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Company news

September 15, 2014

The Community Health Network hospital system will purchase the Hilton Indianapolis North hotel along Interstate 69 and redevelop it as a facility for physicians and patients. The 221-room hotel sits on a nine-acre piece of land, adjacent to Community North Hospital, which is owned by the hospital’s foundation. The foundation has first-right-of-refusal to purchase the hotel from the current Hilton franchisee. The foundation announced Sept. 11 it would exercise that right, purchasing the hotel for an undisclosed amount. The hotel will continue to operate until the end of the year. “Community’s north region continues to expand its reach and needs the physical space to meet the growing demands of the marketplace,” said Joyce Irwin, president of the Community Health Network Foundation, in a written statement. “Opening up this prime area of real estate for health care services benefits the residents who live in the northern areas of central Indiana.” Community Hospital North opened in 1985 with 100 inpatient beds, emergency department and outpatient services. It has since expanded to include a 42-bed neonatal intensive care unit, a maternity unit with 60 private patient suites, a heart and vascular hospital, a rehabilitation hospital, and an oncology center.

Three years after its founding, Lafayette-based SpeechVive Inc. has launched its first product, a device intended to help people with a soft voice due to Parkinson's disease speak more loudly and communicate more effectively. Based on technology developed at Purdue University, the device is now available to try as a demo through the National Parkinson's Disease Foundation’s Centers of Excellence before purchasing. The technology was developed over the past decade by Jessica Huber, a professor in Purdue's Department of Speech, Language and Hearing Sciences. Huber co-founded SpeechVive in 2011 to bring the technology to market. According to SpeechVive, more than 1.5 million people in the United States are diagnosed with Parkinson's disease, and about 89 percent of those with the disease have voice-related change affecting how loudly they speak.

The Indiana State Department of Health and the University of Indianapolis Center for Aging & Community are offering $30,000 grants to as many as seven groups to use to improve the quality of nursing home care. The grants will be made to regional groups formed by health care facilities, provider associations, consumer advocacy groups and community organizations. The collaborative partners will work together to assess needs, design quality improvement plans and provide education and resources to nursing homes in their areas.

Commercial Real Estate Power Breakfast transcript

September 15, 2014

Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.

Couple revamps old roadside motel into apartments

September 15, 2014

The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.

Downtown office vacancies force landlords to get creative

September 12, 2014

CRE Forslund watch videoA downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.

Community Health buys Hilton North for redevelopment

September 11, 2014

The hospital network will close the 221-room hotel along the Interstate 69 corridor by the end of the year and will begin exploring redevelopment opportunities to meet the growth of the network.

Hilton boutique hotel slated for renovated Consolidated Building

September 10, 2014

Plans call for a 102-room Home2 Suites by Hilton to be built in what’s known as the annex of the Consolidated Building, at the rear of the vacant, 15-story structure on North Pennsylvania Street.

Apple reveals iPhones with larger screens, smartwatch

September 9, 2014

Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.

MainGate wins Super Bowl contract, but surprised by bigger loss

September 3, 2014

Indianapolis-based merchandise company is already gearing up to bid on the lucrative Super Bowl 50 contract. This time, MainGate is going after the whole deal.

Simon estate in Carmel hits market for $25 million

September 2, 2014

The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.

Two HDG Mansur creditors seek liquidation of the firm

August 26, 2014

The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.

New Grand Park in Westfield already $6M over budget

August 21, 2014

The Westfield City Council this month voted 5-1 to lend the project $6 million from a city infrastructure fund, money that the administration said would be repaid through future sponsorship revenue and possible litigation windfalls.

Engineers: Union Station requires $3.7 million in emergency repairs

August 20, 2014

The Department of Metropolitan Development could tap the downtown TIF fund to cover the costs. The problems were uncovered after bricks fell off the station’s south wall in December 2012.

Gatling Gun Club building proving to be tough sell

August 19, 2014

The building on North Illinois Street has been vacant since 2008. A downtown bar owner who acquired it nearly four years ago put it back on the market after giving up on plans to move her business there.

IUPUI plans to build $45 million residence hall

August 8, 2014

IUPUI hopes to build a $45 million residence hall for 700 students on the campus in time for the 2016-17 academic year, the university announced Friday afternoon.

St. Vincent Heart Center seeks to build helipad in Carmel

August 8, 2014

St. Vincent Heart Center is seeking city permission to build a helipad on church-owned property south of 103rd Street in Carmel, about a half-mile from the specialty hospital.

Plea deal rejected for ex-Indiana county auditor

August 5, 2014

Lawyers are reworking an agreement under which a former county auditor in Indiana was expected to plead guilty to criminal charges of wrongly paying personal expenses with county-issued credit cards.

ChaCha CEO Jones launches app school in Carmel

August 5, 2014

Some of the events will take place at Scott Jones’ estate at 1150 W. 116th St. The unique setting prompted the founders to name the school Eleven Fifty.

Construction blitz in full swing around Ball State

August 5, 2014

With less than two weeks until the start of classes at Ball State University, businesses in Muncie that will cater to students are racing to complete their building projects.

Pacers’ NBA title odds plunge after George’s broken leg

August 4, 2014

The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.

REI Investments agrees to buy site of former GM stamping plant

August 4, 2014

The local developer plans to purchase the entire 102-acre property, which has been earmarked for a 15,000-seat outdoor concert venue and the city’s new criminal justice complex.

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