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Developer, neighbors reach last-minute deal on $61M apartments project north of Broad Ripple

February 5, 2024 | Mickey Shuey

The agreement between J.C. Hart Co. and residents of the Oxbow Estates and Spirit Lake condominiums cleared the way for the City-County Council to unanimously approve a rezoning of the former Willows Event Center property.

The RoomPlace to close all six Indianapolis-area stores

February 2, 2024 | IBJ Staff

The restructuring plan will allow the business to refocus its efforts on strengthening its 18 Chicagoland stores, a news release stated.

Developers planning 188-unit apartment project in Whitestown

February 1, 2024 | Daniel Bradley

Brown Capital Group and Strategic Capital Partners previously partnered to develop Greenview Apartments, a 216-unit development adjacent to the future site of The Grove.

Original Mimi Blue restaurant closes on Mass Ave

January 31, 2024 | Dave Lindquist

No Mimi Blue restaurants remain for the meatballs-focused concept that grew to three central Indiana locations in 2018.

Carmel mayor reviewing sister-city agreement with Chinese community

January 31, 2024 | Daniel Bradley

Mayor Sue Finkam’s announcement came after U.S. Rep. Jim Banks called on the city of Carmel to withdraw from a sister-city agreement executed by the former mayor and to refuse trips organized by groups linked to China’s ruling party.

Bill to undo Mile Square property tax passes House with support from Speaker Todd Huston

January 30, 2024 | Peter Blanchard

As an alternative, the House approved a separate measure that would allow the City-County Council to increase the countywide local income tax by .02% to help pay for the operating costs of a homeless shelter and various improvements in the city’s Mile Square.

Banks calls on Carmel to withdraw from Chinese sister-city agreement

January 30, 2024 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

The rebuke from U.S. Rep. Jim Banks came after a Washington Post report that former Carmel Mayor Jim Brainard had traveled to China before he left office last year. Banks warned that sister-city agreements can unduly influence U.S. cities to support problematic Chinese policies.

Tired of hostile Washington, China courts Indiana and Minnesota

January 30, 2024 | The Washington Post and IBJ Staff

Chinese officials are seizing on opportunities to forge ties with mayors and other local American leaders, the kinds of connections that give Beijing leverage against an increasingly hostile government in Washington.

Menswear store to move to newly purchased downtown building with addition in the works

January 30, 2024 | Mickey Shuey

A couple whose custom menswear shop was looted during the 2020 downtown protests have doubled down on East Washington Street.

Indiana’s health care and life sciences sector sees VC funding drop 54% in 2023

January 29, 2024 | John Russell

Thirty-four Indiana companies landed $287 million in venture capital in 2023 to help finance a wide array of technologies, from medical isotopes to stem-cell therapies, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life sciences sector and tracks the funding.

Experts say 2023’s sluggish venture activity could last well into 2024

January 26, 2024 | Susan Orr

According to PitchBook data, Indiana firms attracted $730.5 million in venture investments last year, down 2% from the $748.7 million they landed in 2022. The number of venture deals dropped 13%, from 188 in 2022 to 164 in 2023.

Struggling Alpine 4 jettisons subsidiaries

January 26, 2024 | Susan Orr

Alpine 4 Holdings Inc., whose subsidiaries include Indianapolis-based RCA Commercial Electronics, says it is struggling “with unparalleled challenges.”

On the move: Noblesville Mayor Chris Jensen focuses on building city and region

January 26, 2024 | Daniel Bradley

Chris Jensen, 39, became the city’s first new mayor in 16 years when he succeeded Republican John Ditslear in 2020. While the pandemic provided a roadblock, Noblesville has still experienced a flurry of development in the past four years.

GOP gubernatorial candidates share a friendly spotlight in Carmel

January 26, 2024 | Peter Blanchard

Five of the Republican candidates for governor addressed a conservative-friendly crowd in Carmel on Thursday night, each seeking to differentiate themselves by highlighting their qualifications and personal experience..

Former virtual school leaders face decades in prison if found guilty in alleged enrollment scam

January 26, 2024 | MJ Slaby, Chalkbeat Indiana and Amelia Pak-Harvey, Chalkbeat Indiana

The operators of the now-closed schools allegedly inflated the enrollment by thousands of students and accepted more than $44 million in state funding, per a federal indictment from last week.

Cease-and-desist order issued against Carmel financial firm, CEO

January 24, 2024 | Susan Orr

The Indiana Secretary of State’s Office has issued a cease-and-desist order against Carmel-based ReJoyce Financial LLC, its CEO Alexander Joyce, and two other parties.

CNO seeks buyer for 78-acre Carmel office campus with vision to redevelop site

January 23, 2024 | Mickey Shuey

The publicly traded firm, which said in June that it would move its operations to the OpenLane Inc. building at 11299 N. Illinois St., sees potential for residential and retail development and different kinds of office uses.

Aldi eyes Westfield for its fifth store in Hamilton County

January 23, 2024 | Daniel Bradley

The discount grocer, which has 82 stores in Indiana, is seeking approval to build a 20,000-square-foot store in the fast-growing north-side suburb.

State lawmakers advance bill to overturn local pet store regulations

January 23, 2024 | Taylor Wooten

The bill would void ordinances that affect retail dog sales in 21 Indiana municipalities, including Indianapolis, Carmel and Bloomington.

Assessed value boom in Indiana drives jump in maximum levy appeals

January 22, 2024 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana’s local units of governments increasingly seek reviews that could mean more funding.

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