CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
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Council committee advances $38M financing plan for P.R. Mallory site
A nearly $38 million project to transform much of the abandoned P.R. Mallory site on East Washington Street into the home of Purdue Polytechnic High School and other tenants is finally moving forward.
Lawmakers reach deal to avoid shutdown that includes border wall funding
Congressional negotiators announced an agreement late Monday to prevent a government shutdown and finance construction of new barriers along the U.S.-Mexico border.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Indy-based tech firm Formstack to move to Fishers
Fast-growing Formstack LLC is planning a move to the Nickel Plate District in Fishers, where it expects to hire 30 more people.
Toys ‘R’ Us planning second act under new name
Toys “R” Us fans in the United States should see the iconic brand re-emerge in some form by this holiday season.
Lawmakers to examine health, environmental issues of huge livestock farms
A hearing on the bill will look into whether the Indiana Department of Environmental Management has enough power to regulate massive farms where animals are confined. Health and environmental experts say the state needs more regulatory power.
IRT raises curtain on $18.5M fundraising campaign
The campaign already has collected $17 million in commitments from donors, officials said. About two-thirds of the ultimate goal is earmarked for beefing up the theater company’s endowment.
U.S. colleges raise $47B in ninth straight record year
U.S. colleges raised $46.7 billion in the 12 months through June 2018 as the lengthy bull market for stocks helped spur contributions. Two Indiana universities were among the top 20 fundraisers.
Scotland-based craft-beer maker planning bar in Fountain Square
Established in 2007, BrewDog has 65 locations around the world, including 34 bars it opened last year. Indianapolis will be the second U.S. city to have a BrewDog bar.
Hamilton County municipal races getting crowded
May’s primary election is set, and in addition to three contested mayoral races, several city council seats are also contested.
UPDATE: Westfield pitches tax plan to fund construction of $35M downtown park
City leaders presented a plan during a city council meeting Monday night to use local income tax and TIF revenues to repay a $35 million bond that would be used to construct Grand Junction Plaza.
Indy programs tackling homelessness awarded record federal funding
The U.S. Department of Housing and Urban Development has awarded nearly $5.6 million to Indianapolis Continuum of Care organizations—a group of social service agencies and not-for-profits that work together to tackle homelessness,
EPA decision on chemical compounds tied to health risks expected soon
The Environmental Protection Agency is looking at how to respond to a public push for stricter regulation of perfluoroalkyl and polyfluoroalkyl compounds, in production since the 1940s.
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Indianapolis doesn’t instantly revive Amazon pursuit after NYC report
Several cities were quick to renew their courtship of Amazon after a report Friday that the e-commerce giant was reconsidering its plan to open a 25,000-worker H2Q campus in New York City. Indianapolis wasn’t among them.
IBJ Podcast: Former racer Derek Daly suing WISH-TV for $25M, but can he prove defamation?
Just days after filing a defamation lawsuit seeking more than $25 million from WISH-TV, Derek Daly sits down with IBJ’s Anthony Schoettle to discuss what he says the news station got wrong in a story that accused him of using a racial slur.
Indiana leaves $6M in state funds on table after slow pre-K signup
Indiana expects to leave state funding for pre-kindergarten untouched this year due to a slower-than-hoped expansion, according to the Indiana Family and Social Services Administration.