The appliance-and-electronics retailer never disclosed the identity of the proposed buyer, but statements by attorneys in court and in a court filing suggest it was affiliated with Zimmerman Advertising, the company's advertising agency.
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.
After more than a year of experiencing rising demand for new homes, Indianapolis-area builders had an off month in February.
Troy Sissom has been ordered to serve 41 months in federal prison for defrauding F.A. Wilhelm Construction Co. from 2003 to 2015.
The entity charged with selling the 103-acre site said the proposals represent up to $1 billion in investment to transform the vacant parcel into a destination.
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
The century-old discount department store chain, which has a store in Avon, said it planned to permanently close a distribution center southwest of Indianapolis on May 12.
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
The Grand Millennium Center, proposed by EdgeRock Development LLC, is expected to include a civic center, YMCA, aquatics center and health care facility, convention center and at least one hotel with possibly 500 rooms.
The decision comes amid growing opposition to the 15-acre national cemetery project, which opponents say endangers old-growth forest on the northern border of Crown Hill.
Gander Mountain is closing two stores in Indiana, including one of its Indianapolis-area locations, as part of a bankruptcy restructuring plan that will close 32 stores overall.
The century-old discount department store chain operates one store in the Indianapolis area and several more in other parts of the state.
A company that owns more than a dozen strip clubs around the country, including one in Indianapolis, is facing a federal lawsuit over allegations that it exploited its dancers by requiring them to pay fees in order to work.
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
The regional retailer, which has about a dozen superstores in the area, said it will offer the service beginning in April through outside vendor Shipt Inc.
The hospital system plans to tear down a two-story hotel near its Indianapolis flagship campus and build a training facility for simulating situations in acute care.
A plan to build a $7.7 million affordable housing project on the site failed to win the necessary tax credits to help finance the development.
