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.
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.
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
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.
Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter, the company reported Wednesday.
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, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated but is sometimes fatal.
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.
Pet Supplies Plus said it will add the positions by relocating its warehousing operations from Michigan to Seymour, 60 miles south of Indianapolis.
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
Closed sales last year inched up 1.2 percent in 13 area counties and jumped 18.3 percent from July through December, bolstered by a 7.2-percent increase during the last month of 2011.
The 86,634-square-foot building that houses a Kohl’s department store fetched $15.3 million, or about $177 per square foot, according to a CoStar Group report.
Jerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion in revenue. He died over the weekend while visiting his ranch in Colorado.
Buffets Restaurants Holdings, which operates at least three restaurants in the Indianapolis area, has filed for Chapter 11 bankruptcy protection for a second time and plans to close 81 underperforming eateries.
Indianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about $700 to $9,000, but demand may not come until participants in the big game are settled.
The chief of staff to Gov. Mitch Daniels, Earl A. Goode, bought a residential lot from the real estate broker John M. Bales about two years after an agency led by Goode awarded Bales a contract to handle state leasing.
About 12,000 homes were listed for sale at the end of December in the nine-county central Indiana market, a roughly 18-percent drop from a year earlier.
Off Broadway Shoes highlights new retailers entering the market.
While many of the local companies scoring a Super Bowl windfall predictably will be hotels, restaurants and retail outlets, there will be a cadre of more unlikely winners from one of the world’s biggest sporting events.
State officials in 2005 vowed to run a competitive process to select a private firm to handle real estate leasing for public agencies, but a 20-page request for services to more than 400 potential bidders was a sham, according to three people with knowledge of the process.
