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Louisiana-based Cross Road Centers, a third-party logistics provider, plans to spend about $6.7 million to open a distribution center near Indianapolis International Airport and hire 30 workers by 2011. The 600,000-square-foot warehouse will be in an existing Duke Realty Corp. building in the AirWest Industrial Park. Cross Road Centers expects to open the facility by […]
Indiana University announced that it received a record $525.3 million in grants and awards for research and other programs in the 2007-08 fiscal year. The amount was an increase of 21 percent over the prior year. IU said $263.4 million came from federal sources, also a record. It was the first time any school in […]
First off, an update on the new plans for the Grain Dealers building: London Witte Group has hired locally based Lynn Hines Design Associates to…
Carlos Sastre’s Tour de France victory was cemented in Paris July 27, but the wheels that carried him to victory were made in Speedway.
While Zipp Speed Weaponry has been providing high-end bicycle wheels…
“Premier cannot independenty verify that the human remains you are viewing are not those of persons who were incarcerated in Chinese prisons…”
So say the presenters of “Bodies…the Exhibition,” the controversial show–featuring cadavers, body parts, and organs–being presented here at Claypool…
By Erik Stegemiller Special to IBJ Hoosier Orchid Co., a far-northwest-side company that grew to become one of the nation’s most specialized orchid growers, is going out of business at the end of August. Founder William Rhodehamel said the ornamental flowers have become a commodity now stocked even at stores like Costco. “It used to […]
City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns…
Only one other area of the country saw its unemployment rate jump faster in June than the Elkhart and Goshen region in northern Indiana, the U.S. Bureau of Labor Statistics reported today. Elkhart’s rate shot up 2.8 percentage points, to 7 percent, from June last year. That rise tied with identical increases in Cape Coral-Fort […]
As fans of the late Milton Friedman gather at the Conrad Hotel tomorrow night to celebrate the libertarian
economist, theyâ??ll have plenty to crow about.
Ironically, though, Friedmanâ??s ideas about turning education over to market forces have failed to gain much…
At 2 p.m. today, IRL officials are expected to unveil their 2009 schedule. Motorsports sources tell IBJ there will be 18 races next year (10 ovals and eight road courses), with the Nashville…
By Norm Heikens The Finish Line Inc. plans to add 180 employees over five years in an expansion of its warehouse and headquarters on the far-east side, the Indiana Economic Development Corp. announced today. Finish Line, a mall retailer specializing in athletic shoes and clothing, has 670 employees in Indianapolis and 13,000 nationally. The state […]
By Norm Heikens Republic Airways Holdings, the Indianapolis-based parent of Chautauqua Airlines, Republic Airlines and Shuttle America, said yesterday it will accelerate its schedule to do away with a small, 37-seat jet used to carry passengers for Delta Air Lines. The 11 remaining Embraer E135 aircraft will be removed from service by Sept. 30 instead […]
Only one local Linens ‘n Things Inc. store will close as a result of the company’s Chapter 11 bankruptcy restructuring, parent Linens Holdings Co. announced yesterday. The store slate for closing is in Avon. Linen ‘n Things also has locations in Castleton, the far south side of Indianapolis and in Noblesville. The Clifton, N.J.-based company […]
Crawfords Bakery & Deli is closing its retail bakery at 16th Street and Capital Avenue across from Methodist Hospital. The local company, established in 1981, will continue operating a 25,000-square-foot wholesale…
Duke Realty Corp. said today it has acquired a warehouse in Savannah, Ga., bringing its leased warehouse space in the port community to 5.3 million square feet. The purchase of the 176,000-square-foot warehouse was disclosed today as Duke announced second-quarter investment activity. The Indianapolis-based real estate investment trust said it logged $232.5 million in new […]
Gas prices have been up for quite a while now, so are buyers of the H2 Hummer, the king of sport-utility
vehicles, pulling back?
Not as much as one might think, says Corey Lockhart, Hummer general manager at Lockhart Hummer in…
By Scott Olson Acquisitions and favorable exchange rates helped propel Franklin Electric Co. to a record second quarter. The Bluffton manufacturer of water and fuel pumps today reported profit of $15.3 million, compared to $6.6 million in the same period last year. Revenue shot to a second-quarter record of $201.7 million, up 32 percent. About […]
Investors drove down the price of Interactive Intelligence Inc. stock this morning after the Indianapolis software developer reported late yesterday that second-quarter profit plunged to $845,000 from $2.4 million a year earlier. The shares traded at $8.03, down 8.2 percent. Interactive Intelligence also reported revenue hitting a second-quarter record of $30.6 million. The company added […]
The Richmond City Council declined to vote last night on a 1-percent food and beverage tax that would have funded construction of a conference center. Mayor Sally Hutton asked councilors to table the vote in order to give supporters more time to collect and present details to councilors, according to The Palladium-Item of Richmond. Several […]
Max Anderson at the Indianapolis Museum of Art has finally gotten his wish–a dominant piece of art in the IMA’s Pulliam Great Hall (that’s the open area you enter as soon as you go through the sliding doors at the…
