Barnes & Thornburg installs new managing partner
Robert T. Grand, who led the local office of Barnes & Thornburg LLP, replaces Alan A. Levin as managing partner of the entire firm.
IBJ Staff
Articles
Kelley School economists expect stronger 2015
Economists from Indiana University Kelley School of Business say they are cautiously optimistic that 2015 will be the strongest year the economy has seen yet in its long, slow recovery from the Great Recession.
Kimball to move plant to Indiana, plans 160 new jobs
Office furniture maker Kimball International Inc. plans to sell its metal-fabrication facility in Post Falls, Idaho, and move the plant's operations to Indiana, creating up to 160 jobs by the end of 2016, the company announced Wednesday.
UPDATE: Outgoing Ballard not taking ‘foot off the pedal’
In an emotional address Thursday, Indianapolis Mayor Greg Ballard explained his reasons for not seeking a third term and promised not to take his last year lightly.
Democrats sweep Marion County elections
All the major races, including sheriff, prosecutor, clerk, auditor and recorder, were won by Democrats.
Politics
If history is any indication, turnout for the Nov. 4 election will be low north of 96th Street. That’s not a big shocker, since the May primary tends to be busier in the Republican stronghold. (If 12-percent turnout can be considered busy.) Nevertheless, voters still have a say in a number of races, including several […]
Washington Prime reports profit in first full quarter
The shopping center company, which was spun off from Simon Property Group Inc. in May, earned $38.8 million, or 21 cents per share, in the third quarter.
Private equity group confirms Herff Jones buyout
Charlesbank Capital Partners and Partners Group say the purchase—reportedly for $1.5 billion—ensures the educational-products company “has the capital structure, resources, and financial flexibility” to further expand.
Kite reports quarterly loss on acquisition costs
The real estate company’s loss of $16.4 million in the third quarter was due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust in July.
MEDIA & MARKETING
The Basement, a digital ad agency that has done work for the NCAA, Volkswagen, HP and other national brands, recently moved its office downtown, from Fort Benjamin Harrison. The move took place in early October, said Jacob Leffler, the president and co-founder. He said proximity to clients and greater space were the driving factors. The […]
NFP of NOTE: Hendricks County Community Foundation
Hendricks County Community Foundation improves the quality of life in Hendricks County by awarding grants to not-for-profit organizations and projects, and by collaborating to address community issues.
Report: Herff Jones set to be sold for $1.5 billion
Class ring maker Herff Jones is set to be acquired by a private-equity group for about $1.5 billion, Reuters reported, citing people familiar with the deal.
EDITORIAL: Westfield officials didn’t play it straight
The public deserved better disclosure over indoor soccer facility.
Update: Villaggio retail spaces sell for $693,000
The seven units totaling 14,500 square feet hit the auction block to help satisfy a loan default on the property totaling $5.2 million.
Remy suffers quarterly loss despite improving sales
Pendleton-based manufacturer Remy International Inc. saw a big bump in sales in its latest quarter but took a sizable loss after paying part of a legal settlement and dealing with costs associated with its recent acquisition of USA Industries.
Celadon sees more profit, revenue in latest quarter
Celadon Group Inc. saw profit increase 21.2 percent in its latest quarter as revenue climbed 10.5 percent, the Indianapolis-based trucking firm announced Wednesday.
HHGregg shares fall on disappointing quarterly results
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
Duke Realty reports higher profit, revenue for third quarter
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.