In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.
Heath R. Fear has been named executive vice president and CFO of the Indianapolis-based real estate investment trust, replacing Dan Sink, who stepped down June 30 after serving as Kite’s CFO for almost 20 years.
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
Owner and co-founder Art Bouvier cited myriad reasons for the upcoming closure of Papa Roux.
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
City officials and business are already considering how Market East Cultural District and the neighborhood of Twin Aire will change when courts-related public employees move in 2022.
Where scrap once heaped along Interstate 65, town officials see a community center, sports facilities, an amphitheater and maybe even a convention center.
It has grown from serving 180 children at three schools in the Indianapolis Public Schools district in 2013 to serving 1,200 children at eight schools and five summer camps this year.
Housing affordability is at a 10-year low, but home sales are still on the increase in central Indiana.
Doughnuts are still on the menu, but the company is renaming itself “Dunkin'” to reflect the chain’s increasing emphasis on coffee and other drinks.
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Before approving the proposal with a contingency, Westfield council members debated the rezoning of 321 acres near Grand Park for a project that includes a new YMCA facility.
Starbucks Corp., on a mission to move faster, is planning an organizational shake-up, including corporate layoffs, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest.
Citizens Energy gave an update Monday on the the massive, $2 billion project, which involves a network of tunnels hundreds of feet under the city to handle sewage that would otherwise spill into local waterways.
Host Mason King talks with Mark Eble, the managing director of CBRE Hotels Advisory and an expert on the hotel industry in the Midwest, to find out.
The nation’s biggest private employer asked hourly workers to rate potential incentives, including a sign-on bonus, child-care services, tutoring, pet care and gym memberships.
The developer says it had agreed to let the college continue to operate on the site for three years before the surprise news last week that it was shutting its doors for good.
