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The General Electric Co. said today that it will close its massive refrigerator plant in Bloomington by the end of 2009, displacing about 900 employees. The company said the Bloomington operation lost about $45 million last year, thanks to declining side-by-side refrigerator sales and rising material and labor costs. “Despite continued investment by the company […]
The new owners of Lafayette Square Mall plan to add entertainment on weekends as part of their efforts to revitalize the property, the mall said today. New York-based Ashkenazy Acquisition, which closed the deal early this month, has set about filling the empty space. But it also wants to rejuvenate the property to make it […]
Just when Interactive Intelligence Inc. was enjoying an extended run up in its stock price, more than half its value has been lost in the past few weeks. Shares in the Indianapolis-based software firm have fallen to $13, down from $28 in late December. The stock had undergone a sustained recovery after the technology bust […]
Community Hospitals of Indiana Inc. has named Mark Dixon president. Dixon had served as Community’s chief operating officer since 2003. Community spokeswoman Lynda de Widt said Dixon is not replacing another executive, but she would not elaborate. The Community system includes campuses on east, north and south sides of Indianapolis as well as Community Home […]
Former Indianapolis Colts tight end Ken Dilger, in a plan pitched yesterday to Anderson city officials, said he aims to buy and revitalize foreclosed houses, and then sell them to low- and moderate-income buyers. The Spencer County native, who played seven seasons with the Colts, owns Legends Title, a title insurance company, and Dilger Financial […]
F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year.
Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable.
Tucker President Jim Litten points out that the region still…
Property near the Cabela’s outdoor store under construction in Greenwood will be developed with a cinema, grocery store, restaurants and other shops. Lopp Properties, a developer based in the southern Indiana city of New Albany, signed a contract recently for rights to build on the 100-acre property, according to the Daily Journal of Franklin. The […]
The new car assembly plant Honda Manufacturing of Indiana is building at Greensburg might make more than the Civic compact. In an interview this week with the trade publication Automotive News, a Honda official said the plant initially will make Civics. That will allow the company’s East Liberty, Ohio, plant to boost production of its […]
Tenants have begun moving into the former Zipper Building, now known as The Broadbent Building. Occupants will include real estate firm Broadbent Co. and Brazilian Steakhouse Fogo de Chão. What do you think of the new look?
“I just pass on the enthusiasm and make it about them.”
That’s what Roger Rees, one of the world’s most acclaimed Shakespearian actors (and perhaps familiar to you for his stints on “Cheers” and “The West Wing”) modestly told me when…
Inventories of unsold houses exploded last year, according to figures compiled by an Indianapolis real estate brokerage. A 13-county area anchored by Indianapolis overflowed with nearly a year’s worth of inventory, Landrigan & Co. Realtors said today. At the rate of absorption underway in December, the inventory existing as of the end of the year […]
The Midwestern economy continued a pattern of slow growth in December and early January, the Federal Reserve Bank said today in its Beige Book report. Businesses made few changes to their spending plans and consumer spending was mixed, the report said. Home construction continued to decline and nonresidential construction began to slow. A modest expansion […]
New York-based Crown Properties Inc. has bought out its joint-venture partner on downtown’s First Indiana Plaza. The partner, an affiliate of Connecticut-based Greenfield Partners LLC, said today that it has sold its ownership interest in the 425,000-square-foot skyscraper at Ohio and Pennsylvania streets. Greenfield did not disclose a price. Crown has been trying to sell […]
The Wolf family has thrown in the towel on its Chevrolet dealership at 5350 N. Keystone Ave.
One of the owners, Andy Wolf, says the closing was forced because property tax increases shocked customers
into pulling back from spending. Another reason…
Consumer qualms about property taxes and a lingering bad rap about the quality of American cars has prompted the owners of Bud Wolf Chevrolet to close the doors. President Andy Wolf told the 50 employees of the decision Monday. The service operation closed immediately, and about 200 new and used vehicles remain to be sold. […]
Governor hopeful Jill Long Thompson told a group in Bloomington yesterday that she supports the Interstate 69 extension from Indianapolis to Evansville. The former congresswoman is running to become the Democratic nominee to face Indiana Gov. Mitch Daniels in the general election this fall. She said the extension is needed to link Evansville to Indianapolis, […]
A Michigan-based bakery and cafe concept plans to open as many as six new restaurants in Indianapolis, beginning with a location at U.S. 31 and Stop 11 Road. Grand Traverse…
Milwaukee-based M&I Bank didn’t waste any time erasing the First Indiana name from the 31-story tower where…
