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Real Estate & Retail
Marsh pilot says he flew former CEO to see mistresses
February 11, 2013
Scott OlsonAt least twice a month during the year 2000, the pilot told jurors, he ferried Don Marsh to New York City to visit one of
his mistresses. Marsh Supermarkets is suing its former CEO in an attempt to recoup more than $3 million in what it claims
are personal expenses.
MoreSisters put sophisticated spin on popcorn
February 9, 2013
Andrea Muirragui DavisJust Pop In! retail stores feature traditional, popular flavors like caramel and cheddar—and an “Indy Style”
mixture of the two—but a dizzying array of more imaginative concoctions sets the local chain apart.
MoreLack of restraint caused Marsh family's downfall
February 9, 2013
Greg AndrewsWhat’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition
grew increasingly precarious.
MoreInfluential Marsh director wraps up week's trial testimony
February 8, 2013
Scott OlsonSt. Elmo Steakhouse owner Stephen Huse testified that directors had a hard time keeping Don Marsh focused on a potential sale
of the company as it teetered toward insolvency.
MoreFormer Marsh CFO sought out bankruptcy lawyers
February 8, 2013
Scott OlsonThe former executive of Marsh Supermarkets Inc. said he became so concerned about the company's deteriorating finances less
than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
MoreDon Marsh says he owes more than $500,000 in back taxes
February 7, 2013
Scott OlsonThe disclosure came during the fourth day of Don Marsh's civil trial. The locally based supermarket chain is alleging he used
company funds to pay more than $3 million in personal expenses.
MoreJury: Real estate execs Bales, Spencer not guilty of fraud
February 7, 2013
Cory SchoutenSOUTH BEND — John M. Bales lifted his crossed hands to his face and began to cry Thursday evening as a federal judge
read the same jury verdict on each of 13 fraud counts against the real estate broker and his partner: Not guilty.
MoreKite sells 3 area buildings in dealmaking blitz
February 7, 2013
Cory SchoutenThe Indianapolis-based real estate company disclosed the transactions in its fourth-quarter financial report. Kite said it
lost $6.5 million in the quarter on nearly $27 million in revenue.
MoreMarsh defense: Travel was integral to company success
February 7, 2013
Scott OlsonDon Marsh's testimony on cross-examination Thursday morning revealed a defense strategy to convince jurors that the frequent
trips the former CEO took on the company’s dime were more for business than pleasure.
MoreWal-Mart revisits plan for Greenwood store
February 7, 2013
Associated PressA retail giant that lost its bid to build a store in Greenwood nearly a decade ago is hoping local leaders look more favorably
on a new proposal to erect a smaller store at the same site.
MoreBales trial in jury's hands after colorful closings
February 7, 2013
Cory SchoutenDuring three hours of closing arguments Wednesday in the federal fraud trial of real estate broker John M. Bales and William
E. Spencer, a federal prosecutor and two top-tier Indianapolis defense attorneys delivered a series of memorable one-liners
and rhetorical flourishes designed to stick with jurors.
MoreUPDATE: Defense takes turn in Marsh civil trial
February 6, 2013
Scott OlsonDon Marsh finally got off the hot seat Wednesday afternoon after his former company wrapped up nearly two days of questioning,
but he didn't stay off the witness stand for long.
MoreDefense rests in Bales trial after flurry of witnesses
February 6, 2013
Cory SchoutenClosing arguments are expected to begin Wednesday afternoon in the federal fraud trial of Indianapolis real estate broker
John M. Bales and partner William E. Spencer after the defense raced through seven witnesses Tuesday and early Wednesday.
MoreUPDATE: Jet trips during affairs were also for business, Marsh testifies
February 5, 2013
Scott OlsonIn a day on the witness stand, former Marsh Supermarkets Inc. CEO Don Marsh told jurors during his fraud trial Tuesday that
he's not proud of his extramarital affairs, but he insisted the private jet trips he took to visit his mistresses were business-related.
MoreFinish Line exec resigns after website redesign debacle
February 5, 2013
Anthony SchoettleLess than three months after a disastrous launch of a newly designed website that cost the retail company $3 million in sales,
The Finish Line Inc. has parted ways with its chief digital officer.
MoreMainGate calls audible during blackout, tops sales forecasts
February 5, 2013
Anthony SchoettlePregame emergency plans help MainGate Inc. go into scramble mode and keep Super Bowl merchandise shops at the Superdome open
even while the lights were out.
MoreFBI agent references Brizzi in Bales trial testimony
February 5, 2013
Cory SchoutenFederal prosecutors rested their fraud case against John M. Bales and partner William E. Spencer on Monday after a full day
of testimony from FBI Special Agent Brian Percival that included several references to former Marion County Prosecutor Carl
Brizzi.
MoreLong-struggling condo development going to auction
February 5, 2013
Tom HartonThe mostly two-bedroom units represent the bulk of the ill-fated Chatham Kynett Court project at 716 N. East St. in the Chatham
Arch neighborhood.
MoreEarlier online sales tax collection clears Indiana House
February 4, 2013
Associated PressAmazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under
a bill approved overwhelmingly by the Indiana House.
MoreMarsh to call former CEO as first witness
February 4, 2013
Scott OlsonThe lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him
reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal
expenses.
MoreBill would crack down on sales to secondhand shops
February 4, 2013
Associated PressIndiana lawmakers are considering a bill that would crack down on sales of stolen goods to the state's secondhand stores.
MoreIndiana gun permit denials nearly double in 4 years
February 4, 2013
Associated PressThe number of state residents whose gun permit requests were denied by the Indiana State Police has nearly doubled in
the past four years amid an increase in permit applications.
MoreSimon ups dividend after beating analysts' expectations
February 4, 2013
Bloomberg News, Associated PressThe Indianapolis-based shopping mall owner reported funds from operations, a key measure of a real estate company's performance,
of $2.29 a share, topping the average estimate from analysts of $2.17 a share.
MoreJury selected in Marsh civil trial
February 2, 2013
Dan HumanDon Marsh, the former supermarket-chain CEO, went on trial in civil court Monday morning over millions of dollars in expenses
he charged to the company. Proceedings got underway with attorneys selecting five men and four women for the jury before breaking
for lunch.
MoreDefense attorneys turn tough in Bales trial
February 1, 2013
Cory SchoutenThe legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first
witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank,
mail and wire fraud.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.