Insurance agency revives plans for downtown building
McGowan Insurance Group plans to build a $2.75 million, 19,000-square-foot building at 355 Indiana Avenue.
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Retail REIT profits may slip on store bankruptcies
Retailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.
Portrait Homes parent files for bankruptcy
Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.
Simon CEO compensation jumps to $24.6 million
Simon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon, whose compensation rose more than fivefold last year.
Bank seeks foreclosure on two strip centers
First Financial Bank in Ohio is asking a Marion Superior Court judge to appoint a receiver for Woodland Shops on the city’s northwest side and Lakewood Shops on the northeast side.
J.C. Penney closing warehouse, cutting 230 jobs
J.C. Penny Co. says it plans to close a warehouse in Plainfield by September 2012.
Retailers push for online sales taxes
Indiana’s retail lobby is pushing the state to follow a growing number of states passing laws to require online retailers to collect sales tax from customers.
Lawmakers still at odds over alcohol ID age requirement
Indiana legislators are disagreeing about how old someone should look before they have to provide identification when buying alcohol.
Residential developer declares bankruptcy
John Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel, is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
Hardware store slated for Meridian Street building
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
Condo sales lag in hot downtown apartment market
New apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't providing much of a boost for the condo market.
Meridian Street buildings to get facelift
A not-for-profit is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and 38th streets into specialized affordable housing.
City sells North of South bonds, locks in 5.2-percent rate
The city of Indianapolis went to the bond market last month to sell $97 million in debt for the $155 million North of South hotel and retail project near the Eli Lilly and Co. campus.
Kroger plans $3.8 million school investment
The Cincinnati, Ohio-based grocer announced Wednesday a new three-year, $3.8 million investment that will support library grants, schools and a literacy initiative across Indianapolis.
Nonprofit group plans renovation of 2 vacant apartment buildings
A not-for-profit group is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and 38th streets into affordable and supportive housing.
New York firm wins Steak n Shake ad account
Indianapolis-based restaurant chain selects Kirshenbaum Bond Senecal & Partners as agency of record for its $18 million advertising account, ending about two years of uncertainty surrounding its marketing efforts.
Whitestown interchange lands $8M travel plaza
A growing distribution hub anchored by Amazon.com and MedcoHealth Solutions along Interstate 65 in Boone County has inspired plans for an $8 million truck stop and travel plaza.
Bill Cook, medical device magnate and philanthropist, dies at 80
The founder of Bloomington-based life sciences giant Cook Group Inc. and the wealthiest man in Indiana leaves a legacy of dozens of historic structures saved from decay or demolition. He also was a major donor to Indiana University and its athletics department.
Roundup: Cutco, Marshalls, Performance Bicycle, Sensu
Cutco is opening its first local store, Marshalls is replacing an off-price brother, Performance Bicycle plans a new store in Greenwood, and more.
Bank seeks to foreclose on Polo Club restaurant
The south-side steakhouse is named in lawsuit stemming from a $1 million loan made to the former owners of a Steak & Ale restaurant at the location on South East Street.