Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath new life into a building that had served the Martindale-Brightwood community for 81 years. Central Indiana Community Foundation is spearheading the plan to transform the 52,000-square-foot former school into a community center. Construction is scheduled to begin in […]
Evolve, which offers bundled voice and data services to commercial customers, will start with 100 employees in Carmel and
plans to add more.
Robert E. Christman has started Bridge Real Estate Advisors Inc. at 600 E. Carmel Drive, Suite 269, Carmel. The firm will work with residential buyers and sellers in Hamilton, Marion and Boone counties and with commercial clients in the acquisition, disposition and leasing of office and light industrial flex space.
Knicks President Donnie Walsh wanted to hire Chris Mullins as general manager. Instead his boss stuck him with a man who has
been a disaster on numerous levels of professional basketball management.
The IHSAA announced Friday that Bobby Cox would replace Blake Ress as commissioner in February when Ress retires after 10-1/2
years in the position.
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released
last month by the National Automobile Dealers Association.
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath
new life into a building that served the Martindale-Brightwood community for 81 years.
Acquisitions situate banks to seek market share in Indianapolis.
Aug. 5-7
Indianapolis Civic Theatre
We’re not gonna pay/we’re not gonna pay/we’re not gonna pay … a set designer.
Indianapolis Civic Theatre adds a summer offering to its season-before-moving-to-Carmel with this concert version of Jonathan
Larson’s pop opera “Rent.” Participants in this script-in-hand/orchestra-on-stage production include Angela
Manlove as Maureen. Details here.
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported
in the same quarter of 2009.
The company earned $28.6 million, or 21 cents per share, compared with $12.8 million, or 12 cents per share, in the year-ago period. Total revenue increased 7 percent, to $470 million.
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share.
Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
-Indiana Math and Science Academy North leased 37,000 square feet at 7435 N. Keystone Ave. The tenant and landlord, ELEF Inc., were represented by Antone Najem of Pittman Real Estate Services LLC.
-Tuesday Morning renewed its lease for 15,034 square feet at Crooked Creek Center, 7840 Michigan Road. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Crooked Creek Center, was represented by Lee White of CB Richard Ellis.
-Northwestern Mutual Life Insurance Co. leased 9,836 square feet of office space at Four Parkwood Crossing, 500 E. 96th St. The tenant was represented by Tom Osborne and Matt Moore of Colliers International. The landlord, Duke Realty, represented itself.
-Citon Insurance leased 5,756 square feet of office space at 450 E. 96th St. The tenant was represented by Dustin Looper and Yumi Prater of Colliers International. The landlord, Duke Realty, represented itself.
-Apria Healthcare leased 5,400 square feet of flex space at 8446 Moller Road. The tenant was represented by Dustin Looper of Colliers International. The landlord, Duke Realty, represented itself.
-Duratech and Fast Track Technologies leased 4,000 square feet at 598 W. Carmel Drive, Carmel. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, John Kirby, represented himself.
-Pizza King renewed its lease for 3,350 square feet at Harbourtown Shoppe’s at Morse Lake, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.
-Church Mutual Insurance. renewed its lease for 2,177 square feet at 2647 Waterfront Parkway East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Olympus Media renewed its lease for 1,758 square feet at 8604 Allisonville Road. The tenant was represented by Mike Corr of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Sport Clips leased 1,600 square feet at Plainfield Commons II, Plainfield. The tenant was represented by Jeff Hubley at Midland Atlantic. The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development.
-The Gabriel Project Inc. leased 466 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
