Automated systems provider expands downtown
Open Control Systems LLC is investing $1.6 million to renovate, equip and lease 14,000 square feet of space over two buildings at 905 N. Capitol Ave.
Mason King
Articles
UPDATE: Urban League CEO flexible on retirement date
Civic and business leader Joseph Slash, 70, plans to move on soon, but is willing to wait for the search committee “to get it right.”
Lilly Endowment takes stock of year with $270.3M in grants
More than two-thirds of its grants in 2013 went to groups in Indiana, according to the philanthropic organization’s newly released annual report.
Toolmaker’s warehouse to close, laying off 80
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
Citizens plans $114M in upgrades for water system
Among the planned projects are a new groundwater treatment plant near Morse Reservoir, a booster station to improve water pressure on the northwest side, and several large water main replacement projects.
Bikeshare program to launch downtown on Cultural Trail
The program has been dubbed Indiana Pacers Bikeshare, due to a gift from the team’s owner. Users will be able to rent bikes from 25 locations along the Cultural Trail.
City close to maxing out $7.3M snow-removal budget
The city spent about 70 percent of its annual budget on just the first 10 days of the year. With the Department of Public Works’ Indy Snow Force scheduled to work on the latest snowfall through 11 p.m. Tuesday, the city is nearing its cap.
Strong year for home sales ends on 4-month skid
Home-sale agreements in central Indiana plummeted 18.6 percent in December, as the market continued a downward trend.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
HHGregg’s CFO to depart in January
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
Meridian corridor office complex sells for close to $43 million
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
Former Colt Saturday seeks ‘jock tax’ refund from Cleveland
Jeff Saturday has filed suit against the city of Cleveland, fighting a so-called “jock tax” that he contends unfairly dinged him during his playing days as an Indianapolis Colt.
Vectren to embark on $650M project, rate increases
The infrastructure work will upgrade the gas utility’s network across much of central Indiana.
Wheaton Van Lines acquires high-end Boston mover
Indianapolis-based Wheaton is making a strong move into the high-end corporate relocation business with its purchase of Boston-based firm Clark & Reid Co. Inc.
Retailer GNC to create $25M distribution hub, hire 225
The regional warehouse is expected to begin operations in the fourth quarter of 2014, and has already received tax incentives from Whitestown and Boone County officials.
Apparel maker plans to boost operations, hire 28
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
Local hotelier files for bankruptcy on 7 properties
Reeling from the recession, Bharat Patel hopes to protect the hotels from foreclosure. Their lender is owed as much as $120 million, according to court filings.
Eight Mattress World locations to rebrand as PureSleep
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
Canterbury to change name, close for 9-month renovation
The historic downtown hotel’s new owner says the $9.5 million revamp and affiliation with an international brand are needed to compete with new high-end hotels in the Indy area.
United plans direct flights between San Francisco, Indianapolis
The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.