Vote fails to declare Carmel City Council member’s seat vacant
Bruce Kimball, who represents Carmel’s Central District, last attended a council meeting in December 2020 before he suffered a stroke.
Carmel
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Central Indiana cities plan new regional development authority
The new Central Indiana Regional Development Authority initially would include Anderson, Carmel, Fishers, Indianapolis, McCordsville, Noblesville, Westfield and Zionsville.
Carmel, Westfield expand, build new libraries as demands for services change
The construction is happening at a time libraries play an increasingly wide-ranging role in the communities they serve.
Allegion to acquire Stanley Black & Decker business for $900M
Security-products company Allegion, which has about 1,300 employees at its Americas headquarters in Carmel, expects to close the largest deal in its history in the third quarter.
Study finds housing costs detrimental to Hamilton County workforce needs
A family earning $97,920 can afford only 28% of new homes in Hamilton County and 12% of current listings, according to the study.
Former Seven Corners employee sentenced for role in fraud scheme
Maria Caceres, who worked for travel insurance company Seven Corners from 1998 to 2016, pleaded guilty to wire fraud last year. She was sentenced to federal prison Thursday and ordered to repay more than $496,000 to Seven Corners.
Developers propose $324M in apartment developments in Carmel
Four apartment-dominated development projects totaling $324 million are in the works for Carmel’s central core. The projects include more than 1,600 parking spaces, for-sale condo units and new headquarters for two companies.
Two contested seats in play for Hamilton County Council in May primaries
Four Hamilton County Council races are on the ballot for the May 3 primary, but only two will be contested when voters go to the polls.
Two Carmel companies planning HQ in new Arts & Design District building
Studio M Architecture & Planning and engineering firm KBSO Consulting LLC will co-own the $9 million building called The Collective at Midtown.
Customers to exercise under retractable roof at planned Carmel fitness center
Ozwell Fitness will feature a 2,600-square-foot retractable dome roof that will allow customers to exercise outdoors.
Carmel replacing grass with artificial turf at Midtown Plaza
The $147,238 project comes after the city had trouble growing natural grass. The turf, once installed, will have a natural grass appearance and “be cushioned for delicate joints,” the city says.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
KAR shares rise 40% after Carmel firm says it will sell ADESA
The Carmel-based auction services company declined to say how many of its 1,000 employees in Indiana would be affected by the transaction. But it said the buyer—Carvana Co.—will not require any employees to relocate.
Carmel-based KAR Global agrees to sell ADESA auction unit to Carvana to focus on digital marketplace
About 4,500 employees of ADESA and KAR will be transferred to Carvana as part of the sale. That’s just under 50% of the company’s total head count. According to IBJ research, KAR has about 9,600 employees worldwide and 1,150 employees in Indiana.
KAR Global bounces back with profitable year
Carmel-based KAR Auction Services Inc. on Wednesday reported better-than-expected fourth quarter earnings and full-year results that were much better than the previous year’s.
Fifth Third Bank puts its name on box offices at the Center for the Performing Arts
For at least the next five years, Fifth Third Bank will be naming-rights sponsor of box offices at Carmel’s Center for the Performing Arts.
Stout’s Shoes plans Carmel comeback in The Signature development
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
St. Vincent wants judge to order investigators to cooperate in case of fired physician
It’s the latest twist in a long-running story involving Dr. Timothy Story, who worked for St. Vincent Medical Group for a decade, but was fired in August 2020 after St. Vincent learned of a federal investigation into his prescribing practices.
Use of on-demand execs becomes a growing trend
Rather than hiring full-time executives, companies are increasingly likely to turn to a fractional executive—someone who serves part time, typically on contract rather than as an employee.
Carmel-based tech firm Lumavate scores $6M investment
This is the sixth round of funding Lumavate has announced since its founding in 2015. The company offers a no-code platform that clients can use to create smartphone apps.