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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.

Gas stations running dry after pipeline hack

May 11, 2021 | The Washington Post

From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in.

Victoria’s Secret to be spun off a year after sale collapsed

May 11, 2021 | Associated Press

Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.

White House to work with states on reimposing work-search requirements

May 11, 2021 | The Washington Post

States waived their work requirements for unemployment benefits at the start of the pandemic, but about 30 of them have reimposed or are planning to reimpose them. Gov. Eric Holcomb announced Friday that Indiana would do the same.

Simon joint venture to buy 300-store Eddie Bauer

May 10, 2021 | IBJ Staff

The outdoor gear and apparel retailer is slated to join a growing stable of high-profile retail brands owned by Indianapolis-based Simon Property Group and its partner.

Simon Breaking

Indy council ratifies COVID orders after Legislature nullifies them with veto override

May 10, 2021 | Leslie Bonilla Muñiz

The Democratic-majority council’s vote—which passed 19-5 along party lines—keeps a citywide mask mandate and restaurant capacity limits in place in Indianapolis.

Indy council approves $100k for immigrant legal aid fund

May 10, 2021 | Leslie Bonilla Muñiz

Republicans, who voted against the measure, argued the money would be better spent elsewhere, such as on mental health services.

Simon raises financial outlook for 2021 after solid first quarter

May 10, 2021 | Susan Orr

The Indianapolis-based mall operator said it’s seeing good early results from J.C. Penney, which Simon and a group of co-investors purchased out of bankruptcy in December.

Legislature overrides Holcomb’s veto of bill that weakens some local COVID restrictions

May 10, 2021 | John Russell

The GOP-dominated Legislature again defied Republican Gov. Eric Holcomb on Monday, overriding his veto of a bill that will undo some local health restrictions in Indianapolis and some other cities amid the COVID-19 pandemic.

After cyberattack, pipeline operator promises return by week’s end

May 10, 2021 | Associated Press

The attack underscored the vulnerabilities of the nation’s energy sector and other critical industries whose infrastructure is largely privately owned.

Amazon blocked 10 billion listings in counterfeit crackdown

May 10, 2021 | Associated Press

The e-commerce giant said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.

Treasury to start paying out $350B in state, local aid

May 10, 2021 | Associated Press

The funding could provide a jolt of growth after the unemployment rate ticked up slightly to 6.1% in April, a sign of how difficult it can be to restart an economy despite an unprecedented degree of federal assistance.

Fired Cathedral teacher’s suit against archdiocese over same-sex marriage dismissed

May 10, 2021 | Marilyn Odendahl / The Indiana Lawyer

The one-page order dismissed the wrongful termination lawsuit filed by a gay teacher against the Archdiocese of Indianapolis.

Punch Bowl Social to reopen downtown location next week

May 10, 2021 | Susan Orr

The 23,000-square-foot restaurant-and-entertainment venue, part of a Denver-based chain, has been closed since March 2020, eliminating 91 jobs.

State reports more than 600 new cases of COVID-19, 1 death

May 10, 2021 | IBJ Staff

The state said more than 2.14 million Hoosiers had been fully vaccinated against COVID-19.

Symphony on the Prairie is set to return with initial limits on capacity

May 10, 2021 | IBJ Staff

After canceling last season due the pandemic, the Indianapolis Symphony Orchestra and Conner Prairie announced Monday that the 2021 season of the popular outdoor concert series will begin June 25 with “Revolution: The Music of the Beatles.”

Lilly to start bringing back downtown employees June 1, requiring vaccinations at first

May 10, 2021 | Mickey Shuey and John Russell

The company plans to open its campus to all employees by July 12. The move comes as more companies continue to slowly reopen offices and navigate tricky territory with vaccinations.

Southwest adding nonstop Florida flights to Miami, Panama City Beach

May 10, 2021 | Susan Orr

The news of the new flights comes as the airline industry sees a rebound in passenger traffic from the pandemic, which decimated air travel last year.

Steak n Shake preps for self-service transformation

May 10, 2021 | Greg Andrews

The Indianapolis-based chain, which previously announced plans to convert from table service service, now says it will cut costs further through “advanced self-service”

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