Former Angie’s List CEO strikes deal to buy company’s HQ campus
Bill Oesterle and a group of investors have agreed to purchase the 17.5-acre site on the near-east side and could close on the deal in March.
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Circle Centre owner suing Cinnabon franchisee for unpaid rent, again
The owner of Circle Centre has sued the franchisee at least twice before. The sweet pastry purveyor then signed a 10-year lease extension in 2016.
Trump’s $1.5T plan to rebuild U.S. roads relies on local dollars
The plan intends to use $200 billion in federal money to leverage more than $1 trillion on local and state tax dollars to fix America’s roads, highways, ports and airports.
Developer seeking to add 252 apartments to culinary complex in Fishers
The luxury units would accompany 120,000 square feet of retail and two hotels slated to be built on 17 acres in The Yard along 116th Street east of Interstate 69.
Retail roundup: Fresh locales in Castleton for Sapporo, Gander Outdoors, Club Champion
Gander Mountain has morphed into Gander Outdoors under a new owner, with a grand opening for its 86th Street store on Saturday. Recent Indy-area exits include two Broad Ripple eateries and a Cancun Mexican Restaurant location.
Retail group forecasts healthy hike to retail sales in 2017
The National Retail Federation on Thursday said sales will be helped by an improving economy as well as the major tax reform.
Amazon set to roll out delivery at Whole Foods nationwide
After Amazon acquired Whole Foods for nearly $14 billion in August, rival grocers began preparing for the day the online retail giant would expand Whole Foods grocery delivery.
Developer of former GM plant site seeking $27M in infrastructure aid from city
The planned street, bridge and sewer upgrades for the first phase of the 103-acre redevelopment—considered a prime option for Amazon's HQ2 project—would be covered by a combination of city funds and tax-increment financing.
City urges big thinking on Circle Centre mall revamp
City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.
U-Haul converting empty big-box space on east side into storage units
The company has purchased the property on Pendleton Pike where a former Menards store stood and hopes to have the 1,000-unit facility ready by fall.
Closure of Carson’s stores in Indiana to cost 306 jobs
The parent firm of Carson’s revealed to state officials on Monday the scope of the five store closures it announced last week. Bon-Ton Stores Inc. filed for bankruptcy protection on Sunday.
Kroger bagging its 762-location convenience store unit in $2.15B sale
The stores employ 11,000 associates in 18 states and operate under the banners Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop.
Prices for wings come back down to earth
Intense demand for chicken wings from a growing roster of retailers drove up prices last year. Restaurateurs like Buffalo Wild Wings are relieved that supply has normalized again, just in time for the Super Bowl.
Cushman breaks from tradition by changing popular State of Real Estate event
The 35-year-old annual outlook, held in recent years at Old National Centre, this year will be conducted online instead, in what the firm says is an attempt to reach more people.
Duke Realty meets expectations with profitable fourth quarter
The Indianapolis-based real estate investment trust saw a 19 percent increase in revenue in the fourth quarter.
High-end row house project under way in Herron-Morton neighborhood
Litz & Eaton have started building 13 row homes, topping out at $800,000 each, in an area where pricey custom jobs are popping up with more frequency.
High-end homes enjoy golden sales year
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.
Cunningham stable of eateries is about to get even bigger
Serial restaurateur Mike Cunningham’s stable of eateries has swelled to 24,and he’s taking over the closed Old Point Tavern on Massachusetts Avenue and Cerulean at The Alexander hotel in CityWay.
Mainstreet sells two senior care facilities for $44 million
The Carmel-based developer and operator sold the two properties to Invesque, a public company it created and shares an address with.
With Carson’s out, what’s next for Circle Centre?
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.