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Indianapolis chamber absorbs World Trade Club

March 18, 2013

The 46-year-old World Trade Club of Indiana is becoming part of the Indy Chamber—a move organizers hope will give the not-for-profit additional firepower as it works to educate, connect and grow Hoosier businesses in the international marketplace.

Profits at center of biosimilars debate

March 18, 2013

House Bill 1315, which is scheduled for a Senate floor hearing on Monday, would require pharmacists to check with a patient’s physician before automatically substituting a generic version of a biotech drug for a brand-name version.

Ticket brokers, city to take lumps as IU sent east

March 18, 2013

Ticket brokers took a gut punch Sunday when NCAA officials announced that Indiana University would not be playing in the Midwest Regional of the men's basketball tournament. Local tourism officials say the economic impact could drop $1.5 million.

Four state teams make NCAA tourney

March 18, 2013

Four teams from Indiana received bids to the NCAA men’s basketball tournament. Indiana University earned the top seed in the East Region and will play Friday afternoon in Dayton, Ohio, against the winner of a play-in game between LIU Brooklyn and James Madison University. No. 6 seed Butler University will play Bucknell University on Thursday in Lexington, Ky., at 12:40 p.m. The University of Notre Dame, seeded seventh, faces Iowa State University in Dayton on Friday. And No. 14 Valparaiso University will play Michigan State University in Auburn Hills, Mich., on Thursday.
 

Infant’s body found in local creek

March 18, 2013

Indianapolis police are investigating the discovery of an infant’s body in a creek on the city’s east side. Police say they received a call Sunday morning from a man who told them he’d found the body behind his home in the 1500 block of Fenwick Avenue. An autopsy was scheduled for Monday to determine more information about the body and the cause of death.
 

Profits at stake in fight over generic biotech drugs

March 18, 2013

House Bill 1315, which is scheduled for a Senate floor hearing on Monday, would require pharmacists to check with a patient’s physician before automatically substituting a generic version of a biotech drug for a brand-name version.

Carmel police shoot armed man

March 18, 2013

Carmel police shot a 25-year-old man early Monday morning after he allegedly made threats to his ex-girlfriend and her boyfriend. Aaron David, 25, was shot about 3:15 a.m. in a neighborhood near 96th Street and Ditch Road. He was taken to the hospital for surgery and is expected to live, officials said. Police said they opened fire on David after he ignored their commands and displayed a handgun.
 

Indiana’s unemployment rate jumps to 8.6 percent

March 18, 2013

Indiana’s unemployment rate rose to 8.6 percent in January, from 8.3 percent in December, even though the state added 8,200 private-sector jobs during the month. The monthly rate hasn’t jumped that much since 2009.

You-review-it Monday

March 18, 2013

There were lots of A&E choices out there this weekend. Did you get to the ABBA tribute at the ISO? “The Whipping Man” at the IRT? “Guitars” at the Eiteljorg?

Chinese-owned factory in Lafayette adding jobs

March 18, 2013

Work on the aluminum-components plant began a couple years ago. It now has about 80 workers.

Indiana excise police find 80 minors at Indy bar

March 18, 2013

Officers from the Indiana State Excise Police and the Indianapolis Metropolitan Police Department's Nuisance Abatement Unit raided the Early Bird Bar & Grill on the city's northwest side early Sunday morning.

People

March 18, 2013

Summit Realty Group has promoted Alex Cantu to director, capital markets; Jason Speckman to senior director, industrial advisory; Matt Waggoner to director, office advisory; and Brad Williams to senior director, industrial advisory.

Residential

March 18, 2013

The average rate for 30-year mortgages rose to 3.85 percent from 3.73 percent for the week ended March 13, according to Bankrate.com. The rate for 15-year mortgages rose to 3.03 percent from 2.96 percent.

Leases/leasing contracts

March 18, 2013

-LA Fitness leased 35,000 square feet at Stony Creek Commons, State Road 37 and Town & Country Boulevard, Noblesville. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate and John Kalamaras of Real Source Partners. The landlord, Noblesville Partners LLC, was represented by Jeff Wright of Kite Realty Group.

-Reading Pretzel Machinery Corp. leased 25,340 square feet of industrial space at 7517-25 Winton Drive. The tenant was represented by Glenn Davis of Colliers International. The landlord, PCO Park 100-134 LP, was represented by Jake Sturman of Jones Lang LaSalle.

