Indianapolis-area homebuilders start 2020 with January surge
Applications for home construction permits in the Indianapolis area rose in January, marking the sixth monthly increase in the past seven months.
IBJ Staff
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Four from Indianapolis named James Beard semifinalists
A chef, a restaurateur and two restaurants were named as semifinalists for the James Beard Awards, which are often referred to as the Oscars of the restaurant industry.
Steak n Shake planning to convert more restaurants to counter-service-only models
Sardar Biglari, CEO of Steak n Shake parent Biglari Holdings Inc., said in his annual report to shareholders that the chain’s performance went from “bad to worse” in 2019.
Best Chocolate in Town acquired, closes Mass Ave store
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Carmel man indicted on 28 fraud charges related to scheme using PayPal, eBay
Tuong Quoc Ho, 32, conducted “an elaborate scheme to defraud businesses, consumers, suppliers, financial institutions, credit card holders, credit card companies, and identity theft victims for personal monetary gain,” U.S. Attorney Josh Minkler’s office said in a statement.
Sales of existing homes surge in central Indiana amid lower rates
Closed sales in central Indiana have risen on a year-over-year basis in four of the last five months after falling in seven of the previous eight months.
Local dental tech services company acquired by Atlanta firm
Renaissance Electronic Services, an Indianapolis-based tech company that announced major growth plans in 2016, has been acquired by Atlanta-based Vyne, the companies announced Thursday.
Speedway Indoor Karting planning expansion to Daytona Beach
Former IndyCar driver Sarah Fisher and husband/business partner Andy O’Gara, who opened Speedway Indoor Karting nearly four years ago, plan to open a second karting facility next door to Daytona International Speedway, they announced Wednesday.
Bottleworks District adds bar, coffee shop to growing Garage lineup
The businesses join 16 other tenants confirmed for the Garage Food Hall lineup. The food hall is expected to open in October.
Conservationists vie for zoo’s $250,000 Indianapolis Prize
The Indianapolis Zoo on Tuesday announced the six finalists for this year’s $250,000 Indianapolis Prize, which is considered the world’s leading award for animal conservation.
Two local technology firms merge after acquisition
The merging companies, Word Systems Inc. and iRecord LLC, will operate as Word Systems LLC and retain all management and employees, officials said.
Penske plans broad slate of improvements to Speedway, Indy 500 and qualifying
The motorsports mogul who bought the Hulman family racing empire earlier this year is promising a beefed-up prize purse, more video boards, renovated restrooms and a turbo-charged qualifying weekend.
Peapod to end grocery delivery in Indiana on Feb. 18
Ahold Delhaize USA, which owns the Peapod brand, said Tuesday that it is closing its Midwest division as part of a shift in strategy, in part to focus on its East Coast grocery stores.
Simon says $3.6B Taubman deal will help refresh rival’s malls
Investors on Monday morning leapt aboard the plan from Indianapolis-based Simon Property Group Inc. plan to buy rival shopping center owner Taubman Centers Inc. for $3.6 billion.
Noblesville Schools plans new $14M football, track stadium
The district said the facility will be built behind Noblesville High School on Field Drive, replacing a former transportation building.
Visit Indy sets tourism records
The city’s tourism agency brought in nearly 8 million hotel room nights in 2019 in central Indiana—an all-time record. Just more than 2 million hotel room nights were booked downtown last year. Overall, 5.32 million rooms were booked in Marion County and 7.94 million throughout the metropolitan area. Visit Indy shared the figures as part of its annual State […]
Regional airline to add base, new nonstop routes at Indianapolis International Airport
The airline, which plans to create 55 jobs and establish three nonstop routes from Indianapolis, plans to immediately begin hiring pilots, flight attendants, customer service agents, mechanics and ground personnel to support the new operations.
D.C.-area tech and marketing firm plans to open Indy office, hire up to 100 this year
U.Group formed last year through the merger of a firm specializing in government IT and another focused on digital marketing.
IU business school lands $16M gift from late alum’s foundation
The donation came from the family foundation of Brian Jellison, an Indiana University native who went on to become one of the country’s highest-paid CEOs.
Goodwill lands building donation for east-side Excel Center
Longtime commercial real estate executive Gene Zink has donated a 20,298-square-foot building at 3919 Meadows Drive to Goodwill. The Excel Center program has been leasing the 59-year-old former Bible college building near Rural and 38th streets since July 2011.