Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Susan Orr
Articles
Kite Realty Group sells off 14 properties for $415 million
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Long-time ‘haunted house’ relocates to new permanent digs
Nightmare on Edgewood, which had operated its haunted attraction at the Edgewood Athletic Association for decades, recently moved and will use its new space to lure customers throughout the year.
Broad Ripple restaurant The Vanguard closes, but plans comeback
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Indianapolis woman gets prison time for identity theft, tax fraud
After executing a search warrant at the woman’s home, investigators for the IRS found 100 debit cards in more than 80 different names.
Cummins falls short of quarterly sales, profit forecasts
Shares of the Columbus-based engine maker dropped in early trading after second quarter results missed analyst expectations, even though sales and profit were up over a year ago.
Broad Ripple site of Thr3e Wise Men up for auction
The assets of Thr3e Wise Men’s now-closed Broad Ripple location will be auctioned off next month. Also this week: Kopetsky Auto Wash, Hendricks County Bank and Trust, Chuy’s, Ross Dress for Less, more.
Popular southern Indiana pizza chain to open first Indianapolis location
Evansville-based Azzip Pizza, which has eight restaurants in Indiana and Kentucky, has a site locked up for its first Indianapolis location. The company said it could open several more restaurants in the area in future years.
New owners of Tibbs Drive-In predict bright future
The new owners, who recently acquired the 24-acre property, say they’ve already made some improvements to the four-screen outdoor theater, which has been in operation on the west side of Indianapolis since 1967.
Owner of former Scotty’s Brewhouse location sued over closure
A Pots & Pans Production LLC, which provides management services for all of Scotty’s Holdings LLC’s restaurant locations, filed suit this week against Johnson Hospitality Group LLC.
Royal Pin bowling center scores big with push into group events, other games
The company spent $4.2 million to upgrade its north-side facility, adding non-bowling attractions, then worked to host corporate fundraisers, company parties and team-building retreats.
IndyGo taps new chief executive from Silicon Valley
Inez Evans will become IndyGo’s top executive next month, the Indianapolis transit agency announced Tuesday.
Scotty’s Brewhouse closes another Indiana location
The Indianapolis-based restaurant and bar chain is down to eight Scotty’s locations, plus a Thr3e Wise Men Co. taproom and eatery in Muncie. The chain had more than twice as many locations at the end of last year.
Indianapolis-based food distributor adds Chicago-area company to its fold
Indianapolis-based IF&P, one of the largest food distributors in the Midwest, has ambitions to grow through more acquisitions like one announced this week.
Protective Insurance seeks to regain footing in tough environment
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
IndyGo’s Purple Line, Blue Line to be delayed by year or more
The first phase of IndyGo’s bus rapid transit project, the Red Line, remains on schedule for a Sept. 1 debut.
Cummins to acquire fuel-cell maker
Columbus-based Cummins Inc. plans to acquire Toronto-based hydrogen fuel cell maker Hydrogenics Corp. for about $290 million, Cummins announced. Under the terms of the deal, Cummins is expected to pay $15 for each outstanding Hydrogenics share, except for the shares held by Hydrogenics’ largest shareholder. That shareholder, The Hydrogen Co., will maintain its ownership stake in […]
Local investment adviser loses state insurance license
The owner of Pendleton-based Steele Financial Inc., who is already in hot water with the Financial Industry Regulatory Authority and the SEC, has been stripped of her license by the Indiana Department of Insurance.