Real Estate & Retail

National animal-welfare group targets Steak n Shake

January 14, 2010
Andrea Muirragui Davis
The Humane Society of the United States bought $2,000 worth of Steak n Shake stock this week in hopes of getting the company to work with food producers that use humane farming methods.
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HHGregg shares fall after analyst downgrade

January 13, 2010
 IBJ Staff and Associated Press
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered his investment rating on the company's stock.
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Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.
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Steak n Shake CEO buys more shares

January 12, 2010
Cory Schouten
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another big bet the company's shares are undervalued.
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Kittle's Furniture shuffles executives, names new CEO

January 12, 2010
Jim Kittle Jr., the company's owner and chairman of the board, will be less involved in daily operations, giving two executives more responsibility.
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Riley Towers expansion in works

January 12, 2010
Tom Harton
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark downtown property.
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City's once-thriving stand-up comedy scene fades

January 9, 2010
Kathleen McLaughlin
Crackers' Broad Ripple and downtown locations are the only remaining comedy clubs in Indianapolis.
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Venue-management titans emerge as CIB front-runners

January 9, 2010
Peter Schnitzler
Experts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may be the favorite to run the city's sports and convention venues.
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The Flying Cupcake is among restaurants expanding as others contract

January 9, 2010
 IBJ Staff
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65, has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale House in Fishers
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Simon family fight breaks out over billionaire's fortune

January 8, 2010
Greg Andrews
Melvin Simon’s daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
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Jones Lang LaSalle lures top industrial broker from CTMT

January 8, 2010
Cory Schouten
One of the city's most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker to join Chicago-based Jones Lang LaSalle.
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Brokerage CTMT rebranding, dropping Tucker name

January 6, 2010
Cory Schouten
The city's largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker for the first time in more than 90 years.
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Steak n Shake slashes restaurant spending as CEO hoards cash

January 2, 2010
Cory Schouten
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment for existing ones. In 2009, the locally based chain spent just $5.8 million.
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Buckingham tapped to develop mixed-use project near IUPUI

January 2, 2010
 IBJ Staff
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
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Real estate lawsuit pits Situs vs. Situs

December 31, 2009
Peter Schnitzler
Texas real estate consultancy sues local brokerage over rights to name they both share.
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Location, personal touch drive tasting room growth

December 28, 2009
Andrea Muirragui Davis
Upland Brewing Co. and Chateau Thomas Winery are broadening their use of tasting rooms, opening outlets far from their production facilities in hopes of attracting new customers.
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Housing meltdown claims at least one homebuilder

December 26, 2009
Scott Olson
Two more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge of bankruptcy.
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NEWSMAKER: Mel Simon was shopping mall pioneer

December 26, 2009
Cory Schouten
Mel Simon, who died at 82 on Sept. 16, changed how America shops. He was chairman emeritus of locally based Simon Property Group Inc., the nation’s largest owner of retail real estate.
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Lauth Group leads slide in commercial real estate

December 26, 2009
Cory Schouten
The outlook for commercial real estate development continued to worsen in 2009, as one major name faltered and other companies scrambled to redesign their business models and capitalize on the carnage.
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Trustee chooses $20.5 million Buckingham plan for old YMCA

December 23, 2009
Cory Schouten
The Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns at 860 W. 10th St. near the IUPUI campus.
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Insurance company rejects Steak n Shake takeover bid

December 23, 2009
Cory Schouten
A small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a "hostile takeover attempt."
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Durham firm departing top floor of Chase Tower

December 23, 2009
Greg Andrews
Tim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real estate sources say.
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Cash-flush Finish Line likely to open new stores

December 23, 2009
Scott Olson
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and improving its online shopping hub.
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Finish Line profit exceeds analyst expectations

December 22, 2009
 IBJ Staff
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
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UPDATE: Steak n Shake turning away from core business

December 22, 2009
Cory Schouten
The Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a deal valued at almost $37 million.
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  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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