Memory Bank: Mallory factory whirs with activity in 1943
At its height in the 1960s, the P.R. Mallory building on Washington Street had 1,500 workers.
Real Estate
Articles
Critics say downtown development group should go
The Hogsett administration and City-County Council are weighing whether to kill a little-known organization that has quietly worked for two decades on the key downtown redevelopments.
Cocktails the pros swear by
Top Indy bartenders didn't don’t merely follow recipes and serve drinks. They savor the complex interplay among ingredients and have strong opinions about what makes a great cocktail.
Banks have returned to commercial real estate in a big way, but regulators urge caution
The segment crashed in the financial crisis that began in 2008, forcing banks to write off billions of dollars in loans. But it’s roared back since, and last year national commercial real estate lending surpassed its 2008 peak.
Downtown office tower BMO Plaza sold in $70M deal
The $70 million price marks a whopping 75 percent increase over the $40 million the previous owners paid to buy the property in early 2016.
Carmel-based Splenda maker to relocate headquarters, add jobs
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
Vroom hits brakes on ambitious plans for central Indiana
Online auto retailer Vroom, which planned to hire more than 200 workers in central Indiana, has closed the massive fulfillment center it opened in Whitestown just more than two years ago.
Man, 20, sues Dick’s, Walmart over new gun policies
A 20-year-old man filed lawsuits Monday claiming Dick's Sporting Goods and Walmart discriminated against him when they refused to sell him a rifle because of his age.
Ownership changes ahead for Corner Wine Bar
The restaurant and watering hole has been a Broad Ripple fixture since its opening in 1982. Its current owners say Wednesday will be the final day of operation on their watch.
Indiana lawmakers back limits on short-term rental rules
Legislation limiting regulation of short-term rentals by local governments has been approved by Indiana lawmakers and is on its way to Gov. Eric Holcomb's desk.
Buyers of east-side relic proposing $30M redevelopment for schools
The long-vacant P.R. Mallory building on East Washington Street is closer to becoming occupied, after plans to bring the Purdue Polytechnic High School there stalled over higher-than-expected renovation costs.
Walmart plans expansion of meal kits into more stores
The move puts the world's largest retailer in direct competition with meal-kit companies such as Blue Apron and HelloFresh.
Indy Tire & Auto Service takes on new name
Indianapolis-based Indy Tire & Auto Service has a new name: Best-One of Indy.
Cushman & Wakefield names new office leader
Timothy Michel assumes the role of managing principal from Chris Yeakey, who had served in the position since November 2015.
Invesque picks up 14 medical office buildings in $142M deal
The deal includes a portfolio of 545,000 square feet of medical office space in New York, Florida and Canada, occupied by more than 400 physicians’ practices.
Mounds Mall in Anderson closing after 53 years in business
The very first enclosed shopping center developed by mall giant Melvin Simon & Associates is shutting down at the end of the month. The looming closure of anchor tenant Carson’s was the last straw for the struggling property.
Angie’s List becomes largest tenant in renovated downtown building
As part of its local downsizing, Angie’s List has signed a lease to occupy four floors of a historic downtown building, becoming the largest tenant in the 12-story office tower.
Developer lands tax credits to help save historic church
The local developer has been awarded nearly $900,000 in incentives for a senior housing project in Cumberland that will be built near the church, which was once slated for demolition.
Planned movies-and-bowling venue won’t open in Carmel after all
Kite Realty Group Trust’s plan to bring a movies-and-bowling entertainment venue to help fill big vacancies at Hamilton Crossing Centre appears to have fallen through. In 2016 Kite was moving forward with plans to bring a Frank Theatres CineBowl & Grille to Hamilton Crossing, a Carmel retail development that sits east of U.S. 31 along […]
Construction tech-services firm expanding HQ, adding 56 workers
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.