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Sales/acquisitions

-New York-based Embassy Group bought the 478-unit Chesapeake Landing apartments at 3640 Beluga Lane. The price wasn’t disclosed. The buyer, which has renamed the complex Astoria Park, and seller, GE Capital Real Estate, were represented by Tikijian Associates.

-Greenwood-based EMK Property Investors bought 104-unit Harbour Town Apartments on Morse Reservoir, Noblesville. The property was listed for $4.25 million. The sale price wasn’t disclosed. The buyer and seller, Los Angeles-based RPD Catalyst, were represented by Tikijian Associates.

-1560 W. Raymond Street LLC bought Frontier Transport, a 27,500-square-foot industrial building at 2170 S. Harding St. The price wasn’t disclosed. The buyer was represented by John Demaree of Summit Realty Group.  The seller, Margie J. Cook, was represented by Bob Dominguez and Ross Reller of Colliers International.

-KLC Realty LLC bought a 6,500-square-foot freestanding retail building at 6029 W. 10th St. The price wasn’t disclosed. The buyer was represented by Joe Tarpey and Greg Smith of Colliers International. The seller, ONB Realty I LLC, was represented by Jim Karozos of Lee & Associates.

Judge rules Charlie White ineligible for candidacy

A Marion County judge has ruled that Secretary of State Charlie White was ineligible to be a candidate and the office should go to Democrat Vop Osili, his challenger in the 2010 election.

Indictment: Durham looted Fair Finance

Indianapolis financier Tim Durham was indicted on wire and securities fraud charges in March—the culmination of a federal probe that began in 2009.

State’s economy still stuck in neutral

The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.

Patent expirations up pressure on Lilly

Eli Lilly and Co. lost patent protection on its $5-billion-a-year best-seller Zyprexa in October, plunging the company into the long-awaited zone of uncertainty that it calls “Years YZ.”

Las Vegas calamity saps IndyCar momentum

IndyCar Series CEO Randy Bernard racked up a number of accomplishments early in 2011 but was buffeted by challenges late in the year—most notably a crash at a Las Vegas race in October that left one driver dead and the future of the series mired in uncertainty.

Rolls-Royce relocates 2,500 jobs to downtown

The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being renamed the Rolls-Royce Meridian Center.

Spate of Indiana firms lines up for IPOs

The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another $31 million by selling some of their holdings.

Far-flung areas court Super Bowl spending

Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.

Real estate meltdown leaves developers reeling

It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.

State unlikely to revive natural-gas grandeur

Indiana was once the world’s capital for natural-gas production, but recent advances in drilling and resource-recovery technology are not likely to revive those glory days anytime soon because of a combination of human-made and natural obstructions.