The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
The owners of the 18-acre former Angie’s List campus just east of downtown are relying on a promise of lower rent, connectivity with downtown, and the potential for future nearby development to draw tenants.
The company, eHealth Inc., is led by Scott Flanders, an Indianapolis native and former CEO of Macmillan Publishing in Carmel and Playboy Enterprises in Chicago.
The company has been bleeding red ink, but its Medicare business is booming and could ring up nearly $100 million in profit this year—if the company can hire enough people to help all the seniors calling in with questions.
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
The Cook family is holding its cards close to its vest, saying only that it’s “excited to expand operations of (its) businesses to the downtown Indianapolis territory.”
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Green District is a quick-service restaurant that offers build-your-own and specialty salads. A second Indianapolis-area location is already in the works for Carmel.
The company hired Patti Kolodziejczyk as vice president of application delivery and promoted Doug Williams to vice president of finance and administration for the company’s Bankers Life brand.
The next generation of wireless internet will provide super-fast service, longer battery lives and a wealth of capabilities. But it comes at what some view as an aesthetic cost.
A Washington, D.C.-based not-for-profit group has launched a co-op for residents and businesses in Hamilton County who want to install solar panels at a group rate.
