2012 NEWSMAKER: CEO keeps Simon stock surging
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
Real Estate
Articles
Kite continues Southeast push with $37.3M in acquisitions
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
The Fashion Mall upgrade: Kate Spade, Lucy, Microsoft
More top-shelf, first-in-Indiana retail shops have inked deals to join the lineup at The Fashion Mall at Keystone. And more.
Holiday retail sales growth weakest since 2008
Shoppers were buffeted this year by a string of events that made them less likely to spend. The numbers also show how Washington’s current budget impasse is trickling down to Main Street and unsettling consumers.
Two Scotty’s to reopen as Detour American Grilles
The owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current operator, Indianapolis-based A Pots & Pans Production.
Gerdt Furniture to close doors after 53-year run
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.
Stores brace for snow during final shopping days
With sales during the holiday shopping season disappointing so far, the nation’s retailers are depending even more on these final days leading up to Christmas for a boost in business. Retailers are hoping the storm won’t change shoppers’ plans.
Finish Line pulls plug on new website
The Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints forced it to revert to the legacy version Dec. 6.
25-acre retail project aims to hook grocery
Developers are moving forward on plans for a 25-acre, grocery-anchored redevelopment in the Highland-Kessler neighborhood after winning city zoning approval this month.
Landmark Anderson drugstore closes after 80 years
Howard Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
Kroger redevelopment plans for 16th Street on hold again
A long-simmering plan by Kroger to build a new store to replace the cramped, old-format location at 16th and Central Avenue is on hold again after the chain failed to acquire a key parcel.
Scotty’s plans new restaurants, loses contracts on others
Scott Wise, who operates nine restaurants in Indiana, plans to open two more Scotty’s Brewhouses in Indiana next year. However, his company also is losing the management contracts on two restaurants that carry the Scotty’s name.
Judge: Indiana districts can sell schools despite law
A judge has ruled that two northeastern Indiana school districts can sell vacant schools, bypassing a state law requiring them to wait four years in case a charter school wanted to claim the buildings.
Retail roundup: Everything’s better with coffee? And more
Two new retail concepts are hoping to cash in by pairing their offerings with coffee. Plus: Comings and goings among other retailers.
Developer close to starting project at 116th, Springmill
Gershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail building and a 13,200-square-foot CVS pharmacy.
Buyer of vacant Connersville factory gets more time
Officials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close on the purchase.
Area home-sale agreements rise for 19th straight month
Home-sale agreements in the nine-county Indianapolis area jumped 14.2 percent in November, marking the 19th straight month the number of pending sales has increased.
Pendleton turns to past to revitalize its downtown
The town 25 miles northeast of Indianapolis was approved for the state’s branch of Main Street, a project of the National Trust for Historic Preservation, aimed at helping communities revitalize their downtowns and neighborhood commercial districts.
Analysis: Simon factions make peace as tax hike looms
Widow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin Simon. The goal that appears to have united the survivors: Reducing Uncle Sam’s take of a fortune that has swelled to nearly $3 billion.
Startup’s stuffed toys help kids do good
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.