News & Analysis

At-Home Quarterly MarketplaceRestricted Content

August 23, 2014
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
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Condos making comeback in IndianapolisRestricted Content

August 23, 2014
Scott Olson
The market is starting to wake up after years of slumber caused by the housing downturn.
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Indianapolis homebuilder combines dashing design, prefabricated contructionRestricted Content

August 23, 2014
Sam Stall
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.
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All-star real estate agent leadership sounding familiarRestricted Content

August 23, 2014
Ward takes first place among IBJ's All-Star Teams sixth year in row.
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A love story with Christ Church takes contentious turnRestricted Content

August 23, 2014
Greg Andrews
This is far from the first time that heirs and beneficiaries of the Lilly family fortune have tangled over how it was managed.
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Broad Ripple lawyer represents cyclists involved in personal injury accidentsRestricted Content

August 23, 2014
Anthony Schoettle
Indianapolis attorney Tim Caress’ desire to combine his after-work passions with helping people whose “lives have been turned upside down” resulted in his rolling—and running—into a new and growing line of business.
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Feds' new data adds shine to Hoosier incomesRestricted Content

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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Demise of Radio Disney causing static; local station in playRestricted Content

August 23, 2014
Anthony Schoettle
Walt Disney Co. announced earlier this month that it would sell its 23 radio stations that target children ages 3 to 15. The only Radio Disney outpost on the FM dial, WRZD-FM 98.3 in Indianapolis, could be particularly sought after if the stations are sold individually.
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Mainstreet torques up expansion ambitionsRestricted Content

August 23, 2014
J.K. Wall
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
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Star caterer Jack Bayt on upswing after tumbleRestricted Content

August 23, 2014
Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.
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Builders Estridge and Davis rebound from bust, run own firms againRestricted Content

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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Global group taps local woman to lead Indy chapterRestricted Content

August 23, 2014
Kathleen McLaughlin
Jennifer Burns is looking for a couple of dozen twenty-somethings who, like her, share the lofty goals of the World Economic Forum, the organization that gathers heads of state and CEOs each January in the Swiss mountain town of Davos.
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City-County Council approves landlord registryRestricted Content

August 23, 2014
The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.
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Kite Realty creates general counsel postRestricted Content

August 23, 2014
 IBJ Staff
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
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Health commissioner resigns for personal reasons

August 22, 2014
Associated Press
Dr. William VanNess said Friday he plans to stay on the job until Gov. Pence finds a replacement, saying he likely will stay on until early October.
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IU closing proton therapy center, cyclotron

August 22, 2014
 IBJ Staff
The Indiana University Health Proton Therapy Center and IU Cyclotron in Bloomington will close by the end of the year, costing 120 employees their jobs, IU announced Friday morning.
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Simon hands over Washington Square to lender

August 22, 2014
Scott Olson
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
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Toyota to expand Highlander production, add 300 workers

August 22, 2014
 IBJ Staff and Associated Press
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
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Struggling Angie's List lays off 97 salespeople

August 22, 2014
Mason King
The consumer-review firm told federal regulators Friday that the move was "part of a focus on improving salesforce performance and productivity."
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Noblesville eyes plans for $10M park, amphitheater

August 22, 2014
Andrea Muirragui Davis
Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
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Coats: Planned reservoir can't rely on fed money

August 22, 2014
Associated Press
U.S. Sen. Dan Coats said planners of a proposed central Indiana reservoir shouldn't look to the federal government for help in financing the $450 million project.
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U.S. farmers may grow more corn than they can handle

August 22, 2014
Bloomberg News
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
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Kokomo residents embrace bus route expansion

August 22, 2014
Associated Press
The City Line Trolley bus service has seen its passenger totals increase 31 percent since it added three new lines and expanded the number of stops from 118 to 275 last summer.
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WFYI broadens reach with Indiana State agreement

August 22, 2014
 IBJ Staff
Starting Sept. 15, WFYI-FM 90.1’s broadcast will be heard on WISU-FM 89.7, the official radio station of Indiana State University in Terre Haute.
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Lawmakers move to monitor State Board of Accounts

August 22, 2014
Jacob Rund, The Statehouse File
A subcommittee of the Indiana Legislative Council met this week to determine the goals and best practices of a new Audit Committee, which is meant to operate as a type of peer-review system for the State Board of Accounts.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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