No assembly required? Ikea to buy services site TaskRabbit
Furniture retail giant Ikea—which is set to open a massive new store in Fishers on Oct. 11— is making moves so you don’t have to assemble a sofa or bookcase yourself.
Real Estate
Articles
Archer’s property could start domino of development on south side of 116th
Since 2014, developers have invested nearly $90 million between three projects on the north side of 116th Street in Fishers. Now, the south side—mostly lined with small, one-story retail buildings and parking lots—could see a similar boom.
Finish Line shares spike on latest takeover report
Shares in Finish Line Inc. surged late Thursday after the New York Post reported the Indianapolis-based retailer was nearing a deal to be acquired by United Kingdom-based Sports Direct International.
Hospital system leases north-side building
St. Vincent Health filed an application Sept. 22 with the state, seeking to remodel 192,327 square feet of the Parkwood West Building, 250 West 96th St., for administrative offices.
Popular Mexican restaurant in Fishers plans second location
Riviera Maya Mexican Cuisine, 8657 E. 116th St., has announced plans to open a second eatery in a highly visible but long-abandoned former restaurant site near 96th Street and Interstate 69.
Changes afoot at Greek dining mainstay
The owners of Santorini Greek Kitchen in Fountain Square are bringing in a management firm so they can fully concentrate on their new downtown banquet facility.
Chicago-based taco bar preparing to open downtown Indy location
A restaurant with three locations in Chicago plans to occupy the first-floor space vacated earlier this year by Tilted Kilt Pub & Eatery at South Meridian and Georgia streets.
Fishers seeking to develop two parcels by Nickel Plate Amphitheater
The parcels, which are divided by Municipal Drive, could be developed into 65,000 square feet of office space.
Central Indiana homes sales, prices rise amid tight inventories
Existing-home sales in central Indiana rose 3.7 percent in August despite rising prices and an ongoing decline in housing inventory.
Oklahoma City firm set to buy spiffed-up Market Tower
Square Deal is purchasing the 30-story building from Zeller Realty, which put it on the market in the summer after spending millions on renovations and improving occupancy.
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.
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.