Real Estate & Retail

Evans: Health care real estate is evolving

May 19, 2010
J.K. Wall
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.
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New monthly event aims to recruit downtown residents

May 18, 2010
Cory Schouten
Indianapolis Downtown Inc. is launching a new monthly event to encourage more people to live downtown just as real estate brokers say interest in available homes is picking up.
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Simon biding its time after failed bid for rival

May 15, 2010
Cory Schouten
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed a rival plan that allows General Growth to stay independent.
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Resurgent Finish Line eyes plan for cash hoard

May 15, 2010
Cory Schouten
Finish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases, and diversify its business.
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Unorthodox pay package puts Biglari on defensiveRestricted Content

May 15, 2010
Greg Andrews
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style compensation plan for himself late last month that could put staggering sums in his pocket.
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Lender lawsuits seek millions from Broadbent owner

May 15, 2010
Scott Olson
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted on loans and owes more than $2.6 million.
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Prosecutor drops arson charges in Cosmopolitan fire

May 14, 2010
 IBJ Staff
Homeless man Brandon Burns had been accused of setting the massive blaze.
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INSIDE DISH: Real estate deals central to success for Santorini

May 14, 2010
Mason King
Santorini_watchvideoShrewd moves have allowed restauranteur Taki Sawi to cement Santorini Greek Kitchen in Fountain Square and pave the way for future expansion.
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FBI combs through records on Brizzi deals

May 13, 2010
Cory Schouten
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor Carl Brizzi and defense attorney Paul Page.
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Ritter's buyer embarking on custard chain turnaround

May 12, 2010
Scott Olson
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt to grow the Ritter's chain to 100 locations within five years.
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Resource lands Colliers affiliation

May 11, 2010
Cory Schouten
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective immediately, the company said.
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Apartment sellers testing market again

May 11, 2010
Tom Harton
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
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Tax credits help boost April home sales in central Indiana

May 10, 2010
 IBJ Staff
Home-sale agreements surged 33.8 percent in the Indianapolis area in April as buyers rushed to beat the deadline for federal tax incentives.
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Bren Simon lashes out over 'wrongfully removed' medical log

May 10, 2010
Cory Schouten
Widow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical log and unlawfully turned it over to attorneys representing one of Simon's children from a previous marriage.
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Simon shares surge despite failed General Growth deal

May 10, 2010
 IBJ Staff and Associated Press
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based rival it had been pursuing for months.
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Cabela's revs up expansion, but leaves Greenwood off list

May 10, 2010
 IBJ Staff
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion. But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
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Wishard Hospital project is life blood to contractors

May 8, 2010
Scott Olson
Replacing the existing Wishard Memorial Hospital is so critical to the well-being of the sickly construction sector that one industry official likens the project to a "lifeline."
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Stone Creek owner adding to his dining empire

May 8, 2010
Cory Schouten
Mike Cunningham has run dining spots ranging from a bar and grill to yogurt stands and is now growing a popular chain of upscale restaurants—primarily under the Stone Creek Dining Co. name—in Indiana and Ohio.
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Glick Eye Institute designed to mesh architectural styles, ophthalmology researchers

May 8, 2010
Norm Heikens
The new home for the Eugene and Marilyn Glick Eye Institute that’s rising from the ground at IUPUI must do a lot of things well.
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TAYLOR: Reform will drive demand for health care facilities

May 8, 2010
Deeni Taylor
There has been a noticeable uptick in the level of health care real estate development activity this year.
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MOUNAYAR: Indianapolis should rediscover public spaces

May 8, 2010
Michel Mounayar
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
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Sahm's to open tavern in downtown Indianapolis

May 8, 2010
 IBJ Staff
The bar and restaurant will take about 3,600 square feet in the building, which has OneAmerica and ExactTarget as its anchor office tenants.
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Mass Ave project adds garage, wins approvalRestricted Content

May 8, 2010
Tom Harton
Work could begin this fall on $10 million Trail Side complex.
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Simon withdraws bid for General Growth

May 7, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
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INSIDE DISH: Brugge Brasserie brews plans for expansion

May 7, 2010
Mason King
Brugge_WatchVideoThe Broad Ripple-based brewpub's owners bet its Belgian beer and vittles will go over just as well outside Indy. But first they need $1 million from an investor, in part to streamline brewing.
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