Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
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Hudson’s Bay reportedly in early takeover talks with Macy’s
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
Struggling HHGregg lays off 100 in bid to save $15M a year
In a statement, CEO Robert Riesbeck said: "While decisions like this are never easy, we are taking the necessary steps to preserve and grow our business during the continued challenging retail environment.”
Pre-cast concrete firm planning 39 hires in Whitestown
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
Kite Realty just misses quarterly expectations
Indianapolis-based real estate investment trust Kite Realty Trust fell just short of Wall Street predictions for revenue and funds from operations in the fourth quarter.
Developer blazes trail with market-rate homes at Central State
But South Bend-based Holladay Properties is about to test the demand for new housing priced in the $200,000 range on the former campus of the west-side Central State Hospital.
Bill would slap tax on online retailers
Lawmakers are advancing a bill that would compel large, online retailers to collect and send sales taxes to the state—injecting Indiana into a national tussle over the issue.
Marsh Supermarkets’ financial struggles have long history
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
State GOP leaders ready to make another run at Sunday sales
Grocery chains, convenience stores and pharmacies have pushed for years to have Indiana's eight decades-old ban lifted and be able to sell alcohol on Sundays, but a compromise has been elusive.
Milhaus putting $450M apartment portfolio on market
Indianapolis-based developer Milhaus is marketing a massive package of multifamily properties that includes several high-profile developments in Indianapolis.
Recess closing with Neal Brown eatery set to take its place
Greg Hardesty will serve his last patrons Feb. 18 at the popular bistro south of Broad Ripple. He will turn it over to another high-profile local restaurateur, who will open a Japanese-inspired concept in the space.
Roundup: High-profile Chatham Arch, Fountain Square, Coal Factory projects still in limbo
On Wednesday, members of the Indianapolis Historic Preservation Commission delayed final decisions on four major redevelopment projects. One applicant was told to start over.
New York firm acquires high-profile Carmel office park
Hamilton Crossing, a high-profile Class A suburban office park with six buildings on 44 acres along U.S. 31 in Carmel, sold for an estimated $70 million.
Citizens coke plant site has its share of ‘challenges,’ Hogsett says
Transforming the site to a criminal justice complex would take years of contaminant cleanup, officials said Tuesday, but construction could overlap with that work.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
Growing ad agency takes prime space on Monument Circle
Bradley and Montgomery has renovated the second floor of the Indianapolis Power & Light Co. building, adding modern touches while keeping some organic elements.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
Historic downtown building to house new Tapestry hotel brand
Ratio Architects is designing the project for Hilton as part of a redevelopment of One Jackson Place, a 93-year-old former hotel near Union Station.
Developer buying Milano Inn property for big mixed-use project
A South Bend-based firm envisions condominiums and a mix of retail and restaurant space on the site of the hallowed Italian eatery that closed late last year.
Fishers considers joining debate on Airbnb usage, regulations
City officials could create a committee to examine the impact of online lodging services. Carmel has come out against them, and state legislators are weighing a bill prohibiting cities from banning them.