News & Analysis

Global group taps local woman to lead Indy chapter

August 25, 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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New U.S. homes sales fall unexpectedly to 4-month low

August 25, 2014
Bloomberg News
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
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Purdue Research, Crane form innovation partnership

August 25, 2014
Associated Press
The Crane Naval Surface Warfare Center, Purdue Research Foundation and Purdue's Discovery Park have forged a partnership agreement aimed at showcasing their intellectual property and moving their innovations to the public.
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Vectren division sale costs 120 miners their jobs

August 24, 2014
Associated Press
Evansville-based Vectren Corp. says 120 southwestern Indiana coal miners will lose their jobs by month's end as the natural-gas utility completes the sale of its coal-mining subsidiary.
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Indiana Excise Police arrest 134 in college towns

August 24, 2014
Associated Press
Police say the arrests occurred over the weekend while officers patrol near college campuses as students return for the start of the new school year.
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Family-founded underdog WTTV hits broadcasting pinnacle

August 24, 2014
Associated Press
The TV station has gone from a simple two-hour-a-day operation into a national affiliate within the span of a lifetime. Its early history is truly Hoosier: created with saved money, built with callused hands and managed by local folks.
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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 familiar

August 23, 2014
Ward takes first place among IBJ's All-Star Teams sixth year in row.
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Wynkoop is top real estate agent in 2014

August 23, 2014
Scott Wynkoop placed first among all-star agents a third year in a row.
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A love story with Christ Church takes contentious turn

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 accidents

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 incomes

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 play

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, WRDZ-FM 98.3 in Indianapolis, could be particularly sought after if the stations are sold individually.
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Mainstreet torques up expansion ambitions

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 tumble

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 again

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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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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Two more charter schools in Indianapolis to close

August 22, 2014
Associated Press
ADI Schools Inc. on Friday announced plans to relinquish charters awarded to Andrew Academy and Padua Academy charter schools. Both schools were sponsored by Indianapolis Mayor Greg Ballard.
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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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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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