Fast-growing logistics firm buys downtown Cannon IV building
FitzMark Inc. is spending about $4 million to buy and renovate the property in the Cottage Home neighborhood, as Cannon IV prepares to leave for the suburbs.
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Cheaper beef makes return just in time for grilling season
Americans celebrating Memorial Day this weekend have a pleasant surprise coming their way: the cheapest retail prices for ground beef in two years.
HHGregg chief executive hoping to shed interim tag
Robert Riesbeck, the company’s chief financial officer, has served as the struggling retailer’s CEO on a temporary basis since February but wants the title to become permanent.
Frozen food recall covers many stores, several years
It's one of the largest food recalls in recent memory, with well over 400 products sold under more than 40 different brand names at major retailers including Costco, Target, Trader Joe’s and Safeway.
Huge 500 Festival mural pays homage to 100th race
The artwork that went up on the north side of the downtown 500 Festival building also celebrates other notable May festivities and will remain long after this month is over.
Local firm modernizes centuries-old yurt structures
Yurts have been a form of shelter for more than 2,000 years. But Indianapolis-based Yurts of America today builds them with materials that didn’t even exist back then.
Jonathan Byrd’s diversifies, moves north
Jonathan Byrd’s has for years been quietly expanding beyond its successful restaurant and catering company in Greenwood. Now, it is shifting most of its attention to Hamilton County.
Cinemas try bars, recliners, dinner to lure customers
Movie theater operators are dangling a range of new amenities—from comfy recliners to full food menus and bar service—to lure prospective customers off their couches and into the multiplex.
Prominent local architect Woollen dies at 88
From the mid-1950s to the 2000s, Evans Woollen III and his architectural firm designed dozens of notable local residential, public and commercial buildings, including Clowes Memorial Hall, the Minton Capehart Federal Building and Barton Tower.
In dark quarter for retailers, Wal-Mart manages to shine
Surprisingly strong sales at Wal-Mart Stores Inc. and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks.
Changes in retail expand gulf between haves, have-nots
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
With spotlight looming, REITs stressing investor education
Real estate investment trusts like Indianapolis-based Simon Property Group are preparing for a surge of attention as they get their own grouping in major U.S. stock indexes. Their first task: educating investors who have no idea how to evaluate the industry.
City to have say on $15M apartment, retail project by Athenaeum
Construction could begin as early as the fall, pending approval from historic preservation officials. The project would fill a long-vacant space along the Mass Ave corridor with housing, retail and a parking garage.
Speak Easy to make downtown’s Morrison Opera Place its second home
The not-for-profit co-working organization based near 52nd Street and College Avenue said it plans to open a location in the historic downtown building as soon as August.
Target leads other retail stocks downward on weak sales
Target Corp., which has 30 stores in Indiana, suffered its biggest intraday stock decline since 2008 Wednesday after it reported slowing sales.
Kite seeking zoning change for $15M-plus Carmel project
Kite Realty Group Trust is planning to turn the retail center on the southwest corner of 116th Street and Rangeline Road in Carmel “inside out.”
Retail REITs feeling shopping mall pain, except for Simon
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
City of Indianapolis plans $126M in construction this summer
City official announced the construction schedule Monday. It includes 60 projects, most of which are street repaving.
Home Depot manages to rise above retail fray
Home Depot, which has eight stores in the Indianapolis area, bucked the trend of many national retailers when it provided its financial outlook Tuesday morning.
Meridian-Kessler church building revived as arts haven
The Indianapolis Opera and other arts organizations have found a home in the former Holy Trinity Greek Orthodox Church building on North Pennsylvania Street.