Youth services group names successor for longtime leader
AYS Inc. has chosen the second CEO in the not-for-profit’s 34-year history, the youth-services organization announced Tuesday.
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KAR Auction Services makes $30M acquisition
Carmel-based KAR Auction Services Inc., which released a solid quarterly earnings report Tuesday, acquired a 50-percent stake in Toronto-based Nth Gen Software Inc., which makes the TradeRev automotive remarketing system.
2013 Health Care Heroes: Maternal Fetal and Neonatal Services, St.Vincent Women’s Hospital
FINALIST: Community Achievement in Health Care
Companies seek equity in return for services to startups
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.
ITT Educational Services fears recruitment rules
New recruiter compensation rules adopted by the U.S. Department of Education could be one more thing that slows or even reverses the torrid growth of Carmel-based ITT Educational Services Inc.
MARCUS: Knowledge economy is not new
Few matters in life are clear and definitive. Sadly, we grow up learning that all can
or should be reduced (or elevated) to mathematical modeling. We have no courses or TV channels specializing in ambiguity,
no college major in uncertainty.Credit-market turmoil casts uncertainty over ITT Educational Services
ITT Educational Services Inc. and other for-profit schools are facing a maelstrom of financial threats that analysts say could
hurt student recruiting and profit margins–and already has driven stock prices down sharply. ITT shares are off 61 percent
since hitting an all-time high of $131.82 in November.ECONOMIC ANALYSIS: Financial services sector unfair in attacking Fed chief
The Federal Reserve’s Ben Bernanke has come under a lot of glib criticism from the financial-services sector. Generally, Wall Street types are unhappy because they think he should have addressed the subprime crisis with a greater sense of urgency. The truly bizarre rant by Jim Cramer on “Mad Money” has morphed into lower-level critiques of Bernanke’s experience and judgment appearing in columns and trade journals. But is this characterization fair or even correct? I think not, and here’s why. The…
ITT Educational Services rebounds from federal probe: With stock at 52-week high, company plans growth
After rebounding from a federal criminal probe that uncovered no wrongdoing, ITT Educational Services Inc. is proceeding with an ambitious growth plan in hopes of building upon a bullish earnings run. The U.S. Attorney’s Office in Houston, which led the investigation into whether the Carmel-based private provider of postsecondary degree programs had falsified student records, acknowledged in June that it did not turn up evidence justifying the charges. “It was very, very disruptive and very distracting to the organization,” ITT…
Auto firms steer clear of a trial: Automotive Finance Corp., Dealer Services settle suits, sidelining 12 employees
Vehicle auction giant Adesa Inc. and a firm founded by ex-employees have halted a demolition derby in which each alleged the other tried to wreck its competing vehicle finance business. Prominent in the settlement reached last week in Hamilton Superior Court between Adesa’s Automotive Finance Corp. and newcomer Dealer Services Corp.-both based in Carmel-is a requirement that a dozen DSC employees take paid leaves of absence ranging from two to six months. A u t o m o t ive…
Educating entrepreneurs: Women’s Business Center offers basics as well as individual counseling services
Joann Robinson was unhappy working in corporate America, so she started her own business, Balloons by Design, which delivers balloon bouquets and does on-site balloon decorations. The Indianapolis woman had been in business for about a year when she sought assistance in January from the new Central Indiana Women’s Business Center. Since then, with CIWBC help, Robinson has gone from having about 15 customers to about 50. Robinson is one of many women who have benefited from the services offered…
Phone-system expert answers entrepreneurial call: Via savvy marketing, she turned her knowledge of telecommunications into a thriving consulting business
When Barb Grothe said goodbye to her paycheck and job security 19 years ago, she was just a little scared and wondered, “Now what do I do?” She had office space for her new telecommunications consulting company, Telecom Resources, and 15 years of experience, but no clients. So she went about making herself known: she wrote articles for magazines, newspapers and journals (including IBJ) and scheduled speaking engagements. Almost each venture produced new clients, and Grothe was on her way….
