The Proscenium in Carmel almost ready for its debut
What once was a deteriorating Party Time Rental warehouse and an Arby’s has been transformed into a ritzy residential and commercial block.
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Real estate firm’s bet on senior health care takes painful turn
The past year has been awful for Carmel-based Invesque, as COVID-19 hurt the full gamut of its health care real estate portfolio, from nursing homes and office buildings to memory-care and assisted-living centers.
Costco to raise starting hourly wage to $16, end hazard pay
The starting wage scale puts Costco above competitors, including Amazon, Target and Best Buy, which have $15 minimum wages.
Nation’s largest retail trade group forecasts strong sales growth
The National Retail Federation said Wednesday it anticipates that retail sales will grow between 6.5% and 8.2%, to more than $4.33 trillion, this year.
Lowe’s 4Q results surge as people plow money into homes
Home improvement stores have become hot destinations during the pandemic, with millions working from home and attending school remotely. Many Americans have found the time to update or change their homes to add home offices and other elements.
Fry’s Electronics closes all stores, including Fishers location
The 180,000-square-foot Fishers store originally housed Incredible Universe, a media and electronics superstore owned by Radio Shack parent Tandy Corp. Fry’s took over the building in 2005.
Ratio Design sells minority stake to Toronto investment firm, plans growth
Ratio will remain an independent Indianapolis-based company as part of the deal, with founding principal Bill Browne staying as president and the largest individual shareholder.
Real Estate Weekly: News notes 02/23/21
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 23, 2021: Briefs: —The Scoop Shack, a combination ice cream shop and artisan boutique, is expected to open this spring at 7002 Lake Plaza Drive in the Avalon Crossing shopping center, just east of Binford Boulevard and south of 71st Street. Owners Nicole Eslinger and Sonja […]
Glendale continues to evolve with outlots for lease, cosmetic changes, new Culver’s
The owner of Glendale Town Center plans to market three new outlots as part of an ongoing renovation to the property that includes the addition of new tenants to backfill the former Macy’s space.
Tex-Mex restaurant from owners of Tried and True Alehouse opening in Greenwood
Humble Taco and Margarita Bar is set to open Monday in a 4,300-square-foot spot that formerly housed a Stacked Pickle restaurant.
Kohl’s faces activist group seeking control of board
Kohl’s Corp. is under pressure from a group of activists who want to name nine directors to control its board and are pressing the retailer to reduce inventory and end its “dizzying array of promotional gimmicks.”
Downtown office market set to shift as firms rethink space
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
New tenants move into historic Monument Circle space
Luxori Salon, a startup, and B. Bliss Spa, which moved to Monument Circle from the Stutz Business and Arts Center, have taken the space formerly occupied by Studio 2000, a longtime salon and spa that closed last summer.
Walmart sales still surging, but a chill may be on the way
Walmart has pushed hard into fast and convenient delivery during the pandemic. But even the massive infrastructure put into place by Walmart in recent years was strained by the crush of orders from millions of people sheltering at home.
Martindale-Brightwood chosen for Lift Indy development program
The neighborhood will receive about $3.5 million in funding over the next three years from the U.S. Department of Housing and Urban Development Home Investment Partnership Program and the Community Development Block Grant program.
Central Indiana homebuilders off to hot start in 2021
Fresh off their busiest year since 2006, area homebuilders continued to see heavy interest from buyers in January, the Builders Association of Greater Indianapolis announced Wednesday.
U.S. retail sales jump 5.3%, thanks to $600 stimulus checks
After three months of declines, retail sales soared in January from the month before, the U.S. Commerce Department said Wednesday, far exceeding expectations.
Town of Speedway again exploring legal options for delayed Wilshaw hotel
Town officials have grown “frustrated by a lack of transparency and communication from Loftus Robinson despite our multiple requests,” as well as the firm’s effort to continue batting away responsibility for the project.
Monday night fire kills 100 animals at pet store
Crews discovered “what can only be described as a horrible tragedy” after thick smoke and poisonous gases filled the pet store on the northwest side, a fire department spokesperson said.
BoomBozz owner suing former pizzeria franchisees over new restaurant
The company behind the BoomBozz pizzeria chain is suing the its former franchisees in Carmel and Fishers for allegedly using the company’s recipes and other trade secrets to open Crafters Pizza and Draft House in Carmel.