Downtown steakhouse closes after parent company’s bankruptcy
Downtown’s jam-packed steakhouse scene has become a little less crowded after the closure of an upscale player that debuted in Indianapolis in 2017.
IBJ Staff
Articles
Celadon investors agree to settle class-action suit for $5.5M
The settlement, which is awaiting court approval, would resolve suits brought by several parties over financial-reporting issues that have plagued Celadon for at least four years. The plaintiffs expressed concern that the company would go bankrupt before any recovery could be made.
Carmel teams with Steinbach on new attraction for German holiday market
Carmel Christkindlmarkt organizers say the 33-foot-tall, lighted “pyramid” will be the largest of its kind in America. It is expected to be a popular feature at the upcoming Carmel Christkindlmarkt.
Former factory site to become housing
Indianapolis-based Flaherty & Collins Properties has been selected by the La Porte Redevelopment Commission to construct a 200-unit multifamily development in NewPorte Landing, the former site of an Allis Chalmers farm-equipment factory. Flaherty & Collins plans to construct two buildings totaling about 167,000 square feet. The development will occur along the shores of Clear Lake […]
Editorial: Legislature should eliminate final election of superintendent
Republicans and Democrats couldn’t come together on education policy in recent years, but they should be able to agree that there’s no good reason to hold an election just for old time’s sake.
Pacers team up with restaurant partners on new menu items
Pacers Sports & Entertainment on Wednesday unveiled a concessions menu that includes some of the most diverse food options in the history of Bankers Life Fieldhouse.
Indiana venture capital activity surges in third quarter, report says
Hoosier companies landed $53.5 million in venture capital on 16 deals from July 1 to Sept. 31, according the report released Tuesday.
ANGI Homeservices CEO leaving company
ANGI Homeservices Inc. on Tuesday announced that it would promote Chief Product Officer Brandon Ridenour to CEO at the beginning of 2019.
Amazon signs lease for Greenwood project that’s expected to create 1,250 jobs
The e-commerce giant plans to occupy a 615,440-square-foot building on a 75-acre site along Allen Road near Interstate 65.
Noblesville retail project leasing up with big names: Burlington, Marshalls, Michaels, more
The owner of a planned retail center directly west of Hamilton Town Center has filled the 110,000-square-foot complex with a roster of high-profile tenants.
Precedent Office Park getting new name, $6M-plus in amenity upgrades
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
Westfield approves $15M downtown road project with INDOT
The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.
Attendance remains steady for third running of Red Bull Air Race
Attendance for this year’s Red Bull Air Race at Indianapolis Motor Speedway was down only slightly from a year ago. The event was in the third year of a three-year contract, but IMS officials aren’t ruling out a return.
IBJ Podcast: Why did a hard-core philosopher start a plumbing company?
After earning a master’s degree in philosophy, Jack Hope took the next obvious step: cementing his part-time gig as a plumber into a full-time business. Hope Plumbing now expects to $6 million in annual revenue.
Three small manufacturers to add more than 100 jobs in central Indiana
Companies that brew tea drinks, pop-up campers and jewelry in central Indiana are among 22 manufactures that announced plans Friday to locate or expand their operations in the state.
Swiss security-products maker plans 165 jobs at north-side operations
Dormakaba Group plans to nearly double the size of its manufacturing operations on the north side of Indianapolis in an expansion that’s expected to retain hundreds of jobs in Indianapolis.
Records
Contracts Smart Guided Systems LLC has announced a licensing agreement with USDA Office of Technology Transfer to commercialize the Intelligent Spray Control System. Phone: 317-222-4152; E-mail: sbooher@smartguided.com. Fundraising Indianapolis Professional Association to benefit from “The Current State of the Local Minority Economy,” on Oct. 26 from 6-9 p.m. at The District Tap, 3720 E. 82nd […]
Editorial: City must tackle homelessness, panhandling problems downtown
Mayor Joe Hogsett should take the lead on implementing a multi-year plan to end homelessness and take the lead on solutions to curb panhandling.
Panel discusses opioids, rising health care costs and more
Below are excerpts from the panel discussion at the Sept. 28 Health Care & Benefits Power Breakfast. Paul Ashley: I generally think the market will self-correct, and I believe that’s what Hoosiers prefer is sort of an open market. The one place I’m challenged by this is in the movement we’ve had recently with micro […]
Endocyte raises another $189M
Endocyte Inc., a West Lafayette-based biopharmaceutical company developing new cancer therapies, has raised $189 million after expenses through a public stock offering—its second of the year. The company said in September it closed on an offering of 10.8 million shares, including the full exercise of underwriters’ options. The shares were priced at $18.50. Endocyte said it intends […]