Report: Thanksgiving, Black Friday sales up 9 percent
According to First Data, almost 25 percent of the holiday dollars spent over the two-day period came from e-commerce, up from 18 percent last year and nearly 16 percent in 2014.
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With deals offered early, Cyber Monday may lose online sales title
The Monday after Thanksgiving is traditionally the busiest online shopping day, but stores are releasing internet deals earlier, stretching them through the week, as well as making them available in stores.
Thanksgiving weekend shoppers spend less in stores, more online
Weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they’ve come to demand.
Noblesville pushes to diversify housing
A housing analysis the city recently commissioned identified a gap between single-family homes and multifamily apartments–few townhomes, condos, cottages and duplexes in dense, walkable areas.
Department stores change tactics as more sales go online
The beleaguered department-store industry, facing declining mall traffic and mounting online competition, will need more than Santa Claus to get customers in the door this year.
Prime downtown lot poised for five-story apartment project
Two local developers have slated the 124-unit project for the same block as one of downtown’s most iconic office towers.
Trust offers to buy Crown Hill land where VA plans national cemetery
Objecting to the removal of old-growth trees, local environmentalists have blasted plans from the U.S. Department of Veterans Affairs to build a national cemetery on the 15 acres.
Central Indiana existing-home sales on the rise
Existing-home sales in central Indiana rose 3.6 percent in October amid rising prices and a continuing decline in housing inventory.
Area office market set to end year on high note
Occupancy rates and asking rents are among the key indicators that continue to improve.
Old Greenwood city hall acquired, lands tenant
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
Judge halts Brownsburg annexation, rules town did not prove need
A Marion County Court has stopped an annexation by the town of Brownsburg after finding the municipality did not show that the land it wants to annex was needed for future development.
Indiana contractor accused of defrauding Iowa woman
Investigators say Shawn Bolduc Jr., doing business as American Construction of Indianapolis, pressured the elderly woman into giving him several checks totaling about $50,000 for home repair work that should have cost only a fraction of that.
Study says swaths of city in decline
A new study commissioned by the not-for-profit land bank Renew Indianapolis shows that just a tiny fraction of the city’s population is benefiting from renewed investment.
Amazon taps merchants for warehouse space to expand inventory
Amazon.com Inc. has a massive network of distribution centers across the country that includes several fulfillment centers in Indiana. But even those aren’t enough to keep up with demand for fast shipping.
City exploring unusual financing option for $18M Fountain Square project
The 94-unit apartment development, which would be built at the southwest corner of Prospect and Spruce streets, would help extend Fountain Square’s core to the east.
Local builders still seeing rising demand for new homes
Area home builders saw surging demand for new homes for the 11th month in a row in October, the Builders Association of Greater Indianapolis reported Wednesday.
Harley-Davidson moving from Carmel to Fishers, nearly doubling store size
Harley-Davidson plans to construct and open a 43,000-square-foot store in Fishers near State Road 37 and 126th Street in the Reynolds Industrial Park and close its existing north-side location.
Florida cigar bar commits to high-profile Circle Centre corner
Burn By Rocky Patel has agreed to take 5,500 square feet at the corner of Meridian and Maryland streets as mall operator Simon Property Group continues to fill spaces left by the departure of Nordstrom.
Noble Roman’s dumps take-and-bake restaurant strategy for new concept
The company said it took a $1.4 million loss in the third quarter from discontinuing operations in its standalone take-and-bake restaurant operations. It plans to focus on a new restaurant concept that will debut in January.
Broad Ripple bonanza: Four new shops slated for same block on main drag
The 900 block of Broad Ripple Avenue is about to get a makeover with a slew of new retail and restaurant tenants, including a pizzeria, sandwich shop and women’s boutique.