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Lilly looks to double pipeline size again

February 22, 2011

Indianapolis-based Lilly is developing what it calls “The Mirror Portfolio,” which it expects to grow to 45 to 60 drugs in five years. This month, Lilly announced it had secured venture-capital funding for the first two drugs in this alternative pipeline.

State treasurer to challenge Lugar in 2012 primary

February 22, 2011

Indiana state Treasurer Richard Mourdock said Tuesday he will challenge longtime U.S. Sen. Richard Lugar in next year's Republican primary.

Indy 500 will begin earlier

February 22, 2011

There will be an earlier-than-normal start time for the 100th anniversary of the Indianapolis 500. The Indianapolis Motor Speedway has announced that the signature race will be moved up from 1 p.m. to noon on May 29. The 1 p.m. start time was believed to hinder some stock car drivers who wanted to compete in both the 500 and NASCAR Sprint Cup’s Coca-Cola 600 in Charlotte, N.C., later in the day.

Police investigate baby’s injuries

February 22, 2011

Indianapolis Metropolitan police are investigating how a 5-month-old girl suffered serious injuries to her body, including burns and broken bones. The baby was first taken to St. Francis Hospital in Beech Grove on Saturday night, but her injuries were so severe that she was transferred to Riley Hospital for Children. Residents in the Southgreen Apartments complex on the south side were told that the abuse appeared to have happened between Feb. 16-19 while the child was in the care of one of the residents. The baby’s 19-year-old mother declined an interview request from Fox59.

Court OKs reorganization plan for Hoosier Park owner

February 22, 2011

Hoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million and exit bankruptcy.

House GOP budget spares bank insurance fund

February 22, 2011

Indiana bankers are relieved House Republicans decided to spare a bank insurance fund from being raided to plug holes elsewhere in the state’s finances, but they’re not done lobbying against the idea.

Carjacker makes off with Jaguar

February 22, 2011

Two suspects fled with cash and a vehicle following a carjacking on the near-northwest side of Indianapolis early Tuesday morning. Police say the victim had parked in front of the Bayhead Village apartment complex at 38th Street and Eagle Creek Parkway when someone pulled a gun on him and told him to lie down outside his car. Another suspect asked if the victim had any cash. One suspect left with the victim’s black Jaguar, and the other ran off with more than $60.

Democrats delay state House action amid union protests

February 22, 2011

Democratic legislators are staying away from the Indiana House chamber, blocking the Republican majority from conducting business while hundreds of union members crowd the adjourning hallways in protest of a contentious labor bill.

Water playground proposed for far-east side park

February 22, 2011

Splash zone is among several improvements slated for German Church and 30th Park, a few of which will be considered Thursday by the Metropolitan Development Commission’s hearing examiner.

Consumer confidence hits 3-year high this month

February 22, 2011

The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed.

Blockbuster selling movie-rental chain to creditors

February 22, 2011

The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.

Broad Ripple raising money to preserve historic buildings

February 22, 2011

A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.

Medtronic to cut up to 2,000 workers

February 22, 2011

Medtronic, the world's largest medical device maker, said Tuesday it will lay off up to 2,000 workers as part of a restructuring effort. The Minneapolis-based firm employs xxxxxx in its operations in Warsaw.

Former U.S. Rep. Ellsworth won’t run for governor

February 22, 2011

The Democrat who lost to Dan Coats in November’s U.S. Senate race says he won’t run for any office in 2012. With recent announcements by other potential candidates, the field is beginning to shake out.

Indiana home sales and prices rise in January

February 22, 2011

The median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.

Immigration bill’s author won’t vote on own bill

February 22, 2011

Republican Sen. Mike Delph of Carmel, the author of a contentious Arizona-style bill to crack down on illegal immigration in Indiana, won't be present if the state Senate votes on the measure Tuesday.

Purdue interested in opening campus in NYC

February 22, 2011

Purdue President France Cordova says the university is interested in opening a research campus in New York City.

Ex-House Speaker Gregg weighing governor’s race

February 21, 2011

Former Indiana House Speaker John Gregg tells a Terre Haute newspaper that he's giving "serious thought" to running for governor next year.

Sales/acquisitions

February 21, 2011

Victory JV III LLC bought the 241,000-square-foot former SMC Corp. industrial/office facility at 3011 N. Franklin Road. The list price was $3.9 million. The sale price wasn’t disclosed. The buyer was represented by Mark Writt of CB Richard Ellis. The seller, SMC Corp., was represented by Jeff Castell of Cassidy Turley.

Leasing/leasing contracts

February 21, 2011

-Biosound, Esaote Inc. leased 39,204 square feet of office space at 8000 Castleway Drive. The tenant was represented by Darrell Pike of Pike Real Estate. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Indiana Athletics has leased 12,000 square feet in Fairfield Business Park, 9339 Castlegate Drive. The tenant was represented by John Hanley of CB Richard Ellis. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale of CB Richard Ellis.

-Key Sheet Metal renewed its lease for 6,000 square feet at 23rd Street Industrial, 4949 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.

-Hurricane Grill & Wings leased 4,733 square feet at Northfield Commons, 400 W. Northfield Drive, Brownsburg. The tenant was represented by Bill Lingle of Century 21 Scheetz. The landlord, Brownsburg Development, was represented by Liz Yoho of Providence Development.

-Dacco Inc. renewed its lease for 4,000 square feet at 23rd Street Industrial, 4839 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.

-Cutco Cutlery signed leased 3,978 square feet at Clearwater Springs Shopping Center, 82nd Street and Allisonville Road. The tenant was represented by Thomas T. Schoenberger of Welsh Companies in Novi, Mich. The landlord, PK Clearwater Springs LLC, represented itself.  

-Marco’s Pizza leased 1,800 square feet at New Augusta Shoppes, 7125 N. Georgetown Road. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, Lor Corp., was represented by Brett Burch of Valenti Real Estate Services.

-Marco’s Pizza leased 1,600 square feet at Fishers Town Commons, 8235 E 116th St., Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Fishers Town Commons LP, was represented by Brian Broadbent of The Broadbent Co.

-Crosspoint Capital Corp. leased 493 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

-GlassHouseCouture leased 442 square feet of office space at 5455 W. 86th St.  The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

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