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REITs use stock sales to grow after paying debt

U.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends.

Report: Indiana infrastructure needs billions in work

The report by the Indiana section of the American Society of Civil Engineers gave Indiana a D+ in its first report card on the state’s infrastructure. That’s slightly better than the D grade given nationally.

INDOT lays off 30 employees in budget move

Gov. Mitch Daniels said the layoffs were “one of the very, very few involuntary reductions” that Indiana government has had to make to cut spending.

Indiana child care agencies protest cost of new rules

An effort to shift some foster care costs to the federal government would throw up more red tape and make it harder for caretakers and providers to get services for troubled children, a coalition of child care agencies said Friday.

Call-center firm plans 600 hires in Lafayette

Alorica Inc., headquartered in Chino, Calif., said it will begin hiring customer service representatives, supervisors and other personnel starting next week—fulfilling a pledge it made more than a year ago.

A-list nonsense

In absurd annual contest, PR and marketing trumps actual achievement.

IUPUI fires hoops coach

IUPUI officials on Thursday fired women’s basketball coach Shann Hart, after 11 former  players accused her of forcing them to play in an atmosphere of fear and humiliation. Twenty-eight players have quit Hart’s program in the past four seasons. The coach will continue to be paid through the remainder of her contract, about $300,000.
 

Water main break clogs traffic

Indianapolis commuters driving north of downtown may have encountered some traffic problems Friday morning after a water main broke on 30th Street between Central Avenue and Ruckle Street. Crews began working on the pipe at 9:30 p.m. Thursday. Crews said repairs should be finished by evening rush hour.
 

Family escapes house fire

Two people suffered minor injuries in a blaze that destroyed a firefighter’s home in Greenfield Friday morning. A mother and her two teenage children jumped 15 feet out the window to escape the fire with the help of Greenfield police officer Josh Mullins. The mother and Mullins suffered minor injuries. The family’s father is a firefighter and was on duty at the time of the 2 a.m. fire. Arson investigators do not believe the fire was intentionally set.

Columbus hospital suing FEMA for $17.1 million

Federal lawsuit, which stems from June 2008 flood that caused $167 million in damages and business income losses, alleges FEMA failed to pay the full amount the hospital is owed in federal funding.

‘Creative class’ debunked?

The Wall Street Journal carried an interesting op-ed piece yesterday by a researcher who claimed cities are putting their eggs in the wrong basket by trying to attract young single professionals with a “brew-latte-and-they-will-come-approach.”

Joel Kotkin, presidential fellow at Chapman University,…

Reopening set for Moscow covered bridge

Organizers are planning a weekend ceremony to dedicate a rebuilt covered bridge in central Indiana that was destroyed by a tornado more than two years ago.