Ambrose handing DTZ property management biz
Ambrose Property Group LLC is spinning off its property management division to DTZ, one of the largest real estate firms in the city.
IBJ Staff
Articles
Lender grants $10 million to affordable-housing projects
The Federal Home Loan Bank of Indianapolis, commonly known as a private-sector bank for banks, announced July 17 that it awarded $10 million in affordable-housing grants in Indiana and Michigan, including two $500,000 grants for projects in Indianapolis.
EDITORIAL: May Anthem’s tribe increase
Headquarters house a company’s best and brightest, including executives with authority to make final decisions. The corner office is more likely than an outpost to back a risky or expensive project to improve a city.
IndyCar official Walker to step down at end of season
IndyCar’s president of competition and operations is leaving “to pursue other professional opportunities,” the series announced Thursday.
Celadon reports revenue surge in latest quarter
Celadon Group Inc. saw a 28-percent jump in revenue in its fiscal fourth quarter, the Indianapolis-based trucking company said Wednesday.
Duke Realty sees higher profit on lower revenue
Duke Realty Corp. saw higher profit in the second quarter, but a drop in funds from operations and lower revenue, the Indianapolis-based real estate developer said Wednesday afternoon.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.
IUPUI athletic director resigning after 19 years
Under Director of Athletics Michael Moore, IUPUI's athletics program jumped from the NCAA Division II level to NCAA Division I and expanded from nine sports teams to 18.
Local marketing firm plans expansion, 37 jobs
Element Three Inc., a fast-growing Indianapolis-based marketing agency, said it plans to spend $881,000 to add space at The Pyramids office park on the city’s north side, where it already occupies two floors.
Indy’s top 11 acquisition deals, before Anthem-Cigna
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
Two Indianapolis Marriott properties renovated
The Fairfield Inn & Suites by Marriott and the Residence Inn by Marriott, both off the Sam Jones Expressway exit of Interstate 70 on the city’s southwest side, recently completed extensive renovations.
Nashville named on Smithsonian list of America’s best small towns
Highlighting the southern Indiana town’s lush landscape, arts heritage and festive environment, the magazine selected Nashville for its “one-of-a-kind atmosphere and history.”
WTHR-TV ends fee dispute with Dish Network
WTHR-TV returned to the Dish Network channel lineup Tuesday, ending a contract disagreement over retransmission fees that lasted more than five weeks.
DMD administrator Beaubien promoted to acting director
Brad Beaubien will take over for Adam Thies, who announced last week that he was leaving on Friday to become assistant vice president for capital planning and facilities at Indiana University.
State unemployment rate drops to seven-year low
The state’s unemployment rate fell to 4.9 percent in June, sinking below 5 percent for the first time since February 2008, the Indiana Department of Workforce Development said Tuesday morning.
Indy market’s third country radio station debuts
iHeartMedia is getting into the country game in Indianapolis after agreeing earlier this year to buy WDRZ-FM 98.3, the market's Radio Disney station. The Walt Disney Co. is abandoning the format.
Angie’s List executive leaves amid management restructuring
Patrick D. Brady, president of marketplace, was terminated Wednesday as part of a restructuring of management, Angie’s List disclosed Thursday in a public filing. The company also revealed former CEO Bill Oesterle’s separation agreement.