Critics seek conditions on Progress-Duke Energy merger
Charlotte-based Duke Energy and Raleigh-based Progress Energy want to combine into one company with more than 7 million customers in the Carolinas, Florida, Kentucky, Indiana and Ohio.
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City receives 9 bids for Winona demolition
Indianapolis-based Denney Excavating, which oversaw the implosion of Keystone Towers last month, has submitted the low bid to raze the former Winona Hospital. The city is set to award a contract on Thursday.
UAW says deal with GM creates or keeps 6,400 jobs
A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. In Fort Wayne, 150 jobs would be created or retained.
Connected law firm’s deal with Indiana grows
The Indiana Family and Social Services Administration now will pay Barnes & Thornburg up to $8.05 million through next June to represent the administration of Gov. Mitch Daniels in the lawsuit with IBM Corp.
Typhoon delays Indiana trade mission to Japan
A trade mission by Indiana government and business leaders to Japan is being delayed because of a typhoon expected to hit the island nation.
Carmel council members OK benefits
Carmel City Council members on Monday night voted to give themselves health and life insurance benefits. The proposal passed 5-2. The plan will cost taxpayers about $20,000 per council member. Council members John Acceturo and Joe Griffiths voted against the measure.
Woman hits police car, flees scene
Indianapolis police tracked down a woman who fled the scene Monday morning after slamming into the back of a squad car on the south side of Indianapolis. An officer was parked near Southern Avenue and Shelby Street about 1:45 a.m. when his police car was struck from behind. Police said the woman took off to the nearby Laurelwood Apartments, where she was apprehended. No one was injured.
Man arrested on counterfeiting charges
A Boone County man faces felony charges of counterfeiting money following a five-day investigation. Mark Stein, 37, of Zionsville was arrested Friday after several items used to manufacture U.S. currency were found at his home in the 6700 block of Wimbledon Drive. Authorities with a search warrant also found counterfeit $5, $10, $20, $50 and $100 bills at the residence. More arrests are possible in the case, authorities said.
Indiana bans DuPont’s Imprelis herbicide
Officials took the action after finding that the herbicide damaged scores of trees and ornamental plants throughout the state.
Cities now can offer companies cash for local hires
For the first time, cities and counties in Indiana can use local income-tax revenue to offer companies cash rebates for new jobs that go to local workers.
Multi-family housing project slated for Monon Trail
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
IPS losing ground as state’s biggest school district
Indiana's two largest school districts both say they've seen small enrollment drops, with No. 2 Fort Wayne Community Schools inching closer in size to No. 1 Indianapolis Public Schools.
Otis Elevator expected to close plant with 200 workers
Bloomington city officials say it appears an Otis Elevator Co. plant with about 200 workers will be closing next year after the company opens a new plant in South Carolina.
Dillinger relative considers moving gangster’s home
A great nephew says he's talking with people in Greencastle and two out-of-state locations about sites for his collection of Dillinger items and possibly the farmhouse that is now in Dillinger’s hometown of Mooresville.
WellPoint buying private health insurance exchange
The deal helps WellPoint compete for employers with the U.S. state-run marketplaces set to open in 2014 under President Obama’s health-care overhaul.
Indiana sets up special process for state fair claims
The state on Monday asked families of those killed or injured in a deadly stage collapse at the Indiana State Fair to complete a new customized claim form by Nov. 1 so the state can expedite settlements.
Construction
-Kort Builders has completed a 4,000-square-foot expansion of the offices of Kenra Hair Products at 22 E. Washington St.
-Kort Builders has completed a remodel of De Veau’s School of Gymnastics, a 30,000-square-foot facility at 9032 Technology Drive.
-Kort Builders has completed six, 3,120-square-foot retail space remodeling projects for Cash America at various Indianapolis locations.
People
–Dean Almas has joined Sitehawk Retail Real Estate as a senior leasing associate.
–Robert Stefanski has joined Lauth as vice president of property management.
Residential
On a seasonally adjusted basis, the pace of mortgage loan applications increased 6.3 percent for the week ended Sept. 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.17 percent from 4.23 percent the previous week. The rate for 15-year mortgages fell to 3.40 percent from 3.41 percent. The new rates are the lowest in the history of the Mortgage Bankers Association survey.
Leases/leasing contracts
-Summit Realty Group has been hired by Major Health Partners to market Intelliplex, a 141-acre certified technology park at Bassett Road and Interstate 74 in Shelbyville. Summit’s Brian Dell will head up marketing of the park.
-Hachette Book Group Inc. renewed its lease for 395,679 square feet in Lebanon Business Park, Building 9, 322 S. Enterprise Blvd., Lebanon. The tenant was represented by Terry Busch of CB Richard Ellis. The landlord, Duke Realty, was represented by Duke’s Jay Archer.
-Firestone Diversified Products LLC renewed its lease for 67,200 square feet in Exit 5 Business Park, 9952 E. 121st St., Fishers. The tenant was represented by Jay Gehl of Hokanson Cos. The landlord, Duke Realty, was represented by Duke’s Jay Archer.
-Belden Inc. leased 30,644 square feet of office space at 401 Pennsylvania Parkway. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, MCP Partners One LLC, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-FujiFilm Medical Systems USA Inc. leased 11,245 square feet of office space at 8021 Knue Road. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Interactions Corp. leased 6,008 square feet of office space at 3035 N. Shadeland Ave. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, 3035 North Shadeland Associates LP, was represented by Bennett Williams and Kevin Kempf of Cassidy Turley.
-Precious Cargo Childcare Academy leased 5,600 square feet at Shadeland Corner, 4550 N. Shadeland Ave. The landlord, Shadeland Center LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-Enterprise Title extended its lease of 3,925 square feet at 8500 Keystone Crossing. The landlord, PWA Real Estate Inc., was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley. The tenant represented itself.
-Barlo’s Pizza leased 3,600 square feet at South Bluff Crossing, 1345 W. Southport Road. The landlord, Grassy Creek LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-Satellite Oasis leased 3,200 square feet of industrial/flex space at Brookville P-52, 8418 Brookville Road. The landlord, Skyline Property Group, was represented by Skyline’s Brady Clements. The tenant represented itself.
-Ryan Huette State Farm leased 1,200 square feet of retail space at McFarland Market Place, 8028 S. Emerson Ave. The landlord, Skyline Property Group, was represented by Skyline’s Brady Clements. The tenant represented itself.