City backs string of high-profile real estate projects
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.
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2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.
Political neophyte Ballard cruises to second term
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
HOWEY: Mayoral glass ceiling persists in big cities
A male candidate is more likely to get away with the bare-knuckled political brawls than a young mother.
Sales/acquisitions
-Laco Properties LP bought 112 units of multi-family housing in buildings at 3360 N. Meridian St., 3537-43 N. Pennsylvania St. and 842 N. Capitol Ave. The price wasn’t disclosed. The buyer was represented by Gary Merritt of Whitsett Group. The seller, Laco Towne Club Apartments I, was represented by Scott Pollom of Cassidy Turley.
-Lynhurst Investments LLC bought a 2,289-square-foot retail property at 5224 W. Southern Ave. The price wasn’t disclosed. The buyer was represented by Jeff Daniel of Commercial Concepts Realty LLC. The seller, GE Capital, was represented by Allison Tiefel of Cassidy Turley.
Pulliam trust plans to boost giving for environment
Starting with a $1 million grant to Marian University’s EcoLab, the Nina Mason Pulliam Charitable Trust plans to start giving a greater share of its money to environmental groups.
New road contracts are built for speed
A bidding method being used more often by the state is likely to reduce misery for motorists and merchants in the path of a highway project. Project completion time is now a major consideration in reviewing road-work bids that were traditionally evaluated almost entirely on cost.
Keystone Towers redevelopment could start in April
The first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments. Another 80 units would follow, complemented by a retail component.
Allison reaches production milestone
Manufacturer churns out 5,000th system for hybrid buses, a transmission used round the world.
Engineer wants to bring 3D printing to masses
Doug Keenan, a 49-year-old electrical engineer and entrepreneur, is tackling something so cutting-edge that most of humanity doesn’t know it exists: 3D printing, or rapid prototyping.
Ski-lodge-themed facility planned for Union Station
The NFL is spending hundreds of thousands of dollars to build a posh 15,000-square-foot hospitality area inside Union Station’s Grand Hall for this year’s Super Bowl. The facility will be a perk for the league’s best corporate partners, former players and coaches, and other high-rollers.
Lifestyle Family Fitness closes 2 locations, sells 2 others
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
Suburban-hotel mayhem whipsaws entrepreneur
Two of Sanjay Patel’s hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
Life Time buys out Lifestyle; 2 Indy fitness centers closing
Florida-based Lifestyle Family Fitness plans to close two of its facilities in Indianapolis—at 82nd Street near Dean Road and along Shelby Street just south of Stop 10 Road—by the end of November.
Allison Transmission profits surge on global sales
The manufacturer was more profitable in the first nine months of this year than all of last year.
Allison Transmission still chasing initial public offering
Allison Transmission Inc. hasn’t given up on going public, despite nearly eight months passing since its initial filing with the Securities and Exchange Commission.
Experts discuss Super Bowl XLVI in Indianapolis
Figures who played key roles in attracting the big game and for making the event a success share their insights.
Police chase ends in 6-car crash
A police chase ended in a multi-vehicle crash and minor injuries to two people Thursday night in Fishers. Six cars were involved in the crash near 116th Street and Allisonville Road. Police were responding to a call about a potentially suicidal female and located her near the Sam's Club parking lot on 96th Street. When an officer approached, she took off in her van, starting the short chase. No charges were immediately filed.
Ener1 becomes latest energy aid recipient in trouble
Electric-car battery maker Ener1 Inc., whose shares were delisted from the NASDAQ stock market Oct. 28, is the latest recipient of U.S. Energy Department aid to run into financial trouble and draw congressional scrutiny.