Shareholders of Steak n Shake’s parent wrapping up brutally bad year
The value of Biglari Holdings shares have slid since the company at Sardar Biglari's behest adopted a dual-class stock structure in May.
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Scotty’s Brewhouse to close four locations as part of bankruptcy
The parent of Scotty’s Brewhouse filed for Chapter 11 bankruptcy protection late Tuesday in Indianapolis. It plans to shut down four of its 17 locations, including two local restaurants.
Toronto firm adds to Indianapolis holdings with two apartment acquisitions
Emma Capital Investments Inc., which entered the Indianapolis market earlier this year, has acquired apartment complexes on the city’s north and northeast sides totaling 496 units.
Broad Ripple nursery owner says nearby redevelopment played role in closure
Weaver’s Lawn & Garden recently closed after 57 years in business. The property owner said he is considering his options for the land.
Christmas tree farmers combat popularity of artificial trees
Between 75 percent and 80 percent of Americans who have a Christmas tree now have an artificial one, and the $1 billion market for fake trees is growing at about 4 percent a year.
Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Genesco still seeking buyer for Lids amid declining sales
Tennessee-based parent Genesco says it is still optimistic it can sell its Lids unit, while acknowledging it has taken longer than expected to find a buyer for the headwear retailer.
Indy-based Delco Foods plans expansion into Whitestown, 132 jobs
The specialty and Italian food distributor plans to spend more than $5 million to open a cheese-processing, printing and warehouse facility near Interstate 65.
Sears’ biggest shareholder bids $4.6B for rest of bankrupt chain
Eddie Lampert took his first step toward rescuing Sears Holdings Corp. from bankruptcy with a $4.6 billion bid that would keep hundreds of stores open and preserve about 50,000 jobs.
Memory Bank: The 1947 mayor’s race
In this photo, taken April 12, 1947, girls are carrying “Wemmer for Mayor” balloons supporting Republican William Wemmer as they walk down the 100 block of West Washington Street.
Chatham Arch residential project set to move forward after legal battle
The Indiana Supreme Court declined to consider a case that was delaying the proposed redevelopment of the 800 block of North East Street. The project includes more than 50 condominiums, retail space, townhouses and single-family homes.
After years of effort, 16 Tech innovation district finally starting construction
Developers of 16 Tech—a consortium of offices, laboratories, housing and retail space—believe the campus will become a powerful economic engine by fostering collaboration and innovation.
North-side office buildings sell for $17M
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
Hamilton County asks state police to probe late-fee claims in lawsuit
The Hamilton County Commissioners have asked state police to investigate claims that the treasurer’s office dodged fees for family members who made late property tax payments after a former employee filed a lawsuit alleging the practice.
Browning plans $157M mixed-use development in downtown Fishers
The project is slated for the north and south sides of 116th Street and will include residential, retail, a high-end boutique hotel and a six-story office building.
Neighbors of Mile Square apartment project satisfied with bigger, reconfigured plans
The proposed development at 421 N. Pennsylvania St. has undergone extensive changes since this spring, including rising from seven to 11 stories.
Greenwood-based One Click Ventures acquired by eyewear heavyweight
Randy Stocklin, who founded the company with his wife, Angie Stocklin, will remain with the company.
Landlord suing Mo’s Irish Pub for $100K in rent, liquor permit
Hamilton Town Center claims that the operator of the now-closed Irish-themed restaurant has reneged on an agreement to sell the valuable liquor, wine and beer permit back to the landlord.
City poised to offer $1.6M to acquire troubled Oaktree Apartments
The abandoned, 336-unit complex “presents considerable safety and security challenges” for its surrounding neighborhood, according to the city.
Local apartment brokerage Tikijian Associates bought by Cushman & Wakefield
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.