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Developer withdraws plans for controversial townhome project in Carmel neighborhood

October 2, 2019 | Samm Quinn

The project—which met strong opposition from residents in the Johnson Addition, near the Arts & Design District—was scheduled to be discussed at a plan commission committee meeting Tuesday but was withdrawn that afternoon.

Local software startup lands $10M in seed funding, moves HQ to California

October 1, 2019 | IBJ Staff

Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.

Cleveland-based firm buys Indy fiber network, plans $38M expansion

October 1, 2019 | Anthony Schoettle

Cleveland-based Everstream Solutions LLC announced Tuesday that it has agreed to buy a 200-plus-mile Indianapolis-based fiber network from Dallas-based DataBank Ltd. and quadruple the network’s size. The service area will expand to cover Indianapolis and parts of Hamilton County.

Private equity firm to buy Carmel-based Orchard Software, fund growth

October 1, 2019 | Mason King

Founded in 1993, Orchard has grown to become the seventh-largest software development firm in the Indianapolis area, with 275 employees and $40 million in revenue for 2018.

Auto-auction giant KAR rebrands to reflect global scope

September 30, 2019

The rebranding of the company coincides with the debut of its new, $80 million headquarters in Carmel.

Forever 21 fashion chain files for Chapter 11 bankruptcy

September 29, 2019 | Associated Press and Bloomberg News

Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.

Industrial chic: Converted event spaces multiply, filling a niche in the meeting marketplace

September 27, 2019

Event-only facilities are typically on the small side (at least compared to the convention center), located in or near downtown, and often reside in old industrial or warehouse structures.
XLVI Party.

Auction giant KAR sees industry’s transformation as opportunity

September 27, 2019 | Greg Andrews

CEO Jim Hallett predicts that 2019 will be the peak year for brick-and-mortar auto auction volumes, but company officials aren’t sitting around wringing their hands and wishing for the past.

Kite Realty seeks TIF funds for 3 mixed-use projects

September 27, 2019 | Mickey Shuey

Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.

Vaping giant Juul to end product advertising, replace CEO

September 25, 2019 | Associated Press

The shakeup comes amid growing public furor over vaping that has triggered calls for tighter restrictions at the federal and state levels.

Income-tax increase for Hamilton County gets final approval

September 24, 2019 | Samm Quinn

Noblesville city councilors voted for the hike on Tuesday night, giving the proposal a critical mass of support throughout the county.

Building blitz continues at Zionsville’s Hoosier Village with $20M expansion

September 23, 2019 | John Russell

One of Indiana’s oldest and largest senior communities has broken ground on its fifth addition in seven years. Owner BHI Senior Living says it has a “robust waiting list” at Hoosier Village.

Mandy Haskett: Maximize talent by making it a budget priority

September 20, 2019

When we collect data to predict fit and pull that data through the lifecycle of the employee, we can better develop leaders and design teams, drive intentional culture, and produce high-engagement workplaces. This will increase your profitability. And ensuring your teams are ready, willing and able requires an investment.

PETE THE PLANNER: Think carefully before deciding to invest without an adviser

September 20, 2019 | Peter Dunn

When it comes to investing, not only do too many people misconstrue knowledge for skill, but beyond that, people tend to make a series of predictable mistakes brought on by inexperience. Therefore, even if you find yourself in the “I know what I’m doing” camp, you might not have the rest of what it takes to succeed long term.

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