News & Analysis

OfficeWorks acquires competitor’s local operations

January 7, 2011
Fishers-based furniture dealer and office space designer is purchasing the assets of Columbus, Ohio-based Continental Office Environment's Indianapolis location on East 33rd Street. Both companies are Herman Miller dealers.
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Shareholders approve FinishMaster deal

January 7, 2011
 IBJ Staff
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
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Roche aims to prevent bidding war for software firm

January 7, 2011
J.K. Wall
The Swiss company, which operates its North American business out of Indianapolis, filed a lawsuit late last month against Virginia-based Medical Automation Systems Inc. for breaching the purchase agreement the companies signed back in October.
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Simon target's valuation 'out of reach' for Indianapolis firm

January 7, 2011
Bloomberg News
Capital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
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HHGregg shares slide on lower earnings outlook

January 6, 2011
 IBJ Staff and Associated Press
The Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
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Report: Local apartment market strong in 2010

January 6, 2011
Scott Olson
Occupancy in the Indianapolis metro area grew last year to 90.8 percent, according to the latest annual market report compiled by apartment brokerage Tikijian Associates. The downtown market, in particular, boasted strong numbers.
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More unemployment claims filed nationally last week

January 6, 2011
Associated Press
The U.S. Labor Department says applications for unemployment aid rose by 18,000 to a seasonally adjusted 409,000 in the week ending Jan. 1. Applications fell to 391,000 in the previous week, the lowest point since July 2008.
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Salvation Army fundraising falls short; service cuts likely

January 6, 2011
 IBJ Staff
The bell ringers and their red kettles have disappeared for another year, but Salvation Army of Indiana still is nearly $500,000 short of its holiday fundraising goal—putting programs in jeopardy.
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New Indiana members of Congress settle in to roles

January 5, 2011
Associated Press
Four new Republicans began representing the state in the U.S. House on Wednesday as the 112th Congress began.
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Super Bowl organizers not concerned about lockout

January 5, 2011
Associated Press
Host committee chairman Mark Miles said he believes the city would get another Super Bowl even if an NFL labor stoppage canceled the game.
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D-A Lubricant moving from Indianapolis to Lebanon

January 5, 2011
Scott Olson
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
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IndyCar deal creates series-branded insurance plan

January 5, 2011
Anthony Schoettle
Open-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
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Grant to help Gleaners distribute more perishables

January 5, 2011
Kathleen McLaughlin
Gleaners Food Bank plans to buy a refrigerated truck to supply more fresh produce, dairy and meat to central Indiana pantries, thanks to a $50,000 grant from Kraft Foods.
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Spending data show strong December sales

January 5, 2011
Associated Press
Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, according to data released Wednesday.
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New doc lifts Community breast biz

January 5, 2011
J.K. Wall
Community Health Network wooed Dr. Robert J. Goulet Jr. to join its breast-surgery team from the Indiana University Simon Cancer Center. The move fits nicely with Community’s focus on breast-care services and the economics of health care.
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Latest iPhone app: Baby EKG

January 5, 2011
J.K. Wall
Mobile medicine has arrived. Decatur County Memorial Hospital in Greensburg became the first hospital in Indiana to start using AirStrip OB, a patient-monitoring system that sends things like the heartbeat waves of patients directly to physicians’ iPhones, BlackBerrys or other mobile devices.
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Marsh in Shelbyville among latest stores to close

January 5, 2011
Scott Olson
The supermarket chain has closed a store in Rushville and will shut others in Shelbyville and Connersville by the end of February. The closures will leave Marsh with 97 stores, about half of which are in Indianapolis.
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Lilly bumped up federal lobbying in third quarter

January 4, 2011
Associated Press
The Indianapolis-based drugmaker spent $2.1 million in the three months that ended Sept. 30, a 5-percent increase from the same quarter last year and a jump of more than 30 percent from the $1.6 million it spent in this year's second quarter.
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Schools chief, union head recruit mentors for children

January 4, 2011
Associated Press
State school superintendent Tony Bennett, a Republican, and the leader of Indiana's largest teachers union made a rare joint appearance Tuesday to promote a mentoring program.
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Brightpoint expansion includes three buildings

January 4, 2011
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
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UPDATE: Convention leaders prepare for business without Welsh

January 4, 2011
Anthony Schoettle
Don Welsh was seen as a revolutionary force as CEO of the Indianapolis Convention & Visitors Association. Now he may be one of its biggest competitors as he takes the top job in Chicago.
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Law firm launches economic development consultancy

January 4, 2011
Scott Olson
Barnes & Thornburg aligns with new venture BT ProjectPoint LLC to provide clients economic development and project-financing consulting services.
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Daniels wins award for fiscal responsibility

January 4, 2011
Associated Press
The first ever "Fiscy Awards" will be presented this week to Indiana Gov. Mitch Daniels, Democratic Sen. Kent Conrad of North Dakota and Republican Rep. Paul Ryan of Wisconsin.
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Local office market continues vacancy struggles

January 4, 2011
 IBJ Staff
The Indianapolis office market suffered through a tough 2010, marked by stagnant and high downtown vacancy rates, falling suburban occupancy rates and another year without construction activity.
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Commercial real estate will continue its climb back in 2011

January 4, 2011
Tom Harton
Medical office likely will be the strongest sector, followed by apartments.
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