Shares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based
Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
Insurer Conseco Inc. said Tuesday it plans a registered offering of common stock that will generate about $200 million in gross proceeds to the company.
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
The business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
Sometimes I agree with Morton Marcus’ opinions and sometimes I don’t, but I was incredulous when I read his
“Let’s help keep legislators in check” in the [Sept. 28] IBJ.
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
A proposal that would prevent smokers from lighting up in all indoor public places in Marion County is expected to meet fierce
resistance from bar owners who oppose a stricter smoking ban.
The home-grown retailer lately has sought to
supply cameras for government and law-enforcement entities as its once-reliable newspaper clientele scales back.
Carmel’s $137 million performing arts center is still a year from completion, but Executive Director Steven Libman
already is pounding the pavement for donations.
I sat in Beth-El Zedeck Temple for the funeral services of Melvin Simon. The various speakers spoke of Mel’s desire
to create a real estate empire and his desire to give back to the community.
An interim legislative committee is likely to recommend that new guidelines be established for Indiana lawmakers to follow
when they redraw legislative and congressional maps in 2011, a state senator said Tuesday.
