Duke Realty exceeds analyst forecasts with 2Q results
The Indianapolis-based real estate investment trust said it started $395 million of developments during the quarter totaling 2.6 million square feet.
IBJ Staff and Associated Press
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Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
Central Indiana homebuilding slump reaches seven months
Applications for home construction fell 13% in central Indiana in June, marking the seventh straight month of declining permit filings.
Sales of existing homes fall for sixth straight month in central Indiana
On a year-to-date basis, closed sales of existing homes in the 16-county Indianapolis area are down 3%, to 12,731.
Republican caucus picks new Indiana House member
A former gubernatorial aide was selected by a Republican caucus Tuesday to serve out the remainder of State Rep. Dave Frizzell’s term in the General Assembly.
UPDATE: Brickyard 400 moving to Fourth of July weekend in 2020
Speedway and NASCAR officials plan to play up the patriotism theme to promote the event’s new schedule.
Security products company Allegion reports rising revenue, profit
The company, which is based in Ireland but has its Americas region headquarters in Carmel, reported a higher quarterly profit than analysts had expected.
Simon Property CEO ‘nervous’ about more retail bankruptcies
Simon Property Group managed improvement in every significant financial category in 2018 despite a landslide of retailer failures. On Friday, CEO David Simon said the company will have to continue to navigate through more store closures.
UPDATE: Businesses, other organizations shut down for arctic blast
Ikea in Fishers was among numerous businesses and organizations in central Indiana that decided to close on Wednesday amid forecasts calling for dangerously frigid temperatures.
Existing-home sales creep up slightly in Indianapolis area
Average home prices continued to rise in November in the 15-county area amid tight inventories.
AMAZON UPDATES: Indy officials pushed three sites for HQ2, showed off Mass Ave during visit
When visiting Indianapolis in March to gather intelligence on the city’s HQ2 bid, Amazon officials had two meals at hot restaurants on downtown’s northeast side and toured three potential sites for the $5 billion project.
UPDATE: Republicans dominate Indiana congressional races as expected
Republicans maintained their dominant hold on Indiana U.S. congressional seats, winning seven of the nine races.
Kite Realty meets expectations with third quarter results
The Indianapolis-based real estate investment trust executed 93 leases and opened spaces for 39 new tenants in the quarter.
Central Indiana existing-home market showing signs of weakness
Existing-home sales in central Indiana fell in September, the third month of declining sales out of the last seven, amid subpar home-buying conditions.
Donnelly says he opposes Kavanaugh nomination
U.S. Sen. Joe Donnelly’s stance on Judge Brett Kavanaugh’s nomination to the U.S. Supreme Court differs widely from those expressed by Sen. Todd Young from Indiana and Senate candidate Mike Braun.
USA Gymnastics CEO forced out after just nine months
The departing CEO, Kerry Perry, had trouble garnering support in the gymnastics community, and has been criticized for making few public statements.
McDonald’s plans $168M in improvements at 270 Indiana restaurants
The renovations, which will include the addition of more digital self-order kiosks, come as the company celebrates the 50th anniversary of the Big Mac.
Cummins rakes in record revenue, exceeds Wall Street expectations
The Columbus-based engine manufacturer posted revenue of $6.13 billion in the second quarter, up 21 percent from the same period of 2017.
Law firm lands lucrative extension of contract in corruption probe
Kentucky Republican Gov. Matt Bevin’s administration wants Taft Stettinius & Hollister to continue with its investigation into his Democratic predecessor’s administration.
Disputed $50M fee expected to be paid in Indiana casino deal
The owner of two horse track casinos near Indianapolis is preparing to pay a $50 million state fee as part of its sale to casino giant Caesars Entertainment Corp.