Distribution building sells for $28.5 million
Pennsylvania-based Exeter Property Group has acquired a 604,000-square-foot speculative industrial property at the Fishback Creek Business Park in Whitestown.
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Scannell developing giant buildings
The firm has projects underway in Memphis, Atlanta, Chicago and Hartford, Connecticut, marking the first time Scannell has had this number of massive projects underway simultaneously.
Ratio principal Bill Browne talks Pan Am Plaza project
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.
Methodist Hospital expansion exposes tax tensions
The redevelopment will exacerbate a challenge already weighing on Marion County: huge swaths of land off the tax rolls because they are owned by not-for-profits and are being used for purposes related to the groups’ missions.
Q&A: A new downtown park—for dogs
Erica Ballard’s dream of downtown dog park is coming to fruition after three years of work.
Simon partnership adding Lucky Brand to growing stable of retailers
News of the $140 million deal comes in the same week that Simon Property Group and Authentic Brands Group agreed to acquire legendary clothier Brooks Brothers.
U.S. retail sales regain pre-virus level, but slowdown expected
Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April. Still, much of the spending was fueled by government aid that has since expired.
Homebuilders still seeing high demand despite pandemic
Area new-home construction filings jumped 12% last month, marking the 11th time in the last 13 months that filings have risen on a year-over-year basis.
Wendy’s, McDonald’s ready to revive chicken sandwich wars
One year ago today, Popeye’s fired the first salvo in the Great Chicken Sandwich Wars. And there’s no indication that America’s collective obsession with a crunchy bit of bird on a bun is going anywhere.
Noble Roman’s takes newest concept to Greenwood
The Indianapolis-based chain says it’s scouting sites for yet another Craft Pizza & Pub that it hopes to open by year’s end.
Simon Property, Authentic Brands buying Brooks Brothers for $325M
The venture between Authentic Brands Group and Simon Property Group will continue running at least 125 of Brooks Brothers’ 200 stores as part of the deal.
Retailer Stein Mart files for bankruptcy, might close all 281 stores
Stein Mart is a discount retailer that runs 281 stores in 30 states, including four in the Indianapolis area.
Plainfield mall facing foreclosure for 2nd time after owner misses $30M payoff
The owners of the Shops at Perry Crossing had been hoping to sell the shopping center before a May deadline to pay off the property’s loan balance, but the pandemic ruined those plans.
Simon Property misses Wall Street expectations as profit sinks
The Indianapolis-based shopping mall operator said all of its U.S. properties have reopened, with the exception of a handful in California that were forced to close for a second time on July 15 because of government mandates.
Steak n Shake eases bleeding but faces roadblock in comeback plan
The Indianapolis-based burger chain wants to reintroduce counter service in its dining rooms but claims an agent of its lenders is blocking its attempts to sell restaurants to raise money.
Simon could fill empty mall anchor spaces with Amazon fulfillment centers
In addition, Amazon also has been talking to multiple mall landlords about putting its planned grocery-store chain in former J.C. Penney locations, according to a published report.
Memory Bank: Fire destroys home of E-Z-Bake Flour in 1917
In October 1917, fire destroyed the Acme-Evans two-story, Italianate office building at what was then 702 W. Washington St., an address that is now part of White River State Park.
Indiana adding $15 million to pandemic rental assistance program
To date, more than 24,000 Hoosiers have submitted an application seeking rental assistance through the program, which launched July 13.
The Whit owner lists property for sale, with asking price of up to $120M
The nine-story building features 334 apartment units, a 540-space garage and the 16-Bit Arcade+Bar.
Horizon House plans 36-unit apartment project for homeless on downtown’s east side
The four-story project will also feature office space for Horizon House, which is located adjacent to the site and has provided services for homeless individuals since 1990.