News & Analysis

Simon mansion in Bel Air on market for $50M

April 15, 2010
Scott Olson
The 20,000-square-foot estate is in the ritzy neighborhood's most prestigious area, and boasts eight bedrooms and 16 bathrooms.
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Interactive Intelligence performance lifts CEO's pay

April 15, 2010
Peter Schnitzler
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169 percent.
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IUPUI cracks top 10 in MBA program rankings

April 15, 2010
 IBJ Staff
The Kelley School of Business' "Evening MBA" program at IUPUI finished 10th overall and fourth among public business schools in U.S. News & World Report's inaugural ranking of part-time MBA programs.
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Rockefeller: Insurers don't spend enough on medical care

April 15, 2010
Bloomberg News
Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s office.
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IEDC leads European trade mission

April 15, 2010
Peter Schnitzler
The Indiana delegation plans to visit Germany, Italy and the United Kingdom on a job- and investment-attraction mission.
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California brewer to open Franklin plant, hire up to 150

April 15, 2010
 IBJ Staff
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish operations in an existing 48,000-square-foot building in Franklin Business Park.
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Butler's Hayward declares himself eligible for NBA draft

April 14, 2010
Butler University star sophomore Gordon Hayward does not plan to hire an agent, which means he could return to school if he does not like his draft status.
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Local Scholars Inn sold, to reopen under new name

April 14, 2010
Scott Olson
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will lease the space from the building's owners.
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LEADING QUESTIONS: Real estate maven keeps even keel

April 14, 2010
Mason King
LQHenry_WatchVideoIn IBJ's new video feature offering management wisdom, Jeff Henry of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
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Pacers playing hardball with city on lease

April 14, 2010
Anthony Schoettle
The Indiana Pacers set a June 30 deadline to get a deal worked out to operate Conseco Fieldhouse. The team wants $15 million annually.
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Judge OKs sale of cemetery, funeral home company

April 14, 2010
Scott Olson
Pennsylvania company is one step closer to purchasing the Indianapolis-based Memory Gardens Management Corp., whose former owner pleaded guilty to theft and securities fraud.
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State unveils Web tools aimed to curb unemployment abuse

April 14, 2010
Peter Schnitzler
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
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Simon Property Group cranks up bid for General Growth

April 14, 2010
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
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Kite Realty Group slashes CEO's pay 44 percent

April 14, 2010
Peter Schnitzler
John A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
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Study: Ditch reform, add public option

April 14, 2010
J.K. Wall
In poll after poll, calls for repealing the new health insurance law get strong support. But if the law were repealed, an Indiana University survey released this week shows that Americans want a surprising thing in its place: a public option.
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Gleaners unveils $11.6M campaign for move to old Monarch site

April 14, 2010
Kathleen McLaughlin
Gleaners Food Bank is set to announce Wednesday that it is relocating to the former Monarch Beverage Co. warehouse on the southwest side of Indianapolis, and it hopes to raise $11.6 million for the move.
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Education stocks rise as reports hint at looser rules

April 13, 2010
Bloomberg News
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
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Ex-race car driver loses appeal on Porsche ownership

April 13, 2010
Michael W. Hoskins
The 7th Circuit Court of Appeals has ruled that the Indianapolis Motor Speedway Foundation Inc. is the rightful owner of a classic 1979 Porsche on display at its Hall of Fame Museum.
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City cracks down on illegal massage parlors

April 13, 2010
Peter Schnitzler
A multi-agency code-enforcement sweep aimed at curbing prostitution and human-trafficking targets 13 massage parlors.
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Cook promises Old Centrum work will be done by year-end

April 13, 2010
Kathleen McLaughlin
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at 12th Street and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
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Airport CEO spent $37K on travel in first year

April 13, 2010
Chris O'Malley
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
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Fair Finance trustee sues Dan Laikin for $19M

April 13, 2010
Greg Andrews
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass of related-party loans that propelled the company into insolvency.
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Centaur's junior lenders press for bankruptcy liquidation

April 13, 2010
Peter Schnitzler
Unsatisfied with the Hoosier Park owner's reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion of Chapter 11 bankruptcy into Chapter 7.
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CIB takes Black Expo grant request under consideration

April 13, 2010
Local not-for-profit wants annual $150,000 grant from the Capital Improvement Board restored to better market the Circle City Classic.
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Employers want cake, and to eat it, too

April 13, 2010
J.K. Wall
Employers are still trying to get their arms around what the new health insurance law will mean for them. But on the eve of the law's passage last month, a survey by Indianapolis-based United Benefit Advisors LLC showed employers as a group had no hope the law would reduce their costs but also no coherent plan for reforming the current system.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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