COVID-19 pet boom has veterinarians backlogged, burned out
To meet the demand from the pet boom, vets have extended hours, hired additional staff and refused to take new patients. And they still can’t keep up.
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Holcomb signs order restoring work-search rule for jobless benefits
Indiana is joining several other states creating more requirements for people to stay on unemployment, with many businesses blaming the ease of obtaining the weekly jobless benefits with making it more difficult to fill job openings.
State reports 15 new deaths from COVID-19
The Indiana State Department of Health on Tuesday reported 687 new COVID-19 cases and 15 new deaths.
Veteran journalist Greg Andrews named publisher, editor of The Indiana Lawyer
IBJ Media CEO Nate Feltman said he’s confident that under Andrews’ leadership, The Indiana Lawyer “will become an even more essential read for the legal community and beyond. We have the opportunity to become much more relevant both in central Indiana and statewide.”
Job openings surge to a record high 8.12 million
Many employers say they are unable to fill positions because of ongoing fears of catching the coronavirus, child-care responsibilities and generous unemployment benefits.
Real Estate Weekly: News notes, 05/11/21
These news notes appeared in IBJ’s Real Estate Weekly on May 11, 2021.
Historic downtown building with steakhouse space, luxury condo on market for $4.95M
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
Developer planning $13.5M senior housing project in Speedway
The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.
Gas stations running dry after pipeline hack
From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in.
Victoria’s Secret to be spun off a year after sale collapsed
Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.
White House to work with states on reimposing work-search requirements
States waived their work requirements for unemployment benefits at the start of the pandemic, but about 30 of them have reimposed or are planning to reimpose them. Gov. Eric Holcomb announced Friday that Indiana would do the same.
Simon joint venture to buy 300-store Eddie Bauer
The outdoor gear and apparel retailer is slated to join a growing stable of high-profile retail brands owned by Indianapolis-based Simon Property Group and its partner.
Indy council ratifies COVID orders after Legislature nullifies them with veto override
The Democratic-majority council’s vote—which passed 19-5 along party lines—keeps a citywide mask mandate and restaurant capacity limits in place in Indianapolis.
Indy council approves $100k for immigrant legal aid fund
Republicans, who voted against the measure, argued the money would be better spent elsewhere, such as on mental health services.
Simon raises financial outlook for 2021 after solid first quarter
The Indianapolis-based mall operator said it’s seeing good early results from J.C. Penney, which Simon and a group of co-investors purchased out of bankruptcy in December.
Legislature overrides Holcomb’s veto of bill that weakens some local COVID restrictions
The GOP-dominated Legislature again defied Republican Gov. Eric Holcomb on Monday, overriding his veto of a bill that will undo some local health restrictions in Indianapolis and some other cities amid the COVID-19 pandemic.
After cyberattack, pipeline operator promises return by week’s end
The attack underscored the vulnerabilities of the nation’s energy sector and other critical industries whose infrastructure is largely privately owned.
Amazon blocked 10 billion listings in counterfeit crackdown
The e-commerce giant said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.
Treasury to start paying out $350B in state, local aid
The funding could provide a jolt of growth after the unemployment rate ticked up slightly to 6.1% in April, a sign of how difficult it can be to restart an economy despite an unprecedented degree of federal assistance.
Fired Cathedral teacher’s suit against archdiocese over same-sex marriage dismissed
The one-page order dismissed the wrongful termination lawsuit filed by a gay teacher against the Archdiocese of Indianapolis.