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Office vacancy in the Indianapolis area was little changed in the first quarter, according to Colliers Turley Martin Tucker. Despite a net absorption of 126,000 square feet, the vacancy rate edged up 0.2 percent, to 17 percent, from the fourth quarter of 2007, the brokerage said in a report issued yesterday. In the most recent […]
An auction this month could strip locally based
Premier Properties USA Inc. of most of its real estate holdings.
The Indiana Utility Regulatory Commission will hold a public hearing April 14 to receive comments on a rate hike proposed by Anderson Municipal Light & Power. AML&P wants to raise base rates, which for the average residential customer using 1,000 kilowatt hours per month would grow to $69.40 from $62.75. The current rate was approved […]
The Indianapolis Indians announced today they have signed a four-year extension on their player development contract with the Pittsburgh Pirates. The new agreement runs through the 2012 season.
Indianapolis posted a 224-205 regular-season mark during…
A hardwood company headquartered in the Evansville-area town of Chandler has been sold to a similar company in West Virginia because, the owner said, the company was stuck in a no-man’s land. “We were too small to be a big company and too big to be a small company,” said Indiana Hardwoods LLC owner and […]
Duke Realty Corp. is laying off 45 employees this week – about 3.3 percent of its work force – as the local company copes with a giant drop in development starts. The layoffs include about 20 workers at the company’s Indianapolis headquarters, leaving about 540 local employees. After the cuts, the company will have about […]
News from the city’s development industry has been grim lately. Duke Realty Corp. joined the layoff parade this week, dropping 45 employees (including 20 locally). In January, Lauth laid off 80 employees,…
More interest in new hybrid vehicles is being shown by Indianapolis residents than in any other Midwestern city other than Minneapolis, according to the Internet site cars.com. About 2.8 percent of vehicle searches at the site involved hybrids, ranking Indianapolis 15th in the nation, compared to No. 9 Minneapolis, at 3.2 percent. West Coast markets, […]
An ATA Airlines employee who was fired April 3, when the Indianapolis-based regional carrier filed bankruptcy and ceased operations, is suing the company for back pay. The class action filed in U.S. Bankruptcy Court by Kevin Batman claims ATA violated federal law by terminating more than 1,000 workers without giving a 60-day written notice. ATA […]
Shelbyville officials want to create a fourth tax-increment finance district, this time at the Fairland exit on Interstate 74, where Indiana Downs is renovating its horse track and adding slot machines. In addition to the track, the 1,000-acre district would include a gas station, a warehouse and a former recycling center, among other properties. Although […]
It’s an interesting year on Broadway, where …
“August: Osage County” (which we could have seen last summer at Chicago’s Steppenwolf Theatre) is winning over critics and drawing comparison to Eugene O’Neil’s work.
Revivals of “South Pacific” and “Gypsy” are turning into…
Nissan Motor Co. plans to break into the U.S. market for light commercial vehicles, and the move means more work for Cummins Inc. The Columbus company will make diesel engines for the three new offerings, Nissan said. Nissan wouldn’t discuss specifics, but officials said the vehicles will range from pickup trucks to buses and that […]
The Indiana Pacers are in two races: one to make the playoffs and the other to keep their average home attendance above 12,000.
Last night against the Atlanta Hawks–arguably their biggest game of the…
Northwest Indiana casinos are not holding up in weak economic times like they have in the past, according to The Post-Tribune of Merrillville. Typically resistant to economic cycles, the casinos since December have struggled to maintain revenue levels. Revenue at Blue Chip Casino in Michigan City, for example, is down $5 million to $8 million […]
Indiana-Purdue Fort Wayne officials have been trying to schedule a game with Indiana University for the last three years. Putting IU on the schedule would be an important recruiting tool, bring immediate marketing…
Shares of Steel Dynamics Inc. are climbing higher, egged on this week by Morgan Stanley’s starting coverage and encouraging investors to buy. The Fort Wayne steel recycler, which operates a mill in Pittsboro, west of Indianapolis, picked up the buy rating as Morgan Stanley slapped a downgrade on a giant competitor, Charlotte, N.C.-based Nucor Corp. […]
Soaring gas prices, a tough job market and job cuts – plus high medical costs – are driving more middle-class people to food banks in Johnson County, reports The Daily Journal of Franklin. At least one food pantry has seen a doubling of those seeking the services for the first time, with 53 families – […]
Donnie Walsh has spent the last few days in Indianapolis cleaning out his Conseco Fieldhouse office and gathering his belongings to head back to New York where he will begin his post this…
What did you think of “Smart People,” Monday’s IBJ Night at the Movies sneak preview?
Comments most welcome below.
Whether you made it or not, act now to be a part of the next one. We’ll be hosting a screening of the…
A local developer hopes to add restaurants and retail space and possibly a hotel to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite Realty Group Trust joined with Sacramento, Calif.-based Coastal Partners LLC to buy the plaza and two adjacent ice skating rinks from Indiana Sports […]
