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People in the news - Aug. 14, 2014

August 23, 2014
People listings are free.
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Kite Realty creates general counsel post

August 23, 2014
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
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IU closing proton therapy center, cyclotron

August 22, 2014
The Indiana University Health Proton Therapy Center and IU Cyclotron in Bloomington will close by the end of the year, costing 120 employees their jobs, IU announced Friday morning.
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WFYI broadens reach with Indiana State agreement

August 22, 2014
Starting Sept. 15, WFYI-FM 90.1’s broadcast will be heard on WISU-FM 89.7, the official radio station of Indiana State University in Terre Haute.
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Lilly wins tentative approval for diabetes drug

August 20, 2014
Final approval could be delayed until mid-2016 due to a claim of patent infringement by drugmaker Sanofi.
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Indianapolis Downtown Inc. to go by new name

August 20, 2014
Indianapolis Downtown Inc., a 21-year-old public-private promotional group, plans to do business under a new name as part of a strategic plan, it announced Wednesday morning.
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Gaming convention sets another attendance record

August 19, 2014
Gen Con 14, which wrapped up Sunday, drew 56,614 unique visitors to the Indiana Convention Center, surpassing 2013’s previous record of 49,530.
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Real estate company proposing $26 million development

August 18, 2014
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
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Cardinal Health unit seeks tax breaks for local drug facility

August 18, 2014
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
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Central Indiana home sales continue to trail 2013

August 18, 2014
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
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People in the news - Aug. 18, 2014

August 16, 2014
People listings are free.
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Illinois ends contract with private manager of lottery

August 15, 2014
The manager, Northstar Lottery Group LLC, is 80-percent owned by Rhode Island-based Gtech Corp., the parent company of Gtech Indiana, which manages the Hoosier Lottery.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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