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.
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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.
Cord Camera to close remaining Indianapolis store
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.
Century-old Mass Ave landmark changes hands
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
Target says customers’ encrypted PINs were stolen
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
Steak n Shake cooks up expansion plan for Saudi Arabia
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
Bloomington defends tough smoke-detector ordinance
Property owners sued in July to block the law, which requires landlords to install hard-wired smoke detectors by 2019.
Whole Foods-anchored project causes stir in Broad Ripple
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
Indy scores pro soccer team
Real estate executive Ersal Ozdemir secured a deal to play the first couple of seasons at the track and soccer stadium at IUPUI, but said he hoped to build an 8,000- to 10,000-seat soccer stadium downtown within four years.
City finally lands development for Market Square
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper in what would be the tallest new downtown development since the 34-story JW Marriott hotel opened in 2011.
Panel’s use of TIF funds spurs new flap in Carmel
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
HHGregg’s CFO to depart in January
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
New roof first step to restoring Rivoli Theatre
The theater on the city’s near-east side was built in 1927 but has been vacant since 1992. The building’s supporters hope the new roof is the first step in revitalizing what was once the neighborhood’s crown jewel.
Holiday sales at stores down for third consecutive week
Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.
U.S. credit card info is easy pickings for hackers
Incidences like the recent data theft affecting 40 million Target customers could become more common as retailers, banks and credit card companies argue over who should pay for security upgrades.
Finish Line sees strong quarterly profit on big revenue rise
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
Fury and frustration over Target data breach
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.
Rebranding of bird-food retail chain ups emphasis on core product
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.