Biglari’s revised incentive package approved by shareholders
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings’ shareholders approved a scaled-back bonus agreement for their CEO.
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Roundup: Jockamo, Red Habanero, Black Market, Candy Bouquet & more
Several new restaurants and stores are coming to Indianapolis just in time for the holiday rush.
Fresh rendering: $7.6M senior apartments and retail
Keystone Construction plans to break ground next week on a $7.6 million senior apartment building at 10th Street and Keystone Avenue.
City’s Conrad hotel investment starts to pay off for taxpayers
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
McOuat: Before and after
Check out the progress on the McOuat Building after a five-month exterior renovation.
Kite Realty improves third-quarter results
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
Marsh rolls out new name at certain stores
The name change could be part of a strategy to rebrand Hometown Markets and make them more appealing for an eventual sale.
Part of City Market renovation project put on hold
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
Rock Bottom Brewery tries to hang onto downtown lease
Downtown landlord John Goodman has rejected Rock Bottom Brewery’s attempt to renew its lease for five more years. The restaurant has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
Judge: Bren Simon can take some distributions from estate
A Hamilton County judge will allow Bren Simon to take about $3.3 million per year of the estimated $43 million in annual dividend and interest income from her late husband's estate.
Election Board agrees to lease former Marsh store
The Marion County Election Board has agreed to lease about 41,000 square feet in a former Marsh store along East Washington Street for an election services center.
Anderson makes headway in disposing of former GM sites
The city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have been in its possession since 2006.
Di Rimini violations reveal holes in process that relies on trust
Brazen violations of city design guidelines and state building codes by the developer of the Di Rimini apartments cast a spotlight on what is essentially an honor system of regulation for developers once they win approval for their projects.
Downtown apartment developers take divergent paths to financing
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
Plans for Kroger-anchored center in west Carmel fall through
The grocer might reconsider the Altum Garden’s site if economic variables change.
Don Marsh, grocery chain he led no closer to making peace
Time has done nothing to settle a dispute between the former executive and the private equity firm that bought his family’s business. They are gearing up for an October 2011 trial.
PROXY CORNER: The Finish Line Inc.
The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.
Duke Realty improves third-quarter performance
Duke Realty Corp. had its best leasing quarter in three years and boosted overall occupancy to nearly 90 percent, helping the company post a profit for the fiscal period ended Sept. 30.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.