News & Analysis

New warehouses in Indianapolis area cater to consumers

September 20, 2014
Scott Olson
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
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HOHMANN: Whatever happened to the fab 16 Tech?

September 20, 2014
Abbe Hohmann / Special to IBJ
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
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ROBINSON: Downtown vacancies will plunge soonRestricted Content

September 20, 2014
John Robinson / Special to IBJ
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
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Second-quarter commercial real estate statistics for IndianapolisRestricted Content

September 20, 2014
Read statistics on Indianapolis area multi-office vacancy rates and the local industrial market.
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Manager of Cultural Trail plans HQ project

September 20, 2014
Scott Olson
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
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Startup prodigy Jaramillo started at age 7

September 20, 2014
Jared Council
Santiago Jaramillo is CEO of Bluebridge Digital LLC, which creates and manages apps primarily for not-for-profits, and it’s one of the first app companies to operate on a subscription model. But Jaramillo was his own boss well before mobile apps and smartphones even existed.
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Hilbert-Menard legal brawl showing no sign of let-up

September 20, 2014
J.K. Wall
A year and a half after John Menard ousted Steve and Tomisue Hilbert as the managers of the private equity firm they all started, attorneys for the two sides continue to fight bitterly for every tactical advantage in a dozen lawsuits between them.
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Skjodt plotting $25 million sports complex

September 20, 2014
Anthony Schoettle
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
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Lean years loom for Capital Improvement Board

September 20, 2014
Kathleen McLaughlin
The Capital Improvement Board is headed for lean years, but it’s not for a lack of resources. The entity that oversees downtown convention and sports venues faces payment of two big debts.
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One Click prunes e-commerce sites, launches eyewear brandRestricted Content

September 20, 2014
 IBJ Staff
One Click Ventures, known for its variety of e-commerce sites, recently launched a new website and sold off others as it strives to meet hiring goals tied to economic development incentives.
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Embattled Indiana Rep. Turner to resign after elections

September 19, 2014
Associated Press,  The Statehouse File
Republican Rep. Eric Turner of Cicero said Friday that he will leave the General Assembly to take a job with a Christian group in Atlanta.
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Former GIPC leader gets 2 years of home detention

September 19, 2014
Jeff Newman
The former executive director of the Greater Indianapolis Progress Committee was sentenced to two years of home detention Friday after pleading guilty to four counts of forgery. The plea agreement was approved after Matthew Hendrix turned over a restitution check for $126,356.
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ITT shares plunge 35 percent after SEC threatens action

September 19, 2014
Bloomberg News, J.K. Wall
ITT Educational Services Inc. dodged a bullet from the U.S. Department of Education, according to a securities filing issued Friday morning, but now faces a new threat: a potential enforcement action from the U.S. Securities & Exchange Commission.
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Indiana could be top state for school vouchers

September 19, 2014
 Scott Elliott, Chalkbeat Indiana
Preliminary data from the Indiana Department of Education shows 29,437 Indiana children applied for vouchers this year.
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Current to add Geist to growing newspaper stable

September 19, 2014
Anthony Schoettle
Current Publishing LLC, a Carmel-based firm which publishes five weekly newspapers covering parts of Hamilton and Boone counties, continues to thrive as the print news industry as a whole lags.
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State unemployment rate slips to 5.8 percent

September 19, 2014
 IBJ Staff
Indiana lost 2,600 private-sector jobs in August despite more big gains in manufacturing-sector employment, the state’s Department of Workforce Development said Friday morning.
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Second solar farm slated for Indy airport

September 19, 2014
Mason King
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
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FDA approves Eli Lilly's injectable diabetes drug

September 18, 2014
Associated Press
The agency on Thursday cleared the drug, Trulicity, as a weekly injection to improve blood sugar control in patients with type 2 diabetes, which affects more than 26 million Americans.
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Obamacare enrollment at 7.3 million people, official says

September 18, 2014
Bloomberg News
That’s a 9-percent reduction from the government’s May estimate of 8 million, which reflected only how many people had signed up, not how many had paid and were enrolled in the coverage.
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New state panel begins review of professional licenses

September 18, 2014
Associated Press
Since 2002, Indiana has created more than 40 new professional requirements, including 20 new licensed occupations, while eliminating only three licensure requirements and regulatory mandates.
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Indiana settles DCS adoption suit for $15 million

September 18, 2014
Associated Press
The state will pay $15.1 million to about 1,800 families who adopted special needs children. The settlement was filed in LaPorte Superior Court on Thursday afternoon and still needs court approval.
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Domestic violence activist, state disagree on deal

September 18, 2014
Associated Press
An advocate for victims of domestic violence said her group reached agreement Thursday with Indiana officials over funding for the private agencies serving them, but a state official denied there was a deal.
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Volatile apartment sector reduces U.S. home building

September 18, 2014
Associated Press
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
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Wal-Mart targeted by lawsuit for local PCB discovery

September 18, 2014
Scott Olson
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.
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State energy trade association replaces longtime leader

September 18, 2014
Jeff Newman
The Indiana Energy Association has appointed former Northern Indiana Public Service Co. President Mark Maassel as president, succeeding longtime leader Ed Simcox, the organization announced Thursday.
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