Pie Five closes near Monument Circle, making way for burger chain
The fast-fire pizza chain on Saturday shut its doors, but it won’t be long before another fast-casual option opens in the same high-visibility location.
Real Estate
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Indianapolis real estate attorney Karl Haas dies at 57
Attorney Karl Haas worked on some of the Indianapolis area’s biggest real estate projects over past last three decades.
Construction set to begin on $17M downtown hotel
The project has been in the works for two years. A ceremonial groundbreaking is set for Wednesday at the site, two blocks east of Lucas Oil Stadium.
Three-story building to rise on hot East 16th Street corridor
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Longtime Mass Ave tavern closing, with Cunningham in wings
The second-oldest bar in Indianapolis will soon close its doors, clearing the way for one of the city’s most dynamic restaurateurs to take over the space.
Local restaurateur taking over Cerulean space at high-end hotel
The group behind some of the city’s hottest eateries of the last decade plans to open a “coastal Italian” concept in the space that Cerulean is vacating at the end of the month.
Couple who pitched Westfield baseball center bristle over potential deal with mayor’s nephew
Sue and Chris Estep, owners of RoundTripper Baseball Academy in Westfield, say they met with Mayor Andy Cook to discuss the possibility of relocating to Grand Park.
Economy is good, but many restaurants closed in 2017
When downtown’s upscale Cerulean stops serving on Dec. 31, it will mark the end of a brutal year for the local restaurant industry marked by an unusually high number of closings.
All eyes on Anthem after CVS megadeal
Pressure is building on the insurer to drop its conservative, bread-and-butter approach after one of its biggest rivals, Aetna Inc., agreed to be bought by drugstore chain CVS Health for $69 billion.
Auto industry bracing for slight sales declines this year and next
Following seven years of growth in new-vehicle sales, U.S. consumers appear to be tapping the brakes—but the auto industry says the slowdown is not causing them concern.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
Roundup: Crispy Bird taking flight, Japanese-inspired Blue Sushi and Ukiyo to follow
Martha Hoover’s latest creation, a Southern-style fried-chicken joint, begins serving Thursday, while the new eatery from local tastemaker Neal Brown prepares for a January debut.
Serial entrepreneurs opening low-key, eclectic nightspot on Mass Ave
The longtime collaborators responsible for Wild Beaver Saloon are melding live performance with a love of facial hair in the three-story Burnside Inn.
Judge sides with Simon, bars Starbucks from closing Teavana stores
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
Lee & Associates lands billion-selling real estate veteran
Rebecca Wells jumps ship from JLL to help Lee & Associates grow its capital markets team in the Midwest.
How to fill 300,000 square feet of fresh retail space
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
CVS-Aetna deal could hinge on antitrust approach under Trump
CVS Health Corp.’s $67.5 billion takeover of Aetna Inc. will test the administration’s approach to far-reaching corporate takeovers, just weeks after the U.S. government sued to block a major telecommunications merger.
UPDATE: CVS buying Aetna for $67B, shaking up health care industry
The deal comes as the health sector is looking over the horizon at Amazon.com Inc., and how the company could transform the business of buying, distributing and selling drugs and medical products if it gets into health care.
Macy’s to add 7,000 workers amid strong holiday sales
Macy's needs a good holiday season after suffering 11 straight quarters of sales declines.
Posh downtown restaurant in Alexander hotel closing at end of month
The owner announced on Friday that the Asian-inspired fine-dining establishment will stop serving on Dec. 31, after a five-year run in the CityWay development.