Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
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Area home builders see rebound in demand after off month
Permit filings are up 6 percent so far this year in the nine-county area compared with the first 10 months of 2016.
Tech industry growth boosting local office market, report says
Growth in the technology industry has become a big driver of activity in the local commercial real estate market, according to a new report by CBRE, which ranked Indianapolis fourth for tech-job increases among U.S. cities.
Andretti Autosport sued over sponsorship money from HHGregg
A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.
Northwest-side hotel, water park shuts down
The once-popular Caribbean Cove has closed its doors, along with the national chain restaurant that operated within the hotel.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Proposed fee for Mile Square property owners attracts opposition
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
Carson’s parent Bon-Ton planning to close 40 stores
Bon-Ton, which operates 260 department stores under several names across 24 states, has just one store in Indianapolis, but that store is the only anchor in Circle Centre mall.
Packaging firm BoxUp capitalizing on ‘unboxing’ trend
Indiana-based BoxUp lets consumers customize cardboard boxes with their own logos, photos and designs and then order small (or large) quantities with a few clicks of the mouse.
Phoenix hires co-leader to manage new theater
New Managing Director Kevin Kruse is the first to answer directly to the board, instead of to Artistic Director Bryan Fonseca.
Mainstreet Property Group cuts 12 workers in reorganization
The Carmel-based developer of senior care facilities did not provide any details about the job cuts or what positions were affected.
Roundup: Kroger opens downtown grocery; Broken English debuts
Downtown gets a new grocery and taco restaurant; a seafood restaurant makes a move in Zionsville; Keystone Crossing lands new pizza place; and a midtown diner closes after four months.
Pizza restaurant in Carmel closing; owners blame traffic woes
The owners of a 16-year-old pizza and sandwich eatery in Carmel say the massive U.S. 31 reconstruction project “gutted” their business, leaving them with no choice but to close.
Irvington marketing firm buys building, prepares to exit lodge
The firm is rehabbing a commercial building in Irvington that’s been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.
Indianapolis naming new downtown plaza after Lugar
Former Mayor Richard Lugar joined current Mayor Joe Hogsett and former mayors Steve Goldsmith, Bart Peterson and Greg Ballard for Monday's announcement.
Former MLB player plans $6M training facility at Grand Park
The 65,000-square-foot-plus facility for Pro X Athlete Development would feature 44,000 square feet of open turf, full-length batting cages, weight room and golf simulators.
Brookfield bids $14.8B to acquire rest of Simon mall rival GGP
GGP, formerly known as General Growth Properties, is the second-largest shopping mall company behind Indianapolis-based Simon Property Group. Simon tried to acquire GGP in 2010.
Keystone at the Crossing restaurant closes after 22-year run
The high-end, sports-centric bar and eatery shut its doors on Sunday, but its downtown location at Circle Centre mall remains open.
Indianapolis firm lands $3.5M-plus hospital demolition project
Eighteen companies tried to land the contract for demolition of the former Reid Hospital facility.