A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
As important as business planning is, the path to success is rarely without obstacles—or opportunities. Savvy entrepreneurs like Janell Shaffer and Danielle McDowell recognize that and adjust along the way.
Several national retail brands are expanding in central Indiana: Starbucks in Fishers, Big Lots in Franklin, Five Below in Plainfield and Harbor Freight Tools in Indianapolis.
There’s the company founded by a college kid, in his dorm room. Another firm was launched by a guru from the shadowy world of cyber security. And the other was founded by tech veterans old enough to remember IBM punch cards. Three Indiana tech companies have surfaced among standouts in the notes of judges for TechPoint’s annual Mira Awards—the Hoosier tech version of the Oscars.
As local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property Group is standing by a corporate policy against restricting access to its properties.
ITT Educational Services Inc. has been sued by investors who accuse the for-profit college of making misstatements about its private student-loan program, which was the subject of a subpoena from U.S. regulators.
The state of Indiana will have a new brand, under a campaign the Indiana Economic Development Corp. plans to launch this summer. The campaign is one of a few tweaks that Commerce Secretary Victor Smith and IEDC President Eric Doden are making to Indiana’s job-growth strategy.
Steve Hilbert has been ousted as CEO of Indianapolis-based MH Private Equity after a bitter battle with John Menard, the hardware store king who financed the $500 million private equity firm.
Cynics might suggest the General Assembly really hasn’t accomplished much since convening in January. While that’s a tad unfair, the session does seem unusual.
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
-Ice Miller renewed its lease for 127,883 square feet at OneAmerica Tower at Ohio and Illinois streets. The landlord, OneAmerica Financial Partners, was represented by Jon Owens and Russ Van Til of Cassidy Turley. The tenant represented itself.
-ABC Supply Co. leased 84,600 square feet at Shadeland Commerce Center, 2900 N. Shadeland Ave. The tenant was represented by Tom Cooler of CBRE. The landlord, First Industrial Realty Trust Inc., was represented by Brian Seitz, Steve Schwegman, Brian Buschuk and Jake Sturman of Jones Lang LaSalle.
-Xylem Water Solutions Indiana LLC renewed its lease for 17,850 square feet of industrial space at 7615 W. New York Street. The tenant was represented by Terry Busch of CBRE. The landlord, Hydraserve Properties Inc., was represented by Glenn Davis and Dannetta Hiatt of Colliers International.
-A Contact Electric Rentals leased 12,454 square feet of industrial space in Robbins Park, 8811 Robbins Road. The tenant was represented by Tiffany Inglert of Coldwell Banker. The landlord, Owens Development LLC, was represented by Bill Brennan of Lee & Associates.
-Reliable Oil Equipment Inc. leased 9,750 square feet of industrial space at Victory Business Park, 5460 Victory Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Victory Business Park Center, was represented by Debbie Mann of Mann Properties.
-Camptown Inc. leased 5,480 square feet of industrial space at 7998 Georgetown Road. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Kate Willen Ems of Duke Realty.
-Staples Contract & Commercial leased 4,568 square feet of office space at 8909 Purdue Road. The tenant was represented by Yumi Prater of Colliers International. The landlord, Wells Real Estate Funds, was represented by Andrew Martin and Mike Semler of Cassidy Turley.
-Wired Communications leased 2,400 square feet of industrial space at 8710 8768 E. 33rd St. The tenant was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Brian Buschuk of Jones Lang LaSalle.
-Winthrop Investment Group LLC leased 2,330 square feet of office space at 20 E. 91st St. The tenant was represented by Jay Gehl of Hokanson Cos. Inc. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Computer Aided Technology renewed its lease for 2,200 square feet of office space at The Precedent Office Park, 9225 Priority Way West Drive. The landlord, Pace-Keystone Associates LLC, was represented by Kim Hartman of Colliers International. The tenant represented itself.
-Menchie’s leased 1,459 square feet of retail space in Glendale Town Center, 6101 N. Keystone Ave. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, KRG Glendale LLC, was represented by Blake Beaver of Kite Realty Group.
-Phillip Eugene Holder and Josephine Holder leased 1,000 square feet of industrial space at 4180 N. Elmhurst Drive. The landlord, Carl Weedman Family Trust & Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-B B Miller Inc. renewed its lease for 902 square feet of office space at Hamilton Crossing, 12800 N. Meridian St., Carmel. The tenant was represented by Tom Osborne of Colliers International. The landlord, Duke Realty Limited Partnership, was represented by Adam Seger of Duke Realty.
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
