With TV business ‘forever changed,’ HHGregg retools
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
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Reverie Estates plans Irvington apartment project
Locally based Reverie Estates has purchased the 53-unit Butler Apartments along Washington Street in Irvington and plans an extensive renovation.
Retail roundup: Starbucks, Five Below, Harbor Freight
Several national retail brands are expanding in central Indiana: Starbucks in Fishers, Big Lots in Franklin, Five Below in Plainfield and Harbor Freight Tools in Indianapolis.
Airport demolition bids come in way under budget
Taking down the old passenger terminal at Indianapolis International Airport could cost half as much as anticipated. The airport authority board voted Friday to approve all but one of the recommended contracts.
Area home sales rose 8.1 percent in February
Purchase agreements for existing homes totaled 2,034 in February, up from 1,882 in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. reported.
Monthly home-building permits still on the rise
Area home-building activity continues to improve as the number of single-family permits filed in February jumped 30 percent from the same period last year.
Gerdt Furniture owners embroiled in $4M court fight
A family dispute involving the owners of Gerdt Furniture & Interiors Inc. has led to a lawsuit accusing them of owing nearly $4 million in unpaid rent and loans.
Simon differs from other mall owners on teen policy
As local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property Group is standing by a corporate policy against restricting access to its properties.
Investor places first bet on Zionsville’s Main Street
Eric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
Big Red acquires United Package Liquors
Bloomington-based Big Red Liquors is expanding into Indianapolis by acquiring the assets of United Package Liquors Inc. and taking over operations of the chain’s 24 local stores.
Land bank bill likely heading for study committee
Rep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing, including Indiana’s tax-sale process.
Annexation request crimps Anderson land plan
Efforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from property owners who want to become part of the town of Lapel instead.
Cops to valets: Park cars, not traffic
Indianapolis police are keeping an eye on downtown valets, whose habit of blocking traffic lanes has prompted complaints. The Indianapolis Metropolitan Police Department issued a stern reminder to all valet operators on Jan. 31, the week after the opening of The Alexander Hotel in CityWay at Delaware and South streets.
Carmel puts 7-acre parcel up for grabs
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
Site swaps could clear the way for $43M Mass Ave project
City officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and retail redevelopment on Mass Ave.
Lawsuit over Simon’s bonus may expose board’s mindset
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
Ballard plans new redevelopment effort for Market Square site
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
Owner plans redevelopment for Virginia Avenue buildings
The owner of three vacant buildings along Virginia Avenue between Pennsylvania and Delaware streets hopes to develop one of them with five apartments and first-floor retail, recruit retail and office users for a second, and tear down a third to make way for parking.
Roundup: True Religion, Shoppers World, TaTa
Another top fashion name is joining The Fashion Mall at Keystone, a giant discount retailer is expanding its local footprint, and a few new pizza restaurants are planned for the area.
Fourth-quarter 2012 commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.