Insurance agency revives plans for downtown building
McGowan Insurance Group plans to build a $2.75 million, 19,000-square-foot building at 355 Indiana Avenue.
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Portrait Homes parent files for bankruptcy
Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.
UIndy to add dorm for upperclassmen
With enrollment surging in recent years, the University of Indianapolis finds itself needing new dorm space. The private college will build a $10 million, 200-student residence hall on the south edge of its campus.
Design flaws, defects stack up at 2-year-old airport terminal
Since opening in late 2008, the midfield terminal and related structures at Indianapolis International Airport have required more than $2.5 million in fixes—not counting last month’s collapse of a canopy above the parking garage.
IU Foundation buys Indiana Landmarks’ canalside offices
The Indiana University Foundation will move its Indianapolis staff from an office on North Meridian Street.
Construction activity falls to near-decade low
The current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal a healthy construction sector.
Home construction weak both locally, nationally
Home building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
MacAllister Machinery acquires Michigan company
Indianapolis-based MacAllister Machinery has acquired Michigan Tractor and Machinery Co., which has 590 employees and is Michigan’s top Caterpillar dealer.
Construction leader Price resigns posts, sells company
Price resigned as president of Indiana Construction Roundtable and Metro Indianapolis Coalition for Construction Safety.
Fix-up list is long as Indianapolis prepares for 2012 Super Bowl
Plenty of opportunities await city officials bent on making downtown shine for the massive event.
City push on building codes draws gripes
A vigorous effort by city officials to enforce building-safety codes has some concerned that it’s becoming tougher to revitalize older properties.
Home building suffers another bad year, locally and nationally
Building permits filed for new homes in the nine-county Indianapolis area rose just 2.6 percent in 2010, to 3,720. That’s just 95 more homes than in 2009—the worst year for local home construction in more than a quarter century.
Community Health plans $12M east-side medical complex
Construction is set to begin soon on Community Health Pavilion, a three-story, 55,000-square-foot medical building to be built on six acres at 7910 E. Washington St.
Stadium construction issues nearly resolved
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
Citimark rejoins development game
The company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
Ratio Architects acquires North Carolina firm
Ratio Architects Inc., the area’s fourth-largest architectural firm, has acquired Cherry Huffman Architects in Raleigh, N.C.
Engineering firm exec started at the bottom
Donna Gadient has risen to the top ranks of engineering firm R.W. Armstrong through hard work, and without a college education.
Greenwood contractor is minority small business person of the year
The winner of the Small Business Administration award has seen steady growth during its 10 years in business.
D-A Lubricant moving from Indianapolis to Lebanon
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
Lender takes action on Renaissance Bay project
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.