Lids parent plans ‘major’ jobs announcement
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc. in Indianapolis.
Real Estate
Articles
Napolese nibbles on national expansion
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Pupils learn to talk fast, sell well in auctioneering school
Melissa Davis is a third-generation auctioneer and president of Reppert School of Auctioneering. She helps lead quarterly courses running 10 days straight.
North-side office buildings sell for $25 million
Cincinnati-based Neyer Properties has made its first foray into the Indianapolis market by purchasing two buildings near Keystone at the Crossing. A $2 million renovation is in the works.
Marsh to shut down 8 stores by end of month
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
Mass Ave roundup: Union 50, Nine Irish Brothers
The two restaurants are among four new offerings that have either recently opened or will be coming to the Mass Ave area this spring.
Public sale to rid Wishard property of remaining items
Wishard Hospital’s 17 buildings need to be cleaned before Indiana University can acquire the land as part of a swap with the city that cleared the way for the new Eskenazi Health.
Local attorney, developer Page files bankruptcy
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
Greenwood firm buys building near Lucas Oil Stadium
The Alderson Commercial Group of Greenwood bought the building at 425 W. South St. late last year and plans to move into it in April. It last housed the Super Bowl Host Committee.
Simon malls, Kroger store among weather closings
Here’s a rundown of some of the restaurant and store closings due to heavy snow and frigid temperatures.
HHGregg reports disappointing holiday sales
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Chicago-based breakfast restaurant coming to CityWay
Yolk has signed a lease to occupy 4,410 square feet in the downtown mixed-use development at Delaware and South streets, and is expected to open in the summer.
Car guy falls in love with Tesla after visiting new local dealership—and taking a drive
The new electric-powered Tesla Model S corners a lot like a Lamborghini and has more than twice the range of a Nissan Leaf.
Developer plans $80M project in Carmel
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
Can Simon’s mall spinoff become a growth company?
There’s not a lot of sizzle among the 54 strip shopping centers and 44 enclosed malls that Simon Property Group Inc. plans to spin off into a new public company early next year.
New owner IU set to unveil plans for shuttered Wishard Hospital campus
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
U.S. construction spending up 1 percent in November
The Commerce Department said construction spending increased 1 percent in November to a seasonally adjusted annual rate of $934.4 billion. That's the fastest rate since March 2009.
New craft brewery slated for Capitol Avenue downtown
Owners of the upstart TwoDeep Brewing Co. have signed a long-term lease to occupy the 7,000-square-foot ground level at 714 N. Capitol Ave. They hope to have the brewery and tap room operating by mid-May.