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Another high-profile local developer is making a move to capitalize on the city’s hottest retail corridor, joining mall giant
Simon Property Group Inc. and upstart Premier Properties USA Inc. Kite Realty Group Trust paid $18.3 million for Rivers Edge
shopping center, a 111,000-square-foot property just east of Clearwater Crossing.
For more than a half-century, we have built complex statistical models to attempt to explain why regions enjoy different levels of prosperity. Virtually every conceivable variable-from ethno-linguistic similarity indexes to existing natural resources to government structures-have been tried, with the models proving enormously successful. One critical insight in this extensive body of research is that human capital-the quality of a labor force-yields the strongest explanation for differences in prosperity. When we apply these models to the United States, the importance…
N e i g h b o r h o o d activists in Pittsburgh are fighting a development that would bring a grocery store, job training center, youth programs and other social services to the area of the Pittsburgh Penguins’ $290 million arena. The Pittsburgh group was planning a march in protest. Is retail and commercial development next to a sports arena a bad idea? A Cambridge, Mass., neighborhood group was opposed to the development of three townhomes, arguing…
Today-not tomorrow or next week, but now-is the moment to get involved in improving your life and the lives of your family and neighbors. Don’t delay. All you need do is both of two simple things. First, find out who is running in the primary election on May 6 for the Indiana House of Representatives and Senate from your district. Yes, the national news media have told us that our Indiana primary may be meaningless. They are referring to the…
The situation at Indiana University is so bad, several former athletes and big-time donors are calling for Athletic Director Rick Greenspan’s termination. Some think financial support to the school will be hurt if the situation regarding the men’s basketball program…
Forbes Publisher Rich Karlgaard thinks business journalists are stirring up recession talk.
In a column this week with a takeout headlined â??Business press incompetence and fear,â?? Karlgaard advises against
believing everything one reads.
Hereâ??s what he writes:
â??Want to know the truth about…
“All of us have a healthy respect for the freedom of artistic expression that college theater represents, and all of us agree that out of respect for the families of those victims of the tragedies at Northern Illinois University and…
On this nasty Friday, I’ve got a few updates on previous posts. Hope everyone has a nice weekend. Here goes:
What was Flagstar thinking?
Flagstar Bank has added yet…
UnitedHealthcare has signed a three-year contract with the Indiana Orthopaedic Hospital, bringing the specialty hospital into UnitedHealthcare’s central Indiana network of health care providers. The contract, announced today, took effect on Feb. 1. It gives the orthopedic hospital “in-network” status, which typically means bigger discounts for UnitedHealthcare customers. OrthoIndy, a group of more 60 orthopedic […]
Kroger Co., the grocery chain headquartered in Cincinnati, said today it is starting a “television network” that will pipe video into employee break rooms and possibly other locations. The video will tout everything from Indiana Gov. Mitch Daniels’ InShape Indiana health program to communications with food bank personnel. Production of the videos for the central […]
Indiana University men’s basketball players are threatening to boycott the remainder of the season if coach Kelvin Sampson is forced out, CBS Sports reported this morning. CBS says players made the threat during a heated meeting last night with Athletic Director Rick Greenspan. For more, go to The Score, IBJ’s sports blog.
CBS Sports this morning is reporting that Indiana University men’s basketball players are threatening to boycott the remainder of the season if coach Kelvin Sampson is forced out. Quoting unidentified sources, CBS Sports reported that players and IU Athletic Director…
Officials of Johnson Memorial Hospital in Franklin are refusing to disclose some terms of the contract with its new CEO, Larry Heydon. Neither Heydon nor trustees of the 149-bed hospital, which is owned by Johnson County, will discuss the length of the contract and any severance package Heydon might have been offered, among other details, […]
Offers to buy Steak n Shake were too low, the Indianapolis-based restaurant chain said late yesterday, and as a result the company will focus on a turnaround plan of improving existing stores. Steak n Shake didn’t disclose the number of offers or their values. A sale was among several plans considered by a special committee […]
Purdue University’s colleges of engineering and technology each will receive $1.1 million in planned gifts from 1976 engineering graduate Rick Kosdrosky and his wife, Cheryl. The donations, announced today, are unrestricted, which means the colleges will be able to use them as they wish. The pledges will be paid when the couple dies. Both Rick […]
The parent company of Circle Centre Mall anchor Carson Pirie Scott has joined a growing list of retailers struggling to stay afloat after disappointing fourth-quarter sales. About half…
The 200-plus workers EDS plans to add at Purdue Research Park will be housed in 45,000 square feet of a new, 78,000-square-foot office building. Called Innovation Center, the building will open in early 2009, the university said as part of this afternoon’s announcement. Many of the new positions will be software engineers and business analysts. […]
Indianapolis Colts tight end Dallas Clark is getting a raise. A big one. Two years ago, Clark was making $650,000. With the six-year contract Clark inked yesterday, he now figures to make $6 million plus per year. That doesn’t approach…
The Service Employees International Union, which has organized janitors in Cincinnati, Columbus, Ohio, and now Indianapolis, begins negotiations today on behalf of 1,500 local janitors after years of contentious organizing efforts. Companies participating in the Indianapolis negotiations are ABM Industries Inc. of San Francisco; Group Services France of Paris; Mitch Murch’s Maintenance Management Co. of […]
Hotel giant White Lodging Services said today it will expand its headquarters in the northwestern Indiana town of Merrillville and add 100 jobs within four years. Two buildings on the town’s southwest side will be renovated at a cost of $4 million. The project will result in 60,000 square feet of space, according to the […]
