2010 was great for Indiana’s 100 largest companies
Despite enjoying rising revenues and profits, companies haven’t followed with big increases in job numbers.
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Circle Idea Competition finalists selected
Posters highlighting the top 12 proposals will be on display in Monument Circle storefronts until June 26 so members of the public can vote for their favorite. The ideas could be used by planners plotting the future of the downtown space.
Central Indiana home sales rise for first time in a year
Sales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.
INSIDE DISH: Italian eatery tables expansion amid downturn
Aaron O'Mara, co-owner of Augustino's, expected to open several locales until the economic downturn and a dip in sales scuttled those plans. Now he hopes to hold the line.
Airport Borders store on bankrupt chain’s hit list
Indianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
Carmel senior-living project to create 340 jobs
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
Report paints brighter picture for retail
The real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling while rents and sale prices are poised to rise.
City picks team for $15M Broad Ripple parking garage
The structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space and a police substation. Construction is set to begin this summer and be complete by mid-2012.
Rendering: Parking garage and retail for Broad Ripple
The city is kicking in $6.35 million for a $15 million Broad Ripple parking garage with first floor retail space and a police substation.
City to roll out plan for 16th Street tech corridor
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
IHOP adding new restaurants
The IHOP restaurant chain is trying to regain a foothold in central Indiana with two new locations under construction and at least three more in the works.
Arizona project bankrupts local developer Bodner
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
R.Lynda clothing boutique pulls plug on venture before opening
Construction of the shop at Traders Point Shopping Center was already underway.
Error removes limits from Indiana project wage law
A mistake in a bill that legislators meant to loosen wage requirements on government construction projects in Indiana will put all such projects — regardless of cost — under the regulations.
Eco-friendly downtown supply store closes
Green Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning a new building supply store with mix of green and traditional products.
Magistrate reverses David Marsh deposition ruling
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company’s former CEO, Don Marsh. Baker previously ruled that he couldn’t be deposed.
Inaugural Chowdown Midtown event set for launch
Mirroring the popular Devour Downtown event, Chowdown Midtown features 34 restaurants in the Broad Ripple area offering specific menu options for the set price of $30. The event runs through June 16.
Finish Line settles with former employee
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
Appraisal services firm plans local expansion, 150 jobs
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.