Amazon, Sprint eye stores that RadioShack might exit
On the edge of bankruptcy, RadioShack is moving toward a deal to sell a large portion of its 4,000-plus U.S. stores and close the rest, sources said.
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Simon posts strong quarterly, annual earnings
Quarterly profit grew to $405 million, as occupancy in Simon Property Group’s retail properties increased to 97.1 percent, a company record for year-end occupancy.
PulteGroup amasses 270 acres in Plainfield to build homes
PulteGroup is embarking on a large residential development in Plainfield that provides one of the clearest signals yet that the local housing market is on the mend.
Colts pick Lids in new merchandise management deal
Lids replaces Indianapolis-based MainGate Inc., which has been with the team since it moved into Lucas Oil Stadium. The Colts store at Circle Centre mall has closed, but at least one new store is in the works.
HHGregg quarterly results fall short of expectations
The Indianapolis-based appliance, electronics and furniture retailer suffered through a tough end-of-the-year quarter that couldn’t be rescued by holiday shoppers.
2015 Forty Under 40: Justin Moffett
Justin Moffett, 35, partner in Old Town Design Group, has found strong demand for his company's craftsman-style homes.
2015 Forty Under 40: Traci Kapsalis
Traci Kapsalis, 39, vice president of leasing and development at Duke Realty Corp., manages a portfolio of 3 million square feet.
2015 Forty Under 40: Micah Hill
Micah Hill, 38, is director of for-sale marketing at Milhaus Development, and has added the role of builders association president.
Roundup: Broken Beaker coming to Mass Ave, Rural King to Greenwood
A distillery is set to take the space formerly occupied by Bikes on Mass Ave, which plans to reopen nearby with a concept hawking beer and coffee. Plus: Mooyah burgers in Noblesville, go-karting in Fishers, and a craft brewery in Carmel.
McDonald’s CEO, an Indy native, steps down as sales decline
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
Duke Realty sells 62 office buildings for $1.12 billion
Indianapolis-based Duke announced the massive sale Wednesday at the same time it released a quarterly financial report that mostly met analyst expectations
2015 Forty Under 40: Michael Grimes
Michael Grimes, 37, vice president of omni-channel marketing for Finish Line Inc., is the athletic-shoe powerhouse’s key integrator of store and online experiences for customers.
2015 Forty Under 40: Adlai Chester
Adlai Chester, 34, chief financial officer of Mainstreet, juggles finances for more than $1 billion in post-acute health care properties.
Developer updates plans for Broad Ripple apartment project
Browning Investments has dubbed its apartment-and-retail development to be built along the Central Canal as The Coil. Its 150 units are more than originally envisioned.
Office, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Kokomo sues state over proposed downtown baseball park
The city filed a complaint Monday in a Marion County court against the Indiana Department of Homeland Security, saying the agency’s opposition inhibits the city’s ability to complete the $9 million project.
Struggling strip centers reorganizing under bankruptcy
The two centers are owned by Centre Properties and located on the east and west sides of Indianapolis. Meanwhile, in a separate case, a lender is seeking to foreclose on several industrial buildings.
U.S. home sales fall off on decline of first-time buyers
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month. But over the course of the entire year, sales fell 3.1 percent.
Trucking company buys former off-airport parking land
Knight Transportation paid $4 million for the site in Plainfield and plans to build a driving school where a parking firm once operated before it was purchased last year by a competitor.
IU Health on course to spare Methodist, close University
All signs point to University Hospital’s being shuttered as Indiana University Health goes from three downtown hospitals to two.