Orange Leaf franchisee seeks $33M in suit
A dispute between one of the nation’s largest frozen yogurt chains and a local franchisee has sparked dueling lawsuits, in one of which the franchisee is seeking $33 million in damages.
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Finish Line adds chain of running specialty stores
The Finish Line Inc. has acquired a chain of five stores in the Kansas City, Missouri, area through its subsidiary, the Running Specialty Group.
Roundup: Rocket 88, Shapiro’s, Scotty’s opening next month
The holiday season will bring a host of restaurant openings to the Indianapolis area, including a few new spots from old standbys.
Simon discloses stake in shopping-mall owner Macerich
Indianapolis-based Simon Property Group Inc. said it has accumulated a 3.6-percent stake in shopping mall rival Macerich Co. and wants to buy more shares.
Red Cross downsizes HQ ambitions, leaving extra lot
The new Red Cross building on North Meridian Street will be about half the size of what the not-for-profit originally proposed, leaving space for another development on the property.
Parcel along Central Canal in line for major makeover
The Indianapolis Parks Foundation and Downtown Indy are seeking a firm to mold the land into a “playscape” area at a cost of between $500,000 and $800,000, according to the request for qualifications.
Old school buildings would get new lives under developer’s plans
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.
Sources: Simon eyeing Anson for outlet mall
The Indianapolis-based mall developer is planning to build on 50 acres near Interstate 65 and Whitestown Parkway in Boone County, sources say, and could have a deal finalized early next year.
Pending sale could bring big retail project to Anson
An unidentified buyer has agreed to acquire about 50 acres of high-profile land in Whitestown’s sprawling Anson development, retail broker Jacqueline Haynes said.
HHGregg looking for new merchandising chief—again
HHGregg Inc. is about to embark on a search for its fourth merchandising manager in just over two years, the Indianapolis-based retailer disclosed in a filing with the SEC.
Area home sales stabilize after rough year
The number of home-sale agreements for the nine-county area in October rose a grand total of two from 2,170 in the same month last year. Sale prices, however, made strong strides.
U.S. retail sales rise ahead of holiday shopping
The Commerce Department said Friday that retail sales rose 0.3 percent last month after falling by the same amount in September.
Councilors to get peek at justice center plans
Some city-county councilors might get early access to information about a new criminal justice complex, but they have to agree to keep it under wraps.
State’s publicly traded retailers aim to cash in on bright holiday forecasts
Shares of The Finish Line Inc., HHGregg Inc. and The Shoe Carnival Inc. all have lost value this year and are trailing major stock indexes by a wide margin.
West Clay legal tangle halts land sales
Last year’s residential building boom in the Village of West Clay has proven to be short-lived, as an ongoing dispute between the developer and its lenders halted land sales in the upscale Carmel neighborhood.
Butler Nissan dealership in Fishers changes hands
Ed Martin Auto Group has taken over the Butler Nissan dealership in Fishers, but it’s not clear yet what the change means for Ed Martin’s Indianapolis Nissan outlet.
Area homebuilding permits make October jump
Marion County saw a 51-percent surge in permits in October, from 51 to 77. The county is 9 percent ahead of last year’s pace, with 689 filings during the first 10 months of the year.
Hot restaurateur targets Amici’s space downtown
Mike Cunningham of Mesh and Bru Burger wants to open a test kitchen and restaurant downtown at 601 E. New York St. But his original plan to tear down the building is meeting stiff resistance.
Local steel fabricator to buy Vincennes steel firm
Indianapolis-based Lenex Steel Corp. plans to acquire Wabash Steel LLC of Vincennes from its Ohio-based owner, the local company announced Wednesday.
Purdue economist: Turkeys slightly more expensive this year
A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at slightly higher prices.