Duke Realty reassures its shareholders
CEO Jim Connor said his company has a “high-quality, diversified portfolio of over 550 logistics facilities and over 800 diversified customers.”
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Memory Bank: Liquor for sale at Claypool Hotel in 1942
This photo taken on Dec. 10, 1942, shows the inside of a liquor store at the Claypool Hotel, although the description does not name the store. It could be the Estates Liquor store, which was located in the building for decades.
Virus forces CIB to scale back first phase of $360M fieldhouse renovation project
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.
Owner of Try It Tiny files bankruptcy, dissolves company
The Airbnb concept for tiny houses was dissolved March 23 with more than $765,000 in outstanding business debt.
Area existing-home sales took off in March despite pandemic limitations
Sales of existing single-family homes increased dramatically in central Indiana in March despite a global pandemic that limited house shopping. Meanwhile, tight inventories helped propel the median home price in the region to a record.
City reaches tentative deal with developer on Broad Ripple Park community, health center
The Indy Parks and Recreation Department would share space in the $20 million center with Community Health Network. But a new wrinkle potentially stands in the way of the project.
Governor tightens retail restrictions, requires liquor stores to switch to takeout
The new executive order, which extends the stay-at-home directive through April 20, includes many of the same provisions as the initial order, which took effect March 25, but it adds new language in an attempt to strengthen the existing guidelines and creates an Enforcement Response Team to ensure businesses are complying.
Crowne Plaza near Indy airport being used as COVID-19 treatment site
State officials declined to provide details on specifically how the hotel is being used—including whether it is a treatment site for homeless individuals—to protect patient privacy.
Isaiah Kuperstein, local grocer and noted Holocaust historian, dies from COVID-19
In addition to being the longtime owner of the Indianapolis-based Double 8 Foods grocery chain, Kuperstein was the first director of education for the U.S. Holocaust Memorial Museum in Washington, D.C.
Here’s how nine small businesses are coping with coronavirus
We check in with firms of all stripes to learn how they’re seeking to persevere—and how some are plotting to gain a competitive advantage when normalcy returns.
Q&A with Jacob Cantu, West Fork Whiskey tasting room manager
Cantu has created the distillery’s cocktail-to-go concept, which has been a significant boost to revenue amid the COVID-19 outbreak.
Not the grand opening coffee shop owner wanted
On the day Rachel Priddy finally got word from her contractor that she could apply for a certificate of occupancy to open her coffee shop in Carmel, Gov. Eric Holcomb ordered all restaurants to shut down in-person dining.
Gym finds going virtual isn’t panacea for revenue problem
Naptown Fitness is offering its members a different kind of carryout as a way to stay healthy while gyms are closed during the pandemic.
ClusterTruck food-delivery firm misses office orders
About 60% of the company’s sales typically happen at lunch and are delivered to workplaces, which have been stripped down to only the most essential people.
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
Holcomb extends restaurant and bar restrictions through April 6
The move—while expected—extends the pain for a hospitality industry that is reeling from closures that have eateries on the brink.
Retailers furlough 500,000 despite stimulus; more expected
Millions more are in danger of being furloughed or fired as chains reel from nationwide closures that started about two weeks ago and have totaled nearly 50,000 locations.
Local developer Gershman buys old Books & Brews building in Broad Ripple
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
Some Instacart, Amazon workers strike as jobs get riskier
The one-day strikes had little impact on consumers, but the unrest called attention to mounting discontent among low-wage workers who are on the front lines of the pandemic.
UPDATE: Macy’s, Kohl’s, Gap furloughing most employees amid coronavirus shutdown
Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic.