Carmel

West Clay commercial building set for sheriff’s sale

September 18, 2013
Scott Olson
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State's securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
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Health firm plans move to Carmel, adding 675 jobs

August 30, 2013
 IBJ Staff
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
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Flaherty making big pitch on Range Line Road project in Carmel

August 10, 2013
Andrea Muirragui Davis
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
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Carmel council axes funding for redevelopment commission boss

August 6, 2013
Andrea Muirragui Davis
Carmel City Council members exerted their influence over redevelopment commission expenses Monday, denying a $60,000 contract extension for longtime Executive Director Les Olds despite Mayor Jim Brainard’s pleas to keep him on the job.
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Delta Faucet builds innovation machine in CarmelRestricted Content

August 3, 2013
Dan Human
One of Indiana’s most innovative companies in the past decade doesn’t make surgical instruments or drugs or engines. It makes water faucets and toilets. Delta Faucet Co. has secured 589 patents in the past 20 years.
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Regulators: JPMorgan owes $410M for price manipulation

July 30, 2013
Associated Press
The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from two power grid operators, including the Midcontinent Independent System Operator, which is based in Carmel.
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Local firms team up to buy North Meridian office building

July 30, 2013
Scott Olson
REI Real Estate Services LLC and Perennial Investments say that together they'll invest about $1 million in hopes of getting the office building at 550 Congressional Blvd. fully leased.
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Software firm finds beer business is a frothy marketRestricted Content

July 27, 2013
Dan Human
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
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Buffett joins opening ceremony for Geico center

July 22, 2013
Associated Press
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.
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Will residential boom end commercial bust in West Clay?

July 20, 2013
Andrea Muirragui Davis
Residential construction is booming in The Village of West Clay, the already-sprawling Carmel development designed to mimic small-town life at the turn of the (last) century. But not everything has gone according to Brenwick Development’s ambitious plans. Two commercial nodes remain largely undeveloped, and one property owner’s legal woes led to several high-profile vacancies that have yet to be filled.
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Ingersoll-Rand spin-off names CEO for Carmel operation

July 9, 2013
Mason King
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.
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Ingersoll-Rand’s spin-off plan may give boost to areaRestricted Content

July 6, 2013
Greg Andrews
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
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Cell phone retailer to establish Carmel office, hire 145

July 2, 2013
Mason King
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
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Governments helped fuel nursing-facility developer's riseRestricted Content

June 15, 2013
Kathleen McLaughlin
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
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LOU'S VIEWS: Going for seconds at Carmel gallery walk

June 15, 2013
Lou Harry
Carmel's Arts & Design district has grown to represent nine galleries. It's Second Saturday walk has grown into a popular social event.
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High overhead does in Carmel Shapiro's

June 12, 2013
Andrea Muirragui Davis
The company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it to focus on its flagship downtown eatery.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Defendant in trial over Palladium defects tries to halt repairs

June 7, 2013
Andrea Muirragui Davis
Attorneys for the Michigan contractor being sued over construction defects at Carmel’s Palladium concert hall have asked a Hamilton County court to stop repair work immediately to preserve evidence in the case.
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Buckingham set to redevelop Carmel shopping center

June 4, 2013
Scott Olson
The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.
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Carmel council clashes over support of Midtown project

June 4, 2013
Andrea Muirragui Davis
The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
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Carmel panel refuses to back Midtown redevelopment plan

May 29, 2013
Andrea Muirragui Davis
A $100 million proposal to reinvent an old industrial area in downtown Carmel hit a snag Tuesday, when a City Council committee decided not to pursue a state tax credit that could help fund the project.
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Homebuilder focuses on 'pocket' communities near Carmel attractionsRestricted Content

May 25, 2013
Andrea Muirragui Davis
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near downtown Carmel's old neighborhoods.
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Co-founder's death alters Naked Monkey's growth plan

May 11, 2013
Andrea Muirragui Davis
The recession and then the death of a founder put the Carmel waxing spa on a new trajectory. Now co-owner Brenda Schultz is mulling expansion plans.
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Review finds no conflict in state's deal with Mainstreet

May 7, 2013
 IBJ Staff and Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
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Trial date set in Carmel's lawsuit on Palladium construction

May 1, 2013
Andrea Muirragui Davis
The 2-year-old complaint concerns defects to steel supports discovered during construction of the city's signature concert hall.
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