The parent of City Securities Corp. finds itself at a crossroads with the May death of its 95-year-old vice chairman, Danny Danielson, and with his brother-in-law, Chairman John Peterson, approaching 83 years old.
The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that Salesforce.com will take a big chunk of space there could mean it is poised for a turnaround.
Since Mike Pence is the sitting Indiana governor, his selection may also raise complex legal questions for some Donald Trump supporters who've managed money for the state, including the private-equity execs Wilbur Ross, Stephen Feinberg, and Tom Barrack.
Schools are reducing annual payouts from their endowments as they brace for investment losses. With less money to spend on financial aid, faculty and other costs, colleges may have to search for other revenue.
The Secretary of State's office said Steven Garland claimed to be the director of commodities trading at Goldman Sachs and solicited investment money from his victims, saying he would invest it on their behalf.
As IBJ first reported Thursday morning, Newark, Delaware-based Sallie Mae plans to spend $15.7 million on the new office at 8425 Woodfield Crossing in northeast Indianapolis and add 278 workers to its existing staff.
Student loan provider Sallie Mae Bank is expected to announce plans Thursday morning to spend nearly $16 million on a collections office and call center that will hire up to 278 people before the end of 2023.