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A Brooklyn-based real estate investment firm is spending $55 million to purchase a local apartment portfolio from one of the country’s largest owners of multi-family housing. Hampshire Properties LLC purchased six apartment communities from Denver-based Apartment Investment & Management Co., known as AIMCO. The sale totals more than 2,100 units, including the Westlake and Wind […]
Help wanted: pharmacists, engineers and nurses. Believe it or not, even some banks are hiring, at least for their technology teams. While the recession has claimed 4.4 million jobs, the economy has created others, many of them for highly trained and specialized professionals. More than 2 million jobs openings now exist across a range of […]
Eli Lilly and Co. has temporarily blocked Teva Pharmaceutical Industries Ltd. from selling a cheaper generic copy of Lilly’s osteoporosis drug Evista. U.S. District Judge Sarah Evans Barker issued a restraining order yesterday in Lilly’s hometown of Indianapolis, keeping raloxifene HCl tablets off the market for at least 10 days. The ruling kicked off the […]
Indiana was praised yesterday as a national leader in new methods of teaching and learning in high schools. The Cincinnati-based KnowledgeWorks Foundation joined Indiana Gov. Mitch Daniels in announcing that it is giving $10 million to the New Technology Foundation (New Tech), based in Napa, Calif. Both organizations promote so-called high-tech high schools. Lecture time […]
The city’s Capital Improvement Board approved cutting an additional $1.5 million from its annual budget today and may have moved a step closer toward funding its annual operating budget with an increase in hospitality taxes. Local sports teams have been reluctant or noncommittal about shouldering a bigger financial load, CIB officials said. As a result, […]
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year. The San Diego-based burger chain plans…
Eli Lilly and Co. asked a judge today to block Teva Pharmaceutical Industries Ltd. from selling a cheaper generic copy of Lilly’s osteoporosis drug Evista, Bloomberg News reported. Indianapolis-based Lilly made the request before U.S. District Judge Sarah Evans Barker, who didn’t make a ruling today, the first day of a patent-infringement trial between the […]
A new French Lick Airport terminal designed to serve a growing number of travelers to southern Indiana’s Springs Valley will be nearly five times the size of the current facility built more than 40 years ago. “It kind of had fallen on bad times and is not the image we like to project as we […]
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 […]
Indianapolis-based Allison Transmission Inc. has completed the first production-quality transmission that could be used in a new amphibious fighting vehicle for the U.S. Marine Corps – a development that could mean substantial work for the local manufacturer. “We’re getting closer to gaining a very, very large contract,” Allison spokesman Eric Dickerson said. Allison was scheduled […]
Emmis Communications Corp. says in a new regulatory filing that it hopes the job cuts and pay reductions announced last week will save it about $10 million a year. Emmis, which owns radio stations and publishes city magazines, eliminated 91 full-time employees and 14 part-timers. The cuts represented 7.5 percent of its work force. In […]
At least 19 homes were damaged in Lawrence County yesterday as strong storms hit parts of southern Indiana. In northern Indiana, a tornado touched down near Columbia City, destroying three trailers at a mobile home park and damaging about 20 others. Numerous injuries were reported, but none serious. More severe storms are expected tomorrow, with […]
The children of Leonard Bernstein have donated the contents of the famed composer’s Fairfield, Conn., studio to Indiana University’s Jacobs School of Music, the school announced today. Among the donations: a conducting stool from the Vienna Philharmonic that is said to have been used by Johannes Brahms, 39 Grammy-nomination plaques, Bernstein’s stand-up composing table, a […]
The Indianapolis Museum of Art has selected Sodexo Inc. to replace Wolfgang Puck as its restaurant operator and to share museum catering responsibilities with Kahn’s Catering in Carmel. The IMA’s announcement this morning culminates a six-month search following the museum’s decision in September to restructure its food-service operations. Based in Maryland, Sodexo employs 120,000 people […]
The Indianapolis Capital Improvement Board will meet at 2 p.m. today at the Indiana Convention Center to determine ways to address its $38 million budget deficit. Last Thursday, the board’s finance committee proposed a 13-percent decrease in area arts and cultural tourism grants. The board also is considering an increase to hospitality taxes.
Indianapolis-based Allison Transmission Inc. has completed the first production-quality transmission that could be used in a new amphibious fighting vehicle for the U.S. Marine Corps – a development that could mean substantial work for the local manufacturer. “We’re getting closer to gaining a very, very large contract,” Allison spokesman Eric Dickerson said. Allison was scheduled […]
The Franklin Township school board will meet tonight to decide the future of a bus driver facing drunken-driving charges. Philip Leslie is accused of driving two of his routes while intoxicated. Police arrested Leslie last week after he registered a blood-alcohol content nearly three times the legal limit.
The children of Leonard Bernstein have donated the contents of the famed composer’s Fairfield, Conn., studio to Indiana University’s Jacobs School of Music, the school announced today. Among the donations: a conducting stool from the Vienna Philharmonic that is said to have been used by Johannes Brahms, 39 Grammy-nomination plaques, Bernstein’s stand-up composing table, a […]
Emmis Communications Corp. says in a new regulatory filing that it hopes the job cuts and pay reductions announced last week will save it about $10 million a year. Emmis, which owns radio stations and publishes city magazines, eliminated 91 full-time employees and 14 part-timers. The cuts represented 7.5 percent of its work force. In […]
Despite the downturned economy, the long-view shows the motorsports sector is growing in Indiana. Studies compiled by the Indiana Motorsports Association and IUPUI indicate there’s been a 37 percent growth in the number…
