Zoning board rejects Broad Ripple parking garage proposal
Members of the board voted 5-0 to reject the variance that would have allowed Keystone Group to build the garage and retail development below the city’s recommended flood plain.
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INSIDE DISH: Husband-wife team revive sushi joint’s reputation
Scott and Debbie Bennett sank their savings into purchasing Greenwood's Yokohama, which had a past peppered with disappointed patrons.
Performance considered in Indianapolis teacher layoffs
The planned layoff of about 80 teachers by Indianapolis Public Schools will be among the first under a new state law that allows teacher performance to be considered in deciding who will be let go.
Pregnant teacher shot to death
Richmond police detectives are looking for suspects after a pregnant teacher was shot to death in her car Monday morning on the south side of the city 70 miles east of Indianapolis. Tonawanda Thompson, 32, was shot three times in the upper torso at the intersection of South 20th and G streets. Thompson, a mother of a teenage daughter and a sixth-grade teacher at Fayette Central Elementary School in Connersville, was 28 weeks pregnant. Her unborn baby could not be saved.
Cumberland couple denies neglect
A Cumberland couple accused of leaving two young children alone inside a filthy home pleaded not guilty Tuesday to neglect charges. Bruce Daniel Jr. and Clarissa Brewer were arrested last week and charged with neglect of a dependent. Police arrived to the couple’s apartment after a neighbor reported she found two infants, ages 3 months and 16 months, alone in their cribs. Officers noted the apartment smelled of urine and had mold in the refrigerator. The couple eventually came home and told police they went out to get some food. Police said they admitted they had smoked marijuana on the way home. A trial date was set for May 24.
Stern optimistic about Pacers
National Basketball Association Commissioner David Stern said Monday that he’s not overly concerned about the Indiana Pacers’ attendance problems. Despite having the fifth-best record in the NBA this season, the team ranked second-to-last in home attendance, averaging 14,168 fans. Stern, speaking at halftime of the Pacers’ playoff victory over Orlando on Monday, acknowledged the numbers are below where they should be, but expressed confidence that the team’s revamped front office will bring the number up. "They've put together a pretty impressive plan to get this to where it should be," Stern said. "The team is pretty good and the attendance is not, but I think the organization is ready to move."
Colts’ Irsay touches hot button with hotel issue
It's true, you don't build a church for Easter Sunday. Here's another truth; Indianapolis isn't getting a second Super Bowl unless another big, posh downtown hotel is built. So what's the city to do?
Local real estate developer files for bankruptcy
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.
Indiana oil production surges amid high prices
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.
Finish Line plans to add 327 jobs as part of expansion
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.
Production on Rolls-Royce LiftSystem picks up steam
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.
Taggart Memorial returns to Landmarks’ endangered list
The deteriorating Thomas Taggart Memorial in Riverside Park is the only Indianapolis property on this year's 10 Most Endangered list from Indiana Landmarks.
North American growth propels Cummins’ profit
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.
Power-grid software maker lands $7M in venture capital
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 to cut 11 flights from Milwaukee
Frontier Airlines says it will cut 11 flights out of Milwaukee and put 125 workers on furlough effective June 1.
CNO quarterly earnings jump on stronger sales
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.
Indiana announces proposed Duke Energy settlement
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.
Residential
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.
Leases/leasing contracts
-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.
Sales/acquisitions
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.