Real estate listings: May 21, 2024
The following construction projects and sale and lease deals were included in IBJ’s Real Estate Weekly newsletter on May 21, 2024.
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China clears Eli Lilly’s weight-loss drug, only for diabetes now
The pharmaceutical weight-loss market is predicted to reach at least $100 billion by 2030, according to Goldman Sachs.
Developer plans $16.4M hotel next to growing Crawfordsville business park
The 100-room hotel is planned for a parcel next to Crawfordsville Commerce Park, which got off to a slow start about two decades ago but recently has landed some major tenants.
Some communities struggle to get connected despite billions in broadband investment
In Indiana, 11.2% of residents lack access to modern broadband internet.
Actors Austin Butler, Jodie Comer to wave green flag at Indy 500
Austin Butler, known for his film portrayal of Elvis Presley, and “Killing Eve” star Jodie Comer will be Indianapolis 500 honorary starters.
Software firm Tenon to use $8M investment round to fund expansion
Indianapolis-based Tenon Software Inc. plans to use the new funding to grow its staff, accelerate product development and boost marketing.
U.S. says cyberattacks against water supplies are rising
The Environmental Protection Agency on Monday issued an alert urging water systems to take immediate actions to protect the nation’s drinking water.
Meijer plans to build 75,000-square-foot grocery store on east side of Fishers
Plans submitted to the city call for a medium-format Meijer Grocery and a gas station to be constructed on the north side of the roundabout at Cyntheanne Road and Southeastern Parkway.
Round-the-clock pickleball facility planned at former Marsh store in Fishers
Three local tech entrepreneurs are working with an Indianapolis-based developer to open a round-the-clock pickleball facility at the last undeveloped former Marsh Supermarkets store in Fishers.
FDIC Chair Martin Gruenberg says he will resign after hostile workplace claims
An independent investigation led by an outside law firm found rampant instances of abusive workplace conduct at the FDIC, including sexual harassment, stalking and inappropriate supervisor-subordinate relationships.
Calumet Specialty Products a step closer to tax break for HQ move to Stutz
The City-County Council’s Metropolitan and Economic Development Committee advanced a tax-abatement proposal Monday that would save Calumet about $129,440 over a four-year term. In return, Calumet has committed to retaining 190 jobs.
Drugmaker Novartis to expand nuclear medicine factory near airport, creating 55 jobs
Novartis Manufacturing LLC told a committee of the City-County Council on Monday evening that it plans to spend up to $125 million to construct and equip a 79,000-square-foot-building for radiopharmaceutical manufacturing and distribution on the city’s west side.
Clark overcomes injury, but Fever fall to Sun in close game before another sellout home crowd
The Fever showed progress, playing a tight contest against a team that blew them out by 21 points just six days ago, but Indiana remains winless after four games.
Butler University to start four-year nursing program in 2025
The Indiana Board of Nursing has accredited the university to accept 48 students a year, meaning the program will have nearly 200 students when it is fully enrolled across four years.
Hims debuts $199 weight-loss shots, takes aim at Lilly’s Zepbound
Hims can offer the prescription weight-loss drugs because U.S. regulators have rules that allow pharmacies to make copycat versions of drugs in shortage, a practice that’s known as “compounding.”
Pacers back in Eastern Conference Finals, and don’t tell them they can’t win playing fast
Indiana put up some of the best offensive numbers in NBA history during the regular season by pushing the tempo. The pace is rarely as quick in the playoffs, but don’t tell the Pacers that slow and steady is the only way to win this race.
Hall of Fame outfielder Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Ken Griffey Jr. will be the first former Major League Baseball player to drive the pace car.
Target says it plans to cut prices on thousands of basic items
Target is very cognizant of the spending pullback by shoppers amid high inflation. In March, it reported its first annual decline in sales in seven years.
Red Lobster files for Chapter 11 bankruptcy protection
After closing dozens of restaurants, including one in Indianapolis, the seafood chain has agreed to sell itself to its lenders―giving it a $100 million financing commitment to keep it afloat.
Indiana Hospital Association names interim president
Dye takes over for longtime leader Brian Tabor, who recently said he would be stepping down from his role with IHA. Tabor joined the association in 2008 and had been president since 2016.
