Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month,
real estate sources say.
The leveraged-buyout firm subleases the 48th
floor of downtown’s Chase Tower from JPMorgan Chase & Co. but hasn’t
paid rent for a couple of months and has agreed to give the space back.
Obsidian has been closed since Nov. 24, when FBI agents converged on the office and seized documents and computers. Agents
simultaneously raided another Durham company: Akron, Ohio-based Fair Finance Co.
Federal prosecutors alleged
in a court filing that day that Fair operated as a Ponzi scheme, using money raised
from selling investment certificates to pay off earlier investors.
Durham could not be reached for comment this morning.
Obsidian was
committed to the space until 2020, when Chase’s lease as anchor tenant comes up. It
signed the sublease in 2002, a short time after the bank moved its executives offices to a lower floor.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.