Tenacity helped seal David Simon’s latest mega-deal
Just five days after Simon Property Group spun off its strip centers and smaller malls into Washington Prime Group, executives began plotting a multibillion-dollar acquisition.
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Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Plucky owners reclaim, renew famous Hoosier trademarks
The new owners of Roselyn Bakery, Choc-Ola chocolate drink and Champagne Velvet beer got dormant but potent brands back on store shelves.
Roundup: BL&T, Kuma’s Corner, Wildwood Market
New eateries are popping downtown, in Fountain Square and in Fletcher Place, with a mix of cuisine inspired by French menus, finger food and heavy metal.
Mall retailer Deb Shops facing possible closure
Deb Shops, a woman's clothing retailer with stores in three area malls, has filed for bankruptcy protection for the second time in three years and could close its stores.
Local homebuilders have best November since 2007
Builders filed 386 single-family building permits in the nine-county metro area last month. That’s the highest number in November since 500 permits were filed seven years ago.
Sales of existing homes take November slide
The number of sale agreements for existing homes in the nine-county area in November fell 2.8 percent. A shrinking inventory led to higher sale prices.
Bus route could boost south-side development opportunities
Leaders on the city’s south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
Fletcher Place distillery ships first batch, readies new restaurant
12.05 Distillery and the accompanying Repeal Restaurant are set to open in April in the historic Virginia Avenue State Bank building.
FEMA, Indiana tell Kokomo to stop stadium work
Despite warnings about violations, Kokomo is pushing forward with the $9 million baseball stadium project, which includes spending $2.5 million on flood-prevention measures along Wildcat Creek.
Section 8 proposal angers Indianapolis landlords
Advocates for low-income housing are clashing with Indianapolis landlords over a proposal that would make it illegal to reject tenants solely because they use government subsidies to pay their rent.
Purdue, Ivy Tech create path for engineering majors
Ivy Tech Community College has created a way for pre-engineering students to continue their studies toward a bachelor's degree in one of two engineering disciplines at Purdue University.
UPDATE: City picks Paris-based group to build justice center
WMB Heartland Justice Partners, which beat out two other finalists, will require the city to pay $46.8 million a year, $3.2 million less than the ceiling the city set.
Startup car wash chain aims for high-end splash
There’s no shortage of car washes around Indianapolis. But the owners of Prime Car Wash think the competition has missed a spot—both here and around the country.
Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.
City plans new TIF to boost west side
Indianapolis planners say the city needs another $7.1 million to prepare the former Central State Hospital campus for redevelopment, but they’re out of resources. A proposal to raise those funds via a new tax-increment financing district around the 142-acre site is moving through the Indianapolis City-County Council with bipartisan support.
Two Delia’s stores to close in Indy as chain folds
The teen-fashion retailer has filed for bankruptcy and started close-out sales at all of its 92 locations, including in Carmel and downtown Indianapolis.
U.S. retail sales climb on holiday shopping
Excluding gas stations, sales climbed a healthy 0.9 percent in November. Spending on motor vehicles accelerated 1.7 percent, while purchases at clothiers, online retailers, electronics stores and department stores all improved.
Teen retailers get the cold shoulder for holidays
Teen retailers are facing ho-hum results at a time when overall U.S. retail sales are up 5.1 percent over the past 12 months, the Commerce Department said Thursday.
East-side battle over gas station plan rages on
The property owner at 10th and Emerson is ready to present an alternative design that might not need any variances, much to the chagrin of his opponents.