Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
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Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Zionsville approves Wal-Mart’s store plans from 2006
The decision came in response to a recent court ruling ordering the town to accept the giant retailer’s plans for a store on a 22-acre property on Michigan Road north of 106th Street.
Grocery wholesaler to lay off 187 after losing Marsh contract
C&S Wholesale Grocers Inc. says it will eliminate 187 jobs in Indianapolis and Yorktown because its contract with Marsh Supermarkets Inc. is coming to an end.
Sun King beer makes statewide move to grocers’ shelves
With $2 million in improvements to its Indianapolis brewery, Sun King now plans to distribute its Sunlight Cream Ale and Wee Mac Scottish Ale to grocery and convenience stores across Indiana.
Colts sign new lease for airport hanger after paying for improvements
The Indianapolis Colts organization is getting a break on rent for its 20,000-square-foot hanger at Indianapolis International Airport after doing some rehab work.
Chicago’s new older smoking age could increase Indiana sales
Chicago's move to raise the minimum age to purchase cigarettes to 21 could increase smoke shop sales in northwestern Indiana, experts said.
Fishers gets clearance to open airport land for offices, manufacturing
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
Area home builders off to best first half since 2007
Area filings have risen on a year-over-year basis for the past seven months.
HHGregg loses yet another senior executive
The struggling appliances and electronics retailer says its senior vice president of marketing, ecommerce and strategy has resigned. He’s at least the 10th executive to leave the Indy-based firm since mid-2012.
Low appraisals torpedo sales in hot residential market
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Out-of-spotlight retailer does big business from Indy
Fullbeauty Brands, which sells through such plus-size catalogs as Woman Within and Roaman’s, ships nearly 16 million packages a year out of its Southeastern Avenue fulfillment center.
Orthopedics clinic proposes $13M investment to start medical campus in Fishers
The development, known as MedTech Park, would encompass 37 acres to the east of St. Vincent’s Hospital along 136th Street and Interstate 69.
More malls turning to unconventional tenants to fill vacancies
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
Fresh design for $22M downtown Cambria hotel takes traditional tack
With a new developer, the hotel to be built on South Meridian Street will feature a red-brick facade to better reflect the surrounding Wholesale District.
Indy property management group accused of discriminating against families
The Indianapolis-based company is accused of discriminating against families by imposing occupancy limits regardless of square footage.
Local developer buys downtown building, moves HQ there
Litz Real Estate had leased space on Massachusetts Avenue before purchasing the one-story structure on Central Avenue, which gives the company space for new hires.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Feds force local cement facility to change hands
A merger between two international cement companies—and a related antitrust investigation by the Federal Trade Commission—has put an east-side Indianapolis facility under new ownership.