Steak n Shake acquiring Western Sizzlin
The Steak n Shake Co. said it plans to acquire the Western Sizzlin restaurant chain in a deal valued at $23 million.
Cory Schouten
Articles
Developer’s fraud trial enters second day
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
BREAKING: Jury finds Premier’s White guilty
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
Kahn’s taking former O’Malia store
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.
Jack in the Box eyes 16th & Meridian
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said. The San Diego-based chain has more than 2,000 locations in […]
Jack eyes 16th & Meridian
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said.
Democrats eager to face Ballard
Several prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first
term.
More chocolate, fewer newsstands
Sweets retailer Best Chocolate in Town has opened a second location in Chase Tower. Owner Elizabeth Garber has developed quite a following for her shop at 880 Massachusetts Ave. and now is offering a full selection of hand-made chocolates on the 2nd floor of Chase Tower with Bistro 111.
Plans emerge for old Winona
A few weeks back, IBJ reported on early proposals for the vacant former Winona Memorial Hospital. The five-story property
is saddled with about $2 million in unpaid taxes and soon will become public property. So far, two groups have stepped up
with ideas…
Glut of downtown office space grows
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
Loan defaults could cost David Marsh his Geist home
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
Deal to save winged canopy
A compromise between an historic preservation group and a local business owner will save an iconic “bat-wing” canopy outside a downtown gas station.
College Park theater closes
The AMC Loews College Park 14 movie theater has closed after a 25-year run at West 86th Street and Michigan Road. The outdated theater in the Walmart-anchored complex couldn’t compete with Showplace 12 at Traders Point, which opened a few years ago
Fountain Square getting cabaret
A new cabaret is planned for a one-story historic building at 1116 E. Prospect St. in Fountain Square. White Rabbit Cabaret will provide live entertainment (not adult-oriented), food and beverage service, performing arts classes, rehearsal space, workshops and special events
UPDATE: Simon rents, occupancy buck shopping decline
Sales still are suffering at shopping centers owned by Simon Property Group Inc., but the Indianapolis-based
mall giant managed in the second quarter to keep occupancy steady and eke out an increase in average rent rates.
Simon reports loss amid tough retail conditions
Indianapolis shopping mall giant Simon Property Group Inc. today said it lost $20.8 million in
the second quarter in what it called a “difficult retail environment.”
Co-op grocery plans take shape
Indy Food Cooperative plans to open the city’s first not-for-profit grocery store in a 70-year-old former appliance store along East 10th…
Plans emerge for Winona Hospital redevelopment
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
Downturn provides opportunity for restaurants hungry for expansion
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up
by chains.
City wins in digital billboard bout
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary…