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Browning to build warehouse for Markey’s Audio Visual:

Indianapolis-based Browning Investments Inc. will build a 30,000-square-foot office/warehouse for Markey’s Audio Visual in the Keystone Enterprise Park, boosting the park’s occupancy to about 90 percent. That’s a huge milestone for the 62-acre development, which sits in the blighted Martindale-Brightwood neighborhood, say officials with Browning and the city of Indianapolis. Keystone Enterprise Park, near Interstate 70 and Keystone Avenue, is a city-led venture launched to bring jobs and private investment to the near-northeast side. The goal was 600 jobs; more…

Central Canal might get floating stage

A floating stage for concerts and a submarine memorial are in the works for Indianapolis’ Central Canal, adding to the downtown
waterway’s growing base of attractions. Efforts to develop a one-acre site at the heart of the canal, meanwhile, remain stalled.

Builders relying on medical projects: Amid general slowdown, health care sector busy

There’s no shortage of research pointing to the growth in the health care industry. For example, health care expenditures will account for nearly a quarter of the gross domestic product by 2020. Consumers are increasing the number of times they visit the doctor, and the increase is even greater for baby boomers. The number of medical procedures being performed on an outpatient basis rises yearly. And jobs in the industry will grow 20 percent by 2016. To meet those demands,…

A&E: Welcome lace fans

Hear the word “lace” and you’d be justified in thinking of such terms as “delicate,” “elegant” or, if you were in a whimsical mood, even “doily-esque.” Hear “knitting” and you are likely to imagine a grandmotherly woman working on a shawl. That assumes, of course, that you haven’t already been to the Indiana State Museum to see the new exhibit “Radical Lace & Subversive Knitting.” Hear those words after visiting and you’re likely to have other ideas. The exhibition, organized…

Ring maker remakes industry with big buyout: Herff Jones’ purchase of American Achievement to narrow roster of rivals to two; deal may be worth $700M

Herff Jones Inc.’s latest acquisition is a whopper that will remake the competitive dynamics of its niche industry-the sale of high school rings, yearbooks and other products that help mark educational milestones. The Indianapolis-based company this month agreed to buy American Achievement Group Holding Corp., a deal that would reduce the roster of Herff’s major competitors from three to two. Herff has $511 million in annual revenue, while American Achievement has $315 million. Terms were not disclosed, but Dow Jones’…

Revival in nuclear energy puts engineers in demand: Purdue concerned about possible shortage in field

A renewed interest in nuclear energy coming at the same time aging workers are leaving the industry has created the elements for a shortage of nuclear engineers. Nuclear energy as an electricity source is enjoying a resurgence nearly 30 years after a reactor meltdown at Three Mile Island in Pennsylvania severely tarnished the industry’s image. Escalating oil prices and stiffening environmental regulations on coal-based systems are helping to spawn the rebirth of nuclear technology. The U.S. Nuclear Regulatory Commission in…

EYE ON THE PIE: Globalization in the fast-food business

My buddy Andy hates his name. He suffers because his parents were excessively influenced by “Wheel of Fortune” and named him Andreas Fawlty Towers. After years of teasing, Andy now hates just about everything. For example, he and I were having lunch at the redesigned “Steak, Shake and Sushi” as he complained about the new menu. “Foreign foods,” he said, groaning. “They take a perfectly fine menu of American classics and add something no one ought to eat. It’s bad…

Pats fan shown Hoosier hospitality

New Hampshire teen-ager Anna Grant, treated like a villain in the RCA Dome four months ago, is being treated like a queen today at the Indianapolis Motor Speedway.

Grant, 14, made news when she…

State drops canal development

A 1-acre site along the Central Canal will not be developed, at least for now, a state official said in an e-mail. The state’s public finance director, Jennifer Alvey,…

Indy developers, out-of-town deals

Check out a few of the projects local developers are working on outside Indy:

Kite Realty Group broke ground this week on Eddy Street Commons, a mixed-use village…

Rain doesn’t stall Carb Day party

Rain today didn’t dampen attendance at the Indianapolis Motors Speedway. Cars lined up for more than two hours along 16th Street to get in to the famed Brickyard for Carb Day.

And crowds did not…

IRL, Honda sign deal through 2013

Honda and the Indy Racing League officials announced today they have reached a deal to make the Japanese auto maker the engine supplier to the open-wheel racing series through 2013.

Honda officials said they still hope IRL officials will bring in…

Suit filed over NCAA Final Four tickets

An Arizona man yesterday filed a class-action lawsuit against the NCAA over its practice of not refunding the $6 handling fee for lottery applications for tickets to Final Four games. In his suit in U.S. District Court in Los Angeles, Tom George asks that the NCAA to end the “illegal gambling” practice for men’s hockey […]

UPDATE: Hurco stock dives after earnings report

Shares of Hurco Cos. Inc. plunged 17.2 percent this morning after the Indianapolis-based machine tool maker reported profit that missed analysts’ expectations. Hurco said it earned 85 cents per share in net profit, 3 cents less than analysts surveyed by Thomson Financial. The shares, which have traded near historic highs for the company, slumped to […]

Indy 500 teams still lack sponsors

For all the touting of higher television ratings, attendance and series Web site visits, there’s one glaring shortcoming that shows the Indy Racing League still has challenges.

Fourteen of the 33 cars that qualified…

RW Armstrong asked for money back

Johnson County commissioners have asked for a $22,531 reimbursement from the Indianapolis engineering and consulting firm RW Armstrong for unexpected additional work the county says it had to undertake on a road project. The commissioners blame Armstrong for leaving out drawings for a storm sewer and other work needed to upgrade the intersection of Stone’s […]

Greatest plays of all time?

A few days ago in this blog, I mentioned Daniel S. Burt’s book “The Drama 100: A Ranking of the Greatest Plays of All Time.”

While we can all agree that such a list is highly subjective, we can probably…

Lafayette Caterpillar plant to add 50 workers

The Lafayette Redevelopment Commission approved providing $50,000 to the Caterpillar Large Engine Center to train 50 new workers, reports the Journal & Courier. The funds will come from the city’s tax increment financing and economic development income tax funds. Caterpillar employs nearly 1,800 at the site now; the additional 50 workers will fill production jobs […]

Panera coming downtown

Weber Grill Restaurant could soon get some company. Panera Bread Co. is close to a deal to take the remaining portion of the former Old Navy space in Claypool Court. If landlord Simon…

IRL signs 5-year Long Beach deal

Indy Racing League officials today confirmed they have finalized a contract to hold a race in a new, important market next year.

The IRL signed a five-year deal with The Grand Prix Association of…