BrightPoint merger talks driven by ‘deal certainty’
When BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick to cash out while the going was still good.
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Articles
Potential Alzheimer’s drug fails first of four key trials
Bapineuzumab is in a race with a similar product from Indianapolis-based Eli Lilly and Co. to become the first therapy to target a cause for Alzheimer’s, rather than just its symptoms.
BrightPoint’s $840M sale ends wild ride for CEO Laikin
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
Moody’s upgrades outlook for Indianapolis Airport Authority
New agreements with airlines, presence of FedEx contribute to improving financial picture.
MILLER: Morale, productivity affected by benefits frustration
Have employees reached the tipping point where rising health care costs have forced them to think seriously about jumping ship?
Accusations fly between Republic Airways and union
Company pulls request to block Teamster website as union ramps up fight in its own lawsuit.
Local logistics provider FitzMark plans to add 30 jobs
Indianapolis-based FitzMark Inc. said it will fill the customer service and purchasing positions by the end of the year. The company was founded in 2007 and has grown to $25 million in annual revenue.
Leases/leasing contracts
-Carrier Corp. renewed its lease for 436,343 square feet of distribution space at 710 South Girls School Road. The tenant was represented by Randy Rome of Cushman & Wakefield, and Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group. The landlord, Transpacific Development Co., represented itself.
-Venture Logistics leased 299,000 square feet at 7901 W. 21st St. The tenant was represented by John Demaree of Summit Realty Group. The landlord, First Industrial, represented itself.
-O'Baby Enterprises Inc., dba Ace Hardware, leased 10,266 square feet at Noblesville Square Shopping Center, Westview Road and River Avenue, Noblesville. The tenant was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Riverview Hospital, was represented by Tom Kenley of Ayer’s Realty.
-SearchSoft Solutions Inc. leased 4,958 square feet of office space at 47 S. Meridian St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Bodner Opera House LLC, was represented by Alex Cantu of Summit Realty Group.
-Anacore Inc. leased 3,655 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Kim Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, CFS at North College Receivership Estate, was represented by David Ciechanowicz and Jim Logan of Colliers International.
-Tulip Foot Spa leased 2,750 square feet at Yates Center, 1930 E. Stop 13 Road. The tenant was represented by Jun Liu of Carpenter Realty. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Tri-State Coatings leased 2,600 square feet of flex space at Hague Business Center, 7745 E. 89th St. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, HBC Co., was represented by John Corey of Levi Investment Realty.-Xiik LLC leased 2,240 square feet of office space at 107 S. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, CIB Building Facilities Corp., was represented by Mike Semler of Cassidy Turley.
-Drs. Smith, Herman, Cebulko, Russell, Cofresi and Stone leased 2,181 square feet of office space at 3077 E. 98th St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Laser & Light Surgery Center Inc. renewed its lease for 1,714 square feet at Indiana American Office Park, Building 2, 533 E. County Line Road, Greenwood. The landlord, I – A Building 2 LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.
-Farmer Lumpe + McClelland leased 1,515 square feet of office space at 3091 E. 98th St. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Uzelac & Associates Inc. leased 1,500 square feet at Chapel Hill Professional Complex, 650-652 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Indiana Spray Foam LLC leased 1,260 square feet at 9815 Mayflower Park Drive, Carmel. The landlord, ICS II LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
STOSSEL: Competition is the best regulator for business
As long as there is open competition, honesty pretty much takes care of itself.
Republic Airways CEO talks Bombardier jet plans
The CEO of feeder airline operator Republic Airways Holdings Inc. said on Wednesday that new Bombardier jets could be flown in the United States in a partnership with one of the big airline alliances.
Mexican big rigs shun border, imperiling trucking deal
A cross-border trucking pact that ended a 17-year trade dispute between the U.S. and Mexico last year may unravel unless more Mexican big rigs start crossing the border. Failure of the program could have an impact on trucking firms like Indianapolis-based Celadon Group Inc.
Republic, Bedford fall out of favor in Milwaukee
Indianapolis-based airline holding company and its leader stir passions in city hit hard by Frontier cutbacks.
Republic Airways charts rebound for small jet unit
While turnaround plans at Frontier Airlines capture most of the attention, Republic Airways Holdings Inc. is also trying to revitalize its smaller Chautauqua Airlines unit.
Proposed Indy airline gets audience with Venture Club
Legacy Travel Club needs to raise $50,000 to unlock commitments from angel investors.
Indianapolis lands nonstop air service to Myrtle Beach
Indianapolis International Airport has landed seasonal, nonstop service to Myrtle Beach, S.C., starting May 31. Vision Airlines said Thursday that it will fly the route using Boeing 737s through Oct. 31.
Airport wants more nonstop flights
Its focus will include trying to attract flights from Indianapolis International to San Francisco, San Diego and Seattle.
Airport clips wings on international travel by employees
A proposed travel schedule for Indianapolis Airport Authority employees for the remainder of the year is devoid of trips to overseas destinations. Airport leaders spent lavishly on travel last year.
Indy is poster child (again) for medical arms race
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
Airlines’ treatment of passengers slowly getting better
Based on traditional yardsticks — lost bags, delayed flights, lousy service and bumpings from full planes — airlines are doing a better job, say private researchers who have analyzed federal data on airline performance.
Techies pressing again for direct Silicon Valley flights
High-tech firms have been clamoring for a couple of decades for nonstop flights between Indianapolis International Airport and California’s Silicon Valley. One of Indiana’s tech icons made it clear recently that the need is as urgent as ever.