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U.S. consumers boosted spending in April as inflation surged

May 28, 2021 | Associated Press

The April gain was led by a 1.1% rise in spending on services, the sector that covers airline travel, hotels and restaurants—areas that were devastated by the pandemic-caused shutdowns a year ago.

2021 Forty Under 40: Kate Maxwell

May 28, 2021 | Marc D. Allan

Kate Maxwell is the chief technology officer for worldwide defense and intelligence at Microsoft, where she helps national-security customers modernize their processes, tools and operations through technology.

The new American status symbol: A backyard that’s basically a fancy living room

May 27, 2021 | The Washington Post

Outdoor spaces are many things these days but rustic is not one of them. Neither is natural. For many well-to-do Americans and those who aspire to join their ranks, the backyard has become the ultimate family room, a place to be decorated and tamed, a receptacle for stylish stuff, while nature is held at bay.

U.S. jobless claims fall to 406,000, a new pandemic low

May 27, 2021 | Associated Press

The latest numbers show Hoosiers filed 6,352 initial unemployment claims during the week ended May 22, a drop of 605 from the previous week.

What are Americans making for dinner? Reservations.

May 20, 2021 | The Washington Post

With nearly half of all Americans at least partially vaccinated and 100% of Americans tired of their own cooking, restaurant traffic is rocketing back.

Garage Food Hall adds to tenant roster, plans room for more

May 18, 2021 | Susan Orr

The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.

Restaurants eating up federal COVID relief

May 14, 2021 | Susan Orr

As the pandemic subsides, local eateries are hopeful that a new coronavirus relief program, the Restaurant Revitalization Fund, will help them emerge intact.

Retail sales were flat in April as stimulus spending waned

May 14, 2021 | Associated Press

The report on Friday suggests Americans were heading out last month to eat instead of shop.

What travelers need to know about the gas shortage

May 14, 2021 | The Washington Post

According to crowdsourced data from the gas-station-finder app GasBuddy, fuel shortages were reported in 14 states as of Thursday afternoon.

U.S. unemployment claims drop to 473,000, a new pandemic low

May 13, 2021 | Associated Press

The number of weekly jobless claims—a rough measure of the pace of layoffs—has fallen significantly from a peak of 900,000 in January.

Style and Formatting

May 12, 2021

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Real Estate Weekly: News notes, 05/11/21

May 11, 2021

These news notes appeared in IBJ’s Real Estate Weekly on May 11, 2021.

Historic downtown building with steakhouse space, luxury condo on market for $4.95M

May 11, 2021 | Mickey Shuey

Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.

Developer planning $13.5M senior housing project in Speedway

May 11, 2021 | Mickey Shuey

The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.

Explainer: Did U.S. hiring slow in April because of a ‘labor shortage’?

May 9, 2021 | Associated Press

To nearly everyone’s surprise, employers in April added a comparatively paltry 266,000 jobs, down drastically from a gain of 770,000 in March, which itself was revised down from an initially much higher figure of 916,000.

Q&A with Jeff Smallwood, blazing a new trail one mile at a time

May 7, 2021 | Anthony Schoettle

The Avon resident has been on a decades-long quest to blaze a paved path from downtown Indianapolis to Montezuma, a trail that is slowly taking shape.

U.S. employers added just 266K jobs in April as hiring slowed

May 7, 2021 | Associated Press

Most economists expect job growth to strengthen as more vaccinations are administered and trillions in government aid spreads through the economy.

Former travel insurance employee gets 47-month federal sentence for fraud

May 6, 2021 | IBJ Staff

A McCordsville man has been sentenced to nearly four years in federal prison after using multiple—and often elaborate—fraud schemes to steal more than $750,000 from his Carmel-based employer.

U.S. wages, benefits jump as economy reopens

April 30, 2021 | Associated Press

The figures suggest that as the economy rapidly reopens, businesses are already providing higher pay and benefits to pull workers back into the job market.

$28.6B federal relief program for restaurants launches this week

April 28, 2021 | Susan Orr

The Restaurant Revitalization Fund will provide up to $10 million per recipient to qualifying restaurants, bars, food trucks, caterers, and other eligible recipients based on their pandemic-related revenue losses.

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