Lender forecloses on two downtown office buildings
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county’s proposed criminal justice complex.
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Mainstreet’s Turner to sell REIT in $2.3B deal
HealthLease Properties REIT, which is led by Mainstreet Property’s Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
Democrats question $12M in consulting contracts
The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard’s office says the fees will be paid by the developer.
Church accuses JPMorgan of mismanagement, self-dealing
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank’s “intentional mismanagement” and “self-dealing” led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
Indiana challenge to Obamacare tax-credit rule can go forward
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
Pence: State to pay special-needs adoption subsidies
The move comes just two months after a LaPorte woman filed a lawsuit, saying the state owed her subsidies.
Farmers on pace for record corn crop, report says
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
WellPoint to change corporate name back to Anthem
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.
U.S. employment openings hit 13-year-plus high
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
Teachers, students facing new state standards
Indiana teachers and students starting the new school year will have to quickly get up to speed on the state's new academic standards, drafted only months ago to replace the national Common Core standards.
Struggling hospital finds buyer, enters bankruptcy protection
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.
Kite shares start trading under 1-for-4 split
Kite Realty Group Trust’s stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company’s split took effect.
U.S. Postal Service suffers $2 billion quarterly loss
The agency blamed increases in compensation and benefits costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.
Revitalization plan brings new homes to Crown Hill area
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
Roundup: Illinois Food Emporium sold; Snooty Fox update
The Illinois Street Food Emporium, a north-side staple for decades, has a new owner, while the owner of the Sahm’s chain dishes on his plans for the Snooty Fox building.
Mass Ave merchants’ pop-up shop reopening in Carmel
Mass Ave retailers are making a return trip to Carmel’s Main Street, and they could stay longer this time.
Fishers’ bike-share program to start with training wheels
Fishers expects to roll out a pilot bike-sharing program this month in its downtown Nickel Plate District.
Ivy Tech to ask state lawmakers for more cash
The Ivy Tech Community College trustees have passed a resolution telling the college’s leaders to ask the Indiana General Assembly and the Indiana Commission for Higher Education for additional funding.
Noble Roman’s dough rises with higher profit, revenue
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
Nearly 700,000 Indiana voter registrations ‘inactive’
Indiana Secretary of State Connie Lawson said Monday she has marked 696,000 registrations "inactive" as part of her efforts to clean up to the state's rolls of voters.