Indianapolis Business Journal

DECEMBER 7-13, 2015

The 48-story Chase Tower is the city’s most prominent skyscraper, so its abundance of unoccupied office space is disquieting for the whole downtown market. Scott Olson reports on its struggles, as well as the potential for a splashy new tenant: Also in this week’s issue, Anthony Schoettle estimates the impact of the global audience descending on Indianapolis for the Performance Racing Industry Show. And in A&E Etc., Lou Harry shows how the alleged war on Christmas has done little to dull festivities for the eponymous holiday in Indianapolis.

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Chase Tower struggles to fill vacant space

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 will take a big chunk of space there could mean it is poised for a turnaround.

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Top StoriesBack to Top

For ITT Educational, a hard fall and a long road back

ITT lawyers are zeroing in on cleaning up the legal quagmire—and they’re starting to have success. Without admitting liability, ITT in November reached agreements to settle securities lawsuits in Indiana and New York for a total of $29.5 million, with $25 million to be paid from the company’s insurance coverage.

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Investors betting no on Anthem mega-deal

Lots of investors are betting health insurance giants Anthem Inc. and Cigna Corp. won’t ever make it to the altar—an outlook driven by concerns antitrust regulators or other obstacles will prevent consummating the $45 billion deal.

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FocusBack to Top

OpinionBack to Top

VIEWPOINT: Mike Pence, governor of INtolerance

Not only did Pence double down on his support for RFRA, but when given multiple opportunities by the ABC News moderator to state the obvious, he refused to say the simple words that, “In Indiana, it is wrong to discriminate against people based on their sexual orientation.”

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Soccer stadium deserves community support

It is amazing that a city who has been trying for years to build unity among our many sub-populations, to grow the tax base, and to draw residents back to the city limits isn’t willing to support this model franchise’s proposal for a new stadium.

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In BriefBack to Top