The Indianapolis-based real estate investment trust reported a first-quarter profit of $47.6 million compared with a loss of $15.3 million in the same quarter a year earlier. Gains from the sale of properties helped drive profit.
The venerable Indianapolis architectural firm that designed many of the city's most recognizable buildings—including the Minton-Capehart Federal Building—has closed and two of its leaders have joined a local competitor.
Attorneys for David Marsh say information the executive has received from the IRS suggest he might face both criminal and civil charging stemming from expenses he submitted for reimbursement while serving as president of Marsh Supermarkets Inc.
The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
The shopping center on U.S. 31 is the third Broadbent-operated strip mall to fall into bankruptcy and its second in Greenwood to claim financial problems.
A Chicago native and independent theater owner plans to reopen the old AMC Loews College Park 14 movie complex on April 29, under the new moniker of Movie Buff Theatre.
Steak n Shake's parent company, Biglari Holdings, twice tried to acquire Fremont Michigan Insuracorp Inc. before the insurer agreed to be sold to Michigan-based Auto Club Insurance Association. Biglari, which owns nearly 10 percent of the insurer's shares, nevertheless was a winner in the sale.
Indianapolis startup looks to become the Expedia of pet travel.
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
Carl Cook has been tabbed to replace his father, Bill Cook, who died a week ago. But many in the Bloomington business community know little about him, which reflects the company’s strict privacy policy.
Enzo Pizza is refusing to vacate its space in the historic structure and is suing to stop construction to convert the east wing, where it’s located, into a bicycle hub.
The landlord of the downtown building that houses Jillian’s, which filed for bankruptcy protection earlier this week, wants the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
The Indiana Secretary of State’s Office is investigating prominent Fishers money manager Keenan Hauke after one of his advisers accused Hauke of financial irregularities involving a hedge fund he operates.
Locally based FB&F Entertainment LLC, which operates downtown restaurant and entertainment complex Jillian’s, lists no assets and liabilities of nearly $2.2 million.
In Indiana, women working full time are paid an average of $31,762 per year while men earn an average of $43,631 annually, U.S. Census Bureau statistics show.
Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
Interactive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software firm under a new holding company called Interactive Intelligence Group Inc.
Fraud suspect Tim Durham was released from a halfway house on Monday, after a more thorough accounting of his finances was presented to a federal magistrate. Durham had been at the Indianapolis facility since Wednesday.
The Indianapolis-based health care company’s stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.
Federal Judge Jane Magnus-Stinson on Thursday morning vacated the original trial date of May 16 and instead set jury selection for June 8, 2012. Meanwhile, lawyers for Tim Durham argued for his release from a halfway house he was sent to on Wednesday.
