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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 […]
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 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 […]
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.” […]
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…
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. […]
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 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 […]
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, […]
Colleges and universities tend to see enrollment boom when the economy goes south, and this down cycle appears
to be little different.
Indiana University, Ivy Tech Community College and the University of Indianapolis all have announced in recent
weeks that enrollments…
AM General LLC, the Mishawaka company that manufactures the Humvee military vehicle and H2 Hummer consumer sport-utility vehicle, now plans to build taxies. AM General will make the Standard Taxi for Vehicle Production Group LLC of Troy, Mich., which recently landed $160 million in funding for the project, according to the South Bend Tribune. The […]
Just three months after Nestle USA began ramping up production at its new plant in Anderson, the company said in a long-expected announced today that it will spend an additional $200 million on an expansion. Nestle will add 135 workers to the 300 who will staff the initial, $359 million project, the Indiana Economic Development […]
Local developer Axia Urban is planning a three-building project that would give the corner of 22nd and Talbott streets a whole new look. The plans, submitted by…
Conseco Inc. recorded a massive second quarter loss because of a $500 million accounting charge from a proposed spin-off of its long-term care business. Absent that special charge, the Carmel-based insurer would have swung to a profit compared with a loss in the same quarter a year earlier. For the three months ended June 30, […]
A sluggish economy and stiffer enforcement of franchise agreements resulted in second-quarter profit plunging 44 percent for Noble Roman’s Inc., the Indianapolis restaurant chain announced late yesterday. Noble Roman’s generated $395,307 in net income compared with $703,506 a year earlier. Revenue dived to $2.4 million, from $3.1 million. The company attributed most of the weaker […]
Amazon.com will open a 950,000-square-foot warehouse in Airtech Logistics Park in Plainfield, the Indiana Economic Development Corp. announced late yesterday. The online retailer will hire more than 350 workers by 2011. Amazon in March committed to opening a 600,000-square-foot warehouse with 1,200 jobs in the Boone County community of Whitestown, and also plans to put […]
And so the Indianapolis arts community exhales. There’s still $1 million in the budget and there’s less chance of our town being seen as culturally regressive.
But what’s the underlying message from Mayor Ballard’s budget speech?
Is it simply that cuts have…
By Norm Heikens An Indianapolis plant that manufactures specialty drugs might be sold, its parent announced yesterday. Enzon Pharmaceuticals Inc., based in Bridgewater, N.J., said it might sell the plant or one or all of its products as part of a strategic review of its specialty pharmaceutical business. The plant at 6925 Guion Road on […]
More than 1,000 people from nine states attended an auction Saturday of hundreds
of items seized from Christopher P. White, the founder of bankrupt developer Premier Properties USA Inc.
Stock in Conseco Inc. moved up more than 8 percent today after the Carmel-based insurer announced that it would take a $1.2 billion hit to split off its troubled long-term care business as an independent entity owned by policyholders. The shares traded near $8.32 per share. Conseco Senior Health Insurance Co. will be transferred to […]
