Cracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board, but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
A Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche Diagnostics in March 2008.
The private school recently bought the 5.7 acres north of its campus that Dr. Bill Nunery, a local ophthalmologist, had planned to develop into an upscale residential enclave known as Grace Hill.
The city is soliciting bids from companies to tear down four buildings on the 16-acre Avanti Development Corp. property, which is tucked in a residential area a few miles west of downtown Indianapolis.
In the nine-county metropolitan area, the number of home-construction permits filed last month dropped to 225, a 13-percent decrease from the same month in 2010.
Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
Jerry Throgmartin, 57, died Jan. 22, 2012, at the age of 57. His family said he died from complications of meningitis—an infection that leads to inflammation of the membranes covering the brain and spinal cord.
Sarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway’s new Main Street to house her race team. Construction on the 37,000-square-foot shop could start in February and be finished in September.
A coalition of convenience and grocery stores said Wednesday that they will renew their push for Sunday carry-out alcohol sales and cold sales of beer, but with a twist.
A grand jury in South Bend has returned a 14-count criminal indictment against Indianapolis real estate broker John M. Bales and two associates over a state lease deal in Elkhart that was first revealed as part of an IBJ investigation.
The controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
Check out some new renderings of the 26-story apartment tower proposed for along Ninth Street between Senate Avenue and the Central Canal.
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and East 38th Street.
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
The 7.2-percent increase last month in Indianapolis home-sale agreements marks the seventh straight month of year-over-year increases, according to a report from F.C. Tucker Co.
Hoosier Lottery officials have started getting rid of some office and gym equipment that was purchased for the agency's $2 million move to a new downtown Indianapolis headquarters.
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
