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.
IBJ Staff
Articles
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.
Republic Airways reports improved quarterly results
Indianapolis-based Republic Airways Holdings Inc. on Tuesday reported higher revenue and profit in the third quarter.
Celadon acquires Pennsylvania trucking firm for $55 million
A&S Services Group LLC is a regional for-hire truckload company based in New Freedom, Pennsylvania, that serves the Mid-Atlantic and Northeast regions.
Allison exceeds expectations with quarterly report
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.
Ancestry.com to digitize years of Indiana records
More than 13 million Indiana birth certificates, death certificates and marriage records will be digitized in an agreement between state officials and the genealogy website Ancestry.com.
Mayor promotes city controller to chief of staff
City-County Controller Jason Dudich will succeed Ryan Vaughn, who is leaving the mayor’s office to become president of the Indiana Sports Corp.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.