Carmel strip mall fire starts in doughnut shop
The fire began at a Dunkin’ Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
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Gun club building, parking lot fetch $380,000 at auction
The historic, 8,000-square-foot Gatling Gun Club building sold for $250,000 and the 19,000-square-foot parking lot went for $130,000, to two separate bidders.
Feds require Simon to sell outlet centers
The U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
Gatling Gun Club building set for auction
The historic structure at 709 N. Illinois St., along with a nearby parking lot, could be sold Wednesday afternoon. Declining membership and rising costs led the private club to seek a sale of the 160-year-old building.
Simon rival General Growth exits Chapter 11
General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
HHGregg shares swoon after quarterly report
HHGregg Inc.’s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
Redevelopment planned for vacant car dealership
The 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.
Biglari’s revised incentive package approved by shareholders
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings’ shareholders approved a scaled-back bonus agreement for their CEO.
Roundup: Jockamo, Red Habanero, Black Market, Candy Bouquet & more
Several new restaurants and stores are coming to Indianapolis just in time for the holiday rush.
Fresh rendering: $7.6M senior apartments and retail
Keystone Construction plans to break ground next week on a $7.6 million senior apartment building at 10th Street and Keystone Avenue.
City’s Conrad hotel investment starts to pay off for taxpayers
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
McOuat: Before and after
Check out the progress on the McOuat Building after a five-month exterior renovation.
Kite Realty improves third-quarter results
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
Marsh rolls out new name at certain stores
The name change could be part of a strategy to rebrand Hometown Markets and make them more appealing for an eventual sale.
Part of City Market renovation project put on hold
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
Rock Bottom Brewery tries to hang onto downtown lease
Downtown landlord John Goodman has rejected Rock Bottom Brewery’s attempt to renew its lease for five more years. The restaurant has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
Judge: Bren Simon can take some distributions from estate
A Hamilton County judge will allow Bren Simon to take about $3.3 million per year of the estimated $43 million in annual dividend and interest income from her late husband's estate.
Election Board agrees to lease former Marsh store
The Marion County Election Board has agreed to lease about 41,000 square feet in a former Marsh store along East Washington Street for an election services center.
Anderson makes headway in disposing of former GM sites
The city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have been in its possession since 2006.