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Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.
Crude-oil production jumped 8.3 percent in Indiana in 2011, to just under 2 million barrels—the highest output in a decade, according to data from the Indiana Department of Natural Resources.
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar expansion that will upgrade its e-commerce systems.
Rolls-Royce Corp. said Tuesday that its landed a $315 million contract from Pratt & Whitney for its LiftSystem, which enables short takeoffs and vertical landings by the U.S. Marine Corps’ F-35B aircraft.
The deteriorating Thomas Taggart Memorial in Riverside Park is the only Indianapolis property on this year's 10 Most Endangered list from Indiana Landmarks.
Cummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American market, the Columbus-based manufacturer said Tuesday morning.
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
Frontier Airlines says it will cut 11 flights out of Milwaukee and put 125 workers on furlough effective June 1.
CNO Financial Group Inc. on Monday reported first-quarter earnings of $59.1 million, a 30-percent increase from the $45.1 million it earned in the same quarter last year.
Duke Energy Corp. has agreed to cap the cost of its troubled coal-gasification plant in southwestern Indiana at $2.6 billion, or about $700 million less than the expected cost of construction, as part of a proposed settlement announced Monday.
The average rate for 30-year mortgages fell from 4.10 percent to 4.09 percent in the week ended April 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.32 percent to 3.28 percent.
-The U.S. Attorney’s Office leased 44,412 square feet of office space in Market Tower, 10 W. Market St. The tenant was represented by Tim Craft of CBRE. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Andy Martin, Darrin Boyd and Bennett Williams of Cassidy Turley.
-A&A Industrial Supply Inc. leased 12,000 square feet of industrial space at 5719 Kopetsky Drive. The tenant was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The landlord, Gateway South LLC, was represented by Brian Dell of Summit Realty Group.
-EFI Global Inc. renewed its lease for 6,406 square feet of industrial space at 8091-8105 Center Run Drive. The tenant was represented by Kevin McCarron of CLW Real Estate Services Group Inc. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Mattress Firm leased 4,080 square feet of retail space in The Shoppes at River’s Edge, 4335 E. 82nd St., Suite 107. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, River Retail LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.
-Accelerated Health Systems leased 3,200 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Jonathon Sharp of HAS Commercial Real Estate. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Panchero’s Mexican Grill leased 2,550 square feet of retail space in The Shoppes at River’s Edge, 4335 E. 82nd St., Suite 105. The tenant was represented by Donna Hovey of CBRE. The landlord, River Retail LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.
-Grandbridge Real Estate Capital LLC leased 2,126 square feet at 11711 N. Pennsylvania St. The tenant was represented by Rick Trimpe of CBRE. The landlord, North Pennsylvania Associates LLC, was represented by Mike Napariu of REI Real Estate Services LLC.
-DJ’s Hot Dog leased 2,030 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit U. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Altered Image renewed its lease for 1,700 square feet of retail space in Avon Creek, 10030 U.S. Highway 36, Avon. The landlord was represented by Sandor Development. The tenant represented itself.
-Art Nails renewed its lease for 1,650 square feet of retail space in Dori Plaza, 8315 E. Washington St. The landlord was represented by Sandor Development. The tenant represented itself.
-H&R Block renewed its lease for 1,600 square feet at Emerson Commons Shoppes, 6815 S. Emerson Ave. The tenant was represented by Kathryn Sulich of Cassidy Turley. The landlord, First Emerson Commons Way LLC, was represented by John Baker of Sitehawk Retail Real Estate.
-Conway Communications Inc. leased 1,400 square feet of retail space in Southport Commons, 2134 W. Southport Road. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, Belport LLC, was represented by Keith Kleinmaier of Retail Realty Inc.
-Coner’s Auto Sales leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. US 31, Whiteland. The tenant and landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.
-Perfect Nails renewed its lease for 1,200 square feet of retail space at Indy Pavilions, 7035 E. 96th Street, Unit J. The landlord was represented by Sandor Development. The tenant represented itself.
