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.
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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.
Holiday shopping season expected to be huge, but not for all retailers
This Christmas season might be the last hurrah for some well-known retailers who are sitting on loads of unsustainable debt.
Memory Bank: Preparing Thanksgiving baskets for the needy
Members of the Indiana Civic Workers Club prepared Thanksgiving food and supply baskets at the home of Effie Crowe at 2116 Bellefontaine St., in a photo published in the Indianapolis Recorder on Nov. 26, 1960.
King David Dogs closing its downtown restaurant
The owners of the 12-year-old restaurant say they want to focus on new projects, including a catering business that specializes in smoked meats.
Home-products e-tailer offers one-stop shopping
Matt Phillips of Zionsville spent 13 years working in retail before leaving the corporate world to launch his own online retailer last year.
Carmel-based enVista helps retailers navigate e-commerce
The rise of e-commerce, technology and big data has brought big changes to the retail industry—and big opportunities for Carmel-based software and consulting company enVista LLC.
Businessmen plan $14M design center, makerspace in Fishers
The 85,000-square-foot design center will include a showroom, office and warehouse space, and a makerspace for hobbyists, entrepreneurs and students.
Developer plans $31M redevelopment of junkyard in Noblesville
Jackson Development received approval to redevelop 38 acres along 146th Street occupied by an auto salvage business into a business park featuring office and retail space.
Amazon bypasses Indy for massive logistics hub in Tennessee
Indianapolis is known as the Crossroads of America, but a site-selection expert said Amazon didn’t tell local officials that it was considering creating a 5,000-worker logistics and operations hub. Amazon has picked Nashville, Tennessee, for the hub, which will be the largest economic development deal in the state’s history.
Amazon targets big talent pools over smaller markets with split-HQ decision
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
Amazon HQ site choices: Similar basics but different vibes
The communities reportedly chosen to become homes to a pair of big, new East Coast bases for Amazon.com are both riverfront stretches of major metropolitan areas with ample transportation and space for workers.
Amazon.com chooses NYC, northern Virginia for new HQ locations, newspaper says
The e-commerce giant is expected to announce the decision as early as Tuesday, The Wall Street Journal reported Monday night. Indianapolis had been a top 20 finalist out of 238 that bid for the site.
Town of Speedway buys PNC building to renovate for new government center
The town of Speedway said it will use the 40,000-square-foot building to centralize some of its existing offices, which are spread across several nearby buildings.
Funeral home company acquires west-side industrial building
Flanner Buchanan, an Indianapolis-based company with more than a dozen funeral home locations in central Indiana, recently acquired the 32,000-square-foot building near the Riverside area.
Developer scraps plan for $22M downtown hotel, citing costs
Sun Development & Management Corp said the 11-story, 150-room project slated for a surface parking lot along South Meridian Street turned out to be “cost-prohibitive.”
Dammann’s closing east-side nursery location after 36 years
The family-owned business says it wants to focus its efforts on its main location, a 10-acre growing facility and retail store on the city’s west side.