This year’s IPO billionaires see wealth eroded by market moves
The long-awaited return of IPO activity this year minted 21 new billionaires, but what came after many companies’ eye-popping debuts was often a different story.
The long-awaited return of IPO activity this year minted 21 new billionaires, but what came after many companies’ eye-popping debuts was often a different story.
Among the total was a surge of “mega bankruptcies,” or filings by companies with more than $1 billion in assets, during the first half of 2025.
Boxcar Development LLC, a holding company for a group of investors led by the Simon family, plans to officially break ground on the $320 million hotel complex at Georgia and Pennsylvania streets next spring, but work to clear the former CSX building from the site and prep it for construction is well underway.
Three stories about properties owned by the late Jim Irsay, who owned the Indianapolis Colts, are among the 10 most-read stories this year.
The portfolio consists of 38 buildings in total with a healthy collective occupancy rate of 97.5%. Their value as renovated space is far greater than new construction, according to the seller.
The fair commission’s longtime executive director, Cindy Hoye, will step down in March.
Developers told members of the Noblesville City Council that Courtyards of Deer Creek would not be age-restricted, but it would be targeted toward people ages 55 and over.
Lewis previously served as president from 2012 to 2017. The council—which Democrats control 19-6—will make the decision official at the Jan. 5 council meeting.
IBJ’s Mickey Shuey discusses the logistics of being the home base for a World Cup team and what teams want. Plus, the lowdown on the push for a downtown Indy casino.
The celebration will begin on New Year’s Eve. The Washington Monument will be lit with “festive birthday lights to honor the start of this historic anniversary year,” Trump said.
Solar and storage accounted for 85% of the new power added to the grid in the first nine months of the Trump administration. Experts say that’s because demand is high and the technologies can be deployed quickly.
The nation’s largest retailer and private employer revamped its training program last year to increase its pipeline of maintenance technicians.
Multiple retailers, restaurants and other businesses recently opened or announced plans to open in the north suburbs of Indianapolis. Here’s a rundown.
The gift to the School of Construction Management Technology at Purdue Polytechnic Institute is expected to enhance the school’s offerings in both West Lafayette and Indianapolis.
In an open letter on the team’s website, CEO Kevin Warren said the Bears will expand its search for a stadium site to a larger region that will include Indiana.
In a sit-down interview with IBJ, Braun talked about the possible ramification’s of Indiana’s redistricting decision, how he plans to work with lawmakers moving forward and other priorities ahead of the remainder of the legislative session.
The acquisitions are within a stone’s throw of the family’s planned hotel and music venue project at the former CSX site.
INCOG, which now employs just more than 400 people in Fishers, plans to have nearly 1,000 people working at its 21-acre campus by 2030.
Jamal Smith of Indy Health District has a one-year progress report, including strategies that succeeded and situations where he needed to ask for grace and go back to the lab.
Construction is set to begin early next year on a $560 million project to send millions of gallons of water each day to Lebanon to meet the demands of the state’s 9,000-acre LEAP Research and Innovation District.