Downtown office market set to shift as firms rethink space
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
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New tenants move into historic Monument Circle space
Luxori Salon, a startup, and B. Bliss Spa, which moved to Monument Circle from the Stutz Business and Arts Center, have taken the space formerly occupied by Studio 2000, a longtime salon and spa that closed last summer.
Walmart sales still surging, but a chill may be on the way
Walmart has pushed hard into fast and convenient delivery during the pandemic. But even the massive infrastructure put into place by Walmart in recent years was strained by the crush of orders from millions of people sheltering at home.
Martindale-Brightwood chosen for Lift Indy development program
The neighborhood will receive about $3.5 million in funding over the next three years from the U.S. Department of Housing and Urban Development Home Investment Partnership Program and the Community Development Block Grant program.
Central Indiana homebuilders off to hot start in 2021
Fresh off their busiest year since 2006, area homebuilders continued to see heavy interest from buyers in January, the Builders Association of Greater Indianapolis announced Wednesday.
U.S. retail sales jump 5.3%, thanks to $600 stimulus checks
After three months of declines, retail sales soared in January from the month before, the U.S. Commerce Department said Wednesday, far exceeding expectations.
Town of Speedway again exploring legal options for delayed Wilshaw hotel
Town officials have grown “frustrated by a lack of transparency and communication from Loftus Robinson despite our multiple requests,” as well as the firm’s effort to continue batting away responsibility for the project.
Monday night fire kills 100 animals at pet store
Crews discovered “what can only be described as a horrible tragedy” after thick smoke and poisonous gases filled the pet store on the northwest side, a fire department spokesperson said.
BoomBozz owner suing former pizzeria franchisees over new restaurant
The company behind the BoomBozz pizzeria chain is suing the its former franchisees in Carmel and Fishers for allegedly using the company’s recipes and other trade secrets to open Crafters Pizza and Draft House in Carmel.
Keystone plans to add school, apartments to Broad Ripple parking garage
Keystone Corp. would replace the former Chase Bank branch in the 6200 block of College Avenue with a five-story building adjacent to the garage, while adding two levels of apartments atop the parking structure.
New Speedway coffeeshop to pay tribute to racing oval’s history
Founders Grounds Coffee Co. will sell the Rex Coffee brand that was founded more than 100 years ago by the Hulman family’s patriarch, Herman Hulman.
Federal ban on housing foreclosures extended until June 30
The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. Census Bureau figures show that almost 12% of homeowners with mortgages were late on their payments.
Report: Steak n Shake might file bankruptcy as early as next week
The struggling Indianapolis-based company lacks the cash to pay off a $153 million loan that comes due March 19. It also has been exploring out-of-court solutions.
Salon leaving downtown after 36 years, opening new barber shops
MDG Salon | Studio owner Travis Moore said Thursday that the company’s downtown Indianapolis salon is closing, but the business will consolidate operations at MDG’s Carmel location starting March 1.
Kite Realty reports better-than-expected 4Q results
Indianapolis-based Kite Realty Group Trust beat analyst expectations with its financial performance in the fourth quarter despite a decline in revenue and funds from operations.
Old Navy to open store at Glendale in former Macy’s space
Retailer Old Navy will make a comeback at Glendale Town Center after a 15-year absence from the shopping center.
State lawmakers advance bill to allow curbside pickup of alcohol
A wide-reaching alcohol policy bill would allow for curbside pickup of alcoholic beverages, plus carryout beverages at the new food hall at the Bottleworks development in downtown Indianapolis.
Target offers bonus pay to encourage workers to get vaccine
The retailer will offer its hourly employees as much as four hours of pay to get two doses of the vaccine, it said in a blog post Wednesday.
Real Estate Weekly: News notes 02/09/21
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 9, 2021: Briefs: — Ambrose Property Group has completed construction on a 206,000-square-foot industrial building in Monrovia, which Love’s Travel Stops plans to use as a distribution and tire retread center. Love’s thus becomes the first occupant of the 555-acre Westpoint Business Park at […]
Real Estate Weekly: News notes 02/02/21
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 2, 2021: Briefs: — Columbus, Ohio-based Condado Tacos plans to open its third Indianapolis-area location this summer at 12545 Old Meridian St. in Carmel. The restaurant will take the space formerly occupied by Indianapolis-based chain Stacked Pickle, which closed all of its locations last year. […]