Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
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Furniture stores brace for Ikea’s incursion
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
Meijer to roll out home-delivery grocery service in Indianapolis
The regional retailer, which has about a dozen superstores in the area, said it will offer the service beginning in April through outside vendor Shipt Inc.
St. Vincent planning $13.6M education center on hotel site
The hospital system plans to tear down a two-story hotel near its Indianapolis flagship campus and build a training facility for simulating situations in acute care.
Redevelopment of Irvington Coal Factory site stalls
A plan to build a $7.7 million affordable housing project on the site failed to win the necessary tax credits to help finance the development.
Radio Shack ‘rescuer’ files bankruptcy, likely to liquidate
The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
Mayor calls on VA to halt Crown Hill cemetery project
Indianapolis Mayor Joe Hogsett on Wednesday said his “dream” would be for the Crown Hill North Woods to become part of the city’s park system.
Kokomo, Howard County officials approve bar smoking ban
Officials in a central Indiana county have approved a ban on smoking in all bars and private clubs.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
HHGregg files for bankruptcy, lines up buyer
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Department store chain Gordmans facing bankruptcy
Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The retailer has one store in the Indianapolis area and several others in Indiana.
HHGregg could file bankruptcy as soon as next week
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
RadioShack’s successor reportedly preparing for bankruptcy
A filing could happen within the coming days and will probably result in liquidation, sources said. The Indianapolis area is still home to several RadioShack locations.
Storied racetrack revved for a restart under new owner
Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
HHGregg closing 88 stores, three distribution facilities
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.
Roundup: Fountain Square fields new pizza options
The owner of Red Lion Grog House in Fountain Square intends to launch Sidekicks Pizza in the neighborhood’s most visible building, while a small Chicago-based chain plans its first location outside of Illinois.
Young design firm planning 25-employee expansion
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
Historic White Castle building gets reprieve from Indiana Landmarks
The not-for-profit has stepped in to save the downtown structure, built in 1927 and believed to be the third-oldest restaurant constructed by the burger chain.