Alleys of devastation
Plenty of stories have been published and aired in recent days about migration…
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Cafe Patachou owner opening pizzeria-WEB ONLY
Cafe Patachou owner Martha Hoover plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets. The new venture, called Napolese, should be ready by late fall and will feature traditional, Neapolitan-style pizza. Hoover said she decided to branch out from her popular cafe concept to bring another variety of pizza […]
Receiver sale for CityView
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…
Foreclosed tower goes up for sale-WEB ONLY
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
Safety improvements begin on north U.S. 31-WEB ONLY
Police officers and traffic officials will implement a variety of changes today as they try to improve safety on a busy highway in Hamilton County. Law enforcement patrols along U.S. 31 between Carmel and Westfield will identify drivers who speed, follow too closely or drive aggressively. Other efforts include lower speed limits in some areas, […]
Foreclosed tower goes up for sale-WEB ONLY
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]
If Dow AgroSciences sells, let’s hope it’s not to a rival
Private equity firms have a reputation as ruthless acquirers. They slash fat and jettison sluggish product lines, all in a quest to wring out higher profits and grow the parts of the business with the most potential. For Indianapolis-based Dow AgroSciences—or at least for its 1,200 local employees—a buyer like that would be a godsend. […]
DINING: Upscale eatery makes its mark on Shelbyville casino
One of just three Maker’s Mark restaurants in the country—the others are in Louisville, Ky., and Kansas City,
Mo.—the upscale eatery would have been a good fit in downtown Indianapolis or in one of the suburban dining-and-shopping
meccas.A.J. Gallagher & Co. strikes again, hires two more benefits brokers
National acquisition-and-merger rage among benefits firms continues as Gallagher swallows groups in Noblesville and Louisville.
Gallagher’s Carmel office grows its client portfolio to 300.SBA loan approvals for May 2009
Small Business Administration loan guarantees in May. These businesses have received loans from financial institutions with a guarantee from the SBA.
Gallagher strikes again, buys two more brokers-WEB ONLY
The Carmel office of A.J. Gallagher & Co. kept the local consolidation of benefits brokers rolling with two more deals this month. But Gallagher is now shifting its buying spree away from health insurance while the health care reform debate plays out in Washington. Locally based The Benefits Group and Louisville-based Creative Benefits Solutions came […]
Half of state’s public-company CEOs saw pay rise in 2008
For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state’s public-company executives
saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total
return in 2008, and 46 companies shed more than one-third of their stock market value.State budget plan cuts $70M in tech funding-WEB ONLY
Supporters of a state program that invests in high-tech startups are rallying to restore its $70 million appropriation to a budget proposal under consideration by legislators. Democrats who control the Indiana House of Representatives advanced their version of a new state budget to the full chamber Monday after the House Ways and Means Committee endorsed […]
State budget plan cuts $70M in tech funding-WEB ONLY
Supporters of a state program that invests in high-tech startups are rallying to restore its $70 million appropriation to a budget proposal under consideration by legislators. Democrats who control the Indiana House of Representatives advanced their version of a new state budget to the full chamber Monday after the House Ways and Means Committee endorsed […]
Zionsville airport wraps up stimulus project-WEB ONLY
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Zionsville airport wraps up stimulus project-WEB ONLY
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Arts backer Efroymson returns to contemporary museum he helped start
Jeremy Efroymson recently agreed to return to the financially flailing Indianapolis Museum of Contemporary Art as its executive
director and work for free. Efroymson, one of the museum’s early leaders, has a strategy for seeing IMOCA through a financial
rough spot, but what remains unclear is how the museum will wean itself off his support.Browning acquires 43 homes for $100 million mixed-used development in Carmel
Developer Brown Investments has reached terms with the owners of 43 of 49 homes in the North Meridian Heights neighborhood
in Carmel. Browning plans to demolish the homes to make way for a $100 million commercial development over 17 acres.Carmel neighborhood sold-WEB ONLY
Residents of North Meridian Heights in Carmel watched for years as development inched closer to their neighborhood of 1950s ranch-style homes on spacious lots. St. Vincent Carmel Hospital opened to the north, upscale condos sprouted to the east, and a $100 million office, hotel and retail project called Meridian & Main began taking shape to […]
Making a cultural comeback-WEB ONLY
Jeremy Efroymson considers himself a venture philanthropist. The 40-year-old arts enthusiast and adviser to the $127 million Efroymson Fund has backed a number of startup projects. One of his boldest moves was to help launch the Indianapolis Museum of Contemporary Art, or IMOCA, which has exhibited nationally known artists since 2003. He also started the […]