New-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building. The 3-percent decrease in building permits, however, was the smallest decrease since 2006.
Interstate/Delaware & South Towing has filed suit against Indianapolis, charging breach of contract. The company, accused of numerous towing violations, faces suspension or revocation of its license.
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
New program is making progress in volatile countries.
The company that produces both the Indianapolis Home Show and the Indianapolis Home & Flower Show said a Super Bowl-related scheduling conflict led it to combine the shows this year.
Will there be enough parking available to accommodate the flood of Super Bowl visitors and—perhaps more important—will downtown commuters still have access to their usual spaces?
As of Wednesday, the Salvation Army’s Indiana Division had reached just 51 percent of its $3.2 million goal for its annual Tree of Lights campaign.
The merger of Bingham McHale and Greenebaum Doll & McDonald will form Bingham Greenebaum Doll LLP as of Jan. 2. The combined firm will have nearly 250 lawyers.
The Indianapolis-based wireless distributor accuses Mitch Black, who left Brightpoint last year, of taking company trade secrets to a new job with a direct competitor. Brightstar Corp. also is named in the lawsuit.
Federal prosecutors are recommending that Kexue Huang be sentenced to 87 months in prison for sending trade secrets worth millions to China and Germany.
A Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche Diagnostics in March 2008.
The investors are concerned Emmis will gain voting rights to two-thirds of the preferred shares and that it would use that clout to get out of paying millions of dollars in dividends.
Executive Director Scott Fulford said he is retiring and handing over leadership to Troy Whittington, who currently is director of business development. He officially becomes interim director on Jan. 1.
Celadon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters. The local trucking firm plans to hire 100 more employees by 2016.
Sarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway’s new Main Street to house her race team. Construction on the 37,000-square-foot shop could start in February and be finished in September.
The controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
The investors argue that a bankruptcy trustee’s settlement reached last month with former Marion County Prosecutor Carl Brizzi could extricate Brizzi from lawsuits they’ve filed against him.
Sky Zone, a franchised all-trampoline indoor recreational complex operated by Jeff Mast, opens Monday in Fishers at Cumberland Road and East 121st Street, just south of Interstate 69.
Two Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for failing to meet investment and employment goals.
