Northwest-side apartment portfolio fetches $64 million
An Atlanta-based real estate company has purchased four Indianapolis apartment communities and plans to spend $27 million to renovate them.
IBJ Staff
Articles
Indiana fraudsters sentenced for stealing, reselling $1.2M in merchandise from Amazon
In the scheme, a husband and wife would assume false identities and scam consumer electronics from Amazon, prosecutors said. They would sell the goods to an associate, often in parking lots in Indianapolis.
Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
Sears Holdings to close Castleton Square mall store
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
Republic Airways plans to churn out hundreds of pilots at new local flight school
Republic Airways Holdings Inc. plans to open an aviation school at Indianapolis International Airport that it hopes will help it address an ongoing pilot-shortage problem.
Custom parts maker buying Park 100 building, adding employees
The four-year-old company that specializes in motorsports, defense and consumer products is moving from Pittsboro.
St. Vincent settles disability-discrimination lawsuit from EEOC
St. Vincent Health has agreed to pay $15,000 to a former employee and increase worker training under a settlement with the Equal Employment Opportunity Commission.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
Existing-home sales rise in Indianapolis area amid shrinking inventories
The market rebounded from an off-month in March, when sales dropped 7.5 percent on a year-over-year basis—the first decline in seven months.
Indianapolis falls out of top 15 on list of most populous U.S. cities
Indianapolis added an estimated 5,549 people between July 1, 2016, and July 1, 2017, but was passed by a Texas city that added 18,664 people.
Indianapolis car dealer charged in $7M international fraud scheme
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
Orthopedics distributor eliminating 70 jobs in Indianapolis area
Employees have been notified that their jobs will be eliminated in phases beginning in August and concluding Oct. 31.
Records for May 25-31, 2018
Here are the records listings for the May 25-31, 2018, issue of IBJ.
EDITORIAL: Small grants, loans can launch a neighborhood renaissance
We commend programs aimed not at subsidizing businesses but helping to give them a small boost to get them going or keep them going.
MEMORY BANK: A city streetcar without its mule
Streetcars similar to this one photographed in 1881 were introduced in Indianapolis in the 1860s and were generally pulled by mules.
Anthem to acquire palliative care provider
The purchase is part of the insurance giant’s strategy of bringing provider assets in-house.
Estridge proposes subdivision in Westfield
A new 125-home subdivision could be built in Westfield north of the Harmony neighborhood on Ditch Road if the City Council approves the project. Estridge Homes and 11th Street Development have filed plans with the to build 125 single-family homes on about 80 acres along the west side of Ditch Road between 156th Street and […]
Pulte plans 28 homes on Hamilton, Boone line
Pulte Homes of Indiana LLC has proposed building 28 single-family homes along 131st Street just east of the Boone County line in Carmel. The developer has requested the city rezone approximately 22 acres on the south side of 131st Street west of West Road from the S-1 residential zoning classification to a planned unit development […]
Walmart property in Zionsville getting new life
Archview Properties wants to build three apartment buildings on Michigan Road between 106th Street and Bennett Parkway. (Rendering courtesy of Zionsville Plan Commission) A developer has proposed a 218-unit apartment complex on property that the town of Zionsville and retailer Walmart fought over for a decade. Archview Properties LLC, an affiliate of Indianapolis-based Cityscape Residential, […]
State’s tourism department puts out call for firm to boost marketing efforts
The department says its ambition is for the state to become “a leading regional destination” and to increase traveler spending.