Net income of $103 million last year compares with a profit of $29.6 million in 2010 and a loss of $323.9 million in 2009, according to a document the transmission maker filed Feb. 17 with the Securities and Exchange Commission as part of its planned IPO.
After years of screaming by employers that spiraling health care spending is crimping their profits and forcing them to hold down wages, the economic impact study released last week by Indiana University Health suggests health care spending is an unmitigated blessing to the Indiana economy.
An ex-employee of manufacturer ASI Limited in Whitestown is suing the company for allegedly failing to give workers a required 60-day notice that the plant was closing. The lawsuit seeks class-action status on behalf of roughly 200 terminated workers.
For the past four years, Ivy Tech Community College has soaked up 60,000 extra students displaced by the recession even though the funding for new staff and facilities has not kept pace. But now Ivy Tech President Tom Snyder says the sponge is waterlogged.
The Indianapolis Airport Authority is moving ahead with plans to build an “airport city” centered on its property, but not without buy-in from the surrounding communities.
Several downtown surface parking lots are targeted for redevelopment, with a couple already well on their way to being filled with a mixture of commercial and residential projects.
If the 2009 season taught us anything, it's that Colts fans have a long memory. This year may be remembered as the one in which Jim Irsay divided the horseshoe kingdom.
Local money spent downtown is not new money. It is merely money not spent somewhere else in the local economy.
Despite the uncertainty swirling around the Indianapolis Colts and quarterback Peyton Manning, season-ticket renewals are ahead of last year’s pace, the team says.
Agreements with Firestone, Discover, Lids and Fuzzy’s Ultra Premium Vodka are indicators the open-wheel race series is gaining speed, sports marketers said.
After winning national praise as the host of Super Bowl XLVI, Indianapolis has a shot at four major conventions planned for next year and beyond.
Disease management company’s demise in August pushed its CEO Stephanie DeKemper into personal bankruptcy in late December and the company itself will file its own bankruptcy case as early as this week.
Muncie-based First Merchants Bank, which on Friday acquired significant loans and deposits held by SCB Bank in Shelbyville, declined to bring the failed bank’s CEO into the new ownership.
WellPoint Inc. finally canned the head of its consumer business after a string of disappointing results, and the move hasn’t further spooked the company’s jittery investors. Although that’s not saying much.
-Phoenix of Texas LLC leased 66,000 square feet of industrial space at Sugarland Business Park, 12630 West Airport Blvd. The tenant was represented by Rick Suja of Colliers International. The landlord, Cobalt Industrial REIT, was represented by Cobalt’s Gray Bouchillon.
-Respiratory Partners Inc. renewed its lease and expanded to 7,200 square feet at 2461 Directors Row in Park Fletcher Business Center. The landlord, American National Insurance Co., was represented by Don Wahle of Harshman Property Services. The tenant represented itself.
-Language Training Center renewed its lease for 5,932 square feet at 5750 Castle Creek Parkway. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Friedman Real Estate Group Inc., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-McAlister’s Deli leased 5,454 square feet at Cool Creek Commons, 2550 E. 146th St., Carmel. The tenant was represented by Bill Talbott of The Talbott Group. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-Best Buy Co. Inc. renewed its lease for 4,700 square feet of office space at Intech 11, 6625 Network Way. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Network Way Properties LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Watermark leased 4,410 square feet at 5875 Castle Creek Parkway. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, Friedman Real Estate Group Inc., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Radiology Associates of Indianapolis leased 3,402 square feet at Indiana American 2, 533 E. County Line Road. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Legan Property Management Inc., was represented by Tim Norton and Jeff Merritt of Summit Realty Group.
-Designer Floors of Indiana leased 3,200 square feet at Avon Station, 8100 E. US 36, Avon. The landlord, Cranfill Development, was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Physiotherapy Associates Inc. renewed its lease for 3,054 square feet at Indiana American 4, 549 E. County Line Road. The landlord, Legan Property Management Inc. was represented by Tim Norton and Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Starmaker Studio for Performing Arts leased 2,100 square feet of retail space at Decatur Depot, 5021 S. Kentucky Ave. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-American General leased 2,081 square feet of office space at 8604 Allisonville Road. The tenant was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The landlord, Citimark Management Co. Inc. was represented by Citimark’s Brian Fitzgerald.
-Evita Salon & Spa leased 1,956 square feet at Hamilton Crossing Centre, 12201 N. Meridian St. The landlord, KRG Hamilton Crossing LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-Phoenix Personnel leased 1,600 square feet of retail space at Eagle Creek Shoppes, 4930 Lafayette Road. The tenant was represented by Joe Tarpey of Colliers International. The landlord, Eagle Creek Shoppes Property Trust, was represented by Greg Smith of Colliers International.
-Marco’s Pizza leased 1,400 square feet at Green Street Square, 1521 N Green St., Brownsburg. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, Cranfill Development, was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Sports Clips leased 1,293 square feet at Hamilton Crossing Centre, 12201 N. Meridian St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, KRG Hamilton Crossing LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-Shani’s Beauty & Eyebrow Arch leased 1,200 square feet of retail space at Eagle Creek Shoppes, 4930 Lafayette Road. The landlord, Eagle Creek Shoppes Property Trust, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
Muncie-based First Merchants Bank will assume the deposits and some of the loans of SCB, the third Hoosier bank to fail since the banking crisis began three years ago.
Kathy Cabello left a lucrative IT career to start Cabello Associates Inc., a marketing consultancy celebrating its 10th anniversary this year.
The Mind Trust plan for transforming Indianapolis Public Schools calls for turning the district into a network of charter-like schools and giving them 15 percent to 25 percent more dollars to spend than Indianapolis charter schools currently enjoy.
As one commentator said, Indianapolis “crushed it.”
