Facilities

IU Health consolidation would cut 3 downtown hospitals to 2

June 20, 2014
J.K. Wall
Indiana University Health wants to consolidate its University and Methodist hospitals into one downtown location, a plan that would see one or both facilities close or be converted to another use.
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UPDATE: Tech firm triggering $10M data center downtown

May 14, 2014
Dan Human
Michigan-base Online Tech plans to open a 25-employee facility just west of Lucas Oil Stadium, serving businesses that need cloud computing.
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Factory for refurbishing buses to close doors

May 14, 2014
Associated Press
Many of the 160 workers for ABC Companies in Nappanee will have a shot at jobs in a nearby plant for building double-decker buses.
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MacAllister Machinery gearing up for new HQ on southeast side

May 14, 2014
Scott Olson
The Caterpillar dealer is seeking to expand with new corporate offices and sales and service facilities on more than 130 acres of land near the interchange of Interstates 465 and 74.
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Interactive Intelligence to hire hundreds in growth plan

May 1, 2014
 Associated Press and IBJ Staff
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
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Another printing plant to close, laying off 59

April 17, 2014
Associated Press
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
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Angie's List to take big chunk of Landmark Center

March 27, 2014
Chris O'Malley
The move into nearly 100,000 square feet of office space is intended to consolidate Angie's off-campus workers downtown. It's a boon to struggling Landmark Center, which has been hemorrhaging tenants.
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Fastenal seeks tax abatement on $11M expansion

March 17, 2014
 IBJ Staff
The firm intends to make its facility north of 56th Street on Guion Road the main hub for more than a dozen other regional distribution centers, and to hire 60 more workers.
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Biomet plans $40.5 million upgrade, 150 jobs

March 16, 2014
Associated Press
Biomet's project calls for building renovations and adding 3-D printing and optical scanning technology. The Warsaw-based company would also upgrade an incubation center for surgeons interested in introducing a new product, technology or technique.
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Bloomington limestone firm to close, lay off 166

February 25, 2014
 IBJ Staff
An 88-year-old Indiana company that supplied limestone to many of the country's most important buildings is going out of business.
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New owner plans to reopen RV factory

February 19, 2014
Associated Press
The factory's Florida-based parent company closed the plant without notice on Feb. 10, ending the jobs of about 85 workers and turning away those who arrived for work in the morning.
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Architecture firm closing, renovated HQ on block

February 7, 2014
Scott Olson
A2SO4 Architecture LLC has begun to wind down operations as a bank forecloses on a couple of construction loans for its new headquarters with a total balance of more than $1 million.
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Apparel maker plans to boost operations, hire 28

November 12, 2013
Mason King
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
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Printing facility to close, terminate 150 employees

November 4, 2013
 IBJ Staff
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.'s printing plant in Terre Haute.
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Mammoth distribution center sold to California firm

August 26, 2013
Mason King
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
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Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013
Associated Press
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
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Printing firm to bring 360 jobs to Jeffersonville

March 26, 2013
 IBJ Staff
Ohio-based Standard Printing says it will invest nearly $10 million to lease and renovate a 335,000-square-foot facility.
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Geico service center to create up to 1,200 jobs in Carmel

March 18, 2013
Mason King
The insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
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Defense attorneys turn tough in Bales trial

February 1, 2013
Cory Schouten
The legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank, mail and wire fraud.
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Fort Wayne church insurer plans to add 102 jobs

December 27, 2012
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building a 54,395-square-foot facility at its headquarters.
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Elkhart factory to close by 2013, costing 210 jobs

July 26, 2012
Associated Press
Auto-parts maker Gunite Corp. plans to move its manufacturing operations to Rockford, Ill., phasing out Elkhart workers beginning in late September.
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Plastics firm plans expansion, 54 new jobs

March 2, 2011
 IBJ Staff
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
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Dow AgroSciences moves into new research facility

November 20, 2010
 IBJ Staff
The division of Dow Chemical has a 15-year lease with Indianapolis-based developer Browning Investments on the two-story building near West 96th Street.
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Caterpillar seeks tax abatement for Franklin plant

September 13, 2010
Caterpillar Reman Powertrain is requesting the tax break to offset costs related to a $13.6 million investment the company says will help retain 338 factory jobs.
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Recycler J. Solotken & Co. recycles old building

March 13, 2010
 IBJ Staff
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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