The Indianapolis-based real estate firm said the properties total 2 million square feet and are mostly located in Florida, Georgia and Texas. The acquisition would bump the size and value of Kite’s portfolio by about 20 percent.
Carmel resident Mark Palombaro, 55, likely faces prison time after admitting to his role in a scheme that prosecutors say netted him $766,000.
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city’s west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.’s printing plant in Terre Haute.
A Muncie group that opposes a proposal to build a new reservoir in central Indiana says the project raises health concerns, including waste from former auto industry plants that might contaminate the reservoir.
The Indianapolis-based real estate investment trust said that it lost $900,000 in the quarter, compared with a loss of $3 million during the same period a year earlier.
Ignoring the future won’t make it go away. And without legislative leadership, Indiana’s future looks dry.
Belcan Corp. has hired about 20 people this year and expects to keep adding to its local work force over the next several years as it continues to provide engineering services to Rolls-Royce, its largest local customer.
The Hoosier Environmental Council has targeted food safety, animal rights and the environmental impact the corporate livestock industry has in Indiana.
The controversy about former Gov. Mitch Daniels’ emails criticizing the late historian Howard Zinn will continue this month as professors, students and staff members gather at universities around the nation to read Zinn’s writings.
Pathway to Recovery provides housing with support services to homeless adults diagnosed with substance abuse and mental illness so they can begin recovery, become financially self-sufficient, and live independently in safe, affordable, substance-free permanent housing.
Premiums written by the firm’s insurance subsidiaries hit $96.6 million, an increase of nearly 19 percent over the third quarter a year ago and 4 percent over the second quarter.
The Indianapolis-based real estate firm held steady in the third quarter, maintaining high occupancy in its commercial buildings and increasing funds from operations.
Remy International Inc. experienced a big drop in profit in the third quarter on a 5-percent decline in revenue, the Pendleton-based manufacturer reported Tuesday.
Allison Transmission Holdings Inc. on Monday reported a jump in profit in the third quarter despite sliding revenue.
Revenue rose 14 percent in the latest quarter, but operating expenses were up significantly due to acquisitions, dragging down earnings.
