HHGregg to close for Thanksgiving
"It's time to stop the madness," said CEO Robert Riesbeck, who noted that the appliance chain wasn't seeing a huge spike in business on the holiday anyway.
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Ivy Tech plans to sell classroom site in Madison County
Ivy Tech's state board has approved a resolution to sell what is known as the Anderson North Campus near Alexandria.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
UPDATE: Salesforce plotting real estate changes
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
Wal-Mart plans to slow new store openings, invest in online
Wal-Mart closed on its more than $3 billion buyout of the online retailer Jet.com last month, showing how heavily it’s willing to invest as it tries to boost online sales that totaled $13.7 billion last year.
Student-housing developer buys two historic buildings on Mass Ave
Annex Student Living will relocate from Broad Ripple to the building housing Mass Ave Toys. Its principals also have purchased one of downtown’s most distinctive architectural landmarks.
Phoenix Theatre raises $5.1M toward new complex
Officials said Wednesday they are launching a capital campaign to raise the final 40 percent of their fundraising goal. They also unveiled designs for the project by Indianapolis-based Ratio Architects.
Tex-Mex chain Don Pablo’s files bankruptcy, closes 4 area locations
The 31-year-old national chain, which began opening locations in the Indianapolis area in the early 1990s, filed for Chapter 11 protection on Tuesday and has closed all of its area restaurants.
High-rise hotel pitched for surface lot across from fieldhouse
A New Orleans company wants to build a 15-story hotel and a seven-level parking garage on downtown property where two previous attempts from other developers have failed.
Paradise Bakery closing last Indianapolis-area location
Paradise Bakery & Cafe, which once operated a half-dozen restaurants in the Indianapolis area, will quit selling cookies in Indiana on Tuesday.
Roundup: Hibachi bar opens in Broad Ripple; Primanti launching at Circle Centre
Three restaurant openings in Broad Ripple and several retail and restaurant openings and closings in Indianapolis and Hamilton County highlight the latest roundup.
Brownsburg attracts $4.8M office project as part of bigger plans for downtown
The suites-style facility slated for Arbuckle Park is part of the town’s effort to create an identity for downtown through new spaces for living, working and playing.
Retailer Cabela’s agrees to $5.5 billion buyout by Bass Pro
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
Indianapolis man sues Chipotle, others over sign collapse
The plaintiff says he suffered a concussion at a north-side Chipotle restaurant in April when a brick sign crumbled in high winds and totaled his car.
Downtown breakfast-and-lunch spot City Cafe closes
City Cafe, which began operating on North Pennsylvania Street about 15 years ago, has closed due to an owner’s ongoing health problem.
Downtown intersection transforming into residential hub
A Bloomington developer is proposing to build a small apartment project at the southeast corner of Market and East streets, adding to the rapid pace of residential growth in the area.
Sears, Claire’s at high risk of retail failures, Fitch says
Sears Holdings Corp. and Claire’s Stores Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study.
Construction companies chosen for Ikea’s Fishers store
Swedish retail giant Ikea has hired a slew of contractors to build its Fishers store and is on schedule for a fall 2017 opening, it announced Wednesday.
Shapiro’s plans brand expansion into Cincinnati market
The restaurant in Blue Ash, northeast of Cincinnati, is expected to open next spring.
VA to unveil design of controversial cemetery project
The U.S. Department of Veterans Affairs plans to reveal renderings on Thursday for a national cemetery on the city’s north side that has spurred opposition from environmental groups.