Simon settles suit with Starbucks over closing Teavana stores
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
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Sun King to announce plans for Fishers brewery with developer of The Yard
The Indianapolis-based brewing company wouldn’t specify a location for the brewery, despite noting that a representative from the developer would be on hand at the Jan. 23 press conference.
Roundup: Downtown debuts include Urban Eats, Chef JJ’s Luncheonette, Nature’s Table
Three new restaurants are opening on the Mile Square’s south side, including a couple of nontraditional locations piggybacking on established facilities and a Mexican eatery taking the former site of El Rodeo.
Armory revamp for Herron High School campus clears major financing hurdle
Leaders of the $10.3 million Riverside High School project on the west side—a sister to Herron High School and set to open in the fall—have cobbled together several funding sources to finance the project.
IPS fields five bids for buying, revamping site on hot East 16th Street corridor
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
Five-restaurant Le Peep owner changes hands
The new owners of the local company—which was launched in 1988 by Bill Eckrich as part of the national Le Peep chain—plan to renovate all the restaurants.
Walmart boosts starting pay to $11 an hour, offers bonuses
The company said the moves that will affect more than a million hourly workers in the U.S. are tied to recently enacted tax legislation that will save it money.
Sam’s Club closing two Indianapolis stores
Parent company Wal-Mart Stores Inc. said Thursday morning that it plans to close the stores at the end of the month as it shifts more resources into online operations.
Couple’s ‘passion project’: new downtown event center on Delaware Street
Dan and Julie Johnston bought a historic office building near the foot of Mass Ave and are renovating it into state-of-the-art meeting and event space with high-tech bells and whistles.
Landlord holds key to Twin Aire neighborhood transformation
Chicago-based Mer Car Corp. owns the 95,700-square-foot strip center anchored by a Kroger, where Southeastern and English avenues meet, just west of where the justice center is set to be built.
Greenwood sports-complex project stalled over energy rebate
A $25 million Greenwood sports complex is on ice while its developers try to work out a deal to get a sizable, one-time rebate from Indianapolis Power & Light Co.
Former Indianapolis entrepreneur charged with fraud in real estate deal
An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
Massive north-side office park fetches $133 million
Philadelphia-based Rubenstein Partners and Strategic Capital Partners of Indianapolis have acquired the Precedent Office Park, the second large local business park purchased by the partnership in the past 18 months.
Target shares rise after brisk holiday sales help boost forecast
Target Corp. emerged as a winner this holiday season, boosting its turnaround plan and pressuring rival Wal-Mart Stores Inc. to match the performance.
Roundup: Updates on Giordano’s, Weekends Only on south side
The Chicago-based pizza chain has started construction on its third Indianapolis restaurant, a former Max & Erma’s, while Weekends Only prepares to open its second local store, in a former Kroger supermarket.
Artist Noel upgrades Zionsville landmark in hopes of making it more marketable
She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.
Westfield approves development around Wood Wind Golf Club
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
Fire destroys 75 boats at Indianapolis storage facility
The Indianapolis Fire Department said no one was injured in the fire at the Just Add Water Boats winter storage facility, but every boat was destroyed.
British retailer boosts Finish Line stake to 35 percent
Sports Direct International again has increased its holdings in the Indianapolis-based athletic shoe and apparel retailer.
Kohl’s joins holiday party with rebounding department stores
Kohl's put up big sales numbers throughout November and December, joining J.C. Penney and Macy’s in a much-needed holiday rally for traditional retailers.