HHGregg’s top shareholder may be poised to sell chain
Freeman Spogli & Co. has been invested in the Indianapolis retailer for a decade, which is bordering on an eternity by private equity standards.
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Financial services firm plans $33M HQ, 600 jobs in Carmel
Allied Solutions LLC, a Carmel-based firm that serves the financial sector, is planning construction of a five-story building in the Midtown area, more than doubling the size of its existing headquarters.
Plans progress for second Peter George eatery on East 16th Street
Restaurateur George and business partner Thomas Main cleared a major hurdle earlier this month for their second restaurant on the street when the Indianapolis Historic Preservation Commission approved the building’s design.
Two more retailers leaving Circle Centre mall
Johnston & Murphy and Yankee Candle Co. are set to vacate their spaces at the end of the month, joining Gap, Gap Kids and American Greetings as tenants departing the third floor.
Indy-area home sales rebounded in 2015
Sales of existing homes in the nine-county area experienced their most robust performance since before the Great Recession, while prices continued to rise, F.C. Tucker said Wednesday.
Area home builders see fourth straight year of rising sales
Home builders in the nine-county metropolitan area saw a surge in buyers in December, helping 2015 turn out to be a positive year for local home construction.
Restaurateur plans condos behind new eatery on New York Street
Mike Cunningham and business partner Patrick Heitz have received approval to build two upscale condos in one structure at the rear of the Vida restaurant, set to open early next month.
Roundup: Vida opening downtown, Wild Birds store relocating, and more
The latest offering from Cunningham Restaurant Group is set to open Feb. 2 in the former home of Amici’s. Plus, the Lafayette Square area welcomes an international grocery, and Sky Zone is opening a third location.
Phoenix Theatre moving from longtime home by Mass Ave
The purveyor of contemporary plays and musicals plans to leave the popular cultural district, where patrons now struggle to find street parking, for three properties on North Illinois Street.
Film about Pyramids, Cummins architect in the works
London-based film company Wavelength Pictures is producing a feature-length documentary about renowned architect Kevin Roche, who designed The Pyramids office complex in Indianapolis and numerous buildings in Columbus.
Bill targets homeowners in revitalized neighborhoods
An Indianapolis woman is advocating for state legislation that would provide property-tax relief for longtime homeowners in designated distressed areas.
More firms give employees chance to drink on the job
Observers say the trend is a reflection of the increasing blurring of the lines between work and social lives.
Developer poised to submit design plans for Pulliam Square
TWG is finalizing the design for its long-anticipated second phase and expects to submit plans to the city next month. The move comes as occupancy increases at its first phase of the mixed-used project, which will total nearly 480 apartments.
UPDATE: Finish Line to close 150 stores, change CEO
The Finish Line Inc. said it will close 150 stores over the next four years and replace its CEO early next year after losing $32 million in sales in its latest quarter due to supply-chain problems.
Indianapolis area avoids Macy’s store-closing list
Macy's is slashing up to 4,800 jobs and closing 40 stores, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores.
Appeals court hears injured worker’s bid for lost earnings
An attorney for a Mexican man who's seeking lost future earnings for a workplace back injury told the Indiana Court of Appeals on Wednesday that his client should be allowed to pursue those wages at U.S. pay rates instead of rates in his home country.
Tom Wood Lexus hitches wagon to expansion trend
The project would add a second floor to the building on East 96th Street, increase the size of the service department and create a mezzanine for a “state-of-the-art” car wash.
New brewery slated for downtown industrial complex
Centerpoint Brewing has started work on its 17,500-square-foot space in the Circle City Industrial Complex on 10th Street, with plans to open a tasting room and make 3,000 barrels annually.
Historic property on city’s southeast side on the market
The owner of a multi-building campus spread over 15 acres on the southeast side is accepting offers on the site that once served as an asylum and more recently housed low-income elderly residents.
IBJ’s most-read stories of 2015
Despite national attention paid to RFRA and Jared Fogle, most of IBJ’s top-read online stories this year were the result of deeply sourced reporting on people, issues and businesses specific to central Indiana.