Simon Property tops quarterly estimates, raises full-year guidance
Shares in the Indianapolis-based mall owner rose in early-morning trading Tuesday after the company increased its quarterly dividend and its full-year guidance for 2017.
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Changes coming to second floor of Salesforce Tower
Downtown Indy will move down from the 19th floor to take a portion of the space while the rest will be converted into a tenant lobby, featuring a bar and putting green.
Fort Harrison officials finish $3 million street extension
The Fort Harrison Reuse Authority on Monday opened a $3 million expansion of Otis Avenue that officials hope will attract more development to the former Fort Benjamin Harrison military base.
Former Estridge Homes controller sentenced to 21 months in prison
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
Safeway stores get fix-up under new owners
Local grocery chain Safeway, hatched during World War II, has outlasted other homegrown competitors at a time large nationals are increasing their market share.
Starbucks to close all Teavana stores as sales disappoint
Four of Teavana’s 379 locations—which will all shut down over the coming year—are in Indianapolis-area malls.
DINING: Revamped Fall Creek Place restaurant shifts emphasis to late-day breakfast
The interior of 22nd St. Diner holds no spinning-stool counter or revolving dessert display, and while there is an emphasis on breakfast foods, they don’t come in the standard diner shapes and sizes.
Vaping industry takes off after monopoly removed
Indiana’s once-struggling vaping industry is expanding again now that a new state law has eliminated a monopoly that strangled manufacturers’ ability to sell their products here.
Roundup: Broad Ripple T-shirt shop adding Carmel store; Stompin Barley opens
Plus: New places for chicken and popcorn downtown, another Stacked Pickle location, and an expansion by Biscuits Cafe.
Kite sees profit, revenue growth on improving occupancies
Kite Realty Group Trust on Wednesday reported second-quarter financial results that topped Wall Street expectations.
Duke Realty tops analyst predictions with quarterly results
The Indianapolis-based real estate company exceeded expectations in a key financial category and posted huge earnings thanks to the sale of its medical office business.
Area home sales increase amid rising prices, lower inventory
Sales have risen on a year-over-year basis in 18 of the last 20 months.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Sports retailer stocks fall as Hibbett posts gloomy outlook
Hibbett, a sporting goods chain with more than 1,000 stores, including several in the Indianapolis area, announced bad news Monday morning. Shares of its competitors, such as Indianapolis-based Finish Line Inc., also fell.
Distillery opening tasting room, eatery in newly vibrant East 16th Street area
West Fork Whiskey will move from the northwest side and expand from a production facility to offer whiskey by the glass, plus dining, a bar and a lounge.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Developer wants land in Greenwood zoned industrial
The 350 acres is mostly farmland but does include about a dozen homes.
Carson’s in Circle Centre is part of reeling department store firm
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Simon, Kite seek to dispel ‘retail apocalypse’ narrative
Some portfolio managers believe the market is painting the retail sector with too broad a brush. Yes, they say, many malls will go under, as will many retailers. But developers focusing on high-end properties—a description that fits both Simon and Kite—should fare just fine.
$20M hotel to be loaded with eateries
Ironworks Hotel Indy will feature 15,000 square feet of street-level retail space, including Blue Sushi Sake Grill, Massage Heights and Cunningham Restaurant Group’s Rize. Cunningham also will operate Provision in second-floor retail space.