Indianapolis Business Journal

Two of downtown's largest office buildings are close to getting new owners. Scott Olson reports on the likely fates of the 36-story Regions Tower and 30-story Market Tower. Also this week, Kathleen McLaughlin reveals how Monarch Beverage Co. is taking aim at state regulators in its aggressive bid to break into hard-liquor wholesaling. And in A&E Etc., Lou Harry recounts the tale of a lost sculpture designed by Roy Lichtenstein that now resides on the front lawn of the Indianapolis Museum of Art.

The Indiana Blood Center is set to lose more than one-third of its revenue early next year as some big hospital clients defect to the American Red Cross. J.K. Wall explains how the 62-year-old institution plans to reinvent itself. Also this week, Anthony Schoettle provides the view from the stands as Indy's pro sports franchise all post attendance gains. Is the city's fan base becoming overextended? And be sure to catch Lou Harry's Arts & Entertainment Season Preview, available in your subscription copy or in IBJ at newsstands.

The theme of this week's issue is "comebacks." Scott Olson reacquaints us with homebuilder Brad Davis and Paul Estridge Jr., whose prominant companies faltered during the housing downturn but have re-emerged in new incarnations. Norm Heikens explains how Hoosier incomes are rebouding. And in A&E, Lou Harry shows off the latest great games from GenCon as the nation's board- and card-game renaissance continues. 

Eli Lilly and Co. once was a pioneer in biotech drugs and treating autoimmune diseases, but abandoned the fields in 1991. Subsequently, biotech autoimmune medicines have become best-sellers. This week, J.K. Wall details how Lilly has been trying to get back in the game. Also this week, Anthony Schoettle reports the Indianapolis Indians' stock buy-back offer might be undervaluing the franchise. And in A&E Etc., Lou Harry reviews Bar Rio.

The cost of the Marion County's new criminal justice center could provoke sticker shock, but the novel way that Mayor Greg Ballard wants to finance it could put voters at ease. Kathleen McLaughlin examines the all-inclusive model that would boil down costs down to a single annual fee. Also in this week's issue, Andrea Davis tells the story of a Zionsville family that turned a summer project into a peanut-butter manufacturing business. And in A&E Etc., Mike Lopresti swaps baseball stories with Indianapolis Indians icon Max Schumacher.

This week, see what a Minnesota developer has planned for a 15-story building across the street from Bankers Life Fieldhouse downtown and find out why Center Township's trustee was driving a car with with police plates.  In Focus, check out ways banks are trying to appeal to wary millennials. And in A&E, see what our review crew thought of the new Yolk eatery in CityWay.

Budget hawks in Carmel want the city to be more prudent in cutting deals with developers. Andrea Davis explains how money will get tighter in coming years. Also in this week's issue, Scott Olson reveals plans for a five-story office building in Broad Ripple, just as the furor over another neighborhood-topping structure dies down. And in A&E Etc., Lou Harry reviews Fletcher Place newcomer Chilly Water Brewing Co.

Two friends have turned their enthusiasm for drones into a manufacturing operation projected to produce up to $10 million in revenue next year. IBJ's Dan Human has the story on AirDroids and its briefcase-sized Pocket Drone. Also this week, Andrea Davis profiles an Anderson-based financial planner who uses cookikng lessons to teach fiscal principles. And in A&E Etc., Lou Harry conducts an exit interview with Theatre on the Square's Ron Spencer, a foundational figure in local contemporary theater.

Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast. Andrea Davis examines changing attitudes toward apartments and whether the market can bounce back from the big influx. Also in this issue, Dennis Barbosa outlines a proposal to move Indianapolis police officers into the city's most dangerous neighborhoods. And in A&E Etc., Mike Lopresti visits all five minor-league baseball franchises in the state.

Ambrose Property Group is making a name for itself by buying struggling office properties and reviving them. This week, Scott Olson focuses on its latest diamond-in-the-rough project as Ambrose takes a stab at rehabbing a 436,000-square-foot complex at 500 N. Meridian. Also in thio week's issue, Kathleen McLaughin details the Indy Chamber's effort to stem membership losses. And in Focus, Dan Human profiles the family firm Pillow Logistics as its owners prepare for a generational shift in leadership.

In this week's issue, Dan Human pops the top on federal securities filings and finds that Indiana breweries and distilleries are taking full advantage of the private investment market and the romance of the microbrew trend. Speaking of new trends, Andrea Davis explores the fast-growing sport FootGolf and how it's giving some Indiana courses a swift kick in revenue. And in Focus, Scott Olson explains how the tastes of homebuyers have changed since the recession.

Indiana University Health wants to consolidate its University and Methodist hospitals into one downtown location, a plan that would see one or both facilities close or be converted to another use. J.K. Wall has the story on the plan that will reshape downtown's health care landscape. Also in this week's issue, we present our annual ranking of the largest and fastest-growing companies in the state—the 2014 Indiana 100. And in A&E, Lou Harry noshes at North End Barbecue.

Where there's smoke, there's fire, and where there's scorching e-mail, there's Christine Scales. IBJ's Kathleen McLaughlin profiles the firebrand second-term city-county councilor, who is testing the limits of political independence and the patience of both parties. Also in this issue, J.K. Wall examines the struggles of autism therapists and other care providers after the state's largest health insurer cut payments and took a harder line on paying for therapy for school-age children. And in A&E Etc., Lou Harry reviews new downtown eatery Plow & Anchor, which occupies a snakebitten location.

Heading into summer concert season, Klipsch Music Center in Noblesville has a tough act to follow: itself. Andrea Davis reports that ticket sales have soared in the last couple of years, thanks to imaginative marketing, patron-friendly features and a savvier concert industry. Also this week, Scott Olson details the return of restaurateur Peter George, who’s opening a new eatery on 16^th Street. And in A&E, Lou Harry hits Mass Ave to study the second location for Carmel’s Pizzology.

Indianapolis author John Green isn't a businessman, per se, but he's practically an industry unto himself. In this issue, IBJ's Lou Harry examines the blockbuster sales of Green's "The Fault in Our Stars," the prospects for the movie version (opening June 6), and Green's mastery of social media and multimedia to create a motivated fan base. Also this week, Scott Olson reports on the hops shortage threatening local breweries. And J.K. Wall explains how IU Health's Saxony hospital is finding ways to cut costs and improve outcomes with a focus on care coordination.>

This week, IBJ presents its annual Executive Pay Scorecard, with the full compensation for 301 top bosses at 64 public companies in Indiana. And the top two names this year are a big surprise. Also in this issue, Anthony Schoettle takes a look at the city's development and tourism strategy now that we know we won't be hosting the 2018 Super Bowl. And in Focus, J.K. Wall studies the pressing challenges facing Ball State University's new president.

One of Mayor Greg Ballard's keys to stengthening Marion County is to attract high-earning residents who can bolster the tax base. But new research shows that the number of people living in low-income areas of the eight donut townships has grown sixfold since 2003. IBJ's Kathleen McLaughlin examines the challenges facing the suburban townships. Also this week, Andrea Davis details how cash-strapped school districts are concocting unusual ways to raise money. And in A&E Etc., Mike Lopresti revisits the saddest day in Indy 500 history with A.J. Foyt and Johnny Rutherford.

This week, A&E Editor Lou Harry provides a sneak peek at the Indianapolis Zoo's $26 million orangutan center, which opens May 24, and Scott Olson uncovers a criminal inquiry of local developer HDC Mansur. In Focus, J.K. Wall gauges the progress of Indiana's life-sciences thrust. And see what IBJ thought of much-ballyhooed Tex-Mex newcomer Chuy's.