IndyFringe buys headquarters building
The organizer of the IndyFringe Festival bought the building it has rented for three years and is raising money to expand it.
Real Estate
Articles
Simon chasing title of state’s most valuable company
David Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
Boone County officials ‘surprised’ by ASI closing
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
Blakley Corp. hires first outsider CEO
Indianapolis-based Blakley Corp., a specialty contractor and home-flooring retailer, has hired the first outsider CEO in the company's 114-year history.
Local developer rescues 1913 apartment building from wrecking ball
A local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children’s Museum from demolition.
Lawmaker: Prison land sale may pose safety threat
Democratic state Rep. Scott Reske said the sale of nine tracts of land surrounding the Pendleton Correctional Facility would cut in half a state-owned buffer zone between Pendleton's Fall Creek Elementary School and the town's two prison facilities.
Daniels, Beshear reach agreement on bridges
Construction on two new bridges costing $2.6 billion and spanning the Ohio River between Kentucky and Indiana could begin in late 2012, with the spans open before the end of the decade, Kentucky and Indiana officials said Thursday.
Design firms buy building on East Market Street
The one-story structure will serve as a studio and headquarters for Axis Architecture + Interiors and Rundell Ernstberger Associates LLC.
Pendleton Pike Kmart, Anderson Sears on closing list
Sears Holding Co. said Thursday it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store in Anderson as part of a round of closures.
Sears closings shouldn’t be big problem for Simon
Simon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
Indiana construction biz acquired by Swedish firm
Stockholm-based Skanska AB, the Nordic region’s biggest builder, has purchased Industrial Contractors Inc. for $135 million, boosting its U.S. presence with its first acquisition in the United States in a decade.
LEADING QUESTIONS: Expanded Kahn’s banks on holidays
How much bubbly does Kahn's Fine Wines & Spirits sell at year's end? How have operations changed with the addition of two new stores? Owner Jim Arnold has answers.
Bargain hunters divided holiday shopping season
The holiday shopping season turned out to be two seasons: the Black Friday binge and a last-minute surge before Christmas. Together, they added up to decent sales gains for most retailers.
Downtown restaurants planning for crowds
Pretty much every eatery in town will be packed from Jan. 27 to Feb. 5. However, with luck, a little savvy and some expert advice, it’s still possible to find a short-notice, sit-down meal.
Retailers to offer football fans unusual merchandise
It’s common for retailers in Super Bowl host cities to bring in a special cache of goods not usually sold in the market.
Fatal shooting creates human resources issue for Kroger
Kroger officials are reviewing the actions of a manager who fatally shot a would-be robber inside a grocery store while it was busy with customers.
Up to 120 Sears, Kmart stores set for closure
Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.
Police called to control rowdy shoe shoppers
Local police were called to two Indianapolis malls to control crowds waiting to purchase the newest generation of Air Jordan basketball shoe. Similar incidents have been reported nationwide.
Near-east-side Super Bowl efforts go beyond the big game
For a Super Bowl-related initiative to revitalize Indianapolis’ near-east side, the hardest work will come after the Feb. 5 game.
Shoplifting Grinches: Tis’ the season to steal
During the four weeks leading up to Christmas, an estimated $1.84 billion in merchandise will be shoplifted this year, according to The Global Retail Theft Barometer. That’s up about 6 percent from $1.7 billion during the same period last year.