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Software firm opens ‘living lab’ in Carmel as it works to raise first-ever venture investment

October 17, 2025 | Susan Orr

Carmel-based software company Alleo, which launched in 2019, opened a space that’s part showroom, part test and demo space for new and existing users of its online collaboration platform.

Pay freeze for Carmel mayor considered as city grapples with budget challenges

October 7, 2025 | Daniel Bradley

The Carmel City Council on Monday night heard an introduction of an ordinance that would hold salaries in place for the city’s mayor, judge and city clerk. Council members discussed if whether they, too, should forego a cost-of-living increase.

Carmel’s $55M natatorium draws international competition

October 3, 2025 | Daniel Bradley

The Oct. 10-12 World Aquatics Swimming World Cup will bring 450 swimmers, including Olympians and world-record holders, to Carmel. The event will be broadcast on NBC and Peacock in the United States and in 12 international markets.

Carmel-based Splenda maker Heartland Food acquires Slimfast US brand

September 17, 2025 | IBJ Staff

Slimfast, founded in 1977, is known for its once-popular line of meal-replacement shakes, but the brand has struggled with the emergence of new weight-loss pharmaceuticals.

Carmel estate of late Colts owner Jim Irsay sold for $11.75M

September 16, 2025 | Daniel Bradley

The 9.4-acre property was listed July 30 for $12 million and a sale was pending five days later. The property bordering Crooked Stick Golf Club features a 25,843-square-foot main residence and a 2,700-square-foot guest house.

Carmel budget proposes cuts in costs, staffing as city adjusts to new property-tax law

September 12, 2025 | Daniel Bradley

The city’s budget proposal includes funding increases for public safety and for parks, but other departments could see reductions.

Carmel software firm reaches settlement in legal dispute with former business partner

September 5, 2025 | Susan Orr

Carmel-based Max Minds, which does business as Alleo, had been embroiled in a legal dispute with a Virginia-based business partner since 2023, with each party suing the other.

Carmel-based SePro acquires California-based AI startup

August 29, 2025 | Susan Orr

SePro offers water-quality analysis services and chemicals that address problems such as algae blooms and invasive weeds in surface water sources ranging from backyard ponds to large lakes and reservoirs.

IU Athletics inks $50M naming-rights deal with Carmel-based bank for Memorial Stadium

August 21, 2025 | IBJ Staff

The sponsorship deal will put the bank’s name on Memorial Stadium’s playing field for the next two decades, IU and bank officials announced Thursday.

Developers planning $88M active-adult apartment project in Carmel

August 18, 2025 | Daniel Bradley

Plans call for a five-story building with 210 age-restricted apartments, 12,000 square feet of amenity space, a 356-space parking garage and a 1.54-acre park and trail dedicated to veterans of the United States military.

Carmel reveals design proposals for former CNO Financial Group campus

August 7, 2025 | Daniel Bradley

Architecture firms Browning Day, Ratio Design and Yard & Co. provided designs for the more than 80-acre property.

Carmel awaits proposals to turn former CNO Financial campus into mixed-use district

July 21, 2025 | Daniel Bradley

The city wants to turn more than 80 acres along U.S. 31 into a mixed-use district like those found in the city’s downtown.

Slapfish picks Market District in Carmel for 4th area restaurant

June 24, 2025 | Daniel Bradley

Restaurateurs and Carmel residents Mark and Lauren Weghorst plan to begin renovating the 3,300-square-foot space this summer before opening later this year.

Carmel-based hedge fund sues international crypto company for alleged fraud

June 23, 2025 | Maura Johnson, Indiana Lawyer

The lawsuit claims the crypto venture company lied about how much money it had raised in order to persuade the fund to also invest.

‘They make us proud of being Hoosiers’: Pacers fans celebrate Game 6 victory in Carmel’s Midtown

June 20, 2025 | Marisa Reinhard

Away from downtown Indianapolis, hundreds of Pacers fans gathered to watch—and celebrate—the Pacers’ pivotal 108-91 win.

Expansion of Carmel’s Hotel Carmichael to add 60 rooms, new ballroom and boardroom

June 18, 2025 | Daniel Bradley

Carmel-based development firm Pedcor Cos. plans to spend $10 million to $15 million to expand the hotel across four floors on the north end of the new Wren building, which is attached to the hotel.

More changes coming to Carmel Christkindlmarkt Inc. board and structure

June 3, 2025 | Daniel Bradley

The governance changes come after months of debate over the future of the Carmel Christkindlmarkt.

Carmel City Council passes single-family rental cap ordinance

June 2, 2025 | Daniel Bradley

The plan will cap the percentage of single-family rental houses and create a registration program for landlords.

Republic Airways planning second hotel at Carmel HQ campus

May 29, 2025 | Daniel Bradley

Republic’s 60,930-square-foot hotel will feature first-floor retail and 84 hotel rooms on the upper five floors for employees visiting the airline’s campus.

Customer lawsuit against Carmel-based CNO headed for trial

May 22, 2025 | Susan Orr

The class-action litigation, in which former CNO customers say they were overcharged for life insurance, is scheduled for trial in June. About $70 million is being sought for the 2,000 or so class members.

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