Allen Plaza developer bullish on downtown, eager for next project
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.
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Kite Realty takes big write-off, dragging down quarterly results
Kite Realty Group Trust reported a 70 percent drop in funds from operations for the quarter ended Sept. 30, after the Indianapolis-based
developer wrote off the entire book value of a Dallas strip center.
HICKS: Families of veterans also serve their country
I have to note that Nov. 11 is Veterans Day. It is rightfully a time we thank those among us who have served.
HAUKE: Apple faces competition in mobile phone wars
For a while, everyone seemed to think the iPhone was unassailable, but Motorola, Google and Verizon are about to give it their best shot. And investors are placing their bets now.
FinishMaster profit, sales decline as accident claims fall
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a
year ago.
Izod brokers deal to put fan at the head of IndyCar race grid
The IndyCar Series’ new title sponsor brokered one wild element in its new deal. They’re putting a fan in front of the starting
grid of each race.
Companies fined over death at convention center site
The Indiana Department of Labor has completed its investigation into the death of a construction worker at the expansion site
of the Indiana Convention Center and fined four local companies a total of $31,000 for safety violations.
Former Smith-Holden Music employees open new Bloomington store
Two key employees of the recently closed store in downtown Bloomington have opened their own venture,
Melody Music Shop.
Sign proposed for IBJ building requires public hearing
The parent company of Indianapolis Business Journal has filed plans to add a sign with an electronic-message component outside
the newspaper’s headquarters at 41 E. Washington St.
WFYI boss elected to national PBS board
Lloyd Wright, president and CEO of WFYI Public Broadcasting, has been elected to the PBS board of directors. He will serve
a three-year term.
Chemical-maker Benchmark Products merges with Ohio’s New Surface Technologies
Benchmark Products Inc., a local manufacturer of metal-finishing chemicals, will combine with a Bedford, Ohio, company and
keep its headquarters and production in Indianapolis. The combined company will be renamed Asterion LLC.
WellPoint, Obama administration battle over cost of health reform to employers
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.
Members of City-County Council form task force to study CIB financial problems
A new task force formed this month is charged with recommending solutions to the financial problems of the Indianapolis
Capital Improvement Board and its related convention and tourism issues.
Struggling Bioanalytical Systems adds outsider to board
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
Huntington National Bank’s assets fell because partnership ended
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have
made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National
Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains
why.
Sestertii Solar leasing panels to make solar power more affordable
The electricity they generate may be free, but most home- and business-owners can’t justify the upfront cost of solar
panels. A price tag of $25,000 to $50,000 for a modest system puts the cost close to luxury car territory.
Companies reap rewards on irrigation investments
Mike’s Express Carwash uses a lot of water. There’s just no getting around it. So when automated systems engineer
Ryan Binkley looked for ways to conserve resources, he focused on the company’s irrigation systems.
NFP of Note: Hamilton County Area Neighborhood Development Inc.
Hamilton County Area Neighborhood Development Inc. creates and promotes affordable, safe, quality housing and educates
the community about housing needs.