Cyber-security firm ditches downtown office for suburbs
Rook Security has relocated to Carmel from downtown Indianapolis and ultimately hopes to land in Fishers.
Rook Security has relocated to Carmel from downtown Indianapolis and ultimately hopes to land in Fishers.
The mild winter has meant more home sales at the beginning of the year than usual, said F.C. Tucker President Jim Litten.
It was quite a change, to say the least, from the Jim O’Neils’ previous abode—a large but traditional home on 116th Street.
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.
City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
The locally based retailer of athletic apparel and footwear lost $9.5 million in its fiscal fourth quarter, falling short of earnings expectations and sending company shares tumbling in morning trading.
The number of “distressed” retailers—those with cash problems and poor credit profiles that are facing strong competition—is at the highest rate since 2009, says Moody’s Investor Service.
The city’s largest public relations firm is leaving its downtown space in the historic Majestic Building for Lockerbie Marketplace.
MoFoCo, formerly the Monon Food Co., plans to open a downtown location March 27, while Bob’s Discount Furniture prepares to launch from two stores formerly occupied by a local furniture heavyweight.
Payless Inc., which has about 15 shoe stores in the Indianapolis area, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.
Officials say the new rules eliminate redundancies and establish three new zoning districts that better reflect the city’s growth.
A decision by a national religious-based retailer to close all 240 of its stores will put 14 Indiana locations out of business.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
The 315-room hotel, built in 1998 at Keystone at the Crossing, now boasts several amenities and improvements that give it a more modern feel.
In a move to bring shoppers back to its stores, Target Corp. is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
Eleven stores in Indiana, including four in Indianapolis, are on the closure list. Five area stores escaped the list.
The bill’s author, Rep. Matt Lehman, R-Berne, says it’s important to stop knee-jerk government regulation that would restrict anyone’s ability to “use our private property for what we want to use it for.”
Holladay Properties is expected to find development opportunities for 266 acres of unused airport land just south of West Washington Street.
The department store chain announced Feb. 24 that it planned to close about 14 percent of its locations. On Friday, the retailer unveiled a list of 138 stores that were on the chopping block.