Simon quarterly results improve as sales increase at malls
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from operations as income from rents rose.
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Super Bowl payoff substantial, but may fall short of hype
There’s no doubt the Super Bowl crowds showered Indianapolis with cash all week. The question is, how much of it will stick after the big game is over? And how much will it mean to Indianapolis’ economy?
Stout’s Shoes expects website to become its largest ‘store’
After years of failed attempts to create a viable Web presence, Stout’s Shoes has finally plunged into cyberspace using the route experts say many small companies follow: giving the job to a young, tech-savvy family member with an aptitude for social media.
Excess land at Fishers airport will be turned over to farming
The town’s leaders had envisioned the Indianapolis Airport Authority property being developed to add to the tax base.
Feds seize nearly $5M in phony Super Bowl goods
Federal officials say authorities have seized nearly $5 million worth of phony Super Bowl sportswear and merchandise in a nationwide sweep.
Indiana liquor law could crimp Super Bowl parties
Indiana is among a handful of states that ban carryout liquor sales on Sundays. Even hosting the NFL's most-celebrated spectacle won’t change that.
Canterbury still hosting celebrities after 28 years
Downtown was practically a ghost town when John Gipson began as a doorman at the Canterbury Hotel back in 1985. The Mile Square had just a handful of hotels with fewer than 1,000 total rooms, no shopping mall and zero nightlife.
Retailer Lids strives for Super Bowl dominance
Lids Sports Group is emerging as an early Super Bowl winner among local businesses after betting big that souvenir sales would shine.
New mixed-use project holds promise for building across street
An 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy of an $85 million mixed-use project planned for a site right across the street.
Few in Indiana using state fund to avoid foreclosure
A state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers even though the state's foreclosure rate is among the highest in the nation.
Circle Centre again suing Bella Vita over unpaid rent
Landlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.
Indiana House backs break for bars on smoking ban
The Indiana House has added an 18-month exemption for bars to a bill calling for a broad statewide smoking ban.
Purchase lifts effort to develop MSA site
A community development corporation linked to the city of Indianapolis has bought the 1.87-acre parking lot that borders the former Market Square Arena site, a move that some say could be the catalyst to finally redeveloping the entire vacant site.
Contractor uses ‘process mapping’ to overhaul business
ProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his
specialty construction firm when profits couldn’t keep pace with revenue.
Apartments rev up residential revival downtown
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
Former Borders space lands tenant for Super Bowl
South Florida sports agent Howard Jaffe's Barjaf Group is temporarily leasing the space, which will feature a nightclub in which rapper Nelly is set to perform the night before the Super Bowl.
Duke Realty’s quarterly results beat expectations
Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter, the company reported Wednesday.
Builder’s bookkeeper gets 18-month sentence for theft
Kim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
Meningitis complications felled Throgmartin, family says
Meningitis, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated but is sometimes fatal.
Rendering: $85M project calls for Marsh and apartments
An $85 million project anchored by a new Marsh grocery store would transform an expanse of surface parking lots in the northwest quadrant of downtown.