Vacant IPS buildings draw bids from developers
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
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U.S. retail sales droop as consumers stay cautious
Retail sales fell 0.3 percent in June, the Commerce Department said Tuesday, the weakest showing since February's harsh winter weather kept shoppers indoors. The weak spending was broad-based.
South Bend real estate firm launches local office
Bradley Co. has entered the market by bringing on board David Reed, who launched another firm’s office in Indianapolis before it became part of a large multi-brokerage acquisition.
Indy’s director of development leaving for IU gig
Adam Thies will leave the position he’s held since 2012 to join the university as its assistant vice president for capital planning and facilities. Thies starts his new job Aug. 17.
Westfield gateway development to include four-story hotel
A development on the southwest corner of U.S. 31 and State Road 32 in Westfield could include a four-story hotel and several other retail buildings.
$17M Marriott hotel in works near Lucas Oil Stadium
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
City’s callout for theater savior gets chilly reception
The city’s attempt to find a partner to manage and redevelop downtown’s historic Indiana Theatre building attracted just one proposal.
Hotel to pioneer unique training program for people with disabilities
An Indianapolis not-for-profit is readying to open a 150-room Courtyard by Marriott in Muncie billed as a first-of-its-kind teaching hotel for people with disabilities.
Two newcomers aim to carve out share of crowded steakhouse market
Can downtown handle a dozen high-end temples for red meat? Indianapolis already is the eighth-most carnivorous city in the country.
How Biglari shielded himself from another proxy battle
Sardar Biglari was able to use shareholder money to boost his voting power to nearly 50 percent.
Subway planned to rebrand Fogle as family man before raid by FBI
Before federal investigators raided the Zionsville home of Subway spokesperson Jared Fogle on Tuesday, the company was in the midst of rebranding him to revive stagnant sales.
Rendering offers vision for vacant Irvington lot
The vacant lot along East Washington Street that Irvington officials are marketing for redevelopment has yet to attract any offers. But an architect’s rendering is giving residents an idea of what could be built there.
Castleton Park acquired by New York real estate investor
One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
Subway suspends ties with spokesman Fogle after raid
“Subway and Jared Fogle have mutually agreed to suspend their relationship due to the current investigation,” the sandwich chain said Tuesday in a written statement. The separation is jarring because the 37-year-old everyman has become a familiar face around the world.
Starbucks perking prices on some drinks by 5 to 20 cents
A small and large brewed coffee will each go up by 10 cents in most areas of the country, Starbucks says. That would bring the price of a large coffee to $2.45 in most U.S. stores.
Upstart restaurateur opening Public House in SoBro
Indianapolis native Brian Baker plans to start serving patrons late this fall from his South American-themed Open Society Public House on College Avenue, catty-corner to Greg Hardesty’s celebrated Recess.
Rare downtown condo project under construction in Lockerbie
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
Highland seeks to wedge upscale homes on golf course grounds
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Indiana law spurs ‘fireworks tourism’ from Illinois
Fireworks store owners in northwest Indiana say half to 80 percent of their business comes from Illinois, where fireworks are strictly regulated. That’s also good for restaurants and other retailers.
Ironworks developer planning next phase for apartment project
Hendricks Commercial Properties has purchased the adjacent La-Z-Boy building and is planning to build more apartments on the high-profile property at 86th and Keystone.