News & Analysis

Anderson lodge's decline mirrors city's changed demographics

June 11, 2013
 IBJ Staff, Associated Press
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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Two major downtown office buildings set for sheriff's sale

June 11, 2013
Scott Olson
Two prominent downtown office buildings, the Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St., are among properties listed for a July 17 sheriff's sale.
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AT&T building's new owner targets first-floor retail

June 11, 2013
Scott Olson
Geis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million late last month from AT&T, which is reducing its downtown presence.
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Pence urges lawmakers to uphold tax bill veto

June 10, 2013
Associated Press
Pence sent a letter to legislators urging them to uphold his veto of a local tax measure. The measure retroactively approves taxes collected by Jackson and Pulaski counties to pay for new jails.
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Troubled Indiana gasification plant begins operation

June 10, 2013
Associated Press
Duke Energy said that its $3.5 billion, high-tech 618-megawatt plant near Vincennes will produce 10 times as much power as a former plant but emit about 70 percent less pollution.
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Indianapolis to get 500-vehicle electric car-sharing system

June 10, 2013
 IBJ Staff and Associated Press
A French company's $35 million system would help Indianapolis open more charging stations than any other city in the nation by 2025.
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Good news, bad news for Cook stent business

June 10, 2013
J.K. Wall
While Bloomington-based medical-device maker won approval for new bile duct stent, it has recalled its hot-selling arterial stent from all global markets.
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Salesforce slow to excite investors after $2.5B buyout of ExactTarget

June 10, 2013
Dan Human
Shares of the California-based cloud computing giant continue to lag after last week's announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
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Outside reviewer picked to study ISTEP troubles

June 10, 2013
Associated Press
An independent review of Indiana's ISTEP test results is under way one month after computer troubles disrupted test-taking for thousands of students this spring.
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Planned Parenthood affiliates in Indiana, Kentucky to merge

June 10, 2013
Mason King
The new not-for-profit organization is expected to be named Planned Parenthood of Indiana and Kentucky—or PPINK—and continue to operate the 28 existing health centers between the two states.
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Pence urges vets to register businesses with state

June 10, 2013
Associated Press
Gov. Mike Pence said that beginning July 1, the state will implement a goal to contract 3 percent of its work with veteran-owned small businesses.
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Citizens steam users could see hike as high as 23 percent

June 10, 2013
Mason King
A vast majority of the 185 downtown-based steam-service customers of Citizens Energy Group would pay at least 12.9 percent to 23 percent more under a rate-increase proposal.
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Bio-Response expanding in Hendricks County

June 10, 2013
 IBJ Staff
Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.
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Central Indiana farmers turn to organic growing

June 9, 2013
Associated Press
The organic food sector grew by $2.5 billion nationally during 2011, and it keeps growing.
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Analysis: Parties take statewide battles inside for 2014

June 9, 2013
Tom LoBianco / The Associated Press, Associated Press
If Indiana's 2014 election season ends up being a lot quieter than its 2012 bash, it will be due partly to the parties' allowing their top intraparty battles to play out inside the convention halls, instead of on the airwaves.
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Sales of boomer-owned businesses deemed close at hand

June 8, 2013
Norm Heikens
Several factors have aligned to spark the long-expected trend.
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Upstate bank headed for FishersRestricted Content

June 8, 2013
A Warsaw-based bank will build in Fishers its second Indianapolis-area office.
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IDI seeking input for strategyRestricted Content

June 8, 2013
Velocity, the downtown strategic planning project launched by Indianapolis Downtown Inc., is holding a series of neighborhood roundtable meetings in June to gather input about the future of downtown and surrounding neighborhoods.
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Faegre opening Silicon Valley officeRestricted Content

June 8, 2013
Faegre Baker Daniels LLP, which has a major Indianapolis presence, is opening an office on the West Coast.
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Riley CDC names successor to retiring executive directorRestricted Content

June 8, 2013
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development and economic development experience to the organization.

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Cummins looking to build downtown Indy officesRestricted Content

June 8, 2013
Scott Olson
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
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Fishers, Noblesville put cuffs on charities to recoup tax revenue

June 8, 2013
Andrea Muirragui Davis
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
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Crew making quick progress on Citizens Energy sewage tunnelRestricted Content

June 8, 2013

The Deep Rock Tunnel is the largest public-works project in the city’s history, and Citizens customers are already paying for the first phase, which cost $444 million.

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Former TV news king WRTV seeking comeback under new owner

June 8, 2013
Chris O'Malley
WRTV-TV Channel 6 is making big changes, many tailored to capturing viewers through digital outlets, in an effort to stage a comeback after a two-decade slide.
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