Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
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Opposition mounts to VA’s plan for Crown Hill columbarium
The U.S. Department of Veterans Affairs wants to build the structure on nearly 15 wooded acres owned by the cemetery, but a group led by the Indiana Forest Alliance is hoping to stop the project.
Kroger expects to earn less this year on falling prices
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Greenwood works to get neighborhood on national register
The documentation of about 300 homes and churches north of Main Street is a vital part of the effort and will be used to make a case for the historical significance of Old Town.
Westfield couple rehabs downtown house by house
Bob and Michelle Beauchamp have invested millions of dollars buying and renovating homes on Park Street into restaurants.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
Alabama firm seeks to build student housing complex on downtown IU site
Capstone Collegiate Communities LLC wants to demolish a building at the north end of the Central Canal to make room for a four-building student-housing complex with 285 units and 800 beds.
Indiana Finance Authority takes action against I-69 developer
The Indiana Finance Authority has taken action against the private developer of a 21-mile section of the Interstate 69 extension for failing to pay for work done on the project.
Cabinet designer razes Westfield Boulevard building for new studio
A local custom cabinetry designer bought the building on Westfield Boulevard near East 75th Street last year and finished tearing it down late last month.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
EPA to brief Indianapolis residents on lead cleanup project
A federal agency that's preparing to clean up lead-tainted soil around dozens of Indianapolis homes will brief residents on the project next week.
Chain restaurants feeling sales squeeze
Diners are choosing among more options—and often favoring independent restaurants to chains.
Stock swoons at Lids’ parent after company cuts outlook
Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.
Downtown roundup: New eatery taking R bistro spot; Rebar, Salt and Jack’s open
Rooster’s Kitchen, featuring bacon-laden comfort food, hopes to open in October in the perch where a longtime Mass Ave favorite once operated.
Gun store argues no liability for straw sale linked to officer’s shooting
Lawyers for an Indianapolis gun store sued for making an illegal straw sale of a firearm that was used to shoot an Indianapolis police officer argued Wednesday that Indiana gun sellers are shielded from civil lawsuits even when they break the law.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
IPL targets 25 city locations for new streetlights
Indianapolis plans to install another 25 streetlights by the end of the year, continuing Mayor Joe Hogsett’s push to light up neighborhoods with higher accident and crime rates.
Humble medical office buildings selling for kingly sums
The latest local example of the sizzling market is the three-story Community Health Pavilion, which sold last week for $286 a square foot—far more than the per-square-foot price in two recent office complex transactions.
U.S. home prices rise in June but at tentative pace
Nationwide prices are increasing more quickly than incomes as buyers compete for the dwindling supply of available homes. The ongoing imbalance in the housing market could stifle sales in coming months.
Butler debuts $43M dorm, prepares to demolish another
The work is all part of a long-term university plan that includes more than $130 million in new construction.