Real Estate Weekly: News notes, 04/13/21
These news notes appeared in IBJ’s Real Estate Weekly on April 13, 2021.
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Family-owned Turkish, Mediterranean eatery identifies Indy as best place to grow
The family behind Usta Turkish and Mediterranean Restaurant, slated to open in Broad Ripple by the end of the month, scouted several options for moving once it was forced to close its location in Bloomington, Illinois.
UPDATE: State pauses use of J&J vaccine, switches to Moderna shot at mass vaccination clinic
Dr. Lindsay Weaver, chief medical officer for the state health department, said it was too early to say how long the pause would last, and whether it would cause a shortage or disruption in vaccines across Indiana.
Charter school buys former Tindley buildings on east side for $5M
The Indianapolis-based GEO Foundation will make one building the new home of its Next Generation High School and lease the other to elementary charter school Indy STEAM.
U.S. recommends ‘pause’ for J&J vaccine over clot reports
The CDC and FDA said Tuesday they were investigating clots in six women that occurred 6 to 13 days after vaccination.
California beverage company to build $103M facility in Columbus
Ninth Avenue Foods is a family-owned company that specializes in extended shelf-life dairy and diary alternative products. Its 260,000-square-foot facility in Columbus will be the company’s first expansion outside its home state and is expected to hire 111 workers by 2025.
Work on five-story downtown mural for Indy cycling legend to start next month
A mural honoring Indianapolis native Marshall “Major” Taylor, the first Black world champion cyclist, will begin going up in mid-May on a downtown building a block from Monument Circle, the Arts Council of Indianapolis said Monday.
Westfield Council votes to involve itself in legal fight between mayor, clerk-treasurer
Westfield Mayor Andy Cook has filed two separate lawsuits against Clerk-Treasurer Cindy Gossard since the beginning of the year, and the city’s council is interested in finding out just how much public money is funding the ongoing legal battle.
U.S. budget deficit jumps to record $1.7 trillion
The deficit has been driven higher by trillions of dollars in support Congress has passed in successive economic rescue packages since the pandemic struck in early March 2020.
Microsoft buying speech recognition firm Nuance in $16B deal
The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools.
U.S. colleges divided over requiring student vaccinations
U.S. colleges hoping for a return to normalcy next fall are weighing how far they should go in urging students to get the COVID-19 vaccine, including whether they should—or legally can—require it.
IU medical school to move, expand Family Medicine Center as part of campus consolidation
The center, which is home to one of the medical school’s largest programs, will move from its current location at Senate Avenue and 15th Street to the IUPUI campus.
White House gives Indiana C- in state-by-state infrastructure report
The Biden White House is amplifying the push for its $2.3 trillion infrastructure package with the release of state-by-state breakdowns that show the dire shape of roads, bridges, the power grid and housing affordability.
Indiana reports 908 new COVID-19 cases, rise in hospitalizations
The state said more than 1.41 million Hoosiers had been fully vaccinated against COVID-19 as of Monday. More than 1.97 million had received the first dose of a two-dose vaccination.
Supply of available Indy-area homes plummets in March while sale prices rise
With the dramatic decrease in available listings, the median price for homes sold in the 16-county area in March rose 8.4%, to $226,500, compared with $208,865 in March 2020.
Cummins among companies at White House chips-shortage summit
President Joe Biden’s top economic and national security advisers are hosting more than a dozen CEOs on Monday to discuss the administration’s $2.25 trillion infrastructure plan and the global semiconductor shortage, according to a White House official.
Steak n Shake’s lenders say restaurant chain still owes millions
The Indianapolis-based company has declared itself debt-free, but the lenders say they’re owed more than $8.5 million.
IBJ Podcast: A pediatrician on kids, COVID, variants and vaccines
Thousands of Hoosier adults are receiving COVID vaccines every day in Indiana. But none of the shots are available to kids younger than 16.
Duke Energy division planning $180M Indiana solar farm
The project, which would be on built on leased land and span 1,500 acres, including 896 acres in Vigo County and 604 acres in Sullivan County. It would be located on a reclaimed coal strip mine currently being used for crops.
More than 100 execs hold call to discuss halting donations, investments to fight voting bills
Leaders from dozens of companies including Delta, American, United, Starbucks, Target, LinkedIn, Levi Strauss and Boston Consulting Group, along with Atlanta Falcons team owner Arthur Blank, were included on the call, according to people who listened.