George named motorcyclist of year
Indianapolis Motor Speedway CEO Tony George has been named 2008 “Motorcyclist of the Year” by Motorcyclist, one of the most widely circulated motorcycle magazines in the U.S., for his efforts to bring the…
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Former Union Federal exec joins Salin Bank
Alvin T. “Kit” Stolen III has joined Salin Bank & Trust Co. as president and chief operating officer. Stolen, 52, was president and CEO of Union Federal Bank in Indianapolis until January 2007, when the bank’s transition to new ownership under Sky Financial Group Inc. of Bowling Green, Ohio, was complete. Sky was acquired in […]
Emmis cuts magazine positions, salaries
Emmis Communications Corp. has cut an undisclosed number of positions from its magazine-publishing arm, the Indianapolis radio and publishing company said today. The positions, which amounted to 4.6 percent of its magazine staff, were eliminated through attrition in Indianapolis and through layoffs at other locations, spokeswoman Kate Snedeker said in an e-mail. Salaries of existing […]
Glendale lands Flat Top Grill
Indy is becoming a hotbed for chain stir-fry restaurants. A popular player, Flat Top Grill, has signed a letter of intent with developer Kite Realty Group Trust to open a new…
Polaris adding 80 jobs in expansion
Polaris Laboratories LLC, an Indianapolis company that analyzes oil, fuel and coolants, plans to create 80 jobs in the next six years, Indiana Economic Development Corp. said today. Polaris, which has 84 workers and is based at 7898 Zionsville Road on the far northwest side, will spend $1.65 million to add 10,000 square feet to […]
Turnaround may be in offing, observers say
Companies are quietly planning expansion projects despite woes that continue to unfold in housing, finance and other hard-hit industries, Indianapolis-area economic development officials say. The officials’ experiences differ, but a couple of them contacted in a spot check say requests for information from expansion-minded companies are becoming more common, and another says activity hasn’t fallen […]
Thoughts on Gen Con Indy
No, I’m not going to mock the costumed hoards that are converging on the Convention Center over the next few days for Gen Con. Instead, I’m just going to share some observations on the event, its people, and its…
Lucas Oil Stadium and Mail Pouch
Lucas Oil Stadium has nabbed lots of favorable reviews for its retro look, sliding widows looking onto downtown
and retractable roof.
Now a question.
What do you think about the Lucas Oil Stadium name painted in white on the black roof? Does…
Cummins looked outside state for office project
The 500-employee office complex Cummins Inc. is building near its headquarters in downtown Columbus might have ended up in another state had the city not offered to pay for a new parking garage. The claim came Tuesday during Mayor Fred Armstrong’s mid-year State of the City report, according to The Republic of Columbus. Armstrong’s remarks […]
Dakota ethanol firm targets Indiana for new plant
Poet LLC, a Sioux Falls, S.D., ethanol distiller, wants to build a fourth plant in Indiana, according to The Journal & Courier of Lafayette. The $260 million plant would be located at West Lebanon, which is west of Lafayette, and produce 115 million gallons a year. Poet operates sites in Jay and Madison counties and […]
Alcoa-made springboards used in Olympics
Olympic divers in Beijing are jumping off aluminum springboards made at Alcoa Inc.’s plant in Lafayette, according to The Journal & Courier of Lafayette. The boards were extruded in Lafayette and sent to a Nevada company, Duraflex International, to be finished and coated. The Lafayette plant also supplied boards used in U.S. Olympics Diving Trials […]
House sales fall nearly 9 percent in July
The contraction in Indianapolis-area house sales hasn’t ended, July figures suggest. Sales in Marion County, surrounding counties and Madison County fell to 2,336 units last month from the same month last year, brokerage F.C. Tucker Co. said yesterday. The figures, based on Metropolitan Indianapolis Board of Realtors data, also show that all counties but Boone […]
UPDATE: Colliers parent to be based in St. Louis
The new holding company being formed by Colliers Turley Martin Tucker and three other commercial real estate firms will be headquartered in St. Louis, and include all 25 existing Indianapolis shareholders. Colliers Turley Martin Tucker, which is based in St. Louis, announced the deal yesterday along with Colliers Pinkard of Baltimore, Cassidy & Pinkard Colliers […]
AIT expands beyond original expectations
AIT Laboratories has added 77 local jobs this year, exceeding the 50 jobs it promised to add by the end of the year. Seventeen are sales jobs outside the Indianapolis area. The job growth brings total AIT employment to 224. The growth is in addition to the 60 jobs added in 2007. In the past […]
UPDATE: Hospital exec resigns over ‘style’
Major Hospital CEO Tony Lennen says differences in personal style were key factors in his decision to resign suddenly on Monday. “There has been a lot of changes on our board,” Lennen, 50, said in an interview with IBJ. “I was uncomfortable. I don’t think we were in sync the way we used to be.” […]
When the art hits the fan
At Switzerland’s Zentrum Paul Klee, an inflatable pile of dog feces the size of a modest ranch home came loose from the museum grounds, knocked down a power line, and broke a window in a nearby children’s home. See the BBC report…
Adesa profit, revenue shoot up
Carmel-based KAR Holdings Inc., which owns the Adesa Inc. auto auction and Insurance Auto Auctions Inc., reported late yesterday that second-quarter profit increased nearly 35 percent to $6.2 million from the second quarter last year. KAR, which didn’t elaborate on the performance, had no operations until its acquisition of Adesa closed on April 20 in 2007. […]
Long-time Shelby hospital chief quits abruptly
Tony Lennen, who has led Major Hospital in Shelbyville for 15 years and has been one of the city’s most energetic economic development leaders, resigned unexpectedly on Monday. Lennen wouldn’t comment on the move, according to the Shelbyville News. Hospital officials deferred questions to Lennen, saying it was a personnel matter. However, board members accepted […]
Colliers moves under new ownership
Colliers Turley Martin Tucker, the largest commercial real estate firm operating in Indiana, is merging with three other companies to become one of the nation’s largest real estate services. Colliers, which is headquartered in St. Louis, is forming a holding company with Colliers Pinkard of Baltimore and Cassidy & Pinkard Colliers of Washington, D.C. The […]
Big portfolio of local apartments changes hands
A local construction company specializing in apartment renovations is paying $80 million to acquire a huge local portfolio from the nation’s largest owner of apartment communities. Ardizzone Enterprises Inc. has agreed to buy 1,885 units from Denver-based Apartment Investment & Management Co., or AIMCO. The sale includes Bent Tree near 86th Street and Michigan Road, […]