Brightpoint pays $31M for distribution facility
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
Real Estate
Articles
Irish pub Fionn MacCool’s shuts down in Fishers
The Irish pub and restaurant Fionn MacCool’s has closed after a four-year run.
Property tax caps stand good odds in the 2010 legislative session
Lawmakers are likely to pass property tax legislation, which would send it to a voter referendum in November and potentially
into the state constitution.
Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
Housing construction jumps
The Commerce Department said Wednesday morning that construction of new homes and apartments rose 8.9 percent in November.
UPDATE: Steak n Shake plan makes ‘perfect sense’ to investment pro
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
Binford group plots next steps in retail revival
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
Steak n Shake plans 20-1 reverse stock split
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
‘Taxing’ not-for-profit property
Some Indiana mayors, desperate for revenue, think it’s time for "payments-in-lieu-of-taxes."
Local home builder placed in receivership
A receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
General Growth deal would extend Simon’s mall dominance
Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.
Retail sales rise more than expected
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
Stout’s Shoes still in step after 123 years
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
Espresso Book Machine could open new pages in local retailing
The pricey Espresso prints and binds books while customers wait. But retailers aren’t sure what to expect when the the machine
gains wider acceptance.
Greenfield chain makes gas stations a family affair
In high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance of CEO Stephanie White-Longworth.
Bloomington panel won’t support chain-store ban
A task force appointed by Bloomington’s mayor will instead look at other options for protecting the small-town character of the city’s downtown from standardized chain stores and eateries.
Area home sales tick up
Home-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month they’ve showed a year-over-year increase.
Bella Vita taking over for Bertolini’s in Circle Centre
The Italian restaurant Bella Vita is poised to take the first-floor space in Circle Centre mall formerly occupied by Bertolini’s.
UPDATE: Simon stock jumps on $2.3B acquisition
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
Bella Vita restaurant planned for Circle Centre
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.