One of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business based in Indianapolis. Kansas City, Mo.-based NovaStar Financial Inc. last year paid $750,000 in cash and a portion of future profits to acquire control of Indianapolis-based PipeFire LLC and rename the business StreetLinks National Appraisal […]
The Salvation Army is rethinking a request to demolish an historic home it owns next to its headquarters at Michigan and Alabama streets. The not-for-profit…
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
Finish Line is rebranding its Man Alive stores as Decibel stores.
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]
The Finish Line Inc. is preparing to unveil a new concept called Decibel that eventually could replace its struggling Man Alive franchise. The locally based retailer plans to rebrand four Man Alive stores, including one at Castleton Square Mall, for an April launch. It also will rework the product mix in four other stores that […]
The new owners of the Hamaker Building at 49th and Pennsylvania streets are planning to spend more than $500,000 to repair the facade, add new landscaping and give the 1920s building new…
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
A Florida firm is suing to overturn Indiana’s resident-ownership law regarding liquor.
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
Simon Property Group Inc. CEO David Simon hasn’t lost his swagger in the ugliest retail environment of his career. During a conference call with Wall Street analysts Jan. 30, Simon touted his fi rm’s conservative balance sheet and best-in-class mall portfolio. Responding to a question about how the company is handling retail store closings, he […]
The nation’s largest liquor distributor is suing the state in hopes of overturning an arcane law that requires distributors doing business here to be owned by Indiana residents. Southern Wine & Spirits of Indiana Inc., part of a Miami-based company that does business in 30 states and distributes about 20 percent of the country’s booze, […]
The Nature Conservancy is finalizing plans for its new $4.4-million headquarters at 620 E. Ohio St. downtown. The not-for-profit group is planning a two-story, 20,000-square-foot…
Check out this rendering of plans for the vacant northeast corner of 22nd and Delaware streets. The two-story project would be built to…
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
Real estate holdings of the nonbank-branch variety are growing fast on bank balance sheets.
The unfinished eight-story luxury condo building at 707 E. North St. is on track to get a reluctant new owner: Cincinnati-based Fifth Third Bancorp. The stalled Beilouny Luxury Properties development near Massachusetts Avenue could join dozens of properties-from undeveloped residential lots to half-vacant office buildings-to land on the books of banks during one of the […]
It isn’t easy being a retail CEO in a deep recession. Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices. But the home-grown retailer has at least one major advantage: Lyon, the ‘s president, […]
The National Basketball Association got an assist from an Indianapolis sponsorship consultancy, who oddly, works solely in the motorsports realm.
NBA officials recently decided to loosen its rules on hard liquor sponsorships, to allow…
Despite today’s announcement that Rahal Letterman Racing—the team that gave Danica Patrick her start—is leaving the Indy Racing League, series officials are still “bullish” on next season.
“Bobby Rahal and Dave Letterman have been good…
