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Autobase Inc. has inked a partnership with tech heavyweight Microsoft Corp. that might fuel growth for the Indianapolis-based
marketing-software maker. The deal will allow Autobase to piggyback its software on Microsoft’s as the Seattle company launches
products aimed at auto dealers.
Downtown developments soon will come under extra scrutiny, once new design guidelines are approved in the spring. Known as Urban Design Indianapolis, the process of developing the criteria fell on the shoulders of several groups: the Department of Metropolitan Development, Historic Landmarks Foundation of Indiana, Ball State University’s architectural school and the Urban Design Oversight Committee. The intent is not to mandate to developers that their buildings meet certain design standards, but rather that the cosmetics coalesce with the existing…
The coming week will bring intense action in both the House of Representatives and the Senate as the chambers complete committee deliberations on bills in their respective chambers of origin. As of this writing, final floor action that would allow bills to cross the Statehouse Rotunda would take place by early in the last week of February. Missing from this session seems to be any real sense of urgency in moving measures through committee and on to the floor of…
On the same black Thursday that Borg Warner announced it would close its 780-worker Muncie manufacturing facility in 2009, the price of its stock surged 6 percent. Are the traders on Wall Street heartless, or prejudiced against Muncie, or do they simply like bad news? In truth, none of these answers is probably correct, although we really have no way of knowing. But the divergent reactions of stockholders and workers and their families to the news that nearly a century…
Indianapolis not-for-profits are growing as more universities embrace service learning–an educational approach that encourages
students to incorporate academics into community service.
In today’s America, the separation (or lack thereof) of church and state is a political lightning rod. The separation of church and sports is not of concern. That’s because the media already has taken care of it. In the sports media, references to religion in general or of a higher being in particular are not welcome. For athletes or coaches to say their success has come from the gifts given to them by their Creator does not compute in the…
Rival board members are at war over the future of the American Basketball Association just as the Indianapolis-based professional
league appeared to be on the cusp of breakthrough growth.
Revitalization efforts had been plodding along for years in the triangleshaped historic neighborhood known as Fletcher Place. The slower pace of development gave the neighborhood just southeast of downtown a lower profile than places like Chatham Arch and Lockerbie Square. But Fletcher Place is under the radar no more, thanks to a massive eight-story condo project known as Villaggio at Page Pointe. The 64-unit building-now the neighborhood’s tallest structure-looks like it could be in Florida, except its panoramic views capitalize…
Two massive developments with sizable retail components along the Interstate 69 corridor in Hamilton County are helping to spur the construction of several nearby distribution centers. The light industrial space rising near Fishers and Noblesville is unlike the monstrous warehouse projects prevalent west of Indianapolis in Plainfield and popping up within the Anson project near Whitestown. They instead are mediumsize warehouse or showroom space meant for small businesses expected to populate Hamilton Town Center and Saxony at the Exit 10…
I’ve been driving around Indiana with my pal, the professor. For four consecutive Thursdays, we rendezvoused at dawn, grabbed cups of caffeine and headed to the northeast corner of the state to teach grant-writing. Our students, desperately seeking funds for the not-for-profit organizations they lead, were eager to learn and engaged in our lesson. The conversations en route were equally engrossing. We talked about our families and their health, our kids and their activities. We covered politics, sports and our…
The new owners of Keystone at the Crossing and Precedent Office Park-two prominent, but aging, business parks on the city’s north side-are undertaking major projects to stay competitive amid a rising glut of office space. Both office complexes became popular corporate addresses after their development in the 1980s and enjoyed near-maximum occupancy throughout much of their history. But vacancy rates at the high-profile parks have begun to climb in recent years. Indianapolis-based commercial real estate investment manager HDG Mansur, on…
“It’s such a hassle, day after day after day,” she said. “What’s a hassle?” I asked. “Oh, you know,” she answered, mixing her yogurt deep into the cereal. “Why,” she continued without continuity, “don’t you write about global warming? It’s a very serious problem that they need to do something about.” “Who are ‘they’?” I inquired. “All the big guys,” she said “the power brokers, the decision-makers and the office-holders, all of them.” “Pandy,” I said politely, “global warming and…
In 2006, $645 billion was sunk into real estate investments across the globe, according to a recent Cushman & Wakefield report. Of that, $187 billion was sent across borders to invest. And companies everywhere are chasing the most cost-effective spots to locate factories and needed hubs for office space. With all that cash changing hands, several locally based companies have made sure they’re positioned to help play a part. Take Indianapolis-based HDG Mansur, for example. In the field for 25…
Raise your hand if you ever get emotional about a stock. You lost money on it once, or the company has a bad reputation and you refuse to buy it. (As I mentioned last week, that almost kept me out of GM. I’m glad I let the facts make the decision for me. GM is up four bucks a share in the last few weeks.) Or, even worse, you hold a stock for a while, then, a few years later,…
Hurco Companies Inc. said profit in its first fiscal quarter exploded 78 percent due to strong sales in Europe. The Indianapolis machine tool maker said the $5.4 million in earnings in the period ended Jan. 1 also was driven by selling higher-priced machines. The increase came despite softening sales in North America and Asia.
Eli Lilly and Co. said today it will appeal a decision by Great Britain’s National Institute for Health and Clinical Excellence to not recommend its Alimta lung cancer drug. The Indianapolis drugmaker said it was disappointed with the decision, and that the decision would limit patient treatment. The agency, which is influential with doctors, said […]
Metropolitan Indianapolis Public Broadcasting Inc. said this morning it will move its WFYI Teleplex into the former Indiana Energy headquarters building at 1630 N. Meridian St. The not-for-profit broadcaster is buying the building for $8.5 million and plans to spend another $11.6 million renovating the first two floors and equipping its radio and television stations. […]
Pernod Ricard USA has agreed to sell its Lawrenceburg distillery and bottling plant to CL Financial Group for an undisclosed amount. Early last year, Pernod said the 150-year-old distillery would close in phases over two years to cut unneeded capacity, putting about 400 workers out of jobs. The plant is Pernod’s largest facility in the […]
Metropolitan Indianapolis Public Broadcasting Inc. has called a news conference this morning to make an announcement. The city this week approved a variance for WFYI Teleplex to build a 150-foot tower near 1630 N. Meridian St. IBJ reported in December that the board of the public broadcasting affiliate voted to authorize buying the building in […]
A $1.64 billion offer from Simon Property Group and a partner for Mills Corp. has been accepted, the Chevy Chase, Md.-based shopping center developer said today. The offer was about 5 percent higher than the $24 per share Indianapolis-based Simon and Farallon Capital Management of San Francisco extended in an unsolicited bid Feb. 23. Mills […]
