Insurance firm plans new HQ
McGowan Insurance Group plans to build a new 19,000-square-foot headquarters on a triangle-shaped property at 340 N. Capitol Ave. where an ealier proposal called for 30 condos and a bank….
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Big farmland auction planned
A farm auction scheduled near Frankfort is thought to be one of the largest in the state in the past couple of years. Schrader Real Estate and Auction Co. Inc. of Columbia City plans to auction 1,222 acres from the estate of Ron Unger, a farmer who started from scratch and built the operation to […]
McGowan Insurance building new headquarters
McGowan Insurance Group Inc. plans to spend $2.5 million to build its new headquarters at 340 N. Capitol Ave. As part of the expansion, McGowan will also add 13 jobs. The office building will occupy what is now vacant land east of Bourbon Street Distillery. McGowan announced the plan this morning. The 75-year-old insurance agency […]
Will JMV drive over to The Fan?
A couple things became clear from reader feedback I’ve been getting about a story I wrote regarding dueling sports/talk radio stations for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more…
Susan Bayh as a political liability
Barack Obama is expected to announce his vice presidential running mate any day now, and Evan Bayhâ??s name
is still thought to be on the short list.
The Indiana senator is viewed as a moderate who would counter Obamaâ??s liberal voting…
Colts fans let Lucas hear it
Lucas Oil Products Inc., and its owner Forrest Lucas, are taking a beating from IBJ readers after his request that Indianapolis Colts fans and local media not call the team’s new stadium “The Luke.” Lucas…
OFS Brands buys hotel furniture maker
Huntingburg office furniture manufacturer OFS Brands Inc. has acquired Loewenstein Inc., a maker of hotel furniture headquartered in Pompano Beach, Fla., for undisclosed terms. Family-owned OFS said the deal opens a seamless expansion into the hospitality market, and that OFS would protect the character of the Loewenstein brand and allow it to operate independently in […]
On the brink of IndyFringe 2008
IndyFringe 2008 launches this week with a kick-off party Thursday and performances beginning on Friday.
This year’s lineup includes 270 performances of 53 shows–including one-act plays, improvisational comedy, dance pieces, magic acts, confessional one-person shows and difficult-to-describe oddities.
As in the past, the shows aren’t…
Pharmakon moving to Carmel in expansion
Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]
Finish Master profit hurt by economy
One-time events caused Finish Master Inc. profit to rise to $5.3 million in the second quarter from $4.6 million a year earlier, the Indianapolis company reported yesterday. However, the improvement was driven by proceeds from a lawsuit settlement and a non-recurring charge from the second quarter of 2007. Not taking those one-time changes into consideration, […]
Would JMV drive over to The Fan?
Two things are clear from reader feedback I’ve been getting this week about two stories I wrote for this week’s print edition of the Indianapolis Business Journal. First, fans of WNDE-AM 1260 are much more vocal than those of WFNI-AM…
Lilly’s Byetta might be tied to swelling, deaths
Bad news for one of Lilly’s up-and-coming drugs. The Food and Drug Administration warned health professionals today that the diabetes drug Byetta might be linked to six cases of severe inflammation of the pancreas, or pancreatitis, according to MarketWatch. All six patients were hospitalized and two died. The FDA advised doctors to discontinue Byetta promptly […]
Indians get attention from ESPN
It just keeps getting better for the Indianapolis Indians this season. With attendance already on its way to eclipsing last season’s total of 586,785, the Tribe is getting a boost from two special…
Duke shuttering retail real estate unit
Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company’s retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile […]
UPDATE: Layoffs to hammer Delphi in Kokomo
Delphi Corp. said today that it will lay off 600 salaried employees in its Electronics & Safety Division as part of an effort to cut costs by 25 percent. It said the layoffs will fall heaviest on its Kokomo operations, where about 2,500 of the division’s 3,340 salaried employees are based. Though three out of […]
Billboard blight or billboard rights?
UPDATE: The Metropolitan Development Commission overturned the billboard approval, and the city now is looking into whether the existing sign is legal.
The city’s planning staff is challenging a Board of Zoning…
Appraisers’ role in the meltdown
Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent
years have privately pointed fingers at appraisers.
Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained,…
Indiana Farm Bureau sponsoring Colts facility
Officials of the Indianapolis Colts and Indiana Farm Bureau Insurance today announced that they have agreed to a multi-year deal to put the insurer’s name on the team’s 56th Street training complex. Terms were not released, but the Colts signed a similar deal in 2000 with Union Federal Bank that team sources said at the […]
Colts creativity rings cash register
The Indianapolis Colts sell sponsorships like Peyton Manning throws touchdown passes. A lot of the credit goes to the team’s former sales and marketing boss Ray Compton, who sold everything imaginable…
Overdosing on the Beatles?
In putting together this year’s IBJ A&E Season Preview (coming soon to your favorite business paper), I saw a mini-trend emerging.
It starts Aug. 28-29 with “Classical Mystery Tour,” a visit from a quartet of Liverpoolian-look-and-sing-alikes at Conner Prairie.
That same…