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.
Convention center is sparking optimism, Schahet says, but overall market is still soft.
Charity event scheduled for July 31 is postponed again as complaints against New Century Publishing mount.
Riley Children’s Foundation received a $1.5 million pledge from the Jeff Gordon Children’s Foundation
to create a cancer research fund. The gift will create a $1 million endowment to fund collaborative research at Riley
Hospital for Children and the Wells Center for Pediatric Research at the Indiana University School of Medicine.
The remaining $500,000 will address immediate research needs at Riley hospital.
Indiana Spine Group will break ground on a 60,000-square-foot facility in Carmel on Aug. 2. The Indianapolis-based
physician practice says it will be able to provide care for any spinal disorder at the center. Located just south of the St.
Vincent Carmel Hospital, the facility will open in the fall of 2011. Indiana Spine Group will relocate its practice, which
is currently near St. Vincent Indianapolis Hospital.
Eli Lilly and Co.’s profits spiked 16 percent in the second quarter to $1.3 billion, or $1.22 per
share, handily beating expectations of Wall Street analysts. Revenue at the Indianapolis-based drugmaker rose 9 percent to
$5.7 billion in the quarter. The company raised its year-end profit forecast by a dime a share, to a range of $4.50 to $4.65,
excluding special items.
Zimmer Holdings Inc. also topped Wall Street expectations for second-quarter profit. The Warsaw-based maker
of orthopedic implants turned a profit of $165.5 million, or 82 cents per share. But it spent $86.5 million on legal claims
and an acquisition. Excluding those costs and special tax savings, the company would have earned $221.2 million, or $1.09
per share—four cents above analysts’ expectations, according to Thomson Reuters. Sales rose 3 percent to $1.06
billion.
-Jones Lang LaSalle has been named exclusive leasing and management agent for Meridian Corporate Plaza One and Two, at 301 and 401 Pennsylvania Parkway, by Inland American Real Estate Investment Trust. The 66,000-square-foot Meridian Corporate Plaza One is vacant. The other building, at 135,500 square feet, is 96-percent leased. John Robinson and Adam Broderick will oversee leasing and Jeff Reynolds will oversee management of the buildings.
-Earnest Machine leased 89,719 square feet at 5130 West 76th St. The tenant was represented by Dustin Looper of Colliers International. The landlord, Duke Realty, represented itself.
-Durham School Services leased 24,000 square feet and eight acres at 1777 S. Belmont Ave. The tenant was represented by Mark Stephenson of Sigma Group. The landlord, Belmont Terminal Inc., represented itself.
-Coinmach Inc. renewed its lease for 20,000 square feet at 2450 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Mark Stephenson of Sigma Group. The tenant was represented by Latt Purser & Associates of North Carolina.
-Durham School Services leased 9,600 square feet and six acres at 2525 N. Shadeland Ave. The tenant was represented by Mark Stephenson of Sigma Group. The landlord, Western Select Properties LP, was represented by Greg Folz and Michael Weishaar of Cassidy Turley.
-Cellular Connection leased 4,235 square feet at Greenwood Springs, 1133 N. Emerson Ave., Greenwood. The tenant was represented by Jamison Downs of Sandor. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate.
-Infinias LLC leased 4,098 square feet at 857 W. Carmel Drive in the Carmel Tech Center. The tenant was represented by Thomas Willey of Mathewson Willey Realty Advisors. The landlord, Atapco Properties, was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.
-Wha-Laa Coupons LLC leased 3,000 square feet at 5155 N. Shadeland Ave., Suite 200. The tenant and landlord, JMMC LLC, were represented by Keith Dedrick of Corporate Commercial Group.
-Traders Point Creamery leased 1,800 square feet at Park 100 Industrial Center, Building 30. The tenant was represented by Ross Reller of Colliers International. The landlord, Prologis, represented itself.
-Madame Royale LLC leased 1,750 square feet at Southport Pavilion, 5325 E. Southport Road. The landlord, Southport Pavilion LLC, was represented by Donna Hovey and Shannon Hicks of CB Richard Ellis. The tenant represented itself.
-tHAIRAPY Hair Salon leased 1,600 square feet at 5537 E. Washington St. The landlord, 5535 E. Washington Associates, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-Roll With It Bakery LLC, leased 1,600 square feet at 5539 E. Washington St. The landlord, 5535 E. Washington Associates, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-3 Angel’s Haircare & Beauty Supply leased 1,400 square feet at Shadeland Corner Shopping Center, 4554 N. Shadeland Ave. Keith Kleinmaier of Retail Realty represented the landlord, Shadeland Center LLC. The tenant represented itself.
-Estetica Adela’s leased 1,200 square feet at Plaza Las Palmas, 3350 N. High School Road. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Pentak LLC, was represented by Keith Kleinmaier of Retail Realty.
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify
their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
Among the four eateries on the way, two are local ventures and two are chains.
At Blue Moon Cafe, the difficult-to-resist pastry case is right inside the front door.
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
Todd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds.
His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly
$295,000 in restitution.
