Existing-home sales erupt in central Indiana
Existing-home sales in central Indiana soared 21 percent in November despite rising prices and a continuing decline in housing inventory.
IBJ Staff
Articles
EDITORIAL: Hudnut’s legacy: vision and risk
Hudnut was more than the city’s cheerleader-in-chief in his 16 years on the 25th floor of the City-County Building. He was a visionary who saw great promise in a city whose best years could easily have been behind it.
2016 TOP STORIES: Other business stories of note from past year
Emmis CEO Jeff Smulyan tried to take his company private but fell short again, among other stories.
Records for Dec. 26, 2016-Jan. 1, 2017
Here are the records listings for Dec. 26, 2016-Jan. 1, 2017.
City approves tax break for Cummins’ downtown office project
The Columbus-based engine maker will receive a 10-year personal property tax abatement on IT equipment for its new nine-story building, where it plans to employ about 250 workers by next month.
Allison Transmission CEO to retire in 2018
The Allison board plans to consider internal and external candidates to replace Lawrence Dewey, 60, who has served as Allison’s top executive since 2007.
Troy Riggs stepping down as IMPD chief
Mayor Joe Hogsett said Riggs is leaving "to pursue other opportunities." But the mayor, who praised Riggs for bringing "innovative ideas" to the job, did not provide details.
Finish Line shares tumble on weak sales, steep loss
The company projected that Finish Line stores would see a 3 percent to 5 percent decline in same-store sales in the quarter that ends in late February, in part because many consumers will see a delay in receiving their tax refunds.
Diabetic shoe maker strides to Zionsville, plans 25 jobs
Healer Health makes shoes under the brand name I-Runner. It’s moving its operations from Kentucky to Zionsville next month.
Indiana’s unemployment rate falls to lowest mark since 2001
Private-sector employment in the state grew by 13,300 jobs during the month, the state said, and is up by 36,500 this year.
Indianapolis Airport Authority selects new attorney
Brian Tuohy will be the authority’s new independent board counsel, replacing Rex Joseph, who served in the role for 29 years.
PROXY CORNER: Kimball International Inc.
Jasper-based Kimball International Inc. makes furnishings under the brands National Office Furniture, Kimball Office and Kimball Hospitality.
Holiday Wish List
Here is a list of Indianapolis-area not-for-profit organizations and the things each needs most. This is an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.
EDITORIAL: Tackling addiction, mental illness
They are sobering statistics: 85 percent of about 2,500 inmates in Marion County’s jails have substance abuse problems and up to 40 percent are classified as mentally ill. More than 700 prescriptions are distributed to mentally ill inmates every day—that’s right, every day—at a cost of $650,000 per year. And the county spends more than […]
Local Realtors’ group getting first new leader since 1990
The MIBOR Realtor Association on Thursday announced that Shelley Specchio will become CEO on Feb. 1, succeeding the retiring Steve Sullivan.
Local builders see big surge in demand for new homes
Permit filings through November have already exceeded the number filed in all of 2015 and surpass the total of any single year since 2007.
Historic Martinsville buildings part of $8.4M senior-housing project
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
Software firm BidPal raises $6 million in new financing
BidPal said it plans to use the funds to “significantly accelerate product development” and “expand marketing and sales efforts.”
Scotty’s Brewhouse founder completes sale of 17-restaurant chain
A Scottsdale, Arizona-based company announced Friday that it has closed on its acquisition of Indianapolis-based restaurant chain Scotty’s Brewhouse. IBJ first reported the deal in October.