Local software firm CTI Group names new leader
Indianapolis-based business software firm CTI Group Holdings Inc. on Wednesday announced the appointment of Manfred Hanuschek as its new CEO and president.
IBJ Staff
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UPDATE: Real estate veteran Ehret opening office for Avison Young
Bill Ehret, who co-founded the largest commercial real estate brokerage in Indianapolis, has left the company to open a local office for global firm Avison Young Inc.
Thailand-based manufacturer plans 135 jobs in Anderson
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
Raytheon reaches $5.4 million incentive deal with state
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Raytheon planning to move 250 jobs to Indianapolis
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
Ballard appoints Kimmick as city controller
Matthew Kimmick, who starts the new job Monday, has been interim controller since October, when Jason Dudich left the role to become chief of staff.
REAL ESTATE
Local economic development veteran Katie Culp is joining KSM Location Advisors in the newly created position of president. Culp, 38, came from DTZ, formerly Cassidy Turley, where she spent 10 years. Culp Founded in 2004, KSM Location Advisors is an entity of local accounting firm Katz Sapper & Miller LLP. The 12-person team is […]
Records
Fundraising Art Yields Success to benefit from its annual event March 13 at 5:30 p.m. at Regions Tower. Tickets: $60. Contact Leslie Hankins at 283-3817, ext.118 or lhankins@ayskids.org. Indiana Members Foundation to benefit from Hooray for Hollywood March 14 at 8 p.m. at Bankers Life Fieldhouse. Tickets: $75. Contact Mandy Emery at 554-8121 or aemery@imcu.com.•
EDITORIAL: Bid to save church can’t go on forever
St. John United Church of Christ should be allowed to exercise its right to sell the property it owns even if the buyer plans to tear it down.
Local companies plan to add nearly 50 more workers
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Fourth-quarter commercial real estate statistics for Indianapolis
IBJ’s Commercial Real Estate Focus sections include statistical snapshots of Indianapolis’ multi-tenant office vacancy rates and the local industrial market.
Domino’s out to boost local employment by 400
The 40 Domino’s stores in central Indiana were recently acquired by franchisee RPM Pizza LLC.
Council again delays decision on Angie’s List incentives
The Indianapolis City-County Council on Monday night tabled a decision on whether to issue $18.5 million in bonds to support the expansion of Angie's List’s east-side headquarters.
Familiar four Hoosiers return to list of billionaires
Cook Group Inc. CEO Carl Cook is the richest person in Indiana with a net worth of $6.5 billion, according to calculations released Monday by Forbes magazine.
El Rodeo owners sentenced to home detention for theft
Their chain of 26 restaurants, which operate in 10 Indiana counties under the names El Rodeo and El Jaripeo, failed to report an estimated $22.7 million in sales between 2010 and 2012, prosecutors said.
Carmel-based tech security firm acquired for $40M
Carmel-based technology firm Emerging Threats Pro LLC has reached an agreement to be acquired by Sunnyvale, California-based Proofpoint Inc., the companies announced Monday morning.
UIndy plans $5.5M library renovation
New features will include a ground-floor cafe with food service, an outdoor plaza, a 24-hour study lab and a glass-curtain exterior wall on the east side to provide all three upper floors with natural light.
Calumet Specialty tops expectations despite quarterly loss
Calumet Specialty Products Partners lost $63.5 million in the fourth quarter, leading to an unprofitable year.
PROXY CORNER: First Merchants Corp.
First Merchants Corp., 200 E. Jackson St., Muncie 47305 (www.firstmerchants.com), operates 95 branches in 26 Indiana counties, two Illinois counties and two Ohio counties.