CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
The Carmel City Council on Monday night heard an introduction of an ordinance that would provide raises in 2025 for the city’s mayor, judge, clerk and council members.
Nearly 20 community members spoke at the beginning of Monday night’s Carmel City Council meeting, with many expressing worries about the Christkindlmarkt’s future and the treatment of former board members.
The council’s Finance, Utilities and Rules Committee said installing raised crosswalks and rapid flashing beacons, where necessary, would be more effective than setting a speed limit.
The jury deliberated for about three hours before returning a verdict in favor of Dr. Timothy Story, ending a lawsuit that lasted for about 3-1/2 years.
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
Parks Director Michael Klitzing told IBJ the department over the next 10 years will need $6.5 million per year in capital funding to maintain its current assets and $11.5 million per year in capital funds to develop new parkland.
3rd Shot Pickleball received approval this week from the Carmel Plan Commission’s Residential and Commercial Committee to retrofit a building with 15 courts.
The seven-year sponsorship deal renames the not-for-profit arts organization and its three-venue campus the Allied Solutions Center for the Performing Arts.
Merchants Bank’s new chief financial officer, Sean Sievers, comes to the Carmel-based bank after holding similar positions at some of the nation’s largest banks and mortgage lenders.
Plans for the project call for 120 apartments, a 125-room high-end hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
The five-year-old company is developing treatments for endocrine and metabolic disorders, such as hypoparathyroidism, post-bariatric hypoglycemia and obesity. Its positive reception on Wall Street was seen as an extension of the general enthusiasm for obesity treatments.
Jim Barnes and John Stitz built the Carmel-based supply-chain technology consultancy from a two-man startup to a company with $113 million in revenue and hundreds of employees. Barnes has now filed a lawsuit against Stitz.
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
The Carmel City Council on Monday night voted 8-0 to remove rules instituted two years ago that required The GOAT to have earlier closing times, no outdoor speakers and a neighborhood hotline.
