2015 Forty Under 40: Michael Grimes
Michael Grimes, 37, vice president of omni-channel marketing for Finish Line Inc., is the athletic-shoe powerhouse’s key integrator of store and online experiences for customers.
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2015 Forty Under 40: Adlai Chester
Adlai Chester, 34, chief financial officer of Mainstreet, juggles finances for more than $1 billion in post-acute health care properties.
Developer updates plans for Broad Ripple apartment project
Browning Investments has dubbed its apartment-and-retail development to be built along the Central Canal as The Coil. Its 150 units are more than originally envisioned.
Office, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Kokomo sues state over proposed downtown baseball park
The city filed a complaint Monday in a Marion County court against the Indiana Department of Homeland Security, saying the agency’s opposition inhibits the city’s ability to complete the $9 million project.
Struggling strip centers reorganizing under bankruptcy
The two centers are owned by Centre Properties and located on the east and west sides of Indianapolis. Meanwhile, in a separate case, a lender is seeking to foreclose on several industrial buildings.
U.S. home sales fall off on decline of first-time buyers
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month. But over the course of the entire year, sales fell 3.1 percent.
Trucking company buys former off-airport parking land
Knight Transportation paid $4 million for the site in Plainfield and plans to build a driving school where a parking firm once operated before it was purchased last year by a competitor.
IU Health on course to spare Methodist, close University
All signs point to University Hospital’s being shuttered as Indiana University Health goes from three downtown hospitals to two.
Developer bets $40M on mixed-use project near IUPUI
A West Lafayette firm plans to construct an 11-story downtown apartment and retail project that would add to the growing number of housing developments targeting IUPUI students.
Owners of Mexican restaurant chain charged with felony theft
The owners of a popular chain of Mexican restaurants have agreed to plead guilty to criminal theft charges and forfeit $4.53 million for failing to report accurate sales figures to the state.
Vacant downtown lot where temple once stood finally sells
John Watson of Core Redevelopment bought the site at the southeast corner of 10th and Delaware streets and plans to build a small office and residential project on the property.
Key lawmaker sponsors bill to allow Sunday alcohol sales
House Public Policy Committee Chairman Tom Dermody of LaPorte has authored the bill that would allow Indiana groceries, pharmacies and liquor stores to sell alcohol on Sundays from 10 a.m. to 6 p.m.
Boyce promoted to chief exec at Defender Direct
Indianapolis-based Defender Direct Inc. has promoted president Jim Boyce to president and CEO, the residential security company announced Wednesday. Founder and CEO David Lindsey becomes chairman of the board.
U.S. homebuilders have best year since 2005
For all of 2014, U.S. builders started construction on 1.01 million new homes and apartments. It was the first time construction has topped 1 million since the height of the housing boom in 2005.
REIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
Update: Giordano’s targeting more than one Indy location
The CEO of the Chicago-based pizzeria says he’s scouting downtown locations and hopes to have a lease signed within the next three months.
Frisch’s alleges ex-treasurer embezzled $3.3M
The company that owns dozens of Frisch's Big Boy restaurants in Ohio, Indiana and Kentucky alleges a former assistant treasurer stole an estimated $3.3 million in a multiyear embezzlement scheme.
Feuding Hoosier Momma owners settle lawsuits
The legal battle among the owners of Hoosier Momma LLC has quietly been settled, which has led to the departure of Erin Edds, the founder who concocted the popular Bloody Mary mix.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.