City’s historic preservation commission hires from within to fill top post
A 17-year veteran of the Indianapolis Historic Preservation Commission has been appointed administrator of the city body, replacing longtime leader David Baker.
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Sears Holdings to close 103 stores, including local Kmart
The local store closure will leave Indianapolis with just one remaining Kmart.
Simon widow donates massive estate to Songbook Foundation
The widow of Mel Simon is donating her entire 107-acre estate in Carmel to the Great American Songbook Foundation—a gift valued at more than $30 million that the foundation plans to use to help it establish a major museum in central Indiana.
Latest round of Macy’s closures claims one store in Indiana
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.
Downtown hotel project delayed by lawsuit from adjacent apartment owner
The owner of a complex near where Sun Development wants to build a dual-branded hotel incorporating a historic church is suing over a strip of land that would run through the project.
Claymon brothers sell off another mobile office business
Brent and Matthew Claymon, the entrepreneurs known for selling Pac Van Inc. for tens of millions of dollars in 2006, have sold another Indianapolis-based company that leases mobile offices and storage units.
East 16th Street revival hits high gear
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
City eyes another big hotel downtown
City and hospitality officials have started laying the groundwork to accommodate demand for rooms booked for conventions and other big events by Visit Indy.
Amazon grabs headlines, but Aldi, Lidl still the grocers to watch
Aldi and Lidl—two no-frills German discounters that are expanding quickly in the United States—are putting more pressure on grocery giants Kroger and Walmart than Amazon.
Re/Max brokerages merge to form 80-agent firm from west side to downtown
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Dry cleaner with unusual pricing model coming to Indy
A franchisee has agreed to open five locations in the metropolitan area, with the first expected to begin operating in August, in the former Fox & Hound space on the city’s northeast side.
Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.
Indiana Supreme Court to consider Simon, Teavana dispute
A lower court judge temporarily blocked Starbucks from closing its Teavana stores because of its lease obligations.
Retail caps strong season with help from long Christmas weekend
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
Mo’s downtown location to reopen as ‘Paleo-inspired’ diner
Owner John Vassallo plans to open Nook in February with a highly-educated staff that can help diners learn how foods impact their bodies.
Rodizio Grill hoping to reopen locally after Carmel closure
Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.
German eatery planned for former Bent Rail restaurant site
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
Long-time south-side bakery closing doors
A nearly-30-year-old business known for custom-made cakes for weddings, graduations, birthdays and other special events is liquidating its equipment and closing its shop near the University of Indianapolis.