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Articles

Blog: Finale underway for Piano Merchant

December 27, 2007

The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue, IBJ’s Property Lines blog reports. One of the three partners is ill and another is ready to retire, said Doug Lawson, the store’s general manager and the third partner. The group closed its Carmel store […]

A&E: Lingering effects: The year’s best A&E

December 31, 2007

When I came on board as IBJ’s arts and entertainment editor back in May, I had no idea to what degree critical coverage of Indianapolis’ cultural offerings would be embraced by the publication and its readers. Well, I’m happy to report that the response has been terrific. And so, shortly after this weekly A&E column of reviews began appearing in IBJ, we launched a Thursday e-mail blast of previews and ticket giveaways (sign up for free at www.ibj.com/enews). That, too,…

SMALL BUSINESS PROFILE: RIPPLE BAGEL & DELI LLC: Now for something completely different Retirees sell medical-supply firm, try deli business

December 31, 2007

SMALL BUSINESS PROFILE RIPPLE BAGEL & DELI LLC Now for something completely different Retirees sell medical-supply firm, try deli business Often, when retirees aren’t ready to really retire, they line up consulting gigs or take a part-time job in their industry. When Ken and Susan Richman sold their locally based medical-supply distribution business, Fulfillment Plus, to employees in 2002, they decided to start a business in an entirely new industry-one known for a high failure rate. The Richmans had no…

Troubled mall owner goes up for sale

January 2, 2008

A giant Australian shopping mall company with four Indianapolis properties has put itself up for sale after a buying spree of U.S. malls drove it into financial problems. Centro Properties Group said today it is “evaluating options” to secure its financial viability. The company has a deadline of Feb. 15 to refinance $3.4 billion in […]

Yats, Aldi and another steakhouse

January 2, 2008

Montana Mike’s, a Kansas-based steakhouse chain, hopes to claim Indianapolis as a lucrative new market. The chain wants to open in Greenwood first, said Madison Jobs, Montana Mike’s vice president of franchise…

ChaCha rolls out search service for cell phones

January 3, 2008

Human-assisted Internet search engine ChaCha today is launching a service allowing users to make inquiries via text messages on their mobile phones. “Whether you’re walking through the mall or driving down the highway, you can very quickly get answers through ChaCha,” said ChaCha CEO Scott Jones. To attract interest, Carmel-based ChaCha will offer the service […]

Telamon sells broadband service business

January 4, 2008

Officescape, an Indianapolis-based provider of technology for offices, has bought BMS, a broadband management service, from Telamon Corp. in Carmel for an undisclosed price. Officescape said the transition would be seamless, and that the nine BMS workers would be offered jobs. Headquartered at 8910 Purdue Road on the northwest side, locally owned Officescape has 20 […]

Running Co. takes aim at sporting-goods giants

January 7, 2008

Retired Olympic distance runner Bob Kennedy and his business partner, Ashley Johnson, have expanded their Running Co. to four
stores. The most recent expansion is their boldest yet, pitting them against mall giants Dick’s Sporting Goods, The Finish
Line and Foot Locker for supremacy among south-side runners and walkers.

VIEWPOINT: The trouble with public schools: Too public

January 7, 2008

The problem with public education is that it has become too “public.” Back in the days when boards of education possessed all power over construction of school facilities, a few boards around the state were far too eager to build elaborate educational and athletic palaces when functionally and technically efficient classrooms were all that were really needed. The outrage from a handful of property taxpayers finally reached the Statehouse. (The outcry over a proposed football facility in the Carmel-Clay School…

New mutual fund launched in Carmel

January 7, 2008

A father and son have started a mutual fund in Carmel based on an investment strategy they used for their personal investments, and which they say left Standard & Poor’s 500 returns in the dust. Bob Auer, who was vice president of investments at Morgan Stanley from 1986 to August 2007, and his father, Bryan […]

GramTel acquired by Cincinnati Bell

January 8, 2008

South Bend-based GramTel USA Inc. has been acquired by Cincinnati Bell Inc. for about $20 million. GramTel, which was a unit of Chicago-based Jordan Industries Inc., provides disaster recovery, data backup and related services. It expects to post revenue of about $5 million for 2007, a 73-percent increase from 2006. In early December, Cincinnati Bell […]

Super hero museum closes

January 8, 2008

Superman leaps tall buildings in a single bound (note: If he can fly, why does he bother leaping? Just asking).

Dane Nash took his own enormous leap—of faith—when he decided to put his Superman and Batman memorabilia collection—including a full-sized Batmobile…

Naked in Carmel

January 9, 2008

Few would object, on the one end, to a Norman Rockwell painting being hung in an art gallery window.

Few, at the other end, would approve of a city park screening of a Jenna Jameson skin flick.

But where is the line…

Mental health docs tap executive market: Carmel’s Indiana Health Group opens high-end suite

January 14, 2008

Greg Sipes likens the new executiveservices suite he and his partners opened three months ago to a BMW. Its quality is solid, to be sure, but what makes people want to drive it is its look and feel. It’s an apt comparison for the 2,500-square-foot wing of the new offices of Sipes’ behavioral health practice, Indiana Health Group. A set of boardroom-like double doors leads to a waiting room with shiny hardwood floors, dark wood paneling, plush rugs, overstuffed chairs…

Real estate exec with lavish lifestyle accused of $160M fraud

January 14, 2008

A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.

Roberts closes Bloomington photography store

January 15, 2008

The unrelenting growth of Internet sales has prompted Indianapolis-based Roberts Distributors LP to shutter its Bloomington store. General Partner Bruce Pallman said the store, located on Kirkwood Avenue near the Indiana University campus, will close Feb. 29 after 12 years in business. It had bled more than $100,000 a year for three years in a […]

Who wants a piece?

January 15, 2008

A Michigan-based bakery and cafe concept plans to open as many as six new restaurants in Indianapolis, beginning with a location at U.S. 31 and Stop 11 Road. Grand Traverse…

Westfield hopes to draw business farther north

January 21, 2008

Westfield hopes to draw business farther north New development could reduce residential tax rates Judge and Ging Jones moved to Westfield more than a decade ago to escape the congestion and crowds of Carmel. They wanted to live in a safe, friendly community with good schools where they could leave their doors unlocked during the […]

Spotlight on Hamilton County

January 21, 2008

Spotlight on Hamilton County Named for Alexander Hamilton, a member of the Continental Congress and a framer of the U.S. Constitution 5 LARGEST CITIES/TOWNS population Fishers ………………………………………61,840 Carmel ………………………………………60,570 Noblesville ………………………………….40,115 Westfield ……………………………………13,444 Cicero …………………………………………4,400 5 LARGEST EMPLOYERS employees Sallie Mae…………………………………….2,300 Conseco Inc. …………………………………2,300 Marsh Supermarkets Inc………………….1,650 Resort Condominiums International ….1,200 EDS Corp. …………………………………….1,200 COUNTY […]

BOONE COUNTY

January 21, 2008

BOONE COUNTY Hotel, water park planned Two projects, including a hotel and water park complex, are poised to join Duke Realty Corp.’s Anson development at the Interstate 65 and State Road 334 interchange. An affiliate of locally based Street Corner Group LLC expects construction to begin this year on the $50 million water park/hotel project […]

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