Kite Realty seeks $52 million in share offering
Kite Realty Group Trust Inc. is selling 10.5 million new shares at $5.20 per share in an offering set to raise at least $52 million for the Indianapolis-based retail developer.
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Union: Indiana tech jobs at Cummins expected safe
A union president says no layoffs are planned among the research, technical and support employees at Indiana operations as engine maker Cummins Inc. makes cutbacks.
Club for Growth spends $600,000 on anti-Donnelly ad
A club spokesman said the TV ad will show the Democratic U.S. Senate candidate is "just another liberal" who supported Washington spending.
Money for counties key to Indiana penalty change
Indiana lawmakers are trying to find the money to help counties handle more low-level felons in work release and other local programs rather than send them to state prison.
Lawyer: Girls hoops schedule decree sets precedent
A federal consent decree in which 10 southeastern Indiana high schools agree to schedule girls and boys basketball games equally on Friday and Saturday nights sets a legal precedent for the entire state, one of the attorneys in the case said Tuesday.
IndyCar could get boost from unlikely ally
NBC officials are confident their new deal to broadcast Formula One races will help grow the IndyCar Series audience, not divert attention from the American circuit.
NCAA’s moves over betting ‘ludicrous,’ N.J. official says
The NCAA is "ludicrous and hypocritical" for moving five championship games out of New Jersey next year because the state plans to offer legalized sports betting, a spokesman for New Jersey Gov. Chris Christie said.
Mom, daughter accused of drug dealing
An Anderson nurse and her daughter were arrested Monday for insurance fraud and dealing prescription drugs. Police said Paula Bolt, 60, and Kelly Bolt, 41, face felony charges of dealing in a controlled substance and obtaining a controlled substance by fraud. Police say they filled out fake prescriptions and health insurance claims to get the drugs beginning in December 2011. The younger Bolt told The Associated Press that the charges are false.
Biz owner charged with arson
The owner of an Indianapolis auto-repair shop has been arrested and preliminary charged with arson. Authorities say James Lee Jenkins, 30, set his own business on fire Sept. 12. The building housing Jimbo’s Complete Auto Repair, 2955 Kentucky Ave., sustained heavy smoke, water and fire damage. Investigators say Jenkins may have had an accomplice.
Jail escapee nabbed in Greenfield
A 100-pound inmate who escaped from the Henry County Jail was captured about 11 p.m. Monday in Greenfield after more than 17 hours on the loose. David Kline, 29, was taken into custody at the Dollar Inn in the 2100 block of North State Street, nearly 30 miles from where he escaped. Kline, who was arrested Oct. 2 for unlawful possession of a firearm by a serious violent felon and intimidation, escaped early Monday morning through a hole in the roof.
Hillenbrand paying $530M for German company
The Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the funeral care business.
ISO musicians take big pay cut to end contract dispute
Management and musicians at the Indianapolis Symphony Orchestra have reached a labor-contract agreement, effectively ending a month-long lockout, the musicians' union announced Tuesday morning.
City or town? Confusing ballot to determine fate of Fishers
A group of Fishers residents is crying foul over questions on the November ballot that will determine whether Fishers remains a town, becomes a “reorganized” city with a council and city manager, or a traditional city with an elected mayor.
Colts’ Luck puts name on autograph deal
Andrew Luck this month signed a multiyear deal making him the first NFL player to market autographed memorabilia for Italian company Panini Authentic.
Ingram Micro completes acquisition of BrightPoint
Ingram Micro Inc. said Monday that it has completed its roughly $840 million acquisition of Indianapolis-based mobile-device logistics provider BrightPoint Inc.
Roundup: Fat Dan’s Deli, McNamara, Teddy’s Burger
Retail and restaurant vacancies are disappearing at a rapid clip around Indianapolis. Find out which concepts are coming soon.
GOP dominates latest money race for Senate, governor
Republican gubernatorial candidate Mike Pence reported raising $2.9 million to Democrat John Gregg's $1 million, and Senate candidate Richard Mourdock raised $3 million to Democrat Joe Donnelly's $1.5 million. The amounts account for money raised in July, August and September.
Donnelly, Mourdock needle each other on weaknesses
Republican Richard Mourdock and Democrat Joe Donnelly faced off Monday for the first time in a debate that saw them repeating many of the hard-edged charges that have marked their contentious campaign to be Indiana's next U.S. senator, but they landed few blows.
City-County Council passes controversial budget
The Indianapolis City-County Council approved a budget Monday night that relies on a $15 million payment from a tax-exempt entity, likely setting the stage for a legal battle, plus difficult negotiations with Mayor Greg Ballard.
Sales/acquisitions
-Ambrose Property Group LLC bought Circle Tower, a 110,000-square-foot office building at 55 Monument Circle. The buyer was represented by Aasif Bade of Ambrose Property Group. The seller, Winthrop Management LLC, was represented by Matt Langfeldt, Rich Forslund and Alex Cantu of Summit Realty Group.
-Michigan Realty LLC bought Crooked Creek Centre, a 52,491-square-foot retail center at 79th Street and Michigan Road. The seller, Crooked Creek Centre CSFB 2004-C3 LLC, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.
-Zionsville Realty Partners LLC bought an 80,460-square-foot industrial property at 7750 N. Zionsville Road. The buyer was represented by Chip Barnes and Matt Dickerson of Jones Lang LaSalle. The seller, C III Asset Management, was represented by Michael Weishaar of Cassidy Turley.
-Triple HB Ventures LLC bought a 14,040-square-foot industrial property at 1740 S. High School Road. Both the buyer and seller, Black-Hebert Lumber Co., were represented by Fritz Kauffman of Cassidy Turley.