Area hospital construction taking break after expensive binge
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient
clinics and surgery centers.
Real Estate
Articles
HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
‘Black’ rifles in the woods
Hunters are adopting rifles that look jarringly similar to versions soldiers carry in Afghanistan.
Developer plans expansion of Riley Towers apartments
The owner of downtown’s Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
Cincinnati-area builder Fischer expands to Indianapolis
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
Kittle’s Furniture shuffles executives, names new CEO
Jim Kittle Jr., the company’s owner and chairman of the board, will be less involved in daily operations, giving two executives
more responsibility.
Steak n Shake CEO buys more shares
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company’s shares are undervalued.
Riley Towers expansion in works
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark
downtown property.
Lawmakers consider changes to alcohol laws
The General Assembly plans to consider changes to Indiana’s alcohol laws this session, including proposals that would allow
microbreweries to sell takeout beer on Sundays and permit alcohol sales during voting hours on Election Day.
Simon family fight breaks out over billionaire’s fortune
Melvin Simon’s
daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a
new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
Jones Lang LaSalle lures top industrial broker from CTMT
One of the city’s most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker
to join Chicago-based Jones Lang LaSalle.
Venue-management titans emerge as CIB front-runners
Experts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may be the favorite to run the city’s sports and
convention venues.
City’s once-thriving stand-up comedy scene fades
Crackers’ Broad Ripple and downtown locations are the only remaining comedy clubs in Indianapolis.
The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
Shoppers World taking former Target space
Discount department-store chain Shoppers World has signed a deal to take over a shuttered Target store on the south side.
Brokerage CTMT rebranding, dropping Tucker name
The city’s largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker
for the first time in more than 90 years.
Ashley Furniture HomeStore closing Carmel outpost
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a
lease renewal.
Home-sale agreements plummet 16 percent nationally
It was the first decline following nine straight months of gains and the lowest reading since June.
Flying Cupcake expands, Bobby Joe’s shuts down
The Flying Cupcake Bakery is opening a new location along Mass Ave next door to Scholar’s Inn downtown. Plus, more restaurant
news!
Fire destroys east-side Indianapolis restaurant
Officials say frozen fire hydrants hindered firefighters during an early-morning blaze that burned down a Texas Roadhouse.