Children’s clothing retailer with 4 area stores set for bankruptcy
San Francisco-based retailer Gymboree Corp. operates more than a dozen stores in Indiana, including four at some of the Indianapolis-area's top shopping centers.
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Payless closing list doesn’t leave Indiana unscathed
The struggling discount chain, which filed for Chapter 11 bankruptcy protection April 4, has released a list of nearly 400 Payless Shoe Source stores that it plans to close immediately nationwide.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Ben & Ari’s closes in Fishers after 18 years in business
The owners of the popular miniature golf course, arcade and party-hosting facility have sold the property along busy State Road 37 to a buyer who plans to open a used-car business.
Top Simon exec exiting company
David Contis, Simon Property Group’s president of mall operations, is resigning from the Indianapolis-based retail real estate giant to “spend more time with his family,” the firm said in an SEC filing.
HHGregg shutting down after 62 years in business
An email from the Indianapolis-based company to employees on Friday afternoon said efforts to find a buyer that would keep the business running failed and that liquidation sales will start Saturday.
HHGregg looks to be latest casualty in possible record year for retail closings
Year-to-date store closings are already outpacing those of 2008, when the last U.S. recession was raging, according to Credit Suisse Group. About 2,880 closings have been announced so far this year, compared with 1,153 for this period of 2016.
Browning seeks to develop massive office park in North Meridian corridor
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.
Bill addressing short-term rentals clears Indiana Senate
The Indiana Senate has narrowly backed a proposal attempting to navigate regulations on short-term rentals amid a changing market that now includes companies like Airbnb.
Teen clothing chain with 9 local stores preparing for bankruptcy
Rue21 Inc., a teen clothing chain with 37 stores in Indiana, could file for bankruptcy this month, according to people familiar with the matter.
Two Family Dollar stores in Indianapolis set for closure
Discount retail chain Dollar Express has confirmed plans to close five Family Dollar stores in Indiana, including two in Indianapolis. But it is possible the stores could emerge again with a new name under new ownership.
Update: High-profile Chatham Arch project still in limbo; Fletcher Place demo OK’d
A developer who wants to build a mix of condominiums, town houses and single-family homes near Mass Ave once again has returned to the drawing board.
Fate of short-term rentals bill up in air after more changes
Changes made to a short-term rentals bill earlier in the week were erased in the Senate on Wednesday.
Cold beer battle brewing after GOP leaders offer final bills
Lawmakers worked Wednesday to keep legislation alive that addresses a legal loophole used by Ricker's convenience stores to sell cold beer at two of its 50 locations.
Local developer buys downtown’s One North Penn building
Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.
Coffee giant JAB to buy Panera Bread chain for $7.5 billion
Closely held JAB, which is backed by the billionaire Reimann family of Austria, is further adding to a caffeine empire that already includes Keurig Green Mountain, Krispy Kreme Doughnuts and Peet’s Coffee & Tea.
Patachou’s Hoover making progress on new Public Greens, Crispy Bird eateries
Within three months, the matriarch of the Cafe Patachou family of restaurants hopes to open a downtown outpost for Public Greens and a Meridian-Kessler nest for her fledgling fried-chicken concept.
Permits might be required for short-term home rentals
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
U.S. construction spending reaches 11-year high
U.S. developers ramped up construction spending in February, led by more building of homes, highways and schools.