Black Friday deals helped lift U.S. auto sales in November
Black Friday deals — a relatively new phenomenon for the auto industry — are expected to pull November U.S. auto sales out of their recent slump.
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Simplified Duke Realty winning over investors
The Indianapolis-based developer has narrowed its focus to industrial and medical-office properties. It's been selling off traditional office buildings, which used to make up the bulk of its portfolio.
Marketing veteran joins Circle Centre
Leslie Payne is returning to Simon Property Group to serve as director of marketing and business development for Circle Centre.
Broad Ripple jeweler finishes $3.6M renovation of historic downtown building
Nick Blum had planned to occupy the ground level but has changed course after several restaurateurs began expressing interest in the space.
‘Flexible’ lease space for tech firms to open downtown next year
A group of real estate investors have made a $10 million bet that they can sell leases in with terms as short as one year to adolescent tech companies.
Estridge, Browning plan 100 homes, inn on Simon’s Asherwood estate
Local homebuilder Paul Estridge Jr. has agreed to purchase the sprawling Simon estate on Ditch Road known as Asherwood and is proposing a development of 100 custom homes and an inn on the 107-acre property.
Community development veteran takes reins of once-troubled city land bank
Bruce Baird is leaving the Indianapolis Housing Agency to direct Renew Indianapolis, the not-for-profit that aims to return vacant properties to the city’s tax rolls.
Report: Thanksgiving, Black Friday sales up 9 percent
According to First Data, almost 25 percent of the holiday dollars spent over the two-day period came from e-commerce, up from 18 percent last year and nearly 16 percent in 2014.
With deals offered early, Cyber Monday may lose online sales title
The Monday after Thanksgiving is traditionally the busiest online shopping day, but stores are releasing internet deals earlier, stretching them through the week, as well as making them available in stores.
Thanksgiving weekend shoppers spend less in stores, more online
Weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they’ve come to demand.
Noblesville pushes to diversify housing
A housing analysis the city recently commissioned identified a gap between single-family homes and multifamily apartments–few townhomes, condos, cottages and duplexes in dense, walkable areas.
Department stores change tactics as more sales go online
The beleaguered department-store industry, facing declining mall traffic and mounting online competition, will need more than Santa Claus to get customers in the door this year.
Prime downtown lot poised for five-story apartment project
Two local developers have slated the 124-unit project for the same block as one of downtown’s most iconic office towers.
Trust offers to buy Crown Hill land where VA plans national cemetery
Objecting to the removal of old-growth trees, local environmentalists have blasted plans from the U.S. Department of Veterans Affairs to build a national cemetery on the 15 acres.
Central Indiana existing-home sales on the rise
Existing-home sales in central Indiana rose 3.6 percent in October amid rising prices and a continuing decline in housing inventory.
Area office market set to end year on high note
Occupancy rates and asking rents are among the key indicators that continue to improve.
Old Greenwood city hall acquired, lands tenant
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
Judge halts Brownsburg annexation, rules town did not prove need
A Marion County Court has stopped an annexation by the town of Brownsburg after finding the municipality did not show that the land it wants to annex was needed for future development.
Indiana contractor accused of defrauding Iowa woman
Investigators say Shawn Bolduc Jr., doing business as American Construction of Indianapolis, pressured the elderly woman into giving him several checks totaling about $50,000 for home repair work that should have cost only a fraction of that.
Study says swaths of city in decline
A new study commissioned by the not-for-profit land bank Renew Indianapolis shows that just a tiny fraction of the city’s population is benefiting from renewed investment.