News & Analysis

Chicago firm closes on $120M acquisition of Precedent park

July 10, 2014
Scott Olson
LaSalle Investment Management now owns the second-largest office complex in Indianapolis. It hit the market after a bitter legal dispute between its former owner and locally based HDG Mansur.
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Dozens of brewers, wineries set for Indiana State Fair

July 10, 2014
Associated Press
About 40 Indiana craft brewers and wineries will be setting up shop in the new wine and beer garden inside the fairgrounds' Grand Hall.
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NCAA president grilled by Senate committee

July 9, 2014
Associated Press
NCAA President Mark Emmert faced a skeptical Senate Commerce Committee and said he feels college sports "works extremely well for the vast majority" and that the overall current model of amateurism should be preserved.
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Panel recommends highway projects, indexed gas tax

July 9, 2014
Seth Morin, The Statehouse File
The state should index its gas tax to increase with inflation, build a new bypass around Indianapolis, and consider user fees to supplement highway funding, a transportation panel said in its recommendations Wednesday.
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Pence headed to United Kingdom for trade trip

July 9, 2014
Jessica Seabolt, The Statehouse File
Indiana Gov. Mike Pence, first lady Karen Pence and state officials will travel to the United Kingdom on Saturday for an economic development mission to bring jobs and investment to Indiana.
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Education board measures would curb Ritz's powers

July 9, 2014
Associated Press
Indiana Superintendent of Public Instruction Glenda Ritz said Wednesday she would have her lawyers review a pair of measures from the State Board of Education that would reduce some of her powers as board chair.
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Indiana agencies told to ignore gay marriages

July 9, 2014
Associated Press
Indiana Gov. Mike Pence's office is telling state agencies act as if no gay marriages had been performed last month during three days following a federal court order that found the state's same-sex marriage ban unconstitutional.
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Former Heartland CEO shifts gaze to distressed neighborhoods

July 9, 2014
 IBJ Staff
Jeffrey Sparks, 63, has joined Indianapolis-based not-for-profit and public policy research group Sagamore Institute as a senior fellow. He stepped down from Heartland Truly Moving Pictures in 2013.
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HHGregg ditches ad campaign, returns to former agency

July 9, 2014
Scott Olson
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a "brand transformation."
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UPDATE: Hoosier roots keep Jarden Home HQ in Indiana

July 9, 2014
Andrea Muirragui Davis
Jarden Home Brands considered out-of-state sites for a new distribution center to serve its growing consumer-products business, but leaders opted to stay close to home. The Daleville-based company plans to move its headquarters to Fishers.
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State aims to raise post-secondary education attainment

July 9, 2014
Paige Clark, The Statehouse File
At least 60 percent of Indiana's workforce will need post-secondary education skills by 2025 in order to compete for jobs, Indiana Lt. Gov. Sue Ellsperman said Tuesday.
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Government made $100B in improper payments in 2013

July 9, 2014
Associated Press
By its own estimate, the U.S. government made about $100 billion in payments last year to people who may not have been entitled to receive them.
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Jarden Corp. unit plans HQ in Fishers

July 9, 2014
Andrea Muirragui Davis
A subsidiary of the consumer products giant behind Ball jars, Yankee Candles, Crock-Pots and Coleman tents plans to spend nearly $22 million to open a regional headquarters and distribution center in Fishers that could employ nearly 300.
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Group backs out of deal for Anderson's Wigwam

July 9, 2014
Associated Press
Officials say a private group has decided not to take over Anderson's closed Wigwam gymnasium, leaving the fate of the 9,000-seat venue uncertain.
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Education battle flares between Ritz, Pence

July 8, 2014
Associated Press
Indiana Superintendent of Public Instruction Glenda Ritz accused Gov. Mike Pence's education staff and appointees to the State Board of Education of trying to "undermine" her efforts to secure a waiver from the federal No Child Left Behind Act.
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New IU office aims to boost graduation rates

July 8, 2014
Associated Press
A state Commission for Higher Education report this year found that about 50 percent of students at IU's Bloomington campus were graduating on time, while the regional campuses were at 10 percent or less.
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Duke unloads office buildings for $150M, report says

July 8, 2014
 IBJ Staff
The six Duke Realty Corp. properties in the Cincinnati area included the 403,000-square-foot Towers of Kenwood development, which sold for $69.2 million, according to the Cincinnati Business Courier.
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Carmel developer sinks $66M into four senior communities

July 8, 2014
Scott Olson
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
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NCAA seeks injury reduction with fewer full-contact practices

July 8, 2014
Bloomberg News
The recommendation is among a set of guidelines created to “generate a cultural shift within college athletics,” the Indianapolis-based NCAA said Monday.
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Greensburg factory to invest $28M, add 250 workers

July 8, 2014
 Associated Press and IBJ Staff
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
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Hoosier Environmental Council opposes dam on White River

July 8, 2014
Associated Press
The Hoosier Environmental Council has added its name to the list of environmental groups opposing a proposed seven-mile long reservoir along the White River in central Indiana.
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Multifamily projects abound in Chatham Arch, Lockerbie

July 8, 2014
Scott Olson
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
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For-profit educator closing 12 campuses in 11 states

July 8, 2014
Associated Press
Corinthian Colleges Inc., which competes against Carmel-based ITT Educational Services Inc., said Tuesday that a campus in Indiana is on its closure list.
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INDOT staffer in ethics case seeks new work

July 7, 2014
Associated Press
A top Indiana transportation official who is under investigation for land sales that benefited his family is considering taking an executive job at an engineering firm that bids for state work.
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UPDATE: Indiana vanity plate fight could go to Legislature

July 7, 2014
Associated Press
A fuss over a police officer's vanity plate has blown up into a constitutional debate that could lead to the Indiana General Assembly deciding whether to rewrite the law or stop selling personalized license plates altogether.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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