-Check ‘n Go renewed its lease for 1,080 square feet of retail space in Esquire Plaza, 8201 Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.
-Nima Salon leased 700 square feet of retail space at Esquire Office Complex, 8375 Pendleton Pike, Suite 400. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
Pulte Homes of Indiana LLC bought Persimmon Grove, a 36.8-acre, unfinished residential development in Avon near Ronald Reagan Parkway and County Road 200 North. The price wasn’t disclosed. The buyer was represented by Janie Posey of Re/Max Excel. The seller, Bay Street Holdings LLC, a unit of BMO Harris bank, was represented by Bob Lindgren, Stan Elser and Mike Kensill of Lee & Associates.
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
Celadon Group Inc. announced Monday that it has named Eric Meek as executive vice president, chief financial officer and treasurer, effective immediately, as part of a succession-planning process.
BioCrossroads Inc. has raised an $8.25 million seed fund in its second attempt to help startup life sciences companies grow to the point where they can attract venture capital or a corporate funder.
Health insurance customers in Indiana will get an estimated $16.5 million in rebates this year, but the average amount received per person will be less than the national average and less than 3 percent of the total cost of coverage.
Indianapolis Colts Punter Pat McAfee said he plans to give away 375 pairs of tickets to Monday night’s NBA playoff game between the Indiana Pacers and the Orlando Magic. McAfee, via Twitter, said the tickets will be given away starting at 4:30 p.m. during “Pat’s Pacer Playoff Party” in the Home Court Gift Shop at Bankers Life Fieldhouse. The game begins at 7:30 p.m. The Pacers trail in the best-of-seven series 1-0.
The body of a missing woman was discovered early Monday morning in a swimming pool at a vacant Madison County home in Edgewood, just west of Anderson. Police found the body of 83-year-old Wilma Ewing about 1 a.m., about a half-hour after family members reported her missing. Ewing’s vehicle was seen at the vacant home in the 500 block of Central Way, prompting a search of the property. Police said they do not suspect foul play.
Danville-based Hendricks Regional Health announced that Dr. John Sparzo will become the hospital system’s interim CEO on June 1 after current CEO Dennis Dawes retires. Sparzo is Hendricks Regional’s vice president for medical affairs. Hendricks Regional has hired an executive search firm to conduct a national hunt for a permanent replacement for Dawes, who has led Hendricks Regional for 38 years.
Fuad Hammoudeh has joined St.Vincent Cancer Care as executive director. He has been Indiana University Health’s administrator of cancer programs since 2005. Before that, he was CEO of the University of Tennessee Cancer Institute. And from 1986 to 1994, Hammoudeh was CEO of Hancock Regional Hospital in Greenfield. He holds a bachelor’s in political science from Manchester College and a bachelor’s in accounting from St. Joseph College.
The Indiana University National Center of Excellence in Women's Health named Teri Duell to a newly created position of operations director. Duell previously worked in the office of gift development at the IU School of Medicine. Also, IU named Tisha Reid the associate director of the IU National Center of Excellence in Women’s Health. Reid previously worked as the outreach manager of the Indiana Clinical Translational Sciences Institute’s Community Health Engagement Program.
Indianapolis-based HealthNet Inc., a not-for-profit network of Indiana health care centers, named J. Cornelius “Jimmy” Brown its new CEO. He will succeed Booker Thomas, who is retiring June 11 after more than 12 years leading HealthNet. Brown most recently served as vice president of corporate services and community affairs at Swope Health Services in Kansas City, Mo. Previously, he was president and CEO at Dallas Southwest Medical Center in Texas. Brown retired as a lieutenant colonel from the U.S. Air Force in 1992. He holds a master’s degree in public administration, with an emphasis in health care management, from the University of North Dakota. He earned a bachelor’s in public administration from North Texas State University.
