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The long-vacant Eastgate Consumer Mall is getting a new tenant: Lifeline Data Centers. City officials are planning an 11 a.m. announcement today detailing an expansion for the locally based data-storage and Web-hosting company. Two people familiar with the announcement confirmed that Lifeline plans to reuse all or part of the 370,000-square-foot mall, which was built […]
Troubles in the residential mortgage market have ensnared local mall giant Simon Property Group Inc. Simon said today it plans a fourth-quarter write-off of $26 million, the entire value of its equity investment in a master-planned community proposed for a suburb of Phoenix. The loss is expected to reduce the company’s diluted net income by […]
Bob Bedell, president of the Indianapolis Convention & Visitors Association, announced today that he will step down at the end of June. “There is no good time, but this is the right time [to leave],” Bedell said, adding that he’s accomplished his goals of growing the association to handle a promised increase in business. “ICVA […]
A bank in Wabash has changed its name rather than go on battling confusion over seven other banks in the state operating with First Federal as part of their names – three of them within 50 miles. First Federal Savings Bank will be called Crossroads Bank when the new year begins, according to The Journal […]
Subaru of America Inc. has opted for the remainder of a Boone County warehouse it began leasing in January, the developers said yesterday. The Japanese automaker has taken 281,880 additional square feet to bring its total occupancy to 501,120 square feet, according to Indianapolis-based Browning Investments and ProLogis, a Denver-based logistics company. The warehouse is the […]
Carmel-based eGix Inc. has agreed to be acquired by Cincinnati Bell Inc. in a deal valued at $18 million, Cincinnati Bell announced today. eGix provides single-source voice and data services, plus high-speed Internet access and messaging products to about 17,000 customers, mainly in Indiana and Illinois, plus another 20 states. It has 57 employees and […]
Indiana is racking up auto assembly jobs at a time the nation as a whole is losing them, an Indiana Department of Workforce Development study shows. Employment in the industry shot up 53.1 percent, to 12,400, from 1997 to 2006, the study found. The jump doesn’t include continued gains this year or the 2,000 workers […]
Eli Lilly and Co. CEO Sidney Taurel says the company will continue reducing its work force – even through some job cuts – as the entire pharmaceutical industry tries to retool for a future without the kinds of mega-blockbusters that sustained it for decades. “We’re going to continue, year after year, with great intensity, to […]
The venerable Mini Marathon has a challenger.
As IBJ reporter Anthony Schoettle reports today, two sponsors have signed on to a half-marathon scheduled
just two weeks after the Mini, which is sold out.Race…
Community Health Network and Comcast Cable have signed on to sponsor a half-marathon scheduled for May and marketed as an alternative to those shut out of the popular Indianapolis 500 Festival Mini Marathon. The Mini, which is held May 3, is sold out with 35,000 entrants. Event organizers also are challenging those registered for the […]
Indianapolis-based YourEncore has launched new services designed to help life sciences companies plan for and obtain regulatory approval for new products. To run its regulatory services, YourEncore hired Carol Crowley, a 25-year veteran of the drug and device industry. Prior to joining YourEncore, Crowley was vice president of global regulatory operations for France-based Aventis SA, […]
Midland Arts & Antiques Market plans to open a 12,000-square-foot location in Carmel off of 126th Street between Meridian Street and Keystone Avenue. Midland’s flagship store occupies an historic former door factory and…
Autoline Industries Inc., an Indian parts supplier to car, recreational vehicle and tractor manufacturers, has acquired the North American jack and tool-kit business of Dura Automotive Systems Inc. of Rochester Hills, Mich. The sole location where the Dura unit makes the jacks and tools is in the northeastern Indiana town of Butler. The 140 employees […]
The president of Elanco Animal Health, a subsidiary of Eli Lilly and Co., will leave to become a special adviser on corporate development to the Indiana State Department of Agriculture, Lilly announced today. Pat James had led Lilly’s animal health division since 2001 and worked at Lilly since 1978. He will be replaced Jan. 1 […]
A study put out yesterday by the Center on Philanthropy at Indiana University says that about two in three
American households made donations in each of the three years it followed.
The center also found that slightly more than half of…
White River State Park has selected Indianapolis-based Borshoff Inc. to handle its public relations and marketing for the next two years. The contract is for a minimum of $382,000, including a $312,000 advertising budget from the Imax Theater and $70,000 in dollars pooled from all the park’s venues. The co-op pool may increase its funding […]
Indiana will experience rising wages along with low inflation and unemployment in 2008 as the economy improves from a sluggish 2007, two Ball State University economists predicted yesterday in the university’s annual forecast. Michael Hicks, whose column about the economy appears in IBJ, and Gary Santoni said high oil prices and worries concerning the subprime […]
Chicago-based Union Tank Car is laying off 100 of its 472 production workers, according to the Post-Tribune of Merrillville. The layoffs will be split between its plants in East Chicago and Sheldon, Texas. The manufacturer said the market weakened after the ethanol boom prompted a surge in production of cars to carry the fuel. As […]
A study put out yesterday by the Center on Philanthropy at Indiana University says that about two in three
American households made donations in each of the three years it followed.
The center also found that slightly more than half of…
Kansas-based restaurant chain Houlihan’s has inked deals for new diners at Castleton Square Mall and Hamilton Town Center and hopes to open two other restaurants in Plainfield and Greenwood. The chain also has…
