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Articles

Frontier Airlines plans return to normal service

July 22, 2011

Frontier Airlines says it expects to return to normal service including a full schedule on Saturday after repairing planes that were damaged by hail.

MARCUS: New Hoosier motto could become ‘Be less than you have been’

July 21, 2011

The U.S. Army says, “Be all that you can be.” Indiana is moving toward a different message.

UPDATE: Medco acquisition could lead to local consolidation

July 21, 2011

It’s not yet clear how Express Scripts Inc.’s $29.1 billion acquisition of rival Medco Health Solutions will affect the companies’ central Indiana operations—or their 800-plus employees at two facilities here.

Borders liquidation another blow to retail real estate

July 21, 2011

Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.

New Indianapolis tourism chief calls for bigger marketing budget

July 20, 2011

In an interview with Indianapolis Business Journal reporter Anthony Schoettle, Leonard Hoops, the incoming CEO of the Indianapolis Convention & Visitors Association, says Indianapolis warrants its own brand.

Borders turns the final page, will close all stores

July 18, 2011

The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.

Leases/leasing contracts

July 15, 2011

-Chispas leased 19,260 square feet at Lafayette Shoppes, West 38th Street and Lafayette Road. The tenant was represented by Frank Swiss of The Swiss Group. The landlord, The Broadbent Co., represented itself.

-Affordable Furniture leased 6,895 square feet of retail space at Greenwood Shoppes, U.S. 31 and Fry Road, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, The Broadbent Co., represented itself.

-Webster Veterinary Supply leased 5,400 square feet of industrial space at 2462 S. West St. The tenant was represented by Jim Teskey of Cresa Partners. The landlord, Carter Truck Lines Inc., was represented by Bill Brennan of Lee & Associates.

-Nature’s Pharm leased 4,348 square feet of retail space at Castleton Place, 5836-5896 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Ideal Image leased 3,200 square feet of retail space at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Chris Wiley and Rob Warstler of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Protection One Alarm Monitoring leased 3,032 square feet of office space at 65 Airport Parkway, Suite 120. The tenant was represented by Jim Shook and Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, TDH Investments, was represented by Darrell Pike of Precedent Realty.

-Amicus Financial leased 2,711 square feet of office space at 8440 Woodfield Crossing Blvd. Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Transformations Pilates Studio leased 2,228 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Ambassador Strategies leased 2,207 square feet of office space at 8606 Allisonville Road. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.

-Star Leasing leased 1,933 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II, L.P., was represented by Mike Napariu of REI Real Estate Services LLC.  The tenant represented itself.

-Technology Interiors leased 1,600 square feet of retail space at Fall Creek Harbour, 10130 Brooks School Road, Fishers. The tenant and landlord, FCH Associates Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Foxy’s Hair Studio leased 1,546 square feet of retail space at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent. The tenant represented itself.

-The French Seam leased 1,400 square feet of retail space at Clearwater Shoppes, 3800-3900 E. 82nd St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.

-Kucic & Associates Realty leased 1,225 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Jeff Kucic of Kucic & Associates Realty. The landlord, FCH Associates Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Judge approves Borders auction, liquidators open bid

July 15, 2011

Borders Group, the nation's second-largest bookstore chain that once operated over 1,000 stores, appears headed for liquidation after a judge on Thursday approved its motion to auction itself off with an offer from a team of liquidators as its opening bid.

Now vacated Borders location on Meridian and Washington streets

Merger of key airlines at Indianapolis grounds three flights

July 14, 2011

It’s more difficult to get to New York LaGuardia and some other business hubs following the combination of Southwest Airlines and AirTran Airways.

Purdue Research Park nears capacity

July 7, 2011

Purdue just added a large tenant to the Indianapolis research park, bringing the total to 14.

HETRICK: Finding the “one thing” on the Stratford stages

July 7, 2011

In the middle of Onterio farming country, the Stratford Shakespeare Festival found its one thing.

Amazon planning fourth area distribution center

July 5, 2011

Amazon.com plans to open a second warehouse in Plainfield this year, the company announced Wednesday. The online retailer’s fourth location in central Indiana is expected to create hundreds of jobs.

Who’s Who in Law – 2011

June 30, 2011

In a monthly feature that runs in the first issue of the month, through October, IBJ is identifying influential players in eight different industry categories. This month, our list draws from among the city’s finest legal minds in education, public-sector law, the judicial system and the broad swath of attorneys practicing solo and in firms of all sizes.

INSIDE DISH: King David Dogs nabs bigger digs

June 27, 2011

Dish_KingDavid_WatchVideoThinking his emporium for all-beef franks has maxed out its sales potential, Brent Joseph cut a deal to relocate to an epicenter for downtown office complexes and triple seating.

Observers: Inexperience with mainline carriers hurting Republic

June 23, 2011

Two years after regional carrier Republic Airways Holdings made a gutsy move into the branded airline business by buying Frontier Airlines and Midwest Airlines, its stock price is down nearly 60 percent.

Pilots OK cuts, allowing Republic to pursue restructuring plan

June 17, 2011

Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.

Republic pins Frontier Airlines’ fate to pilot vote on savings

June 16, 2011

Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.

Medco deal loses its luster

June 10, 2011

New Jersey-based Medco has hired just 430 workers in Whitestown—far short of its commitment of 1,400 by 2012—and its business trends suggest the company is shrinking, not growing.

Manufacturing center set to open in Columbus

June 10, 2011

A $13.5 million center aimed at training workers to fill manufacturing jobs that are growing steadily more complex is opening in central Indiana.

People in the news – June 13, 2011

June 9, 2011

People listings are free.

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