Downtown Indianapolis had a 15.5-percent vacancy rate for multi-tenant office buildings at the end of the third quarter, down 0.2 percent from the prior quarter, according to Colliers Turley Martin Tucker. Government and medical buildings are excluded from the data. The vacancy rate for suburban office space was 18 percent for the quarter, up 0.5 […]
Bioanalytical Systems Inc. disclosed yesterday that it is taking a $400,000 charge due to the settlement agreement reached with founder Peter Kissinger and his wife, Candice. Peter Kissinger early last month stepped down as chairman and chief scientific officer of the West Lafayette contract research company. A year earlier he resigned as CEO. He remains […]
A New York company specializing in natural and organic foods will build a national production and distribution site in Cambridge City in east-central Indiana. Really Cool Foods will spend $100 million to build the location and hire 1,000 permanent employees over the scope of the project, according to the Indiana Economic Development Corp. The location […]
Carmel-based BFS Diversified Products LLC has agreed to lease 226,000 square feet in a new building at Plainfield Business Center at Airwest. BFS is a subsidiary of Bridgestone Americas Holdings Inc. that manufactures building and roofing products, along with other items. The company will move into a building developed by Rosemont, Ill.-based Opus North Corp, […]
Fairbanks Institute for Healthy Communities has given interim president Dr. Cynthia Helphingstine the permanent role. Locally based Fairbanks said today that Helphingstine also will be chief operating officer. Helphingstine has been vice president of business development at Inproteo LLC, an alliance among Eli Lilly and Co., Indiana and Purdue universities that develops life science technologies […]
Oxford Financial Corp., the Indianapolis company that specializes in estate planning and other financial services for wealthy people, is opening a Chicago office to serve existing clients and seek new ones. Oxford said today that it has named Robert W. Hauswirth to head the Chicago office. Hauswirth has worked in a senior adviser position at […]
The St. Louis construction firm S.M. Wilson & Co. has bought Indianapolis-based Rollins Construction Co. Inc. for an undisclosed price to gain a foothold in the local market. Rollins has completed renovations at Community Health Network hospitals, as well as Major Hospital in Shelbyville and Hancock Surgery Center in Greenfield, among other health care centers. […]
Remy Worldwide Holdings Inc. lenders have approved the Anderson company’s bankruptcy reorganization plan by margins exceeding 98 percent, Remy announced yesterday. Remy, which manufactures starters and alternators, slashed $360 million of debt by exchanging notes, canceling its equity interests and raising $85 million in equity. Secured creditors were paid in full. In a statement, President […]
Indiana Black Expo President and CEO Joyce Rogers has been named to lead fund raising and development for Ivy Tech Community College, Ivy Tech said today. Rogers, whose new title is vice president of development, rose to president of Black Expo in 2004 after serving as chief operating officer for three years. “She will bring […]
South Dakota-based VeraSun Energy Corp. has temporarily halted construction of an ethanol plant in Reynolds, the state’s designated BioTown north of Lafayette, reports the Journal and Courier. The company in a statement said unfavorable market conditions are the reason for the suspension. Construction could resume next year. The biorefinery would produce 110 million gallons of […]
General Motors Corp. will accept its temporary workers as permanent employees before allowing former employees of Guide Corp. to transfer in under the tentative contract between the Detroit automaker and the United Auto Workers. News of the delay yesterday angered Guide workers who hoped to snag jobs with GM, according to The Herald Bulletin of […]
Peter Kissinger and his wife, Candice, have ended their tenures at Bioanalytical Systems, the West Lafayette company they started three decades ago. The couple resigned their board positions, although Peter Kissinger will remain as chairman emeritus, the contract research firm announced yesterday. Each received an undisclosed severance package. Bioanalytical Systems said the resignations complete the […]
A Colorado company said yesterday it has acquired Indiana Fiber Works and plans to diversify its product offerings. Louisville, Colo.-based Zayo Bandwidth wouldn’t say how much it paid for the Indianapolis company, which was a subsidiary of General Electric Capital Corp. Indiana Fiber Works sells mostly “dark” fiber-optic service; that is, high-speed data lines not […]
Sardar Biglari, the San Antonio investor who has thrown his weight around at Applebee’s and other restaurant chains he owned stock in, said yesterday that he and an associate have been nominated by a group he heads to fill board seats at Steak n Shake Co. Inc., the struggling Indianapolis hamburger chain. The nominations are […]
International Automotive Components Group North America announced today that it will shutter its manufacturing plant between Indianapolis and Columbus in Edinburgh. The 200,000-square-foot facility employs nearly 400 who supply door trim, instrument panels and other components to General Motors Corp. and Chrysler LLC. Based in New York, International Automotive Components is consolidating the auto parts […]
Advantage Health Solutions Inc. has entered a six-year agreement with the Indianapolis Colts Inc. that includes naming rights to the area for club ticket holders on the west side of Lucas Oil Stadium, the Indianapolis-based health insurer said today. The deal also includes radio, television and print advertising, and the opportunity for Advantage to work […]
WellPoint Inc. today announced a restructuring of the company and several executive changes. A new commercial business unit, led by Ken Goulet as CEO, will include local group customers, national accounts, and specialty products, like dental and disability, among other services. Goulet had been president of WellPoint’s national accounts business. The new consumer business unit, […]
Development leaders in northwest Indiana want to pounce if commissioners in Cook County, Ill., follow through on a proposal to raise sales taxes to 11 percent-the highest in the nation-to plug a budget shortfall. If commissioners raise the tax at a meeting Oct. 16, the level will be nearly twice the 6 percent sales tax […]
Three finalists have emerged for the CEO position at the Indianapolis-Marion County Public Library, the trustees announced today. They include: -interim CEO Laura Bramble, who has worked within the Indianapolis-Marion County system in capacities including chief operating officer and directed the Avon-Washington Township Public Library. -City-County Councilwoman Jacqueline Nytes. A former chief financial officer of […]
Fortune magazine today named WellPoint Inc. CEO Angela Braly as the fourth-most-powerful woman in business. Braly, 46, took over from Larry Glasscock on June 1. WellPoint, with $57 billion in revenue, is the country’s largest company run by a woman. She still ranks behind women who lead companies with a little more cultural cache: PepsiCo […]
