Indy startup serves up keg beer with big data
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
Real Estate
Articles
Broad Ripple project takes heat at Village meeting
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
Homebuilder focuses on ‘pocket’ communities near Carmel attractions
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near downtown Carmel’s old neighborhoods.
High-profile developer chases Indy debut
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
$225M Westfield project in works
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.
Finish Line’s cash hoard could make it alluring target
The Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to $4.63 per share.
Denver-based firm laps up BlueMile running chain
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile’s expansion.
Mayor suspends land bank after indictments
Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
Indiana presses ahead with I-69’s next section
The company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign a public-private deal under which it will arrange its own financing to design and build that stretch.
Former Dunkin building targeted for major renovation
Several local real estate sources say Keystone Group CEO Ersal Ozdemir is close to purchasing the former home of Dunkin Donuts. His plans for the building at the high-profile corner of Washington and Pennsylvania streets include adding a second story.
Kennedy partners with Olympic runner to buy shoe chain
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana’s BlueMile chain.
EPA seeks to add Keystone property to Superfund list
The U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to its highest priority cleanup list for hazardous waste sites.
Pittman pitches $90M mixed-use project for Zionsville
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
New type of cinema grill eyeing Indianapolis
Flix Brewhouse in Texas is looking to expand, real estate sources say, and Indianapolis is on the list of cities it’s eyeing. Flix shows first-run movies while serving its own beers.
HHGregg’s stock swoons after quarterly report disappoints
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses, it said Monday.
St. Vincent sports practice to fill vacant Clay Terrace big box
St. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
New Steak n Shake signage includes name of parent
Sardar Biglari, who operates San Antonio-based Biglari Holdings Inc., parent of the iconic Steak n Shake chain, wants the public to know who owns Steak n Shake, judging from new signage unveiled in Las Vegas.
HHGregg earnings sink on declining sales
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses.
Mel Simon estate donates $1M to retailing group
The estate of Mel Simon, who helped found Simon Property Group with brother Herb, announced the donation at the annual convention of the International Council of Shopping Centers, which runs in Las Vegas through Wednesday.