The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
The Commerce Department reported better-than-expected U.S. retail sales for November and revised its October figures upward, bringing a fresh wave of optimism to a long-embattled industry.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
A local restaurateur with a long track record in red meat and high-end dining is planning both a casual eatery and throwback watering hole at The Yard at Fishers District.
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
The second-oldest bar in Indianapolis will soon close its doors, clearing the way for one of the city’s most dynamic restaurateurs to take over the space.
The group behind some of the city’s hottest eateries of the last decade plans to open a “coastal Italian” concept in the space that Cerulean is vacating at the end of the month.
Millennials have a reputation for loving products that are local, authentic and benefit the environment. So why are they buying so many plastic Christmas trees?
When downtown’s upscale Cerulean stops serving on Dec. 31, it will mark the end of a brutal year for the local restaurant industry marked by an unusually high number of closings.
Following seven years of growth in new-vehicle sales, U.S. consumers appear to be tapping the brakes—but the auto industry says the slowdown is not causing them concern.
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
The longtime collaborators responsible for Wild Beaver Saloon are melding live performance with a love of facial hair in the three-story Burnside Inn.
The giant retailer said the move underscores its growing emphasis on serving shoppers in different ways beyond just physical stores.
Butler is keeping its Butler Toyota dealership, but has sold off its Kia, Hyundai, Fiat, Maserati and Alfa Romeo dealerships to a major regional chain that has rebranded the locations.
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
CVS Health Corp.’s $67.5 billion takeover of Aetna Inc. will test the administration’s approach to far-reaching corporate takeovers, just weeks after the U.S. government sued to block a major telecommunications merger.
The deal comes as the health sector is looking over the horizon at Amazon.com Inc., and how the company could transform the business of buying, distributing and selling drugs and medical products if it gets into health care.
Macy's needs a good holiday season after suffering 11 straight quarters of sales declines.
The owner announced on Friday that the Asian-inspired fine-dining establishment will stop serving on Dec. 31, after a five-year run in the CityWay development.
