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UPDATE: Simon, partners bid $81 million for bankrupt Forever 21 chain

February 3, 2020 | Greg Andrews and Associated Press

The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.

Saladworks to launch aggressive Indiana franchising strategy with Westfield store

January 30, 2020 | Kurt Christian

The CEO of a fast-casual restaurant that offers customizable salads said there’s potential for 20 franchised locations in central Indiana.

Woman: School district failed to protect her from swim coach

January 30, 2020 | Associated Press

The victim, now 18, filed a federal lawsuit Wednesday in U.S. District Court in Indianapolis accusing Carmel Clay Schools and the district’s high school swim coach, Chris Plumb, of allowing her sexual exploitation to continue despite warnings.

Small retailers gather at east side’s W Street

January 30, 2020 | Susan Orr

The repurposed building at Washington and Post formerly housed Liberty Bell Flea Market. Also this week: New Bottleworks tenants, Circle Centre food court departures and more.

With restaurateur Brown out, Oesterle seeks new tenant for old 38th Street bank building

January 30, 2020 | Mickey Shuey

Local restaurateur Neal Brown has scrapped plans to open what he had planned to call Midtown Brasserie in a 73-year-old art deco building at 215 E. 38th St.

Crestline plans $21M mixed-income apartment project on near-north side

January 28, 2020 | Mickey Shuey

The Indianapolis Neighborhood Housing Partnership bought the property on Meridian Street last year in hopes of finding a developer that would create affordable housing. Indianapolis-based Crestline fit the bill.

Local Bar Louie restaurants escape parent’s bankruptcy-related closure list

January 28, 2020 | IBJ Staff and Bloomberg News

Gastropub chain Bar Louie Restaurants filed for Chapter 11 bankruptcy on Monday and closed 38 corporate-owned restaurants across the country. But the Addison, Texas-based chain’s two Indianapolis-area locations are franchises and remain open.

2019 mergers and acquisitions that lacked prices

January 24, 2020

Here are notable Indianapolis-area mergers and acquisitions that closed in 2019 for which financial details were not available.

Health care systems scramble to offer latest in cancer care

January 24, 2020 | John Russell

Indiana University Health’s new Schwarz Cancer Center is the latest addition to a crowded landscape of cancer centers and hospital oncology programs popping up around central Indiana.

Veterinary practice growing at greyhound speed

January 24, 2020 | Susan Orr

Indianapolis-based Pet Wellness Clinics opened its first clinic in Fishers in 2005. The company became profitable a year later and has been in the black—and growing—ever since.

Health care bills unlikely to remedy cost crisis

January 24, 2020 | Lindsey Erdody

Republican leaders of the Indiana General Assembly and Gov. Eric Holcomb have made addressing high health care costs a top priority this year, but the bills proposed to do so are unlikely to have much direct impact.

Merchants Bancorp shuffles executive team, names new bank CEO

January 23, 2020 | IBJ Staff

Carmel-based Merchants Bancorp announced several promotions Thursday that change top leadership at two of its subsidiaries, including Merchants Bank.

Recording studio/audio school coming to Broad Ripple

January 23, 2020 | Susan Orr

The Round Table Recording Co. will offer both audio recording/production and a school for those who want to learn the business. Also this week: Orangetheory Fitness and Goldfish Swim School.

Lawmakers push health care cost-saving, price-transparency bills forward

January 22, 2020 | Lindsey Erdody

The measures are largely focused on ending surprise billing for patients, creating an all-payer claims database and requiring health care providers to give patients costs estimates in advance.

City Center tenants expand with new concepts

January 22, 2020

The owners of Matt the Miller’s Tavern and InCycle indoor cycling studio are both opening second businesses in the Carmel mixed-use complex.

Jury awards doctor $4.75M in defamation, fraud case against St. Vincent

January 17, 2020 | Dave Stafford / The Indiana Lawyer

The doctor, an obstetrician and gynecologist, claimed she had been wrongly accused of having alcohol on her breath while on duty.

IHSAA commissioner Cox planning to retire in August

January 16, 2020 | Associated Press

As commissioner, Bobby Cox pushed for more corporate sponsors and better technology while promoting better sportsmanship and stronger health initiatives.

Bru Burger Bar picks Keystone Crossing site for 11th location

January 16, 2020 | Mickey Shuey

Plans call for the gourmet burger restaurant to occupy 4,855 square feet on the ground floor of a new office building, with indoor seating for up to 135 people and additional patio seating.

Walgreens bringing new small-store concept to city’s south side

January 16, 2020 | Susan Orr

The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.

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