Cyber Monday gears up to get online shoppers hyped
But with retailers extending their online deals into “Cyber Week” and even “Cyber Month,” some shoppers aren’t quite seeing the jaw-dropping deals they were hoping for online.
Real Estate
Articles
UPDATE: Prominent jeweler’s $4M inventory up for auction
The inventory of Aronstam Fine Jewelers, located at Keystone at the Crossing, will be auctioned to help satisfy creditor debt.
Kroger plans new store on southeast side
A nearly 100,000-square-foot Kroger grocery store is set to anchor a major development in an area on the southeast side that’s been void of much commercial activity.
Car dealers lay claim to State Road 37 corridor
When Terry Lee Hyundai opens in Noblesville next spring, it will become the 10th new-car dealership operating on a six-mile stretch of State Road 37 in Hamilton County—and development isn’t done.
Despite rise in fortunes, holiday shoppers to spend cautiously
Gas prices may be hovering at a four-year low, but Americans are paying more for food, health care and other costs. Unemployment is low, too, but then so is wage growth.
Bank taking ground level of Broad Ripple office project
New Castle-based Ameriana Bank will open its first Indianapolis branch as part of a redevelopment along North College Avenue where two homes were demolished to make way for the project.
Price tag for Walmart e-commerce center to hit $102M
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
Developer restoring vacant downtown office building
A local developer has purchased a vacant 12-story office building east of Monument Circle downtown and is embarking on $7 million renovation to return the property to its former prominence.
Steak n Shake profit falls as franchised restaurants grow
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
Bloomington tavern taking prominent downtown Indy site
The Tap beer bar has agreed to lease 6,870 square feet at the corner of New York and Delaware streets in the Pulliam Square development.
Airport to market 1,200 acres for sale or development
The 1,212 acres slated for disposal are valued at $83 million and could generate annual tax revenue of $1.7 million, according to the airport’s own estimates.
Settlement reached in Steak n Shake franchisee suit
It's not clear whether the settlement Steak n Shake has reached with St. Louis-based Druco Restaurants will give the franchisee more leeway on pricing.
Orange Leaf franchisee seeks $33M in suit
A dispute between one of the nation’s largest frozen yogurt chains and a local franchisee has sparked dueling lawsuits, in one of which the franchisee is seeking $33 million in damages.
Finish Line adds chain of running specialty stores
The Finish Line Inc. has acquired a chain of five stores in the Kansas City, Missouri, area through its subsidiary, the Running Specialty Group.
Roundup: Rocket 88, Shapiro’s, Scotty’s opening next month
The holiday season will bring a host of restaurant openings to the Indianapolis area, including a few new spots from old standbys.
Simon discloses stake in shopping-mall owner Macerich
Indianapolis-based Simon Property Group Inc. said it has accumulated a 3.6-percent stake in shopping mall rival Macerich Co. and wants to buy more shares.
Red Cross downsizes HQ ambitions, leaving extra lot
The new Red Cross building on North Meridian Street will be about half the size of what the not-for-profit originally proposed, leaving space for another development on the property.
Parcel along Central Canal in line for major makeover
The Indianapolis Parks Foundation and Downtown Indy are seeking a firm to mold the land into a “playscape” area at a cost of between $500,000 and $800,000, according to the request for qualifications.
Old school buildings would get new lives under developer’s plans
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.
Sources: Simon eyeing Anson for outlet mall
The Indianapolis-based mall developer is planning to build on 50 acres near Interstate 65 and Whitestown Parkway in Boone County, sources say, and could have a deal finalized early next year.