Retail workers quitting at record rates for higher-paying work
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
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Milliman Inc. to add 95 jobs in Indianapolis
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
IBJ Podcast: Chef Baker explains what’s happening at the AMP food hall at 16 Tech
Baker talks with host Mason King about how the food hall came together—and why, for him, success will be when some of the eateries grow up and move out.
Fishers to consider $27M in bonds for land acquisitions, life sciences park
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
Capital Improvement Board sees first financially positive month since pandemic
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Real Estate Weekly: News notes, 06/15/21
These news notes appeared in IBJ’s Real Estate Weekly on June 15, 2021.
Instant-delivery firm GoPuff quietly expanding roster of Indy fulfillment centers
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
City tweaks TIFs to boost affordable housing
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
Federal government to maintain expansive work-from-home policies after pandemic
The embrace of “maximum telework flexibilities” amounts to a massive shift for the federal government, which has long lagged behind the private sector when it comes to offering remote work.
Jeweler Alex and Ani files bankruptcy after rapid expansion
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Pences’ $1.93M house near Zionsville reflects former VP’s growing wealth potential
Former Vice President Mike Pence and his wife Karen have purchased a 7-bedroom, 7½-bathroom house near Zionsville for $1.93 million, a clear sign that national office and the spotlight it brings have financially elevated the couple after years of modest living.
Real Estate Weekly: News notes 06/08/21
These news notes appeared in IBJ’s Real Estate Weekly on June 6, 2021.
Family farm sells for $10.6M, paving way for 250 acres of industrial developments
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
‘I finally did it’: Students at Simon’s mall-based academy celebrate graduation
Simon Youth Academy, an alternative high school in Indianapolis Public Schools, was created to help juniors and seniors in danger of dropping out. This year, 62 students earned diplomas from the school based in Circle Centre mall—the most in its six-year history.
Fishers Test Kitchen restaurant readies move to Bottleworks
Chef Carlos Salazar said he expects downtown Indianapolis customers will be more open to the global street food he serves at Lil Dumplings.
Real Estate Weekly: News notes, 06/01/21
These news notes appeared in IBJ’s Real Estate Weekly on June 1, 2021.
Construction spending posts modest monthly gain
Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.