Marsh Supermarkets CEO resigns after just 1 year
Marsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the locally based chain launched a search for its third chief executive in a little more than a year.
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Mourdock says he expects to win GOP Senate bid
State treasurer Richard Mourdock said Tuesday morning that he's "reasonably optimistic" he'll defeat six-term incumbent Sen. Richard Lugar in Indiana's Republican primary.
IPS expels student over stun gun
A 17-year-old boy who said he took a stun gun to school to protect himself from bullies who tormented him because he was gay has been expelled. Indianapolis Public Schools issued a statement Tuesday confirming the expulsion of Darnell Young from Arsenal Technical High School through the fall semester. Young’s mother said she gave her son the stun gun because he was often bullied at school for wearing female apparel. IPS said in the statement that it offers anti-bullying programs and support through the Gay Straight Alliance, but has a no-tolerance policy regarding weapons.
Pacers-Magic game almost sold out
The Indiana Pacers box office expects to sell out the few dozen remaining tickets for Tuesday night’s Game 5 against the Orlando Magic by 5 p.m., two hours before game time. The Pacers lead the Magic 3-1 in the best-of-seven series and hope to close out their first NBA playoffs series victory since 2005. Most of the remaining tickets are single seats in the balcony of Bankers Life Fieldhouse. At last check, more than 400 tickets were available on StubHub, ranging in price from $18 for a balcony seat to $515 for courtside.
Man killed in west-side home invasion
Indianapolis police say a man was shot to death Tuesday morning during a home invasion on the west side. Mark Fuller, 43, died at the scene in the 3900 block of Kalmar Drive, near the Indianapolis Motor Speedway, about 3:30 a.m. Detectives believe Fuller and his girlfriend were asleep when three males forced their way into the house, demanded money and shot Fuller. Two teenagers were also inside the home, but they escaped unharmed. Police are looking for suspects.
Litigious Aristocrat owner seeks parking variance after opposing one for Calle 52
The owner of Aristocrat Pub & Restaurant fought all the way to the Indiana Supreme Court against a parking variance for a proposed competitor, but now he’s seeking a similar variance of his own.
Purdue announces $33 million energy plan
Purdue University plans to demolish an old coal-burning boiler, convert another coal-burning boiler to natural gas and install a natural gas-fired combined heat and power unit as part of a new comprehensive energy plan.
Local election sites seeing light turnout
Marion County Clerk Beth White said she expects voter turnout for the Tuesday primary to be about 20 percent, much lower than the 37-percent participation in the 2008 primary. Without a presidential primary this time around, Democrats don’t feel as much urgency to vote, White said.
KAR Auction revenue up, profit down
Carmel-based KAR Auction Services Inc. saw revenue climb but profit shrink in the first quarter, the company said Monday.
Butler University directed to spend more on male athletes
Butler University has learned that it is violating U.S. civil rights laws because it isn’t spending enough money on its male athletes. It also was directed to get more women involved in intercollegiate sports.
Roche scraps hoped-for cholesterol blockbuster
A second experimental cholesterol medicine in a once-promising class of drugs meant to replace blockbusters such as Lipitor has failed in testing, casting doubt on whether any of the drugs will ever make it to pharmacies. Eli Lilly is developing a similar drug.
Massa sworn in as Indiana’s new Supreme Court justice
Indiana's newest Supreme Court justice says the court and its justices are "fallible" and that public institutions should acknowledge that they won't always get things right.
City, development group agree to protect Mallory site
Those seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch of East Washington Street.
Residential
The average rate for 30-year mortgages fell from 4.09 percent to 4.05 percent in the week ended May 2, according to Bankrate.com. The rate for 15-year mortgages fell from 3.28 percent to 3.25 percent.
Leasing/leasing contracts
-OHL, a third-party logistics provider, renewed its lease of a 413,280-square-foot distribution facility at 1100 Whitaker Road, Plainfield. The tenant was represented by Andrew Morris of Summit Realty Group and Steve Schwegman of Jones Lang LaSalle. The landlord, Transpacific Development Co., represented itself.
