Real Estate & Retail

Ex-Lauth executive: 'Every day is a struggle' after a year of unemploymentRestricted Content

September 12, 2009
Cory Schouten
Michael Hartman earned a six-figure salary as a vice president at Lauth Group Inc. until he was laid off in early 2008. Since then, he’s struggled to find a job—any job that would allow his family to stay in their Westfield home.
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Flush with cash, developer Simon revives hunt for acquisitionsRestricted Content

September 12, 2009
Greg Andrews
Simon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed acquisitions.
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Latin market and tapas bar opening in Fishers

September 12, 2009
 IBJ Staff
The new market, which will also offer catering services, is in a strip center owned by locally based Centre Properties and anchored by Beauty Brands and Panera.
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Music Mill to reopen again under new owner

September 11, 2009
Jeff Newman, Scott Olson
The Music Mill, a local concert venue, restaurant and bar that has been closed down twice this year by different operators, has new life. Local entrepreneur Ravi Chopra, 44, who owns the 6 Lounge & Restaurant downtown, announced last night that he has purchased the Music Mill and plans to reopen it Oct. 12.
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Area home-sale agreements level off, prices still falling

September 10, 2009
 IBJ Staff
The housing slump may be weakening in the nine-county Indianapolis area, if a report released today by F.C. Tucker Co. is any indication.
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HHGregg promotes three executives

September 9, 2009
 IBJ Staff
Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including the appointment of a new chief financial officer.
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Soft sales plague furniture retailers

September 5, 2009
Cory Schouten
Furniture is one of the easiest big-ticket purchases for consumers to defer when money is tight. Couple that with a housing bust that left demand for new couches on the curb, and tight credit markets that continue to prevent retailers from financing customers without perfect credit, and you’ve got the worst market for furniture since the Great Depression.
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Building information modeling replacing computer-aided designRestricted Content

September 5, 2009
Scott Olson
Architects, engineers, contractors and others in the design-build industry hope building information modeling will cut waste. The technology allows more detailed viewing of projects before they move to construction.
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Developer Lauth's bankrupt units win round in courtRestricted Content

September 5, 2009
Cory Schouten
Lauth Group Inc. in recent weeks has won critical courtroom victories that likely will allow company principals to retain control of three subsidiaries in Chapter 11 bankruptcy.
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Sidewalk inspections help downtown get spiffed up for big eventsRestricted Content

September 5, 2009
Marc D. Allan
They used to say that downtown Indianapolis rolled up the sidewalks at 6 p.m. No one says that anymore. Now they say those sidewalks need to be clean. Sidewalk cleanliness is important on a day-to-day basis for aesthetic reasons, but even more so when Indianapolis wants to put on its best face for major events like the Final Four, the Indianapolis 500 and the Super Bowl.
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Downtown apartment complex expanding

September 5, 2009
 IBJ Staff
The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom units.
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Kite Realty Trust CEO unloads $467K in company stock

August 31, 2009
Cory Schouten
The CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based real estate firm’s common stock.
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HHGregg, other retailers await stimulus joltRestricted Content

August 29, 2009
Cory Schouten
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering rebates on energy-efficient washers, refrigerators and air conditioners.
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Real estate firm launches in rough watersRestricted Content

August 29, 2009
Kim Puckett
Business partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
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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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