Biden: U.S. damage appears minimal in record ransomware attack
On Wednesday, President Joe Biden and Vice President Kamala Harris will lead an interagency meeting to discuss the administration’s efforts to counter ransomware.
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Authentic Brands, owner of Forever 21 and Brooks Brothers, files for IPO
| Bloomberg News and IBJ Staff
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.
UPDATE: Judge letting Indiana’s governor sue to block emergency law
Judge Patrick Dietrick wrote in the ruling dated Saturday that such an interpretation would give the attorney general greater power than the governor in protecting the governor’s constitutional powers.
Builder Arbor Homes acquires local plumbing company
Arbor Homes, the most-active home builder in the Indianapolis area, said the acquisition of R&R Plumbing “will bolster the company’s existing efficient building processes.”
Real Estate Weekly: News notes, 07/06/21
These news notes appeared in IBJ’s Real Estate Weekly on July 6, 2021.
Indiana reports six more COVID deaths, uptick in hospitalizations
The state said more than 2.84 million Hoosiers have been fully vaccinated against COVID-19. More than 2.81 million had received the first dose of a two-dose vaccination.
Traders Point Church moving ahead with north-side Marsh renovation after delay
Traders Point first announced plans for its Midtown campus in January 2020, a few weeks after it closed on its $7.6 million purchase of the Marsh store east of Broad Ripple.
The Wine Market in Fountain Square taking over high-profile Pioneer building
The Wine Market, which opened on Virginia Avenue in 2017, is bursting at the seams. Its owners are investing more than $2 million to buy and renovate a new space in the heart of Fountain Square.
U.S. rents still rising at rapid clip during busy time for lease renewals
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List, and is still on the way up.
New U.S. rules for animal farmers expected this week
The new rule that will make it easier for farmers to sue companies they contract with over unfair, discriminatory or deceptive practices.
Purdue-patented technology turns plastic into fuel
The technology could soon scale up to commercial-level production under a demonstration project planned by Hasler Ventures LLC.
IBJ Podcast: Chatterbox owner explains why iconic bar waited until this month to reopen
The historic Chatterbox Jazz Club on Massachusetts Avenue downtown is so tiny that opening under pandemic restrictions would have meant just 20 or so people could be inside. That’s no way to make money. But now, the restrictions are gone and the club is about to reopen.
Controversial OK of Alzheimer’s drug reignites battle over disease’s cause
The role of the sticky substance in the brain has long divided researchers and is at the forefront again amid the FDA’s recent clearance of the first drug to treat the disease in almost two decades.
Southwest, American delays hint at hard summer for air travelers
Southwest Airlines customers have struggled with thousands of delays and hundreds of canceled flights in the past three weeks. American Airlines is also grappling with a surge in delays, and it has trimmed its schedule through mid-July.
Fallout continues from biggest global ransomware attack
Thousands of organizations—largely firms that remotely manage the IT infrastructure of others—were infected in at least 17 countries in the assault. The notorious REvil gang is seeking tens of millions of dollars in extortion payments.
Investors are raising $100 million to buy unloved antiques
The demand for antique furniture is low, but a group of investors is betting it will increase again in the future.
Ticket sales for Newfields’ multisensory exhibit open to public July 6
“The Lume” exhibit, which launches July 27, will put visitors in the center of floor-to-ceiling projections of paintings such as “The Starry Night” and “Sunflowers” by Vincent van Gogh.
The hottest job in a hot market: Diversity officer
The number of employees dedicated solely to diversity, equity and inclusion work has been growing for years in the United States, but has taken off since a racial-equity movement escalated in spring 2020 with the police murder of George Floyd.
IBJ to launch diversity podcast hosted by attorney Angela Freeman
IBJ Publisher Nate Feltman said the podcast is an effort to contribute to a larger community conversation about diversity.
A mighty wind pushes builder IEA into top gear
While businesses were laying off employees last year by the boatload because of the pandemic, an Indianapolis company that specializes in building wind and solar farms hired scores of people to tackle new projects nationwide.
