Fort Harrison reuse plan approved
The Fort Harrison Reuse Authority won approval from the City of Lawrence last night for the final phase of a decade-long redevelopment of Fort Benjamin Harrison. The roughly 90-acre…
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A shopping center by any other name
I’ve got news on The Shoppes at Providence at Old Meridian, a new mixed-use project in Carmel. But first, a question: What’s the deal with the name? And second: What suggestions do you have for even more pretentious ones? How…
Acquisition costs hurt Adesa profit in first quarter
Costs associated with the April 20 acquisition of Adesa Inc. by a group of private equity funds caused first-quarter profit to rise only 3.9 percent, to $38 million, the Carmel-based auto auction reported late yesterday. Had it not been for the $2.4 million expense, earnings would have increased 11.3 percent. Kelso & Co., Goldman Sachs […]
BioStorage receives $8.3 million in venture capital
Indianapolis-based BioStorage Technologies Inc. said today it has raised $8.3 million in venture capital funding. Led by Radius Ventures of New York, other investors included Spring Mill Venture Partners of Carmel, Village Ventures of Williamstown, Mass., and Twilight Venture Partners of Indianapolis. BioStorage focuses on pharmaceuticals and other biomaterials, and recently expanded into Europe.
Hilbert auction at Sotheby’s yields $8.8M
Steve and Tomisue Hilbert’s furniture and housewares fetched $8.8 million Thursday in a Sotheby’s auction in New York. The total exceeded the estimated value of the Hilbert collection, which Sotheby’s estimated at $5 million to $7.7 million. The Hilberts are also scheduled to sell eight paintings on June 8, which could be worth more than […]
Sotheby’s to auction Hilbert art, antiques
Less than six months after settling a bitter lawsuit with Conseco Inc., Stephen and Tomisue Hilbert will auction off more than 100 pieces of art and antiques beginning this week at Sotheby’s in New York. The auctioneer values the Hilbert collection between $7 million and $11 million, according to a catalogue from the show. The […]
LA Fitness proposed for West Carmel
People on the northwest side could get another fitness option to go with a brand new Gold’s Gym that just opened near 86th Street and Michigan Road. A development fact sheet from…
Carmel to host CVS pharmacy in Art Deco style
The nation’s only CVS pharmacy to be build in the Art Deco style will be in The Village of West Clay in Carmel, the developer, Brenwick Development, said today. The 13,013-square-foot store is expected to open this fall.
ExactTarget, ChaCha, Quadraspec win Mira awards
This year’s TechPoint Mira Award winners included Indianapolis-based ExactTarget, ChaCha, of Carmel, and West Lafayette life science company Quadraspec Inc. The awards are given out annually by the not-for-profit to promote Indiana technology-based companies. This year’s winners, announced Friday, include: -Information Technology Company: ExactTarget, Indianapolis -Information Technology Gazelle Company: ChaCha, Carmel -Health & Life Sciences […]
Techpoint honors Indiana companies, educators: Judges narrow 80 nominees to 13 Mira winners
This year’s recipients of Techpoint’s Mira awards include some of the area’s best-known technology startups as well as lower-profile firms that have racked up big achievements. On May 18, the technology trade group was scheduled to acknowledge the accomplishments of Hoosier entrepreneurs in information technology, life sciences, advanced manufacturing and education with its eighth annual gala at the Indiana Roof Ballroom downtown. “It’s always good to recognize companies and give them a pat on the back, put them on the…
Giuliani leads race for Indiana donations
Campaign finance records through the first quarter of 2007 show Rudy Giuliani, the former New York mayor, has raised $176,950
in Indiana. That’s more than twice as much as one-time Massachusetts governor Mitt Romney, his closest Republican rival.Gigerich firm makes spate of hires after staff exodus:
Carmel-based consulting firm Ginovus LLC-which lost five professionals on May 11 to a new economic development practice started by the Indianapolis law firm Bingham McHale-has bounced back by hiring three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law firm that hosts Ginovus. Jill Beckman was hired as director of operations. Beckman’s background is in accounting, most recently at Butler Uni versity. Denise Settlemyre…
Ex-execs return to Adesa
Less than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett
is back behind the wheel of the nation’s No. 2 wholesale vehicle-auction company.Cochran to head IUPUI business school
Philip Cochran has been named to replace Roger Schmenner as head of Indiana University’s business school at IUPUI. Schmenner, who led the program for nine years, will remain on the faculty and help IUPUI Chancellor Charles Bantz with special projects. As associate dean for the school, Cochran, a professor of business management and philanthropic studies, […]
UPDATE: Ginovus combats exodus with new hires
Ginovus LLC, the Carmel consulting firm that lost five professionals on Friday to a new economic development practice started by the Indianapolis law firm Bingham McHale, has hired three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined yesterday as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law […]
Marcadia Biotech lands $15M in venture funding
Carmel drug developer Marcadia Biotech has received a $15 million venture capital investment from Frazier Healthcare Ventures of Seattle and locally based Twilight Venture Partners. The funding will help Marcadia develop projects including a glucagon analog for emergency treatment of hypoglycemia, the company announced today. Marcadia, which is led by former senior executives of Eli Lilly […]
Bingham McHale sweeps Ginovus of talent
The Indianapolis law firm Bingham McHale has started an economic development practice with professionals who left the Carmel consulting firm Ginovus LLC. Leaving Ginovus late last week were Jay Walters, Jenny Massey, Suzanne Davis, Linda Williamson and Sara McGoun, according to an economic development professional familiar with the departures. Another Ginovus associate, Sue Scott, left […]
What’s ailing Indiana’s banks?: State-based bank stocks are trailing national peers as industry deals with tough period
Indiana bank stocks have taken a beating on Wall Street over the past year, lagging behind larger peers as the entire industry rides out an unfavorable environment. Shares of Indiana’s 16 publicly traded banks dropped an average of 3 percent from May 4, 2006, to May 4, 2007, according to research by Carmel-based banking consulting firm Renninger & Associates LLC. Meanwhile, the nationwide SNL Financial bank index was up 4.4 percent. During the same period, the Dow Jones industrial average…
Back from key conference, leaders focus on follow-up: Life science delegation faced big task: standing out among 20,000 attendees
The Indiana Economic Development Corp. spent the last six months preparing for the May 6-9 Biotechnology Industry Organization convention, the life sciences industry’s biggest annual event. Now that it’s finished, the hard part begins. “You build the relationship and you get the contacts,” said Indiana Secretary of Commerce Nathan Feltman. “But then you’ve got to aggressively follow up to get them here in Indiana.” More than 20,000 of the life sciences sector’s movers and shakers converged in Boston for the…
VOICES FROM THE INDUSTRY: Investors would be wise to avoid these four traps
Advice on investing is a lot like advice on caring for a newborn-there’s no shortage of it around and everyone believes they have just the right answer. Eventually, parents learn that they must sort through all the help offered by TV shows, books, magazines, Web sites, and even friends and relatives, to find the tips that work best for their baby. The same thing can be said for investors. Being successful requires tuning out all the noise and knowing what…