Duke Realty exceeds expectations with third quarter results
The Indianapolis-based real estate investment trust topped analyst predictions for revenue and funds from operations.
IBJ Staff
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Closed home sales, prices jump in September
September was the second straight month of year-over-year increases in closed sales. There were 3,196 closed sales in 15 central Indiana counties in September. (IBJ file photo) Home sales across the region were up 14.7 percent in September over the same month a year ago, according to the MIBOR Realtor Association. It was the second […]
Simon Property raises annual outlook after strong quarter
The Indianapolis-based real estate company reported higher occupancy and rental rates at its shopping malls in the third quarter.
Roundup: Waffle maker makes leap to corner spot downtown
The Walking Waffle Company, a confectioner based in Carmel that until now has focused exclusively on Indy-area farmers’ markets, could open as early as this weekend.
Lilly sales, profit disappoint in final earnings report under Lechleiter
Sales of Lilly's Humalog insulin, its top-selling product, fell 9 percent, to $641 million, offsetting gains by a stable of new drugs that is helping the company weather a blitz of patent expirations.
Marsh Supermarkets HQ building on block for $28.6 million
Marsh said it will continue to lease the 25-year-old building from the buyer until Nov. 21, 2026, at an initial annual rent of more than $2.8 million.
Jared Fogle’s ex-wife claims Subway covered up complaints
The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.
Citizens taking over operations of two local wastewater plants
Citizens Energy Group says it plans to hire a “vast majority” of the 180 workers at two local wastewater-treatment plants after Suez Water Indiana LLC loses its contract to manage the facilities.
Wurth Service Supply expanding, moving to Greenwood with $11.5M project
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
Community Hospital North reopens 6 operating rooms
The hospital voluntarily closed the rooms Oct. 10 after finding discoloration on ceiling tiles and walls in a nearby corridor area.
State’s unemployment rate stays at 4.5 percent
The state’s seasonally-adjusted unemployment rate remained flat in September as private-sector employment grew by more than 10,000 jobs, the Indiana Department of Workforce Development said Friday.
First Internet reports record quarterly earnings
Fishers-based First Internet Bancorp on Thursday reported rising earnings for the ninth time in 10 quarters.
Revitalization of Speedway’s Main Street wins Monumental Award
The 39th annual event, which recognizes excellence in architecture, engineering, neighborhood revitalization and construction, took place Thursday at the Indiana Roof Ballroom.
EDITORIAL: Have faith in our vote
There’s no evidence of widespread fraud subverting the will of the people by changing the outcome of a national election.
Republic Airways takes huge third-quarter loss
Indianapolis-based Republic Airways Holdings Inc.—which is in the midst of Chapter 11 bankruptcy reorganization—lost a whopping $366.7 million in the third quarter as costs related to the reorganization mounted.
Lilly cancer drug lands accelerated FDA approval
Lartruvo is the first front-line therapy approved by the FDA to treat soft tissue sarcomas since doxorubicin more than 40 years ago.
IU plans two new degrees
Indiana University could offer the nation’s first bachelor’s degree in health data science.
Purdue startup focuses on prostate cancer therapy
Research developed at Purdue University and licensed by a biomedical startup could give patients with late-stage prostate cancer an alternative to hormone therapies that can develop resistance after prolonged use.
Indiana’s manufacturing industry losing steam, survey says
Respondents from a wide range of sectors across the state say their expected growth rates for revenue, profit and capital investment are lower than in recent years.