Sales of existing homes still rising locally amid shrinking inventory
Existing-home sales in central Indiana ticked up 1.4 percent in April while rising for the 17th month out of the last 18.
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New Parkwood Crossing owners spending $6M on amenity center
The two-story facility in the north-side office park—recently purchased for $163 million—will feature a 6,000-square-foot fitness center and other perks.
Prime north-side parcel on Keystone finally sells, despite access issues
The 12.5-acre tract has been acquired by a member of the car-dealing Wood family, but its intended use remains a mystery.
Shopping mall executives say gloomy future has been exaggerated
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Cleveland-based firm acquires local architectural business
InterDesign Inc., one of the city’s 10 largest architectural firms, has been acquired by Cleveland-based K2M Design Inc., the companies announced Monday.
Marsh incentive plan awards key employees if stores are sold
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.
Indy airport selling 145 acres in Plainfield to real estate developers
In two acquisitions totaling nearly $9 million, one firm plans to expand an existing business park while the other has a big logistics facility in mind.
Roundup: Drew Brees’ sports bar scouting Indy locations; Tim Hortons nabs third site
Louisiana-based Walk-On’s, partly owned by the star quarterback, is expanding via franchising, while Tim Hortons builds on its presence in Indy.
Experts: Marsh purchase doomed from start
In 2006, when Sun Capital Partners bought Marsh Supermarkets, the bet looked risky at best.
Near-north-side restaurant closes after short run
Asian-inspired Long Branch opened in November in The Delaware retail-residential complex at the northeast corner of 22nd and Delaware streets.
Sale of HHGregg name could lead to brand’s resurrection
HHGregg Inc. will be history once the Indianapolis-based appliance and electronics chain wraps up store-closing sales at the last of its 220 locations this spring. Or will it?
Downtown dining institution Elbow Room set to close
The pub opened in 1933, shortly after the 21st Amendment repealed the prohibition on alcohol. Its 124-year-old home, one of the few remaining flat-iron buildings downtown, soon will be available.
New plans emerge for former Omar Bakery site on East 16th
A homebuilder wants to tear down the vacant, century-old building and construct 34 townhomes on the site, which is in the middle of an area on the rise.
Regional appliance retailer planning stores in Indianapolis area
Grand Appliance and TV, a family-owned chain with 20 stores in Illinois, Wisconsin and Iowa, is set to open its first Indiana store in July, with hopes of filling part of the void left by the closure of HHGregg.
Fast-casual eatery chain planning north-side location, six more in Indy
Founded in 2015, the New York-based chain featuring bowls of greens, grains and bone broths is in the midst of a major expansion calling for hundreds of locations.
Central Indiana home builders see another uptick in demand
Filings for new homes in central Indiana rose 3 percent in April—marking the 20th monthly increase in demand over the last 24 months.
Real estate crowdfunding firm graduates to first apartment property
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Sears CEO lashes out at suppliers trying to ‘take advantage’
Sears Holdings Corp. CEO Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the struggling retailer’s future have hurt its position with vendors.
Marsh likely will need federal bailout for $76M pension shortfall
A federal agency likely will step in and pick up the unfunded-pension tab once Marsh Supermarkets exits Chapter 11 bankruptcy. That's not an unusual situation for companies that have been owned by private equity firm Sun Capital Partners.
U.S. retail sales rebound after sluggish winter, but not at all stores
Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded in April. Sales fell, however, in general merchandise stores.