New local restaurants open for business
The former owners of Arturo’s have opened another eatery, this time in Carmel’s Arts & Design District.
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HHGregg shares slide on lower earnings outlook
The Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
Report: Local apartment market strong in 2010
Occupancy in the Indianapolis metro area grew last year to 90.8 percent, according to the latest annual market report compiled by apartment brokerage Tikijian Associates. The downtown market, in particular, boasted strong numbers.
D-A Lubricant moving from Indianapolis to Lebanon
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
Marsh in Shelbyville among latest stores to close
The supermarket chain has closed a store in Rushville and will shut others in Shelbyville and Connersville by the end of February. The closures will leave Marsh with 97 stores, about half of which are in Indianapolis.
Spending data show strong December sales
Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, according to data released Wednesday.
INSIDE DISH: Recess owner keeps it simple, plans expansion
After initial trepidation over its chef-centric concept and urban location, Recess' Greg Hardesty plans to open another school-themed eatery.
Brightpoint expansion includes three buildings
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
Local office market continues vacancy struggles
The Indianapolis office market suffered through a tough 2010, marked by stagnant and high downtown vacancy rates, falling suburban occupancy rates and another year without construction activity.
Commercial real estate will continue its climb back in 2011
Medical office likely will be the strongest sector, followed by apartments.
Goodwill angles for donations during weak economy
The recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.
Real estate startup hopes to raise millions in stock offering
A group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets in a so-called "blind pool" stock offering.
Simon lands $4.6B loan to fund offer for London mall owner
Simon Property Group Inc. has secured a 3 billion pound loan that will give the company the resources to bid for London-based Capital Shopping Centres Group Plc.
Lender takes action on Renaissance Bay project
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.
Santa feeling stays with shoppers after Christmas
People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever.
Ivy Tech gaining closed Indiana State Police post
Ivy Tech officials say the state is in the final steps of transferring the Terre Haute property’s title to the statewide college system. The no-cost transaction is expected to be completed after Jan. 1.
Christmas Eve dash caps banner shopping season
A strong Christmas Eve would round out a surprisingly successful holiday season for retailers. The National Retail Federation predicts that holiday sales will reach $451.5 billion this year, up 3.3 percent over last year.
New Artsgarden skywalk will connect with PNC Center
The fourth skywalk connection to the Indianapolis Artsgarden is moving forward more than 15 years after the landmark structure opened.
Fourth Artsgarden walkway gets final approval
Construction on the walkway that will connect the downtown PNC Center with the Indianapolis Artsgarden should begin in March. Plans to pave the gravel parking lots on the former site of Market Square also received approval.
Broadbent spins off construction business
Beleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan. 1.