IPS plans large-scale solar project with Carmel-based firm
The district says the project initially would place solar panel arrays on 20 schools and eventually save tens of millions of dollars in energy costs.
IBJ Staff
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Gleaners taps former IU athletic director Glass as its new CEO
Fred Glass, who worked as IU’s athletic director from 2009 to 2020 after a long career in law and politics, will become chief executive of Gleaners Food Bank of Indiana on Sept. 30.
Purdue, Rolls-Royce ink $75M deal for testing propulsion tech
Purdue President Mitch Daniels said the partnership “will address some of the greatest technology challenges facing the U.S.” and “ensure long-term national security.”
Local Big Brothers Big Sisters group gets $2.9M of blockbuster gift
Billionaire philanthropist MacKenzie Scott has given $122.6 million to Big Brothers Big Sisters of America, which includes $2.9 million for the local arm of the youth mentoring organization.
Ice Miller loses eight attorneys, staff members to East Coast firm’s new office
More than a dozen employees—including eight attorneys—have left law firm Ice Miller to start a Midwest office for Newark, New Jersey-based law firm McCarter & English in Carmel, the East Coast firm announced Monday.
Irsay acquires Kurt Cobain’s ‘Smells Like Teen Spirit’ guitar for $4.5M
The auction, which brought in a total of nearly $15 million, featured numerous Nirvana-related items that were sold, with a portion of the proceeds going to the Colts’ Kicking The Stigma mental health awareness campaign.
Carmel man handed federal prison sentence for securities fraud
George R. McKown, 71, who was convicted of conspiracy to commit securities fraud and wire fraud, also was ordered to pay more than $5.2 million in restitution to his victims.
Indiana unemployment rate holds steady in April at 2.2%
An estimated 72,191 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s down from 88,240 in December and 100,696 in November.
Area homebuilders see 4th straight month of falling permits
Rising mortgage rates, supply-chain issues, increasing material costs and limited lot availability are hampering the market.
Developers propose $72M mixed-use project in Noblesville
The proposed project includes 40,000 square feet of commercial and retail space, townhomes, an event lawn space, a park and a pond overlook.
PR veteran picked to lead Governor’s Workforce Cabinet
Longtime public relations strategist Whitney Ertel will take the job May 31, succeeding Patrick McGrew.
Existing-home sales slip in central Indiana as prices hit new highs
Sales have been on the downturn in typical residential hotbeds Hamilton, Johnson and Marion counties, but have been on the rise in Madison, Hancock and Morgan counties.
Louisiana-based company acquires Indianapolis IT services firm
Indianapolis-based Accelerate Inc., a 27-year-old IT managed services provider, has been acquired by The Purple Guys, the companies announced Tuesday.
Duke Realty rejects $24B Prologis acquisition bid, deeming it ‘insufficient’
Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.
Owner of fieldhouse in Grand Park nears resolution with developer of $42M youth sports park in Auburn
Grand Park Fieldhouse’s lawsuit alleges its former president of operations used confidential information from his time in Westfield in his new role as a principal with the developer of a planned sports park in northeast Indiana.
Prologis offers to acquire Duke Realty for nearly $24 billion
In a public letter, Prologis CEO and co-founder Hamid Moghadam said his San Francisco-based company has been trying to acquire Indianapolis-based Duke quietly without luck since late November and decided to make the effort public.
Indiana Sports Corp. leader Vaughn leaving job for private sector
Ryan Vaughn, who has led the Indiana Sports Corp. since 2014, plans to resign from his role as president on July 1. There has been speculation that Vaughn might someday run for mayor.
IBJ Podcast: Pete The Planner on bouncing back from a big financial loss
Host Mason King talks with Pete the Planner about equating self-worth with financial worth, as well as steps to stabilize and buttress your finances if you’ve suffered a loss or are just behind in saving for retirement.
Caesars starts work on $39M expansion of Anderson casino
The expansion will add 30,000 square feet to the gambling floor and 100 jobs at the venue, plus additional slot machines and table games.
Crowds protest across country after news of leaked draft Roe opinion
In Indianapolis, protesters and counter-protestors gathered outside the U.S. District Court of Southern Indiana at 46 E. Ohio St. on Tuesday evening.