A new sign for Steak n Shake
Steak n Shake's downtown headquarters is getting new signage.
Steak n Shake's downtown headquarters is getting new signage.
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.
Engledow Group, one of the Indianapolis area's largest landscape companies, has acquired Litchfield Landscape Co. to bolster
its estates division.
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 is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
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.
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.
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.
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Duke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.
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.
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
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 William J. Hughes ruled Deborah Simon failed to make her claim with “sufficient specificity.”
The 32-year-old Kroger worker had been on life support since a pallet of bottled water fell on her March 15.
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.
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.
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in 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.