Allegiant to open $40M aircraft base at Indianapolis International
The Las Vegas-based airline said the Indianapolis base will create 66 high-paying jobs and allow the company to offer more routes from Indianapolis in the future.
IBJ Staff
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Five Seasons sports club in Carmel to close in September
Company officials say the closure will be permanent and cost 84 employees their jobs. The decision comes a year after the owner of the club filed a request to rezone the property to allow for possible redevelopment.
Simon Property tops quarterly estimates, raises full-year guidance
Shares in the Indianapolis-based mall owner rose in early-morning trading Tuesday after the company increased its quarterly dividend and its full-year guidance for 2017.
Former Estridge Homes controller sentenced to 21 months in prison
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
Insurance agencies agree to merger
The two firms that are merging, Brownsburg-based Hometown Insurance and Zionsville-based Ward Insurance Services, have a combined 16 employees.
Bank of America veteran to serve as market chief
Andy Crask has worked for Bank of America in Indianapolis since 2000, most recently as a senior relationship manager for global commercial banking.
EDITORIAL: Health care debate needs sanity
What we need is reasoned debate by smart people willing to put politics aside to find answers—probably answers that no one will find wholly satisfying but could become the basis of a health care system that is fair and affordable and can change with technology and innovation that is constantly evolving.
Southwest to add seasonal flights from Indianapolis to Mexico
Southwest Airlines plans to add weekly nonstop flights from Indianapolis to a popular Mexican vacation destination starting in March, the carrier announced Thursday.
CNO Financial reports improved quarterly earnings, revenue
The Carmel-based insurance holding company said total collected premiums were $925 million in the latest quarter, up 7 percent from last year’s second period.
Area home sales increase amid rising prices, lower inventory
Sales have risen on a year-over-year basis in 18 of the last 20 months.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Bloomington financial adviser sentenced to 33 months in prison
Authorities say the man defrauded a longtime client out of nearly $1.2 million and spent that money on vacations, golf club memberships, meals and retail purchases.
Indiana Supreme Court overturns decision granting liquor permit to Monarch affiliate
Capping a years-long court battle, justices held that overlapping ownership between Monarch Beverage Co. and Spirited Sales LLC should keep the latter from getting a state permit to wholesale liquor.
Indiana’s unemployment rate hits near-record low of 3 percent
The state’s jobless rate hasn’t fallen that low since November 2000 and is near the record low that it hit during several months in 1998, 1999 and 2000.
PROXY CORNER: Cardinal Ethanol LLC
Union City-based Cardinal Ethanol LLC operates an ethanol plant near that eastern Indiana city.
$20M hotel to be loaded with eateries
Ironworks Hotel Indy will feature 15,000 square feet of street-level retail space, including Blue Sushi Sake Grill, Massage Heights and Cunningham Restaurant Group’s Rize. Cunningham also will operate Provision in second-floor retail space.
Visit Hendricks County giving $10,000 in tourism grants
Visit Hendricks County will award a total of $10,000 in 2017 to support local events that entice visitors to the county.
Area home builders continue to see rising demand
Home builders filed 653 single-family construction permits in the nine-county area in June—the busiest month since August 2007, when 722 permits were filed.
Frontier to add new nonstop Indianapolis-Tampa flight
The new flight is part of a larger system expansion by Denver-based Frontier, which once was part of Indianapolis-based Republic Airways Holdings.