The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
Shares of ITT Educational Services Inc. rose the most in a year Thursday after the for-profit educator reported a fourth-quarter profit that beat analysts’ estimates.
Republican Sen. Mike Delph of Carmel said it makes sense to start school after Labor Day because families would have more summer vacation time together.
Clarian Health, which is set to change its name to Indiana University Health on Jan. 24, is relying on the academic expertise of its downtown Indianapolis hospitals to pull in patients from a wider swath of the state and the nation.
–Jason O’Neal and brothers Jim McKenzie and John McKenzie have formed McKenzie Real Estate, a boutique real estate firm. O’Neil was formerly a real estate broker at Encore Sotheby’s International Realty. The McKenzie brothers have been custom-home builders in the Indianapolis area since 1993. McKenzie Real Estate is located at 4631 Lisborn Drive, Carmel.
-On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.2 percent for the week ended Jan. 7, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.78 percent from 4.82 percent the previous week. The rate for 15-year mortgages decreased to 4.15 percent from 4.23 percent.
The case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.
Jan. 22-23
Center for the Performing Arts, Carmel
The big gala opening event doesn’t take place until next weekend. But this week the new concert hall has scheduled two days of open-to-the-public performances to give a taste of things to come.
On Saturday, a ribbon cutting and the obligatory speeches will lead into a concert by the Carmel Brass (including a premiere of “The Palladium Suite”) and then five hours of “Take Center Stage at the Palladium,” showcasing a variety of acts chosen from those who auditioned in December.
On Sunday, there’s an open house that includes performances by Gregory Hancock Dance Theater, New World Youth Orchestra, the Carmel Symphony Orchestra String Quartet, Indiana University Jazz Group and the Purdue University Glee Club.
Details here. .
The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.
Used-car prices are on the rise. Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10 percent to 15 percent higher than in 2009.
The bulk of legislative Democrats, allied with organized labor, are vehemently opposed to having Indiana join almost two dozen other states with right-to-work laws, labeling them as discriminatory against minorities and women, and contending that such laws will do little more than reduce wages and lower the living standards of many Hoosiers.
The lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price of about $15 million—less than half what lenders have sunk into the project.
-UTi Integrated Logistics Inc. leased 50,000 square feet of industrial space at 5136 W. 81st St. The tenant was represented by Stan Elser and Bill Brennan of Lee & Associates. The landlord, Dugan Realty Inc., was represented by Kate Willen and Glenn Davis of Duke Realty.
-Hibachi Grill and Supreme Buffet leased 18,750 square feet at Cherry Tree Plaza, 9701 E. Washington St. The tenant was represented by Mark Sturgis of ADM Commercial Properties. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor.
-Bermo Enterprises Inc., doing business as Max $10, leased 6,750 square feet at Cherry Tree Plaza, 9749 E. Washington St., Suite A. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor. The tenant represented itself.
-cfc Adviser of Carmel Inc. leased 4,000 square feet at Pebble Brook Village, 5540 Pebble Village Lane, No. 100, Noblesville. The landlord, Pebble Brook Office Two LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-El Nopal Mexican Restaurant leased 4,000 square feet of retail space at Pebble Brook Village, 5540 Pebble Village Lane, Noblesville. The tenant was represented by Bill Buzan of Real Estate Unlimited. The landlord, Tom Wetherald, was represented by John Reller of Colliers International.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 2,210 square feet at College Park Plaza, 8403 N. Michigan Road, Suite A. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 1,820 square feet at East 40 Plaza, 8516 E. Washington St. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Trusted Auto Repair leased 1,500 square feet of industrial space at 2251 N. Dequincy in the Garfield Industrial Park. The landlord, Garfield LLC, was represented by Brad King of Colliers International. The tenant represented itself.
-Joe’s Cutz leased 600 square feet in Augusta Plaza, 7247 N. Michigan Road. The tenant was represented by Nick Smyrnis of Lee & Associates. The landlord, Augusta Plaza Associates LP, was represented by Fred Frisch of Lee & Associates.
California Pizza Kitchen plans to replace Alcatraz Brewing Co. on the first floor of Circle Centre mall. Alcatraz has occupied the space at the southeast corner of Illinois and Maryland streets since the mall opened in 1995. The Los Angeles-based chain does not currently have any restaurants in Indiana.
Lawmakers who want to ban smoking statewide and prohibit drivers from using handheld mobile phones have worked for years to sway opponents who denounce the bans as too much government intrusion. Now supporters say those arguments may be diminishing.
Current Publications is exhibiting growth seldom seen in the newspaper industry these days. Four years after launching, the company is preparing to debut its fourth weekly newspaper in Hamilton County on Jan. 25.
Observers say conditions are ripening for more deals like the recent $525 million sale of Aprimo Inc. in the months ahead—not only among IT firms, but also among biotech companies here.
