affordable-housing units, and plans to boost the number of apartments to at least 52 as part of the conversion.
Cookie shop in Circle Centre reopens under new franchisee
The owner of Gifts and Convenience, a shop in the downtown Embassy Suites by Hilton hotel, is the new franchisee for the mall cookie and desert shop, which closed early this year after a lawsuit from the landlord.
Homebuilder seeks approval for 174-home neighborhood in Hamilton County
The developer has requested a rezoning to allow for a subdivision on 63 acres north of 171st Street and east of Mill Creek Road.