News & Analysis

Indiana Toll Road operator set for short bankruptcy

September 23, 2014
Bloomberg News, Associated Press
The operator of the Indiana Toll Road, which paid $3.8 billion for a 75-year operating lease, won approval Tuesday of a schedule paving the way to exit bankruptcy court protection in just more than a month.
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ExactTarget parent wants to build office tower in Indianapolis

September 23, 2014
Jared Council
The CEO of Salesforce.com, which purchased ExactTarget for $2.5 billion last year, told IBJ on Tuesday morning that the firm was looking for the right opportunity.
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Solana apartment complex sells for $60.5 million

September 23, 2014
Mason King
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
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Angie's List to pay $2.8M in membership-fee settlement

September 23, 2014
Mason King
The settlement stems from a 2012 lawsuit alleging that the consumer-reviews firm renewed members at a higher rate than they were led to believe.
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Investors plan $6M Grand Park Fieldhouse in Westfield

September 23, 2014
Andrea Muirragui Davis
A private investment group led by Fishers entrepreneur Andy Card on Tuesday announced plans to build Grand Park Fieldhouse, a $6 million indoor facility for basketball and volleyball at Westfield’s Grand Park Sports Campus.
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Local money manager settles proxy fight, wins board seat

September 23, 2014
Greg Andrews
Carmel investment firm JWEST LLC ended up with one board seat, rather than the two it sought, but also got Rand Logistics to agree to a range of governance reforms.
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LDI acquisition could be latest springboard for growth

September 23, 2014
Jeff Newman
Indianapolis-based private investment company LDI Ltd. has acquired a small biotech manufacturer in a deal it says could be the launching point for many more acquisitions.
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Purdue: More students staying in, finishing school

September 23, 2014
Associated Press
Purdue says the increased success rates are due largely to efforts at recruiting and providing financial aid for students who are prepared for the school's academic challenges.
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Court suspends ex-bar association treasurer's license

September 23, 2014
Dave Stafford
The former treasurer for the Marion County Bar Association has been suspended from the practice of law for a minimum of two years for taking more than $9,100 from the organization.
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Prolific Fletcher Place developer tackling another project

September 23, 2014
Scott Olson
Demand for office space in the neighborhood is driving Deylen Realty's $1.2 million redevelopment of a building on South College Avenue that originally housed a bowling alley.
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Council Dems say they're pushing preschool debate into 2016

September 23, 2014
Hayleigh Colombo, Chalkbeat Indiana
City-County Council President Maggie Lewis and Vice President John Barth said children could be served next year by the state’s much smaller pilot program, which will reach nearly 800 economically disadvantaged four-year-olds in Marion County.
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More funds earmarked for domestic violence programs

September 22, 2014
 The Statehouse File
If all the money is distributed, it will bring the state’s total spending on domestic violence programs to $4.2 million this year. That’s about 35 percent more than the state spent last year.
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Democratic opponent calls Turner 'ghost' candidate

September 22, 2014
Associated Press
Democratic House candidate Bob Ashley said the way in which Turner is leaving the General Assembly effectively means the voters in his central Indiana district have a choice between Ashley and whichever official local Republicans pick for the seat.
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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 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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