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Steven J. Beck has joined the Chicago-based commercial real estate and investment firm Geneva Capital Group as managing director of its office in downtown Indianapolis. Beck most recently was involved in helping raise a seed-capital fund called IVC Equity Partners. Prior to IVC Equity Partners, he launched and was president of the Indiana Venture Center, […]
Chicago-based Select Snacks Co. Inc. has told state officials in Indianapolis that it might close its Jeffersonville plant in December. About 245 jobs are at stake, according to The Courier-Journal of Louisville. A buyer is interested in the plant, which has been put up for sale as part of the company’s Chapter 11 bankruptcy reorganization, […]
The rising tide of mortgage foreclosures will result in an increase in complaints about real estate agents, the chairman of the Indiana Real Estate Commission told The Times of Munster in an interview. Tim Reed, a Valparaiso agent who has been a commission member since 1992 and the chairman since 1998, said many homeowners don’t […]
Here are two street-level renderings of Penn Centre, courtesy of Browning Day Mullins Dierdorf. The first shows the Omega Building along Maryland Street, and the second is a view from Pennsylvania Street. These still are early concepts and the developers…
The near-east-side Indianapolis Enterprise Center has been sold to an undisclosed buyer from California. Seller Scott Meyers purchased the 200,000-square-foot incubator in May 2005 and has since added 34 companies and 10,000 square feet of office and warehouse space. It has a total of 72 tenants who share equipment and pay lower rent until they […]
Locally based Duke Realty Corp. plans to build another north-side office building, this time along River Road near Keystone Avenue and Interstate 465. And Duke already has signed a major tenant, locally based Advantage Health Solutions Inc., which will take 40,000 square feet of the 120,000-square-foot, four-story building. The building will be constructed on six […]
Eli Lilly and Co. today said it would plow ahead with plans to develop an inhaled insulin product even as competitor Pfizer Inc. announced it would stop making its poor-selling Exubera version. Lilly President and Chief Operating Officer made the comment while discussing the Indianapolis drugmaker’s third-quarter results. Profit was up 6 percent, to $926.3 […]
Peoples Management Resource, a New York development company, is negotiating to buy as many as 800 acres near Daleville for a possible entertainment and recreation complex, according to the The Star Press in nearby Muncie. The project near Interstate 69 and State Road 67 would include hotels, stores, an indoor water park and a skating […]
Work on the renovation of Jefferson Plaza (soon to be Allen Plaza) began this week as construction workers raised an Allen Commercial Group flag over the plaza. It replaces a worn-out state…
Tanasha L. Anders has been appointed interim president and CEO of Indiana Black Expo Inc. after former president and CEO Joyce Rogers resigned earlier this month to join Ivy Tech Community College as vice president of development. Anders has been vice president of Black Expo’s youth and family programs and started the Expo’s State of […]
Southport shakeup. Big changes are underway at Southport and Gray roads on the south side. An LA Fitness, the city’s third, is under construction on 4.5 acres west of Gray Road. The…
A dispute between two local companies over intellectual property rights to the Graston physical therapy technique has been settled-again-three years after the parties reached their original settlement. This time, the agreement is better defined, said Michael I. Arnolt, the president of the party that forced the issue in court, TherapyCare Resources. The newest agreement, reached […]
Five state Democratic lawmakers from Anderson, Muncie and Pendleton have written a letter to Indiana Secretary of Commerce Nate Feltman to say they’re upset that their constituents were prevented from applying for the 2,000 production jobs created by the Honda Manufacturing of Indiana plant in Greensburg. The lawmakers say their constituents should be able to […]
Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses. The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier. The improvement came despite softness in flat-rolled steel and some slowness in certain bar […]
The Port Authority of Evansville may approve spending $50,000 for a feasibility study to build an inland harbor near Howell Yards railroad yard, reports the Courier & Press. The project would require cutting into the land to form a water harbor where barges could be brought. The need for an inland harbor is in response […]
Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]
Champps near The Fashion Mall at Keystone can’t serve alcohol for 15 days because of an excise violation in 2005. The suspension is part of an agreement the restaurant reached with the state…
Two of the city’s largest real estate agencies, both affiliates of Century 21, have agreed to merge and be headquartered in Carmel. Century 21 At The Crossing and Century 21 Scheetz will join, creating a company with more than 300 agents and five offices in the Indianapolis area, including downtown, Carmel, Zionsville and Greenwood. The […]
Pepsico and Johnson & Johnson are among several big companies that have sued Bloomington-based International Outsourcing Services to try to recover $150 million the companies say they were bilked out of in a coupon scheme. The suit, filed Oct. 12 in Milwaukee, claims International Outsourcing turned in invoices for coupons that had not been used, […]
Ad agency Publicis Indianapolis is suddenly scoring with sports. Though it was not known for sports marketing before this year, Publicis’ local office has nabbed two high-profile sports clients in recent months, with the Indiana Fever announcing yesterday they have struck an agency-of-record deal with the firm. Earlier this year, Publicis replaced Pearson Partners-formerly Pearson […]
