Zotec Partners plans $200 million acquisition
Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.
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CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
Buffett says coal’s decline in U.S. to be gradual, yet permanent
Coal use in the United States will continue to fall, though the slide will be gradual as electric utilities switch to cleaner alternatives over “years and years,” billionaire Warren Buffett said at an event in Carmel this week.
Software firm finds beer business is a frothy market
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
SMALL BUSINESS
A bipartisan group of lawmakers formed to address the needs of small businesses will conduct a series of meetings across the state in August and September. The Small Business Caucus wants to meet business owners and discuss what government can do to help their operations grow. Caucus co-chairs are Reps. Terri Austin, D-Anderson, and Tom […]
Shares rise after ITT halts 3-year swoon in new students
The Carmel-based operator of for-profit colleges signed up 16,883 new students in the quarter ended June 30, a 7.5-percent increase from the same period last year.
Indiana tourism spending is fraction of nearby states’
As Indiana slashed its tourism budget, Michigan increased its widespread Pure Michigan ad campaign from $17 million to $27.4 million. Illinois, where budget problems have earned the state the nation’s worst credit rating—A3 by Moody’s Investors Service—spends more than twice as much as Michigan.
Firefighters battle Carmel blaze
Carmel firefighters took about an hour to contain a large house fire that broke out Wednesday shortly before 6 a.m. in the 500 block of E. 111th St. The homeowner escaped without injury after smoke alarms sounded. Damage to the home, which was on the market for about $700,000, was estimated at $300,000. The fire started near the patio area, where the homeowner had been grilling Tuesday night.
Roundup: Zaxby’s heads north, sushi in Carmel, pizza in Fishers
Chicken chain Zaxby’s spring sponsorship deals with the sports programs at IU and Purdue now make more sense: Central Indiana is slated to get its first location later this year. Plus more retail news.
Will retail follow rooftops in Village of WestClay?
If the “retail follows rooftops” real estate mantra is true, The Village of WestClay may soon see the commercial development its founders envisioned more than a decade ago.
Buffett joins opening ceremony for Geico center
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.
IPO for giant retail REIT may be biggest since Simon
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.
Leases/leasing contracts
-Solutions 2 Go LLC leased 190,872 square feet of industrial space at 7900 Rockville Road. The tenant was represented by Tom Cooler of CBRE. The landlord, Equity Industrial A Rockville LLC, was represented by Luke Wessel and Todd Vannatta of Cassidy Turley.
-Emser Tile leased 20,026 square feet of industrial space at 8700 Roberts Drive, Fishers. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Meritex, was represented by Brian Buschuk of Jones Lang LaSalle.
-Mont Granite leased 18,670 square feet of industrial space at 5945 W. 84th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Meritex, was represented by Brian Buschuk and Brian Seitz of Jones Lang LaSalle.
-Guardian Pharmacy leased 12,828 square feet of industrial space at 6520-6546 Corporate Drive. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-The Consultant's Consortium Inc. renewed its lease for 9,074 square feet of office space at 1099 N. Meridian St. The tenant was represented by Brooke Sipe of Alliance Commercial Group. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Junk Dawgs leased 8,740 square feet of industrial space at 4333 W. 71st St. The tenant was represented by Leslie Bonaker of CRESA Partners. The landlord, Home Acres Building Supply Co. Inc., was represented by Bill Brennan of Lee & Associates.
-Ruoff Mortgage Company Inc. leased 7,475 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Equus Capital Partners Ltd., was represented by Abby Cooper Zito and John Robinson of Jones Lang LaSalle.
-Northwestern Mutual leased 6,464 square feet of office space at 965 Emerson Parkway, Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Allen Commercial Group, was represented by Greg Allen of Allen Commercial Group.
-Indiana State Department of Workforce Development leased 5,000 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Denice Michel of Jones Lang LaSalle. The landlord, Orton Development Inc., was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Invoke Wellness Center LLC leased 3,163 square feet of retail space in Greenbriar Shopping Center,1315 W. 86th St. The tenant was represented by Bill Ehret and Nancy Gibbs of Summit Realty Group. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates.
-Terra Limited leased 2,385 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, 11711 North College LLC, was represented by Kimberly Hartman of Colliers International.
-Select Physical Therapy Holdings Inc. renewed its lease for 2,119 square feet of office space at 9011 N. Meridian St. The landlord, Cassidy Turley as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Elser Financial leased 1,363 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Advanced Surgery of Indiana LLC leased 1,200 square feet of office space at 6470 N. Shadeland Ave. The tenant and landlord, Larry H. Fujinaka II LLC, were represented by Bob Lindgren of Lee & Associates.
-Edward Jones renewed its lease for 1,000 square feet of office space in Murphy’s Landing Professional Building, 6925 S. Harding St. The tenant was represented by Marge Browning of Cassidy Turley. The landlord, The Copeland Family 1995 Living Trust, was represented by Cathy Richards of Lee & Associates.
Mighty Oxford Financial loses big case with client
An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.
Basketball history magazine full of fun facts and features
I leaf through the pages, uncovering gems, some that I’d forgotten and some that I never knew, even though I’m a lifelong Hoosier.
Emmis sees coupons as next frontier for radio apps
An app that would allow smartphones to receive FM radio signals like a transistor radio has been hailed as a way to help stations recapture listeners who fled to Web-based music streaming services.
Will residential boom end commercial bust in West Clay?
Residential construction is booming in The Village of West Clay, the already-sprawling Carmel development designed to mimic small-town life at the turn of the (last) century. But not everything has gone according to Brenwick Development’s ambitious plans. Two commercial nodes remain largely undeveloped, and one property owner’s legal woes led to several high-profile vacancies that have yet to be filled.
State adds jobs in manufacturing, but unemployment rate ticks up
Most of the job growth came from the manufacturing sector, which expanded by 4,300 jobs over the month, marking the largest one-month jump in manufacturing since August 2004.
Specialty grocer on wish list for MSA development
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
Roundup: Thirsty Scholar opening at 16th and Penn
The coffee, beer and wine bar in the Penn Arts building is expected to open next week. Other restaurant and bar openings are set for Mass Ave, along with an Italian chain coming to River Crossing.