Broad Ripple lands taco restaurant, tiki bar, chicken joint
All three establishments are set to open this month on Broad Ripple Avenue in former restaurant and bar spaces.
IBJ Staff
Articles
Two suburban school districts seek tax hikes for security reasons
Noblesville School Corp. and Clark-Pleasant Community School Corp. are asking voters to approve higher property taxes to pay for more safety and security efforts in their districts.
Editorial: Convention hotel plan a winner
A proposed public-private partnership to build two convention hotels with 1,400 more rooms as well as a $120 million expansion of the Indiana Convention Center will give downtown and Visit Indy a big boost.
IU experts expect economy to maintain strong pace in 2019
The U.S. economy is expected to remain strong next year, with Indiana outperforming the nation, according to the annual Business Outlook forecast released Thursday by Indiana University’s Kelley School of Business.
Cummins sees big jump in earnings, revenue in third quarter
Indiana-based Cummins Inc. on Tuesday beat expectations with its third-quarter earnings while narrowly missing revenue predictions.
Indianapolis-based Salin Bancshares to be acquired in $135M deal
Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.
Biofuels producer to build $160M plant in Shelbyville
South Dakota-based Poet made the announcement Friday in conjunction with President Donald Trump’s planned visit to Indianapolis on Saturday to give a speech during the annual FFA convention. In his appearance, Trump is expected to talk about the administration’s effort to help farmers by being more ethanol-friendly.
Simon Property raises outlook after solid third quarter
Simon Property Group Inc. on Thursday raised it outlook for the rest of the year after surpassing analyst expectations in a key quarterly performance category for real estate investment trusts.
Editorial: Balanced budget amendment is worthy constitutional change
Indiana has had a series of fiscally responsible administrations that have maintained strong reserves and spent them down only when faced with especially tough times. But there’s no guarantee such conscientious leadership is in the state’s future.
Residential Real Estate: Marketplace for October 26, 2018
Housing sales Active listings have continued to rise throughout the year, reaching 6,893 homes in September, roughly the same number that was on the market a year ago. But the number of homes sold slipped. Prices are up 6 percent over last year and the average days that a home stays on the market […]
Belskus stepping down as president of Indy Eleven
Jeff Belskus oversaw the team’s transition this year from the North America Soccer League to the much bigger United Soccer League, and its move to Lucas Oil Stadium for home games.
Recycling company plans $6.5M warehouse redevelopment in Irvington
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.
Former IPL chief executive lands job at state’s largest bank
Rafael Sanchez, who left his job as president and CEO of Indianapolis Power & Light Co. this year as part of a corporate restructuring, has been hired by another of Indiana’s corporate heavyweights.
Area builders stay on hot streak, but study says pace won’t meet demand
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
Local fireworks retailer going out of business with huge auction
A company that operated more than 240 seasonal stores is scheduled to auction off about $4.5 million in fireworks as well as vehicles and equipment later this month.
State unemployment holds steady at 3.5 percent
Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—rose to 65.1 percent in September. It remains ahead of the national rate of 62.7 percent.
Splenda maker settles trademark lawsuit against IHOP, Applebee’s franchisor
Carmel-based Heartland Food Products Group said it reached “an amicable resolution” of its differences with the franchisor of 3,700 restaurants.
Editorial: Circle must remain a showpiece but don’t overthink space
IBJ urges leaders from Downtown Indy and the city to continue looking for ways to better fund infrastructure improvements both on the Circle and its Meridian Street and Market Street spokes. That must be a funding priority.
Simon to weather, maybe even benefit from Sears’ decline, analysts say
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
Last remaining local Sears, Kmart stores set for closure
Sears Holdings announced it was closing 142 more stores as part of Monday’s Chapter 11 bankruptcy reorganization plan.