Justice center deal tests transparency laws
Three teams competing to partner with Indianapolis on a half-billion-dollar criminal justice complex shaped the city’s yet-to-be released specifications in closed-door meetings.
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Library plans $59M in new branches, upgrades
Indianapolis Public Library officials are seeking approval from the city to borrow funds to renovate, relocate and build entirely new branches across the city. Despite growing emphasis on digital media, library visits are increasing, they say.
Zeller buys downtown’s Market Tower out of foreclosure
The Chicago-based real estate firm bought the 30-story tower in a sheriff’s sale after the owner defaulted on loans totaling $60 million.
Milhaus wins skinny stretch of Market Street corridor for apartments
The developer plans to build 52 units on East Market in a unique deal with the city. The project will be much different from Milhaus’ other multi-family projects to the south.
Cutillo ramrods entrepreneurship at Stonegate
Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.
U.S. retail sales decline on falling auto, gas, clothing sales
Wage gains have been sluggish since the recession ended in 2009, and that's led many people to be more cautious about spending money.
Purdue expert: Holiday spending to climb 4 percent
While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers.
Area home sales snap year-old losing streak
Central Indiana ended a one-year slump in home sales in September, recording its first monthly increase in home-sale agreements since August 2013.
Area homebuilding permits up slightly in September
Permit filings for home construction in central Indiana increased 1 percent in September, marking a small jump following two months of declining activity in the local homebuilding market.
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Contractor investing $1.6M to create local HQ near downtown
Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year.
Merchandise seized from Indianapolis flea market
Cpl. Brandon Thomas said excise officers had a search warrant for the Liberty Bell Carpet & Flea Market on the city's east side when they seized the items Sunday.
General Hotels buys Columbus Courtyard Marriott
The acquisition by the Indianapolis-based hotelier brings its portfolio of central Indiana properties to 13.
Breweries test limits of craft beer boom
In the last two years, the number of microbreweries operating in Indiana has roughly doubled, to 96. But can the industry sustain such blistering growth, especially in Indianapolis, where much of the activity is occurring, without foaming over?
Irvington shuffle: bakery moving, restaurant opening
Roll With It Bakery is moving to the Coal Factory redevelopment, allowing the Chef Dan’s food truck folks to bring their mobile menu of “southern comfort” food to a permanent location.
Firefighters union wins OK for College Avenue parking lot
Indianapolis Historic Preservation Commission members gave the union the go-ahead to build the lot, paving the way for a $43 million apartment and retail development on Mass Ave.
Indianapolis apartment boom, design bust?
Observers question architectural creativity, quality of materials in some new downtown apartments.
Prudential Indiana becomes part of Buffett empire
The residential real estate agency, the third largest in the city based on home sales, is now part of Berkshire Hathaway HomeServices.
Forecasters expect 4.1-percent rise in holiday spending
Americans are expected to spend at the highest rate in three years during the upcoming holiday shopping season, according to the nation's largest retail industry trade group.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.