CIB finances faring better than expected
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
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Murderer of 7 appealing sentence
The man convicted in the Hamilton Avenue murders is appealing his life sentence. The Indiana Supreme Court will hear Desmond Turner's appeal on Thursday. He was convicted in November 2009 of killing four adults and three children during a home-invasion robbery. Turner waived his right to a jury trial to avoid the death penalty. A judge sentenced him to life in prison without parole. "The judge was wrong in admitting certain evidence, and there is insufficient evidence to sustain the convictions,” Turner said.
Woman shot to death at gas station
A homicide investigation got under way Monday morning after a woman was shot and killed at a southeast-side gas station in Indianapolis. The shooting happened at the Marathon station near Southeastern Avenue and Sherman Drive. Police say someone drove the injured woman to another location on Albany Road where she was found. She was taken to St. Francis Hospital in Beech Grove, but died as a result of her injuries.
Weather brings delays, closings
Road crews were busy Monday morning, spreading salt and trying to prevent roads from becoming ice-covered. The Indiana Department of Transportation had more than 60 snow plows out on patrol trying to keep interstates clear, while Indianapolis had a full fleet of 75 trucks working the secondary roads and side streets. Fox59 News received more than 250 notices of closings and delays, as frigid temperatures along with blowing and drifting snow made travel dangerous for school buses.
Pacers’ attendance still lagging
Despite an improved team from last year, Indiana Pacers fans are showing up at Conseco Fieldhouse in smaller numbers this season.
Steak n Shake’s annual profit sizzles
The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.
Longtime local Cadillac dealer loses fight to sell car
Tutwiler Cadillac, which has sold Cadillacs in the Indianapolis area for almost five decades, has lost its franchise despite a long battle with General Motors.
Area home sales continue downward spiral
Home-sale agreements in the nine-county central Indiana region dropped 17.5 percent in November compared to the same month a year ago, the seventh straight month that year-over-year home sales have slumped.
Indiana Film Journalists Association pick year’s best
Heartland Film Fest premiere “Paradise Recovered” joins “The Social Network” and “How to Train Your Dragon” among this year’s honorees.
Brightpoint making $80M acquisition
Indianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an $80 million deal expected to close by the end of the year.
British mall owner rejects Simon financing plan
Capital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have given potential suitor Simon Property Group Inc. a larger stake in the company.
Insurer Baldwin & Lyons names new CEO
Indianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led the insurer for 13 years.
You-review-it Monday
This week, I traded in live performances and galleries for movie screenings. How about you?
Law change eyed to help Indiana casinos compete
Indiana casinos could save an average of $1 million per riverboat each year under a proposal that would allow them to quit using captains and crews and maintain motors that have been obsolete since the state allowed the boats to remain docked.
Bayh says he will not run for governor in 2012
Many Indiana Democrats had hoped a Bayh candidacy for governor could begin reversing a string of setbacks for their party.
IU’s health care budget could be $25 million short
Indiana University’s board of trustees has learned that the school’s health care budget is $24.9 million short of projected expenses in 2011-12.
Construction
-Shamrock Builders-Commercial has started construction of an 1,800-square-foot office build-out for CFG Wealth Management Services Inc. at 9840 Westpoint Drive, Suite 150. The office is scheduled to be completed by Jan. 1.
-Shamrock Builders-Commercial has started construction of a 2,227-square-foot dental office for Dr. Ryan Jay at 12110 Pendleton Pike. The office is scheduled to be completed by mid-January.
-Shamrock Builders- Commercial has started construction of a 4,452-square-foot office for Dr. Michelle Jones Singer at 9800 Crosspoint Drive. The project is scheduled to be completed by the end of January.
-S&B Construction Co. has completed a 10,000-square-foot store for Tire Barn at 14010 Mundy Drive, Fishers.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity fell nine-tenths of a percent for the week ended Dec. 3, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.66 percent from 4.56 percent the previous week. The rate for 15-year mortgages increased to 3.98 percent from 3.91 percent.
Sales/acquisitions
SNA Commercial Properties LLC bought a 14,904-square-foot church building at 11965 Allisonville Road. The price wasn’t disclosed. The buyer was represented by Darrin L. Boyd of Cassidy Turley. The seller, Lutheran Church Extension Fund, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.