News & Analysis

IU Health to bypass Indy next year on Obamacare exchange

September 22, 2014
J.K. Wall
IU Health Plans, the insurance arm of the Indianapolis-based hospital system, is limiting itself to three middle-size markets next year—Bloomington, Lafayette and Muncie—even though the bulk of its facilities is in the metro area.
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Meijer planning to build store in Glendale area

September 22, 2014
Scott Olson
The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.
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Dwindling traffic led to bankruptcy filing, toll road operator says

September 22, 2014
 Bloomberg News and IBJ Staff
The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection Monday as expected after dwindling traffic soured a $3.8 billion bet on a 75-year lease.
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Apple: iPhone 6 models break company sales record

September 22, 2014
Associated Press
Apple says it sold more than 10 million iPhone 6 and 6 Plus models in the three days after the phones went on sale.
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U.S. home sales snap 4-month streak of gains

September 22, 2014
Associated Press
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
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Neighbors file suit to block 2,000-hog facility

September 22, 2014
Associated Press
Nearby residents raised worries that the hog facility would lower the water table, cause odors and increase truck traffic near their homes in the rural area about 30 miles south of Indianapolis.
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Indiana gun permit applications moving online

September 22, 2014
Associated Press
Indiana State Police are switching to an online gun permitting system that will bring end to the use of paper applications for those permits.
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Indiana pension fund assets grow to record high

September 21, 2014
Associated Press
Indiana's pension fund for public employees and teachers has grown to a record high of $30.2 billion in assets thanks to "a great year" of returns on its investments, the fund's leader says.
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Manning: Pot helping pizza business; Daniels 'could have been' president

September 21, 2014
Cory Schouten
Legalized marijuana has translated into booming business for Peyton Manning's Papa John's stores in the Denver area. He bought the franchises shortly before Colorado passed its legalization amendment in 2012.
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New Indiana Toll Road operator due amid bankruptcy

September 21, 2014
Associated Press
The debt-ridden private company running the Indiana Toll Road intends to transfer its operations to a new entity under a bankruptcy filing planned for Monday.
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Commercial Real Estate Power Breakfast transcriptRestricted Content

September 20, 2014
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.
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New warehouses in Indianapolis area cater to consumersRestricted Content

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?Restricted Content

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 projectRestricted Content

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 7Restricted Content

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 BoardRestricted Content

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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