Lender lawsuits seek millions from Broadbent owner
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted
on loans and owes more than $2.6 million.
Real Estate
Articles
FBI combs through records on Brizzi deals
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor
Carl Brizzi and defense attorney Paul Page.
Ritter’s buyer embarking on custard chain turnaround
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt
to grow the Ritter’s chain to 100 locations within five years.
Shoe Carnival bumps up forecast after sales increase
Shoe Carnival Inc.'s first-quarter sales grew more than 13 percent, to $189.5 million.
Resource lands Colliers affiliation
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective
immediately, the company said.
Tax credits help boost April home sales in central Indiana
Home-sale agreements surged 33.8 percent in the Indianapolis area in April as buyers rushed to beat the deadline for federal
tax incentives.
Apartment sellers testing market again
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
Simon shares surge despite failed General Growth deal
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
Cabela’s revs up expansion, but leaves Greenwood off list
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
Bren Simon lashes out over ‘wrongfully removed’ medical log
Widow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical
log and unlawfully
turned it over to attorneys representing one of Simon's children from a previous marriage.
Simon withdraws bid for General Growth
Indianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
General Growth still backing Brookfield despite new Simon bid
General Growth Properties Inc. rejected Simon Property Group Inc.’s “best and final” offer.
Mass Ave project adds garage, wins approval
Work could begin this fall on $10 million Trail Side complex.
INSIDE DISH: Brugge Brasserie brews plans for expansion
The
Broad Ripple-based brewpub's owners bet its Belgian beer and vittles will go over just as well outside Indy. But first
they need $1 million from an investor, in part to streamline brewing.
Noble Roman’s reports lower profit, revenue
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Simon Property makes ‘final’ General Growth offer
Simon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.
Stone Creek owner adding to his dining empire
Mike Cunningham has run dining spots ranging from a bar and grill to yogurt stands and is now growing a popular chain of upscale
restaurants—primarily under the Stone Creek Dining Co. name—in Indiana and Ohio.
Sahm’s to open tavern in downtown Indianapolis
The bar and restaurant will take about 3,600 square feet in the building, which has OneAmerica and ExactTarget as its anchor
office tenants.
April retail reports add up to respectable spring
Consumers took a breather in April after a strong March boosted by an early Easter. Overall, though, most retailers are likely
to be pleased with the spring selling season, analysts say.
Lender wants Hansen & Horn receivership terminated
Salin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.