Sales of existing homes still slumping in central Indiana
Residential real estate sales in the 16-county area have fallen on a year-over-year basis for the past 13 months and have seen double-digit percentage decreases for eight straight months.
IBJ Staff
Articles
IBJ Podcast: Pete The Planner on the new rules for saving
Late last year, Congress passed a significant revision to the rules for retirement plans with the intent of extending and expanding your saving opportunities.
Indianapolis charter school network to open STEM academy for girls
Paramount Schools of Excellence said the charter school, called Girls IN STEM Academy, will be operated in partnership with Girl Scouts of Central Indiana, Every Girl Can STEM and Purdue Polytechnic High School.
Leo’s Market, combining fuel and fresh food, to open fourth Indy-area store
Siblings Stephanie White-Longworth and Keith White opened the first Leo’s Market and Eatery in 2019 at 2212 W. Main St. in Greenfield using proceeds from an earlier venture.
David Benner, Star sportswriter and Pacers exec, dies at 67
As a sportswriter for The Indianapolis Star, Benner covered coveted beats for the Indiana Pacers, Notre Dame football and IU basketball.
McCordsville man convicted of embezzling $91K from labor union
According to court documents, the man illegally transferred funds from the union’s bank account to his personal bank accounts on multiple occasions between 2013 and 2019.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Study: Smoking costs Hoosier businesses $3.1B annually in ‘hidden tax’
The Indianapolis-based foundation said the study, announced Thursday, shows that if the state cigarette tax increased by $2 per pack, from the current 99 cents per pack, an estimated 45,000 Hoosier adults would stop smoking.
Indians keeping name, forge partnership with Miami Nation
The professional baseball team known as the Indianapolis Indians since 1902 will continue to play under that name for at least two more seasons, it announced Wednesday.
Sales of existing homes sink 31% in central Indiana
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
IBJ Podcast: Downtown fixture Wheeler Mission on verge of big transition
Wheeler Mission has been an integral part of downtown for more than 100 years and is intrinsically linked to quality of life issues and downtown’s image. It’s now in the middle of its first leadership transition in 33 years.
Don Schumacher Motorsports plans $10.5M expansion in Brownsburg
The expansion, which involves additional equipment at the existing facility and a new 32,500-square-foot building, is expected to increase employment by 42 workers.
Discount retailer Tuesday Morning files for bankruptcy again
The retailer emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting its employee head count and slashing debt.
Taco eatery Agave & Rye set to open this month at CityWay
Founded in Covington, Kentucky, in 2018, Agave & Rye Tequila and Bourbon Hall has quickly grown to 14 locations in five states. The Indianapolis restaurant will be its second in Indiana.
Former church business manager sentenced to 2 years in prison
Investigators say Marie Carson illegally transferred $573,836 in church and school money into her private accounts from 2008 to 2021 and used much of the money to pay for casino gambling and an annual month-long vacation to Florida.
Dorsey to headline IU Ventures networking summit
The IU Founders & Funders Network Venture Summit is scheduled May 18-19 at the Indiana Memorial Union. Only 185 tickets will be allocated for the event.
Tinker Coffee to open downtown cafe in 360 Market Square building
The cafe, set for a spring opening, will be Tinker’s fourth cafe overall, but its first standalone location.
Westfield Mayor Andy Cook says he will not seek fifth term
The Hamilton County community had just more than 21,000 residents when Cook was sworn in as its first mayor in 2008, the year Westfield moved from a town to a city. Today, its population tops 50,000.
Local accounting firm Somerset acquired by two out-of-state players
Somerset CPAs and Advisors, the fifth-largest accounting firm in Indianapolis, is now owned by CBIZ Inc., a financial firm based in Cleveland, and affiliated accounting firm Mayer Hoffman McCann PC.
Indiana Wesleyan names Qualls executive director of Eleven Fifty Academy
Tech entrepreneur John Qualls has been serving as Eleven Fifty Academy’s interim executive director since December, when Indiana Wesleyan acquired the struggling coding school.