-Carrington Mortgage Services LLC leased 34,609 square feet of office space at 10500 Kincaid Drive, Fishers. The landlord, Kincaid Developers Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-HFH Collision LLC, d/b/a Hubler Collision, renewed its lease for 25,000 square feet of industrial space at 9031 Technology Drive, Fishers. The tenant was represented by Kelly Williams and Ray Simons of Cassidy Turley. The landlord, The Ruzbasan Revocable Living Trust, was represented by Mark Writt of CBRE.
-GE Capital Real Estate leased 16,644 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Kathryn Sobotowski of Summit Realty Group. The landlord, True North Management Group LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Cork Medical LLC leased 7,896 square feet of industrial space at 6406 Castleway Court. The tenant was represented by Nick Galvin and Michael Cook of UGL Services. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-AdminiStar Federal Inc. leased 6,337 square feet of office space at 8120-8160 W. Castleway Court. The tenant was represented by Allen Trowbridge of CresaPartners. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Furniture Installers leased 5,013 square feet of industrial space at 7750 N. Zionsville Road. The tenant was represented by Glenn Davis of Colliers International. The landlord, C III Asset Management LLC, was represented by Michael Weishaar of Cassidy Turley.
-R&R Logistics leased 3,600 square feet of industrial space at 8164 Zionsville Road in Park 100. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, ProLogis, was represented by Jason Speckman of Summit Realty Group.
-Neptune Society leased 2,713 square feet at River Ridge Crossing, 4825 E. 96th St. The tenant was represented by Stephen Daum of Summit Realty Group. The landlord, Broadbent Co., was represented by Broadbent’s John Beouy.
-Potter Inc. leased 1,790 square feet of industrial space in Stony Creek Industrial Park, 15268 Herriman Blvd., Noblesville. The tenant was represented by Herb Feldmann of Lee & Associates. The landlord, Herriman & Keeler, was represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.
-Executive Image Building Services leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Big Red Inc. leased of 1,438 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Indiana District of Kiwanis International leased 1,250 square feet of office space at 6415 W. Castleway Drive. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Boost Mobile leased 1,200 square feet of retail space in George Thomas Plaza, 1014 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Chad Whaley leased 1,188 square feet of office space at 1060 N. Capitol Ave. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Turner James Investments, was represented by Anne Jester of Turner James Investments.
Sales/acquisitions
-The Redeemed Church of God Covenant House bought 14 acres of land at 5370 Lafayette Road. The price wasn’t disclosed. The seller, Lafayette Road Properties LLC, was represented by Bill Flanary of Cassidy Turley. The buyer represented itself.
-Ashmur LLC bought a 5,578-square-foot office building at 5948 N. College Ave. The price wasn’t disclosed. The buyer was represented by Kevin Gillihan of Jones Lang LaSalle. The seller, Ossip Optometry PC, was represented by Jacque Haynes and Bennett Williams of Cassidy Turley.
Indiana early voting down despite Lugar-Mourdock race
Early voting has wrapped up ahead of Indiana's primary, with the Republican Senate race between Richard Lugar and Richard Mourdock not grabbing voter interest like the Democratic presidential primary did four years ago.
Lilly: Forget Alzheimer’s; think diabetes
For more than a year, Eli Lilly and Co. has been viewed by investors as a laggard stock with one, slim shot at producing a huge jackpot: its experimental Alzheimer’s drug. But now company leaders are trying to direct investor attention toward the drugmaker’s diabetes portfolio.
State’s high court to weigh hospital bills
The Indiana Supreme Court this week will consider whether hospital billing practices should be put on trial. The state’s highest court will hear oral arguments Thursday in a case in which two uninsured patients have sued Indiana University Health for charging them much higher prices than it would have charged insured patients.
Police nab three car-theft suspects
Police in Boone County believe they have broken up a suspected car-theft ring that stole or broke into as many as 15 cars. Two 18-year-olds and a 19-year-old were taken into custody Sunday morning after police responded to a report of a car theft in progress about 4:30 a.m. at the Royal Run subdivision in Zionsville. Police arrived in time to see the suspects driving away from the neighborhood. After a short chase, the suspects crashed the vehicle into a utility pole. Two of the suspects were immediately captured. A third fled the scene but was taken into custody several hours later.