RadioShack closing 1,100 stores as troubles grow
The closures represent just the latest setback for RadioShack, which has been struggling to update its image and compete with the rise of online retailers in recent years.
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Indiana Landmarks rescues endangered Jewish landmark
The preservation group paid $50,000 to rescue the near-north side temple on Ruckle Street, which was first occupied by the Beth-El congregation. After a roof replacement, officials hope to find a tenant for the historic building.
House passes moratorium on nursing home construction
The bill passed 55-40 and now returns to the Indiana Senate, which has already passed the bill and can now approve changes made by the House or send the bill to a conference committee for further consideration.
Committee urges hiring commitment for $81M MSA tower project
A City-County Council committee recommended approval for the 28-story building but only if the developer pledges that 30 percent of the workers it hires to build the tower live in Marion County.
Former Simon exec sentenced in mail fraud scheme
Carmel resident Mark Palombaro received a sentence of 18 months in a federal prison for perpetrating a construction kickback scheme in Pennsylvania that prosecutors say netted him $766,000.
Craft brewery on tap for Speedway’s Main Street
Daredevil Brewing Co. in Shelbyville plans to construct a 10,000-square-foot production facility and tap room on a lot that it purchased on Main Street in Speedway.
Indiana mall’s ‘hoodie’ signs offend some patrons
The signs at the entrances of the Mounds Mall in Anderson state that, "For the safety & well-being of everyone, please lower your hoodie.”
Council hopes historic value nixes IU land swap
Bloomington leaders would like a proposed new historic designation to persuade Indiana University to think twice about a land-swap plan that could include razing six houses to make way for a new fraternity building.
Mayor: IndyGo hub can be a ‘signature structure’
City officials hope the transit hub will serve as a signature structure that could trigger further development in the area. Work is expected to begin in the fall; completion is expected by the end of 2015.
Apex credits door-to-door pitch for windows-sales success
The company eschews traditional—and expensive—mass marketing in favor of face-to-face solicitations.
Kite floats two-tower Pan Am Plaza project
The latest plan to redevelop Pan Am Plaza calls for two hotels, residential units and restaurants spread across two towers as tall as 20 stories each, sources familiar with the details told IBJ.
IndyGo unveils design of $20M downtown transit center
Construction of the hub, which Mayor Greg Ballard noted Thursday in his annual State of the City address, is set to begin this fall with completion expected by the end of 2015.
Simon names spinoff Washington Prime Group, picks CEO
Simon Property Group Inc. has chosen the name for its planned spinoff of strip shopping centers and smaller enclosed malls, and hired Mark Ordan to be the new company’s CEO.
Controversial Broad Ripple office project not dead yet
In a strange twist, the Department of Metropolitan Development says another vote on the project will be taken March 5.
State Auto’s Midtown HQ building on block
State Auto Insurance is seeking to sell its nearly 200,000-square-foot regional headquarters building in Midtown and is listing the property for $9.1 million.
UIndy plans $50M in expansion projects
The bulk of the money, to be spent over five years, will go to a 134,000-square-foot health sciences center, which will provide training space for the university’s nursing, physical therapy and other health care students.
Indy airport signs new eateries, considers nixing e-cigarettes
Indianapolis International Airport officials agreed Friday to unload Giorgio’s and two Cold Stone Creamerys in favor of three new food vendors. They also considered several tough tweaks to the facility’s smoking ban.
Weaver’s site sale could lead to Broad Ripple village-park connector
Weaver’s Lawn & Garden Shop at 1316 Broad Ripple Ave. has been in business for decades. Now that family members have sold the property, local leaders hope the land eventually can serve as a recreational link.
ExactTarget mulls building downtown tower
ExactTarget Inc. is evaluating downtown sites where it could build a headquarters tower as large as 500,000 square feet, real estate brokers familiar with the discussions told IBJ.