Milhaus ramps up expansion with high-profile hire
The local apartment developer has brought aboard Jason Sturman from Duke Realty Corp. to serve as chief investment officer and help guide its Midwest expansion.
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Roundup: Downtown dessert cafe, lots of new pizzerias
Frona Mae Dessert Cafe is coming to East Washington Street in space formerly occupied by an upscale bar, and several pizza joints are in various stages of opening in the metro area.
Americans waiting longer than ever to buy first homes
The share of the U.S. population who own homes has slid to a 48-year low. The typical first-timer now rents for six years before buying a home, up from 2.6 years in the early 1970s.
Area home deals slip again as prices head upward
Home-sale agreements in central Indiana fell 4.5 percent in July, marking the fourth time in five months that deals have decreased on a year-over-year basis.
Toyota dealership’s relocation halted by appeals court
Whether three competing Indianapolis-area Toyota dealers may block the relocation of another Toyota franchise from Anderson to Noblesville divided a panel of the Indiana Court of Appeals on Thursday.
Aging churches need expensive repairs that many can’t afford
The fates of several religious structures in older parts of Indianapolis, often considered architectural gems, are uncertain because dwindling congregations lack the wherewithal to keep up with escalating costs.
Personal guarantees haunt Centre Properties founders
A Cincinnati bank that won a $2.1 million judgment on personal guarantees from Centre Properties founders Craig Johnson and James Singleton took the extreme action recently of having bank accounts frozen after the pair did not pay up.
Retail sales make July jump, aided by autos, restaurants
Retail sales climbed 0.6 percent last month after a flat reading in June, the Commerce Department said Thursday.
Brewery proposed for $4.8M project in downtown Fishers
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Downtown hardware store in bankruptcy feud
North Meridian Hardware seeks to reorganize to stave off lender’s attempt to liquidate the store’s inventory to help satisfy a debt. But the store owner said he’s confident the dispute will be settled.
Cold beer getting warm as court weighs state’s alcohol laws
Judges heard arguments in January in a lawsuit challenging the state’s prohibition against convenience stores selling cold beer. Waiting seven months for a decision is not unusual.
Noble Roman’s making strides on take-and-bake biz
The Indianapolis-based company in the past two months has increased its supermarket presence and hired an executive to oversee grocery operations, while securing more financing to help achieve the growth.
Central Indiana homebuilding permits take July plunge
Wet weather and a shortage of lots contributed to a 17-percent decrease in permit filings in the nine-county metropolitan area in July.
Family entertainment venue planned for Westfield
After scouting locations in Noblesville and Westfield, two Westfield-based companies selected a site just to the south of State Road 32 for a family entertainment complex and multi-family housing project.
Casino operator proposes $650M development on airport site
The complex, called American Place, would contain Indiana's smallest casino, 1.2 million square feet of retail space, 200 condominiums, 25 high-end hotel suites, a conference and performance center, offices, a movie theater with moving seats and a health club.
Popcorn retailer launches building expansion in Broad Ripple
Just Pop In, which has been a fixture on Guilford Avenue since 2003, will consolidate the store with kitchen and packaging operations a few blocks north as part of a major construction project.
Marsh renews Symphony on Prairie sponsorship through 2018
The Indianapolis Symphony Orchestra’s outdoor concert series posted total attendance of more than 100,000 in 2014. Marsh Supermarkets has sponsored the series since its inception in 1982.
Indiana farmland values fall after long rally
The Purdue Land Value and Cash Rent Survey shows prices for the state’s top-quality farmland declined by 5.1 percent from 2014 to this year
Preservation groups seeking ideas for vacant Beth-El Temple
Indiana Landmarks and Temple Heritage Center are inviting the public to tour the building on the city’s near-north side and offer suggestions on how it should be repurposed.
Kroger rolls out online shopping service at Carmel store
Kroger is among several grocery stores that are testing or using online ordering systems in various markets.