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BEHIND THE NEWS: Cautious streak helps Duke weather tumultuous times

Duke Realty Corp. has stayed largely out of the headlines this year, which in an economy like this is a pretty good sign. Another Indianapolis developer, Lauth Property Group, has shed more than half its 450-person work force, and Premier Properties Inc.- perhaps the city’s most daring developer-lurched into bankruptcy court. Meanwhile, Duke, which specializes in suburban office and industrial development, keeps on chugging. To be sure, the company isn’t immune to broader economic slowdown. In April, it laid off…

Mansion of former Conseco exec to be featured

Another mansion once owned by a Conseco Inc. executive will serve as the next year’s Decorators’ Show House. Donald and Patricia Gongaware’s French-style estate in Westfield will get an interior makeover from designers as part of the annual fund raiser staged by St. Margaret’s Hospital Guild. In 2006, the guild used the Carmel mansion formerly […]

Indiana Business Bank swings to loss

Several major expenses caused Indiana Business Bancorp to report a $163,465 loss in the second quarter, the Indianapolis-based parent of Indiana Business Bank reported today. The bank generated a $12,347 profit in the same period last year. Contributing to the loss was the addition of four employees and ratcheting up its provision for loan losses […]

Turning heads at the MotoGP

Thousands of bikers are expected to descend on the area over the weekend for the inaugural MotoGP at Indianapolis Motor Speedway.

The series is about as upscale as motorcycle racing gets, sort of like a two-wheeled version of Formula 1.

So, if…

MotoGP economic impact soaked

Rain is putting a damper on the economic forecast for the first MotoGP motorcycle race held at the Indianapolis Motor Speedway Sunday. The first motorcycle race at the Speedway in 99 years will…

RCA Dome to be deflated Sept. 24

Within just 45 minutes later this month, the RCA Dome will disappear from Indianapolis’ skyline, the Indiana Stadium and Convention Building Authority said today. The deflation, scheduled for Sept. 24, will be accomplished by turning off the fans that have kept the roof inflated since the dome was built in 1984. The Indianapolis Colts’ home, […]

United Way shoots for record, $40M goal

United Way of Central Indiana leaders announced this morning that they will attempt to raise a record $40 million in this year’s campaign. The target is nearly $1 million more than contributors gave in 2007 to help the 100-plus agencies in United Way’s six-county region. Early indicators show the campaign is off to a solid […]

Hospital puts name on Fort Wayne stadium

Parkview Health, a hospital system headquartered in Fort Wayne, has bought naming rights to the city’s new $30 million minor-league baseball stadium. Payments made under the 10-year, $3 million deal will be split between the city and team owner Hardball Capital, with the city planning to spend its share on stadium capital improvements. The not-for-profit […]

Don’t call her Danica

Ana Beatriz is not out to become the next Danica Patrick. But that doesn’t mean the Brazilian open-wheel racer—who took third in this year’s Indy Lights Series driving for Sam Schmidt Motorsports—isn’t bent…

Watch out, King David

A California chain called Jody Maroni’s Sausage Kingdom plans to open a new store in Circle Centre Mall. The restaurant calls itself “Home of the Haut Dog” and serves gourmet…

American Sentry assets scooped up for ‘steal’

An Indianapolis startup company has acquired the intellectual assets of American Sentry Guard for what the new owner described as a fire-sale price. Armando Perez, who owns Integrated Security Solutions, said he bought the assets at auction late last month for less than $250,000 – half the price the assets would have brought had different […]

IBJ Movie Night: ‘Pulp Fiction’

As part of its Flashback Feature series of Wednesday night classics, Circle Centre 9 will be screening “Pulp Fiction” on Sept. 24 at 8.

If you’d you’d like to take advantage of this rare chance to see it on the big screen, e-mail…

Man accused of stealing $120,000 from banks

A federal grand jury in Indianapolis has indicted Indianapolis resident James Moore, 27, accusing him of defrauding various banks out of $120,000. Moore obtained the money in cash payments after giving banks false information about the amount of money he had on deposit on various prepaid debit cards, U.S. Attorney Tim Morrison said in a […]

Scandal singes MBA entry exam

Not everyone who takes the Graduate Management Admission Test, which is required to get into business graduate
programs, is honest.

The organization that publishes the test, the Graduate Management Admission Council, disclosed yesterday that
it has tossed scores of 84…

Colts climb NFL valuation ladder

Lucas Oil Stadium has pushed the Indianapolis Colts into the upper echelon of the National Football League in terms of team value. The team jumped from 21st most valuable team last year to…

Arcadia starts pharmacy project

Nearly a year after Arcadia Resources Inc. moved its headquarters from Michigan to Indianapolis, the company has started work on an additional pharmacy operation nearby that is expected to employ 130 by the end of 2010. Arcadia, based at 9229 Delegates Row on the northeast side, said today it has finalized a lease on 7,000 […]

WellPoint may lose $214M on Fannie, Freddie

WellPoint Inc. expects to lose $214 million of its $243 million in investments in troubled housing lenders Fannie Mae and Freddie Mac, the Indianapolis-based health insurer disclosed yesterday. WellPoint said it would take a charge for the losses in the third quarter, but that the total figure is difficult to predict considering the volatility of […]

Mamet to actors: Stay out of school

With David Mamet’s latest play, “November,” opening this week at the Phoenix Theatre, I was interested in reading the acclaimed playwright’s latest words on his art.

What I found in his recent book “True and False: Heresy…

UIndy unveils new dorm

The University of Indianapolis plans to break ground on a new $9-million residence hall, the campus’ sixth, on Thursday. The four-story…

First Merchants to carve $8M from Lincoln

The Muncie bank that last week announced plans to buy Lincoln Bancorp anticipates slashing $8 million in expenses from the Plainfield institution. First Merchants Corp. disclosed the figure in a regulatory filing yesterday. The savings would amount to roughly one-third of the $25 million in expenses Lincoln reported last year. About 75 percent of the […]