Veritas Realty owner sells stake to partner
Veteran developer Danny Marr has sold his stake in Indianapolis-based Veritas Realty to a partner and plans to work as a residential real estate agent in Florida.
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Lawyers for Marsh Supermarkets can’t depose David Marsh
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company’s lawsuit against his father, ex-CEO Don Marsh.
New restaurant space planned for Regions Tower
The owners of downtown's 36-story One Indiana Square/Regions Tower are working on plans to renovate part of the skyscraper's first floor to accommodate a massive new restaurant.
Marsh Supermarkets settles IRS issue in suit against ex-CEO
A new brief in a lawsuit against former CEO Don Marsh alleges he had an affair with a Russian ice ballet director, bankrolled with company funds.
Lawsuit: Ex-Marsh chief defrauded grocery chain
Attorneys for Marsh Supermarkets say the grocery chain's former president defrauded the company of millions of dollars, using it as his "personal piggy bank" to fund extramarital relationships.
Indianapolis entrepreneurs rescue Choc-Ola from oblivion
The chocolate beverage Choc-Ola, launched in the 1940s and pitched to a generation of fans in the 1970s by Cowboy Bob on WTTV-4, is hitting store shelves again. South-side entrepreneurs Dan Iaria and Joe Wolfla are leading its comeback, landing an 18-state distribution deal.
Frozen yogurt hot item on local retail scene
Frozen yogurt businesses are sprouting up all over the Indianapolis area, with owners hoping to cash in on the public’s appetite for what they perceive as a healthy treat.
New TIF districts could spur urban development
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
Hoosiers finally score one of Foot Locker’s House of Hoops
Finish Line’s main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
City’s last independent map retailer set to fold
Odyssey Map Store in downtown Indianapolis will close Aug. 31 after a 27-year run. The owners attribute the closing to the proliferation of GPS devices and smart phones.
City proceeding with public safety complex at Eastgate
City-County Council grants approval for the city to enter into a 25-year lease with the owner of the former Eastgate mall to take 76,000 square feet for a Regional Operations Center.
Roundup: Presley Presents, La Margarita, Stacked Pickle, Chicago’s Pizza, Pioneer
Check out a round-town roundup chock full of new locations for popular restaurants including La Margarita, Stacked Pickle and Chicago’s Pizza, along with a new family dinner theater and a new concert venue for Fountain Square.
Ratio finishing City Market design work
The architectural firm is set to be awarded a $120,000 contract to complete the work after the original designer of the renovations, Woollen Molzen and Partners Inc., disbanded last month.
Indianapolis council OKs razing of Keystone Towers
The City-County Council in Indianapolis has voted to spend $4 million to demolish the abandoned 15-story Keystone Towers and the long-vacant former Winona Hospital.
Fountain Square project to include concert venue
The new owner of a 110-year-old building in the heart of Fountain Square is planning a renovation and expansion that will turn it into a restaurant, bar and 450-seat music hall called Pioneer.
Area home-building activity shows April uptick
In the nine-county area, the number of building permits filed in April climbed to 361, an increase of 10 percent from the same month in 2010.
Area home sales slump for 12th straight month
Indianapolis-area home-sale agreements fell 36.4 percent in April compared to the same month last year, marking 12 consecutive months in which year-over-year sales have fallen.
Common sense might not keep you from being carded
The revised law that takes effect July 1 requires that only those who appear to be younger than 40 show ID when buying alcohol. But some retailers who embraced the stricter provisions say they're not ready to give customers the benefit of the doubt.
New laws affect commercial property owners
Three bills with implications for owners of commercial real estate were approved by the General Assembly and have been signed by Gov. Mitch Daniels.
Before and after: Partnership sprucing up MLK corridor
A partnership between the city and nonprofit groups to spruce up the Dr. Martin Luther King Jr. Street corridor is starting to yield results.