Reservoir talk not moving Mounds shopping mall
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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Local Kmart closings part of Sears’ ongoing woes
The planned closings of two Kmart stores in Indianapolis are part of a wave of national closures prompted by the ongoing struggles of parent company Sears Holdings Corp.
Ambrose plans $90M distribution development in Plainfield
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
Finish Line shares fall after quarterly results miss mark
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
The Interview Issue: Mike Cunningham
Mike Cunningham's Cunningham Group is a dominant force in Mass Ave, with Mesh, Bru Burger and, most recently, Union 50 added to the portfolio.
Prospective Salesforce tower spurs proposal, concerns
News that Salesforce.com wants a signature office tower downtown already has sparked an overture from one developer, shined a spotlight on available sites, and triggered fears about the impact on office vacancy rates.
Second suit filed over Wal-Mart PCB contamination
The class-action suit seeks compensation for any worker injuries resulting from exposure to PCBs discovered in the retailer’s return center on the east side.
Jimmy John’s says hacker stole credit-card data at 216 stores
The data breach affected a dozen stores in Indiana, including four in Indianapolis and one in Carmel.
ExactTarget parent wants to build office tower in Indianapolis
The CEO of Salesforce.com, which purchased ExactTarget for $2.5 billion last year, told IBJ on Tuesday morning that the firm was looking for the right opportunity.
Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
Prolific Fletcher Place developer tackling another project
Demand for office space in the neighborhood is driving Deylen Realty’s $1.2 million redevelopment of a building on South College Avenue that originally housed a bowling alley.
Meijer planning to build store in Glendale area
The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.
U.S. home sales snap 4-month streak of gains
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
One Click prunes e-commerce sites, launches eyewear brand
One Click Ventures, known for its variety of e-commerce sites, recently launched a new website and sold off others as it strives to meet hiring goals tied to economic development incentives.
Skjodt plotting $25 million sports complex
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
Manager of Cultural Trail plans HQ project
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
Volatile apartment sector reduces U.S. home building
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
Wal-Mart targeted by lawsuit for local PCB discovery
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.
Examiner appointed in HDG Mansur bankruptcy case
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.