INDOT awards $21.7M contract for I-69 interchange at 106th Street
The Indiana Department of Transportation awarded the contract to Chicago-based Walsh Construction for the new interchange at 106th Street and Interstate 69, INDOT announced Friday.
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Area existing-home sales continue to slide
Sales of existing homes in central Indiana are off to a slow start this year after falling in February, marking the 10th decline in 11 months.
Indiana OKs alcohol sales change for daylight saving time
Indiana residents might lose an hour of sleep this weekend when daylight saving time returns, but they won't lose any time to buy alcohol early Sunday.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
Lawmakers act to curtail ‘dark box’ property valuation method
There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.
Breakfast chains flock to Indy to quench underserved appetite
Breakfast chains a step above the likes of Bob Evans and Cracker Barrel are finding Indianapolis as comforting as a stack of blueberry pancakes.
Celadon eyes Mount Comfort for $20M headquarters
Publicly traded Celadon Group Inc. has had its headquarters at East 33rd Street and Mitthoeffer Road in Indianapolis since 1996. The company is looking elsewhere because that 40-acre site has no room for expansion and is landlocked.
‘Scrappy’ developer Ambrose winning big projects
The eight-year-old firm is set to break ground in the spring on a $45 million medical facility in Mishawaka for the U.S. Department of Veterans Affairs, is partnering with Old Town Development to build a $33 million headquarters for Allied Solutions LLC in Carmel, and soon will build a $20 million office building for Stanley Security in Fishers.
High-profile parcel at College and Mass might not be part of big redevelopment
Indianapolis Public Schools is considering five bids for its 11-acre site. But a sliver of land along Massachusetts and College avenues may go undeveloped, depending on which proposal is chosen.
Blue Horseshoe planning $3.5M expansion in Carmel
The Carmel-based software firm announced plans Thursday to move into a new headquarters and add 70 highly paid employees over the next five years. Citimark is developing the three-story office building along the North Meridian corridor.
Hancock County post office closes over safety concerns
The Charlottesville post office has been closed since Feb. 19 and there's no estimated date for when it will reopen.
Local Ryan’s Buffet closes as part of corporate restructuring
The south-side restaurant on U.S. 31 is among 90 eateries under parent Ovation Brands Inc.’s umbrella that have been closed nationwide.
Member of ABN leadership team dropped from website
Athlete's Business Network, which wants to build a $500 million medical complex at the airport, had listed Scott Gorman as president of its substance-abuse unit. His name was removed after IBJ reported he did not hold a state license in addiction recovery or a college degree.
Study: Renters’ rise extends beyond big cities to suburbs
In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study.
Broad Ripple real estate agent buys historic home on Kessler
The 19th century, country-style estate—once owned by a Vonnegut—has been empty since 2013.
Kite corrals three eateries for center on high-profile Castleton corner
The Indianapolis-based retail developer says in marketing materials that Chipotle, Smashburger and Pie Five are coming to the 10,000-square-foot strip that will replace the Perkins restaurant building.
Experience thin on team pitching plan for airport
The leadership team at Athlete’s Business Network, a startup that wants to develop a massive sports-medical complex near the Indianapolis International Airport, doesn’t have much experience in such projects.
Washington Square is out for bid, but can the mall be rescued?
The 1.1-million-square-foot mall is adrift without a permanent owner or turnaround strategy. Now its lender is attempting to sell it.
Biglari’s Buffett-style shareholder letters colorful, ‘odd’
"In a world filled with hyper-orthodoxy, Biglari Holdings represents an oasis of unconventionality," Sardar Biglari said in his latest letter to shareholders. "We follow our own individualistic ideas and ideals rather than find refuge in the superficial conventions and conformity.”
Could Chase Tower change name for incoming tenant Salesforce?
The state’s tallest skyscraper has been known as Chase Tower since 2004. But the building could be in line for a name change, once Salesforce.com moves in and becomes its biggest tenant.