NOVEMBER 12-18, 2012

This week, read about how local developer Broadbent made it back from the brink and find out why Simon Property Group's CEO is spending more time in Manhattan. In Focus, see what out-of-staters thought of Indianapolis' tourism offerings. And in A&E, Lou Harry reviews an Islamic art show at the IMA.

Front PageBack to Top

$33 million mixed-use project to remake Fishers

November 8, 2012 | Cory Schouten

Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.

Hoosier colleges discover patents aren’t just for faculty anymore

November 8, 2012 | Chris O'Malley

Universities that once focused on faculty inventions now are encouraging students to pursue patents. Last year, 355 Purdue University students filed a patent, a 62-percent jump from 218 student-filed patents the previous year.

Freshman wave shifts dynamics of Indiana House

November 8, 2012 | Kathleen McLaughlin

Election Day brought 24 new members to the House of Representatives. That huge freshman wave, plus the return of 18 reps who were newly elected in 2010, means 42 percent of the House will begin the 2013 session with two years of experience or less.

Battered Broadbent climbs back from brink

November 8, 2012 | Cory Schouten

One of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and protracted legal battle with two lenders.

Out-of-the-way telecom company to branch into Indy

November 8, 2012 | Chris O'Malley

Smithville Telephone, headquartered in Ellettsville, near Bloomington, is the state’s largest independently owned phone company. Its Smithville Digital division, which provides fiber-optic communications to businesses, hospitals and schools in 17 Indiana counties, mostly in the south, has quietly been growing on the periphery of Indianapolis.

Life sciences finance pro heading to startup

November 8, 2012 | Chris O'Malley

If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.

Simon spared no expense with Manhattan residence

November 8, 2012 | Greg Andrews

The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.

Refinery purchases bring big gains to Calumet

November 8, 2012 | Dan Human

Better profitability in crude-oil refining has prodded Calumet Specialty Products Partners LP into a $1 billion flurry of acquisitions over the past year.

Buffett-owned residential brokerage network to have presence here

November 5, 2012 | Tom Harton

Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.

Community to commercialize innovations

November 2, 2012 | J.K. Wall

Community Health Network thinks it can help patients, engage doctors and maybe even make some money by trying to turn ideas within its organization into commercial products, service and companies.

MELANGTON: When it comes to sports, strike while the iron is hot

November 7, 2012 | Allison Melangton / Special to IBJ

In many ways, our schedule of events defines Indiana Sports Corp. That—along with our youth initiatives that will touch 185,000 young people throughout Indiana this year—is what separates us from our competitors in 500 other markets throughout our country.

Big Easy bests Indy in all but promo costs and visitors

November 7, 2012 |

A comparison of Indianapolis and New Orleans as tourism and convention cities.

Gilchrist & Soames enjoying sweet smell of success

November 7, 2012 | Scott Olson

Plainfield-based company provides its soaps and shampoos to world’s most prestigious hotels.

Potential visitors eye Indianapolis attractions

November 7, 2012 | Anthony Schoettle

Focus groups in Chicago, Louisville and St. Louis reacted strongly to photos of local tourism offerings like the Central Canal and the Artsgarden.

EDITORIAL: Pence should stick with business game plan

November 8, 2012 | IBJ Staff

It will soon be time for newly elected governor Mike Pence to prove his critics wrong. Pence beat challenger John Gregg in a closer-than-expected race in which he was accused of using his campaign’s major themes—jobs and the economy—to hide his conservative social agenda from Hoosier voters.

MAURER: Moderate Republicans, lend me your ear

November 8, 2012 | Mickey Maurer

Now that the Tea Party has swapped the best public servant in the United States Senate and a sure Republican seat for newly elected Joe Donnelly, a Democrat, perhaps it’s time moderate Indiana Republicans stand up and reclaim the party.

RUSTHOVEN: You’ll like Governor Pence

November 8, 2012 | Peter J. Rusthoven / Special to IBJ

Mike Pence’s victory in our gubernatorial contest was the highlight for Hoosier Republicans on Tuesday, and among the few bright spots nationally on a largely dismal night for the GOP.

FAENZI: Proposed Mass Ave structure stirs design passions

November 8, 2012 | Carol Faenzi

I am all for creating a thriving community, but imposing on everyone a large, flashing electronic screen does not come across as an invitation, but a distracting in-your-face visual shout that is at odds with the environment.

SCHMIDT: Proposed Mass Ave structure stirs design passions

November 8, 2012 | Wayne S. Schmidt / Special to IBJ

While walking down a street in Prague recently, I made some observations. There were no potholes and no parking lots—just rows of buildings. Each building was five stories high, except one. That one had a much different façade and an angular design. It also was the building where people congregated. It was the building that captured the most attention and prompted the most discussion.

Indianapolis Business Journal