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Former Dunkin building targeted for major renovation
Several local real estate sources say Keystone Group CEO Ersal Ozdemir is close to purchasing the former home of Dunkin Donuts. His plans for the building at the high-profile corner of Washington and Pennsylvania streets include adding a second story.
Stonegate raises $115M to fund jumbo mortgage expansion
The fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
Kennedy partners with Olympic runner to buy shoe chain
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana’s BlueMile chain.
EPA seeks to add Keystone property to Superfund list
The U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to its highest priority cleanup list for hazardous waste sites.
Lilly Endowment’s $3.4M grant to bring more teachers to Indy
Indianapolis-based education reform group The Mind Trust will use the grant to help support teacher recruitment and training programs such as Teach for America.
Indiana ambulance plant with 165 workers closing
The decision to close the Elkhart factory comes two weeks after Allied Specialty Vehicles bought SJC Industries. Production will be moved to a Florida factory in the coming months.
Speedway sells $3 million in new Indy 500 sponsorships
By creating new sponsorship categories and filling vacated ones, the Indianapolis Motor Speedway has brought on 23 new sponsors this month. Teams, too, are bringing on new corporate partners.
Pittman pitches $90M mixed-use project for Zionsville
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
ESPN counting on story lines to sell Indy 500
There is no shortage of compelling story lines accompanying Sunday's race, leaving television executives feeling confident about another bump in viewership this year.
Indiana BMV says it may have overcharged for licenses
The Bureau of Motor Vehicles made the acknowledgement in a response to a class-action lawsuit that alleges Indiana collected up to $30 million more than it should have by charging drivers more for licenses than allowed by law.
May 23-29 IBJ A&E Priorities: 500 events, ‘Star Wars’ exhibition, and more
Need some help planning your Memorial Day weekend? Here are some A&E choices including a new show at the Indiana State Museum, free park concerts, and more.
New type of cinema grill eyeing Indianapolis
Flix Brewhouse in Texas is looking to expand, real estate sources say, and Indianapolis is on the list of cities it’s eyeing. Flix shows first-run movies while serving its own beers.
Feds used wire tap, undercover agent in Land Bank probe
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say was orchestrated by two city employees and three co-conspirators.
Fox59 lands news director from Grand Rapids
Kerri Cavanaugh will replace Lee Rosenthal, who oversaw a major expansion of Fox59’s news programming.
‘Sports hub’ forum planned
Two athletic-oriented groups plan a public forum next week to discuss ways to turn central Indiana into a hub for sports innovation. The American College of Sports Medicine and the Indiana University School of Physical Education and Tourism Management at IUPUI will conduct the free forum on May 28 at the NCAA headquarters in downtown Indianapolis.
Storms leave hundreds powerless
Overnight storms with wind gusts up to 60 mph left hundreds without power in Indiana, including in Noblesville, where high winds caused property and tree damage. Nearly 2,000 homes and businesses were without power Tuesday morning in Hamilton County, causing school delays.
Bank robber hits Broad Ripple
Indianapolis police are searching for a man who robbed the Huntington Bank branch in Broad Ripple at about 9:20 a.m. Tuesday morning. The suspect fled on foot. Witnesses said he wore a red bandana, black hoodie and blue jeans, and was carrying a weapon.