Carmel

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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Carmel council wary of $100M Pedcor project

April 18, 2013
Andrea Muirragui Davis
Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel's Midtown. But City Council members are holding it at arm's length for now.
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Smartphone videos rewrite rules of customer researchRestricted Content

April 6, 2013
Chris O'Malley
Carmel-based Strategic Marketing & Research Inc. is among firms tapping the capabilities of video-enabled smartphones to gain insights into consumers’ thoughts and emotions. They’re doing this by having consumers use their phones to shoot a video diary of their product experiences.
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Center for Performing Arts angles for more shows, donorsRestricted Content

March 23, 2013
Dan Human
Two years after opening, the Center for the Performing Arts in Carmel is working on its first strategy, an effort aimed at maximizing attendance while providing financial stability.
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Carmel insurer looks within to find new CEORestricted Content

March 16, 2013
 IBJ Staff
Indiana Farmers Mutual picks executive vice president and legal counsel to replace long-time leader Daniel Stone.
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ITT fights to stem tumbling enrollmentRestricted Content

March 16, 2013
J.K. Wall
A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
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Carmel puts 7-acre parcel up for grabs

March 9, 2013
Kathleen McLaughlin
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
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Baldwin move a win for Lauth, a setback for downtown

March 5, 2013
Cory Schouten
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
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Baldwin to move HQ to Carmel, add 133 jobs

March 4, 2013
J.K. Wall
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
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Carmel tech firm plans to expand, add 36 jobs

February 27, 2013
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
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Shuttle to Hamilton County job sites is tweakedRestricted Content

February 2, 2013
A reverse-commute shuttle that helps Indianapolis residents get to jobs in Carmel and Fishers is being expanded.
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