Health care law definition of ‘affordable’ vague
Researchers at IU and Cornell say that how the federal government defines "affordable" could leave millions of dependents of low and moderate income workers without reasonably priced insurance.
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Rep. DeLaney calls for stage collapse liability hearing
The Indianapolis Democrat said the $5 million liability cap the state has in place is "too little" for the seven people who died and dozens who were injured.
Federal judge nixes firm’s Bio Cremation lawsuit
A federal judge in Pittsburgh has thrown out a lawsuit filed by a Pittsburgh company that claimed its so-called "Bio Cremation" service — a flameless process to cremate remains — was being unfairly targeted by two Indiana competitors.
Medical supplier Hill-Rom makes $42M fraud settlement
Hill-Rom Holdings Inc., a medical-equipment company based in Indiana, agreed Tuesday to pay nearly $42 million to settle a government lawsuit. The government had accused the company of knowingly submitting false claims to Medicare from 1999 to 2007.
Lebanon gas leak prompts evacuation
Residents of the Chadwick subdivision in Lebanon were evacuated Tuesday morning due to the rupture of a gas main just east of Elizaville and Elm Swamp roads. About 50 homes were affected in a two-block area after construction crews ruptured the line about 9:15 a.m. A shelter was being set up for displaced residents at the Lebanon Armory.
Purdue drops plans for NYC campus
Purdue University has dropped plans to build a campus in New York City, it announced Monday. The university was one of 27 institutions from around the world that expressed interest in a request by Mayor Michael Bloomberg for a self-supporting applied-sciences facility and campus. The university said after evaluating the contract terms and reviewing financial commitments that the project's costs outweigh the benefits.
MVP uncertain for do-or-die Fever game
The status of league MVP Tamika Catchings is uncertain as the Indiana Fever prepare for Tuesday night’s 8 p.m. playoff game against the Atlanta Dream at Conseco Fieldhouse. The winner advances to the WNBA finals against the Minnesota Lynx. Catchings injured her foot Sunday in Atlanta in the closing minutes of the Dream’s 94-77 victory in Game 2 of the best-of-three series. Catchings averaged 15 points, 7 rebounds and 3.5 assists per game this season.
Report: Completion rates woefully low at public colleges
Of every 100 Hoosiers who enter two- or four-year public colleges in Indiana, only 39 graduate, even when given four years to complete a two-year degree and eight years to complete a four-year degree.
Postal service union workers plan rallies around Indiana
Organizers from the AFL-CIO say the rallies in 13 locations around Indiana are part of a national effort seeking support for congressional action to shore up the struggling agency.
Duke to begin razing state’s oldest coal plant
Duke Energy Corp. is preparing to demolish a coal-fired power plant that's Indiana's oldest electricity-generating plant of its kind.
Taiwanese reps sign deals to buy corn, soybeans
Two Taiwanese trade groups have agreed to buy as much as $5 billion worth of corn and soybeans from Indiana and other states in 2012 and 2013.
Marketing Urbanski
No, that isn’t Corey Hart on the t-shirt in the Hilbert Circle Theatre gift shop.
Indianapolis tech firm BidPal receives $5.6M infusion
The investment from Allos Ventures in Carmel and MK Capital in Northbrook, Ill., will help the company expand into more cities. BidPal uses wireless handheld devices to automate charitable auction bidding.
New rendering: Bank One Ops Center redevelopment
The company charged with redeveloping the former Bank One Operations Center downtown is recruiting tenants for the mixed-use apartment and retail project.
Chinese aluminum firm gives Purdue $10 million grant
The grant from Nanshan Group Co. Ltd. will provide $2 million each year for the next five years.
Lawsuit by fair victims challenges Indiana’s $5M tort cap
An Indiana law that caps the state's liability for damages at $5 million for a single event violates the U.S. and state constitutions and should be thrown out, six plaintiffs suing over the deadly collapse of an Indiana State Fair stage argue in a lawsuit filed Monday.
Construction
-Capitol Construction Services has completed a full interior renovation of the Starbucks at 12465 N. Meridian St., Carmel.
-Capitol Construction Services has completed a 2,200-square-foot build-out for Hot Box Pizza at 2499 Futura Parkway, Plainfield.
Residential
On a seasonally adjusted basis, the pace of mortgage loan applications increased 0.6 percent for the week ended Sept. 16, according to the Mortgage Bankers Association. The rate for 30-year mortgages was unchanged at 4.29 percent. The rate for 15-year mortgages fell to 3.46 percent from 3.52 percent.
People
Colliers International has added Rob Warstler, Yumi Prater and Kara Riggle to its local leadership team. Warstler has been appointed CEO, replacing Sam Smith, who is now chairman of the firm. Prater and Riggle have been named firm principals.
Leasing/leasing contracts
-Hanzo Logistics leased 102,600 square feet of industrial space in North Plainfield Park, 595 S. Perry Road, Plainfield. The tenant was represented by Steve Beals of Lee & Associates. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-GrinOn Industries leased 25,600 square feet in Park 100 Building 130, 7649 Winton Drive. The tenant was represented by Tim Garner and Tom Cooler of CB Richard Ellis. The building owner, Exeter Property Group, was represented by Kate Willen of Duke Realty.
-UPS Supply Chain Solutions leased 12,871 square feet in Park Fletcher Building 39, 2910 Fortune Circle West. The landlord, Duke Realty, was represented by Duke’s Glenn Davis. The tenant represented itself.
-Allegient LLC leased 11,178 square feet at 201 W. 103rd St. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Weiss Communications Inc. leased 3,744 square feet of office space at 9795 Crosspoint Blvd. The tenant was represented by Andrew Follman of NAI Meridian. The landlord, CFS LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Amera Mortgage leased 3,110 square feet of office space at 3091 E. 98th St. The tenant was represented by Rob Christman of Bridge Real Estate Advisors. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-United Capital Rentals LLC leased 3,097 square feet of office space at 3091 E. 98th St. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Dr. John R. Phelps, DDS, leased 2,202 square feet of office space at 8902 N. Meridian St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, PHT Lakeview LLC, was represented by Tyson Chastain of Duke Realty.
-Joe’s Flooring leased 2,200 square feet of industrial space at 5545 W. Raymond St. The landlord, Indy Flex Investors Inc., was represented by Kyle C. Powell and Bryan W. Poynter of Cassidy Turley. The tenant represented itself.
-Statewide Roofing & Restoration leased 2,000 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Greenwood Oaks Investments LLC, was represented by Cathy Richards of Lee & Associates.
-Customer Solutions Inc. leased 1,799 square feet of office space at 6525 E. 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-The UPS Store leased 1,236 square feet of retail space in Clearwater Springs Shopping Center, 5265 E. 82nd St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, PK Partners, represented itself in the transaction.