Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
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Newfields receives $10M grant to upgrade 100 Acres park
The grant from the Indianapolis-based Richard M. Fairbanks Foundation is designated to improve infrastructure such as bike paths and walking trails, add parking and bathrooms, and create an endowment for maintenance and new art commissions.
Cunningham Restaurant Group to open Rize restaurant at The Yard in Fishers
The second location of Rize will have twice the space as the original Rize at Ironworks Hotel in Indianapolis.
Lilly to introduce generic version of insulin at half off Humalog’s list price
The move comes at a time drug makers, especially those that make insulin, are facing withering criticism for raising prices.
IPS pushes back on plan to convert Howe, Manual into charter schools
The district does not support the charter recommendation and is requesting the state board of education delay its decision by a month.
WGU Indiana appoints new chancellor
Alison Bell succeeds Allison Barber, who had been chancellor of WGU Indiana from 2010 until May.
$50M HHGregg suit attacks insiders for accepting customer deposits to very end
The suit charges that accepting the deposits at a time HHGregg’s tailspin cast doubt on its ability to provide the merchandise saddled the company “with tens of millions of dollars in unwarranted and unnecessary liabilities and recklessly caused the permanent destruction of the company’s value as a going concern.”
Indy Eleven’s race to join Major League Soccer must clear many hurdles
Legislation passed by the Indiana Senate makes money for a soccer stadium available only if the city gains a Major League Soccer franchise—but that same legislation could make it more likely the MLS gives it a team.
Fans of late champion cyclist Major Taylor say it’s time for city to embrace icon
The African-American cyclist—who took the world by storm at the turn of the 20th century is finally receiving the national admiration he never garnered while alive.
Upgrades by city, Indiana Repertory Theatre boost future of iconic building
The Indiana Theatre building, which opened in 1927 as a movie palace topped with a ballroom, had been in need of TLC for years.
State legislator hopes to get traction for bills on I-65/I-70, light rail
One of the bills would restrict changes that could be made to the Interstate 65/Interstate 70 inner loop around downtown. Another would remove the ban on light-rail projects in Indianapolis.
Restaurateur pulling plug on Hard Rock Cafe downtown
When the location opened in 1999, Hard Rock was still considered a fashionable brand and a good get for a downtown in the midst of a renaissance powered in part by Circle Centre mall.
Promising Lilly cancer drug fails in disappointing trial, shares fall 3 percent
Analysts had predicted that Lartruvo could eventually ring up as much as $600 million in annual sales. Eli Lilly and Co. now says it will suspend promotion of the drug.
ClearObject CEO: ‘If cash is oxygen, we just strapped on a big oxygen tank’
The fast-growing firm in the ‘internet of things’ segment has taken on new majority owners for access to more capital and to keep up in the fast-moving industry.
Indiana unemployment holds steady at 3.6 percent
Private sector employment in Indiana grew by 12,200 in December with significant gains in education and health services, construction and hospitality.
Tesla to cut more than 3,000 jobs on tight road to making affordable car
The maker of luxury electric vehicles plans to ax 7 percent of its workforce as it tries to lower prices and break out of the niche-car market.
Political upstarts like Indiana’s Buttigieg getting serious look in age of Trump
South Bend Mayor Pete Buttigieg is barely old enough to run for president, but he and other young potential candidates are finding encouragement at a time when conventional election wisdom has been upended.
Study of IPS shows new innovation schools might be bright spot
In the first major look at the results for innovation schools in IPS—a new kind of district-charter partnership—there are some positive signs but still some unanswered questions.
Broadcaster Taylor promoted to permanent ‘Voice of the Colts’
Taylor, who has been with the Indianapolis Colts in various roles since 2012, moved into the play-by-play spot on radio broadcasts last season after the abrupt retirement of Bob Lamey.
Private equity firms acquire Fishers tech company in ‘internet of things’
Egis Capital Partners and ABS Capital Partners have taken a majority interest in ClearObject, which has ranked among central Indiana’s fast-growing firms for several years.