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During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs. That assertion is puzzling to local market observers, who say the mall giant has quietly dropped dozens of employees […]
This week, three ambitious shows-a new musical at Beef & Boards, magic realism at the Phoenix and a lesser-known classic at IU Opera. Beef & Boards has a history of doing the Tried & True. And there’s a very good reason for that. As a for-profit theater-a rarity-it relies on audiences and little else to […]
Tony Bennett, Indiana’s new superintendent of public instruction, speaks like a coach in the locker room at halftime. During an interview with IBJ, he got up from his chair, went to the man-size white board a few paces from his desk, and vigorously drew arrows and Venn diagrams to drive home his points. Just 100 […]
Layoffs could put Simon in violation of HQ incentive agreement. Noblesville put up big bucks to spur Hamilton Town Center development. It’s hard to imagine Indianapolis without the Simon family. The mall owner Simon Property Group Inc. is one of the city’s most prominent corporate citizens, the company-developed Circle Centre mall acts as downtown’s heart, […]
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession. The firm started 2008 with about 450 employees but after several rounds of layoffs, it now […]
To its 19th century founders, the town of Fairland must have appeared poised to become a booming metropolis. The Cincinnati-St. Louis rail line ran diagonally through the center of town, laid out in a perfect rectangle. And, title researcher Rick Daily was amused to find, the original maps show street rights-of-way that are 66 feet […]
Indiana exports eked out a gain in 2008 despite the imploding world economy-rising 2 percent to $26.5 billion, according to preliminary data from the U.S. Department of Commerce. All things considered, “exports held up pretty well last year. The last 60 days of the year is really the first time we saw deterioration on the […]
Most of the 150 men and women who sit in the Indiana General Assembly are fine people. This column, however, is too short to detail how they become a collective disgrace. They continue to vote along strict party lines. Virtually every Democrat and Republican is in lock step with the caucus leadership. Even their Web […]
He’s called The Peanut King, but these days Richard Green, president of the Indianapolis-based Richard Green Co., offers a lot more than just goobers. His company, founded in 1957, is a mini-conglomerate of sorts, selling pretty much anything necessary for work in the food-concessions business. From a nondescript cluster of buildings on South Meridian Street, […]
This week, three ambitious shows-a new musical at Beef & Boards, magic realism at the Phoenix and a lesser-known classic at IU Opera. Beef & Boards has a history of doing the Tried & True. And there’s a very good reason for that. As a for-profit theater-a rarity-it relies on audiences and little else to […]
City officials want to raise money by selling sponsorships, advertising and possibly even naming-rights deals for city-owned properties as they attempt to chip away at a projected $23 million deficit in the municipal budget. Mayor Greg Ballard is reaching out to ad agencies and marketing firms to help direct the effort. He wants to strike […]
Certainly, a season-ending victory over a last-place team isn’t all that much to shout about. Neither is a 36-46 record and a third straight year on the outside looking in at the NBA playoffs. That said, the Indiana Pacers-who closed their campaign April 15 with a stirring come-from-behind win over the Milwaukee Bucks-left me wanting […]
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives. Simon Property Group Inc. built central Indiana’s newest mall, Hamilton Town Center, along a major thoroughfare in one of the state’s most appealing spots for retail. Yet both Simon and Noblesville officials say the $126 million project would not […]
Helio Castroneves will be on the track this weekend in Long Beach, Calif. Penske officials had a contingency plan in place to put him on the track—even as far back as two weeks…
The Nature Conservancy broke ground Thursday for its new Indiana headquarters. The organization still needs to raise most of the $4.4 million cost of the building, but…
