Simon taps Pace bonds to fund energy projects
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
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Developer to move HQ to Carmel, create 25 jobs
Fast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
Ice to take over operations at Pan Am skating facility
The Indiana Ice have come to an agreement with owner Kite Realty Group to use the Pan Am Plaza skating facility as a training center and venue for games after renovations this summer. It also will be open to the public for other ice-related activities.
Ice likely to play more games at revamped Pan Am facilities
Building owner Kite Realty Group Trust has agreed to renovate the aging facility’s ice rinks to enable the hockey team to play more games there next season.
Greenwood pet store stocked with exotic critters
From tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond a dog or cat.
Noblesville OKs $40 million upscale apartment project
The vast multifamily project in the city’s massive Corporate Campus would effectively close out such development there. City officials hope it will attract more businesses.
Simon sticks with key terms of CEO’s pay despite shareholder ire
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
Mobile boutique takes pop-up retail on the road
Heather Hogan Pirowski, owner of Retro 101, is among a growing number of retailers who have chosen the nomadic lifestyle . Looking for an alternative to the fixed overhead of a permanent location, they set up shop at a site for a few days or weeks, then pack up and move on.
City to buy key parcel for 16th Street tech corridor
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
Selling 14 West building proving to be quite difficult
With an asking price in the neighborhood of $4 million and no serious offers, the listing agent attempted to generate additional interest through a “call for offers.”
Skating academy to close ice rinks at Pan Am Plaza
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
Monument Circle face-lift set to move forward
The city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving project with other improvements.
Charlie & Barney’s ends 36-year restaurant run
Indianapolis chain Charlie & Barney’s, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
Browning plans apartments for Broad Ripple property
The local developer said it plans 60 to 70 apartments on the northeast corner of College Avenue and the Central Canal as part of a mixed-use development.
Lilly to spend $180M doubling size of Indy plant
The new investment will bring the plant’s total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
Pedcor moving ahead with $13M Central State apartments
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
Appeals court upholds Marsh’s $18.2M award from Roche
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
Whitsett bids to redevelop Star headquarters
One of the city’s most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
Senators stalling Indiana online sales-tax proposal
Some key state senators are sidelining a bill that would make Amazon.com and other online-only retailers start collecting Indiana's 7-percent sales tax this summer.
Bill would expand state’s historic preservation tax credit
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.