ICVA chief: Downtown Indianapolis will need another big hotel
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that
would rival it in size.
Real Estate
Articles
Law firm adds Old Northside mansion to its campus
The law firm Plews Shadley Racher & Braun LLP has spent more than $1 million to add the 1871 Eden-Talbott house to its
campus in the Old Northside Historic District.
CVS settles Indiana complaint over 2 pharmacists
Pharmacy giant CVS will pay $1.95 million and verify that all of its pharmacists are licensed in Indiana to settle a state
complaint that pharmacists with expired licenses dispensed prescriptions for several years at two of its drugstores.
Up for sale: Depression-era former post office in Franklin
The City of Franklin is offering two vacant buildings for sale, including the 1936 post office that served as Franklin’s City
Hall from the early 1980s until 2008.
Up for sale: Depression-era former post office in Franklin
The City of Franklin is offering two vacant buildings for sale, including the 1936 post office that served as Franklin’s City
Hall from the early 1980s until 2008.
Owners, developers see silver lining in health care real estate
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers
think it’s positioned to thrive.
UPDATE: Steak n Shake confirms new corporate HQ
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming
a story in IBJ‘s Feb. 8 print edition.
Roundup: People bakery replaces former dog bakery
Check out a roundup of restaurant and retail news, including a new bakery in Irvington, a replacement for a Starbucks in Indianapolis
and a new pizza joint in Franklin.
Indy turns architectural corner
A Ball State architect thinks Indianapolis residents will like what they see in the new J.W. Marriott hotel downtown and beat
drums for more interesting buildings.
UPDATE: Simon shares climb after profit beats estimates
The company raised its average rent per square foot at both regional malls and outlet centers even as U.S. consumer spending
flagged.
Underrated entrepreneurs
The Indianapolis area is home to myriad unsung entrepreneurs who run interesting companies, make money and create good jobs.
Here are some of them.
Simon Property’s quarterly profit tumbles
Quarterly revenue remained flat at about $1 billion, but profit fell 41 percent, from $196.4 million to $115.9 million.
Ex-Indiana player Leary arrested in fraud case
The 39-year-old Leary was being held Friday in the Monroe County Jail in Bloomington on charges out of Allen County.
Simon, partner selling European malls for $981M
Unibail-Rodamco SE, Europe’s biggest shopping-center owner, has agreed to pay Simon Property Group and Ivanhoe Cambridge Inc.
$981 million for stakes in seven malls in France and Poland.
Steak n Shake changing its name, moving HQ to Texas
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
Brizzi contributor Epperly no stranger to controversy
Harrison Epperly has made a fortune in his business career, but he’s also sparked controversy.
Prominent local car dealer Tom Wood dies
Indianapolis car dealer Tom Wood died Thursday morning after battling lung cancer. Wood grew his business from a single dealership
he purchased in 1967.
City lists former Winona Hospital for sale
Indianapolis’ Metropolitan Development Commission sets $667,500 minimum price for the long-vacant property at Meridian and
32nd Streets.
Movie Gallery files second bankruptcy in two years
The second-largest company in the movie-rental business behind Blockbuster Inc. is immediately closing 760 locations. The
chain operates 14 stores in central Indiana,
according to its Web site.
HHGregg’s profit, sales rise
HHGregg’s profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store
sales. The opening of 19 stores helped offset the decrease.