Central Indiana existing-home sales finish 2019 with surge
Sales of existing single-family homes rose in three of the last four months of 2019 in central Indiana, capping off a sluggish year for transactions amid rising prices and low inventories.
IBJ Staff
Articles
Feds say local gaming company conspired with GOP strategist to make illegal contributions
A Republican strategist who pleaded guilty to conspiracy Thursday said in court that at least eight people were used as conduits for illegal corporate donations from an Indianapolis gaming company to former Indiana Sen. Brent Waltz when he ran for U.S. Congress in 2016.
Merchants Bancorp shuffles executive team, names new bank CEO
Carmel-based Merchants Bancorp announced several promotions Thursday that change top leadership at two of its subsidiaries, including Merchants Bank.
Kroger looks within for new president of local division
The Kroger Co. on Tuesday announced it has promoted Colleen Juergensen to take over as president of the chain’s Central division, replacing the retiring Pam Matthews.
Greeting card chain with local store going out of business
Retail chain Papyrus is closing all 254 stores in the United States and Canada, the parent company’s chief executive said Tuesday.
Acquisition merges two Indianapolis-based landscaping companies
The owners of landscaping firm Heath Outdoor LLC have acquired True North Landscaping LLC, creating an Indianapolis-based company that is expected to have 60 employees and bring in $5 million in revenue this year.
Watermark raises $105M for high-end apartment projects
Since 2010, the Indianapolis-based multifamily developer has constructed more than 40 projects consisting of more than 11,000 multifamily apartment units across 11 states.
Toyota spends extra $700M, plans another 150 jobs to cap Indiana plant project
In total, the previously announced plant transformation represents an investment of $1.3 billion and will create 550 jobs, the company said Friday. Toyota overhauled the plant so it could begin producing the 2020 Highlander.
Indianapolis-area homebuilders end 2019 with second-half surge
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
Hinchcliffe lands sponsorship with Genesys for May races
Popular auto racer James Hinchcliffe, who was abruptly ousted from his IndyCar team in October, has secured a corporate sponsorship that will allow him to drive in two races in May, including the Indy 500.
Primanti Bros. down to one local restaurant after two more closures
Primanti Bros., a Pittsburgh-based restaurant chain that entered the Indianapolis market less than four years ago, has closed its locations in Greenwood and Avon.
American Airlines adds daily nonstops from Indianapolis to Boston
The flights are set to depart Indianapolis twice daily Sunday though Friday and once on Saturdays starting May 7. Tickets will begin going on sale this weekend.
IBJ Podcast: Deciphering 5G and the new Indiana 5G Zone
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.
Landmark local soul food restaurant damaged by fire
The Indianapolis Fire Department is investigating a two-alarm fire early Saturday morning on downtown’s near-north side at Kountry Kitchen Soul Food Place.
State Sen. Spartz considering run for Congress
Indiana State Sen. Victoria Spartz, R-Noblesville, announced Wednesday that she was suspending her race for another Senate term to explore a run for Congress in the 5th District, where a crowded field is hoping to replace Rep. Susan Brooks.
Parking market leader Denison acquires top competitor
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
Renowned research leader Shekhar leaving IU School of Medicine for Pitt dean’s job
Dr. Anantha Shekhar, a nationally recognized health sciences researcher and entrepreneur, has played a major role in boosting research funding at IU, where he has worked since 1989 in numerous leadership roles.
Updated digital version of ‘Encyclopedia of Indianapolis’ in the works
Designated as a legacy project of the Indianapolis Bicentennial Commission, the new “Encyclopedia of Indianapolis” is being developed by the Polis Center at IUPUI in collaboration with several major cultural and heritage institutions.
Local security systems dealer Defenders acquired by ADT for $381M
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Democrat Melton drops out of race for Indiana governor
Sen. Eddie Melton of Gary announced his candidacy in October, becoming the third Democrat to seek the party’s nomination to challenge Republican Gov. Eric Holcomb.