National real estate brokerage making bigger play into hot industrial market
The local office of Lee & Associates plans to more than double the number of brokers it devotes to the sector, as industrial vacancy remains solidly in the single digits.
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Oldest business in downtown Fishers closing
The family-owned meat shop and full-service caterer has been operating in the northern suburbs since 1966. It moved from Zionsville to Fishers in 1969.
Plastics maker plans to take over shuttered Bluffton plant, invest $27M
20/20 Custom Molded Plastics says it will start operations Tuesday at the Wells County facility, formerly occupied by Buckhorn Inc., and hire 100 workers by the end of the year.
Government center could close during asbestos removal
Members of the Madison County Council have asked the county administrator about the cost of shutting down the center in Anderson during the seven-month process.
Land bank adds commercial properties
City officials are turning to the not-for-profit Renew Indianapolis to market and sell industrial sites, adding to its responsibilities reaching far beyond residential properties and vacant lots.
Online shops opening brick-and-mortar stores
Simon Property Group Inc., the nation’s largest mall owner, is getting a big assist from an unlikely source in its bid to backfill wide swaths of space left by failed or struggling clothing chains.
Scott Jones’ home in Carmel can be had for $3.9M
The tech entrepreneur officially has put his 24,400-square-foot mansion on the market while also planning to unload its contents at an estate sale next month.
Stock skids at Lids’ parent firm after company whacks outlook
Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.
Downtown roundup: Barbecue joint delays opening; men’s clothier closes
Sugarfire Smoke House won’t begin serving customers in early fall, as it had previously announced. Meanwhile, there’s turnover at another prime retail spot on Washington Street.
Sneak peek: North-side Ironworks hotel oozes industrial chic
The $20 million, 120-room hotel is expected to open in mid-September, when guests can bask in decor that pays homage to the nation’s industrial roots.
Scott Jones puts contents of Carmel mansion up for sale
The 27,000-square-foot home is expected to go on the market soon. But its furnishings and some of the tech guru’s belongings will be available at a September estate sale.
Fourteen former Marsh groceries to convert to Needler’s Fresh Market brand
The newly created moniker is a nod to the Needler family of Findlay, Ohio, third generation grocers. The former Marsh stores are owned by Michael Needler Jr. and his sister, Julie Needler Anderson.
Nike malaise dragging down Finish Line, analysts say
A veteran retail analyst said Nike, Finish Line's biggest vendor by far, has demonstrated "little to no material innovation" in more than two years.
East side’s Promise Zone hits big milestone by leveraging nearly $120M
The area on the near-east side is one of eight nationally to be designated for the program, which gives high-poverty communities a leg up in receiving assistance for revitalization efforts.
Fragrance retailer with local store files for bankruptcy protection
Fragrance seller Perfumania has filed for bankruptcy protection, and plans to close 65 of its 230 stores as it focuses more on selling online.
Amid weak results and sliding stock, Finish Line adopts anti-takeover plan
Finish Line adopted the shareholder-rights plan, also known as a poison pill, after a British retailer acquired a substantial stake in the Indianapolis-based company.
Amazon wastes little time slashing prices at Whole Foods
The internet juggernaut spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.
Bloomington could open more sites to adult businesses
Only about eight acres in Bloomington, accounting for less than 1 percent of the city, are available to adult bookstores, movie theaters, novelty stores and similar businesses.
Purdue turns to private apartments to house surplus of students
The university enrolled about 7,600 freshmen this fall, its largest first-year class in more than a decade. Almost 95 percent of them decided to live on campus.
Simon sues Starbucks in bid to block mass Teavana closings
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”