Real estate startup hopes to raise millions in stock offering
A group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets in a so-called "blind pool" stock offering.
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Simon lands $4.6B loan to fund offer for London mall owner
Simon Property Group Inc. has secured a 3 billion pound loan that will give the company the resources to bid for London-based Capital Shopping Centres Group Plc.
Lender takes action on Renaissance Bay project
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.
State awards $70M contract for Interstate 69 project
Indiana Department of Transportation spokeswoman Cher Goodwin says that with the new contract, the state has so far awarded eight contracts for building about 45 miles of the new $3 billion, 142-mile highway between Indianapolis and Evansville.
Indiana prisons chief heading to Florida
Florida Gov.-elect Rick Scott, who takes office on Jan. 4, on Tuesday named Indiana corrections chief Ed Buss to run Florida’s massive prison system.
Indiana-based mutual funds stage comeback
Funds ride resurgent market after taking a beating in the financial crisis.
Mayoral contender Kennedy to leave day job
Democratic mayoral candidate Melina Kennedy will leave her attorney job at law firm Baker and Daniels on Friday to begin campaigning full-time next month.
Emmis pitching in on breach-of-contract lawsuit
Emmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan’s JS Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
State GOP leaders weigh banning required union dues
Bills filed in the Indiana House would ban workers from being required to pay union dues.
Woman hospitalized after stabbing
A woman was stabbed four times in an east-side Indianapolis home early Tuesday morning by a man she fought with earlier in a bar, police say. She was taken to Wishard Hospital to be treated for her injuries. According to police, the victim was threatened by a 24-year-old man named Aaron at the Blind Pig tavern and restaurant in Greenwood. Later, about 3:15 a.m., the suspect showed up at the victim’s home, broke down her door and attacked her while she was in bed with her mother and a young child. The suspect left the scene in a green Cadillac Escalade.
Apartment blaze considered suspicious
An apartment blaze that started early Tuesday is being considered suspicious by Indianapolis Fire Department investigators. The fire started about 4:15 a.m. at The Orleans apartment complex at 255 N. Shortridge Road on the east side. No one was hurt, but the fire did $10,000 in damage.
Gas prices climb again
Prices at Indianapolis-area gas stations are up again, hitting an average of $3.17 a gallon for regular unleaded, according to Indygasprices.com, with a high of $3.20 and a low of $2.89. Prices in Indianapolis averaged $2.60 a gallon a year ago, according to Gasbuddy.com.
Post office issuing Indianapolis 500 anniversary stamp
Ray Harroun, winner of the 1911 Indianapolis 500, will be featured on a U.S. postage stamp this year to commemorate 100 years of racing at the famed Brickyard.
Water employee: Veolia falsified records to get bonuses
Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.
Hoosier Park parent set to emerge from bankruptcy
Hoosier Park Racing & Casino’s parent company could emerge from bankruptcy early next year if creditors approve a reorganization plan that’s set for a court hearing in Delaware on Feb. 1.
Many big companies are hiring, just not in the United States
American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S.
Baby boomers near 65 with retirements in jeopardy
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.
Rolls-Royce scores $49M military contract
Rolls-Royce Corp.’s Indianapolis operation is finishing the year out the way it started—racking up lucrative military deals.
Santa feeling stays with shoppers after Christmas
People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever.
Art museum closing design-centered gift shop
The Indianapolis Museum of Art will close its design-centered gift shop next year to make way for a display about the Miller house and gardens in Columbus, Ind.