Existing home sales continue dismaying trend
Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.
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YMCA set to break ground on $22M CityWay project
The not-for-profit is expected to begin construction on the three-story, 87,000-square-foot downtown facility July 16, with a completion date of December 2015.
Broad Ripple brokers propose office project on College Avenue
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Skarbeck: Analysts’ quarterly focus can lead investors astray
Wall Street analysts are notorious for their short-term attention spans. This leads to undue scrutiny of a company’s quarterly figures and can lead to poor decisions by investors.
Notre Dame No. 2 in ranking of football riches, IU tops Purdue
Florida State may be the BCS national champion, but when it comes to cash flow and valuation, the Seminoles can’t touch Texas and Notre Dame.
Simon’s 20-year run has made investors a bundle
Simon Property Group now is the largest real estate company in the world and has a stock market value of $59 billion. That’s $6 billion more than Eli Lilly and Co., not that Simon's hypercompetitive CEO, David Simon, has noticed.
Developer unveils plans for former Central State site
Plans for the proposed $5 million redevelopment show a mix of uses, including student housing, event space, office and industrial space and even the possibility of a brewery.
Gene Glick was a soldier, a builder and a philanthropic giant
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
Wheeler Mission lands $1M grant to help with expansion
Wheeler Mission Ministries Inc. said Wednesday that it has received a donation from the Nina Mason Pulliam Charitable Trust that will allow it to start construction on a new facility next to its shelter at 520 E. Market St. in downtown Indianapolis.
Skywalk adds architectural element to senior-housing project
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
Canadian firm buys former Fundex HQ for $3.7M
Dalfen American Corp. of Montreal acquired the 110,000-square-foot building in an auction Wednesday following the bankruptcy of the Plainfield-based game maker.
Small-business group absorbed by state was ailing
Gov. Mike Pence in June signed an executive order that folded a tiny northern Indiana not-for-profit called Partners in Contracting Corp. into a new state Office of Small Business and Entrepreneurship. What he didn’t say was that Partners in Contracting was in trouble and likely would have folded operations had the state not stepped in.
Northside office complex might fetch more than $40M
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
Obamacare rebates total $22.6M in Indiana
Indiana consumers are set to receive rebates that are 59 percent larger this year as Obamacare continues to force health insurers to refund premiums that exceed actual medical claims by more than 20 percent.
Building for game maker Fundex set for July auction
One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December.
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
Kessler Mansion neighbors balk at business uses
An Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property. The mansion will host a camp for entrepreneurs in June.
Analysts: Lilly faces ‘ugly’ period until its pipeline produces
Investor smiles about new experimental cancer drugs and an aggressive play for the animal health market in China turned to frowns after Lilly disclosed deep cuts to its U.S. sales force.
Expected revenue slump spurs Lilly to cut sales force
The Indianapolis pharmaceuticals giant said Thursday that it would lay off hundreds of U.S. sales reps, as it prepares for the loss of patent protection on two of its best-selling drugs.
Push for I-70 truck lanes hits roadblock in study
Economy, high cost of construction cited as factors.