Large HHGregg investor ups stake, surprising analysts
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a
huge bet that the good times are only beginning.
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Fountain Square getting cabaret
A new cabaret is planned for a one-story historic building at 1116 E. Prospect St. in Fountain Square. White Rabbit Cabaret will provide live entertainment (not adult-oriented), food and beverage service, performing arts classes, rehearsal space, workshops and special events
Purdue prof: ‘Clunkers’ could stall retail sales
The federal “Cash for Clunkers” program has opened a floodgate of car sales that President Obama
says is a much-needed boost for the economy. But retailers may feel the negative effects of America’s collective investment
in new cars, predicts a Purdue Retail Institute researcher.
UPDATE: Simon rents, occupancy buck shopping decline
Sales still are suffering at shopping centers owned by Simon Property Group Inc., but the Indianapolis-based
mall giant managed in the second quarter to keep occupancy steady and eke out an increase in average rent rates.
Marsh extends olive branch to angry followers
Marsh Supermarkets late yesterday issued a mea culpa after it stopped honoring a $10 coupon just
days after introducing the online promotion.
Simon reports loss amid tough retail conditions
Indianapolis shopping mall giant Simon Property Group Inc. today said it lost $20.8 million in
the second quarter in what it called a “difficult retail environment.”
Marsh promotion cancellation sparks anger
Marsh Supermarkets’ decision to stop honoring a $10 online coupon just days after introducing the promotion has angered
hundreds of followers of the grocer’s Facebook page.
Co-op grocery plans take shape
Indy Food Cooperative plans to open the city’s first not-for-profit grocery store in a 70-year-old former appliance store along East 10th…
Marsh promotion cancellation sparks anger
Marsh Supermarkets’ decision to stop honoring a $10 online coupon just days after introducing
the promotion has angered hundreds of followers of the grocer’s Facebook page.
Local contractor lands project for the president
Indianapolis-based architectural and engineering firm RW Armstrong will provide design and project management services for the Presidential
Helicopter Squadron, a 65,000-square-foot hangar complex being built at a Marine Corps base in Quantico, Va.
Plans emerge for Winona Hospital redevelopment
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
Downturn provides opportunity for restaurants hungry for expansion
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up
by chains.
HHGregg growing too fast?
The fast-growing locally based electronics retailer HHGregg Inc. has seen its stock price rocket more than 80 percent this year as it moves to take advantage of the bankruptcy liquidation of rival Circuit City.
Duke Realty suffers second-quarter loss
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
GARNER: Urban redevelopment requires dialogue
Later this summer, architects, urban planners, economists and hydrologists from around the city and around the nation will
come to Indianapolis to begin planning for the redevelopment of the area near 22nd Street and the Monon Trail. Known
as the American Institute of Architects Sustainable Design Assessment Team, it will work with neighborhood organizations
and city leaders to develop a renewal plan to turn this blighted area into a thriving neighborhood.
City wins in digital billboard bout
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary…
Former jail up for sale
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,…
Barley Island taking SI space
Noblesville’s Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of…
Indianapolis hotels feel pain of national slump
Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
Ambrosia to open downtown restaurant in former BadaBoomz site
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the first floor of the Hampton Inn along Maryland Street.