A new sign for Steak n Shake
Steak n Shake's downtown headquarters is getting new signage.
Real Estate
Articles
Severance boosts pay of former Duke Realty exec
Duke Realty’s former chief operating officer took home $3.1 million last year. The office, industrial and retail property
owner and manager
also awarded raises to its CEO and the rest of his management team.
Engeledow Group acquires estate landscaper
Engledow Group, one of the Indianapolis area's largest landscape companies, has acquired Litchfield Landscape Co. to bolster
its estates division.
Tax-break deadline spurs spec homes in Parade
This spring’s Parade of Home is being held about two weeks earlier than normal to help builders lure homebuyers who want to
take advantage of federal incentives intended to give the residential real estate market a boost. Builders also are taking
chances on more spec homes.
General Growth preparing to file finance plan
General Growth is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
Simon Property hiked CEO’s pay 34.7 percent last year
David Simon’s $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management
team’s pay declined or remained flat.
Lugar Tower project delayed by lack of tax credits
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
Finish Line reports big jump in sales, profit
Shares of athletic retail specialist The Finish Line Inc. were soaring in after-hours trading Thursday after the company reported
strong fourth-quarter sales and a growing pile of cash on its pristine balance sheet.
Former Thomson plant back in bankruptcy
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Big payday for lawyers in concrete price-fixing case irks Duke
Duke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.
Downtown buildings land arts tenants
Vonnegut Memorial Library Inc. will move into 1,100 square feet at 340 N. Senate Ave. The Arts Council of Indianapolis will
occupy 5,400 square feet at 922 N. Pennsylvania St.
Fishers Town Council set to review auto mall plans
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
Local beverage entrepreneur retrenches with new venture
J. Smoke Wallin launches Pelican Brands LLP to help booze companies market and distribute their products after his attempts
to acquire underperforming brands fizzled due to the credit crunch.
Judge tosses fraud claim in Mel Simon estate case
Judge William J. Hughes ruled Deborah Simon failed to make her claim with “sufficient specificity.”
Franklin woman dies after grocery warehouse accident
The 32-year-old Kroger worker had been on life support since a pallet of bottled water fell on her March 15.
Longtime F.C. Tucker president retiring
Fred Tucker, who has led F.C. Tucker Co. since 1986, will leave the company April 1 and hand the reins to business partner
H. James Litten.
Another General Growth suitor enters fray
Elliott Associates LP and Paulson & Co. are said to be discussing a plan to team with Brookfield Asset Management Inc. to
bring mall owner General Growth Properties Inc. out of bankruptcy, competing with Simon Property Group.
Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Insurer lending $7M for east-side Super Bowl project
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
Blue Bell ice cream coming to Indianapolis
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.