Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
Mason King
Articles
Angie’s List to pay $2.8M in membership-fee settlement
The settlement stems from a 2012 lawsuit alleging that the consumer-reviews firm renewed members at a higher rate than they were led to believe.
Second solar farm slated for Indy airport
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
Indy housing market stumbles to glum milestone
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Former Butler President Bobby Fong dies at 64
Fong, who presided over a period of enrollment growth and national renown at the Indianapolis university, died Monday morning of natural causes.
Mortgage firm to expand to Westfield, add 360 jobs
California-based Carrington Mortgage Services said Thursday it plans to spend $3.2 million to open an office in Westfield. In addition to the new hires, about 180 employees in Fishers would move to the Westfield location.
Lowe’s seeks $500K tax break from city on customer center
The home-improvement retail giant plans to hire 1,000 workers for the center at Intech Park on the northwest side. The jobs would pay an average hourly wage of about $16.
Simon estate in Carmel hits market for $25 million
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
Indians cross home with record attendance blast
Throwing up big numbers in the bottom of the ninth, the Indianapolis Indians established a new single-season attendance record for Victory Field on Saturday in the team’s last home game.
Duke plans $1.9B in upgrades, seeks rate hike
The electric utility said Friday that its customers would see a gradual rate increase over seven years for the project, designed to reduce power outages and provide high-tech meters.
Customer service firm plans to hire 1,000 workers
The new part-time and full-time jobs will pay in a range of $12 to $18 per hour, according to Boston-based Interactions Corp.
Struggling Angie’s List lays off 97 salespeople
The consumer-review firm told federal regulators Friday that the move was “part of a focus on improving salesforce performance and productivity.”
EMS service to lay off 361 workers in Indiana
Rural/Metro Corp. says the changing health care landscape and the challenges of covering rural communities are forcing it to end its area ambulance services. It’s also closing a billing operations center in Indianapolis.
ITT Educational CEO signals resignation amid stock freefall, federal scrutiny
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
State eyes downtown site for $17M archives project
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
Kite Realty to engineer 1-for-4 reverse stock split
The move will hike the real estate firm’s stock price, combining every four shares into a single share. Kite officials hope a double-digit price will give shares a more stable foundation and an image makeover.
UPDATE: Lowe’s to invest $20.5M in customer-service center
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
Convenience stores remount challenge to cold-beer laws
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
First Financial nabbing new hub, closing 3 branches
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
Medical device maker to hire 112 in Plainfield
Global firm Covidien LP plans to consolidate U.S. operations for servicing its medical devices in central Indiana, renovating its existing 70,000-square-foot facility in the process.