Simon Property stock continues to defy drumbeat of doom
Since David Simon became CEO in 1995, Simon Property shares have posted a total return of 2,150 percent—a dazzling run extending nearly two decades.
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Reservoir opponents voice environmental concerns
Most of the spectators at Wednesday night's panel discussion about the proposed Mounds Lake reservoir were there to reinforce their opposition to the project. Others came to learn more about the issues.
Sports complex developer confirms financing woes
A developer that planned to open a $22 million hotel and indoor sports complex in Greenwood has officially suspended those plans after failing to find funding.
Eskenazi Health takes top architectural honor
The hospital won the Monumental Award, beating out eight other projects vying for the prize recognizing excellence in architecture, engineering and construction.
Target to close Castleton store
Eleven underperforming locations in all will be eliminated by the Minneapolis-based retailer, it announced late Tuesday.
Roundup: Quills Coffee hits Indy; new Broad Ripple eateries
Louisville-based coffee roaster Quills expects to open downtown this month, while Panda(ology) returns to its roots in Broad Ripple, Patachou’s Public Greens debuts nearby, and Chef JJ’s expands downtown.
Washington Prime reports profit in first full quarter
The shopping center company, which was spun off from Simon Property Group Inc. in May, earned $38.8 million, or 21 cents per share, in the third quarter.
Sandor starts to build retail projects again
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It’s the company’s first retail project since the recession.
Kite reports quarterly loss on acquisition costs
The real estate company’s loss of $16.4 million in the third quarter was due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust in July.
Locally based Wine & Canvas grows to 48 locations nationwide
The husband-and-wife-owned Wine & Canvas has grown from two to 347 employees in just four years with profitability increasing at a double-digit clip, 48 locations coast to coast and plans for international expansion.
Challenges mushroom for embattled HDG Mansur chief
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
Investments pick up in Holy Cross neighborhood
Decades-old barriers to development are beginning to fall in Holy Cross, attracting more residential and commercial construction.
Bicentennial plaza planned by Statehouse
With the future of a state-owned downtown parking lot in limbo, Indiana is looking to a smaller space on the west side of the capitol as the site of a public plaza to commemorate the 2016 bicentennial.
HHGregg shares fall on disappointing quarterly results
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
Traffic lanes would shrink under plan to overhaul Circle
Officials charged with overseeing a $60 million project to make Monument Circle and surrounding streets more pedestrian friendly will unveil design plans to the public Nov. 5.
Duke Realty reports higher profit, revenue for third quarter
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.
St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
Villaggio retail spaces up for auction following foreclosure
The developer of the condo project on Virginia Avenue defaulted on the balance of an $11.6 million loan, prompting the sale of the ground-floor storefront units.
LISC aims to turn dormant industrial sites into job-creators
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.