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Locally based Mansur Real Estate Services Inc. has been picked by the Speedway Redevelopment Commission to be master developer for the $500 million “Speed Zone” redevelopment project. Mansur President Charles R. Cagann said in a statement that the project would be “…one of the most ambitious, exciting and challenging we will ever have the privilege […]

Health Systems International LLC has received an equity investment from Great Point Partners LLC, a private investment firm headquartered in Greenwich, Conn., that focuses on health care. The amount was not disclosed, but Great Point said today that the funding will help the Indianapolis company bankroll acquisitions. Great Point Managing Directors Christopher M. Laitala and […]

Subaru of Indiana Automotive Inc. has received approval from the Lafayette City Council for two tax abatements on more than $100 million in new equipment and real estate investments at its Lafayette plant, according to the Journal & Courier. The 10-year abatements will save the automaker nearly $1.2 million in the first year of the […]

Forty-five jobs from a Nyloncraft Inc. operation in Bowling Green, Ky., will be shifted to a plant in the company’s headquarters city of Mishawaka in northern Indiana, the Indiana Economic Development Corp. said yesterday. Nyloncraft will invest $2 million in the Mishawaka plant and receive $150,000 in state incentives. The autoparts supplier makes plastic components […]

Pickets at the construction site of a Hilton Garden Inn in the northwestern Indiana town of Hobart slashed 14 tires, cut a telephone line to a trailer and put glue in locks late last week, the project superintendent claims. The superintendent, Kim Lackey, also said the union-based picket line hurled racial and sexual slurs at […]

Indiana Historical Society leaders are scheduled to make a major announcement tonight about an expansion of programs at its Indiana History Center downtown. The local not-for-profit maintains an extensive research library and archives on the history of Indiana, among other activities. Details will be available at IBJ.com this evening.

Indianapolis-based Cohesant Technologies Inc. has agreed to be acquired by Graco Inc. of Minnesota for $35 million. Graco said it intends to keep Cohesant’s largest unit, GlasCraft, while spinning off the rest of the company. Among other products, GlasCraft makes equipment that sprays polyurethane foams. Under the deal, shareholders of publicly traded Cohesant would receive […]

Companies are reporting declining profits and sales, which indicates they are in a recession, and the entire economy may follow suit, according to Bloomberg. Profit generated by American companies fell at an annual rate of $19.3 billion in the third quarter, said the report, which cited Commerce Department figures. Profit for companies in the Standard […]