Real Estate & Retail

Shelbyville struggles to reach tech park goalsRestricted Content

August 29, 2009
Kathleen McLaughlin
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state standards as it was two years ago.
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Kahn's wine emporium plans store on 86th Street

August 29, 2009
 IBJ Staff
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast corner of 86th Street and Township Line Road.
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Noble Roman's wins latest round in fight with franchiseesRestricted Content

August 29, 2009
Cory Schouten
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against the chain after a Hamilton County judge tossed their old lawyer.
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Bloomington's Kilroy's opening downtown Indianapolis outpost

August 29, 2009
Cory Schouten
Restaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor space at 201 S. Meridian St., a historic building with luxury condos upstairs.
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Local contractor Enterprise acquires Freije

August 28, 2009
 IBJ Staff
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that specializes in refrigeration-systems design, installation and service.
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Local high-end home sales in deep slump

August 28, 2009
Scott Olson
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan Indianapolis Board of Realtors.
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Steak n Shake chief snaps up more shares

August 27, 2009
Cory Schouten
Steak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
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Shoe Carnival's profit flat in second quarter

August 27, 2009
 IBJ Staff
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
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Ivy Tech saving facade for classroom building

August 27, 2009
Cory Schouten
Ivy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new 150,000-square-foot academic building behind it.
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Daytime-only eatery eyeing Indianapolis

August 24, 2009
Scott Olson
The Bradenton, Fla.-based First Watch restaurant chain is scoping Indianapolis for franchisees to open as many as a half-dozen restaurants, a company spokesman said today.
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Biglari consolidates power, as Steak n Shake reboundsRestricted Content

August 24, 2009
Greg Andrews
The Texas investor running the chain doesn't seem like such a champion of transparency these days.

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Handmade chocolates shop opens location in Chase Tower

August 24, 2009
 IBJ Staff
Best Chocolate in Town is expanding beyond its original store on Massachusetts Ave.
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Affordable housing developers struggle as key funding source disappearsRestricted Content

August 24, 2009
Kathleen McLaughlin
Affordable housing developers nationwide are facing a drastically weaker market for tax credits.
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IT consultant Apparatus buying WFYI building

August 20, 2009
 IBJ Staff
Locally based information technology consultant Apparatus has agreed to buy the former WFYI building at 1401 N. Meridian St. for a new headquarters.
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Site visit lifts county's hopes for landing Harley

August 20, 2009
 IBJ Staff
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development prize.
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BREAKING: Jury finds Premier's White guilty

August 18, 2009
Cory Schouten
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
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Developer's fraud trial enters second day

August 18, 2009
Cory Schouten
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000 last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
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Northwest-side theater closes after 25 years of operation

August 17, 2009
 IBJ Staff
Locally based Sandor Development Co. is looking for a new tenant for the old AMC Loews College Park 14 movie theater, after the screens went dark for good in July after a 25-year run at West 86th Street and Michigan Road.
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Lauth Group's collapse offers a lesson in hubrisRestricted Content

August 17, 2009
Greg Andrews
Since key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it were an act of God.
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Two more bars go smoke-free

August 17, 2009
 IBJ Staff
Gregs and the Talbott Street Nightclub, two prominent bars that cater to gay and lesbian crowds, went smoke-free Aug. 1.
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Loan defaults could cost David Marsh his Geist homeRestricted Content

August 17, 2009
Cory Schouten
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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Glut of downtown office space grows

August 17, 2009
Cory Schouten
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire four-building Faris campus.

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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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JOSEPH: Don't repeat Marsh's mistakeRestricted Content

August 17, 2009
Marsh Supermarkets quickly realized it could not honor the flood of redemptions of the $10 coupon it recently offered to its Facebook friends.

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Deal returns Steak n Shake to steakhouse biz

August 13, 2009
Greg Andrews
The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade ago.
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