City seeks to lead redevelopment of downtown IPS site
The Hogsett administration is in discussions with school administrators to take over decision-making on the 11-acre Massachusetts Avenue property and might even buy the site.
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Home sales surge in March as inventory remains tight
Home closings in 13 central Indiana counties climbed 9.2 percent compared with the same month last year, while average sale prices rose 3.4 percent.
Simon raises outlook on strong first-quarter earnings
The nation’s largest mall owner said funds from operations, a key measure of profitability, increased 15.4 percent in the first quarter while tenant rents grew.
Renderings: Broad Ripple apartment project on canal, White River
Plans for the sleek six-story project call for 105 apartments and 5,000 square feet of street-level retail at 6311 Westfield Blvd., where a three-story office building now stands.
152-room hotel pitched for south side of downtown
The owner of Tow Yard Brewing hopes to build the eight-story hotel, which would feature 6,000 square feet of retail and four levels of parking, next to the downtown microbrewery.
IU-Kokomo scores $3.5M gift from Biglari board member
Longtime Steak n Shake and Biglari Holdings board member Ruth Janssen Person has donated $3.5 million to Indiana University Kokomo, where she served as chancellor from 1999 to 2008.
Three Indiana restaurants on Bob Evans closure list
Restaurant chain Bob Evans Farms is closing 27 underperforming locations—including two in the Indianapolis area—and laying off 1,100 workers in an attempt to boost profits, it announced Monday.
Teen retailer delisted as possible bankruptcy looms
Trading in shares of Aeropostale, the retailer with five stores in the Indianapolis area, was suspended Friday as the New York Stock Exchange made plans to delist the company.
Two Indiana stores on Sears Holdings’ closure list
Sears Holdings Corp. will close another 78 stores—68 Kmart units and 10 Sears stores—as it looks to restore profitability, the retailer announced Thursday.
Development could be Broad Ripple’s tallest yet
A large mixed-use project proposed for Broad Ripple would rise even above the development under construction on College Avenue that stirred strong opposition among some residents.
Questions abound as HHGregg tries to right itself
After all the turmoil, investors are eager for signs that interim CEO Robert Riesbeck is righting the ship.
Finish Line taps Nordstrom exec to lead merchandising
The move comes as Finish Line’s new CEO strives to improve performance issues that caused the retailer to lose $32 million in sales in its fiscal third quarter.
Milhaus stepping in to tackle AT&T site in Meridian-Kessler
The company will attempt to develop the property near the intersection of College and Kessler avenues after neighbors rejected the plans of another developer.
Andy Mohr buying airport land for 17-acre dealership
Andy Mohr Automotive Group has agreed to pay about $1.3 million to buy 17.6 acres of land from the Indianapolis Airport Authority at Interstate 465 and West Washington Street for a new dealership.
Roundup: Books & Brews, Rush on Main coming to Zionsville
The location will be Books & Brews’ second in the Indianapolis area, while Rush on Main provides its take on Chicago-style fare.
Couple revisits long fight against interstate expansion
After more than a decade of fighting Interstate 69 and then watching it plow through their land anyway, a south-side Indianapolis couple thought they were done.
Indy-area office space filling up, with more big tenants in wings
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.
Vonnegut library seeks $775K from fans for move to new space
A library devoted to the life and literary works of late author Kurt Vonnegut is turning to his fans to raise money for its move to a larger location.
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.
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.