CIB mulling sale of historic downtown building
The Capital Improvement Board has owned the Ober building, at 107 S. Pennsylvania St. near Bankers Life Fieldhouse, since 1999. Members on Monday voted to begin soliciting bids.
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Rocket Fizz plans soda shop for Monument Circle space
A quirky California chain that boasts "one of the largest and craziest selections of glass bottled soda pops and retro candies for sale in America" plans to open its first Indiana store next to Potbelly on Monument Circle.
City launches extensive rezoning initiative
The nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials, architects, community activists and others.
IDI taps not-for-profit veteran to succeed Zahn
Sherry Seiwert, executive director of the Indiana Housing and Community Development Authority, replaces longtime leader Tamara Zahn, who announced in February that she would leave once a successor was found.
Cousin wins minor damages in Mike’s Carwash lawsuit
A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.
Hofmeister files bankruptcy reorganization plan
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.
Board’s ruling puts Fall Creek home sites back on market
Buyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The Oaks Academy had hoped to build a soccer field.
Building relationships pays off for contractor Gray
Steve Gray Renovations grew during the remodeling industry’s worst downturn in more than two decades.
National retailers report tepid sales for June
Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in disappointing sales for many retailers.
Irving Materials acquires northern Indiana competitor
Greenfield-based Irving Materials Inc.’s purchase of Rock Industries in Peru brings its total number of mining operations in Indiana to 18. Rock Industries operates quarries in Peru and Plymouth.
Camp Atterbury plans $75M in expansion projects
Workers will add three barracks, a dining hall and an expanded rail spur to accommodate bigger shipments to the post.
TOLLIVER: Evolving market dynamics impact medical real estate
As medical innovation continues to flourish in our city … you can expect to see a direct impact on the where and how you and your loved ones receive comprehensive medical services.
New local burger joint planned for downtown
The owners of downtown's Pita Pit are launching their own quick-casual burger joint at the southwest corner of Ohio and Delaware streets.
Rivoli Theatre finally cleared for comeback
A legal battle that had threatened the east-side landmark has been settled, and a $300,000 grant has been secured to begin stabilizing it.
Indiana fireworks bans hitting dealers hard
Fireworks retailers around Indiana say their sales have taken a big hit from the fireworks bans being put in place because of the state's drought conditions.
J.C. Penney closing distribution center, laying off 230
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
Roundup: Half Price Books, GFS, Mr. Dan’s, Granite City
Several retailers and restaurants are making moves in Indianapolis. For the latest, make sure to follow @PropertyLines on Twitter.
Finish Line stock jumps after profit exceeds expectations
The Indianapolis-based retailer’s profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly 12 percent on the day.
A year later, Circle Centre Nordstrom vacancy lingers
Without a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace Nordstrom, though it would take only a portion of the available space.
Land trust buys 55 acres in Morgan County
The Central Indiana Land Trust announced Thursday that it has purchased 55 acres of land south of Mooresville to ensure that it remains protected from future development.