News & Analysis

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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ExactTarget option gains approach $300MRestricted Content

June 8, 2013
Dan Human
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
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Locally produced laundry additive taking on skin cancer

June 8, 2013
Anthony Schoettle
In a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential life saver.
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Center Township trustee to list Mass Ave buildingRestricted Content

June 8, 2013
Kathleen McLaughlin
The township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building on 1-1/3 acres of land.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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