Fishers tech firm plans $8M expansion, 68 high-wage jobs
The company said it will renovate and update equipment at its 10,000-square-foot facility at 9128 Technology Lane, west of the Interstate 69 and State Road 37 exit.
IBJ Staff
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EDITORIAL: Downtown worth extra investment
While we support creating an EID and applaud Downtown Indy’s championing of the effort, we understand the reluctance of some property owners to support it until they get a clearer explanation of how the money would be used.
Business leader, philanthropist Andre Lacy dies at 78
Andre B. Lacy was known for his prolific work on corporate boards and as an active leader of several influential civic organizations. But he is likely to be best remembered for his recent philanthropy, which included a $25 million gift to Butler University’s college of business.
Radio giant Cumulus files for bankruptcy protection
The company, whose Indianapolis holdings include WFMS-FM 95.5 and WJJK-FM 104.5, said station operations will continue as normal as it seeks to shed more than $1 billion in debt.
Duke paying special dividend after $2.8B divestiture
The special payout will cost the company more than $302 million.
Plainfield industrial park adding 500,000 square feet
Construction is under way on two buildings totaling 500,000 square feet in the Metro Air Business Park in Plainfield and should be completed next spring.
Cook Group starting expansion project
Medical-device maker Cook Group expects to start work this month on an expansion project as it takes over the former General Electric refrigerator factory in Bloomington. Cook spokeswoman Marsha Lovejoy said her company should soon complete its purchase of the factory, which shut down last year. Cook announced in September it would buy the 70-acre […]
Indy not among finalists for next two Major League Soccer franchises
Major League Soccer on Wednesday announced four finalists for the two expansion clubs it is scheduled to add by the end of the year. Indianapolis is not among the four, but MLS said the city could be considered for two other franchises it wants to add in the future.
Central Indiana home sales, prices soar as inventories shrink
Area home sales have risen on a year-over-year basis in 21 of the last 24 months.
Local tech firm rolls out $1M ransomware protection guarantee
LifeOmic Inc., a fledgling Indianapolis-based tech company that provides cloud storage to medical users, is trying to make a rapid splash in the health care IT industry by offering what its says is an unprecedented marketing promise.
Home Place agrees to stop legal fight with Carmel over annexation
The long legal battle between the city of Carmel and the residents of the small community in Clay Township known as Home Place appears to be over.
University of Evansville opens Changemaker Incubator
Funding for the space came from a $20,000 Ball Venture Fund.
Lilly funds program for religion professors
More than 160 faculty have gone through the program, which began in 1991 and has been funded by Lilly since 2002.
Calumet Specialty selling Anchor Drilling subsidiary for $84 million
Three years after acquiring Anchor Drilling Fluids USA LLC for $235 million, Indianapolis-based Calumet Specialty Products Partners is shedding the subsidiary to reduce debt and concentrate on its core business.
Insurance giant adding 400 jobs in $14M expansion in Carmel
The Boston-based insurer said it will lease 56,000 square feet in the Parkwood Crossing office complex to accommodate the expansion.
Tech industry growth boosting local office market, report says
Growth in the technology industry has become a big driver of activity in the local commercial real estate market, according to a new report by CBRE, which ranked Indianapolis fourth for tech-job increases among U.S. cities.
Andretti Autosport sued over sponsorship money from HHGregg
A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Indiana’s unemployment rate creeps up to 3.9 percent
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
PROXY CORNER: Thor Industries Inc.
Elkhart-based Thor Industries Inc. is the world’s largest manufacturer of recreational vehicles.