Condo building nears completion
Workers are putting finishing touches on the exterior of a new 17-unit condo building dubbed 707 East North on the eastern edge of downtown. The $20 million…
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Opie art dancing on Mass Ave.
IBJ reporter Jennifer Whitson takes over the blog today with news on new downtown artwork. Take it away, Jennifer:
First came the Tom Otterness public art exhibit in 2005. The roly-poly brass sculptures captured some hearts, including those beating in some…
New WTHR general manager: No budget cuts
WTHR-TV Channel 13’s new General Manager Jim Tellus promises to continue outspending the market’s other local stations when it comes to news gathering and hopes to help the station retain its title as the No. 1 local TV news channel. With WISH-TV Channel 8 coming up in the ratings, new anchors making their mark at […]
NE Indiana aluminum firm to expand
Columbia City-based 80/20 Inc., which makes modular aluminum framing for industry, plans to spend $5 million to expand its manufacturing and distribution center and add at least 40 jobs by 2010. Machining and manufacturing technology will be upgraded as part of the project. 80/20 Inc. employs 210 workers in its design, manufacturing and distribution center […]
Permanent Opie piece coming to downtown
Good news for fans of Julian Opie’s pop-art-inspired exhibit that ended a year-long run on city streets in September-Indianapolis is getting a permanent piece by the London artist to add to its growing public art collection. The work created for Indianapolis is called “Ann Dancing.” It’s reminiscent of the four-sided LCD display dubbed “Sara Dancing” […]
Funeral operator slapped with criminal charges
The Marion County Prosecutor’s Office filed criminal charges today relating
to the status of trust funds set aside to pay funeral expenses and cemetery maintenance for a string of Indiana cemeteries.
BREAKING: GE to close Bloomington plant
The General Electric Co. said today that it will close its massive refrigerator plant in Bloomington by the end of 2009, displacing about 900 employees. The company said the Bloomington operation lost about $45 million last year, thanks to declining side-by-side refrigerator sales and rising material and labor costs. “Despite continued investment by the company […]
BREAKING: GE to close Bloomington plant
The General Electric Co. said today that it will close its massive refrigerator plant in Bloomington by the end of 2009, displacing about 900 employees. The company said the Bloomington operation lost about $45 million last year, thanks to declining side-by-side refrigerator sales and rising material and labor costs. “Despite continued investment by the company […]
Lafayette Square owners to add entertainment
The new owners of Lafayette Square Mall plan to add entertainment on weekends as part of their efforts to revitalize the property, the mall said today. New York-based Ashkenazy Acquisition, which closed the deal early this month, has set about filling the empty space. But it also wants to rejuvenate the property to make it […]
Interactive Intelligence shares hit skids
Just when Interactive Intelligence Inc. was enjoying an extended run up in its stock price, more than half its value has been lost in the past few weeks. Shares in the Indianapolis-based software firm have fallen to $13, down from $28 in late December. The stock had undergone a sustained recovery after the technology bust […]
Dixon promoted to president at Community
Community Hospitals of Indiana Inc. has named Mark Dixon president. Dixon had served as Community’s chief operating officer since 2003. Community spokeswoman Lynda de Widt said Dixon is not replacing another executive, but she would not elaborate. The Community system includes campuses on east, north and south sides of Indianapolis as well as Community Home […]
Former Colt wants to rehab Anderson housing
Former Indianapolis Colts tight end Ken Dilger, in a plan pitched yesterday to Anderson city officials, said he aims to buy and revitalize foreclosed houses, and then sell them to low- and moderate-income buyers. The Spencer County native, who played seven seasons with the Colts, owns Legends Title, a title insurance company, and Dilger Financial […]
Has housing hit bottom?
F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year.
Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable.
Tucker President Jim Litten points out that the region still…
New Albany firm to develop Cabela’s site
Property near the Cabela’s outdoor store under construction in Greenwood will be developed with a cinema, grocery store, restaurants and other shops. Lopp Properties, a developer based in the southern Indiana city of New Albany, signed a contract recently for rights to build on the 100-acre property, according to the Daily Journal of Franklin. The […]
Honda boasts of flexibility at Greensburg plant
The new car assembly plant Honda Manufacturing of Indiana is building at Greensburg might make more than the Civic compact. In an interview this week with the trade publication Automotive News, a Honda official said the plant initially will make Civics. That will allow the company’s East Liberty, Ohio, plant to boost production of its […]
Building’s new look takes shape
Tenants have begun moving into the former Zipper Building, now known as The Broadbent Building. Occupants will include real estate firm Broadbent Co. and Brazilian Steakhouse Fogo de Chão. What do you think of the new look?
Great shakes at Butler
“I just pass on the enthusiasm and make it about them.”
That’s what Roger Rees, one of the world’s most acclaimed Shakespearian actors (and perhaps familiar to you for his stints on “Cheers” and “The West Wing”) modestly told me when…
Inventory of unsold houses boomed in 2007
Inventories of unsold houses exploded last year, according to figures compiled by an Indianapolis real estate brokerage. A 13-county area anchored by Indianapolis overflowed with nearly a year’s worth of inventory, Landrigan & Co. Realtors said today. At the rate of absorption underway in December, the inventory existing as of the end of the year […]
Midwest growth still sluggish, Fed says
The Midwestern economy continued a pattern of slow growth in December and early January, the Federal Reserve Bank said today in its Beige Book report. Businesses made few changes to their spending plans and consumer spending was mixed, the report said. Home construction continued to decline and nonresidential construction began to slow. A modest expansion […]