Emmis suffers quarterly loss on lower revenue
The Indianapolis-based media company reported a money-losing quarter as radio revenue continued to slump.
IBJ Staff
Articles
Indy Eleven confirm switch to United Soccer League
The Indy Eleven are joining the United Soccer League for the 2018 season, the team announced Wednesday, ending their four-year run in the North America Soccer League.
Former Indianapolis entrepreneur charged with fraud in real estate deal
An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
Will bull market continue through 2018? Financial pros weigh in
As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.
Oregon-based maker of premixed cocktails moving to Indy, creating up to 51 jobs
Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.
Lilly Endowment doles out $80M to central Indiana social-service organizations
The grants—which range from $5 million for Bosma Enterprises to $10 million for the Villages of Indiana—will go toward creating or increasing endowments that bolster the groups’ long-term stability.
Hurco caps record year for sales, orders with robust quarter
Sales and profit at Hurco were lifted by strong demand for its products in Europe, especially Germany, France and the United Kingdom.
Simon widow donates massive estate to Songbook Foundation
The widow of Mel Simon is donating her entire 107-acre estate in Carmel to the Great American Songbook Foundation—a gift valued at more than $30 million that the foundation plans to use to help it establish a major museum in central Indiana.
New Lilly Endowment program to provide $25M to Indy arts and cultural initiatives
The competitive program will dole out grants from as little as $7,500 to as much as $10 million. The endowment stipulates that funded programs must be implemented within Marion County.
Claymon brothers sell off another mobile office business
Brent and Matthew Claymon, the entrepreneurs known for selling Pac Van Inc. for tens of millions of dollars in 2006, have sold another Indianapolis-based company that leases mobile offices and storage units.
Logistics firm on hiring spree settles into larger downtown digs
Direct Connect Logistix has left the Stutz building for more space in the Cosmopolitan on the Canal building as part of its plan to add as many as 90 workers by the end of 2020.
EDITORIAL: Workforce issues top IBJ’s agenda for Legislature
Eliminating the smokers’ bill of rights, fixing the state’s sexual harassment law, and Sunday alcohol sales also made our list of important legislation.
Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.
2017 TOP STORIES: IBJ’s Forty Under 40 turns 25
IBJ celebrated the milestone with a weekly series highlighting each class, including updated information about previous honorees.
Celadon revises credit agreement with lenders
Indianapolis-based trucking company Celadon Group Inc. on Tuesday announced it has reached a new agreement in its ongoing effort to get its financial house in order.
Brixx pizza set to reopen in Fishers with new owners
The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.
Indiana’s unemployment rate slips to 3.7 percent
The rate has crept up from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent, last achieved in 2000.
Large Castleton apartment complex sells for $44.6M
A California company bought the 512-unit Avery Point Apartments, which was finished in 1986 and consists of 58 two-story buildings.