Salon announces new location
All Occasions Hair Salon has relocated to Bomar Plaza, 876 South State Street in Greenfield. The salon, open since 1996, offers a wide variety of services for men and women.
Riley embarks on fundraising campaign
After years of relying on thousands of small donations raised from dance marathons, lemonade sales, car washes and other events, the Riley Children’s Foundation is embarking on an ambitious capital campaign to raise $175 million by 2020, according to the Indianapolis Business Journal.
The foundation, the fundraising arm of Riley Hospital for Children, launched its “Be the Hope Now: The Campaign for Kids” at a recent luncheon at the JW Marriott Indianapolis Downtown hotel.
The money will be used for pediatric research; patient care; maternity and newborn health; and family support programs. It’s the foundation’s first capital campaign since 2010, when it raised $200 million.
Foundation leaders say they have already raised $121 million toward the $175 million goal. That amount came from more than 300,000 donors who have contributed since July 2015.
New gaming entity acquires 2 casinos
Former Centaur Gaming executives have created a new business to acquire two casinos in northwest Indiana and have plans to relocate both gaming licenses, according to the Indianapolis Business Journal.
The new company, called Spectacle Entertainment, announced that it has acquired Majestic Holdco LLC, which owns the Majestic Star Casino and the Majestic Star Casino II, both located on Lake Michigan’s Buffington Harbor in Gary, for an undisclosed amount of cash.
Spectacle is led by some of the same individuals who controlled Centaur Gaming; Rod Ratcliff, former chairman and CEO of Centaur Gaming, is the chairman and CEO of Spectacle, and John Keeler, the former general counsel for Centaur, has been named the general counsel for Spectacle.
Broad Ripple complex sells for $40 million
A year-old grocery-anchored apartment property in Broad Ripple has been sold for more than $40 million, according to the IBJ.
The Coil Apartments complex, 6349 N. College Ave., was acquired Nov. 20 by Coil Apts. LLC, an affiliate of Chicago-based private-equity firm RDG Funds. The 151-unit complex covers 2.74 acres near the heart of Broad Ripple.
The purchase—RDG’s first in Indiana—includes retail space that houses a Fresh Thyme grocery store, as well as a 332-space parking garage.
RDG Funds bought the property for $40.7 million from a partnership consisting of developers Browning Investments and Sheehan Construction Co., according to a sales disclosure form filed with the state.
