U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
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Muncie seeking developer for $48M riverfront project
The city of Muncie has released details of what it wants developers to build as part of a $48 million plan to develop its riverfront.
Fresh Market shares jump after report Kroger could buy chain
The possible acquisition is not a complete surprise. Fresh Market has been trying to get someone to save it for months now, and Kroger has been on an aggressive acquisition spree.
Developer plans $25M hotel, conference center in Plainfield
A local hotel developer plans to build the 175-room Embassy Suites near the town’s Interstate 70 interchange and Indianapolis International Airport.
Steak n Shake ups ante in cheap-food strategy
The burger chain in November announced that it recorded a 3 percent increase in same-store sales in the third quarter. It was the 27th quarter in a row in which same-store sales rose compared with the same period a year earlier—a stunning run of success in the topsy-turvy world of restaurants.
New-home buyers start off 2016 just like last year
Builders in the nine-county area filed the same number of single-family construction permits last month as they did in January 2015.
Mixed-use project designed to boost Brownsburg moves forward
Town officials hope the project, which will feature 220 apartment units and could cost $60 million, will transform its downtown into a hub of residential and retail activity.
Preservationist group lauds developer’s decision to save building
The firm that’s building 30 apartments near the Madame Walker Theatre is integrating the Willis Mortuary building into the project after initially planning to demolish it.
Kite Realty results meet, beat expectations
Kite Realty Group Trust on Thursday reported quarterly results that matched or exceeded the predictions of Wall Street analysts.
Gun shop owner, pitchman Don Davis dies at 82
Don Davis, one of the nation's most prolific gun dealers and a late-night TV commercial icon in Indianapolis, died Thursday
Apartment boom starts losing steam
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Increasingly digital retail landscape fuels investor angst
Retailers are updating software, revamping supply chains to provide seamless service to consumers, whether they’re shopping from a desktop, a mobile device, a telephone or visiting a store.
Young & Laramore fetches national retail ad account
Pet Supplies Plus has hired Indianapolis-based ad agency Young & Laramore to help it take a bite out of competitors Petco and PetSmart.
Whitestown trying to revitalize historic center of town
For years, buildings in what’s known as the town’s “Legacy Core” sat vacant, but that’s slowly starting to change with offices, restaurants and retail shops renovating structures and opening doors for business.
Broad Ripple bar unveils $1M expansion, renovation
Brothers Bar & Grill has upgraded its prime location along the strip by undertaking major improvements that owners hope will make the nightspot more family-friendly.
Longtime Lids Sports Group President Kocher steps down
Zionsville-based hat retailer Lids Sports Group is seeking a new leader after the resignation of Kenneth Kocher, who ran the company for more than a decade.
North-side office complex fetches $21.9 million
A Minneapolis-based firm bought two River Road buildings from Duke Realty Corp. as part of its continued push into the Indianapolis market.
HomeAdvisor locks up downtown location
The Colorado-based Angie’s List rival, which previously announced Indianapolis expansion plans, has secured 7,000 square feet on Virginia Avenue near Bankers Life Fieldhouse.
Mapleton-Fall Creek to pilot veterans housing initiative
The neighborhood north of downtown is partnering with the Department of Veterans Affairs to help build four homes for military families.
Former Indy developer going back to prison for a year
Sydney "Jack" Williams, whose fortunes turned after he got mixed up in a $930 million Ponzi scheme, received the sentence Monday after pleading guilty to scheming with his wife to hide bank withdrawals before his 2010 bankruptcy.