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Banking & Finance
Zionsville real estate schemer sentenced to 30 months
March 14, 2012
Kathleen McLaughlinA Zionsville man who pushed real-estate investing schemes has been sentenced to 30 months in prison after pleading guilty
to wire fraud and money laundering.
MoreEmmis vote could deal blow to preferred shareholders
March 14, 2012
Greg AndrewsEmmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders
to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming
NASDAQ delisting.
MoreTeachers trust fund broker reaches settlement
March 13, 2012
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has
reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000
in restitution.
MoreLocal mortgage firm lands $25M in private equity
March 12, 2012
IBJ Staff and Bloomberg NewsIndianapolis-based Stonegate Mortgage Corp. has received funding from Long Ridge Equity Partners, a private-equity firm, to
help it expand in mortgage origination and servicing, the company said Monday.
MoreAngel investors love health care deals
March 12, 2012
J.K. WallHealth care venture capital has become scarcer in Indiana the past two years, but there are indications that angel investors
are picking up some of the slack.
MoreRecord-low rates aren't creating rush at local mortgage firms
March 12, 2012
Scott OlsonLocal mortgage industry executives say record-low interest rates aren't leading to a big boom in business because broader
economic issues are keeping large parts of the population from seeking or qualifying for loans.
MoreIndianapolis bond bank chief Kintner is clutch hitter
March 10, 2012
Sam StallDeron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing
is scarce.
MoreALLEY: Where banks will find growth in the future
March 10, 2012
Mike Alley / Special to IBJDemographics, technology will reward winning institutions.
MoreSULLIVAN: New consumer agency could hinder economy
March 10, 2012
Charlene Sullivan / Special to IBJProtection must be balanced with allowing credit to flow
MoreSBA lenders optimistic about year's loan output
March 10, 2012
Scott OlsonVolume nevertheless is expected to fall short of last year's record numbers
MoreFuel prices wreak havoc on Republic Airways turnaround
March 10, 2012
Greg AndrewsIf the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel
will end up $40 million higher than the business plan.
MoreLISC sues to foreclose on Emrich's Furniture building
March 10, 2012
Kathleen McLaughlinLISC, a not-for-profit lender, says it has not received any payments on its $515,265 construction loan since Jan. 1, 2011,
and is owed more than $228,000.
MoreDeveloper Broadbent loses fight to keep finances under wraps
March 7, 2012
Scott OlsonA newly public filing shows the co-founder of The Broadbent Co.'s net worth has fallen 60 percent, to $48 million.
MoreLilly to try again to remove poison-pill provisions
March 6, 2012
J.K. WallEli Lilly and Co.'s board is once again recommending the removal of a provision that makes the company an almost impossible
target for hostile takeovers. The same proposal has fallen slightly short at each of the past two annual shareholder meetings.
MoreEmmis plans to appeal looming NASDAQ delisting
March 5, 2012
IBJ StaffEmmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based
media firm said it plans another attempt to avoid being delisted from the well-known stock index.
MoreState economy finally gaining traction
March 3, 2012
J.K. WallLeading indicators for Indiana's economy are looking up: Banks are increasing lending, real estate developers are pulling
the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including
automobiles.
MoreFair bankruptcy trustee alleges complicity by silence
March 3, 2012
Greg AndrewsLawyers overseeing Fair Finance's liquidation charge that, every step of the way, businesspeople who crossed Tim Durham’s
path and witnessed questionable behavior looked the other way—because it was highly profitable for them to do so.
MoreKruse-owned company files for bankruptcy
March 1, 2012
Associated PressA northeast Indiana classic car dealership owned by former auction house owner Dean Kruse and his wife has filed for Chapter
11 bankruptcy.
MoreAllison Transmission seeks $522M in initial public offering
March 1, 2012
IBJ Staff and Bloomberg NewsIndianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as
much as $522 million for its private-equity owners in an initial public offering.
MoreTwo firms accused of bilking investors out of $1.5M
February 29, 2012
State officials have filed civil suits against Plan America LLC in Indianapolis and Rykoworks Capital Group LLC in Brownsburg,
accusing them of fraud and embezzlement.
MoreLocal PNC Bank exec joining law firm Krieg DeVault
February 29, 2012
Scott OlsonStephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years
at PNC and National City Bank, which PNC purchased in 2008.
MoreCourt OKs EnerDel parent's bankruptcy plan
February 29, 2012
IBJ Staff and Associated PressA court has approved Ener1's plan to emerge from bankruptcy, the parent company of locally based EnerDel announced Wednesday.
MoreIndiana House votes to phase out inheritance tax
February 28, 2012
Associated PressThe Indiana House on Tuesday approved a 10-year phase-out of the state's inheritance tax that now brings in about $160
million a year.
MoreIU Health names Kitchell chief financial officer
February 28, 2012
J.K. WallRyan Kitchell, 38, replaces Marvin Pember, who left in July to take an executive position with Philadelphia-based hospital
system Universal Health Services Inc.
MoreIndiana Live receives offer from Hoosier Park owner
February 25, 2012
Kathleen McLaughlinIndiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino,
its parent company said in a recent bankruptcy court filing.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.