Duke Realty meets analyst predictions with quarterly results
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
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Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Retailer Target leaving IndyCar after 27 seasons as sponsor
Target Corp. will leave IndyCar at the end of this season after 27 years with Chip Ganassi Racing that included 11 championships and four Indianapolis 500 victories.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
City seeks input on new use for Butler-Tarkington fire station
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Movie theater, bowling combo proposed for Carmel
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
Five Seasons owner seeks to rezone Carmel site for possible development
The company wants to rezone the 15.4-acre site from residential to commercial to prepare it for possible redevelopment as an office park.
Louisville fried chicken chain plans Indianapolis location
Joella’s Hot Chicken, a Louisville-based restaurant chain with four locations in Kentucky, is planning to open an Indianapolis eatery and bar in mid-September, it announced Monday.
HHGregg prevails in appeal over managers’ bonuses
HHGregg Inc. senior managers are not entitled to share in $40 million in life insurance proceeds from the 2012 death of executive chairman of the board Jerry Throgmartin, the Indiana Court of Appeals ruled Friday.
Back-to-school retail spending predicted to rise 11 percent
Families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation.
HHGregg nixing Indy distribution operations, cutting 40 workers
The struggling, Indy-based retailer says the move is part of a larger strategy that could save as much as $25 million over two years.
Roundup: Patachou readies for Carmel move; Penn & Palate closing downtown
The Cafe Patachou at 126th and Gray Road will move this fall to a new locale in Carmel. In downtown Indianapolis, sushi joint Asian Harbor is opening while Penn & Palate says goodbye.
Marsh closes east-side store with another in New Castle to follow
The local supermarket chain chose to shut the doors to its East Washington Street and German Church Road store instead of renewing its lease.
Drug company plans $55M Whitestown distribution center
AmerisourceBergen Drug Corp. plans to have 120 full-time employees at the facility by the end of next year.
Roughly $4.5M in projects near Greenwood’s airport ready for takeoff
The two projects involve construction of an office-warehouse building and renovation of a strip center housing Oaken Barrel Brewing Co.
Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Zionsville approves Wal-Mart’s store plans from 2006
The decision came in response to a recent court ruling ordering the town to accept the giant retailer’s plans for a store on a 22-acre property on Michigan Road north of 106th Street.