Scale Computing secures new digs downtown
The fast-growing tech firm is joining several companies that have signed up for space in a short-term-leasing operation not far from Lucas Oil Stadium.
Real Estate
Articles
IHPC administrator more than ‘hired help’
For 30 of the commission’s 50 years of existence, David Baker has been a powerful but low-profile force in saving some of the city’s oldest structures from demolition.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Tom Wood moving Toyota dealership to Whitestown
The company has acquired a 10-acre parcel near the southeast corner of Interstate 65 and Whitestown Parkway for $3.6 million, giving it 25 acres at the interchange for the new dealership.
Undaunted, HHGregg CEO sees clear path to turnaround
Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.
Restaurant owners charged with underreporting $1.8M in sales
The two owners operated six eateries in central Indiana, including one in Indianapolis, and have agreed to pay nearly $143,000 in restitution to the state Department of Revenue.
Retail group predicts solid sales growth despite struggles for some stores
Despite a bumpy holiday season and other issues, the largest retail trade group says it's still optimistic that sales will grow this year.
Contamination at former Coca-Cola plant site extends into neighborhood
The developer who is planning a $260 million redevelopment of the downtown property says a contaminant has seeped into the adjacent Chatham Arch area.
Jury still out on Marion County courts going to proposed jail location
Judges have an aggressive timeline for making the decision whether to move courts to the Twin Aire neighborhood with the city’s proposed criminal justice complex.
Restaurateur Brown to close Mass Ave Pizzology, open new eatery
Neal Brown, who’s already busy taking over the Recess space south of Broad Ripple for a new eatery, also is cooking up something new in the current location of Pizzology on Mass Ave.
Chinese tire importer buys former GM plant in Anderson
Sutong China Tire Resources plans to have 20 to 40 workers at the site, where it will service the utility and recreational vehicle trailer industry.
Two new stores coming to Fashion Mall, two others expanding
The arrivals and expansions follow a busy year for the upscale north-side mall, which saw plenty of activity in 2016.
Demand for round-the-clock dental services spawns more locations
Since opening in late 2014, 24 Hour Dental Care has moved to a larger location and opened another office in Castleton, with plans for two more in the metro area.
New owner of local Sylvan centers moving all three
Following his recent purchases, Ken Kolbow plans to move the tutoring facilities to locations where he thinks he can attract more students.
Bill that would restrict bans on short-term rentals stalls in House
The result is a victory for local governments that want to thwart homeowners from offering their houses on Airbnb—but not for homeowners in those communities who wish to use such services to make extra money.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Hudson’s Bay reportedly in early takeover talks with Macy’s
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
Struggling HHGregg lays off 100 in bid to save $15M a year
In a statement, CEO Robert Riesbeck said: "While decisions like this are never easy, we are taking the necessary steps to preserve and grow our business during the continued challenging retail environment.”
Pre-cast concrete firm planning 39 hires in Whitestown
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
Kite Realty just misses quarterly expectations
Indianapolis-based real estate investment trust Kite Realty Trust fell just short of Wall Street predictions for revenue and funds from operations in the fourth quarter.