Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
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Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Simon misses analyst predictions, but reports stable mall occupancy
Simon Property Group CEO David Simon said he was pleased with first quarter results, considering the “current choppy retail environment.”
Goodwill, developer proposing $26M apartment project for near-west side
The four-story project by the White River would be reserved for middle-income workers who can’t afford higher rents downtown.
Kite Realty flies past predictions with quarterly results
Kite Realty Group Trust saw higher revenue and better-than-expected funds from operations in the first quarter, but profit slipped.
Duke Realty beats market expectations in first quarter
The Indianapolis-based real estate investment trust saw higher revenue and profit in the most recent period.
Sales of existing homes in the Indianapolis area jump 19 percent
Existing-home sales in central Indiana soared in March while rising for the 16th month out of the last 17.
McDonald’s gives thanks to Big Mac changes after surprising quarter
A revamp of McDonald’s iconic Big Mac burger and more aggressive drink promotions are helping the restaurant giant overcome a broader slump in the fast-food industry.
Local wiener eatery hawking franchises for convenience stores
King David Dogs is pursuing growth through gas stations and travel plazas by franchising kiosk-sized versions of its downtown restaurant, known for its quarter-pound, all-beef hot dogs.
Hope floats: North-side plumbing firm rehabbing building for HQ move
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
Whole Foods rallies on report that Albertsons is mulling bid
Whole Foods Market Inc. shares rose the most in two weeks after the Financial Times reported that Albertsons Cos. is considering a takeover of the organic grocer.
Historic east-side church once again in danger of demolition
The congregation that owns the St. John United Church of Christ in Cumberland says $75,000 needs to be raised within the next few weeks to pay for upkeep or the structure will be demolished as soon as June 1.
MJ Insurance moving headquarters to Carmel next year
One of the area’s largest insurance agencies announced Monday that it plans to move its corporate headquarters from the northeast side of Indianapolis to Carmel next year.
Mall owners turn to carnivals, music to fight online retailing
With customer traffic sagging, U.S. retail landlords like Indianapolis-based Simon Property Group Inc. are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.
Marsh preparing to close another seven supermarkets
The seven closings come on top of three other store closures that Marsh confirmed earlier this week.
Neighbors raising money to aid potential buyer of Saddlebrook Golf Course
The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.
UIndy president makes headway on plan to lift neighborhood
Robert Manuel has become highly educated in real estate development since arriving almost five years ago as president of the University of Indianapolis.
British retailer raises eyebrows by buying big Finish Line stake
Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.
Salesforce sign taking shape on state’s tallest building
The San Francisco-based tech giant’s moniker atop the 48-story skyscraper replaces the Chase logo that adorned the building for years following its acquisition of Bank One.
Lawmakers nearing new deal on Ricker’s beer carryout issue
The latest version of the bill still needs required signatures from legislative leaders—and it still requires approval from both the House and Senate.