Indiana escapes Best Buy’s closure plans
Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
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Advertising art to find home at historical society
The collection brings to light a bygone era in advertising when Block's and other big downtown department stores ruled the retail landscape and employed their own fashion illustrators.
Renderings: New look for proposed Canal apartments
A proposal more than a year in the works for an apartment tower along the Central Canal could be nearing a groundbreaking.
Lakes of Carmel apartment complex sold
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Area homes sales rise for 11th straight month
Purchase agreements in the nine-county area increased 4.9 percent over March 2011. Existing home sales were up 13.3 percent in the first quarter of 2012 and have recorded year-over-year improvements for 11 straight months.
Homebuilders resume land development after enduring crash
Newly confident buyers seeking to capitalize on low mortgage rates have discovered there’s a scarce supply of well-maintained existing homes for sale and are turning in larger numbers to new homes.
Agency increases effort to help state’s artisans sell wares
Three years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
City approves design of $45M downtown project
Plans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets to be converted into a five-story apartment building with office or retail space on the first floor.
Area home-building activity up in first quarter
New-home permits in the Indianapolis metropolitan area rose 13 percent in the first three months of 2012 compared with the same quarter last year, bolstered by stronger activity in February and March.
Foreclosures down nationally, up in Indiana
Actual foreclosures sank to a five-year low in March, but the number of homes entering the foreclosure process is on the rise again.
First-quarter commercial real estate stats for Indianapolis
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Plan envisions hot growth for downtown Indianapolis
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
Board delays decision on Broad Ripple parking garage
An attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system along White River.
SMC plans $19M Noblesville expansion, 163 jobs
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
Former Mike’s Carwash partner seeking $30M
Jerry Dahm is asking a Hamilton Superior Court judge to force the two owners of the company to buy his stake in its real estate arm for more than $26.2 million, on top of another $3.3 million he wants from his share in the car wash chain. The two owners already have agreed to pay him $17.1 million.
Simon CEO lands $137 million in compensation
David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.
Group’s goal: Turn Fall Creek into a recreation destination
A partnership of north-side neighborhood groups is developing a plan to clean up and revitalize Fall Creek with a goal of reestablishing the waterway as a community asset.
Effort to save Rivoli Theatre faces another delay
The theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit that owns it can win complete control of the 1927 structure and stabilize it.
Plans for Broad Ripple parking garage hit snag
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.