Charter operator spending $10M to relocate elementary school to former warehouse
Paramount Schools of Excellence bought the 55,000-square-foot building in the Cottage Home neighborhood for about $3.2 million.
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Simon Property’s fourth-quarter performance exceeds expectations
The Indianapolis-based shopping mall giant topped analyst predictions for funds from operations and revenue in the latest quarter.
Carmel council members seek answers over hotel’s cost overruns
A double-barrel audit may be the next step in scrutinizing why Carmel’s boutique hotel project, The Hotel Carmichael, is about $20 million over its original budget.
Indiana push for pregnant worker protections gets sidelined
The proposal faced opposition from some business groups, including the Indiana Chamber of Commerce and the Indiana Manufacturers Association.
Amazon plans new Indianapolis-area distribution facility with up to 1,000 employees
The Seattle-based e-commerce company plans to use a 660,384-square-foot building that’s already under construction for an an “inbound cross dock” center.
IBJ Podcast: Colts legend Gary Brackett wants to turn his underdog story into a movie
Gary Brackett talks with podcast host Mason King about the challenges of making a movie, why he thinks he has a good story to tell and why he’s not just funding the movie’s $2.2 million to $2.5 million budget.
Carmel hotel project more than $20 million over original budget
City officials, on Friday night, said the total price tag for the city-backed Hotel Carmichael project has risen to $58.5 million due to rising construction and labor costs.
Judge orders mediation in fight between city, Ambrose over Waterside project
Marion Superior Court Judge Timothy Oakes said he does not believe the court system was the correct arena for the dispute, which he said is more of a business conflict than a legal matter.
Frustrated health consumers turn to apps, websites to find lowest drug prices
In recent years, a host of online websites and smartphone apps—such as GoodRx, Blink Health and Script Saver—have popped up to help people find the lowest price for prescription medicines. By using them, consumers can save thousands of dollars a year on their prescriptions if they don’t mind shopping around and buying some of their drugs outside their insurance plans.
Former Colt Gary Brackett raising money for a movie about his life
The Indianapolis restaurateur, who owns the Stacked Pickle chain, has been working since 2017 to bring his story to the big screen; this month, he launched a crowdfunding campaign to help raise part of the cost.
Can BlueIndy flop become transit opportunity for city?
Stakeholders tell IBJ they’d like to see the electric-car-sharing service’s infrastructure continue to be used in some fashion.
Like never before, marketers are using your personal data to tailor their messages
Your smartphone, tablets, speakers and smart TVs are all acting as magnifying glasses for companies that pay billions of dollars to get an up-close and personal view of you.
Developer plans 384-unit apartment complex as part of 137-acre south-side project
Locally-based Sheehan Development is seeking approval to rezone land on the northwest corner of South Arlington Avenue and East County Line Road—directly east of Interstate 65—for a project with multifamily, commercial and light industrial uses.
Amazon’s latest milestone: 150 million Prime members
The staggering number of Prime members is sure to spook other retailers. Analysts have said Prime subscribers typically spend more of their money at Amazon than other places.
Saladworks to launch aggressive Indiana franchising strategy with Westfield store
The CEO of a fast-casual restaurant that offers customizable salads said there’s potential for 20 franchised locations in central Indiana.
Litz & Eaton sells three stalled properties to other developers
Indianapolis-based development firm Litz & Eaton Investments LLC—whose principals are entangled in several legal battles as part of a messy split—sold the properties to other companies who plan to move forward with developing the sites.
Buttigieg sharpens Biden, Sanders attacks as Iowa caucuses near
It was a notably more aggressive tone from the 38-year-old former South Bend mayor, who has risen from an asterisk into contention in Iowa on a message of hope and inclusion.
Versatile auto racer John Andretti dies at 56
Andretti won on dirt tracks, street courses and superspeedways. He won an endurance race, competed in dragsters and became an iron man in IndyCar and NASCAR. And he used his platform and passion for racing to help others.
Anthem sues senior executive who took job with competitor, demands return of $4M
The Indianapolis-based insurer said the former senior vice president and general manager of its Commercial Business division violated terms of his executive agreement by taking a position as president and CEO of Health Net LLC of California.
City-County Council calls for IPL to retire Petersburg coal plant by 2028
This week, the Indianapolis City-County Council passed a special resolution that calls on Indianapolis Power & Light to shut down its largest generating station 14 years sooner than currently planned.