Retailers today posted sales declines for August as shoppers held back on back-to-school purchases and continued to focus
on necessities, but overall results came in ahead of analyst predictions.
Architects, engineers, contractors and others in the design-build industry hope building information modeling will cut waste.
The technology allows more detailed viewing of projects before they move to construction.
The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high
demand for one-bedroom units.
The CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based
real estate firm’s common stock.
Indiana Lt. Gov. Becky Skillman plans to announce the first awards of $164 million in federal stimulus money to build low-
and moderate-income housing across the state.
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Steak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
Evansville-based Shoe Carnival Inc. today reported flat profit and declining same-stores sales in its fiscal second quarter.
Ivy Tech Community College plans to save the facade of a historic former hospital along Fall Creek Parkway and build a new
150,000-square-foot academic building behind it.
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
Restaurateur Paul Murzyn has signed a lease for the 8,700-square-foot, first-floor
space at 201 S. Meridian St., a historic building with luxury condos upstairs.
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast
corner of 86th Street and Township Line Road.
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Business partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
Home-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according
to a report released yesterday by F.C. Tucker Co.
Kmart Corp. has notified the Indiana Department of Workforce Development that its Martinsville store will close Nov. 30, costing
48 employees their jobs.
The Steak n Shake Co. said it plans to acquire the Western Sizzlin restaurant chain in a deal valued at $23 million.
