Plan for event center in former Lockerbie church faces pushback
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
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Logan’s Roadhouse files for bankruptcy, plans closures
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
HHGregg fills senior marketing vacancy, other key positions
The Indianapolis-based retailer promoted Chris Sutton to senior vice president of marketing, following the departure last month of his predecessor. It also hired two merchandising execs.
Average U.S. farmland prices suffer first drop since 2009
The trend hasn’t yet hit Indiana, according to the latest numbers from the U.S. Department of Agriculture, but numbers from a Purdue University survey released earlier this month say otherwise.
Roundup: The Boiling, Jack’s Pizza opening downtown; Metro Diner adding third outpost
Seafood restaurant The Boiling is taking space where its oddly named predecessor lasted mere months, while Metro Diner is coming to a college campus.
Red Cross, new CEO adjust to different way of working
Chad Priest took the reins of the Indiana Region of the American Red Cross in the aftermath of drastic chapter closures and in the midst of preparations to relocate the Indianapolis headquarters.
Downtown Ruth’s Chris to undergo $2M renovation as stakes rise
The steak house will close for three weeks in early September to allow for updates to the 20-year-old space in Circle Centre. It faces growing competition downtown among red-meat purveyors.
Former funeral home on East 10th Street to become events center
A downtown developer has bought the large, Victorian-style home that was built in 1898 by Fremont Alford, a prominent Marion County judge.
HHGregg loses money again, but tops analyst expectations
HHGregg Inc. failed to turn a profit for the 11th straight quarter as sales at the Indianapolis-based retail chain continued to fall, but the company did see some improvement in key financial categories.
Purdue survey: Indiana farmland values continue to fall
The 2016 Purdue Farmland Value Survey released Wednesday found average declines of 8.2 percent to 8.7 percent from last year, depending on land quality.
Fishers seeking to restrict retail along I-69 corridor
City Councilors soon will weigh tighter rules for stores and restaurants along I-69 to streamline the "hodgepodge" of development standards and give them greater say over new projects.
Unfinished River North commands top rents, boosts Keystone office market
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
Retailer HHGregg takes interim label off Riesbeck’s titles
Indianapolis-based HHGregg officially named Robert Riesbeck president and CEO on Monday. The executive joined the company in 2014 as chief financial officer.
Indiana continues to lead U.S. in pharmacy robberies
There were more pharmacy robberies in Indiana last year than California, which has a population about six times larger.
Kite Realty tops Wall Street expectations in 2nd quarter
Kite Realty Group Trust lost money in the second quarter but beat analyst expectations when it came to revenue and funds from operations.
Local retailers betting on board games
An expanding universe of specialty retailers in central Indiana and across the country is satiating an appetite for old-fashioned—and new-fashioned—board games.
Kite Realty spent millions on deal that didn’t occur
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
Chicken chain with big appetite for growth stumbles in Indy
After rapidly opening restaurants in Indianapolis, Atlanta-based Popeyes says they are underperforming, and it's trying to bolster their results.
Design for TWG’s $70M Park at Pulliam Square receives approval
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.
U.S. homeownership tumbles to its lowest rate since 1965
U.S. homeownership has fallen to its lowest mark in more than 50 years as rising prices put buying out of reach for many renters.