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Big Brothers Big Sisters names new CEO

October 25, 2011

Interim leader Darcey Palmer-Shultz has been named the new CEO at Big Brothers Big Sisters of Central Indiana, the not-for-profit announced Tuesday.

Drug Take Back program set for Saturday

October 25, 2011

The third national Prescription Drug Take Back program is set for this Saturday. From 10 a.m. until 2 p.m., almost all Indiana State Police posts will act as drop-off sites for expired, unused or unwanted prescriptions drugs. The initiative's goal is to stem prescription-drug abuse and theft. The program is free and anonymous. Police at 60 agencies collected and destroyed more than 8,000 pounds of drugs during a similar event in April. Click here for a list of drop-off locations.

Teen dies in police chase

October 25, 2011

A teenager who walked away from a western Indiana youth home has died from crash injuries he suffered after he and two others carjacked a pickup truck, state police say. The 17-year-old boys were reported missing Monday night from Gibault Children's Services in Terre Haute. They are suspected of attacking a man in an attempted carjacking and later beating another man before stealing his truck. The truck hit a light pole and several vehicles at a car lot when a trooper tried to stop it minutes later. The driver ran off but was caught nearby. Both passengers were taken to an Indianapolis hospital, where Therlow Pope IV of Gary died Tuesday after suffering head injuries.

Lilly pulls Xigris off market after sepsis drug fails study

October 25, 2011

Eli Lilly and Co. said it will pull its Xigris sepsis drug from all markets after the treatment failed to reduce mortality in a study. The withdrawal may cost Lilly $75 million to $95 million in the fourth quarter.

Interactive Intelligence shares sink after quarterly report

October 25, 2011

Interactive Intelligence Group Inc. shares fell more than 25 percent Tuesday morning after the Indianapolis-based software maker reported disappointing profit in the third quarter.

Cummins Inc. profit soars on huge growth in sales

October 25, 2011

Cummins Inc. reported a 60-percent increase in third-quarter profit as revenue soared 36 percent over the same quarter a year ago.

International Center CEO downsizes in style

October 25, 2011

A widow and empty-nester, Diane Thomas makes space count in her ‘little’ 1920s-era home in the Meridian Kessler neighborhood.

Simon boosts forecast as quarterly results exceed expectations

October 25, 2011

Indianapolis-based shopping mall giant Simon Property Group Inc. reported funds from operations that beat analyst estimates and raised its full-year forecast as income from rents rose.

State lawmakers look to boost college research

October 25, 2011

A study committee's draft report says improved coordination between the state's research universities and industries could improve the economy and spur job growth in the state.

FDA approves first generic versions of Zyprexa

October 25, 2011

Federal health officials on Monday approved the first generic versions of the blockbuster drug Zyprexa, which posted sales of $5.7 billion last year for Indianapolis-based drugmaker Eli Lilly and Co Inc.

College athletes push for NCAA reforms, money

October 25, 2011

More than 300 major college football and men's basketball players are telling the NCAA and college presidents they want a cut of ever-increasing TV sports revenue to fatten scholarships and cover all the costs of getting a degree.

IU to offer tuition discount for summer classes

October 25, 2011

Indiana University will cut tuition for undergraduates enrolled in summer classes to make college more affordable and decrease the amount of time needed to earn a degree, President Michael McRobbie said Monday.

Indy Schools chief demands charter investigation

October 24, 2011

The Indianapolis Public Schools superintendent wants the state to investigate charter schools that he claims break federal and state laws by turning away homeless and disabled students, a charge the president of the Indiana Public Charter Schools Association denies.

Construction

October 24, 2011

-Capitol Construction Services has finished a 3,500-square-foot renovation for Dr. Sandra Bacon DDS at 1980 E. 116th St., Carmel.

-Capitol Construction Services has finished a 2,184-square-foot expansion for Keyence Corp. at 9225 Priority Way, West Drive.

People

October 24, 2011

Watermark Residential has named Brian Southworth a senior financial analyst and Mike Margason construction manager.

