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High-rise fire clogs downtown streets

April 5, 2011

A fire at the 15-story Disciples Center building in downtown Indianapolis forced the closure of portions of Washington, Delaware and Pennsylvania streets  Tuesday morning, clogging traffic for blocks around during rush hour. More than 70 firefighters fought the two-alarm blaze, which started when insulation being used in a renovation caught fire. Flames were reported on several floors of the building in the 100 block of East Washington. No one was reported injured.

What is this Butler team’s legacy?

April 5, 2011

Graduation rates will be the true lasting legacy of these Final Four teams.

Final Four crowds show women still catching up

April 5, 2011

Despite having an in-state basketball team in the women’s NCAA Final Four and only 18,500 seats to fill, attendance at Conseco Fieldhouse was sparse Sunday for the semifinal round, with a total of 16,421 attending the two-game session.

UIndy to add dorm for upperclassmen

April 5, 2011

With enrollment surging in recent years, the University of Indianapolis finds itself needing new dorm space. The private college will build a $10 million, 200-student residence hall on the south edge of its campus.

Bioanalytical researcher seeking abatement for new lab

April 5, 2011

Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company’s application.

Cummins Inc. plans to add 2,500 new jobs in U.S.

April 5, 2011

The Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation of an economic recovery.

Indiana Senate panel sets vote on smoking ban

April 5, 2011

The Senate Public Policy Committee is expected to vote on the bill Wednesday. Amendments won't be allowed to the bill that currently includes exemptions for casinos, bars, fraternal clubs, smoke shops and nursing homes.

IPS says it will lay off more than 300 employees

April 5, 2011

Indianapolis Public Schools notified employees last week during spring break that they will begin cutting 271 teaching positions and 37 non-teaching positions to trim its $20 million budget deficit.

Purdue receives $32 million Afghanistan farm grant

April 5, 2011

A grant of $31.9 million awarded to Purdue University may translate into a more sustainable agricultural sector for Afghanistan, according to U.S. Sen. Dick Lugar.

Bulldogs fall in title game, but leave big impression

April 5, 2011

Butler University lost 53-41 to the University of Connecticut on Monday night in the NCAA men's basketball title game. But now, thanks to two straight runs to the final, every mid-major thinks they've got a shot. And a blueprint for how to do it.

Construction

April 4, 2011

Holladay Construction Group has started construction of a 12,000-square-foot flex industrial/office building for Brechbuhler Scales at Decatur Boulevard and Narita Road in the AmeriPlex-Indianapolis Corporate Park. The project is scheduled to be completed in September.

People

April 4, 2011

–Eric Covington has joined Bridge Real Estate Advisors Inc., Carmel, as a senior adviser of the company’s residential group.

–Leah Severson has joined Bridge Real Estate Advisors Inc., Carmel, as an adviser of the company’s residential group.

Residential

April 4, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 7.5 percent for the week ended March 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.92 percent from 4.8 percent the previous week. The rate for 15-year mortgages increased to 4.16 percent from 4.02 percent.

Leases/leasing contracts

April 4, 2011

-Superior Truck Service leased 28,000 square feet of industrial space at 5701 Elmwood Ave. The tenant was represented by Keith Dedrick of Corporate Commercial Group.  The owner of the building, Mike Hoffman, represented himself.

-Thrifty Threads renewed its lease for 14,000 square feet at Northbrook Shopping Center, 1501 W. 86th St. The landlord, Township 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate.  The tenant represented itself.

-Flapjacks Restaurant leased 4,350 square feet at Chapel Hill Shopping Center, 7435 W.10th St. The landlord, Glendale Partners at Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.

-Re/Max Metro leased 2,800 square feet at 971 N. Delaware St. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Jora Enterprises Inc., was represented by Matthew Broderick of Acorn Group Inc.

-Sweet Repeat Consignment leased 2,500 square feet at West Carmel Shoppes, 4335 W. 106th St., Carmel. The landlord, Lawndale Plaza LLC, was represented by Paul Rogozinski of Veritas Realty.  The tenant represented itself.

-Bluegreen Vacations Unlimited Inc. leased 2,330 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
 
-Best Providers Inc. leased 2,000 square feet of office space at 8727 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Fish to Go leased 2,000 square feet of retail space in 30th & Kessler Center at 2958-2960 Kessler Blvd. The tenant and landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Dr. Moazamm Habib leased 1,928 square feet at 9240 N. Meridian St. The tenant was represented by Robert Marr of Veritas Realty. The landlord, 9240 N. Meridian LLC, was represented by Matthew Broderick and Mary Anne Tobin of Acorn Group Inc.

-Wuertz Law Office LLC leased 1,572 square feet of office space at 10 W. Market St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
 
-The American Council of Engineering Companies of Indiana Inc. leased 1,269 square feet at 55 Monument Circle. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, Winthrop Management, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.

-Lionheart Tax & Accounting LLC leased 335 square feet of retail space in Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Sales/acquisitions

April 4, 2011

-New York-based investor White Eagle Property Group bought the 328-unit Fisherman’s Village Apartments at 2975 Coast Drive. The price wasn’t disclosed. The buyer and seller, Denver-based Apartment Investment & Management Co., were represented by Tikijian Associates.

-ADM Milling Co. bought 3.68 acres of industrial land at 1100 Bethel Avenue in Beech Grove. The price wasn’t disclosed. The buyer and seller, Charles Wakelam, were represented by Rick Jones of Lee & Associates.

IT provider fires back at local not-for-profit

April 4, 2011

Information Technology services provider Beracha Foundation is seeking more than $730,000 from Indianapolis-based Evangelical Baptist Missions Inc. for breaching IT and consulting contracts, plus real and punitive damages.

IU ranks in top 10 for private donations received

April 4, 2011

The 2010 rankings released by the Council for Aid to Education rank Indiana University first in the Big Ten, first among public universities and 10th in the nation in voluntary backing with $342 million in gifts and non-governmental research grant funds.

Obama set to visit Speedway manufacturer

April 4, 2011

President Barack Obama plans to make a trip to Indianapolis on Friday to visit Speedway-based manufacturer Allison Transmission Inc., the company confirmed Monday afternoon.

Students return to school hit by shooting

April 4, 2011

Classes have resumed at a central Indiana middle school for the first time since a 15-year-old student was shot and critically wounded last month. A State Police officer kept watch inside Martinsville West Middle School as its roughly 600 students returned Monday morning from a 10-day spring break. Other officers patrolled outside the school. On March 25, 15-year-old Chance Jackson was shot twice in the abdomen inside a school entrance. He remains in fair condition at an Indianapolis hospital.
 

Butler’s run boosts bar business

April 4, 2011

Butler University’s second straight run to the NCAA men’s championship basketball game is keeping local bars and restaurants busy. Some taverns in Broad Ripple opened as early as 10 a.m. on Saturday, and fans showed up early despite an early-evening start time for Butler’s victory over Virginia Commonwealth University. Some bars even set up tents to accommodate additional fans. Bars expect similar crowds for Monday’s championship game against the University of Connecticut, which starts at 9:23 p.m.
 

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