IBJ Staff

Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]

Lt. Gov. Becky Skillman this morning joined Indiana Department of Transportation employees and families who have lost loved ones in work zone-area accidents. Skillman made brief remarks honoring those individuals at the Indiana Government Center as part of Work Zone Awareness Week. Nationally, hundreds of people are killed in work zone accidents every year. Fox […]

Police are asking for help as they try to locate the killer of Lamont Wright, 27, who was shot and killed Monday outside a house in the 3800 block of Arthington Boulevard. Police have no suspects. Anyone with information should call Crime Stoppers at 317-262-TIPS.

A stolen car ended up in a creek this morning following an early-morning hit-and-run and police chase on the east side of Indianapolis. Lawrence police say cars in the chase reached speeds of 90 mph before the car’s driver lost control and crashed near 56th Street and Franklin Road. The driver was taken to Wishard […]

Police say a man posing as a helpful citizen faces felony rape charges. According to an affidavit, Imari Butler, 35, approached a woman at a near-north-side gas station last week and helped her change a flat tire. Butler allegedly attacked the woman in an alley after she gave him a ride home. He faces multiple […]

Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]

Stephen M. Hourigan began his new duties yesterday as executive director of the Indiana Economic Development Corp.’s small business and entrepreneurship initiatives. Hourigan, who will focus on encouraging creation of high-growth companies and small businesses, replaces Bruce Kidd. Kidd resigned in December to take a post as senior vice president at Indianapolis research firm Walker […]

HHGregg Inc. today reported better-than-expected revenue and profit projections for the fiscal fourth quarter. According to preliminary numbers for the quarter ended March 31, the Indianapolis-based electronics and appliances retailer had revenue of $365 million – a 13-percent increase over the same period a year ago. The retailer said profit per share for the quarter […]

Indianapolis-based Consona Corp. announced today it would acquire the enterprise-software-related assets of Redwood City, Calif.-based SupportSoft Inc. for about $20 million in cash. Consona, formerly Made2Manage Systems Inc., is a private company owned by Waltham, Mass.-based venture capital fund Battery Ventures VI LP and Chicago-based private equity firm Thoma Bravo LLC. The transaction should be […]

Indianapolis-based Emmis Communications Corp. has agreed to lease struggling Los Angeles radio station KMVN-FM to Mexico’s Grupo Radio Centro in a deal that likely will lead to an acquisition of the station. Under the seven-year deal that takes effect April 15, GRC will pay Emmis $7 million annually, with $14 million paid up front. Mexico […]

Virginia-based Sallie Mae said this morning that it would bring 2,000 jobs to the United States within the next 18 months by shifting call-center and other operations from overseas. Sallie Mae, the nation’s largest private student lender, said in a statement that it would hire call-center, information-technology and support employees. The company didn’t identify where […]

About 1,800 Indianapolis-area AT&T workers could go on strike if they don’t reach a deal with the company soon. Their contract expired Sunday morning, but they showed up for work today. The union is trying to keep AT&T from raising health care insurance premiums. AT&T said it is paying 92 percent of the health care […]

Indianapolis-based Consona Corp. announced today it would acquire the enterprise-software-related assets of Redwood City, Calif.-based SupportSoft Inc. for about $20 million in cash. Consona, formerly Made2Manage Systems Inc., is a private company owned by Waltham, Mass.-based venture capital fund Battery Ventures VI LP and Chicago-based private equity firm Thoma Bravo LLC. The transaction should be […]

Investigators are expected to release new details today about an accident that killed two people in Martinsville yesterday afternoon near State Road 37 and Legendary Drive. According to witnesses, the driver hit an embankment and crashed into a nearby creek. The identities of the victims haven’t been released.

Businesses at a Montgomery County employment fair are offering hundreds of job opportunities today in a variety of fields, including health care, manufacturing, information technology, education and government. The Hoosier Job Fair runs until 3 p.m. at Crawfordsville High School.

Indianapolis-based Emmis Communications Corp. has agreed to lease struggling Los Angeles radio station KMVN-FM to Mexico’s Grupo Radio Centro in a deal that likely will lead to an acquisition of the station. Under the seven-year deal that takes effect April 15, GRC will pay Emmis $7 million annually, with $14 million paid up front. Mexico […]

Barnes & Thornburg LLP has opened a law office in Atlanta – its eighth overall and first in the Southeast. The Indianapolis-based law firm sought an Atlanta presence to serve existing clients in the region and to be in a city considered a business center, said Alan Levin, Barnes & Thornburg’s managing partner, in a […]