Rolls-Royce gives downtown office market a bounce
The decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have been a big spike in the central business district Class A office vacancy rate.
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Northeast-side office building falls into foreclosure
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
Shoe Carnival reports record annual profit
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
Home builder Estridge promises to finish homes, fight on
Paul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
Fountain Square staple Peppy Grill thrives on independence
The sign behind the counter at the we-never-close greasy spoon sums up its distinct personality: “Cows may come and cows may go, but the bull in this place goes on forever.”
Retail/office building planned for site at Fort Ben
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
Estridge: We need cash to survive
Paul Estridge Jr. says potential investors have inquired about helping his homebuilding company. Without millions in capital and a line of credit, the business could close within a week.
INSIDE DISH: Cafe bolsters base of Turkish food fans
Ascending from server to owner of Bosphorus Istanbul Cafe, Orhan Demirtas has leveraged a relationship with Eli Lilly and Co. to diversify revenue, and solidified his base by opening a new breakfast cafe and hookah bar.
Indianapolis couple offers seniors a senior housing alternative
Unusual home on south side has a dozen bedrooms for folks who need to give up their own homes.
Local home construction plummets again
Home-building permits filed in the Indianapolis area fell by more than 40 percent in February compared with the same month last year. Nationally, builders broke ground last month on the fewest homes in nearly two years.
Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
Annual profit, revenue shrink for Noble Roman’s
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
Estridge again seeking investors to avoid closing
The Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren’t obtained soon. The company previously received a cash infusion last June from a group of subcontractors.
Local home sales continue downward slide
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
Retail sales up 1 percent in February
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
Lawsuit about parking issues puts Calle 52 restaurant project on hold
Plans for a new Latin restaurant at 52nd Street and College Avenue are on hold after another restaurant owner sued to overturn city approval of a parking variance.
Retail chain Family Leisure finding new identity
Recreational product superstore Family Leisure changed its name from Watson’s two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
Eagle’s Nest is a survivor among rooftop eateries
As rooftop restaurants nationwide have fallen from grace, the Eagle’s Nest, sitting high atop the 22-story Hyatt Regency Hotel in the center of downtown, continues to fly high.
Irsay, Simon tie on magazine’s world’s-richest list
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
Virginia not-for-profit suing Duke Realty for $30M
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.