Rally’s planning to add up to 30 local restaurants
The owner of the drive-through focused burger chain Rally’s, which got its start in southern Indiana, hopes to double the number of locations in the Indianapolis area.
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Johnson County still dealing with 2008 flood
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
Former real estate exec to plead guilty to wire fraud
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
New owners aim for big profit after buying IPS school on the cheap
The buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they bought for just $20,000.
Hot apartment market sees robust sales
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
Tax bills spur eBay listing for Anderson office buildings
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
Hat World suing three former execs for contract breaches
The federal suit seeks monetary damages and a permanent injunction prohibiting the men from soliciting customers and employees, and from disclosing trade secrets.
Jack in the Box revives local expansion push
The burger chain has applied for zoning approval to build a restaurant near 16th and Meridian streets, just south of CVS drugstore. It would be one of 10 stores it plans to open here.
HICKS: Lessons to glean from Keystone Towers demolition
The demolition of a vacant apartment building is common fare in American cities. It is part of the urban renewal that is much needed in many U.S. cities.
Marsh plans to spend $60M to build and remodel stores
The Fishers-based supermarket chain is shifting into expansion mode with a mission to construct up to 10 new stores and revamp or rebuild several more over the next three years.
Kite shares still grounded two years after plunge
Kite Realty Group Trust says leasing activity is up, debt maturities are under control, and new retail developments could boost operating income this year an impressive 17 percent. Yet shares in the locally based firm still fail to excite investors.
Triton Brewing Co. opens at Fort Benjamin Harrison
The city's newest homegrown craft brewery opened Sept. 2 at Fort Benjamin Harrison.
Analysts react positively to Finish Line purchase
The Indianapolis-based retailer’s acquisition of an 18-store specialty running chain should produce better results than some past miscalculations, analysts say.
Finish Line acquires 18-store chain for $8.5M
The Indianapolis-based athletics retailer acquired the chain in order to enter the specialty running market. The stores are located primarily in the eastern part of the country.
Music retailer moving call center to Indianapolis
The Woodwind & Brasswind, a South Bend-based retailer of musical instruments, is moving call-center operations to Indianapolis. The center will employ 100 people.
Lauth’s Eaglepoint fattens up on racing teams
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
Developer plans $40M apartment and retail project
A local developer is planning a $40 million apartment and retail development northwest of 86th Street and Keystone Avenue.
Receiver appointed in $16.8M foreclosure suit
Lender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers, owned by Greenwood developer Presnell Cos.
Circle Centre wants Cinnabon out of mall
A lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its $6,751-per-month rent.
Keystone Towers tumble down
Hundreds of people watched from nearby as explosives brought down a long-shuttered Indianapolis apartment tower near the Indiana State Fairgrounds that had become a neighborhood eyesore and a haven for crime.