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Real Estate & Retail
Judge denies airport's objection to competing parking lot
September 11, 2012
IBJ StaffA Marion County judge has denied a legal challenge by the Indianapolis Airport Authority that would prevent a Cincinnati-based
developer from opening a competing parking lot near the airport.
MoreVirginia Avenue attracts yet another project
September 11, 2012
Tom HartonEnglewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to
50 apartments, about 5,000 square feet of retail space and an underground parking garage.
MoreGeneral Growth rejects call for sale of company to Simon
September 10, 2012
Bloomberg NewsGeneral Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s request
to put itself up for sale and said it will remain independent.
MoreTribal casino could squeeze state coffers
September 8, 2012
Kathleen McLaughlinA tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important
source of state tax revenue.
MoreReal estate firm's niche is commercial Hispanic clients
September 8, 2012
Dan HumanReal estate entrepreneur Kelli Membreno, a bilingual native of northern Indiana, has built a business on helping Hispanic
entrepreneurs navigate the barriers of language and American business customs.
MoreAirport may carve up ex-terminal property
September 8, 2012
Chris O'MalleyIndianapolis International Airport managers say they haven’t given up hope that a single, mega-sized tenant could create
an economic development boon at the site abandoned nearly four years ago when the midfield terminal opened. But the latest
listing of redevelopment sites shows the former terminal complex being marketed in pieces.
MoreArchitecture firm plans to expand, add 27 employees
September 6, 2012
Guidon Inc. said it will add the jobs by 2016 as part of a $545,000 expansion that includes upgrades to its facility at 2453
N. Delaware St. in Indianapolis.
MoreReport: Simon foe General Growth hiring investment bank
September 6, 2012
IBJ Staff and Bloomberg NewsThe board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may
reconsider a sale of the company two years after it spurned a Simon offer.
MoreMDC approves CIB's sale of building to Steak n Shake
September 5, 2012
IBJ StaffThe Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion
County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
MoreSteak n Shake paying $3.8M for Ober Building
September 4, 2012
Cory SchoutenAn affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building
from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
MoreAttendance up for Indiana classic-car auction
September 4, 2012
Associated PressOrganizers of a long-running classic car auction in northeastern Indiana point to improved attendance and sales as signs that
they've put behind the financial troubles of its former owner.
MoreManagement contracts help DTM Real Estate push into mainstream
September 4, 2012
Tom HartonDTM Real Estate Services LLC landed management and leasing for Fortune Park buildings 5, 6 and 7 in August, about a year after
getting the management contract for a 360,000-square-foot portfolio in Park 100.
MoreLake Wawasee house sale is largest of year for local listing service
September 1, 2012
Encore Sotheby's local office represented seller in the $3.8 million sale to a local buyer.
MoreHHGregg's new push: Selling treadmills alongside TVs
September 1, 2012
Greg AndrewsThe appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled
for 31 of its more than 200 stores.
MoreEx-concrete plant to be razed for Greenwood nature area
August 31, 2012
Associated PressA former concrete plant in Greenwood faces the wrecking ball to make room for a wider road. The city plans to raze the former
Prairie Materials concrete plant so it can turn Worthsville Road into a major boulevard that can handle traffic from a planned
Interstate 65 exit.
MoreFedEx Ground eyeing Zionsville for distribution center
August 30, 2012
IBJ StaffFedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment
commission members on Wednesday.
MoreAnderson tests new pavement-recycling process
August 29, 2012
Associated PressAnderson is the first city in Indiana to try a process that uses infrared technology to heat and melt existing asphalt, which
is then broken up and removed, mixed with fresh oil and returned to the road surface.
MoreMajor Westfield development projects making progress
August 29, 2012
Scott OlsonSeveral big development projects planned for Westfield are under way or awaiting approval, but plans for a retail center at
U.S. 31 and 161st Street have been on the shelf for several years due to the economy and road construction.
MoreBell Techlogix landlord buys tech firm's new headquarters
August 28, 2012
Tom HartonPhiladelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased
Bell’s new headquarters at 4400 W. 96th St.
MoreInvestor urges General Growth to pursue being acquired by Simon
August 27, 2012
Bloomberg NewsBill Ackman’s Pershing Square Capital Management LP, the second-largest investor in General Growth Properties Inc.,
urged the mall owner to enter negotiations for a takeover by rival Simon Property Group Inc.
MoreNorth-side office building falls into foreclosure
August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the
owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
MorePotential for Simon-General Growth deal appears to dim
August 25, 2012
Bloomberg NewsGeneral Growth Properties' largest shareholder said it won’t pursue a takeover of the company and has no interest
in unloading its stake after investor Bill Ackman urged the mall owner to consider a sale.
MoreLucases put imprint to Hilbert mansion
August 25, 2012
Sam StallForrest and Charlotte Lucas kept original touches including a painting with original owner Steve Hilbert holding a spear,
but otherwise aimed to make the mansion more casual. (with 360-degree photos)
MoreRemodeling rebounds as homeowners opt to fix what they have
August 25, 2012
Cory SchoutenMore homeowners are taking the plunge on pricey home remodeling projects—ranging from kitchens, bathrooms and basements
to outdoor living areas and whole-house makeovers—after a roughly five-year lull that began with the housing downturn.
MoreHistory on the block: 5111 N. Meridian St.
August 25, 2012
IBJ StaffBoth the exterior and interior of this French chateau-style mansion at 5111 N. Meridian St. need significant TLC to restore
its former grandeur.
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So, am I now eating at Patachou or a Shake Shack?
Does the IBJ have any fact to backup their assertion that Steak n Shake is changing their branding? Or are trying to compete with the Star on how many stories they can get incorrect??
The NCAA has the authority to sanction an entire school if a single player is caught receiving unauthorized gifts. In the case of Penn State an assistant coach was sentenced to life in prison after being convicted of numerous felonies on campus, and members of the administration have been charged with covering it up. To suggest that the NCAA had no reason to get involved is laughable.
This image is of a trade show booth, not a retail store. I'm sure no one in their branding brain trust would really make their retail stores look like a second-label jeans brand from JCPenney. I would bet it's done at way so attendees know the ownership of the updated concept. (I have to say, tho, glad they appear to be losing affinity to the 50's drive-in idiom they were toying with post-Young & Laramore...)
I absolutely love the new sign. I've hated Steak N Shake for years now, but this new sign will make me eat there frequently!