Ned Rule, former managing director of investments, claims the Carmel-based developer terminated him without cause to save money during a financial downturn, violating his employment contract.
The company’s troubles have affected toy makers Mattel and Hasbro, which are big suppliers to the chain. But the likely liquidation will have a more significant impact on smaller toy makers that rely more on the chain for sales.
Only the Pan Am Plaza and a city-owned parking garage on Illinois Street jump out as prime locations for the mega-hotel Visit Indy wants downtown, hospitality industry observers say.
Toys “R” Us plans to shut down its U.S. operations, eliminating the jobs of some 30,000 employees while spelling the end for a 70-year-old retailer known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.
The attack that took place Tuesday afternoon at Acapulco Joe's, 365 N. Illinois St., left 57-year-old owner Grant Redmond unconscious with a blood clot on his brain that required surgery.
Broad Ripple Amusement Park—on the site of what is now Broad Ripple Park—was the successor to White City Amusement Park, which opened May 26, 1906, but burned down just two years later.
The $110 million Yard at Fishers District will feature about 15 restaurants, including two St. Elmo-owned concepts; a Sun King tasting room; a dual-branded hotel; and hundreds of apartments.
The Yards will consist of 232 market-rate apartments, ranging from studios to two-bedroom units, and 3,150 square feet of retail space.
Signet Jewelers Ltd., which operates at least 18 stores in the Indianapolis area and thousands nationwide, is betting that a shift online can help pull the company out of a sales slump.
A barbecue joint started by an Arizona radio personality from Ohio will make its first venture outside of the Phoenix area when it opens this spring.
Council member Colleen Fanning said the action gives neighbors another chance to have their say in a redevelopment proposal that could affect what’s been deemed Haverstick Woods.
City and tourism officials had requested proposals for a hotel that would rival the 1,004-room JW Marriott and include ballroom space integral to attracting more conventions to the city.
The record store shares leased space with the bookstore Bookmamas, a separate business that also announced that it plans to close.
Claire’s Stores Inc., the fashion accessories chain where legions of preteens got their ears pierced, is preparing to file for bankruptcy in the coming weeks, according to people with knowledge of the plans.
Toys “R” Us Inc., which has three Indianapolis-area stores, is expected to liquidate its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
At its height in the 1960s, the P.R. Mallory building on Washington Street had 1,500 workers.
The Hogsett administration and City-County Council are weighing whether to kill a little-known organization that has quietly worked for two decades on the key downtown redevelopments.
Top Indy bartenders didn't don’t merely follow recipes and serve drinks. They savor the complex interplay among ingredients and have strong opinions about what makes a great cocktail.
The segment crashed in the financial crisis that began in 2008, forcing banks to write off billions of dollars in loans. But it’s roared back since, and last year national commercial real estate lending surpassed its 2008 peak.
