Developer George Broadbent sued for $9M by widow of co-founder
Avis Skinner alleges Broadbent isn’t making the payments he committed to when he bought out her husband's real estate
interests in 2006.
Real Estate
Articles
Biglari invests $41M in Steak n Shake parent over 2 months
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He
now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
Thirst rises for liquor licenses in Marion County
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion
County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the
owner has to find someone willing to transfer an existing license.
Delta Faucet adaps to new normal in homebuilding
The company's total employment is 1,345, down 43 percent from 2007.
INSIDE DISH: Hollyhock Hill sticks with recipe for nostalgia
The country-cuisine icon has survived several recessions and dozens of food fads. Owner Jay Snyder is
staying the course, while looking ahead to his exit.
Indianapolis office vacancy rates still rising
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.
Study calls for restricting development in Indy area
Prime farmland is disappearing fast, Indiana University researcher warns.
$69M U.S. Courthouse modernization a boon for local firms
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S.
Courthouse in the state's largest individual project funded by the federal stimulus.
$69M in upgrades planned for Bayh Federal Building
Government officials and construction contractors today unveiled several planned upgrades for the Birch Bayh Federal Building
and U.S. Courthouse downtown. The $69.3-million project is slated for
completion by August 2012.
Group tries to turn Sunday booze ban into July 4 fireworks
An alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to
drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
Trustee asks for Hansen & Horn bankruptcy to be dismissed
Beleaguered home builder doesn’t appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
Group fights to save Ernie Pyle’s boyhood home
Budget cuts and low attendance prompted the Indiana Department of Natural Resources to announce in December that it intended
to close the historic site.
Finish Line quarterly revenue up 10 percent
Indianapolis-based athletic shoe store chain The Finish Line Inc. said Thursday it recorded a profit in its fiscal first quarter
as its revenue rose more than 10 percent.
Subcontractors come to Estridge’s aid with $10M investment
Estridge Cos.’ subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
Flea market to take over south-side bowling alley
City Flea Market has filed plans to take 15,000
square feet in the former Sport Bowl, a south-side institution for 67 years that closed in May 2008.
BP disaster casts shadow over Hoosier enterprises
BP franchisee Ricker Oil and Conner Prairie, whose balloon ride is emblazoned with the company logo, find themselves awkwardly
linked to the disastrous Gulf oil spill.
illainous image.
Greenwood mobile home park sold to Illinois firm
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
INSIDE DISH: Goose the Market laying golden eggs
Envisioned by Christopher Eley as a one-man butcher shop, Goose has
grown in three years to a 12-person operation trending for $1 million in sales.
Fort Ben home, condos fail to sell at auction
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
RUBENSTEIN: New law may put limits on residential seller financing
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.