Westfield schools plan May referendum to pay for construction projects
The district’s school board voted Tuesday to have a special election May 2 to ask residents for a tax hike to raise $90 million.
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Articles
Sears to sell famed Craftsman tool brand to Stanley Black & Decker
After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand.
Co-working company buys downtown’s Circle Tower
Level Office said it plans to devote part of the building to membership-based co-working space with private offices and communal lounge areas, an espresso bar, 500-megabits-per-second fiber internet and local beer on tap.
Neighbors sue to block $23M College Avenue development
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
Greenwood pays $1M for downtown middle school property
The city bought the 19-acre site that officials think will be a big draw for further development in the area.
Popular Chicago-area chain Portillo’s plans Fishers location
The chain, known for its Italian beef sandwiches and Chicago-style hot dogs, has begun recruiting managers for a Fishers location that it says will open this year.
Local Macy’s, Sears stores escape new round of closures
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
Limited stores, including two in Indy, closing nationwide
The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.
Pence extends minimum energy standards for buildings
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
Longtime Indiana Avenue bar, restaurant closing
Bourbon Street Distillery at 361 Indiana Ave. will serve its last customers on Friday, after 15 years in business.
HHGregg hires new chief merchandising officer
Aaron Trahan, 32, is the fifth person to hold this job since 2012 at the struggling Indianapolis-based retailer.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
Developer embarking on three downtown for-sale housing projects
Onyx + East is planning a mix of condo flats, townhouses and row houses at the three locations, two of which should see construction activity within a few months.
ANDREWS: With employee ownership, firm takes road less traveled
Indianapolis construction firm Shiel Sexton Co. finalized a transaction Sept. 30 making it 100 percent employee-owned.
$50M Penrose on Mass project to get underway following parcel sale
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
Sears Holdings lines up $200M in financing to stay afloat
The move signals that hedge fund manager Eddie Lampert remains committed to bankrolling Sears, even as the once-mighty department-store chain suffers from dwindling sales and billions in red ink.
High CFO turnover for retailers a sign of the times
The rapid turnover is a symptom of the quickly changing retail industry, as shifting consumer behavior demands new strategies from companies trying to keep up.
UPS says it expects to make 1.3M returns to retailers in one day
UPS expects to deliver 1.3 million packages back to retailers on Jan. 5, which is celebrated by the delivery service as “National Returns Day.”
Holiday sales on pace for biggest gain since 2005
Shoppers abandoned their early reluctance and pushed U.S. holiday sales to the biggest increase in more than a decade, a research firm said Tuesday. Online sales grew an estimated 15 percent as Amazon Inc. had its best season yet.