A number of flights to and from Indianapolis have been canceled because of Hurricane Irene. About 20 flights coming and going from airports like Newark, Philadelphia, Boston, Washington and New York were canceled Monday. That number is down from Sunday, when about 60 flights were canceled. Millions of people on the East Coast are still without power after the weekend storm, which left at least 21 people dead.
Indianapolis has a rich history of turning challenging redevelopment projects into local success stories, and I have no doubt the GM Stamping Plant will become part of that history as officials determine the best uses for the expansive site near downtown.
The schools, which help high-school dropouts earn their diplomas and start to receive post-secondary training, plan to enroll 300 students near the Indiana State Fairgrounds and 150 near the airport.
-BCS Inc. leased 40,000 square feet at the Airport Business Center, 3830 Hanna Circle. The tenant was represented by Bud Green of ReMax Centerstone. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.
-Vincennes University leased 30,162 square feet of industrial space at 853 S. Columbia Road, Plainfield. The tenant was represented by John Hanley of CB Richard Ellis. The landlord, Indy 40 Building LLC, was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services.
-Furniture for Less leased 23,036 square feet at Castleton Square Pavilion, 5729 E. 86th St. The landlord, Castleton Square Pavilion LLC, was represented by Jeff Hubley and Pat Boyle of Midland Atlantic. The tenant represented itself.
-Broad Ripple Heating & Air Conditioning LLC leased 12,800 square feet at the Northwest Business Park, 8227 Northwest Blvd. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Bianco Properties, was represented by Chris Black and Greg Witkowski of CB Richard Ellis.
-Delivra subleased 9,400 square feet of office space at 9365 Counselors Row. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The sublessor, BSA LifeStructures, was represented by Sam Smith of Colliers International.
-Chicago’s Pizza leased 4,142 square feet at Greenwood Plaza, 1280 U.S. Highway 31 North, Suite A, Greenwood. The tenant was represented by Mark Dietel of Royal Companies Inc. The landlord, Jones Family Investments, was represented by Kyle Hughes of Veritas Realty.
-Furniture Outfitters leased 3,810 square feet at Castleton Square Pavilion, 5729 E. 86th St. The landlord, Castleton Square Pavilion LLC, was represented by Jeff Hubley and Pat Boyle of Midland Atlantic. The tenant represented itself.
-Service Experts Heating & Air Conditioning leased 3,000 square feet at Park Fletcher Business Park, 2643 Rand Road. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, CW Capital, was represented by Chris Black of CB Richard Ellis.
-Glidden Paints leased 2,975 square feet at Greenwood Plaza, 1280 U.S. 31 North, Greenwood. The tenant was represented by Bryan Chandler of Eclipse Real Estate. The landlord, Jones Family Investments, was represented by Kyle Hughes of Veritas Realty.
-My Toy Garden LLC leased 2,257 square feet of retail space at Carmel Retail Court, 301 E. Carmel Drive, Carmel. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-RDhillon Corp. leased 2,000 square feet of retail space at 7460 Rockville Road. The landlord, Indiana Real Estate Services LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Carmel Family Optometry PC leased 1,443 square feet of medical space at Boardwalk Shoppes, 726 Adams St., Carmel. The tenant was represented by Dan Irish of ERA Real Estate. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
If you’ve ever dealt with the local courts, you know that nothing is particularly easy to find or logically laid out.
An innovative private financing deal struck last year to expand Denver’s rail transit system could be used to expedite construction of the first line in central Indiana.
Owners and operators of Indianapolis meeting venues are in the midst of a high-stakes game of musical chairs. The winners will land the biggest parties and events affiliated with Super Bowl XLVI.
The defense contractor notified state officials on Monday that the job cuts are a result of its decision to relocate the HR Access and Transportation Worker Identification Credentials programs.
A central Indiana water tower that once served as a local landmark for residents is being targeted for demolition because officials say it poses a safety hazard to a nearby airport.
