Pair hopes to find niche in commercial real estate
First project for startup Loftus Robinson Development is a small conversion in Broad Ripple.
Scott Olson
Articles
Keystone Towers redevelopment could start in April
The first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments. Another 80 units would follow, complemented by a retail component.
Gen Con commits to city for five more years
The annual Gen Con convention, which had a previous commitment to Indianapolis through 2015, is extending its agreement through 2020. The latest Gen Con event drew a record 36,733 visitors.
Zoo launches $30M campaign to build orangutan center
Construction on the International Orangutan Center would start in August, with the opening set for Memorial Day weekend in 2014.
Ex-Speedway boss plans 4-lot subdivision on north side
Former Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate and now are planning to divide the land into a four-lot subdivision.
Carmel also likely competing for CME Group
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
Plowman receives 40-month federal sentence
A federal judge on Thursday afternoon sentenced former City-County Councilor Lincoln Plowman to 40 months in prison for attempted extortion and bribery.
IU law school in Indianapolis gets $24M from McKinney
The Indiana University School of Law in Indianapolis will be renamed Robert H. McKinney School of Law in honor of the retired banker and attorney.
For Big Ten championship, even suites are for sale
Besides individual tickets, entire suites are being offered for as much as $28,000 on various online brokerage sites for the inaugural Big Ten championship football game.
Prosecutors recommend 6-1/2 years for Plowman
The former City-County Councilor, convicted in September on federal bribery and attempted extortion charges, is scheduled to be sentenced Thursday afternoon.
Brightpoint ramping up repair services
Cell phone distributor views used market as lucrative.
Steak n Shake hit with overtime lawsuit
Two workers at restaurants in Georgia are suing the Indianapolis-based burger chain for failing to pay minimum wage and overtime to hourly employees.
IU Health reports most serious medical errors
Indiana’s largest and busiest medical system committed 19 preventable errors last year at its hospitals in Indianapolis and other cities, three fewer than in 2009, according to a report released Monday.
Star parent plans to add 108 jobs at local media units
Gannett Co. said the jobs will be added in central Indiana as part of an expansion of its media-related groups. Meanwhile, the newspaper’s union continues to negotiate a new contract with the company.
IU Health is national player in multi-organ transplants
Unusual surgeries bring certain amount of prestige, but not a lot of profit.
Study: State loses millions annually in online sales taxes
The report from the Indiana Fiscal Policy Institute says the state loses $40 million to $114 million every year in sales tax revenue from sales to online retailers such as Amazon.
Hendricks County ‘hotspot’ for package-liquor permits
Four package liquor permits in the county west of Indianapolis fetched a total of nearly $1 million, roughly a quarter of the $3.8 million the state netted during an auction of 279 new alcohol permits in Indiana.
Bank hits Centre Properties with $43M suit
Three local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure lawsuit brought by the real estate firm’s lender.
Christel House eyeing adult charter school
Like Goodwill’s program, it would cater to dropouts.
Local rental car firm named best in nation in J.D. Power survey
Indianapolis-based Ace Rent A Car expects boost in business after topping big national competitors for first time in J.D. Power and Associates survey.