National dog daycare opening first Indiana location on north side
Dogtopia, a chain of dog daycare, boarding and spa franchises, plans to open its first location in Indiana this month, the company announced Thursday.
IBJ Staff
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Battery maker Energizer planning 440 jobs at Johnson County facility
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
Area home builders continue to see late-year surge in demand
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.
Former HHGregg, Marsh exec takes reins at struggling retailer Pier 1
Retail industry observers are speculating that the appointment of Robert Riesbeck is likely to mean a bankruptcy for Pier 1 in the near future, based on his track record.
Kite Realty Group lands Nora Plaza in $29M deal
The 139,743-square-foot retail center at 1300 E. 86th Street, anchored by Target, Marshalls and Whole Foods, was sold by a joint venture consisting of RPT Realty and an institutional partner.
Election night updates—mayoral races, council races, referendums and more
Polls have officially closed in Marion County, where voters are deciding a mayoral race and all 25 seats on the Indianapolis City-County Council.
Indianapolis Motor Speedway to host high-speed autonomous vehicle race
The Indy Autonomous Challenge will be a five-round competition that features a $1 million prize.
Arbor Homes expands into Louisville market with acquisition
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
Tech academy Kenzie secures $100M for student tuition financing
Indianapolis-based Kenzie Academy said the financing will help it offer programs across the country. The financing is backed by San Francisco-based Community Investment Management, an institutional impact investment manager.
Flat12 Bierwerks changing its name under new ownership
The branding change comes 11 months after the 7-year-old brewery was acquired by Indianapolis-based Books & Brews.
Steak n Shake slows closures, continues to lose money
Indianapolis-based Steak n Shake drastically slowed the pace of “temporary” restaurant closures in the third quarter, but showed little progress in its plan to turn company-owned eateries into franchises.
New neighborhood investment fund targets areas around 16 Tech Innovation District
The 16 Tech Community Investment Fund is seeded with $3 million and plans to issue up to $1 million in grants in 2020.
Allison Transmission tops expectations with third-quarter results
Allison Transmission Holdings Inc. on Wednesday announced third-quarter earnings and revenue that surpassed Wall Street expectations.
Gerald Paul, co-founder of Paul Harris Stores, dies at 95
In addition to co-founding and leading national women’s clothing retailer Paul Harris Stores, Gerald Paul was an active philanthropist in local arts, education and Jewish causes.
Cummins lowers full-year expectations after missing quarterly forecasts
Indiana-based engine manufacturer Cummins Inc. fell short of revenue and profit predictions with its third quarter results.
CountryMark CEO Smith retiring after 17 years at helm
CountryMark ranked as the state’s ninth largest company in 2018, with $1.2 billion in revenue. The firm has more than 500 employees, including about 420 in Indiana.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Lugar Plaza project designer captures Monumental Award
The annual awards, which recognize excellence in local architecture, engineering, interior design, landscape architecture, construction, real estate development and more, took place Wednesday at the Indiana Roof Ballroom.
Area existing-home sales tick up amid declining inventories
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Lilly earns more than expected but misses revenue expectations on key drugs
Eli Lilly and Co. easily topped earnings expectations in the third quarter, but shares in the Indianapolis-based drug company tumbled nearly 5 percent Wednesday morning.