Local hotel revenue growth beats national average
Through November, downtown Indianapolis hotels saw their revenue increase 8 percent over the same period a year ago, far ahead of the national average of 4.9 percent.
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Articles
Foreclosure suit alleges Mainscape affiliate owes more than $6M on loan
The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.
Survival questions swirl over HHGregg
The company's shares took a dramatic tumble on Jan. 9, after it reported disastrous preliminary sales figures for the quarter ended Dec. 31.
City unveils plans for City-County Building plaza revamp
The latest design plan, from Rundell Ernstberger Associates, is ready more than two years after a more expensive version was selected and ultimately scrapped due to its cost.
Oregon-based juice bar, organic nosh spot opening near Monument Circle
Developments downtown are drawing a Portland entrepreneur and Hoosier native back to the city, where Greenleaf Juicing Co. in March will open its first store outside of the Pacific Northwest.
Marsh to close store near 53rd and Keystone
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
Wal-Mart planning to add about 10,000 retail jobs in U.S.
The world's biggest retailer said Tuesday that 59 new, expanded or relocated Walmart and Sam’s Clubs locations are in the works.
Indianapolis-area home builders see busiest year since 2007
The 2016 permit number marks the fifth straight year of rising sales, but still pales when compared with the single-year high for permits in this century.
Roundup: New taqueria to replace Plow & Anchor downtown
The owners of the former Plow & Anchor restaurant, which closed Jan. 2, hope to have the Mexican eatery open within the next month.
No room in the industrial market as occupancy soars
The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
Marsh grocery chain owes more than $200,000 in unpaid bills
Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.
Talbots to close its Circle Centre store in latest clothier exit
The purveyor of classic women’s styles isn’t the only fashion retailer planning to close its location in the downtown mall in the next week.
Soldiers and Sailors Monument wins landmark status
Dedicated in 1902, it’s the largest of more than 200 Civil War memorials in the U.S. and the only one that combines large-scale sculpture in bronze and stone.
Judge denies injunction to block VA’s Crown Hill cemetery project
The Indiana Forest Alliance said the judge's ruling "makes a travesty of our environmental law" and vowed to appeal.
‘Sisters of Savings’ sell Hare Chevrolet to national firm
But the dealership’s ubiquitous commercials won’t be going anywhere.
Ambrose pays $47.8M for north-side office property
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
More pay, greater confidence lifts U.S. retail sales 0.6 percent
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and an increase in pay.
City’s vision would relink GM property to downtown
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.
Whitestown sees spike in single-family home permits
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.