Simon agrees to buy rival Taubman Centers for $3.6 billion
The deal sends a resounding message that Simon remains a devout believer in retail real estate, even as the rise of e-commerce has knocked the sector out of favor across the globe.
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IBJ Podcast: Hamilton County emerges as player in hemp industry
IBJ reporter Kurt Christian talks with host Mason King about what some are calling a “green rush,” which follows a 2018 federal law that removed marijuana’s non-psychoactive cousin from the Controlled Substances Act.
Indiana’s school choice voucher program growing statewide
The program has been growing since its inception in 2011, when it was limited to 7,500 students. Last year, 36,290 students around the state utilized vouchers to attend private schools.
Amish Acres tourist site to continue operation after auction
The new owners of Amish Acres’ tourism-related components said they plan to continue using the facilities to host stage events as well as an annual arts and crafts festival but will likely make some changes.
After 20 years, Knight lets bygones be bygones in Assembly Hall
When Bob Knight walked through the tunnel Saturday and onto his old court for the first time since his firing in September 2000, the crowd went wild — chanting his name, roaring with approval and thanking him for all the success and banners he brought to Bloomington.
Purdue gets $5.9M contract to develop Mach 8 wind tunnel
Purdue, which is already home to one of only two working Mach 6 quiet wind tunnels in the U.S., will collaborate with the University of Notre Dame to develop the Mach 8.
Switch in IPS bus providers to cost jobs of drivers, attendants
Indianapolis Public Schools will part ways with its current student transportation provider in June to work with a new contractor in a move affecting more than 500 drivers and attendants.
Barnes & Thornburg partner Mackey faces discipline hearing over relationship with former client’s then-wife
The Indiana Supreme Court Disciplinary Commission has filed a complaint against Larry Mackey, a titan in the Indianapolis law community and a former federal prosecutor. It alleges he had a romantic relationship with a woman while representing her husband in a high-profile fraud case.
Children’s Museum prepares to invest millions on new programs, exhibits, upgrades
Three temporary exhibits will open this year, and a handful of existing spaces will receive substantial upgrades—including the popular Dinosphere space.
Merritt shifts focus to poverty after mayoral run
Sen. Jim Merritt says his run last year for Indianapolis mayor has made him a better senator—one who’s more in touch with his constituents and who has seen the city’s poverty and crime problems firsthand.
Hamilton County key to hemp supply chain
Hemp-processing companies are investing millions of dollars into refineries across Hamilton County to close a gap in the state’s CBD supply chain.
Startup’s solution to back pain gaining traction with auto industry
Comfort Motion Global has five patents on a software-based system that uses algorithms to make periodic micro adjustments to automobile seats.
Indianapolis-based Sensory Technologies acquired by global firm
Sensory Technologies, which has about 170 employees, had been in acquisition mode itself in recent years. Now it becomes part of a firm with 2,500 employees operating out of about 50 locations worldwide.
New pro football league targeting states with sports wagering
The XFL is baking sports betting into its operations as a crucial part of the recipe. Indiana is one of at least nine state where gambling regulators have approved wagering on XFL games.
By avoiding primary, Myers can focus on November gubernatorial election
Dr. Woody Myers’ newly cleared path to the Democratic nomination is a bonus for the Indiana Democratic Party, which will face an uphill battle if it’s going to seriously challenge Republican Gov. Eric Holcomb.
High water wreaks havoc on Great Lakes, swamping communities
Climate change is believed to influence water temperatures and precipitation, which wage a constant tug-of-war with lake levels. Increasingly, the highs are higher and the lows lower — and the variations happen faster.
U.S. economy added 225,000 jobs in January as more people entered market
But revisions to reported job growth in 2018 and 2019 show that the government overcounted by about half a million jobs.
Global scale-up accelerator expanding presence in Indy
Endeavor, which helps companies access talent and capital but takes no equity, is hunting for six to eight companies for its second Midwest cohort, an eight-month mentoring program which begins April 23. Endeavor officials want at least of those companies to come from central Indiana.
Greenwood planning $8M athletics campus along Interstate 65
The unnamed project—still in its early planning stages—could include a multi-use playing field, eight ball diamonds and a splash pad on 40 acres on the city’s southeast side.
Buttigieg gains backing from Indianapolis mayor
Mayor Joe Hogsett told a few dozen Pete Buttigieg supporters that the presidential candidate has shown an ability to work across party lines and “represents the best of what makes America work.”