Central Indiana existing-home sales show monthly increase
Sales and prices for existing homes were both on the rise in October in the 15-county area, according to the latest data from the MIBOR Realtor Association.
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Surge in online holiday sales may bring February hangover
The takeaway from the past few days is that Americans are spending at unprecedented levels, and the overwhelming majority of that growth—if not all of it—is online.
Riverview Health chooses north Carmel site for new facility
Riverview Health plans to build one of its new freestanding combined ER/urgent care facilities on Hazel Dell Road, south of 146th Street.
Developer spending $15M to build senior villas on 86th Street
A senior housing community east of the St. Vincent Hospital campus is expected to undergo a major expansion over the next year that will add several dozen independent-living residences.
Columbus buying shopping mall to make it recreational/tourism complex
The city of Columbus is partnering with Columbus Regional Hospital and the Heritage Fund/The Community Foundation of Bartholomew County on the $5.9 million purchase.
Old-school retailers struggle to keep up with online surge on busy Black Friday
Black Friday is increasingly an online shopping event, and that’s not necessarily a good thing for legacy retailers, some of which found themselves falling behind during America’s annual spending spree.
Insurer acquires former CMG headquarters in Fishers as part of expansion plan
DMC Insurance, founded by three former executives from local insurer Baldwin & Lyons, has acquired a prominent office building along Interstate 69 in Fishers and plans to ramp up employment.
Area builders still seeing rising demand for homes, but pace is slowing
Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
Memory Bank: Taking the Santa Express at L.S. Ayres
In 1958, L.S. Ayres introduced the Santa Claus Express, an electric train children rode through the store on their way to see Santa.
Kite seeks to minimize risk in convention-hotels project
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
Butcher, brewery team up for retail, lounge combo on College Avenue
Columbus-based Savory Swine and Indianapolis’ Cannon Ball Brewing Co. are collaborating on a plan to occupy the century-old downtown building that formerly housed 501 Tavern.
Americans, Canadians warned not to eat romaine lettuce
FDA Commissioner Scott Gottlieb said the FDA wanted to issue a warning about a new E. coli outbreak before people gathered for Thanksgiving meals, where the potential for exposure could increase.
Former Marsh store in Castleton area lands new tenant
Jane Pauley Community Health Center plans to fill about a third of the space, which was vacated by defunct grocery chain Marsh Supermarkets in May 2017.
Upland Brewing plans expansion of College Avenue tasting room with eatery
The watering hole will take over the former Open Society Public House restaurant space next door, with plans to debut the addition and a seasonal menu just before year’s end.
Stringtown fishing retailer calling it quits after seven decades
Westside Bait & Tackle, a family-owned fishing shop that opened in 1951, plans to close its doors for good on Dec. 31.
Zeller buys downtown office complex for $63M, plans amenity upgrades
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
National bridal retailer files for Chapter 11 bankruptcy
David’s Bridal, a 68-year-old retailer with more than 300 stores, including two Indianapolis-area shops, filed for bankruptcy Monday, with a plan to cut debt by more than $400 million.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
Infosys kicks off huge construction project, brings in clients for show and tell
Local dignitaries and regional clients were expected to be on hand as India-based tech giant Infosys kicked-off construction of its $245 million educational campus. The first phase is scheduled to be done by the end of 2020.