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Rapid growth of e-commerce likely to fuel industrial-market momentum for years to come

August 14, 2020 | Mickey Shuey

The planned, 2.2-million-square-foot Walmart distribution center is one of a dozen warehouses exceeding 900,000 square feet to enter the Indianapolis market since 2011.

Distribution building sells for $28.5 million

August 14, 2020 | IBJ Staff

Pennsylvania-based Exeter Property Group has acquired a 604,000-square-foot speculative industrial property at the Fishback Creek Business Park in Whitestown.

Simon Property misses Wall Street expectations as profit sinks

August 10, 2020 | Susan Orr

The Indianapolis-based shopping mall operator said all of its U.S. properties have reopened, with the exception of a handful in California that were forced to close for a second time on July 15 because of government mandates.

Hotels at Pan Am Plaza to create 600 jobs paying at least $14 an hour

July 28, 2020 | Samm Quinn

The project, which includes plans for a $125 million expansion of the Indiana Convention Center, would also create 2,500 construction jobs before completion in 2025.

Lilly seeking $23.8M tax break to expand diabetes research, production

July 21, 2020 | John Russell

In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.

Zionsville boosts VanTrust’s $98 million warehouse project

July 8, 2020 | Kurt Christian

The Kansas City, Missouri-based developer was granted tax abatement for a second phase of its 160-acre Hub I-65 warehouse and distribution project, the first phase of which is nearly finished.

Prologis planning $50M warehouse development in Zionsville

June 30, 2020 | Kurt Christian

A largely agricultural area near the formerly contested border of Zionsville and Whitestown could soon be the site of two 550,000-square-foot warehouses.

Carmel-based Round Room moving headquarters to former Roche building in Fishers

June 24, 2020 | Kurt Christian

Round Room, a holding company for wireless retailers, plans to relocate from Carmel to Fishers by early next year. The move to the 190,000-square-foot building will give the company room to grow.

Black chamber leader calls for more city support

June 19, 2020 | Samm Quinn

During the coronavirus pandemic—which research shows has disproportionately affected black-owned businesses—the 250-member organization has received no city funding to give loans or grants to its members who were struggling.

Deborah Hearn Smith: Let your voice and actions show your commitment

June 12, 2020 | Deborah Hearn Smith

We need to ensure that on every decision-making board and committee—public, private and not-for-profit—there is diversity. Consider whether each of these groups reflects the community, with no members who are tokens.

Canadian startup wants to be ready with Indy plant when drug hits market

May 26, 2020 | John Russell

Unlike many pharmaceutical startups, which often contract with outside manufacturers to make their drugs, Point Biopharma is spending $25 million to transform a building in Indianapolis where it hopes to handle its own manufacturing as soon as 2023.

Here are five contested legislative primaries to watch

May 22, 2020 | Lindsey Erdody

With 125 Indiana Statehouse races on ballots across the state this year, only 10 seats don’t have incumbents seeking re-election.

Massive $55M logistics project in works in Johnson County

May 21, 2020 | IBJ Staff

The Whiteland Town Council has scheduled a special meeting to consider a tax abatement related to the proposed development of 997,000-square-foot logistics building on 121 acres near Interstate 65.

City identifies first ‘inclusive’ incentives economic development deal

May 21, 2020 | Samm Quinn

The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.

Indy Parks board OKs lease for Broad Ripple Park development

May 20, 2020 | Mickey Shuey

The Indianapolis Parks Department has preliminarily agreed to pay nearly $1 million per year to lease space in a new family center planned for Broad Ripple Park.

Three tech firms plan expansions in Fishers that could add 223 jobs

April 15, 2020 | Kurt Christian

The city of Fishers announced Wednesday morning that Genezen Labs, U.Group and Highbridge intend to grow their operations in the city.

Proposed $15.3M affordable housing complex seeks tax break from city

April 14, 2020 | Mickey Shuey

The 159-unit apartment development would be located on a six-acre site along the White River, south of 16th Street. The proposed tax abatement from the city of Indianapolis would save the developers about $1.4 million.

Redevelopment report has grand vision for car-centric Castleton

March 13, 2020 | Mickey Shuey

The city of Indianapolis could spend nearly $93.5 million over several years on Castleton’s infrastructure, as part of a broad vision to remake the corridor with better connectivity and walkability.

Schafer Powder Coatings moving from Carmel to Whitestown

February 19, 2020 | Kurt Christian

The company, which pulled the plug on a smaller expansion last fall, was lured to Boone County by a bigger facility that will more than double its footprint.

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