Anderson store on Target’s national closure list
Target Corp. plans to close 13 stores nationwide, including one in Anderson, the retailer announced Wednesday.
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Roundup: Fountain Square welcomes eatery; downtown dessert bar opens
Marrow opens Tuesday evening while Frona Mae began serving customers Monday from its East Washington Street space. Also, Hoaglin to Go plans second downtown location, in new YMCA.
Longtime Duke Realty CEO Oklak stepping down
The Indianapolis-based real estate investment trust said Dennis D. Oklak will retire at the end of the year as part of a succession plan and be replaced by the company’s chief operating officer.
Projects progressing along stretch of East 16th
Plans call for apartments, another restaurant from the owners of Tinker Street, and even a microbrewery or distillery.
Westfield selects Jonathan Byrd’s to operate Grand Park hotel
According to plans, the 180-room hotel will be on 5.26 acres of city-owned property immediately to the west of the future indoor soccer facility on 191st Street.
CBRE expands local operations with acquisition of Sitehawk Retail
Sitehawk, whose roots date back to 1982 as The Linder Co., has been a leading retail brokerage in Indiana for several years. CBRE had been pursuing Sitehawk on and off for years, real estate sources said.
Renovation eyed for ex-Studebaker plant in South Bend
City officials are working with an entrepreneur to turn the 950,000-square-foot building and a pair of adjacent two-story buildings into a place for high-technology businesses, manufacturing, offices, condominiums, stores and restaurants.
Wal-Mart, Target step up their holiday strategies
Wal-Mart and Target have a lot to prove this holiday season. Both are heading into the season with turnaround plans they launched after being battered by the economy and their own mistakes.
$60M mixed-use project planned for Rangeline
The ex-Party Time Rental warehouse has been an eyesore for years, but Carmel officials finally seem ready to OK a plan to transform the 6.5-acre site.
Kite Realty reports profit, bumps up earnings outlook
The Indianapolis-based real estate company said it had funds from operations of $43.9 million in the period, slightly beating Wall Street expectations.
Hinkle Fieldhouse renovation takes top Monumental Awards honor
The $36 million rehab of Butler University’s historic venue won The Monumental Award, which recognizes excellence in city architecture, engineering and construction.
Roundup: Pizza parlor opening near Butler, gelato shop coming downtown, more
Byrne’s Pizza is expanding from its food truck to open in the Butler-Tarkington neighborhood, while Georgia Street Gelato will bring more retail to the pedestrian zone.
Duke Realty sees higher profit on property sales
The Indianapolis-based real estate developer said profit increased amid a revenue decline in the third quarter with the help of property sales totaling $238 million.
Massive Greenwood retail project in works on I-65
Developer Gershman Partners is planning a $90 million retail project in Greenwood that would include 700,000 square feet of space, putting it on par with central Indiana’s major shopping centers.
Indiana Landmarks finds buyer for Glossbrenner Mansion
A local holding company plans to spend $400,000 to refurbish the historic home on North Meridian Street for office space.
UPDATE: Walgreens to acquire Rite Aid for $9.4 billion
Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Audi, Tesla and VW dealerships in Indy expansion mode
The new Tom Wood Audi debuts on the northeast side, while Tesla plans to open in Castleton and Andy Mohr steers toward a Volkswagen dealership in Avon.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Zionsville sells property near Creekside Corporate Park
After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
Downtown office market strengthening
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.