Thorn in side of Noble Roman’s dumps stock for big loss
An Atlanta-based activist investor that had blasted Noble Roman’s Inc.’s management and called for the company’s sale has reversed course.
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After report of Kite deal, CEO of Glimcher resigns
Retail real estate firm WP Glimcher denied last week that it was in talks to merge with Indianapolis-bases Kite Realty Group Trust. Now its CEO is gone, and directors are reevaluating its portfolio.
Homes selling at strongest pace nationally since 2007
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales surge in central Indiana
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
City taking bids for more Union Station repair work
The Department of Metropolitan Development is soliciting bids for masonry, roofing, skylight and steel work at the 130-year-old downtown landmark.
Plan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.
Zionsville decides not to appeal decision in Wal-Mart case
On Monday night, the Zionsville Plan Commission unanimously agreed not to pursue further legal action in the case that involves Wal-Mart’s initial store proposal from 2006.
Ten years after housing’s peak, U.S. more of a renter nation
Renters accounted for all of the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
Scotty’s fires management over ‘best butt’ award
Owner Scott Wise said he’s ordered additional sexual harassment training companywide—beyond the training managers already undergo.
Scotty’s fires management over ‘best butt’ award
Owner Scott Wise said he’s ordered additional sexual harassment training companywide—beyond the training managers already undergo.
Suit seeks class-action status against Simon for overtime practices
Two former guest-services managers at shopping malls in Illinois and Oklahoma have sued Indianapolis-based Simon Property Group, claiming the retail property giant violated the Fair Labor Standards Act.
Hot streak for Indy-area home builders extends into May
The last time area home builders filed more permits for May was in 2007, when they turned in 779.
IndyGo volunteers spread word about transit changes
Teams of IndyGo volunteers, called “transit ambassadors,” are on foot at bus stops around the city, spreading the word about big changes that will affect all 31 of the system’s routes.
Zionsville loses 10-year-long Wal-Mart showdown
A decade-long struggle by Zionsville to keep a big-box retailer outside the town’s boundaries might be coming to an end, with the Boone County town on the losing end of the battle.
School to spend millions to rehab nautically themed armory
One of Indianapolis’ most unique historic structures, a naval armory vacant since early last year, soon will be bustling again—this time with high school students.
Shopping malls laden with debt face day of reckoning
Experts estimate that several hundred shopping malls could shut down over the next decade after owners relinquish them to lenders rather than make steep loan payments.
Proposed $20M Carmel development includes steakhouse, town homes
Chuck Lazzara, who owns the Ritz Charles with his wife, has revealed plans for Monon and Main, a mixed-use project on the southwest corner of Main Street and the Monon Trail.
Longtime nightclub known for drag shows closing
Talbott Street Nightclub, which opened in 2002 on the city’s near-north side, announced it will quit serving patrons June 25.
Indiana gains ground in Fortune 500 amid shuffle among elite
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
North suburbs fermenting strategies for new liquor licenses
Noblesville is seeing unexpected demand for three-way liquor licenses in its Riverfront Redevelopment District. Other north-side communities are determining how to distribute additional liquor licenses approved by the state.