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.
Mason King
Articles
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.
Mammoth distribution center sold to California firm
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
IndyFringe Festival breaks attendance record
Wrapping up Sunday, the 11-day performing arts festival downtown sold a total of 17,286 tickets for the 64 productions mounted.
Former foundation exec to plead guilty to felony
Trevor Bradley has agreed to serve jail time and repay nearly $38,000 after allegedly admitting to buying swanky merchandise with money from the Meadows Community Foundation.
City files nuisance suits against apartments
The two west-side apartment complexes have generated more than 3,200 police runs since 2008, according to the lawsuits. One owner told IBJ on Tuesday he would work with the city to make improvements.
Doctor charged with overprescribing painkillers
Dr. Segun Rasaki, 49, prescribed drugs like hydrocodone and methadone to people who didn’t need them, and submitted fraudulent insurance claims such as duplicate billings, according to court documents.
Flavor-maker to close Indy plants, lay off 47
Kerry Ingredients & Flavours LLC plans to consolidate the Indianapolis manufacturing operations into other U.S. facilities. Thirty-five temporary workers also will lose positions.
Car parts maker expands in Hancock County
A 250,000-square-foot distribution center that sat empty since the recession has finally nailed down a tenant—a Canadian firm relocating operations from nearby Knightstown.
Carmel firm settles discrimination lawsuit for $90K
A Carmel-based power-grid operator has agreed to pay $90,500 to settle a disability discrimination lawsuit involving an employee who allegedly suffered from postpartum depression.
Ingersoll-Rand spin-off names CEO for Carmel operation
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.