Records for March 22-28, 2019
Here are the records listings for the March 22-28, 2019, issue.
IBJ Staff
Articles
Editorial: Hoteliers’ objections up pressure on city to be more transparent
It’s time for the Hogsett administration to put all the numbers on the table. They may be justifiable. But keeping the public in the dark isn’t.
Newfields receives $10M grant to upgrade 100 Acres park
The grant from the Indianapolis-based Richard M. Fairbanks Foundation is designated to improve infrastructure such as bike paths and walking trails, add parking and bathrooms, and create an endowment for maintenance and new art commissions.
EDITORIAL: With move to Circle, IBJ recommits to boldly cover city’s challenges
We are excited to now be doing OUR work with the Soldiers and Sailors Monument right outside our window—the view a constant reminder of our obligation to aggressively and accurately cover our community and hold elected officials and business leaders accountable.
Donnelly lands job as partner at law firm in Washington, D.C.
Joe Donnelly, a Democrat who lost his senatorial re-election bid to Republican Mike Braun in November, will advise clients in the financial services, defense and health care industries, among others.
IPS sells maintenance buildings for $2.75M
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
MD Logistics adds fourth warehouse in Plainfield
The third-party logistics company said it plans to increase its workforce by 50 full-time workers over the next five years.
Indiana’s unemployment rate holds steady
Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—stayed at 65.1 percent in January.
Pete the Planner coming to IBJ
IBJ has added comedian-turned-money-man Peter Dunn’s Pete the Planner column to its roster, starting March 15, when it will appear in the paper’s print edition and at IBJ.com.
Fashion retailer with five local stores going out of business
The 44-year-old fashion retailer, which declared Chapter 11 bankruptcy last month, said it would begin liquidation sales at all 416 locations nationwide.
Shake Shack scouting Indianapolis market for restaurant locations
The New York-based chain plans to add 36 to 40 locations this year. It is advertising for Indianapolis restaurant staff but has not announced it is coming.
Candlewood Suites lands $10M in financing
Candlewood plans to use the money for extensive renovations at its 142-room property.
Centier to open Greenwood loan office
Centier is a family-owned bank with 61 Indiana offices, including two in Zionsville and one each in Indianapolis, Carmel, Fishers and Westfield.
Old National CEO stepping aside
Old National has undergone a transformation since Jones joined the bank, shifting from low-growth markets to entering markets that offered a better opportunity for growth.
Kurt Vonnegut Museum planning to buy building on Indiana Avenue
The Kurt Vonnegut Museum and Library is hoping to raise $1.5 million to acquire the building, which would house the museum and a cafe operated by the owners of Bluebeard restaurant.
Two local Rally’s shut down after health code violations
Health code inspections in recent months have found numerous violations at the fast-food restaurants.
Area sock maker acquired by founder’s daughter, private equity firm
Martinsville-based For Bare Feet Inc., a 35-year-old manufacturer and distributor of novelty socks, has been sold.
Barber, Catchings named executive leaders of Indiana Fever
The former chancellor of Western Governors University Indiana and a former superstar player were named Monday to oversee operations of the city’s WNBA franchise.
Lilly to introduce generic version of insulin at half off Humalog’s list price
The move comes at a time drug makers, especially those that make insulin, are facing withering criticism for raising prices.