Simon mansion in Bel Air on market for $50M
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
Real Estate
Articles
INSIDE DISH: Harried chef at R bistro tries to keep it fresh
In IBJ's new video feature on front-burner business issues that vex restaurants, Regina Mehallick
of downtown's R bistro mulls the financial and personal demands of running a chef-owned eatery with a menu that changes
every week.
Steak n Shake unveils new restaurant prototype
The company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants.
CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
Financial backer agrees to drop suit against Lauth
Affiliates of Lauth’s largest financial backer, Inland American Real Estate Trust in Chicago, agree to dismiss their suit
against
the Indianapolis-based
developer, and also withdraw a request to have a Chapter 11 trustee appointed.
UPDATE: Steak n Shake shareholders OK name change
Steak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
Steak n Shake CEO woos investors in New York City
Steak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
City’s No. 2 real estate agency changes brands
Century 21 Realty Group is now Prudential Indiana Realty Group, affecting 418 agents in 12 offices around Indiana.
Shelbyville insulation company laying off 100 workers
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Carter Lumber plans to hire as many as 100 in Franklin
Ohio-based Carter Lumber plans to open new wholesale lumberyard and truss-making facility in Franklin in June.
Fishers company agrees to pay $5.5M in concrete case
Builder’s Concrete & Supply will pay the amount as part of a larger $60 million settlement lawyers reached with seven companies
accused of fixing concrete prices.
New tenant-rep group plans commercial during Masters
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
Red Key’s rules will live on after owner’s death
Russel Settle, 92, was renowned for telling customers at the landmark Red Key Tavern to mind their manners in the northside
pub featured in a Dan Wakefield novel.
First Time Homebuyer tax credit expires next month
The Treasury Department says potential Indiana homeowners have only until May 1 to take advantage of the First Time Homebuyer
tax credit before it expires.
Tenant exit leaves Circle Centre 4th floor almost vacant
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall’s fourth floor, which has struggled
for years to
keep tenants.
Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
General Growth’s bankruptcy plan makes room for Simon
The provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
707 North Apartments begin leasing for June opening
The new owners of the eight-story condo project formerly known as 707 East North Street have set an opening target of June
for what will be known as 707 North Apartments.
Famous handbag maker hits local retailers with lawsuits
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement
lawsuits.
Answer to Murat’s naming-rights fight likely to be found in lease
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank
over a naming-rights deal announced March 16.
Fishers Town Council delays vote on $19M auto mall
If the council gives its blessing, construction could begin this spring on Butler Automotive Group’s five-dealership development
along State Road 37. About 230 jobs could be created.