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Yats, Aldi and another steakhouse

Montana Mike’s, a Kansas-based steakhouse chain, hopes to claim Indianapolis as a lucrative new market. The chain wants to open in Greenwood first, said Madison Jobs, Montana Mike’s vice president of franchise…

Radio station unveils new format

Cumulus Indianapolis ended more than a month of mystery this morning, unveiling a new format for its WWFT-FM 93.9. Dubbed “Warm 93.9,” the radio station rolled out the soft-rock format at 9:39 a.m.; it had been playing Christmas music since November and spun techno tunes in the past week. Its first song this morning: “Every […]

Lafayette Square sale closes

A New York company has closed on its acquisition of Lafayette Square Mall and hired a management company to run the property. The new owner, Ashkenazy Acquisition Corp., plans to keep the 1.2 million-square-foot property as a regional mall and focus on filling vacant anchor spaces, since most of the smaller spaces are full, said […]

Troubled mall owner goes up for sale

A giant Australian shopping mall company with four Indianapolis properties has put itself up for sale after a buying spree of U.S. malls drove it into financial problems. Centro Properties Group said today it is “evaluating options” to secure its financial viability. The company has a deadline of Feb. 15 to refinance $3.4 billion in […]

Bingham McHale absorbs McTurnan & Turner

The Indianapolis law firm of Bingham McHale has merged with McTurnan & Turner, which specializes in litigation. Both are downtown in Market Tower. Ten attorneys and seven support staff from McTurnan & Turner will join Bingham McHale, the firms announced today. A Bingham McHale spokesman said the merger will add business litigation prowess to an […]

Lilly to cooperate with British investigation

Eli Lilly and Co. will hand over documents to a United Kingdom agency that is investigating whether it and two other drugmakers bribed the administration of former Iraqi dictator Saddam Hussein. The U.K.’s Serious Fraud Office has requested documents from locally based Lilly as well as from U.K.-based GlaxoSmithKline and AstraZeneca, according to a Bloomberg […]

Indy arts: The Ballard years

“…  Frankly, if it comes down to another piece of art or another cop on the street, that’s not a close call.”
So said Greg Ballard in a post-election interview with IBJ.

With Ballard now officially on the job as mayor of…

A&E: Lingering effects: The year’s best A&E

When I came on board as IBJ’s arts and entertainment editor back in May, I had no idea to what degree critical coverage of Indianapolis’ cultural offerings would be embraced by the publication and its readers. Well, I’m happy to report that the response has been terrific. And so, shortly after this weekly A&E column of reviews began appearing in IBJ, we launched a Thursday e-mail blast of previews and ticket giveaways (sign up for free at www.ibj.com/enews). That, too,…

Residential real estate market follows nation into slump

For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through
the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.

For city politics, back to the future: GOP returns without guarantees

The Republican party dominated city government here in the 1970s, ’80s and ’90s, and for much of that time it was assumed that the party’s lock on city hall was tamper-proof. Voters proved that theory wrong in 1999. Whether it was changing demographics or the fatigue that sets in when one party rules for too long, the public turned the mayor’s office over to Democrat Bart Peterson. Four years later, Peterson easily won re-election and the Democrats won the City-County…

Event planners revive venues: Oasis finds new use for eatery, spruces up Murat

When John Stowers was looking to move on from his job managing several nightclubs for an Indianapolisbased partnership in 2002, he and his wife, Patti, wanted to buy a bar he could run. In the process of venue shopping, they stumbled across a space for lease-The Terrace at Market Tower, a restaurant on the second floor of the office building at 10 W. Market St. Like other so-called amenity restaurants, The Terrace was more a perk for building tenants than…

FAMILY BUSINESS: Who will protect your family, business when you’re gone?

No one is immortal, of course. When you are no longer able to do so, who will preserve your business and protect your family as you do today? There are two interrelated aspects to this simple question: Who will manage the business and who will be trustee of any trusts you may create for your family? A critical element of family businesssuccession planning is the selection and training of the next generation of managers. Can more than one child serve…

250 retailers express interest in midfield terminal space

Retailers and restaurateurs have flooded Indianapolis International Airport with letters-of-interest for space in the midfield
terminal, which is scheduled to open in late 2008. The demand is “more than five times” the number of concession spaces available,
airport managers say.

Braly gains prestige–fast

At the beginning of 2007, few people outside WellPoint Inc. had even heard of Angela Braly. Nine months later, Fortune magazine
named her the fourth most powerful woman in business.

SPORTS: An open letter to Greg, er Hizzoner, Mayor Ballard:

Well, the day is here when you finally get the keys to the offices on the 25th floor of the City-County Building. Congratulations. I knew you had the election in the bag all the way. Yeah, right. Anyway, I’ve noticed you have formed a number of transition teams to bring you up to speed on the various forms and functions of citycounty government. Folks way smarter than I have provided reams of information that will provide you a road map…

Developers have new plans for corner

The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based
Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall
at Keystone.

EYE ON THE PIE: Tying up the loose ends of 2007

I prevailed on Evelyn Elkhorn to meet at the new Dunkin’ Donuts. “Doughnuts are both fattening and addictive,” she protested. “Doughnuts are delightful, and life should not be conducted as if its extension is its objective,” I insisted. She yielded, ordering a coffee and two over-sized doughnuts. As we found a convenient table, she asked, “What subject haven’t you covered this year that you wish you had?” That was a tough one. I am free to write what I wish….

Financial woes may keep Genesco purchase from crossing Finish Line

An acquisition that looked daring and bold when it was announced quickly blew up on Finish Line Inc. The Indianapolis retailer
agreed in June to buy Tennessee-based Genesco Inc.–parent of Journeys, Hat World and other mall chains–for $1.5 billion
in
cash.