‘Sisters of Savings’ sell Hare Chevrolet to national firm
But the dealership’s ubiquitous commercials won’t be going anywhere.
Real Estate
Articles
Ambrose pays $47.8M for north-side office property
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
More pay, greater confidence lifts U.S. retail sales 0.6 percent
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and an increase in pay.
City’s vision would relink GM property to downtown
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.
Whitestown sees spike in single-family home permits
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Apartment project by Athenaeum delayed by neighbor challenge
Nearby residents say the $15 million multi-use development shouldn’t be allowed and have asked a judge to review a decision to approve the project by the Indianapolis Historic Preservation Commission.
Starbucks ends ‘Evenings’ alcohol program
The Seattle-based coffee chain will no longer sell beer and wine at more than 400 U.S. locations, including as many as nine in central Indiana.
Mass Ave Toys to help anchor evolving north-side retail center
The owners of 54th & Monon Shops, a three-building complex, are nearly finished converting the former industrial area into a retail hub.
HHGregg expecting major drop in sales in latest quarter
HHGregg released preliminary sales results for its latest quarter Monday after the market closed. Shares fell 24 percent in after-hours trading, to $1 each, after closing at $1.31.
Westfield City Council approves 300-acre Aurora development
The 300-plus-acre office, retail and residential project, which will be located near the southeast corner of U.S. 31 and State Road 38, to the west of Grassy Branch Road, is being pursued by developer Chris R. White.
Hustler Hollywood sues city over zoning roadblocks
Beverly Hills-based Hustler Hollywood says city officials are incorrectly classifying its planned Castleton store as an adult business, which is preventing it from opening its doors. It filed suit over the denial on Thursday.
Westfield schools plan May referendum to pay for construction projects
The district’s school board voted Tuesday to have a special election May 2 to ask residents for a tax hike to raise $90 million.
Sears to sell famed Craftsman tool brand to Stanley Black & Decker
After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand.
Co-working company buys downtown’s Circle Tower
Level Office said it plans to devote part of the building to membership-based co-working space with private offices and communal lounge areas, an espresso bar, 500-megabits-per-second fiber internet and local beer on tap.
Neighbors sue to block $23M College Avenue development
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
Greenwood pays $1M for downtown middle school property
The city bought the 19-acre site that officials think will be a big draw for further development in the area.
Popular Chicago-area chain Portillo’s plans Fishers location
The chain, known for its Italian beef sandwiches and Chicago-style hot dogs, has begun recruiting managers for a Fishers location that it says will open this year.
Local Macy’s, Sears stores escape new round of closures
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.