Flaherty nears deal for Cosmopolitan investment
The developer of downtown’s Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in a move that could free up capital to launch a $24 million second phase.
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New restaurants: The End, Chef Joseph’s, Cafe Audrey, Flying Cupcake, La Margarita
A new restaurant called The End of the Line Public House is set to replace Shelbi Street Cafe & Bistro in the Fountain Square Theatre building. Plus, more restaurant news.
Hendricks County ‘hotspot’ for package-liquor permits
Four package liquor permits in the county west of Indianapolis fetched a total of nearly $1 million, roughly a quarter of the $3.8 million the state netted during an auction of 279 new alcohol permits in Indiana.
L.A. Fitness buying Bally clubs, including Indy location
The deal is the latest sign of turmoil in the health club industry, which is consolidating after a spurt of overbuilding.
New renderings: $5M plan for amphitheater, trail in Fishers
The Town of Fishers this week unveiled plans to build a new outdoor amphitheater and multipurpose trail in its downtown district along 116th Street.
Shoe Carnival quarterly earnings rise 15 percent
The Indiana-based footwear and accessories company reported Thursday that its earnings rose to $10.5 million for the period ended Oct. 29, up from $9.1 million a year ago.
Mass Ave deal’s brokerage fee raising eyebrows
A real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
Bank hits Centre Properties with $43M suit
Three local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure lawsuit brought by the real estate firm’s lender.
Lifestyle Family Fitness closes 2 locations, sells 2 others
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
Simon widow loses another battle in estate fight
The Indiana Court of Appeals ruled Bren Simon doesn’t have legal standing to challenge a judge’s decision not to recuse himself from overseeing the court fight over her late husband Melvin’s $2 billion estate.
Employees sue Finish Line over manager’s secret camera use
Indianapolis-based retailer Finish Line is fighting a lawsuit by five women who say their former store manager secretly recorded them in the bathroom and dressing room.
Local rental car firm named best in nation in J.D. Power survey
Indianapolis-based Ace Rent A Car expects boost in business after topping big national competitors for first time in J.D. Power and Associates survey.
Midwest farmland value jumps most since 1977, Fed says
Farmland values in the U.S. Midwest surged 25 percent during the third quarter, the most since 1977, as higher grain and livestock earnings boosted demand for acreage, the Federal Reserve Bank of Chicago said.
Life Time buys out Lifestyle; 2 Indy fitness centers closing
Florida-based Lifestyle Family Fitness plans to close two of its facilities in Indianapolis—at 82nd Street near Dean Road and along Shelby Street just south of Stop 10 Road—by the end of November.
INSIDE DISH: Brewpub beats sales goals in rocky first year
With an $80,000 nut and some luck with bank loans, D.J. McCallister has beaten staffing woes and an unforeseen sales slump to make newcomer Black Swan Brewpub a break-even enterprise.
Apartment project planned for south end of Monon
The local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex at 20th Street and the Monon Trail.
Mall owner Simon Property Group to sell $1.2 billion in debt
Indianapolis-based Simon Property Group Inc. on Thursday said it plans to sell $1.2 billion of new debt to repay older debt.
Newcomer Jos. A. Bank fuels hope for street-level retail
The 500-location menswear chain Jos. A. Bank is opening a street-level storefront location on a once-blighted block of East Washington Street, and the vote of confidence from such a growing national retailer could help persuade other stores to give downtown a look.
My Toy Garden wades into specialty retail business
A teacher for 17 years, Carmel resident Janet Pillsbury opened her store in September to give shoppers more options.
City balks at Jack in the Box plans for Meridian Street site
Urban design guidelines prohibit new drive-throughs along Meridian or Pennsylvania streets in the downtown vicinity.