HHGregg ditches ad campaign, returns to former agency
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a “brand transformation.”
Real Estate
Articles
Duke unloads office buildings for $150M, report says
The six Duke Realty Corp. properties in the Cincinnati area included the 403,000-square-foot Towers of Kenwood development, which sold for $69.2 million, according to the Cincinnati Business Courier.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Roundup: Downtown microbrewery, CityWay deli, Clearwater tap
Chilly Water Brewing Co. is making batches in The Hinge along Virginia Avenue, while Gandolfo’s is coming to CityWay, where Chicago’s Yolk also will open.
Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
First Financial nabbing new hub, closing 3 branches
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
Latest plans for Mass Ave land swap hit snag
The Indianapolis Historic Preservation Commission has expressed concerns about a proposed parking lot tied to a complex land deal involving a credit union, firefighters union hall, and a planned $43 million development.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Ambrose snags vacancy-plagued Meridian Street property
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
Milhaus starts project in Oklahoma City
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
Good Earth avoids $1M judgment over Broad Ripple project
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.
Kite completes $1.2B Inland acquisition
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
New airport-area hotel will be rarity in market
Holladay Properties and Schahet Hotels Inc. are partnering on a new full-service Holiday Inn that’s expected to open early next year.
Officials: Indiana’s limestone industry on upswing
The limestone industry is thriving again with many companies reporting orders are up following a drop in business during the recession, a trade association spokesman says.
Regional Operations Center back in business at Eastgate
Indianapolis Public Safety Director Troy Riggs is scheduled to lead a media tour of the reopened Regional Operations Center on Friday afternoon.
First Biglari, now Steak n Shake sign adorns building
The new, five-story Steak n Shake sign replaces the Business Furniture sign that stood guard over Pennsylvania and Maryland streets for decades.
Simon sues insurance companies over fatal escalator accident
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager’s escalator fall in 2009.
Finish Line reports strong quarter as same-store sales rise
Sales at stores open at least a year climbed 5 percent, and the company’s website improvements and relationship with Macy’s also helped to drive profit.
East-side associations fight gas-station plan
A property owner’s plans to convert the northwest corner of East 10th Street and Emerson Avenue into a convenience store and gas station are causing consternation among neighborhood leaders who hope to stop the project.
Muncie launches ‘quiet zone’ push to benefit hotel
Muncie's push would benefit a $40 million Courtyard by Marriott hotel slated for a groundbreaking later this year and set to open in fall 2015 just north of CSX Transportation and Norfolk Southern tracks.