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Obama hands employers free play on health insurance

July 8, 2013

The Obama administration’s one-year delay on enforcement of penalties against employers that fail to offer affordable health insurance gives employers the chance to cancel their benefits for the year and pocket a boatload of cash.

Local attorney pleads guilty in $4.5M fraud case

July 8, 2013

After a judge revoked his bond and accused him of misleading the court, former personal-injury lawyer William Conour entered a guilty plea in his federal wire fraud case.

Stevens will need ‘hide of a rhino’ to survive NBA

July 8, 2013

Brad Stevens could create the next NBA dynasty in Boston. If he doesn't, he'll likely rue the day he left Butler.

Lilly drug for Alzheimer’s gets limited Medicare coverage

July 8, 2013

Lilly officials said they will push ahead with the first-of-a-kind imaging chemical, despite the mostly negative ruling by Medicare officials.

Aging east-side shopping center to be redeveloped

July 8, 2013

A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.

Lilly’s Lechleiter back at helm after health scare

July 8, 2013

Eli Lilly and Co. Chairman and CEO John Lechleiter is back to full-time work after taking a leave in May to have surgery for a dilated aorta, the company announced Monday morning.

You-review-it Monday: Fourth of July edition

July 8, 2013

Besides taking in fireworks, what did you hear, see or do over the long weekend?

Many considerations balanced in GOP chair pick

July 7, 2013

When state Auditor Tim Berry was tapped last week to run the Indiana Republican Party, Gov. Mike Pence answered some key political questions.

Aviation tax changes making Indiana skies friendlier

July 7, 2013

Indiana began exempting aviation fuel and maintenance and service work on planes from its 7-percent state sales tax effective Monday. It has substituted a flat 10 cents-per-gallon excise tax for fuel purchases.

Indianapolis to beef up police presence on streets

July 7, 2013

More than 100 uniformed police officers will be deployed within weeks on Indianapolis' streets to combat a rise in violent crime, under a plan unveiled by the mayor and other city officials.

Butler hires assistant coach Miller to replace Stevens

July 7, 2013

The decision to hire Brandon Miller came three days after Stevens surprised everyone by taking the head job with the Boston Celtics.

New Indiana law praised by physical therapists

July 6, 2013

The measure, which took effect Monday, allows people to be evaluated and treated by a physical therapist for 24 calendar days without a doctor's referral.

U.S. economy adds 195K jobs; unemployment rate steady

July 5, 2013

The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year’s end.

Indianapolis aims to become top center for cricket

July 5, 2013

The Midwestern city best known for its basketball and auto racing is gearing up for a proper game of cricket — the ball-and-bat sport most Americans know only from British films or by surfing through international sports channels.

Stevens’ move comes as surprise to Bulldogs

July 4, 2013

On Wednesday, the 36-year-old Stevens stunned the city of Indianapolis by leaving the tiny school he led to back-to-back national runner-up finishes to take the Celtics job. The news hit hardest inside historic Hinkle Fieldhouse.

Stevens leaving Butler for job as Celtics coach

July 3, 2013

Brad Stevens has spent six years as head basketball coach of Butler, leading the Bulldogs to back-to-back national championship games. The Celtics gave Stevens a six-year deal worth about $22 million, a source said.

Construction

July 3, 2013

-Capitol Construction has completed a 2,500-square-foot office build-out for K-Force at 115 W. Washington St.

-Compass Construction has completed a 15,254-square-foot build-out for First Internet Bank at 11201 USA Parkway, Fishers.

-Compass Construction has completed a 18,606-square-foot build-out for State Farm Insurance at 9200 Keystone Crossing.

People

July 3, 2013

CBRE Indianapolis has promoted Terry Hughes to vice president in its debt and equity finance group.

Residential

July 3, 2013

The average rate for 30-year mortgages fell from 4.61 percent to 4.48 percent for the week ended July 3, according to Bankrate.com. The rate for 15-year mortgages fell from 3.73 percent to 3.62 percent.

Leases/leasing contracts

July 3, 2013

-ooShirts Inc. leased 26,400 square feet at 7800 Records St. The tenant was represented by Greg Witkowski of CBRE. The landlord, Records Street Warehouse LLC, was represented by Brian Dell and Tony Hupp of Summit Realty Group.                

-Umoja Christian Church renewed its lease for 22,341 square feet in Lafayette Place, 3685 Commercial Drive. The tenant and landlord, Sandor Development, represented themselves.

-Family Dollar leased 12,500 square feet at 5492 E. Washington St. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Continental Realty II LLC, represented itself.

-Priority Physicians leased 9,227 square feet of office/medical space at 8333 Naab Road. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Lillibridge Healthcare Real Estate Trust, represented itself.

-Mancino’s Pizza and Grinders renewed its lease for 4,000 square feet of retail space at River Ridge Plaza, 1604 S. Scatterfield Road, Anderson. The tenant and landlord, Sandor Development, represented themselves.

-Chile Verde renewed its lease for 3,520 square feet of retail space at Esquire Shopping Center, 8237 Pendleton Pike. The tenant and landlord, Sandor Development, represented themselves.

-RadioShack renewed its lease for 2,784 square feet of retail space in Norgate Shopping Center, 7225-H N. Keystone Ave. The tenant and landlord, Sandor Development, represented themselves.

-VACO Indianapolis LLC leased 2,464 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Pasteleria Gresil renewed its lease for 2,000 square feet of retail space in Honey Creek Plaza, 5352 W. 38th St. The tenant and landlord, Sandor Development, represented themselves.

-Access Insurance renewed its lease for 1,546 square feet of retail space at College Park Plaza, 8403 N. Michigan Road. The tenant and landlord, Sandor Development, represented themselves.
 
-Ray Insurance Group leased 1,200 square feet of office space in Sand Creek Business Park, 11447 Overlook Drive, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates.  The landlord, Dolphin Ventures LLC, was represented by Kurt Meyer of Baseline Commercial.

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