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Indianapolis-based Simon Property Group is positioned to weather a looming downturn in values of shopping malls, according to The New York Times. The real estate investment trust, the nation’s largest owner of shopping malls, is concentrated in choice regional malls whose values are expected to hold up in the face of deteriorating credit markets, the […]
As Gov. Mitch Daniels travels to Japan this week in search of job commitments, he can take some comfort that, if the state fails to pull out of its static employment status, there’s always Michigan to point to. Not much is going well for Indiana’s northern neighbor. At a time most states are piling in […]
Houses in Indiana increased the least of any state in the nation between 2000 and July 2006, new U.S. Census Bureau data shows. Indiana houses increased a meager 11 percent after adjusting for inflation, according to The Journal Gazette of Fort Wayne. The median house value stands at $120,700. Only 25 Indiana counties and eight […]
Mayor Bart Peterson and OneAmerica executives cut the ribbon on the renovated Gibson Building this morning. Work on the 1916 building (originally a car manufacturing facility) began in April 2006 and cost…
A group that protested the proposed Illiana Expressway in northwest Indiana has taken sides with landowners who oppose a sprawling intermodal facility planned for LaPorte County. Citizens Against the Privatized Illiana Tollroad is helping Stop Intermodal Save Our County-also to prevent development of farmland, according to the Times of Munster. State and local negotiators are […]
A New York City company that makes consumer products will build a production plant in the east-central Indiana town of Cambridge City, according to the Richmond Palladium-Item. An announcement is scheduled Sept. 25. The project will cost “tens of millions of dollars,” said Jim Dinkle, president of the Economic Development Corp. of Wayne County. The […]
Following up on a few old posts:
No Canterbury Sale Yet. Canterbury Hotel owner Donald Fortunato said he’s getting close to a sale of the 12-story hotel, but the deal is not done….
Two sites in the U.S. and one international site are finalists for a new Rolls-Royce plant, according to The State of Columbia, S.C. One domestic site is in Greenville, S.C., the newspaper reported, quoting Greenville County Council Vice Chairwoman Judy Gilstrap. Gilstrap would not identify the other sites. Rolls-Royce spokeswoman Mia Walton would not comment […]
Don’t be alarmed to see workers removing the massive OneAmerica sign from atop the 38-story OneAmerica Tower in the next few days. The company plans to replace the sign with one…
The opening in early August of Four Winds Casino Resort just across the state line in New Buffalo, Mich., had only a small impact on the five casinos operating in northwest Indiana. Total revenue at the five casinos increased by $1 million in August from July 2006, to $10.49 million, according to the Post-Tribune of […]
If Aprimo Inc.’s $50 million initial public offering plan is successful, the local marketing software-maker should increase its ability to compete against its largest rival. But a longtime Aprimo analyst said going public also would intensify the firm’s short-term pressure to perform. The rival, Waltham, Mass.-based marketing software-maker Unica Corp., staged an IPO in August […]
Macy’s Inc., which has three Indianapolis department stores, is still fighting a stubborn public relations battle in Chicago, where it bought Marshall Field’s two years ago and renamed the local legend Macy’s. More than 100 people marched yesterday to ask people living in Chicago to boycott the department store until Macy’s changes the name back […]
A proposed ban on new truck stops at Greenwood’s two Interstate 65 interchanges has gained unanimous support from the city council. The council also might ban additional gas stations and convenience stores, according to the Daily Journal of Franklin. A lengthy list of businesses, including dog kennels and boat dealers, already is banned by the […]
A group led by an aggressive, 29-year-old investor from Texas has boosted its stake in the struggling Steak n Shake Co. from 5.8 percent to 6.7 percent, according to a regulatory filing. Sardar Biglari, who runs San Antonio-based Lion Fund, began acquiring Steak n Shake shares this spring. Biglari and affiliates-including Western Sizzlin Corp., the […]
Indianapolis-based Finish Line Inc. has hired Moelis Advisers as a non-exclusive financial and capital markets adviser, the shoe and clothing retailer announced this morning. Moelis is a division of New York-based Mercanti Securities LLC, which is a unit of Los Angeles-headquartered Mercanti Group. In its statement, Finish Line didn’t discuss why it had hired Moelis. […]
Aprimo Inc., the north-side developer of marketing software, said in a Securities and Exchange Commission filing this morning that it plans to raise up to $50 million in an initial public offering. The company would be listed on NASDAQ under the ticker MKTG. Aprimo said the price and number of shares have not been determined. […]
The odds are long, but Jaron Garrett isn’t giving up on an ambitious plan to replace several blighted buildings along Washington Street with a twisting glass-and-steel apartment tower. The 25-story project…
The expected announcement that Indianapolis-based Clarian Health Partners will build a hospital near Muncie is raising anticipation about improved health care services as well as fears that the competition could hurt local hospitals, according to The Star-Press. Last week, the president of the town council of nearby Yorktown said Clarian plans to develop a 100-acre […]
When the Indianapolis Museum of Art landed the U.S. premiere of a 184-piece exhibit of Roman art from the Louvre, its staff knew the time had come to think big. “This show is considered a blockbuster,” said Daniel Incandela, director of new media at IMA. “I knew we should develop some blockbuster content ideas.” So he and his colleagues pitched their grand plan to museum leaders: They would travel to Rome and Paris to develop an 11-part series of digital…
This week, more thoughts on the Fringe and its attendees. It took me a while to figure out why the audiences at this year’s IndyFringe festival were so friendly. I don’t mean friendly as in walking up to you, shaking your hand, and asking how your family’s doing. I mean friendly in the sense that they seemed to warmly welcome whatever was being presented on stage. Don’t get me wrong: They didn’t love everything they saw or feel obligated to…
