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Mounting commercial real estate losses threaten banks, recovery

November 12, 2020 | The Washington Post

Office space, the largest single slice of the commercial real estate sector, already is seeing rents fall as vacancies rise. Property values eventually could plummet 20% to 35%, according to a recent Barclays report. Hotels and retail properties have been hit even harder.

Future of business travel unclear as virus upends work life

November 11, 2020 | Associated Press

Work travel represented 21% of the $8.9 trillion spent on global travel and tourism in 2019, according to the World Travel and Tourism Council. How much of that business will return after the pandemic is uncertain.

New study reveals venues that are high-risk areas for spreading coronavirus

November 10, 2020 | The Washington Post

Restaurants, gyms and coffee shops rank high among locations where the coronavirus is most likely to spread outside the home. That’s according to a newly published report, based on data from millions of Americans, tracked by their phones.

Drury drops plans to recast former Caribbean Cove property, will sell land

November 10, 2020 | Mickey Shuey

The now-vacant land quietly went up for sale in July. It’s now under contract along with Drury Hotels’ Pear Tree Inn at 9320 N. Michigan Road

Much at stake as Supreme Court weighs future of Obamacare

November 9, 2020 | Associated Press

What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues.

State Board of Accounts finds noncompliance in Westfield’s Bullpen contracts

November 9, 2020 | Kurt Christian

A state-level review of Westfield’s 2018 finances found city officials failed to comply with state laws and guidelines when they entered into an informal agreement with Bullpen Tournaments.

Hotels’ vacancy woes cause debt headaches

November 6, 2020 | Mickey Shuey

With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.

Here’s what meetings and conventions could look like in the near future—and beyond

November 6, 2020 | Marc D. Allan

Liability waivers, temperature checks, social distancing. They’re in the foreseeable future for groups that want to meet in person.

Election updates: Kirchhofer loses reelection; Qaddoura declared winner

November 5, 2020 | IBJ Staff

Bookmark this link to keep up with election results. IBJ’s team will have the latest in this story that is outside the paywall.

TRAVELING: A guide to traveling safely for the holidays

October 29, 2020 | The Washington Post

While travel numbers are slowly recovering from coronavirus lows—Transportation Security Administration records show that the number of people flying is climbing daily, although the rate is still below half of what it was in 2019—many Americans remain unsure about their holiday travel plans.

Massive snacks convention picks Indy over sweet home Chicago for 2021 expo

October 28, 2020 | Mickey Shuey

The Sweets & Snacks Expo is expected to attract more than 13,000 attendees and generate an economic impact of $10.2 million.

Bottleworks Hotel nearly complete, to open in December

October 28, 2020 | Mickey Shuey

Work on the ritzy Mass Ave hotel has continued throughout the pandemic, despite delays to other projects around the city. The Bottleworks campus food hall is slated to open in January.

2020 Women of Influence: Kim Dodson

October 28, 2020 | Tom Harton

Dodson is most proud of legislation passed in the early 2000s to help people diagnosed with autism and genetic metabolic diseases and to expand home and community services for The Arc’s clientele.

Restaurant supplier planning new warehouse downtown along Senate Avenue

October 27, 2020 | Mickey Shuey

Zesco Restaurant Supply needs to replace a nearby warehouse that will be demolished as part of IU Health’s massive expansion of its Methodist Hospital campus in coming years.

Barrett ads tied to interest groups funded by unnamed donors

October 26, 2020

Overall, the Judicial Crisis Network, which was founded in 2005 to promote President George W. Bush’s nominees, said it would spend at least $10 million to support Barrett’s confirmation—roughly the same amount it spent to successfully advocate for Trump’s prior picks for the high court, Justices Neil Gorsuch and Brett Kavanaugh.

Memory Bank: A Hoosier runs for president in 1940

October 23, 2020

Native Hoosier Wendell Willkie lost a fight against FDR’s Tennessee Valley Authority, which he called a monopoly, but gained the attention of Republicans, who nominated him to run for president against FDR in 1940, despite never having held public office.

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