Plans emerge for vacant former Value City store
Two local entrepreneurs have partnered to develop a new conference and event center in the former Value City department store
near Lafayette Square Mall.
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Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Haunted houses avoid recessionary letdown because they offer escape
Even in bad times
people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions
rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld
Inc.
Bankruptcies, store closings help Halloween shops scare up space
Like zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
Opportunists hunt deals in commercial real estate
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
New not-for-profit coffee shop in Fletcher Place will raise money for charities
The new coffee shop named for Calvin Fletcher, one of the city’s first lawyers, will give money to groups such as Second Helpings.
Ball State to offer new degree at downtown Indianapolis campus
The master of urban planning degree offered downtown will use the city as an urban laboratory.
Yats opening new concept near Central Library
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the
Central Library.
Landmarks Foundation president is living with history
As president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
Water bottler buys Plainfield distribution building
A California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
Panel rejects major alcohol sale proposals for state
An Indiana legislative committee recommends carryout sales of alcohol remain banned on Sundays, and liquor stores stay the
only place to buy cold beer.
Fewer home-building permits signal weakness ahead
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
New coffee shop named for Fletcher Place founder
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for
local charities.
Law firm sticks with unconventional space
With its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm
Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
Second developer facing foreclosure on Fishers property
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project’s development has been scheduled for liquidation by a lender.
Area building permits fall for 23rd straight month
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
First-time buyer tax credit isn’t moving pricier homes
The incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
Northeast-side CVS gets nod
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
Virginia homebuilder enters market
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
Duke Realty to unload local land holdings at auction
The locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.