Finish Line gets banged up in new e-commerce study
A report from the investment firm Credit Suisse analyzed the e-commerce capabilities of Nike, Finish Line and Foot Locker and found Nike is far and away the leader.
Real Estate
Articles
City Center to see blitz of projects this summer
After years with little construction activity at City Center in Carmel, four projects are expected to break ground this year that will bring more parking, housing and retail to the city’s core.
Scott Jones offers rooms for rent in Carmel mansion
Tech entrepreneur Scott Jones has made Hawaii his primary residence, so he’s now renting rooms at his 30,000-square-foot Carmel mansion to lodgers through home-sharing site Airbnb.
Area home builders off to best first quarter since 2007
Indianapolis-area residential builders are off to their best start in almost a decade thanks to a big surge in new-home buying the past two months.
Existing homes sales still falling in tight market
Sales of existing homes in central Indiana showed a 2.5 percent decline in March, marking the 11th monthly decrease in the last year.
G. Thrapp protege continues jewelry legacy in Butler-Tarkington neighborhood
Dana Friedman, a longtime employee of Gary Thrapp’s, has opened Petite G Jewelers in part of the space occupied by her former boss. In other retail news, a seafood restaurant is coming to Mass Ave.
Transit center architect covets clean lines, eco-friendly features
The co-founder of Axis Architecture + Interiors says design is a collaborative, participatory process that’s based on research and listening.
Developer plans $5.6M revamp, expansion of 16th Street apartments
Axia Urban has purchased the former Bon Air Apartments, between Meridian and Illinois streets, and is set to renovate the three structures, as well as build another.
Downtown’s Legal Beagle quietly closes, but could reopen soon
The contents and liquor license of the hallowed pub near the City-County Building are attracting strong interest, says the broker coordinating the sale.
Pacific Sunwear files bankruptcy as shifting tides cut sales
Retailer Pacific Sunwear of California Inc., which operates 11 stores in Indiana, filed for bankruptcy protection Thursday after what it called years of management blunders.
IPS board chief recuses herself from Mass Ave land sale
To avoid appearances of a conflict of interest, Mary Ann Sullivan has removed herself from the bid process because of her husband’s ties to the two Milhaus bids.
Timelines for construction projects along I-69 overlap
Nearly $126 million of federal, state and local dollars will be pumped into the heavily traveled highway to give it a major face-lift from 106th Street to north of Campus Parkway.
$1B Methodist revamp might spawn housing rush
Indiana University Health hopes its $1 billion plan to expand Methodist Hospital will spawn nearby development, creating an area where employees can live adjacent to where they work.
Developers withdraw proposal for Mass Ave digital display
They said they would submit another design for the billboard after it became clear Wednesday that Indianapolis Historic Preservation Commission members wouldn’t support the current version.
Rendering: Historic church property’s conversion into hotels
Downtown’s Bethel African Methodist Episcopal Church is part of a $30 million plan to redevelop the property into two hotels totaling more than 200 rooms.
Judge urges Staples, Office Depot to discuss $6.3B deal
U.S. judge urged Staples Inc. and Office Depot lawyers to “sit down and talk” with the Federal Trade Commission about terms for resolving the agency’s opposition to their proposed merger.
Local CBRE office loses leader to another real estate firm
The Indianapolis area’s largest commercial real estate brokerage is searching for a new director with the departure of John Merrill to co-lead the local office of Holliday Fenoglio Fowler LP.
Long-struggling surfwear chain nearing bankruptcy
Pacific Sunwear of California Inc., which operates 11 stores in Indiana and three in the Indianapolis area, is preparing to file for bankruptcy, according to people with knowledge of the situation.
Big southwest-side industrial project begins approval process
The 2.2-million-square-foot development would add to the growing inventory of industrial buildings, which is causing vacancy in the sector to tick up.
Montage on Mass developers prepare again to push ‘digital canvas’
They argue that the three-story display is critical to promoting the local arts community. But city historic preservation staff has recommended that it be denied.