First Merchants completes acquisition of Independent Alliance Banks
The merged companies make up the second-largest financial holding corporation headquartered in Indiana, behind Evansville-based Old National Bank Bancorp.
IBJ Staff
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ONI Risk Partners acquiring Franklin insurance agency
Indianapolis-based insurance broker ONI Risk Partners Inc. announced Tuesday that it would acquire Green Owens Insurance Inc., a 38-year-old independent agency based in Franklin.
Local Safeway chain to reopen Marsh store in Beech Grove
The store was one of 18 of 44 remaining Marsh groceries that wasn’t acquired last month to either Kroger or Fresh Encounter, as part of Marsh Supermarket’s bankruptcy process.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Transportation museum denied restraining order against railroad authority
The museum sought the order in an attempt to regain use of the Nickel Plate rail line in time to run excursion trains during next month’s Indiana State Fair.
Celadon’s hiring of turnaround expert sends stock soaring
Investors and analysts are reacting positively to Celadon Group Inc.’s decision to bring in an outside executive with years of transportation industry experience to run the company.
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Celadon hires new CEO as Will announces departure
Struggling trucking firm Celadon Group Inc. is bringing in a new chief executive to replace Paul Will later this month, the Indianapolis-based company announced Thursday afternoon.
EDITORIAL: Kenley exit leaves legislative void
While saying “no” invariably creates enemies, it helped that his decisions were based on hard thought, not whims.
Emmis Communications takes quarterly loss as revenue declines
Revenue declines were expected because Emmis sold off four radio stations and most of its publishing assets over the past year.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Home Health Depot acquired by Florida-based Lincare
Home Health Depot became one of the country’s fastest-growing medical companies under the leadership of former equipment sales rep David Hartley and ex-Indiana Commerce Secretary Nate Feltman.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
Transportation museum escalates Nickel Plate Railroad fight
The Indiana Transportation Museum said it requested a federal temporary restraining order against the Hoosier Heritage Port Authority on Monday in an attempt to regain use of the Nickel Plate rail line in time for next month’s Indiana State Fair.<
Logistics company targets Lebanon for 1,160 jobs
One of the country’s fastest-growing transportation and logistics companies is making plans to open a massive distribution center northwest of Indianapolis.
More Sears, Kmart stores set for closure in Indiana
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Roundabout project unearths historic artifact
Cut line goes here xxxxxx. (Photo credit xxxx) A historic artifact likely dating to native American settlements in Hamilton County has been found at the site of a Carmel roundabout project, city officials said July 3. An employee of the city found the object—identified as a banner stone—on June 29 near the project site at […]
EDITORIAL: Time to revisit sales tax issue
The sales tax is a long-established way for state governments to pay for the services their constituents demand—and it’s ridiculous to allow some retailers to skip it.