At least 35 new bank branches have sprouted in Hamilton County in the last three years, and more are on the way. Familiar
names like Charter One and Chase have added eight and seven branches, respectively. Other institutions are entering the market.
Big-name restaurants scouting for Indianapolis locations have snubbed the south side for years. Eateries like Champps, Cheesecake Factory and Rock Bottom Brewery headed north, drawn by upscale developments and affluent neighborhoods, or downtown to capitalize on the high-traffic from convention visitors. But now, more high-end restaurants are showing interest in the south side, local retail brokers say. Among the chains looking are Fox & Hound, Champps and Old Chicago, a pasta and pizza concept that’s part of the Rock Bottom…
Carmel-based N/Frame, an Internet and hosting provider, said today that it has been acquired by Continental Broadband of Norfolk, Va., for undisclosed terms. N/Frame Chief Operating Officer Bob Alcorn said its owners, the Dunigan family of Evansville, felt it was better to find a buyer than undertake an expansion that would have required extensive investment. […]
Masco Corp. said today it will slash 8,000 jobs—about 16 percent of its domestic labor force—due to a weak housing market. Masco, based in Taylor, Mich., owns Delta Faucet Co., which is headquartered in Carmel and operates a large faucet manufacturing plant in Greensburg southeast of Indianapolis. About 1,000 of the layoffs will be white-collar […]
He’s held off Conseco’s attorneys longer than anyone else. And if he can get to a jury, he’s confident he can win. Dennis E. Murray Sr., a colorful trial lawyer from Ohio, likely will be the last man standing in Conseco’s 3-1/2-year assault on a group of its former directors and officers who failed to repay hundreds of millions of dollars borrowed to buy Conseco stock. The Carmel-based insurance firm has settled with nine of the 11 borrowers in that…
Two massive developments with sizable retail components along the Interstate 69 corridor in Hamilton County are helping to spur the construction of several nearby distribution centers. The light industrial space rising near Fishers and Noblesville is unlike the monstrous warehouse projects prevalent west of Indianapolis in Plainfield and popping up within the Anson project near Whitestown. They instead are mediumsize warehouse or showroom space meant for small businesses expected to populate Hamilton Town Center and Saxony at the Exit 10…
The new owners of Keystone at the Crossing and Precedent Office Park-two prominent, but aging, business parks on the city’s north side-are undertaking major projects to stay competitive amid a rising glut of office space. Both office complexes became popular corporate addresses after their development in the 1980s and enjoyed near-maximum occupancy throughout much of their history. But vacancy rates at the high-profile parks have begun to climb in recent years. Indianapolis-based commercial real estate investment manager HDG Mansur, on…
Appliance makers and other suppliers to the housing industry might feel the ripple effect of the housing downturn through the end of this year, according to a Bloomberg report. Sales of new and existing houses fell nearly 10 percent last year, though many observers believe the worst is over for the sales decline. The industry, […]
Memphis-based Lenny’s Sub Shops announced today that it will open 28 sandwich shops in the Indianapolis area, beginning this spring in Avon and Carmel. Franchisee SamStorm Subs will locate 15 in Marion County, three in Hendricks County, and five each in Hamilton and Tippecanoe counties. Founded in 1998, the company has 700 locations in 18 […]
Conseco Inc. expects to spend $53 million after taxes to shore up capital reserves for its long- term care and core insurance businesses, the company announced today. The Carmel-based insurer said the expense likely will wipe out its fourth-quarter profit, which Conseco now will announce on March 6, a week later than originally planned. During […]
Hoosier homeowners and motorists could pay more for insurance this year in the wake of last April’s hailstorm that produced a nation-leading $1.5 billion in catastrophic claims. But even as insurers continue to pay for new roofs and car body repairs, industry experts say any increase would be less than 10 percent. So far, no insurance companies have formally requested a premium increase due to the hailstorm, according to the Indiana Department of Insurance, although claims continue to roll in….
Sid Vicious-the cat, not the dead punk-rock renegade-and his feline friend Topper are almost as much a part of Halstead Architects as the eight employees. Perhaps they do enjoy destroying drawings more than sketching them, but their role at the Fountain Square firm has grown from mere mousers to beloved companions. That’s especially true for architect Jeff Schroeder, who adopted Sid from the Indianapolis Humane Society after a rodent crawled up his leg following the firm’s arrival at a former…
Buckingham Cos., the Indianapolis-based owner/manager of more than 60 apartment complexes in five states, has broadened its
development sphere to include three square blocks of downtown real estate.
In the Democrats’ field of potential candidates to unseat Gov. Mitch Daniels, there are few household names. That’s why they’re
preparing to spend the next 19 months introducing you to Jim Schellinger.
The final piece of a decade-long redevelopment of Fort Benjamin Harrison would give Lawrence a new downtown with shops, offices and public plazas mixed among as many as 1,000 condos, townhouses and apartments. The Fort Harrison Reuse Authority hasn’t settled on a name yet for the 88-acre project, but the quasi-governmental group’s board is expected to approve zoning updates this month that pave the way for the project. Public meetings will be held in March and April, and the first…
Sun Capital Partners, Florida-based parent of Marsh Supermarkets, is unloading what it sees as excess real estate. Marsh put
19 properties on the market in late February for a total asking price of $10.6 million.
Eli Lilly and Co. has decided to vacate 99,000 square feet of office space at 30 S. Meridian St. in yet another blow to the
struggling downtown market. Roughly 1.8 million square feet of space already is sitting idle downtown, putting downward pressure
on rents.
It must seem like déjá vu to Hoosier companies who again must prepare their computer networks for the confusion caused by daylight-saving time. Indiana’s first-ever switch to DST last year triggered a mass adjustment of electronic clocks essential for computers and other devices to spring ahead with the rest of the world. Now the ritual must be repeated, due to a 2005 federal law decreeing that DST start three weeks earlier and end one week later, beginning this year. The…
A Carmel-based doctor turned publisher is celebrating his magazine’s first anniversary by rolling out plans to take his publishing and health care businesses nationwide. Radius magazine is poised for rapid growth due to its “no fluff” content, according to its founder, Dev Brar, who founded Carmel-based Nightingale Home Healthcare in 1996. Both businesses are operating out of a new headquarters at 1036 S. Rangeline Road, and Brar is hoping the two will grow hand-in-hand. Brar is using Radius to market…
Conseco Inc. this morning reported a $3.7 million loss and a 3 percent decline in sales in the fourth quarter. The loss contrasted with a $67.6 million profit and about $89.8 million in sales a year earlier. The Carmel-based insurer warned in late February that profits might be wiped out by having to spend heavily […]
