Express Scripts, WellPoint in contract fight
Pharmacy benefits manager Express Scripts Inc. said Tuesday it is in the middle of a contract dispute with WellPoint Inc., one of the biggest health insurers in the United States.
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Review: ‘Million Dollar Quartet’ national tour
If we must have a jukebox musical every season, let them all be this fun, professional, and tuneful.
Illinois tax breaks could trigger demand for more
Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state’s governor is expected to sign it.
City-County committee nixes tougher smoking ban
The City-County Council's Rules and Public Policy Committee voted 6-2 Tuesday night against sending a tough smoking-ban proposal to a full council.
Investment adviser Hauke agrees to plead guilty in $7M fraud
Prosecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
Proposed Broad Ripple parking garage gets zoning OK
The controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
Consultant: IPL’s downtown network needs closer eye
Atlanta firm says IPL underground system "well designed and regularly maintained" but may need upgrades to avoid more explosions.
Cops probe double homicide
Cumberland police worked late into the night Monday looking for evidence at the scene of a double homicide. The bodies of 7-year-old Kyleigh Crane and her 21-year-old uncle, Jeremy Crane, were found about 3 p.m. Monday inside a home in the small town just east of Indianapolis. Police believe they died of gunshot wounds and are awaiting autopsy results. Police said the two were last heard from alive about 10 a.m. Monday, when a relative talked to them by phone. The homicides are the first in Cumberland in three years.
Policeman kills man in shootout
An Indianapolis police officer shot and killed a 23-year-old man Monday night, police say, after the suspect opened fire on the officer during a traffic stop. Demetrius Martin of Indianapolis died in the shooting in the parking lot of Carriage House Apartments near 42nd Street and Mitthoeffer Road. Officer Dewey Runnels was shot in the left upper thigh and then fired back, police said. Runnels was hospitalized in good condition. Martin has been involved in at least a dozen previous police reports involving drugs, guns and assaults.
Rolling Stone, Bacardi to host Super Bowl bash
Rolling Stone magazine and rum maker Bacardi say they plan to throw a star-studded party the night before the Super Bowl at a renovated factory called The Crane Bay two blocks west of Lucas Oil Stadium.
Endocyte shares plunge on clinical trial results
Shares of Endocyte Inc. plummeted more than 60 percent Tuesday morning after clinical trial results showed the company’s experimental ovarian cancer drug led to shorter survival times than treatment with a standard cancer drug.
CEO: Steak n Shake poised for global growth
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
Cultural Trail leaders cancel plans for controversial statue
The Central Indiana Community Foundation and Indianapolis Cultural Trail Inc. have pulled the plug on a controversial sculpture depicting a freed slave.
U.S. retail sales increase for sixth straight month
Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
More renderings of proposed $83M Canal apartment tower
Check out some new renderings of the 26-story apartment tower proposed for along Ninth Street between Senate Avenue and the Central Canal.
East-side apartment complex target of $9M foreclosure
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and East 38th Street.
Residential
The average rate for 30-year mortgages fell from 4.25 to 4.24 percent for the week ended Dec. 7, according to Bankrate.com. The rate for 15-year mortgages was stable at 3.48 percent.
Sales/acquisitions
Caine Turley Real Estate LLC bought an 8,800-square-foot industrial building at 16469 Southpark Drive, Westfield. The price wasn’t disclosed. The buyer was represented by J.D. Graves of CBRE. The seller, Fifth Third Bank, was represented by Chris Price of Keller Williams.
Construction
Dixon Construction Group has been hired to oversee the construction of a 42,000-square-foot addition to Genesis Plastics Welding at 720 E. Broadway, Fortville.
Leases/leasing contracts
-Fresnius Medical Care leased 21,673 square feet at 1320 City Center Drive, Carmel. The tenant was represented by Tim Norton and Jon Jessup of Summit Realty Group. The landlord, Panattoni, was represented by R.J. Rudolph and Tom Osborne of Colliers International.
-Restaurant Technologies Inc. leased 13,095 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Frank McManus of UGL Equis. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5146-5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Flap Jacks leased 4,814 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Paul Rogozinski of Veritas Realty LLC. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Ossip Optometry leased 3,641 square feet of retail space at 54 Monument Circle. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Lacy Diversified Industries Ltd., was represented by Stephen Adams of Hokanson Companies Inc.
-Wanzer Edwards PC leased 2,939 square feet of office space at 55 Monument Circle. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Winthrop Realty Partners LP, was represented by Bennett Williams, Pete Anderson and Andrew Martin of Cassidy Turley.
–John A. Overman, DDS, leased 2,702 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Tully Bevilaqua LLC, dba Gym41, leased 2,700 square feet of industrial space at 5315 W. 86th St. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Indy Flex Investors LLC, was represented by Bryan Poynter of Cassidy Turley.
-Yo Joy Frozen Yogurt leased 2,358 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Stratim Group Inc. leased 1,634 square feet of office space at 3755 E. 82nd St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Clearwater Office LLC, was represented by Tom Hadley of Summit Realty Group.
-Senior Home Companions leased 1,511 square feet of office space at 8445 Keystone Crossing. The tenant and landlord, Northside Realty Partnership, represented themselves.
-SpinWeb leased 1,465 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.