Old National to close nine branches in Indianapolis area
Evansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them into nearby branches in a move to streamline its operations.
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Lacy Foundation names new president
Jill S. Lacy succeeds Margo Lacy Eccles, who served in that role for more than 30 years before her death June 25. She is married to Peter Lacy, Andre Lacy’s youngest son and nephew of Margot Eccles.
City-County Council OKs domestic partner benefits
Mayor Greg Ballard said he hasn't decide whether he will veto the measure. The mayor said he would prefer coverage be provided only to same-sex partners because he believes offering it to heterosexual couples is a "disincentive to marry."
Entergy faces hurdle to joining transmission pact
Arkansas regulators want guarantees that their authority will be preserved if Entergy Corp.'s utilities join Carmel-based regional transmission group MISO, raising questions about whether the deal will go through.
Q&A
Alph Bingham spent more than 28 years at Eli Lilly and Co. and from there co-founded InnoCentive Inc., a Massachusetts-based organization that organizes crowdsourcing to help companies solve internal challenges. The Carmel resident spoke about the challenges now facing pharmaceutical companies, which are buckling under ever-rising costs to develop drugs with lower rates of success and worsening prospects for reimbursement. Bingham’s solution is for pharma to embrace crowdsourcing and other “open innovation” concepts in order to spread the risk of R&D among more partners.
Construction
-Capitol Construction has completed a 17,000-square-foot build-out for Little Star Autism Center at 12650 Hamilton Crossing, Carmel.
-Capitol Construction has completed a 4,000-square-foot office build-out for Health & Human Services at 101 W. Ohio St.
Leases/leasing contracts
-LifeScience Logistics LLC leased 132,000 square feet of industrial space at 1105 E. Northfield Drive, Brownsburg. The tenant was represented by Thomas Cooler of CBRE. The landlord, KTR Capital Partners, was represented by Bart Book and Luke Wessel of Cassidy Turley.
-Push Logistics leased 46,800 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, NCI Acquisitions, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-BDP International leased 19,642 square feet of industrial space at 5601 Fortune Circle South. The tenant was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The landlord, CW Capital Asset Management LLC, was represented by J.D. Graves of CBRE.
-Miguel Cardenas, dba Chispas, leased 19,260 square feet of retail space at Lafayette Shoppes, 38th Street and Georgetown Road. The tenant was represented by Larry W. Harshman of Harshman Property Services LLC. The landlord, Lafayette Shoppes LP, was represented by Jim Mosher of The Broadbent Co.
-Performance Assessment Network Inc. renewed its lease for 16,704 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Yumi Prater and R.J. Rudolph of Colliers International. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC.
-The Bang Fitness Project LLC leased 10,000 square feet of retail space at Cool Creek Commons, 2510 E. 146th St., Carmel. The tenant was represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-USAwning Network leased 5,400 square feet of warehouse space at Brookside Industrial Park at East 16th Street and Sherman Drive. The landlord, Brookside Industrial Park LLC, was represented by Russ Zimmerman of NAI Meridian and Larry W. Harshman of Harshman Property Services LLC. The Tenant represented itself.
-It’s a Kid’s World Ministry Academy leased 5,000 square feet of retail space at 2151 N. Franklin Road. The tenant was represented by Joe Lonnemann of Ambrose Property Group. The landlord, Franklin Road LLC, represented itself.
-SK Huffer & Associates PC leased 4,035 square feet of office space in the Village of West Clay at 12821 E. New Market St., Carmel. The tenant was represented by Gerald Kosene of Kosene & Kosene. The landlord, CFS LLS, was represented by Joe Lonnemann of Ambrose Property Group.
-Bakery Euromex LLC leased 2,150 square feet of retail space at Grant Plaza Shopping Center, 3103-B Lafayette Road. The tenant was represented by Camilo Colonia of Equity Wealth Realty. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.
-Herbalife Nutrition and Weight Management leased 1,700 square feet of retail space at Grant Plaza Shopping Center, 3103-A Lafayette Road. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Hott Komoditty Hair Salon leased 1,502 square feet of retail space at Grant Plaza Shopping Center, 3037 Lafayette Road. The tenant was represented by Gregg C. Donaldson of Milhaus Realty LLC. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.
-Crown Product Services LLC leased 1,143 square feet of office space in the Village of West Clay at 12821 E. New Market St., Carmel. The landlord, CFS LLS, was represented by Joe Lonnemann of Ambrose Property Group. The tenant represented itself.
-Bogdanoff Henderson PC and Dages and Co. leased 1,064 square foot of office space at Four Parkwood, 500 E. 96th St. The tenant was represented by Ed Freeman of Freeman Commercial Development Inc. The landlords, Philip and Janet Clark, were represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International.
-Breathe Life Yoga leased 1,000 square feet of office space at 8202 Clearvista Parkway. The landlord, Regency Centre Investments, was represented by Joe Lonnemann of Ambrose Property Group. The tenant represented itself.
Man charged in 13-year-old’s rape
A Carmel man faces numerous charges after being accused of raping a 13-year-old girl. Charles Blake Bracken, 19, was charged with rape, child molestation, criminal deviate conduct, sexual battery and contributing to the delinquency of a minor. Police allege he took advantage of the teen while she was under the influence of alcohol last month during a party at Carmel Woods apartments.
Three local accounting firms crack national top-100 list
Blue & Co. LLC, Katz Sapper & Miller LLP and Kemper CPA Group LLP are the only three locally based accounting firms to make Inside Public Accounting’s latest annual top-100 list.
DINING: Beyond deep-fried State Fair fare
Reviewer Lou Harry set out this year to find the best of the freshman foods at the Indiana State Fair, with the stipulation that they didn’t emerge from a vat of hot oil.
BENNER: Why Michael Phelps laps other great Olympic athletes
Thoughts on this, that and the other while watching the world’s athletes.
New student-loan effort adding to ITT backlash
For-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative deal with an outside party that would provide $100 million in loans to its students.
In-house lawyers gain more respect
Prestige rising along with greater workload, national study shows.
Extra money for Carmel arts groups on hold
Carmel Mayor James Brainard's request for an additional $1.36 million in arts funding is lingering in a city council committee.
Next up for Indiana biotech: Feed the world
Even though the potential payoff for health care innovation is less certain these days, the business case for new ways to produce more food has never been stronger. That’s the analysis that lies behind BioCrossroads' new report an agricultural innovation.
Carmel looks at $195 million refinancing package
The Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further development of the massive City Center project.
Donors slow to support agencies serving seniors despite growing need
The aging population is expected to generate an explosion in demand for senior services—taxing a network of often thinly funded providers. Executives of such not-for-profits say they often encounter apathy toward senior causes.
Chicago tourism push increases pressure on Indianapolis
Chicago tourism officials earlier this year unleashed a major advertising campaign that threatens to encroach on one of Indianapolis’ primary leisure travel segments. The Second City for the first time ever is marketing itself to other cities in the Midwest, such as St. Louis and Cincinnati, that are key targets for Indianapolis.
Performing arts groups rethink marketing subscriptions
The decline in season ticket sales has forced marketing managers to promote each show individually, which is trickier and more costly.