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.
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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.
Mel Simon estate donates $1M to retail group
The estate of Mel Simon, who helped found Simon Property Group with brother Herb, made the announcement at the annual convention of the International Council of Shopping Centers, which runs through Wednesday.
Simon estate donates $1 million to retailing group
The estate of Melvin Simon announced the contribution during the International Council of Shopping Centers’ annual convention in Las Vegas. The gathering runs Monday through Wednesday.
Lids acquiring Kentucky sporting goods chain
The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.
Duke’s CFO heading to Chicago real estate firm
Christie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during the recession and economic recovery.
Greenwood, Whiteland try to spur, shape growth
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
Oesterle sells land to Angie’s List, reaping millions
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
Downtown Lilly building fetches $90 million
American Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
Wheels in motion to select developer of MSA site
City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once stood. The city last month received bids from six teams, the names of which have been provided by officials.
Kessler Mansion neighbors balk at business uses
An Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property. The mansion will host a camp for entrepreneurs in June.
Developer of Star building dubs project Pulliam Square
The buyer of the Indianapolis Star building has tapped into the newspaper's rich history by naming a mixed-use development to be built on the property Pulliam Square. Eugene C. Pulliam bought the newspaper in 1944 and his family led it for more than 50 years.
Convenience stores sue to sell cold beer in Indiana
An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.
Nancy Irsay puts party pavilion, home on market for $3.7M
Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
Area homes sell at faster clip
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in each of the first four months of the year.
King David selling beer; South of Chicago expanding
The downtown hot dog joint has begun offering Sun King brews and has expanded its hours, while South of Chicago on Virginia Avenue is looking to take its deep dish pizza to Hamilton County.
Scam artist receives 34 years for home-sale scheme
Shela Amos, 57, led victims in Indianapolis to believe they were legitimately purchasing vacant homes that Amos did not actually own.
Developer planning $60M project near Ball State
Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.