The owner of the hotel and water park said a sale should be complete on Sept. 12. If the acquisition falls through, however, it will close the property on Oct. 9, putting 206 employees out of work.
The removal of James Wille Faust’s airport “Chrysalis” raises questions of public art’s permanency.
A Los Angeles judge on Friday tentatively ruled against Indiana Pacers owner Herb Simon and his wife in the beginning phase of a wrongful dismissal trial involving the nanny that they fired.
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
Company that recently moved from Carmel to Indianapolis extends its market to 29 states.
Safe, traditional options won’t work here; we have to get aggressive.
The wife of Indiana Pacers owner Herb Simon testified Tuesday that she knew nothing about violence in the past of a nanny who worked for her and said she would not have hired her if she had known.
The Indianapolis-based company said it spent nearly $227 million on aircraft fuel in the quarter, compared with $161 million in the same period a year earlier.
This month, we recognize the power players who built this city, from the new airport to Lucas Oil Stadium to the Palladium.
Wind turbines, a rare sight downtown, have finally been added to The Nature Conservancy’s high-profile building on Ohio Street.
New York-based Pfizer Inc., the world’s biggest drugmaker, said it isn’t interested in breaking up its animal health unit after Indianapolis-based Eli Lilly and Co. expressed interest in buying some of its products. Lilly’s Elanco Animal Health unit, which had $1.4 billion in sales last year, has been eager for acquisitions lately, buying up New Jersey-based Johnson & Johnson’s European animal health assets early this year. Lilly Chief Financial Officer Derica Rice said Lilly would certainly take a look at Pfizer’s animal health assets, if Pfizer puts them up for sale. “We will watch how that situation evolves, and if there are some assets that become available that we are interested in, yes, we will pursue them,” Rice told investors and analysts on a conference call July 21. But later that same day, Pfizer spokeswoman Joan Campion told Bloomberg News that Pfizer would rather sell or spin off its animal health business as a whole, not in pieces. Pfizer’s animal health unit had sales last year of $3.5 billion.
It’s not yet clear how Express Scripts Inc.’s $29.1 billion deal to acquire rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here. New Jersey-based Medco has 430 workers at a $140 million automated pharmacy and distribution center in Whitestown. It planned to ramp up Boone County employment to 1,300, but has fallen short of that goal after losing some large contracts. St. Louis-based Express Scripts, which acquired WellPoint Inc.’s pharmacy benefits subsidiary in 2009, said last year it had 400 employees at a specialty drug distribution facility near Indianapolis International Airport and planned to add 180 positions there by 2012. Medco announced last week that it lost an $11 billion contract with Minnesota-based UnitedHealth Group Inc., accounting for 17 percent of its business. The loss drops Medco to No. 3 in the industry, trailing Express Scripts and CVS CareMark Corp.
Eli Lilly and Co. posted better-than-expected second-quarter results and raised its 2011 profit forecast. The Indianapolis-based drugmaker earned $1.2 billion, or $1.07 per share, in the three months ended June 30, a decline of 11 percent compared with the same quarter a year ago. The declines were driven mainly by a 16-percent rise in sales and marketing expenses—used to help launch a new diabetes drug Tradjenta, which Lilly is co-marketing with Germany-based Boehringer Ingelheim GmbH. Lilly also suffered increasing costs from the 2010 U.S. health care reform law, which mandated rebates and fees that cost the company $110 million in the quarter. Excluding a $132 million restructuring charge for Lilly’s ongoing layoffs of 5,500 workers, the company would have earned $1.3 billion, or $1.18 per share, which represents a 4-percent decline in profit from the same quarter last year, when all special charges are excluded. On that basis, analysts were expecting profit of $1.17 per share, according to a survey by Thomson Reuters. Revenue for the quarter totaled $6.3 billion, up 9 percent from a year earlier. Analysts expected only $6 billion in revenue.
