Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will
lease the space
from the building’s owners.
John A. Kite’s total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
In IBJ's new video feature offering management wisdom, Jeff Henry
of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at
12th Street
and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
Sales agreements in the nine-county area rose last month by 10.6 percent, compared with the same month last year, while prices
jumped 12.1 percent.
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
Historic Landmarks Foundation of Indiana is expected to announce Tuesday that it will move its headquarters to the Old Centrum
at 12th Street and Central Avenue in Indianapolis.
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
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.
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.
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.
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 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.
Century 21 Realty Group is now Prudential Indiana Realty Group, affecting 418 agents in 12 offices around Indiana.
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Ohio-based Carter Lumber plans to open new wholesale lumberyard and truss-making facility in Franklin in June.
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.
