A global innovation center staffed with engineers and technicians will be opened in Batesville by Hill Rom, the health care division of Hillenbrand Industries Inc., the company said this afternoon. Hill Rom Innovation Center will be the company’s hub for international research and development teams designing medical equipment. Hill Rom received as much as $2 million […]
The distinctive black-and-white façade of the Zipper Building at Washington Street and Virginia Avenue is gone, stripped away like ceiling tiles from an old bedroom. Replacing the unusual exterior of the three-story structure will be a more traditional brick and stone look-and a new moniker bearing the name of owner The Broadbent Co. Broadbent, the longtime developer of retail strip centers including Castleton Plaza, Clearwater Crossing and Fashion Mall Commons bought the downtown building last October and is set to…
Alliance for Cooperative Energy Services announced today that it will add 25 jobs to the 113 employed at its Carmel headquarters and spend $4 million to update equipment. Fifteen electric power cooperatives own the wholesale energy risk management and transaction executive firm, which was founded in 1999. The state is giving ACES up to $188,000 […]
Interactive Intelligence Inc. has come full circle. On May 2, Marion County’s Metropolitan Development Commission was slated to review a 10-year property tax abatement for the communications software maker. If the incentive is approved, Interactive Intelligence plans to use it to hire 637 people at an average of $32.50 per hour. According to its filings with the city, the company also will build a $15 million, 154,000-square-foot building next door to its current headquarters near Interstate 465 and West 71st…
The Indianapolis-based parent of Australian Gold tanning lotions and tanning-salon-software-maker Helios said on Thursday it will expand operations here, creating 55 jobs. The parent, New Sunshine, said the $9.2 million expansion will result in upgrades to production facilities and computer equipment. A private equity fund affiliated with Stephen Hilbert purchased the businesses last year. They […]
Tipton mayoral candidates say the $530 million transmission plant Chrysler Group and Germany-based Getrag Corporate Group are building near the town should provide job growth without disrupting the rural way of life associated with the community, according to the Kokomo Tribune. Getrag’s tax abatement request shows it intends to hire 1,088 Chrysler workers, and create […]
A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is…
South-side developer J. Greg Allen is pitching a massive project along Pennsylvania Street downtown that includes hotel towers–one
28 stories, the other 17–to be built on property now used mainly for surface parking.
After years of designing banks, churches and condo conversions, Prince/Alexander Architects Inc. is working
with unnamed partners on a plan to replace its headquarters with a $47 million, 24-story hotel and condo development called
West Merrill Tower.
Marsh Supermarkets is hoping for final approval next month of a five-year tax abatement worth about $50,000 for a renovation of its downtown O’Malia’s store. The company plans to invest $1.5 million…
Marsh Supermarkets has withdrawn a request for a five-year tax abatement for renovation of the downtown O’Malia’s store. Marsh officials notified the city Tuesday, shortly after Property Lines reported on the…
There are two books I want to call to your attention. They are both written by Hoosiers and are both vitally important to Indiana at this time. But this column, again, must be about property taxes because that is the compelling issue of the day. One book is “I Never Worked a Day in My Life,” by Bill Haeberle, the retired IU business professor who has started and aided hundreds of businesses. The other is “Performance is the Best Politics,”…
When Ed Beilouny bought property at the southwest corner of Massachusetts and College avenues in 1977, many of his friends and family members thought he was crazy. The neighborhood wasn’t much to look at. In the eyes of some, it was downright dangerous. But Beilouny, who was born in New York, had a vision that would take 30 years to develop. The land is now home to the flagship building of Beilouny Luxury Properties, a privately held company that has…
About 4.2 percent of gross assessed property value in Indiana-roughly $16 billion worth-is not taxed because it is in a tax-increment-financing district or covered by a tax abatement, both of which are intended to encourage economic development. The figures, which amount to $400 million of property taxes, were discussed yesterday by the Commission on State […]
The owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received…
The city plans to hire an outside auditor in the next few months to review the books of the Conrad Indianapolis Hotel and
determine how its investment is performing. It’s a routine process, Mayor Bart Peterson said. But it’s one hotel-industry
experts say is overdue.
Ithe process of f n theory, retail, office or industrial location as should putting be as rational and unemotional reality, emotions together a spreadsheet. But in as hard data. can carry just as much weight “People use very sophisticated uildings processes , but in and evaluations to compare b ,” s as much of an art as a science the end, it’ . Smith, CEO eteran Samuel F said industry v Commercial of Indianapolis-based Resource aspect of it Real Estate…
Centrifuge maker Beckman Coulter Inc. expects to add about 120 jobs at a new facility on West 76th Street and has applied for tax abatements worth a total of about $644,000. The Fullerton, Calif.-based company announced in January that it planned to move its Palo Alto facility to Indianapolis to cut costs and improve staff […]
Premier Properties USA Inc. is preparing to go head-to-head with Simon Property Group Inc., the nation’s largest and most
powerful mall developer, across the street from Simon’s top-performing The Fashion Mall at Keystone. Premier is proposing
a 2.3-million-square-foot, $750 million development at 86th Street and Keystone Avenue called Venu.
In exchange for promises to keep its headquarters here, Marion County is considering providing an eight-year property tax abatement worth $17,659 for local parking ticket software-maker T2 Systems Inc. According to a Department of Metropolitan Development filing, T2 Systems is promising to add 115 jobs to its current work force of 43 as well invest […]