-Orbis Education Services LLC leased 19,455 square feet of office space at One Penn Mark, 11595 N. Meridian St., Carmel. The tenant was represented by Yumi Prater and Sam Smith of Colliers International. The landlord, TNHYIF Reiv Sierra LLC, was represented by Russ VanTil and Jon Owens of Cassidy Turley.

-Century Link leased 3,998 square feet of space at Haverstick, 8250 Haverstick Road. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Citimark, was represented by Brian Fitzgerald of Citimark.

-CIBM Bank leased 3,200 square feet at Calico Corners, 5120 E. 82nd St. The tenant was represented by Philo Lange of The PB Lange Co. The landlord, The Promised Land Co., was represented Larry Davis and John Baker of Sitehawk Retail Real Estate.

-Friedman Dentistry, PC renewed its lease for 2,995 square feet at 16000 Prosperity Drive, Noblesville. The tenant was represented by Matt Kiger of Newmark Knight Frank Halakar. The landlord, AlfordKluth LLC, was represented by Brooke Sipe of Alliance Commercial Group.

-Vitamin Shoppe leased 2,705 square feet at Southtown Center, 4682 S. Scatterfield Road, Anderson. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Charles Street Associates LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.

-Qdoba Mexican Grill leased 2,472 square feet at Southern Plaza Shopping Center, 4200 S East St. The tenant was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, Southern Plaza LLC, represented itself.
 
-Bake My Day leased 1,973 square feet of retail space at County Line Corner, 8908 St. Peter St. The landlord, County Line Corner LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-Country Gardens leased 1,800 square feet of industrial space at Andrade, 10714 De Andra Drive, Zionsville. The tenant was represented by Tyler Wilson of Summit Realty Group. The landlord, Andrade LLC, was represented by Brady Clements of Skyline Property Group.

-Worland Cleaners leased 1,512 square feet of retail space at Green Meadows Shopping Center, 1546 N. State St., Greenfield. The landlord, Green Meadows LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.  

-Dr. Gregory Hale leased 1,150 square feet at Green on Meridian, 10291 N. Meridian St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Gibraltar, was represented by Jimmy Clark of Jones Lang Lasalle.

-IOC Designs leased 1,036 square feet of office space at 3520 E. 96th St. The landlord, Meridian Management, was represented by Ross Reller of Colliers International. The tenant represented itself.
 
-Flawless Nails leased 806 square feet of office space at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.  

-Farmers Insurance leased 800 square feet of retail space at County Line Corner, 8932 St. Peter St. The landlord, County Line Corner LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

Sales/acquisitions

March 18, 2013

-BFL Partners bought a 2,577-square-foot office building at 2015 Broad Ripple Ave. The buyer was represented by Bob Lindgren of Lee & Associates. The seller, John Compton, was represented by John Levinsohn of Levi Realty.

-Watson Holdings Inc., dba Buffalo Wild Wings, bought a 0.92 acre outparcel at Glendale Town Center, 6101 N. Keystone Ave. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Glendale Centre LLC, was represented by Jeff Wright of Kite Realty Group.

Madison County considers new reservoir on White River

March 16, 2013

Economic development officials are proposing a $300 million reservoir on the White River about 50 miles northeast of Indianapolis that would be a catalyst for new investments and jobs and would include marinas, boat docks and restaurants.

Casinos bet $19M at Statehouse with mixed results

March 16, 2013

The gambling industry spent more than $19 million lobbying at the Indiana Statehouse from 2000-2012, according to reports filed online by the Indiana Lobby Registration Commission.

Looser Indiana school voucher rules face questions

March 16, 2013

The fate of a proposal to expand Indiana's private school voucher program by making kindergartners and some other students immediately eligible could come down to something that no one seems to know — how much it will cost.

Trucks hits, kills man on I-70

March 15, 2013

States troopers investigating a reported deer strike along Interstate 70 instead discovered the body of a pedestrian. Johnny Cole, 33, died after being struck by a semi at about 1:30 a.m. Friday on the city’s far-east side. Police do not suspect alcohol was a factor in the accident. They believe Cole was standing in the center lane when he was struck.
 

Man, 67, killed in home invasion

March 15, 2013

A 67-year-old homeowner was shot to death at about 6:30 a.m. on the north side of Indianapolis by a home invader who fled in the victim’s car. Moments before he was killed, Thomas Teft and his wife were drinking coffee in their home in the 7800 block of Harcourt Spring Place when they heard someone enter through an unlocked sliding back door. Teft went to investigate and was shot by a man dressed in a ski mask and hoodie. The shooter escaped in a 2009 black Hyundai Sonata with license plate IW813 that had been parked in the driveway.
 

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