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Real Estate & Retail
Steak n Shake’s value menu isn’t all that looks cheap
March 23, 2013
Greg AndrewsInvestors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
MoreSummit’s headquarters earns double LEED certification
March 23, 2013
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from
recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient
controls.
MoreCentre Properties puts 3 strip centers into Chapter 11
March 19, 2013
Scott OlsonThe Indianapolis developer said the bankruptcy filings are intended to prevent lender Bank of America from forcing the sale
of RiverPlace Shops in Fishers, Raceway Market Shops in Indianapolis and Greenwood Crossing in Greenwood.
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreWith TV business ‘forever changed,’ HHGregg retools
March 16, 2013
Greg AndrewsCEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
MoreAirport demolition bids come in way under budget
March 15, 2013
Kathleen McLaughlinTaking down the old passenger terminal at Indianapolis International Airport could cost half as much as anticipated. The airport
authority board voted Friday to approve all but one of the recommended contracts.
MoreIndy pet store raid finds hundreds of dead animals
March 15, 2013
Associated PressAnimal control officials who raided an Indianapolis pet store that failed an annual inspection say they found hundreds of
dead small animals as well as other creatures living in filthy tanks and cages.
MoreGerdt Furniture owners embroiled in $4M court fight
March 14, 2013
Scott OlsonA family dispute involving the owners of Gerdt Furniture & Interiors Inc. has led to a lawsuit accusing them of owing
nearly $4 million in unpaid rent and loans.
MoreArea home sales rose 8.1 percent in February
March 13, 2013
Purchase agreements for existing homes totaled 2,034 in February, up from 1,882 in the same month a year earlier, Indianapolis-based
real estate agency F.C. Tucker Co. Inc. reported.
MoreMonthly home-building permits still on the rise
March 13, 2013
Area home-building activity continues to improve as the number of single-family permits filed in February jumped 30 percent
from the same period last year.
MoreSimon differs from other mall owners on teen policy
March 13, 2013
Kathleen McLaughlinAs local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property
Group is standing by a corporate policy against restricting access to its properties.
MoreInvestor places first bet on Zionsville's Main Street
March 12, 2013
Tom HartonEric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term
lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
MoreBig Red acquires United Package Liquors
March 11, 2013
Scott OlsonBloomington-based Big Red Liquors is expanding into Indianapolis by acquiring the assets of United Package Liquors Inc. and
taking over operations of the chain’s 24 local stores.
MoreLand bank bill likely heading for study committee
March 11, 2013
Kathleen McLaughlinRep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing,
including Indiana’s tax-sale process.
MoreAnnexation request crimps Anderson land plan
March 11, 2013
Associated PressEfforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from
property owners who want to become part of the town of Lapel instead.
MoreKite Realty is makeover artist for tired shopping centers
March 9, 2013
Cory SchoutenHaving rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
MoreFourth-quarter 2012 commercial real estate statistics for Indianapolis
March 9, 2013
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
MoreBesides parking, garage could aid Broad Ripple
March 9, 2013
Scott OlsonSome are hoping the structure will lure more business to the neighborhood.
MoreCops to valets: Park cars, not traffic
March 9, 2013
Kathleen McLaughlinIndianapolis police are keeping an eye on downtown valets, whose habit of blocking traffic lanes has prompted complaints.
The Indianapolis Metropolitan Police Department issued a stern reminder to all valet operators on Jan. 31, the week after
the opening of The Alexander Hotel in CityWay at Delaware and South streets.
MoreCarmel puts 7-acre parcel up for grabs
March 9, 2013
Kathleen McLaughlinCarmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has
invested $4 million.
MoreSite swaps could clear the way for $43M Mass Ave project
March 9, 2013
Cory SchoutenCity officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire
Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and
retail redevelopment on Mass Ave.
MoreLawsuit over Simon's bonus may expose board's mindset
March 9, 2013
Greg AndrewsThe $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned
a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
MoreBallard plans new redevelopment effort for Market Square site
March 7, 2013
Dan Human, Kathleen McLaughlinMayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown
site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with
a major retail component.
MorePenske takes over Hertz car rental locations in Indiana
March 5, 2013
J.K. WallMichigan-based Penske Automotive Group Inc. has acquired 20 Hertz car rental outlets in Indiana and plans to add at least
five locations.
MoreHHGregg merchandising post turns over again
March 5, 2013
J.K. WallHHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics
retailer continues to struggle to overcome plummeting sales of televisions.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.