Real Estate Weekly: Oct. 8, 2024
| Mickey Shuey and Mason King
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Oct. 8, 2024.
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States sue TikTok, claiming its platform is addictive, harms mental health of children
At the heart of each lawsuit is the TikTok algorithm, which powers what users see on the platform by populating the app’s main “For You” feed with content tailored to people’s interests.
Central Indiana’s largest office park secures new loan, additional investment
More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.
Indiana Sports Corp. names organizing committee for 2026 Final Four
The local organizing committee will be co-chaired by the city’s deputy mayor of neighborhood engagement and a publisher who previously served as the state’s secretary of commerce.
IndyCar partners with Cowboys, Rangers for street race in Texas
IndyCar will return to Texas in 2026 with a street race in Arlington in a joint venture between the Dallas Cowboys and the official events partner of the Texas Rangers.
Carmel City Council nixes proposal to set 20 mph speed limit at roundabouts
The council’s Finance, Utilities and Rules Committee said installing raised crosswalks and rapid flashing beacons, where necessary, would be more effective than setting a speed limit.
McDonald’s lawsuit accuses beef suppliers of price fixing
The fast-food chain alleges the suppliers coordinated to fix, raise, stabilize, or maintain the price of beef at “supracompetitive levels.”
Hogsett administration’s 2025 budget passes, but without bipartisan support
Three Democrats joined all six City-County Council Republicans in voting against the $1.65 billion budget plan.
NCAA’s $2.78B settlement with colleges over athlete payments gets preliminary approval
U.S. District Judge Claudia Wilken released an order setting a timeline for a deal that would put millions of dollars into the pockets of college athletes.
Judge orders Google to open Android app store to competition
The court-mandated overhaul is meant to prevent Google from walling off competition in the Android app market.
Eskenazi Health lands $10M gift from Lilly Endowment for internships to college students with physical disabilities
The gift will fund operations at Gregory S. Fehribach Center at Eskenazi Health for the next five years and also create an endowment for future funding.
Swiss Miss collaboration expands Hotel Tango’s ’Shmallow brand
Swiss Miss ’Shmallow, a collaboration between hot cocoa brand Swiss Miss and Hotel Tango Distillery, will be in stores through December. Hotel Tango views the collaboration with the international brand as a “huge opportunity.”
Hurricane Milton reaches Category 5 strength on approach to Florida
Landfall now looks to be Wednesday afternoon or evening, and the storm—despite some weakening—is anticipated to remain a major hurricane with winds around 120 mph when it strikes the state’s west coast.
Indiana attorney general candidates spar over ad allegations
Democrat attorney general candidate Destiny Wells went on the attack in advertisements launched last week, prompting rebuke from GOP incumbent Todd Rokita.
IBJ Podcast: Indy’s ‘A Couple Cooks’ on becoming internet famous, publishing new cookbook
From the kitchen in their home south of Broad Ripple, Sonja and Alex Overhiser have created, tested and posted more than 3,000 recipes to their 14-year-old food-influencer website, which receives millions of pageviews per month.
Carmel physician wins $2M from Ascension for breach of contract, interference
The jury deliberated for about three hours before returning a verdict in favor of Dr. Timothy Story, ending a lawsuit that lasted for about 3-1/2 years.
Democratic group pumps $600K into Indiana governor race
The Democratic Governors Association is spending more on the campaign of nominee Jennifer McCormick after a survey it funded showed a closer-than-expected race for Indiana governor.
Stellantis sues UAW to stop strike over stalled plant investment
In a lawsuit, the automaker accused the UAW of planning to violate a 2023 collective bargaining agreement by way of “impermissible” mid-contract strikes.
Blood specialists in demand as caseloads grow
In response, an Indianapolis medical practice is trying to train more early-career physicians in the field of hematology to reverse the trend of dwindling numbers of physicians entering the field.
Gary Alexander: How $700M was stolen from Indiana’s neediest
The political revolving door between state government and the health care industry is a major problem.