Owner of city apartment complex files Chapter 11
The owner of a 518-unit apartment complex on the northwest side of Indianapolis is seeking Chapter 11 bankruptcy protection as it disputes the amount of its mortgage debt with its lender.
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Kroger drops plans for Michigan Road store
The locally owned landscape center Altum's said in a note to customers last week that Kroger has withdrawn plans to build a new grocery store on the nursery property on the edge of Carmel.
Greenfield apartment market heats up with sales, development activity
The Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
Fire marshal: DiRimini lacks fire walls, sprinkler system
The state's fire marshal issued an emergency order Thursday barring occupancy of the DiRimini apartment project after the developer apparently continued to move in residents in defiance of city orders.
Judge OKs General Growth’s restructuring plan
General Growth Properties Inc. said Thursday a bankruptcy judge has approved its reorganization plan, clearing the way for the Simon Property Group rival to emerge from Chapter 11 bankruptcy protection early next month.
Black-lit mini-golf course opens on Circle Centre’s fourth floor
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
Old-school costume shop survives new competition
Costumes by Margie isn’t a strip mall box store full of packaged—and disposable—costumes for sale. The shop has a variety of clothing and accessories for rent and a staff, including owner Cheryl Harmon, ready to help put together whatever disguise a customer can dream up.
Biglari shakes up Steak n Shake building format
The new prototype design for Steak n Shake restaurants will be smaller, featuring sections of floor-to-ceiling glass and an exterior that throws off a retro vibe, its signage attached to a protruding fin.
Prospects for City Market brightening at last
New tenants include fresh-item vendors such as a florist and produce shop, in addition to more healthful prepared foods such as juice, crepes and freshly prepared soup.
Vera Bradley shares off to impressive start
Stock in the Fort Wayne-based company began trading Thursday morning at $16 but climbed as high as $23.90.
INSIDE DISH: Entrepreneur eschews MBA, opens French cafe
Emilie Myers is getting all the practical experience she can handle as she and her mother (owner of Zionsville’s late The Pie Safe) try to push La Mie Emilie into the black.
Indianapolis-area experts see bright spots amid ongoing real estate weakness
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Vera Bradley set to go public
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
Blacklight mini-golf course opens in Circle Centre
A unique mini-golf concept called GlowGolf has opened on the troubled fourth floor of Circle Centre mall.
Consulate buys East Street space, leaving Union Station
The Mexican Consulate has been a tenant at the city-owned Union Station since it opened an office here in November 2002. The new site will more than quadruple its space.
Builder’s lakeside home defies rustic expectations
Sparse interiors, vast windows and thoughtfully placed artwork define the look and feel of the Sundstrom home. Their minimalist approach gives top billing to the view and natural surroundings that originally persuaded the couple to relocate.
Clarian’s new buildings: Thumbs up or down?
Let's have a discussion about the architecture of the proposed new buildings for Clarian’s 16th Street campus.
Local senior living manager makes $60.5M acquisition
Indianapolis-based Keystone Senior Living LLC has acquired a portfolio of 28 communities in Minnesota and Wisconsin, more than doubling the units it has under management.
AmericInn buys Fishers hotel, enters local market
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.