U.S. banks to pay $8.5B in mortgage settlement
Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting the best of the deal.
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Greenfield gun seller, others seeing run on guns
Gun enthusiasts are snapping up weapons faster than they can be replenished. And applications for gun permits spiked sharply toward the end of 2012.
Local elevator service firm bought by German company
The Indianapolis elevator repair and installation company has been acquired by ThyssenKrupp AG. Amco Elevator was founded in 1965 and had been locally owned until the purchase.
$30M Keystone mixed-use project seeks city approval
Hendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level retail space and 130 high-end apartments on the upper floors.
Bales partner pleads guilty in deal with prosecutors
Indianapolis attorney and developer Paul J. Page has agreed to cooperate with federal prosecutors in an investigation that targets former Marion County Prosecutor Carl Brizzi.
Finish Line suffers surprising quarterly loss
The earnings fell short of predictions by analysts polled by Thomson Reuters, which recently forecast per-share earnings of 10 cents on revenue of $296 million.
Fortune’s death puts 14 West building up for grabs
A historic brick building long used as a restaurant and hotel suites next door to Circle Centre mall is going up for sale for the first time in almost a decade, with an expected asking price of $4 million.
Investor: Kroger missed chance to buy ‘linchpin’ property
Owner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property to make way for new downtown store.
Roundup: Twist, Marco’s, Yats, Side Street, 14 West
Find out about the latest comings and goings among central Indiana restaurants including a new cocktail lounge in South Broad Ripple and the departure of a downtown fine-dining staple.
Investor: Kroger missed chance to buy ‘linchpin’ property for new store
The owner of a row of three 1930s apartment buildings—which Kroger claims are standing in the way of a new store at 16th Street and Central Avenue—says he tried for months to sell the buildings to the grocery chain for a total of $175,000 but never got an answer.
Bazbeaux founders settle lawsuit
Former husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain Square sandwich shop.
Developer loses fraud appeal
The Indiana Court of Appeals affirmed Christopher White’s 2009 conviction, resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm.
Former Lifestyle gym building target of foreclosure
The owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant, Lifestyle Family Fitness, closed the location in November 2011.
Survey sees jump in e-reading, drop in paper books
The tastes of the reading public are turning digital, as the number of Americans owning an e-book device or tablet grows and the number of readers of traditional books drops.
2012 NEWSMAKER: CEO keeps Simon stock surging
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
Kite continues Southeast push with $37.3M in acquisitions
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
The Fashion Mall upgrade: Kate Spade, Lucy, Microsoft
More top-shelf, first-in-Indiana retail shops have inked deals to join the lineup at The Fashion Mall at Keystone. And more.
Holiday retail sales growth weakest since 2008
Shoppers were buffeted this year by a string of events that made them less likely to spend. The numbers also show how Washington’s current budget impasse is trickling down to Main Street and unsettling consumers.
Two Scotty’s to reopen as Detour American Grilles
The owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current operator, Indianapolis-based A Pots & Pans Production.
Gerdt Furniture to close doors after 53-year run
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.