Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
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Fried chicken franchises, Argentine eatery call it quits
Five Popeyes restaurants in Indianapolis owned by one franchisee close down, as does downtown eatery Taste of Tango.
Indiana Supreme Court won’t hear Lee’s Inns dispute
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
Owners enjoy Melody Inn’s niche as well-worn music venue
Since Melody Inn owners Dave Brown and Rob Ondrish bought the 38th and Illinois streets mainstay in 2001, they figure more than 7,000 bands have played on the 18-inch-high stage tucked just inside their front door.
Church with rich history sues to shed ‘historic’ label
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
Union cancels Marsh vote planned for Friday
The local grocery workers union has pulled its request for an election at Marsh's supermarket in Beech Grove, saying recent events cast a pall over the vote that was scheduled for Friday.
Tower manager proposes 4th Artsgarden skywalk
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Defendant pleads guilty in $880M fraud case
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
U.S. retail sales increase for second straight month
Purchases increased 0.4 percent, following a 0.3-percent gain in July. Seventeen tax-free holidays in August probably drew more shoppers to malls, where discounts were deeper than those in July.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.
Canadian company buying 12 Crystal Flash stores
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
Indiana is a bigger Amish state than you think
How much longer until even Pennsylvania is eclipsed?
Williams Realty founder pleads the Fifth in Ponzi case
A former Indianapolis developer accused of luring more than a dozen Hoosiers into a $900 million Ponzi scheme invoked the Fifth Amendment more than 850 times when questioned under oath in Florida.
Simon, former executive settle fraud suit
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
As Sardar Biglari stirs controversy, Steak n Shake hums along
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
E-mail marketer ExactTarget taking more downtown space
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Yats owners pull out of upscale bar downtown
Two weeks after the soft launch of the long-awaited restaurant and bar on the first floor of The Ambassador apartment building downtown, Yats Restaurants has pulled out of the enterprise, leaving partner Tom Megenhardt to go it alone.
Area home sales still falling
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.