New rules rile Steak n Shake franchisees
Franchise owners of Steak n Shake restaurants are revolting against parent company Biglari Holdings Inc. just as the chain plans a nationwide expansion fueled by franchising.
Cory Schouten
Articles
Indians adding dining option to Victory Field
The Indianapolis Indians have torn out about 400 seats in Victory Field’s left flank to make way for Captain Morgan Cove—an open-air restaurant and bar that will feature a menu separate from other stadium offerings and table service for up to 120 fans.
Classic roadside diner finds new home at Angie’s List
There's a new landmark at the Angie's List campus just east of downtown: A restored 1937 diner.
Restaurant roundup: Potbelly, The Sweet Life, Bebop Pizza, 10-01
Several new restaurants including new local names and popular chains are slated to open soon in central Indiana.
Coupon site targets lunch-pail crowd
Robert Baer and Joel Curts spent five months and almost $15,000—mostly on programming their own coupon platform—to launch DailyLunchDeal.com, a coupon site focused solely on dining.
Duke Realty reports strong year-end results
Duke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
Bren Simon fires attorneys in estate dispute, appeals ruling
Bren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom setbacks in Hamilton County.
Historic Chadwick building coming down after fire
Workers are tearing down what’s left of an historic downtown apartment building after a two-alarm fire this morning.
Legislation seeks RFP option for selling state land
The bill would allow the Indiana Department of Administration to sell real estate using a request for proposals, in addition to existing options for competitive bids or an auction.
NAI Olympia vets join brokerage startup Alliance
If Alliance grows as fast as projected, it could break into the city’s top-10 largest commercial real estate brokerage companies for 2011, based on IBJ’s Book of Lists.
New dining on the way for 82nd Street: Harry & Izzy’s, MacKenzie River Pizza Co.
Two new restaurants are in the works for a prime stretch of 82nd Street between Fashion Mall at Keystone and Castleton Square Mall: MacKenzie River Pizza Company and a new location for downtown favorite Harry & Izzy’s.
WellPoint headquarters snags $42M
Massachusetts-based Franklin Street Properties acquired the Monument Circle headquarters of insurance giant WellPoint Inc. late in 2010 for $42 million—a rich $196 per square foot—from an affiliate of locally based HDG Mansur.
Lender tries to sell note for Legacy at big loss
The lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price of about $15 million—less than half what lenders have sunk into the project.
Brizzi filed for OmniSource forfeiture
Former Marion County Prosecutor Carl Brizzi blasted metal-recycling giant OmniSource in a court filing in his last week in office, asking a judge to force the company to forfeit all five of its Indianapolis scrap yards and a foundry facility in Hendricks County.
Not much optimism in commercial real estate outlook
Another challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
First Indiana Lego store planned for Castleton Square
Great news for Lego fans of all ages: The privately held Danish company known for its toy construction sets is planning its first Indiana store, at Castleton Square Mall.
California Pizza Kitchen to replace Alcatraz & more
California Pizza Kitchen plans to replace Alcatraz Brewing Co. on the first floor of Circle Centre mall. Alcatraz has occupied the space at the southeast corner of Illinois and Maryland streets since the mall opened in 1995. The Los Angeles-based chain does not currently have any restaurants in Indiana.
Former Prosecutor Brizzi seeking forfeiture of OmniSource scrap yards
Former Marion County Prosecutor Carl Brizzi lashed out at metal-recycling giant OmniSource in his last week in office, asking a judge to force the company to forfeit all five of its Marion County scrap yards and a foundry facility in Hendricks County.
Real estate brokers scrambling for national partnerships
Top commercial real estate firms have been playing a name game of late, picking up or dropping national affiliations in a broad realignment of the city’s brokerage business.
Marion, Ind., chain balloons to 620 mobile-phone stores
The chain’s growth got a boost last year when it landed a deal to operate 164 cellular shops inside HHGregg stores.