Appnuity LLC: IT firm targets small businesses, not-for-profits Web-hosted services one of the company’s fastest-growing areas
Appnuity founders David Eckel and Mark Castelli started their information technology business in 1999 specifically to serve this client base. They provide a wide array of personal-computer network solutions, Web site application development, Web-hosted services and structured cabling, which is determining the type of cabling needed to support current and future technology needs. The partners’ skills complement each other. Eckel, 33, who is president and CEO, has experience as a network technician and sales consultant. Castelli, 34, is Appnuity’s vice…
Indiana Restoration Services Inc.: Disasters send firm into action Restoration helps get homes, businesses back to normal Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can
Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can wreak havoc on homes and businesses. Dealing with the aftermath-waterlogged furnishings, mold, structural damage and other devastation-is what Indiana Restoration Services does 24 hours a day, seven days a week. Co-owners Dan Hanlin and Darren Peck didn’t start out with a detailed business plan to run a disaster-recovery business with $3 million plus in annual revenue. “We got into the business by…
Tech firm adding coworking space as part of $27M refresh to former Marsh HQ
Knowledge Services Inc. acquired the five-story building at 9800 Crosspoint Boulevard—west of I-69 and north of 96th Street—in March 2020 for about $9 million.
Fishers deputy mayor to seek Bosma’s House seat
Leah McGrath, 42, had already announced plans to leave her role in city government for a private sector gig with Knowledge Services.
Indy IT firm planning to add up to 400 workers
Knowledge Services, founded by CEO Julie Bielawski in 1994, has been one of the city’s fastest-growing companies in recent years.
Local IT consultancy plans to add 200 jobs
Knowledge Services, an Indianapolis-based information technology firm, plans to lease additional office space on the city’s north-east side to make way for 200 more workers by 2015.
Construction
-Alt Construction has finished construction of a 4,408-square-foot Teddy’s Burger Joint at 2222 W. Southport Road.
-Alt Construction has finished construction of a 5,033-square-foot Jason’s Deli at 4026 E. 82nd St.
-Alt Construction has finished construction of a 3,750-square-foot Original Pancake House at Bridgewater Shoppes, 14631 North Gray Road, Noblesville.
-Alt Construction has been hired to build out a 12,000-square-foot space for Knowledge Services at 5875 Castle Creek Parkway. The project is scheduled to be completed next month.
Leasing/leasing contracts
-Keebler renewed its lease for 45,917 square feet at 7735 Winton Drive in Park 100. The tenant was represented by Andrew Morris, Jeremy Woods, Matt McGrady and Jon Shuel of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Knowledge Services leased 16,209 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The tenant was represented by Tim Norton and Cameron Kucic of Sumhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21856#mit Realty Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Gaylor Inc. leased 13,263 square feet at Castle Creek V, 5750 N. Castle Creek Parkway. The tenant was represented by Aasif Bade and Pat Chittenden of Ambrose Property Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Ji-Eun Music Academy leased 6,960 square feet of office space at 10029 E. 126th St., Fishers. The tenant was represented by Shelley Meisenhelder of Coregroup Corporate Real Estate Advisors. The landlord, Eiker Investments II LLC, was represented by Bennett M. Williams and John A. Crisp of Cassidy Turley.
-InSphere Insurance Solutions Inc. leased 4,502 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-The Trade Connection leased 3,400 square feet of showroom space at the Indiana Design Center, 200 S. Rangeline Road, Carmel. The landlord, Pedcor, and tenant represented themselves.
-Lather Hair leased 3,200 square feet at 7844 E. 96th St. in the North by Northeast Shopping Center, Fishers. The tenant was represented by Debra Browder of Browder Realty. The landlord, NNE Associates LLC, was represented by Robyn Smart and Shannon Hicks of CB Richard Ellis.
-dPict Imaging Inc. leased 3,156 square feet at 7400 Shadeland Station in the Shadeland Station Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate Services. The landlord, LA/Shadeland Station, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis
-Aegis Worldwide leased 2,452 square feet at 11550 N. Meridian St., Suite 250, in SePro Tower. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group.
-TCG Indianapolis renewed its lease for 2,368 square feet at 9325 Delegates Row in the Precedent Office Park. The tenant was represented by Kurt Kittner of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.-General Physics Corp. leased 2,353 square feet of office space at 550 Congressional Blvd., Carmel. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley. The tenant represented itself.
-ScheduleMyHair.com LLC leased 2,100 square feet at Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Paul Dick of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Art of Living Foundation leased 1,600 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Therapeutic Spa leased 1,200 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Reliable Personal Care Services leased 804 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Allstate/Bell Insurance leased 803 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.