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Gary Linder, an Indianapolis retail real estate pioneer, died suddenly yesterday. Linder, 56, founded The Linder Co. in 1982, developing it from a one-man real estate brokerage into a 40-person operation with offices in three states. He sold the company, now known as Sitehawk Retail Real Estate, three years ago. “He was a real student […]
Sidney Taurel, who is retiring at the end of March after nearly a decade as CEO of Indianapolis-based Eli Lilly and Co., will see his salary cut in half while he remains chairman through the end of 2008. His base salary will be $864,250, with a $1.2 million non-stock bonus. The bonus figure is a […]
Decades ago, when Indianapolis was an industrial center, the economies of the city and the state tended to
march in unison. When manufacturing cut back, pretty much everyone felt it.
But the Indianapolis area and the state have been growing apart…
A couple of restaurant updates: The owners of downtown’s Scholar’s Inn, Lyle & Kerry Feigenbaum, plan to close the restaurant on Jan. 1 for a month-long remodeling project. They plan to…
Gregg Bechtold, who has been president and CEO of Johnson Memorial Hospital since 1992, will leave the post Dec. 31 after arriving at an agreement with hospital directors Dec. 19. “He and the board reached agreement to end his employment here,” said hospital spokesman Bill Oakes. Oakes offered no details on the separation. In a […]
By Norm Heikens Cabinet and furniture makers are experiencing their most harrowing times since the Rust Belt recessions of the early 1980s as homebuilders cut back in the wake of the subprime credit crunch. John Land, chief financial officer of Cole Hardwood Inc. in Logansport, said his company has tried to counter the slump by […]
Exceptions carved into the energy bill signed yesterday by President Bush probably spared the recreational vehicle industry from a sales slide. The effort to improve fuel economy does not apply to chassis that carry RVs or vehicles that tow RVs. The exceptions have the industry breathing a sigh of relief, according to The Truth in […]
Last Friday, after catching the musical “Assassins” at Hedback Theatre, I barely made it to the new Meridian Bar and Restaurant in time for a late dinner.
What I want to talk about now, though, isn’t the show (that review will…
A 600,000-square-foot warehouse and distribution facility could go up in Shelbyville if a request to annex and rezone about 124 acres near the city southeast of Indianapolis is approved, according to The Shelbyville News. Hoosier Property Holdings LLC of Cincinnati brought the proposal before the Shelbyville Common Council on Dec. 17. The site is near […]
The newly redesigned, 1,000-room J.W. Marriott convention hotel won’t be open when the Final Four comes to town in April 2010, as originally planned. But it will available by April 2011, a delay caused by negotiations over design details, said Mike Wells, president of locally based REI Real Estate Services, which is developing the project […]
Plans for a 1,000-room JW Marriott convention hotel now envision a taller building, with a whole new look and a larger pricetag. The hotel would be 34 stories, up from 29, and the project would cost $425 million, up from…
Plans for a 1,000-room JW Marriott convention hotel now envision a taller building, with a whole new look and a larger price tag. The hotel would be 34 stories, up from 29, and the entire project – which includes three other hotels – would cost $425 million, up from $350 million. The redesigned facade will […]
Towne Air Freight LLC plans to offer about 200 of its truck drivers the chance to own their own rigs as the South Bend trucking firm follows an industry trend of outsourcing to contractors. At its Indianapolis terminal, 6430 Airway Drive near Indianapolis International Airport, about 35 drivers will receive the offer, said Jerry Scott, […]
Indiana Sports Corp. has asked the city to reduce the portion of Pan Am Plaza included in a covenant that restricts development. If approved, the updated covenant would cover only 10,000 square feet,…
Cory Schouten First Indiana Corp. shareholders today approved the local bank’s sale to Milwaukee-based Marshall & Ilsley Corp., a deal First Indiana directors OK’d in July. The $529 million merger is expected to close in January. At the meeting at First Indiana Plaza, First Indiana patriarch Bob McKinney and his daughter, Marni, who chairs the […]
Martin University has named Algeania Freeman to replace its founding president, Boniface Hardin, who is retiring. The school, the state’s only predominately African-American institution, made the announcement this morning. Freeman, 58, founded The Freeman Group Inc., a contractual consulting company. She also served as president of Livingstone College in Salisbury, N.C., from 2001 to 2004. […]
WellPoint Inc. will appoint John Langenus as senior vice president and president and CEO of its Anthem National Accounts division on Feb. 25, the company announced today. The division serves nearly 11 million customers. Langenus comes to WellPoint from Bethesda, Md.-based Coventry Healthcare, where he served as president of group health care for more than […]
A few weeks back in my IBJ Daily A&E e-mail blast (you can subscribe for free here: http://www.ibj.com/2k6_2/forms/regform_nh.asp), I wrote about a recent presentation of a LaScala opera on screen at the Rave movie theater at Metropolis.
Last night, at…
The novel Arts Industry Business Incubator opened Dec. 12 in the Brown County seat of Nashville after years of discussion. The incubator, which is intended to help launch and grow arts-oriented businesses, can share space, clerical support and other needs of small businesses, according to the Brown County Democrat. It is supported by the Brown […]
Intelliplex, the state-certified technology park in Shelbyville that has drawn fire locally and caution from the state, has received a commitment from Shelby County commissioners for $125,000 in funding per year for 25 years. The action was taken Monday night as part of a series of decisions on how to spend economic development income taxes, […]
