Rolls-Royce opens $42M production facility
The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
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The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.’s printing plant in Terre Haute.
I was away for the weekend. Fill me in one what you saw while I was away. Matisse? Patti LuPone A Spirit & Place event?
Phoenix-based Indigo Partners has until Monday to tell Frontier parent Indianapolis-based Republic Airways Holdings whether it wants to terminate the $145 million deal.
A Muncie group that opposes a proposal to build a new reservoir in central Indiana says the project raises health concerns, including waste from former auto industry plants that might contaminate the reservoir.
The Carmel Redevelopment Commission has a lot to do—with or without staff support. Mayor Jim Brainard and the city’s director of administration will handle the volunteer panel’s day-to-day affairs for the immediate future.
With an estimated 8 percent of shoppers using food stamps, the impact will probably be felt most acutely by discount retailers such as Dollar General Corp., Family Dollar Stores Inc. and Wal-Mart Stores, analysts say.
An independent review of Elevate Ventures found the state contractor needs more oversight even though it is "substantially compliant with its investment and operational requirements,” Indiana Gov. Mike Pence's office said Friday.
-Gannett Co. Inc. leased 22,000 square feet of office/industrial space at 7531 Miles Drive. The tenant was represented by Nick Arterburn of CBRE. The landlord, WF Industrial Properties, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.
-Goodwill Industries leased 10,984 square feet of retail space at 4200 S. East St. The tenant was represented by Bill French of Cassidy Turley. The landlord, Tri Land Properties Inc., represented itself.
-Lockerbie Square Cabinet Co. leased 7,194 square feet of industrial space at 4350 W. 10th St. The tenant was represented by Brett Burch of Valenti Real Estate Services. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.
-Raybourn Group International leased 6,551 square feet of space at Parkstone Office Center, 9100 N. Purdue Road. The landlord, Parkstone Indianapolis LP, was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.
-Peachin Schwartz & Weingardt PC leased 6,016 square feet at Crosspoint Six, 9775 Crosspoint Blvd. The tenant was represented by Brian Askins of Summit Realty Group. The landlord, Young Realty Crosspoint Six, was represented by Lori Pfeiffer and Larry Davis of Sitehawk Property Management.
-Dealers Transmission Exchange leased 5,000 square feet at 5700 W. Minnesota St. The tenant was represented by Cam Kucic of Summit Realty Group. The landlord, CCH Investments LLC, was represented by Brad Williams and Tyler Wilson of Summit Realty Group.
-Bloomfield Bank leased 3,250 square feet at Fidelity Keystone Office Tower, 650 E Carmel Drive, Carmel. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Network Capital Corp., was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-VYM General Contractors LLC leased 1,800 square feet of industrial space at 5303-5331 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Square 9 leased 1,608 square feet at Fidelity Keystone Office Tower, 650 E. Carmel Drive, Carmel. The landlord, Network Capital Corp., was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.
-Horwitz & Associates leased 1,499 square feet at Parkstone Office Center, 9100 N. Purdue Road. The landlord, Parkstone Indianapolis LP, was represented by Ashley Bussell and Derek Menerey of Newmark Knight Frank Halakar. The tenant represented itself.
-Integrity Travel Solution leased 1,355 square feet at Parkstone Office Center, 9101 N. Wesleyan Road. The landlord, Parkstone Indianapolis LP, was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.
-Astra Digital leased 973 square feet at Parkstone Office Center, 9101 N. Wesleyan Road. The landlord, Parkstone Indianapolis LP, was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.
The average rate for 30-year mortgages remained at 4.27 percent for the week ended Oct. 30, according to Bankrate.com. The rate for 15-year mortgages ticked up to 3.38 percent from 3.37 percent the previous week.
-One Liberty Properties Inc. bought a 125,622-square-foot industrial building leased by Federal Express at 3825 Hanna Circle. The seller, Guthrie Partners LP, was represented by Janice Paine and Brian F. Knapp of Colliers International. The buyer represented itself.
-An affiliate of Klosterman Baking Co. bought a 10,800-square-foot industrial building at 5867 Churchman Ave. The buyer was represented by Stan Elser and Jim Karozos of Lee & Associates. The seller, Pifer LLC, was represented by David Lane of Burr & Temkin.
-WF Industrial Properties bought 2.97 acres at 7531 Miles Drive. The buyer was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The seller, JP Morgan Chase Bank, was represented by Nick Arterburn of CBRE.
-Capitol Construction has completed a 9,000-square-foot office expansion for Kronos at 101 W. Washington St.
-Charles C Brandt Construction has completed a $50,000 renovation for RR Donnelly at 700 Airtech Parkway, Plainfield.
-Charles C Brandt Construction has been awarded a $100,000 tenant finish project for Fusion at 550 Congressional Blvd., Carmel.
-Charles C Brandt Construction has been awarded a $15,000 tenant finish project for Applied Marketing at 550 Congressional Blvd, Carmel.
A record number of runners are expected to race in the Indianapolis Monumental Marathon on Saturday morning. The sixth annual event includes a regular marathon, a half-marathon, a 5K run and a Fun Run for children. More than 13,000 runners are registered. The marathon starts at 8 a.m. at Monument Circle and follows a route as far north as 66th Street.
A gunman or gunmen riddled a northwest-side home with at least 26 bullets at about 2:30 a.m. Friday, injuring two men in the house. Investigators say the shooting in the 1800 block of Dexter Street, just north of West 16th Street, was likely drug-related. One victim, 26, suffered wounds in the head and leg. The other, 22, was shot in the leg. Both were hospitalized in undisclosed conditions. The shots were fired from a red compact car.
High overnight winds knocked down trees and created power outages and traffic snarls at several city intersections. As many as 25,000 Indianapolis Power & Light customers lost power at some point during the storm. About 6,000, including 2,600 on the south side, were still without electricity Friday morning. Police reported significant damage off U.S. 31 near East Thompson Road, including broken poles, downed wires and circuit problems.
Amid federal budget cuts that have limited the participation of elite flying groups, the show’s executive committee has decided to call it quits.
Federal prosecutors are asking a judge to sentence Indianapolis attorney Paul J. Page to prison for his role in a real estate deal involving a state-leased office building in Elkhart.
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He’ll discuss his cautionary tale for states while in Indianapolis next week.
The economy added an average 143,000 jobs a month from July through September. That's down from an average of 182,000 in April through June, and 207,000 during the first three months of the year.
Chocolate for the Spirit plans to open a storefront in Carmel this month. After the holidays, master chocolatier Julie Bolejack will move production there from her Shelbyville “studio.”