Stock slides as HHGregg stores rise
HHGregg Inc. continues to plow into new markets, opening an average of one store a week, even as Wall Street is feeling less gung-ho about the prospects for such a fast-growing brick-and-mortar electronics chain.
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Airport seeks broker to market ex-ATA HQ
The Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis International Airport once used by ATA Airlines. It has been vacant for three years.
Heartland taking storefront space in Murphy Art Center
Heartland Truly Moving Pictures has signed a deal to move its headquarters to Fountain Square’s historic Murphy Arts Center, which includes a former movie house.
East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
School moving to vacant downtown building
A small private school that serves gifted and talented students intends to move to a downtown building that has been vacant since a daycare center moved out three years ago.
Pizzology chef plans new downtown concept
Neal Brown, the popular local chef behind Carmel's Pizzology is outfitting the former home of Nia's Deli at 38 E. Washington St. for a new restaurant called The Libertine.
Two area landmarks make ‘Most Endangered’ list
This year’s list compiled by Indiana Landmarks includes the Taggart Memorial at Riverside Park in Indianapolis and a portion of historic downtown Greenwood.
Marsh hires Price Chopper executive as chairman, CEO
As expected, grocery industry veteran Joseph M. Kelley has been named chairman, president and CEO of Marsh Supermarkets Inc., the Indianapolis-based company said early Monday.
Simon Property results improve as store rents climb
Simon Property Group Inc., the largest U.S. shopping-mall owner, said funds from operations rose 75 percent in the first quarter as retail sales climbed.
Developer proposing $100M project for Carmel
A proposed 64-acre development west of U.S. 31 in Carmel would help satiate a craving for retail, but it faces a tough fight from neighborhood groups that want to preserve the thoroughfare’s residential character.
Restaurants plan Indianapolis-area expansions
New locations of various eateries are planned in Carmel, downtown, and on the north and south sides.
Watchmaker has a flair for precision
Bill Rostiser has practiced watchmaking for more than half of his life. At 60, he has worked 38 years at Windsor Jewelry just south of Monument Circle. During that time, he watched the downtown area flourish, along with the business.
Short-time CFO altered course at Marsh Supermarkets
John Elbin forced the ailing grocery chain to confront its problems during his five months with the company.
Porous concrete gets big test
The new sidewalk and curb material is easing strain on storm sewers on Ohio Street.
Rethinking Monument Circle in Indianapolis
IBJ gathered advice from local and national experts about what should be done to improve the city’s most prominent public space and where Indianapolis should look for inspiration.
UPDATE: Skjodt-Barrett Foods bringing 300 jobs to Lebanon
The newest tenant in Lebanon Business Park will occupy 214,000 square feet and make a $20 million investment to build out the space and install equipment.
Duke Realty reports strong quarterly results
The Indianapolis-based real estate investment trust reported a first-quarter profit of $47.6 million compared with a loss of $15.3 million in the same quarter a year earlier. Gains from the sale of properties helped drive profit.
New Petite Chou restaurant planned for downtown
The French-inspired Petite Chou is planning a new downtown restaurant at 30 S. Meridian St., next door to The Oceanaire Seafood Room.
Local architectural firm Woollen Molzan disbands
The venerable Indianapolis architectural firm that designed many of the city's most recognizable buildings—including the Minton-Capehart Federal Building—has closed and two of its leaders have joined a local competitor.