Kahn’s wine emporium plans store on 86th Street
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast
corner of 86th Street and Township Line Road.
Real Estate
Articles
Shelbyville struggles to reach tech park goals
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Real estate firm launches in rough waters
Business partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
Area home sales, prices still falling
Home-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according
to a report released yesterday by F.C. Tucker Co.
Kmart closing Martinsville store
Kmart Corp. has notified the Indiana Department of Workforce Development that its Martinsville store will close Nov. 30, costing
48 employees their jobs.
Steak n Shake acquiring Western Sizzlin
The Steak n Shake Co. said it plans to acquire the Western Sizzlin restaurant chain in a deal valued at $23 million.
Deal returns Steak n Shake to steakhouse biz
The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million
puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade
ago.
Developer’s fraud trial enters second day
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
BREAKING: Jury finds Premier’s White guilty
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
Daytime-only eatery eyeing Indianapolis
The Bradenton, Fla.-based First Watch restaurant chain is scoping Indianapolis for franchisees to open as many as a half-dozen
restaurants, a company spokesman said today.
IT consultant Apparatus buying WFYI building
Locally based information technology consultant Apparatus has agreed to buy the former WFYI building at 1401 N. Meridian St. for a new headquarters.
Kahn’s taking former O’Malia store
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast corner of 86th
Street and Township Line Road.
Jack eyes 16th & Meridian
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said.
Affordable housing developers struggle as key funding source disappears
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
Handmade chocolates shop opens location in Chase Tower
Best Chocolate in Town is expanding beyond its original store on Massachusetts Ave.
Site visit lifts county’s hopes for landing Harley
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but
it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development
prize.
Biglari consolidates power, as Steak n Shake rebounds
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
More chocolate, fewer newsstands
Sweets retailer Best Chocolate in Town has opened a second location in Chase Tower. Owner Elizabeth Garber has developed quite a following for her shop at 880 Massachusetts Ave. and now is offering a full selection of hand-made chocolates on the 2nd floor of Chase Tower with Bistro 111.
Plans emerge for old Winona
A few weeks back, IBJ reported on early proposals for the vacant former Winona Memorial Hospital. The five-story property
is saddled with about $2 million in unpaid taxes and soon will become public property. So far, two groups have stepped up
with ideas…