Residential

October 24, 2011

The average rate for 30-year mortgages rose from 4.37 percent to 4.38 percent for the week ended Oct. 19, according to Bankrate.com. The rate for 15-year mortgages fell to 3.58 percent from 3.59 percent.

Leasing/leasing contracts

October 24, 2011

-David A. Noyes & Co. leased 38,880 square feet at One West in Parkwood West, 250 W. 96th St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Duke Realty, represented itself.

-Universal Recycling Technologies leased 25,600 square feet in Park 100 Building 59, 8002-42 Woodland Drive. The tenant was represented by Bill Drinkall of NAI Harding Dahm. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.
 
-Quick Ship Brands leased 19,181 square feet in Park Fletcher Building 39, 2910 Fortune Circle West. The tenant was represented by Chris Black of CBRE. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.

-Cascade Asset Management leased 15,672 square feet in the Mitchell Building at AmeriPlex, 5125 Decatur Blvd. The tenant was represented by Kelly Williams of Cassidy Turley. The building owner, Holladay Properties, was represented by Matt Dickerson of Jones Lang LaSalle and Dan Phair of Holladay Properties.

-Goodwill Industries of Central Inc. leased 15,075 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, 116th & Olio LLC, was represented by Jeff Wright of Kite Realty Group.  

-Exodus leased 12,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Ashley Bussell, Ralph Balber and Conrad Jacobs of Newmark Knight Frank Halakar. The tenant represented itself.

-IDI Composites International leased 9,750 square feet of space at 3477 E. Conner St., Noblesville. The tenant was represented by Walter Freihofer of Freihofer Inc. The landlord, Kahlo III LLC, was represented by Bob Lindgren of Lee & Associates.

-Boom Bozz Pizza & Tap House leased 5,554 square feet at Cool Creek Commons, 2454 E. 146th St., Carmel. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
 
-Dynamique Auto Dealer Services Inc. leased 3,547 square feet at Fidelity Plaza Tower II,11350 N. Meridian St., Carmel. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, HUB Properties GA LLC, was represented by Matt Waggoner and Tom Hadley of Summit Realty Group.

-Dibella’s Subs leased 3,200 square feet at Traders Point II, 5640 W. 86th St. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Kite West 86th Street II LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Hycore Biomedical Inc. subleased 3,109 square feet in Keystone Office Park, 3021 E. 98th St. The sublessee was represented by Tim Hull of CB Richard Ellis.  The sublessor, St. Jude Healthcare, was represented by Brooke Augustin of Alliance Commercial Real Estate.

-The Web Guys leased 3,073 square feet of office space at SePRO Tower, 11550 N Meridian St., Carmel. The landlord, SePRO Corp., was represented by Bill Ehret and Alex Cantu of Summit Realty Group. The tenant represented itself.

-Apezza Pizza has expanded its lease to 2,420 square feet at Fall Creek Harbour Shoppes, 10150 Brooks School Road, Fishers. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates. The tenant represented itself.

-FCStone, LLC leased 2,300 square feet at 1155 Parkway Drive, Zionsville. The tenant was represented by Leslie Bonacker of CresaPartners. The landlord, Southpark Investments LLC, was represented by Tammy Kelly of RE/MAX Ability Plus Commercial Division.

-TeaBuds Brewing Co. leased 975 square feet of retail space in Old Town on The Monon, 111 W. Main St., Carmel. The landlord, Barrett & Stokley, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.

Sales/acquisitions

October 24, 2011

Jordan-Loews LLC bought an 8,000-square-foot office building at 810 Loews Blvd., Greenwood. The price wasn’t disclosed. The seller, ONB Realty, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.

East 10th Street retail gets a boost

October 24, 2011

Two veterans of vintage retail are teaming up to open a store on a near-east-side corridor that’s getting renewed attention from the 2012 Super Bowl Legacy Project.

Lilly: Vendors key after Zyprexa patent loss

October 24, 2011

Lilly’s patent-loss challenges—the biggest of which takes effect today—will force the company to rely even more on its 1,300 Indiana vendors.

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