Indianapolis-area insurance broker charged in $4M Ponzi scheme
Former insurance broker Brian Simms of Lebanon was arrested Wednesday after being charged with six counts of wire fraud by a federal grand jury.
IBJ Staff
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Huber to leave Indy Chamber, join IU as vice president
Indiana University said Michael Huber—who previous served as former Mayor Greg Ballard’s deputy mayor for economic development—will lead government relations efforts at the state and federal level as well as economic engagement.
Area homebuilders see 8th straight month of falling construction permits
Rising mortgage rates, supply-chain issues, increasing costs and limited lot availability are hampering the market, according to industry experts.
Lawrence Mayor Collier says he won’t seek third term
Steve Collier, a Republican and lifelong resident of Lawrence, said it was time for his second retirement after 33 years in education followed by more than a decade in public office.
Carmel City Council president announces run for mayor
Kevin “Woody” Rider is a 35-year Carmel resident who is in his fourth term as an at-large Carmel city councilor. He is also a member of the Carmel Plan Commission.
Westfield names bidders for Grand Park Sports Campus
The city of Westfield announced that seven proposals are under consideration from bidders interested in acquiring Grand Park Sports Campus or operating it through a public-private partnership.
Salesforce donates $1M to IPS for emotional, mental health
IPS is expected to use the money to create sensory-friendly environments for struggling students, peer mentors and professional development sessions on social and emotional learning.
Sale of former DeHaan estate closes, sets state record at $14.5M
The price was the highest ever paid for a private estate in Indiana history, according to listing brokerage Encore Sotheby’s International Realty.
Indiana unemployment rate continued slow rise in August
An estimated 95,096 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s up from 87,889 in July.
New off-price fashion retailer Daily Thread to open Circle Centre store
Parent company NYC Alliance Group, which owns several clothing brands, began opening Daily Thread stores in the Midwest a year ago and has already grown the chain to more than 40 stores, including at least five in Indiana.
Italian manufacturer expands plan for Fishers by $367M, 265 workers
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
Existing home sales continue to cool as interest rates climb
Closed sales in the 16-county central Indiana area drooped from 3,883 in August 2021 to 3,461 last month—a year-over-year decrease of 10.9%, according to the latest data from the MIBOR Realtor Association.
U.S. News college rankings draw new complaints, competitors
Several schools in Indiana finished high on this year’s rankings in certain categories, including Rose-Hulman Institute of Technology and Butler University.
Citizens Energy says apartment landlord to sell complexes, avoid utility disconnection
Citizens Energy Group on Thursday announced an agreement with landlord JPC Affordable Housing that will result in the sale of four properties and relieve most of JPC’s past-due utility-bill debt, now totaling more than $1.9 million.
Law firm Barnes & Thornburg opens two more East Coast offices
The New Jersey and Philadelphia offices will be anchored by former attorneys from Faegre Drinker Biddle & Reath.
Fishers-based Flexware Innovation acquired by Hitachi
Flexware Innovation, founded in 1996, is an engineering company that helps companies integrate ever-changing software with advanced manufacturing systems.
IBJ Podcast: Indiana Fever’s president on team’s 5-31 season and strategy for rebuilding
Allison Barber shares her take on the 18-game losing streak, the franchise’s new rebuild strategy, her top priorities in the off-season and the challenges of leading an organization mired in a rough transition.
Giant Eagle planning new Market District supermarket in Westfield
Pittsburgh-based Giant Eagle swooped into the Indianapolis market in October 2015 by opening a Market District supermarket in Carmel. It also owns more than 50 GetGo Cafe + Market stores in central Indiana.
Indianapolis woman accused of embezzling $270K from WFYI
The U.S. Attorney’s Office said the former accounting specialist worked with an unnamed co-conspirator, who was not an employee of the public television and radio station.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Jennil Salazar switched agencies to Compass Indiana LLC but held on to the top spot of the IBJ All-Star Solo Agents for the fourth straight year. And a trio of veteran real estate agent teams maintained their hold on the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team in the No. 1 position.