What’s New: CrossFit NapTown
This week, we meet ex-IUPUI soccer players Peter Brasovan and Jared Byczko, who opened CrossFit NapTown last month in a Delaware Street building that once housed an FBI tactical team.
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Midwest farmland value jumps most since 1977, Fed says
Farmland values in the U.S. Midwest surged 25 percent during the third quarter, the most since 1977, as higher grain and livestock earnings boosted demand for acreage, the Federal Reserve Bank of Chicago said.
Life Time buys out Lifestyle; 2 Indy fitness centers closing
Florida-based Lifestyle Family Fitness plans to close two of its facilities in Indianapolis—at 82nd Street near Dean Road and along Shelby Street just south of Stop 10 Road—by the end of November.
INSIDE DISH: Brewpub beats sales goals in rocky first year
With an $80,000 nut and some luck with bank loans, D.J. McCallister has beaten staffing woes and an unforeseen sales slump to make newcomer Black Swan Brewpub a break-even enterprise.
Video store clerk stabbed to death
An adult video store clerk was stabbed to death in Bloomington on Monday night. Police say Lauren Kahn, 47, was stabbed multiple times during an apparent attempted robbery at Garden of Eden in the 700 block of South Walnut Street. She was taken to IU Health-Bloomington, where she died of her injuries. Michael Angle, 26, turned himself into police and admitted to the crimes, police said. He is charged with murder and attempted robbery.
Tornado strikes southern Indiana
A tornado struck a southern Indiana town Monday night, tearing the roof off the police and fire headquarters and leaving debris piled on the courthouse square. The National Weather Service said the storm damaged numerous buildings in the Orange County town of Paoli, about 40 miles northwest of Louisville. The town had widespread power outages following the storm, but no injuries were reported. The weather service said the damage was done by a tornado with winds of about 95 mph. Several homes and businesses had roofs torn off or windows blown in.
Potential Lilly drug doubles good cholesterol
Eli Lilly and Co.’s experimental drug doubled levels of good cholesterol in a study, setting up a race with Merck & Co. and Roche Holding AG to develop a new class of medicines to lower heart risk.
Pacers urge Stern to go for the jugular in labor dispute
According to NBA sources, the league’s labor relations board recently received a letter from 10 owners, including Pacers' owner Herb Simon, strongly opposed to the final offer Stern put on the table offering a 50-50 revenue split with players.
Indiana National Guard opens biggest armory in state
The Indiana National Guard has opened a new $27 million training facility in Franklin that is the largest of its 65 armories around the state.
U.S. high court takes Indianapolis sewer case
The Supreme Court of the United States agreed Monday to review a case that questions whether the city of Indianapolis violated the U.S. Constitution in how it handled refunds for residents who paid assessments on local sewer projects.
Cash-strapped Arcadia seeks DailyMed buyer
The Indianapolis-based company is searching for a buyer for its once-promising DailyMed pharmacy service as it struggles to pay $30 million in debt that comes due in April.
Purdue, IU rank high in international students
The Institute of International Education says Purdue University has 7,500 international students at its West Lafayette campus, while Indiana University has 5,400 in Bloomington.
Republic to cut 220 Frontier jobs in turnaround bid
Frontier Airlines will cut 4.4 percent of its work force as it reduces flight operations in Denver and Milwaukee after Indianapolis-based parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.
Indiana legislative panel endorses test of iPads
An Indiana legislative panel endorsed a pilot program Monday that would equip two General Assembly committees with iPads in the upcoming session as part of a push to cut the amount of paper used to print copies of bills for lawmakers.
ISO reports smaller deficit, bigger endowment
The parent organization of the Indianapolis Symphony Orchestra said its expenses exceeded revenue by $1.7 million on a budget of $25.6 million for the 2010-2011 fiscal year. The deficit was $1 million less than a year ago, while the ISO endowment grew by $5.5 million.
Residential
The average rate for 30-year mortgages rose from 4.23 percent to 4.25 percent for the week ended Nov. 9, according to Bankrate.com. The rate for 15-year mortgages rose to 3.5 percent from 3.48 percent.
Construction
Capitol Construction has completed a 1,600-square-foot renovation of a Starbucks at 645 W. 11th St.
People
–Stephen J. Adams and Christopher M. Horsley have been promoted to vice president at Hokanson Cos. Inc.
–Jack Hogan has joined the landlord leasing team at Jones Lang LaSalle.
–Don Hammersley has joined JBM Contractors Corp. as a project engineer and Richard Smith has joined JBM as a senior project manager/estimator.
Logistics company plans 315 jobs in North Vernon
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
Leases/leasing contracts
-Interactive Intelligence expanded its leased space by 65,000 square feet in Woodland Corporate Park I, 7602 Woodland Drive, and Woodland Corporate Park VI, 7635 Interactive Way. The tenant was represented by Jeff Harris of NAI Meridian. The landlord, Duke Realty, was represented by Duke’s Traci Kapsalis.
-Mattress Firm leased 32,800 square feet at North by Northeast Distribution Center, 9901 Kincaid Drive, Fishers. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, Prologis-North Carolina Limited Partnership, was represented by Chip Barnes and Matt Dickerson of Jones Lang LaSalle.
-County Line Emporium leased 26,600 square feet at Summerfield Crossing, 11 Declaration Drive, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Donald Cowden Revocable Trust, represented itself.
-Pulte Homes of Indiana LLC leased 12,719 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC.
-International Business Machines Corp. leased 12,175 square feet at 8888 Keystone Crossing. The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Blueberry Hill Pancake House leased a 5,910-square-foot building at 460 Town Center Road, Mooresville. The landlord, Lim Revocable Trust, was represented by Tracey Holtzman of Midland Atlantic. The tenant represented itself.
-Archway Technologies LLC leased 9,908 square feet at 9100 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Lloyd Meister leased 7,578 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Texas Corral leased 7,000 square feet at 2103 Intelliplex Drive, Shelbyville. Both the tenant and landlord, Spirit Master Funding IV LLC, were represented by Michael Cranfill and Steve Delaney of Sitehawk Retail Real Estate.
-Lincoln National Life Insurance Co. leased 5,159 square feet at 8900 Keystone Crossing. The tenant was represented by Kim Hartman of Colliers International. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Strategic Marketing Affiliates Inc. leased 3,403 square feet at 8900 Keystone Crossing. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Dr. Leanne Shiro of Shiro Chiropractic leased 1,983 square feet of retail space at Fairview Corners, 520 N. State Road 135, Suite R, Greenwood. The landlord, Fairview Corners LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.
-Hillhouse and Mulligan leased 1,600 square feet of industrial flex space in Brookville P-52, 8402 Brookville Road. The landlord, Brookville P-52 LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.
-Little Caesar’s leased 1,600 square feet of retail space in Heartland Village Shoppes, 8411 Windfall Lane, Camby. The landlord, Heartland Village Shoppes LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.
-Maribel Rivera leased 1,504 square feet of retail space in Michigan Road Plaza, 7841 Michigan Road. The landlord, Michigan Road Plaza LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant was represented by Kelli Membreno of Libertad Real Estate LLC.
-Sports Clips leased 1,300 square feet at 11725 Fox Road. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, Fox Road LLC, represented itself.
-Gresk & Singleton leased 888 square feet at Greenfield Corner Shoppes, 176 E. New Road, Greenfield. The landlord, Midland Atlantic, was represented by Midland Atlantic’s Jeff Hubley. The tenant represented itself.