HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
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Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
City Barbeque building new restaurant in Greenwood
The Ohio-based City Barbeque chain plans to open its first Indiana restaurant in Greenwood on the site of the former Grindstone Charley's.
Is IKEA coming to Indy?
The rumor popped up again last week as I was preparing to cover the International Council of Shopping Centers annual convention
in Las Vegas. Was IKEA looking at Indianapolis? Were they interested in building a store at Anson or in Greenwood?
Downtown merchants sponsor new farmer’s market
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.
Retail project in search of tenants after Ace deal falls apart
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
Zoning board nixes clothing-optional campground
The Morgan County Board of Zoning Appeals denied the request Monday night during a meeting where many in the crowd of more
than 100 people spoke against it.
Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.
Expiring tax credits boost home sales nationally
Sales of previously owned homes rose 7.6 percent in April, the best showing in five months.
Simon plans to rejoin retail leasing event
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation’s retail lease deals are consummated.
Ivy Tech set to break ground on new downtown building
Ivy Tech Community College is set to start new construction at a former hospital site next to its downtown Indianapolis campus.
At Vegas gathering, hope grows for a retail turnaround
The nation's largest retail leasing confab began on Sunday in Las Vegas with a hopeful welcome from Michael Kercheval,
CEO of the International Council of Shopping Centers.
An extended retail roundup
Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.
INSIDE DISH: Ambrosia’s Pizzi hits learning curve
Local restaurateur Gino Pizzi refocuses his new downtown locale after unexpected challenges, including higher costs
and lackluster lunch business.
Habitat foreclosures on rise
So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year’s foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
Upcoming ICSC convention will offer insight into growth plans for retailers
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
Dora Hotels takes over management of DePauw’s Walden Inn
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
Bazbeaux moving to 3Mass
Homegrown chain Bazbeaux Pizza has inked a deal to take 4,700 square feet in 3Mass, moving to the first floor of the upscale
condo building from its current home across the street.
Evans: Health care real estate is evolving
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller,
denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants;
and nursing homes with a strong relationship with a hospital.