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Sales/acquisitions

November 21, 2013

-Popeyes Louisiana Kitchen bought 1.02 acres of land at 2260 E. Main St., Plainfield. The buyer was represented by Kyle Hughes of Veritas Realty. The seller, Ralph & Nancy Daum II LLC, was represented by Steve Daum of Summit Realty Group.
 
-Agromed Inc. bought an 1,800-square-foot office condo in Regency Centre, 8202 Clearvista Parkway. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The sellers, John and Nancy Porter, were represented by Kurt Meyer of Baseline Commercial.

-Custom Interior Dynamics bought a 17,786-square-foot industrial building at 3314-3320 Prospect St. The seller, Klaisler Manufacturing Corp., was represented by Fritz Kauffman and Don Treibic of Cassidy Turley. The buyer represented itself.

-St. Louis-based SMFG LLC bought a 48-unit, garden-style apartment complex at 221 E. Main St., Carmel. The seller, Sundance Investment Properties, was represented by Amy Burmeister and Adam Ehret of Summit Realty Group. The buyer represented itself.

Man arrested for tennis ball explosive

November 21, 2013

Neal Grubbs, 20, was arrested Tuesday after Indianapolis police found a tennis ball filled with explosive powder and BB pellets in his bedroom. Investigators went to his west-side home after a 911 caller reported that Grubbs planned to set off ball bombs in two suburban movie theaters. Grubbs told police he was given the explosive by another individual several weeks ago.
 

Man gets 55 years for killing teen

November 21, 2013

An Indianapolis man convicted last month of shooting and killing a teenager in 2012 was  sentenced Wednesday to 55 years in prison. Glenn Beard, 57, was convicted of murder and unlawful possession of a firearm by a serious violent felon for killing 13-year-old Jarrell Tucker. Investigators determined Beard shot Tucker in the head and leg after the teen tried to rob Beard’s brother, Richard Beard, outside Glenn Beard’s house in the 100 block of North Denny Street.
 

SUV exhaust hospitalizes six

November 21, 2013

Six people were taken to a hospital after carbon monoxide from a running SUV in a lower-level garage filled their Carmel apartment building late Wednesday night. Firefighters reported finding carbon monoxide in all seven units of the Legacy Towns and Flats building. Near-fatal levels of the gas were found in some apartments. Seven other residents were evacuated but didn’t require hospitalization.

New U.S. 31 bypass around Kokomo opening Tuesday

November 21, 2013

The bypass will allow drivers to avoid 15 traffic signals on the highway's current route through the city.

Food company delays plans for $28M Indiana plant

November 21, 2013

Sugar Creek Packing Co. officials say the delay is needed because of changes in construction plans for a sewage-treatment plant at the former Really Cool Foods plant near Cambridge City.

Bosma names Dermody new public policy chairman

November 21, 2013

Dermody, a Republican from LaPorte, will replace Jim Davis, who left the Indiana Legislature to become the director of the Office of Community and Rural Affairs.

Three-fourths of ticket buyers to new Speedway road race from Indiana

November 21, 2013

Early ticket sales for the new IndyCar road race at the Indianapolis Motor Speedway are tracking on the high end of projections. But the visitor spending of the mostly locally attended event could be limited.

‘Wedding cake’ house gets new residents after long vacancy, suspected arson

November 21, 2013

The historic Kemper House on North Delaware Street is no longer vacant, occupied by a couple who would seem to be ideal residents.

Loss of Camry production in state not certain, exec says

November 21, 2013

Toyota Motor Corp.’s top North American executive said the carmaker hasn’t decided to end a production deal that supplies it with 100,000 Camry sedans annually from Fuji Heavy Industries Ltd.’s U.S. Subaru plant in Lafayette.

Northwest Indiana restaurants part of El Rodeo raids

November 21, 2013

The raids at La Carreta restaurants in Merrillville and Schererville were part of a larger investigation that targeted El Rodeo restaurants in the Indianapolis area, Lafayette, West Lafayette and Richmond.

NCAA sues Electronic Arts over athlete lawsuit settlement

November 21, 2013

The National Collegiate Athletic Association sued Electronic Arts Inc., saying the video-game maker hasn’t agreed to indemnify the NCAA for legal claims by college athletes and hasn’t maintained insurance to do so.

Newegg lands incentives from state for distribution center

November 20, 2013

Online electronics retailer Newegg Inc., which reached an inducement deal with the city in September to open a distribution center in Indianapolis, has landed even more incentives from the state, the Indiana Economic Development Corp. announced Wednesday.

Arizona news exec tapped to lead Pulliam Trust

November 20, 2013

Gene D’Adamo, vice president of community relations for Republic Media, which publishes The Arizona Republic, will succeed Harriet Ivey as president and CEO of the Nina Mason Pulliam Charitable Trust.

Bus failures strand IPS students

November 20, 2013

Hundreds of Indianapolis students were stuck at school late Tuesday after 25 buses failed inspection in the middle of the day. The vehicles, operated by A & S Transportation, serve Emma Donnan Middle School, Howe High School and Manual High School. Each school is managed by Charter Schools USA.

 

Girl, 7, suffers gunshot wound

November 20, 2013

Indianapolis police say a 7-year-old girl was shot Tuesday about 6:30 p.m. at a northwest-side apartment complex. The shooting took place in the 3900 block of Gateway Court, near 38th Street and North High School Road. The victim was listed in serious but stable condition. Several people were home at the time of the incident. Investigators don’t believe the shooting was a “random occurrence.”
 

Armed man invades home

November 20, 2013

An armed man wearing a ski mask escaped Wednesday morning after invading a home on the far-east side and trying to force a family of three to drive him to an ATM. The intruder entered the apartment in the 1800 block of Wellington Avenue, near Interstate 465 and 38th Street, at about 6:15. He forced the man, woman and 5-year-old boy into their car and told the woman to drive to an ATM. At a traffic light near I-465 and Pendleton Pike, the woman jumped out of the vehicle and flagged down a passing Lawrence police officer. The gunman left the car and ran from the scene.
 

J&J to pay $2.5B to settle hip replacement suits

November 20, 2013

The agreement is one of the largest ever for the medical device industry. It resolves an estimated 8,000 cases of patients who had to have the company’s metal ball-and-socket hip implant removed or replaced. The implants were made by J&J’s Indiana-based DePuy unit.

Indiana says insurers can’t reinstate canceled policies

November 20, 2013

The state insurance department said Wednesday morning that to do so would “create logistical chaos” and “destabilize” Indiana’s individual health insurance market.

Corporations still deal-shy even as stocks surge

November 20, 2013

Mergers and acquisitions are lagging this year, even as the market notches a series of record highs and is headed for its best year in a decade.

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