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News & Analysis
Survey: Manufacturers optimistic about economic recovery
October 13, 2009
Scott OlsonIndiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
MoreO'Malia's closing northside market after 33 years
October 13, 2009
Cory SchoutenThe O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
MoreIndiana Health Information Exchange lands big insurer
October 13, 2009
J.K. WallUnitedHealthcare has become the second health insurer to join Quality Health First, a pay-for-performance program operated
by the Indiana Health Information Exchange, the exchange announced Tuesday.
MoreVIDEOS: IBJ panelists examine needs, options for health-care reform
October 13, 2009
J.K. WallPresenting five video excerpts from a free-wheeling panel discussion about health-care reform featuring five of the city's
top decision-makers. J.K. Wall moderates the IBJ's Power Breakfast, covering tort reform,illegal immigrants, pay models and
insurance companies.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreStudy: Taxing services could yield state $6.8B
October 12, 2009
Peter SchnitzlerThe non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding
the state's sales tax to include services.
MoreDow AgroSciences ratcheting up biotech efforts
October 10, 2009
Scott OlsonDow AgroSciences' introduction of a promising new product is helping transform the Indianapolis company as it transitions
from a focus on traditional agricultural chemicals to genetically altered seeds. The subsidiary of Michigan-based Dow Chemical
Co. partnered with St. Louis-based Monsanto Co. to develop what could become its biggest blockbuster, a genetically modified
corn variety it calls SmartStax.
MoreWellPoint memos show job cuts starting with mid-level execs
October 10, 2009
J.K. WallWith a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30
middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
MoreSecurities firm Stifel Nicolaus balks at fraud charge
October 10, 2009
Peter SchnitzlerTransactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreIndiana State Museum chief trying to define brand on tight budget
October 10, 2009
Kathleen McLaughlinThe museum finally has a brand—it bills itself as a “center for science
and culture”—but don’t expect a splashy campaign.
MoreIndustrial real estate holding up during downturn
October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
MoreDowntown public art campaign loses funding
October 10, 2009
Kathleen McLaughlinThe organizations that spearheaded the city’s public art campaign are crippled for a lack of funding. While other public
art efforts are under way in Indianapolis, no one organization has the money to commission an exhibit large enough to fill
downtown.
MoreMy Health Care Manager lands $3 million investment
October 10, 2009
Peter SchnitzlerThe company, which guides working adults and their parents through the maze of decisions and agencies involved in care for
seniors, plans to use the money primarily to augment its sales staff and operations.
MoreProposed Fishers medical park faces uncertain demand
October 10, 2009
Scott OlsonThe business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
MoreLucas Oil out to build on Jiffy Lube deal
October 10, 2009
Anthony SchoettleOne year after emblazoning its name on the Indianapolis Colts’ mammoth new home, Lucas Oil Products Inc. has leveraged
that sponsorship into a pact with Jiffy Lube that company founder Forrest Lucas thinks will score huge profits for his company.
MoreFirms line up to find new uses for old airport terminal, other properties
October 10, 2009
Chris O'MalleyThe cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
MoreKroger ads in Star grab attention, raise eyebrows
October 10, 2009
Anthony SchoettleA new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news
content begins.
MoreIndiana life sciences leaders discover dozens of tiny outsourcing companies
October 10, 2009
Chris O'MalleyBioCrossroads, an Indianapolis-based not-for-profit, is cataloging Indiana businesses offering contract services to pharmaceutical
and biotechnology companies, and discovering many small firms operating in relative obscurity.
MoreArea home sales stronger, prices still down
October 9, 2009
Scott OlsonHome-sale agreements in the nine-county Indianapolis area ticked up in September, due in large part to first-time homebuyers
enticed by large tax breaks.
MoreEconomist: Recovery at hand, but barriers exist
October 9, 2009
Scott Olson
Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ's annual Economic Forecast.
WellPoint shares partially recover after Thursday plunge
October 9, 2009
J.K. WallShares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum
behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.
MoreEmmis smacked with quarterly loss of $135M
October 9, 2009
IBJ StaffEmmis Communications Corp. suffered a whopping loss of $135.6 million in its most recent fiscal quarter, the Indianapolis-based
media company reported Friday morning.
MoreDaniels warns of more cuts amid revenue declines
October 8, 2009
Scott OlsonIndiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged
drop in
tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the
same period last year.
MoreAnonymous donor gives $5 million to Marian University
October 8, 2009
IBJ StaffMarian University has received an anonymous $5 million gift to support student scholarships, the Indianapolis-based school
announced Wednesday.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.