Target to increase hourly base pay to $15 by end of 2020
Target Corp. said the move will help it better recruit and retain top-quality staff and provide a better shopping experience for its customers.
Real Estate
Articles
Downtown’s Pan Am Plaza building hits market
At 138,800 square feet, it’s downtown’s 19th-largest office complex. But the building played a major role in the city’s efforts in becoming a sports town worthy of hosting a Super Bowl.
Indianapolis-area builders see solid demand for new homes
Overall, single-family construction permits in the nine-county area are up 7 percent so far this year compared with the first eight months of 2016.
Finish Line reports tough quarterly results, downsizes forecast
The Indianapolis-based athletic footwear and apparel retailer also made changes to its board and executive ranks.
Grand plan on ropes to redevelop Simon estate
The residential redevelopment of the sprawling Simon estate on Ditch Road known as Asherwood that local homebuilder Paul Estridge Jr. announced late last year might not happen after all.
Firms find gold helping vendors sell on Amazon
Amazon has become such a colossal retail force that scores of companies have formed specifically to support Amazon vendors. And some of those firms are based in Indiana.
Keystone poised to buy AT&T tower that vexed current owner
Local developer Keystone Group is nearing a deal to buy the 20-story building just north of Monument Circle and is considering a range of possibilities for the half-million-square-foot property.
Roundup: Ohio taco eatery expanding to Indy; more burger joints opening
Condado Tacos commits to Broad Ripple, with plans for a downtown location, while Burger Study opens Monday amid fierce competition in the upscale burger segment.
Local firm pays $34M for two downtown apartment properties
Birge & Held snatched the Maxwell and Mozzo buildings out of Milhaus Development’s apartment portfolio, which has been on the market since February.
Indianapolis developer chosen for $72M project in Bloomington
An advisory commission has chosen a proposal from an Indianapolis-based developer for a new convention center and hotel development in downtown Bloomington that is expected to cost about $72 million.
KAR Auction Services planning $80M HQ project in Carmel
The Carmel-based vehicle reseller announced Tuesday that it intends to develop a new corporate campus that includes a 250,000-square-foot headquarters that provides room for 400 additional employees.
Walgreens, Rite Aid revise store purchase deal to $4.38B
Walgreens and Rite Aid have finally devised a combination of the nation's largest and third-largest drugstore chains that will get past antitrust regulators.
A dozen downtown restaurants claim steaks as their specialty
Whether you prefer Prime beef, Black Angus or Wagyu, or want your steak served sizzling in butter (see Ruth's Chris) or carved at your table (see Fogo de Chao), there's something here for everyone.
Fountain Square, Fletcher Place businesses weigh special tax to fund safety, upkeep
Property owners are voting on establishing a precisely targeted district that would help them pay for improvements to the up-and-coming neighborhoods.
Toys ‘R’ Us files for Chapter 11 bankruptcy
The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.
Murat group again exploring deal to sell Old National Centre property
The latest offer calls for the developer to build the Murat Temple Association a 40,000-square-foot headquarters as part of a larger hotel project on the downtown site of the Murat Shrine Temple.
Bottleworks project on Mass Ave to feature food hall
The developer of the massive $260 million project is planning for space to host a broad mix of vendors, ranging from seafood purveyors and fruit-and-vegetable stands to restaurants of various sizes.
Some Toys `R’ Us vendors cutting shipments on bankruptcy fears
Some suppliers to Toys “R” Us Inc. have scaled back shipments to the retailer as it struggles to refinance debt and avoid a potential bankruptcy filing, according to people with knowledge of the matter.
URBAN DESIGN: Amazon likely to pick an ‘18-hour city’ for HQ2
Proud of helping downtown Seattle, would the innovative firm not hope to do the same elsewhere?
Frenzy of warehouse projects fueled partly by e-commerce
More than 6.8 million square feet of industrial space is expected to be constructed in the Indianapolis area in 2017, the most ever in a single year.