INSIDE DISH: Ambrosia’s Pizzi hits learning curve
Local restaurateur Gino Pizzi refocuses his new downtown locale after unexpected challenges, including higher costs
and lackluster lunch business.
Real Estate
Articles
Habitat foreclosures on rise
So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year’s foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
Upcoming ICSC convention will offer insight into growth plans for retailers
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
Dora Hotels takes over management of DePauw’s Walden Inn
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
Bazbeaux moving to 3Mass
Homegrown chain Bazbeaux Pizza has inked a deal to take 4,700 square feet in 3Mass, moving to the first floor of the upscale
condo building from its current home across the street.
Evans: Health care real estate is evolving
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller,
denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants;
and nursing homes with a strong relationship with a hospital.
New home construction rises, but permits sink
A drop in building permits, a gauge of future activity, along with the expiration of a government tax credit for home purchases
suggest the construction gains could fade soon.
New monthly event aims to recruit downtown residents
Indianapolis Downtown Inc. is launching a new monthly event to encourage more people to live downtown just as real estate
brokers say interest in available homes is picking up.
Prosecutor drops arson charges in Cosmopolitan fire
Homeless man Brandon Burns had been accused of setting the massive blaze.
Chatham Tap owners ink deal for Fionn MacCool’s space
The owners of the popular Chatham Tap on Mass Ave have agreed to lease the 4,200-square-foot former home of Fionn MacCool's
on 116th Street in Fishers.
INSIDE DISH: Real estate deals central to success for Santorini
Shrewd moves have allowed restauranteur Taki Sawi to cement Santorini Greek Kitchen in Fountain Square and pave the
way for future expansion.
Simon biding its time after failed bid for rival
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.
Resurgent Finish Line eyes plan for cash hoard
Finish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store
chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases,
and diversify its business.
Unorthodox pay package puts Biglari on defensive
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
Lender lawsuits seek millions from Broadbent owner
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted
on loans and owes more than $2.6 million.
FBI combs through records on Brizzi deals
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor
Carl Brizzi and defense attorney Paul Page.
Ritter’s buyer embarking on custard chain turnaround
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt
to grow the Ritter’s chain to 100 locations within five years.
Shoe Carnival bumps up forecast after sales increase
Shoe Carnival Inc.'s first-quarter sales grew more than 13 percent, to $189.5 million.
Resource lands Colliers affiliation
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective
immediately, the company said.