The now famous housing bubble has been blamed for many of our nation’s problems. In truth, it is the opposite. The
massive private debt, including mortgage debt, was made possible by lax lending practices.
A new fresh grill and wine bar called Seasons 52 is planning a 9,000-square-foot restaurant to replace El Torito Mexican
Grill in front of The Fashion Mall at Keystone, IBJ.com reported June 14.
A letter dated Thursday from GOP Sen. Mike Delph of Carmel and signed by more than 20 other Republicans asks Bloomington officials
to "take a step back" from their plan to avoid business with Arizona companies because of that state's new immigration
law.
The longtime accounting firm for Simon family interests objected to subpoenas it received from Melvin Simon’s daughter
Deborah, saying the information
requested was far too broad.
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
In a name change that sounds like a merger of perfidy and profanity, Quadraspec Inc. is now called Perfinity.
Actually, the West Lafayette-based company merged itself into a sister company, Perfinity Biosciences Inc.
That company was created to commercialize a new method of biological sample preparation, developed by Fred Regnier, one of
the founders of Quadraspec. The shareholders of Quadraspec will remain the owners of Perfinity, and they have committed an
extra $2.33 million to the company. Quadraspec, which has raised more than $20 million in outside investment capital, makes
DVD-like discs capable of holding 272 samples that can be analyzed by a reading machine, like a DVD player.
Who knew? The Clarian North Medical Center in Carmel—famous locally for its terrazzo marble interior—is
the 20th most-beautiful hospital in the nation. At least according to health care staffing firm Soliant Health. The Georgia-based
firm built its rankings on votes cast on its Web site. In a press release, Soliant noted that beautiful surroundings help
people heal better. Not mentioned was that pretty hospitals in rich suburbs also tend to attract patients with the money and
private insurance plans to make a hospital profitable.
St. Vincent Health finally won the go-ahead from the Lawrence County Commissioners and County Council to
absorb Bedford’s Dunn Memorial Hospital. St. Vincent now operates 19 hospitals around the state and
has a joint venture with Clarian Health on a rehab hospital in Indianapolis. The Bedford hospital will now be known as St.
Vincent Dunn Hospital. Bedford is one of the places outside of Indianapolis where Clarian and St. Vincent, the state’s
two largest hospitals systems, are competing head-to-head. Clarian owns the cross-town Bedford Regional Medical Center.
AIT Laboratories plans to create as many as 160 jobs by 2014 and move its corporate headquarters to the
northwest side. The Indianapolis-based forensics, clinical and pharmaceutical testing firm plans to invest $74 million to
acquire and equip an existing 90,000-square-foot building in Woodland Corporate Park near West 79th Street and Interstate
465. AIT also plans to build a toxicology lab adjacent to its new headquarters. Its clients range from law-enforcement agencies
to physicians.
Using U.S. Census data, the Indiana Business Research Center finds Indianapolis’ population grew by 6,854 residents last year
while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
A flea market is replacing a former bowling alley. Plus: A new candy shop planned for Noblesville; Monical’s heads to Lawrence;
and Panda Express eyes IUPUI campus.
Both Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification
law, which they would have a role in enforcing as the top state election official.
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
Seeing a lack of timely, accurate information about pay and benefits at local not-for-profits, two consultants have launched
an online compensation survey.
A major point of congestion is about to clear for drivers in Carmel. Keystone Parkway between 126th Street and 136th Street
will reopen for traffic Saturday; it has been closed since May 10 to expedite work on a roundabout interchange at Main Street.
Carmel officials say the closure saved the city about $500,000 and a month and a half of construction time. Fox59 will have
more on the Keystone project at 4 p.m.
