Ambrose handing DTZ property management biz
Ambrose Property Group LLC is spinning off its property management division to DTZ, one of the largest real estate firms in the city.
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Fishers faces shortage of offices for small businesses
For businesses looking for small offices, Fishers is practically booked up. The demand for office spaces of 5,000 square feet to 10,000 square feet has ramped up recently in the fast-growing suburb, but supply hasn’t kept pace.
Early 1900s auto factory in Kokomo being demolished
Demolition crews are tearing down a century-old factory in Kokomo that once housed the operations of early automobile pioneer Elwood Haynes.
Duke Realty sees higher profit on lower revenue
Duke Realty Corp. saw higher profit in the second quarter, but a drop in funds from operations and lower revenue, the Indianapolis-based real estate developer said Wednesday afternoon.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.
Renderings: King Park’s proposed Fall Creek Place project
Architectural sketches provide a glimpse of what the development at the northeast corner of East 22nd and Delaware streets would look like. Construction could start this fall.
$8M project slated for Fall Creek Place
The development would be built on land at East 22nd and Delaware streets owned by King Park Development Corp. and would feature 47 market-rate units and 9,000 square feet of retail.
Competition for local retail workers heating up
The competition for retail workers in the central Indiana job market has grown so intense that one retailer is offering hiring bonuses.
Indiana panel recommends state stop licensing engineers
A state panel that's assessing Indiana's need to oversee dozens of occupations is drawing criticism for recommending that the state stop licensing and regulating engineers.
Pharmacy robberies up across Indiana, nation
Robberies of pharmacies to gain illegal access to prescription painkillers and other drugs have increased this year, with Indiana outpacing other states, crime data shows.
Simon sees jump in cash flow, sunny skies ahead
Simon Property Group Inc., the largest U.S. mall owner, on Friday reported a 22-percent jump in second-quarter funds from operations and increased its full-year forecast as rising employment helps lure shoppers.
Once-fringe Gen Con powers game industry
Indy’s annual Gen Con convention has become a powerhouse in the growing $880 million international hobby game business—and a boon for homegrown gaming startups, including Plowgames.
Land bank successor aims for openness
A startup not-for-profit has begun returning vacant and tax-delinquent properties to the city’s tax rolls, stepping into a void left by the disgraced Indy Land Bank.
Hamilton County’s residential boom leaves affordability behind
Only about 2 percent of the avalanche of residential units built in Hamilton County the last five years is dedicated to affordable housing.
Double 8 closes four remaining grocery stores
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.
Indy’s top 11 acquisition deals, before Anthem-Cigna
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
New plan emerges for Broad Ripple Legion site
A local developer no longer is pursuing plans to build a five-story office building on the property. A small real estate brokerage firm in the neighborhood now hopes to renovate the space and move its office there.
Giant Eagle drops plans to demolish historic Cumberland church
After a drawn-out battle with the town of Cumberland, Giant Eagle said that it won’t pursue plans to demolish the St. John United Church of Christ to build a gas station and convenience store on the property.
DMD administrator Beaubien promoted to acting director
Brad Beaubien will take over for Adam Thies, who announced last week that he was leaving on Friday to become assistant vice president for capital planning and facilities at Indiana University.
Former HHGregg manager wins class-action suit over bonuses
The complaint charged the Indianapolis-based retailer failed to factor a $40 million life insurance payout into the calculation for employee bonuses. The ruling potentially could lead to millions of dollars in damages.