Lender suffers own painful loss after homeowner’s death
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Real Estate
Articles
Biglari’s comparisons to Buffett debated
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to
shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that
of the Oracle of Omaha.
Historic preservation group poised to expand role
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center
project.
Failed developer of French Lick casino sues Cook exec
Cook Group Chairman Steve Ferguson is target of complaint that charges he and others violated federal racketeering laws by
serving
on an entity that recommended a team that included Bill Cook to develop the French Lick Resort project.
Simon Property Group cranks up bid for General Growth
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
Local Scholars Inn sold, to reopen under new name
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will
lease the space
from the building’s owners.
Kite Realty Group slashes CEO’s pay 44 percent
John A. Kite’s total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
LEADING QUESTIONS: Real estate maven keeps even keel
In IBJ's new video feature offering management wisdom, Jeff Henry
of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
Cook promises Old Centrum work will be done by year-end
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at
12th Street
and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
Indiana Design Center lines up tenants
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
Report: Simon may drop General Growth bid
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
Area home sales, prices continue to improve
Sales agreements in the nine-county area rose last month by 10.6 percent, compared with the same month last year, while prices
jumped 12.1 percent.
Lilly sets date for move from Faris campus downtown
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
Historic Landmarks to announce move, name change
Historic Landmarks Foundation of Indiana is expected to announce Tuesday that it will move its headquarters to the Old Centrum
at 12th Street and Central Avenue in Indianapolis.
Simon mansion in Bel Air on market for $50M
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
INSIDE DISH: Harried chef at R bistro tries to keep it fresh
In IBJ's new video feature on front-burner business issues that vex restaurants, Regina Mehallick
of downtown's R bistro mulls the financial and personal demands of running a chef-owned eatery with a menu that changes
every week.
Steak n Shake unveils new restaurant prototype
The company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants.
CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
Financial backer agrees to drop suit against Lauth
Affiliates of Lauth’s largest financial backer, Inland American Real Estate Trust in Chicago, agree to dismiss their suit
against
the Indianapolis-based
developer, and also withdraw a request to have a Chapter 11 trustee appointed.
UPDATE: Steak n Shake shareholders OK name change
Steak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
Steak n Shake CEO woos investors in New York City
Steak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.