Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
IBJ Staff
Articles
Annual profit, revenue shrink for Noble Roman’s
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
Freight brokerage plans local office, 50 jobs
Cincinnati-based Total Quality Logistics Inc., a national freight brokerage firm, plans to open a satellite office in Indianapolis in April.
CICP exec Gifford heading regional transit task force
At the Central Indiana Corporate Partnership, Gifford will work primarily with the private-sector-led Central Indiana Transit Task Force, the regional mass transit initiative co-founded by CICP.
CIB awards contracts for stadium, convention security
The Capital Improvement Board voted Monday to retain the services of three firms that currently provide security at Lucas Oil Stadium and the Indiana Convention Center, at an annual savings of $300,000.
Firestone renews IndyCar Series supply agreement
A week after announcing its intention to leave the IndyCar Series after the 2011 season, Nashville, Tenn.-based Bridgestone Americas announced Friday morning that its Firestone brand will continue to serve as the sole tire supplier to IndyCar through the 2013 race season.
Local home sales continue downward slide
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
Branson Air Express suspends Indianapolis service
The airline quietly ceased service from here after starting $59, nonstop flights last September to the Ozarks entertainment bastion.
Firestone to exit IndyCar Series following 2011 season
Motorsports business experts estimated that Firestone pours $7 million annually into marketing the open-wheel series.
Lawsuit about parking issues puts Calle 52 restaurant project on hold
Plans for a new Latin restaurant at 52nd Street and College Avenue are on hold after another restaurant owner sued to overturn city approval of a parking variance.
Indianapolis’ Christ Church Cathedral supports rebuilding of cathedral in Haiti
The local church is joining Trinity Wall Street Church in New York in donating to reconstruction of the building destroyed in the January 2010 earthquake.
NFP of NOTE: Big Brothers Big Sisters of Central Indiana
Big Brothers Big Sisters of Central Indiana provides children facing adversity with strong and enduring, professionally supported one-to-one relationships that change their lives for the better.
EDITORIAL: Indianapolis doesn’t need ‘ashtray’ label
Boosters want to keep building on the city’s progress, educating visitors and residents alike about all that Indiana has to offer. But we’re running the risk of losing our shine in a cloud of smoke.
Merger with Teradata fueling Aprimo’s growth
Aprimo Inc. ratchets up customers, sales and market presence under new owner Teradata, and will continue job growth plans for Indianapolis.
State unemployment rate dips to 9.1 percent
After topping out at 10.2 percent last summer, Indiana’s jobless rate has been steadily declining.
Hurco turns first quarterly profit in two years
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first quarter.
Irsay, Simon tie on magazine’s world’s-richest list
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
Local business accused of selling illegal immigration services
The Indiana Attorney General’s Office filed suit Wednesday against The Mexican Civic Association of Indiana Inc. for allegedly offering immigration advice without a license to practice law.