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Simon Property Group Inc. plans to hoard cash this year to purchase property that may come on the market, said David Simon, CEO of the Indianapolis-based mall owner. Simon made the comments this morning at a Citigroup 2009 Global Property CEO Conference in Naples, Fla., Bloomberg News reported. “We are going to hoard and warehouse […]
Carmel Mayor Jim Brainard defended himself yesterday in a meeting with council members about the costs of the Keystone Avenue project. The state originally provided $90 million for the construction of multiple roundabouts on Keystone. The cost has increased to $130 million. Brainard says the initial cost was an estimate, but some council members say […]
Fort Wayne Foundry Corp. plans to close its production plant in Fort Wayne in June, eliminating 157 hourly positions. The company said today that it also would conduct a “mass layoff” in June at its Fort Wayne machining division, which had about 150 employees in mid-2007. The company did not say how many jobs would […]
A new Web site will allow people to track how the federal economic stimulus package is affecting Indiana. The invest.in.gov Web site includes some basic information about the stimulus money, such as how much cash will come to Indiana for roads and which projects have already been selected. The site also includes a message from […]
Indianapolis-based Marsh Supermarkets Inc. said today it plans to open its first new store in almost a year. Marsh will open a Hometown Market store in the Chapel Hill neighborhood of Indianapolis in late spring. The store, at 7405 W. 10th St., will take over the site of a former O’Malia Food Market that was […]
Decatur-based Porter Inc. has laid off another 62 workers, the latest round of cost-cutting for the troubled boat manufacturer. The northeast Indiana company has laid off 225 workers in the last 90 days. And since 2007, the company has reduced its work force from a peak of 600 employees to about 130, plant manager Pat […]
A little girl missing for more than 15 hours has been found. Indianapolis Police located 8-year-old Annalexass Van Duyn today just after 8 a.m. She disappeared yesterday at 5:15 p.m after leaving for a friend’s house in the 3700 block of Gladstone Avenue, a block-and-a-half away from her home. She was found in another person’s […]
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market, IBJ’s Chip Cutter reports…
Fort Wayne Foundry Corp. plans to close its production plant in Fort Wayne in June, eliminating 157 hourly positions. The company said today that it also would conduct a “mass layoff” in June at its Fort Wayne machining division, which had about 150 employees in mid-2007. The company, however, did not say how many jobs […]
Simon Property Group Inc. plans to hoard cash this year to purchase property that may come on the market, said David Simon, CEO of the Indianapolis-based mall owner. Simon made the comments this morning at a Citigroup 2009 Global Property CEO Conference in Naples, Fla., Bloomberg News reported. “We are going to hoard and warehouse […]
Simon & Schuster has commissioned a book about the first Indianapolis 500. The book publishing company hired former Sports Illustrated executive editor Charles Leerhsen to write the story of the 1911 race, and…
Sixty-nine employees will lose their jobs when Sears Holdings Corp. closes its second store in the Indianapolis area this year, the company confirmed today. The Sears Essential location in Noblesville will close May 31. About 110 employees lost their jobs in January after the struggling retailer vacated its store at Lafayette Square Mall. Locally, Sears […]
Indianapolis-based Marsh Supermarkets Inc. said today it plans to open its first new store in almost a year. Marsh will open a Hometown Market store in the Chapel Hill neighborhood of Indianapolis in late spring. The store, at 7405 W. 10th St., will take over the site of a former O’Malia Food Market that […]
More bars in the state are allowing minors â?? people under age 21 â?? with the proviso that parents are there,
too. State law also stipulates a barrier separating bars and family dining areas.
Supporters of the trend say…
An iconic pie-shaped building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market. Larry Browning of Shelbyville-based Evergreen Investment Corp. purchased the historic three-story Argyle on Mass Ave building at the corner of East Street and Massachusetts Avenue for $3.2 million. He plans to spend […]
The struggling economy is sending more people to libraries to check out books and DVDs for free and avoid costly rentals or purchases, library officials say. Last year, the number of items checked out at the Kokomo-Howard County Public Library rose 6 percent, boosting its annual borrowing to more than 1.1 million items for the […]
A central Indiana county is demanding that Chrysler LLC return $5.5 million in county-issued bonds and repay at least $4.5 million it set aside for a sprawling transmission plant that a Chrysler supplier stopped building last year. Tipton County’s commissioners said yesterday in a statement prepared by an Indianapolis law firm that Chrysler sent them […]
Famed Bloomington watering hole Nick’s English Hut has been opening its doors to the under-21 crowd for more than a year. And it has the state’s blessing to do so. Indiana has relaxed its alcohol laws in recent years to permit more bar/restaurants – once off limits to those under 21 – to open their […]
An interesting piece in the LA Times asks a range of high-profile folks (including, at the extremes, Bill Maher and Ann Coulter) what they would do if they ran the NEA.
Some interesting thoughts (Warning: If you click on the story,…
Investors’ despair about financial companies and the recession sent the Dow Jones industrial average to another unwanted milestone today: its first drop below 7,000 in more than 11 years. The Dow fell 4.2 percent in today’s trading, dropping 299 points to close at 6,763.29. The Dow’s descent has been swift. It’s taken only 14 sessions […]
