Area existing-home sales beginning to slow, but prices still rising
The active inventory of for-sale homes rose 47% from the previous month in central Indiana. Higher inventories could help bring down prices in coming months.
IBJ Staff
Articles
Fast-growing chicken finger chain plans two Indy-area restaurants
Baton Rouge, Louisiana-based Raising Cane’s Chicken Fingers is advertising for managers to oversee restaurants in Noblesville and Avon that will open late this year.
California restricts state-paid travel to Indiana, other states due to transgender laws
Indiana was added to the list as a result of passing House Bill 1041 in March. The law bans transgender girls from playing on female school sports’ teams.
Ohio-based behavioral health provider plans $6M Indianapolis facility
The renovated facility will be called Ethan Crossing of Indianapolis and feature a 42-bed hospital and inpatient behavioral health unit as well as a 46-bed residential Substance Use Disorder, or SUD, unit.
UPDATE: Big Ten votes to add USC, UCLA as members starting in 2024
The expansion to 16 teams will happen after the Pacific-12 Conference’s current media rights contracts with Fox and ESPN expire, and make the Big Ten the first college sports conference to stretch from the Atlantic to the Pacific.
Lilly inks $275M deal to supply more COVID-19 antibody
Indianapolis-based Eli Lilly and Co. on Wednesday announced an agreement with the U.S. government to supply an additional 150,000 doses of its COVID-fighting antibody bebtelovimab.
Oriental Inn calls its quits after 37 years in business
The owners of the east-side restaurant, which has been shut down since mid-November due to a kitchen fire, have decided to make the closure permanent.
Holcomb expects abortion to be addressed at July special session
Indiana Gov. Eric Holcomb said Friday on Twitter that he expects the General Assembly to take up abortion law during a special session next month that he called for earlier this week to address refunds for state taxpayers.
Two local apartment projects land $55M in affordable housing credits, bonds
The Low-Income Housing Tax Credit program, in conjunction with the Multifamily Tax Exempt Bonds, are used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
Area homebuilders see 5th straight month of falling permits
Builders are coming off their busiest year since 2005, but single-family building permits have fallen on a year-over-year basis in every month of 2022.
Holcomb calls lawmakers back into session to consider $1B in refunds
If lawmakers agree to the governor’s plan, individual taxpayers would receive a tax refund of $225—on top of the $125 each is receiving through the state’s automatic taxpayer refund program.
Lilly to give $34M in grants to eight local human services organizations
Lilly Endowment said the grants, ranging from $1 million to $7.5 million, will help the organizations strengthen their long-term financial sustainability plans.
Fred Payne leaving DWD for top job at United Way of Central Indiana
Payne, who has led the DWD for more than four years, will exit his current job July 8 and join the United Way on July 18. He will take over for Ann Murtlow, who is retiring June 30 after nine years leading the not-for-profit.
State health department announces first probable case of monkeypox in Indiana
The patient’s test at the Indiana Department of Health Laboratories on Saturday was positive and a confirmatory test is pending at the Centers for Disease Control and Prevention, state health officials said.
City issues RFP for redevelopment of former BlueIndy recharging sites
BlueIndy’s Paris-based owner announced in December 2019 that it was shutting the service in May 2020 after failing to achieve profitability. It left dozens of recharging stations throughout the city.
Indiana unemployment rate holds steady in May at 2.2%
An estimated 73,911 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s down from 88,240 in December and 100,696 in November.
Indy-based SPAC merging with California firm in deal worth $459M
A “blank check company” headed by local medical-software businessman Bradley Bostic announced Thursday that it plans to merge with Newport Beach, California-based medical tech firm Excelera DCE, creating a new public company.
Children’s Museum pledges changes after watermelon salad incident
The Children’s Museum of Indianapolis announced Tuesday that it plans to “employ a more robust review process” with its vendors to avoid another embarrassing public relations gaffe like it experienced earlier this month.
UPDATE: Emmis reaches deal to sell Indy radio stations but will keep Circle HQ
Indianapolis-based Emmis Communications Corp. announced Monday an agreement to sell the radio stations in its home market, including longstanding local stalwart WIBC 93.1 FM, to Urban One.
Duke put major stamp on Indianapolis real estate market
Duke and its predecessor companies were behind or involved in many of the biggest office, retail and industrial projects in the city’s history and left a mammoth mark on the city’s form and workplace function.