$7M project restores luster of storied office tower
Banker J.F. Wild had the limestone building constructed in 1923 to house his growing financial institution. Developer Loftus Robinson has just spent two years reversing decades of neglect.
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Angie’s List CEO says timing right to consider suitors
CEO Scott Durchslag said Tuesday the company wants to be proactive instead of reactive when it comes to courting suitors, a stark shift from his tone about the matter last year. Also, the company is gearing up to slash jobs in a cost-cutting effort.
Angie’s List hires investment bankers, setting stage for possible sale
The home services marketplace did not specify it planned to sell itself, but hiring investment bankers is typically the first step in doing so. In a press release, CEO Scott Durchslag said only that the goal was “to achieve the full potential of our new platform.”
Video-email tech firm to expand Broad Ripple headquarters
Covideo sells software that enables businesses in the auto industry, real estate industry and more to manage video messages it sends customers and prospects through email.
RCA firm grows with LED popularity
For decades, the RCA brand has been associated with televisions and other consumer electronics. But it’s LED lighting that’s helping fuel growth for Indianapolis-based RCA Commercial Electronics.
‘Gig’ economy heats up in Indy
A swelling throng of Indianapolis workers is part of the so-called “gig-economy,” which denotes the matchmaking between independent contractors and consumers over technology platforms.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
Strategic Capital Partners makes major move
Two former top executives of Duke Realty Corp. are parlaying their experience at the publicly traded developer to take their real estate firm to new heights.
The Interview Issue: Kate Bova Drury
Kate Bova Drury started out as a boutique owner in Broad Ripple before making the change to baking. Now, she’s got five cupcake bakeries, one location for doughnuts and one combo store.
The Interview Issue: Shelly Towns
Shelly Towns says she’s very comfortable with ambiguity and a fast pace—and that’s come in handy as she’s worked to help turn around Angie’s List. “I’m fine with, to some degree, figuring out things as we go,” she said.
City councilors seek restrictions on booze-cruising pedal pubs
Under rules to be proposed next week, operators of foot-powered trolleys on Indianapolis streets would need to be licensed and insured. City councilors also hope to address noise complaints.
Product-development firm plans to hire 36 downtown
GlassBoard, which helps clients turn concepts into ready-to-manufacture products, said it will invest $850,000 to lease and equip 3,000-square-foot offices at 924 N. Pennsylvania St.
Broad Ripple Chip Co. thinking big
The manufacturer of gourmet potato chips is branching out across Indiana and into Ohio to introduce its original and sweet and spicy flavors to a broader audience.
Digital marketer turning heads with rapid rise
At age 25, Patrick Sells is founder and CEO of a namesake company that has become one of the city’s biggest and fastest-growing digital marketing firms.
Crowdfunding rules for smaller investors foil firms
New federal rules designed to make it easier for small investors to use crowdfunding have hardly gotten traction in Indiana.
Holy Cross becomes salvage hotbed with four shops within walking distance
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Builder bets on West Clay retail area
A developer is poised to tackle the remaining vacant commercial property in the heart of Carmel’s Village of West Clay.
Hoosier Momma momma tries hand at hard sodas
Indianapolis entrepreneur Erin Edds, former co-owner of Bloody Mary mix maker Hoosier Momma LLC, hopes to make a boozy splash with a beverage in a $116 million industry sector.
Plan for event center in former Lockerbie church faces pushback
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
Software firms transition from methodical to ‘agile’
Agrowing number of central Indiana tech firms use a software-development process called agile, which is characterized by quick production cycles, flexibility and simultaneous feedback.