Butler’s Mack to test NBA waters without agent
Butler University junior guard Shelvin Mack will declare for the NBA draft, but not hire an agent, keeping his college eligibility as he considers his options.
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Murder suspect appears in court
The man accused of killing a popular Indianapolis musician made his first court appearance Tuesday. Prosecutors say Allen Parker confessed to killing John Austin Butsch last Thursday. Butsch was found dead inside his Woodruff Place home after a neighbor noticed his front door was open and called police. Parker was in court for an initial hearing to face charges of murder, criminal confinement and robbery. Detectives say Butsch evicted Parker, and they believe Parker killed him in revenge.
Storm warning system revamped
Major changes are coming to Marion County’s storm sirens this summer. Starting in July, the warning sirens will be sounded during tornado warnings from the National Weather Service but no longer during a tornado watch unless a public safety officer spots a tornado or after there have been confirmed reports of imminent life-threatening conditions. Officials said they will also go high-tech with warnings, sending out alerts to cell phones and landlines.
Four arrested for selling baby
Indianapolis police have arrested four people, including a convicted child molester, as part of an alleged baby-selling scheme. According to investigators, Michael Overby, 57, who was convicted of child molestion in 1984, and his sister-in-law, Debbie Overby, 50, tried to purchase a baby from Rose Faucett, 36, and Phillip Hester, 58. Faucett has a history of prostitution, police say. Michael Overby falsely signed a paternity affidavit at Wishard Hospital, claiming to be the baby's biological father, according to police. All four face charges of neglecting a dependent and child selling, and more charges could be filed.
Executive compensation surges at CNO Financial Group
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
Durham prosecutors propose case-notification plans
Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
Calumet Specialty hopes to raise $375M to pay off debt
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
Roundup: LoveSac, St. Elmo, Jets Pizza, Hokkaido Buffet
A new retailer at The Fashion Mall, a couple of new chain restaurants and a major renovation for St. Elmo Steak House lead the latest retail roundup.
Software firm seeks to reorganize as holding company
Interactive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software firm under a new holding company called Interactive Intelligence Group Inc.
Gun bill advances without exemption for Indy venues
The Capital Improvement Board, which runs the Indiana Convention Center and the city’s professional sports venues, had hoped to get an exemption to Senate Bill 292, which pre-empts local governments from creating their own rules about where people can carry guns.
INSIDE DISH: Irvington cafe knows its audience
John Robertson swore he'd never go into the restaurant biz. Now his comfort-food oasis is an east-side institution, in part for hemming to its historic surroundings and middle-class roots.
General Mills considering site near Fort Wayne
The Allen County Council is considering giving General Mills a tax abatement of more than $3 million over 10 years on a proposed $36 million warehouse near Fort Wayne.
Proposal aims to keep students from inadequate teachers
Indiana students wouldn't be stuck with poor-performing teachers for two years in a row under changes House lawmakers are considering to a bill requiring annual teacher evaluations.
Indiana redistricting plan appears to benefit GOP
Republicans who control the Indiana General Assembly on Monday released proposed new maps for the state's nine congressional and 150 legislative districts, which seem to point toward solidifying GOP gains in the Statehouse.
Indiana retailers press for online state sales tax
Indiana's retail lobby urged state lawmakers Monday to pass an online sales tax provision that they said would level the playing field for businesses in the state and raise hundreds of millions of dollars in revenue.
Construction
-Kort Builders has started construction of a 2,700-square-foot retail space for Cash America at 5103 E. 16th St.
-Kort Builders has started construction of a 3,000-square-foot retail space for Soma Intimates at 14300 Clay Terrace Blvd., Carmel.
-Kort Builders has completed a 2,000-square-foot medical space for Decatur Vein Clinic at 105 S. Raceway Road.
People
Bradley Bullock has joined City Real Estate Advisors as senior vice president of acquisitions.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 2 percent for the week ended April 1, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.93 percent from 4.92 percent the previous week. The rate for 15-year mortgages decreased to 4.14 percent from 4.16 percent.
Leases/leasing contracts
-Stanley Convergent Security Solutions Inc. leased 27,058 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Indy Tube Fabrications LLC leased 8,080 square feet at 1102 Roosevelt Ave. The tenant was represented by Tim Garner of CB Richard Ellis. The landlord, 1102 Roosevelt LLC, was represented by Tony Hupp of Summit Realty Group.
-Rent-A-Center leased 4,800 square feet at Bel-Aire Shopping Center, 2325 E. State Road 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Century Personnel Inc. leased 4,407 square feet at Two Penn Mark, 11555 N. Meridian St., Carmel. The tenant was represented by Yumi Prater and Jim Logan of Colliers International. The landlord, Westminster, was represented by Tristan Glover of Zeller Realty Group.
-Advance Physical Therapy leased 3,718 square feet at Herriman Corner, 14460 Herriman Blvd., Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Nestani LLC, was represented by Donna Hovey of CB Richard Ellis.
-Simply Chic leased 3,600 square feet at North by Northeast Shopping Center, 7820 E. 96th St., Fishers. The landlord, NNE Associates LLC, was represented by Robyn Smart of CB Richard Ellis. The tenant represented itself.
-Indy Salon leased 1,600 square feet at Eagle Highlands Shopping Center, 6920 Eagle Highlands Way. The landlord, Valtesi I LLC., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Dental Oasis leased 1,567 square feet at McCordsville Commons, 5767 W. Broadway, McCordsville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, McCordsville Commons LLC, was represented by Paul Rogozinski of Veritas Realty.
-Midwest Jewelry & Coins leased 1,440 square feet at North by Northeast Shoppes, 8240 E. 96th St., Fishers. The landlord, Glendale Partners of North by Northeast II LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Daisies & Denim leased 1,400 square feet at Fishers Crossing Shoppes, 11844 Allisonville Road, Fishers. The landlord, Glendale Partners at Fishers Crossing Inc., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself in this transaction.
-Phyllis’ Soul Food leased 1,400 square feet at Shadeland Corner, 4558 N. Shadeland Ave. The landlord, Shadeland Center LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-Gold Gals leased 1,200 square feet of retail space in Speedway Supercenter, 5804 Crawfordsville Road. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Centro Bradley SPE 5 LLC, was represented by Heather Blacketer of Centro Properties.
-Get In Shape For Women leased 1,000 square feet in Town Center at Geist, 11720 Olio Road, Suite 800, Fishers. The tenant was represented by Keith Kleinmaier of Retail Realty. The landlord, Flynn & Zinkan Holdings II LLC, represented itself.
-Gold Gals leased 945 square feet of retail space in George Thomas Plaza, 1028 N. Shadeland Ave. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Ladywood Apartments LLC, was represented by Cindy Hoskinson of Lee & Associates.
-Orangutan Software leased 800 square feet at 126 E. Main St., Carmel. The landlord, MB Shopping Centers Inc., was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
Sales/acquisitions
-Fastenal Co. bought an 18,800-square-foot industrial building at 930 W. 16th St. The price wasn’t disclosed. The buyer was represented by Kyle Powell and Don Triebec of Cassidy Turley. The seller, O’Brien Keystone Realty, was represented by Brad King and Tim O’Brien of Colliers International.
-Idiz Inc. bought a 1,728-square-foot office building at 6531 Ferguson St. The price wasn’t disclosed. The buyer was represented by Joe Shoemaker of MacDuff Realty Group. The sellers, Christine and Edward Hazel, were represented by Matthew Broderick of Acorn Group Inc.