Sallie Mae restructuring affects Indiana jobs
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
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IURC clears ex-judge in Duke Energy ethics scandal
The Indiana Utility Regulatory Commission’s internal probe found no irregularities regarding former administrative law judge Scott Storms’ handling of Duke Energy cases, but it did reopen a case Storms handled in July involving storm damages.
Indiana church financier gets 54 years for Ponzi scheme
A judge sentenced 66-year-old Vaughn Reeves to 54 years in prison during a court hearing Tuesday in Sullivan. A jury convicted him in October on nine counts of securities fraud.
Mother shops with baby in car
Indianapolis police say Zella Davis, 28, went shopping Monday night while her 7-month-old baby waited in the car. Davis, who was arrested for neglect of a dependent, left her car running and doors unlocked with the baby inside while she shopped at the Big Lots store at 30th Street and Georgetown Road. Davis took one of her children into the store with her, but left her oldest child, a 5-year-old, at home unattended. All three children are now in protective custody.
Good Samaritan alerts family to fire
An unidentified Good Samaritan is being credited with saving a family of four from a west-side Indianapolis house fire early Tuesday morning. The man saw fire coming from the roof of a house in the 250 block of Addison Street and knocked on the door. Kathy Dean, the only person home who was not deaf, answered the door and alerted her husband and two children. Investigators believe the blaze was caused by an electrical fire in the attic.
Carjack victim escapes armed men
Indianapolis police are searching for two men who robbed and abducted a man at gunpoint on the west side early Tuesday morning. Police say the victim was getting into his car at an apartment building near Mickley Avenue and Vermont Street about 6:30 a.m. when the two men attacked him, tied him up with duct tape and put him in the back of a red sport-utility vehicle. One suspect drove away in the SUV while the other followed in the victim’s car. The hostage said he was able to escape the vehicle on the east side of the city near 10th and Rural streets after a struggle with the gunman. The victim said he may have shot the suspect in the hand during the escape. His car was found abandoned a short time later about a mile from the scene.
Builders of faulty Indiana bridge face state-work ban
A committee has recommended that the state highway department stop hiring Gary-based Superior Construction Co. and Indianapolis-based bridge designer RQAW Corp. over a northwestern Indiana highway that has been closed because of safety concerns.
Local firm set to launch two more mutual funds
Founded in 2005, The Archer Funds will now have three mutual funds to offer clients. It is among just a handful of locally based firms that markets its own mutual funds.
IMOCA settles in at Murphy Arts, calls off move
The Indianapolis Museum of Contemporary Art, which faltered in the summer of 2009, is on stable footing at its year-old location in Fountain Square—so much so that it won’t move closer to downtown, as it had planned.
City Market tenant agrees to move to alternate space
Under a settlement, the Indianapolis City Market dropped its attempts to evict the Grecian Garden after the restaurant said it would relocate to accommodate a renovation.
Notre Dame alumnus gives school $10M gift
The university announced Monday it would match the $10 million being donated by Kenneth Meyer, the retired chairman and chief executive officer of Lincoln Capital Management Co. The money will fund eight fellowships a year.
Nursing home firm to pay $376K in Medicaid case
Indiana Attorney General Greg Zoeller says a nursing home company will pay $376,000 to the state and federal governments over accusations that it submitted ineligible bills to Medicaid.
UPDATE: Hoosiers give new coach 7-year contract
The Indiana Hoosiers have given new football coach Kevin Wilson a seven-year contract worth $1.2 million per year.
Duke poised to buy South Florida portfolio
The purchase of the $500 million portfolio of industrial and office properties would continue Duke’s recent push into the South Florida market.
Penske adds third new sponsor to IndyCar team
On Monday, Roger Penske's IndyCar team said Izod will become the primary sponsor for the No. 6 car, driven by Ryan Briscoe, at the Indianapolis 500 and several other races, and will be an associate sponsor for all three cars for the 2011 season.
Indianapolis Symphony’s deficit nears record
The Indiana Symphony Society on Monday reported a near-record deficit of $2.7 million for the 2010 fiscal year. And symphony CEO Simon Crookall said this won't be the end of the bleeding.
Construction
-Browning Construction has completed a 15,800-square-foot expansion for ACES Power Marketing in Mayflower Park, 4140 W. 99th St., Carmel.
-D.B. Klain Construction LLC has completed a 4,350-square-foot tenant build-out for Zeta Beta Tau at 10 Fortune Park, 3905 Vincennes Road, Suite 100.
-D.B. Klain Construction LLC has completed a 1,540-square foot tenant build-out for Dr. Federspill Dental at 9201 N. Meridian St.
-D.B. Klain Construction LLC has completed a 5,148-square-foot tenant build-out for IIGA at Lakeside, 8777 Purdue Road, Suite 360.
People
Amy Burmeister has joined Summit Realty Group and will lead the firm’s investment services team.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity fell 16.5 percent for the week ended Nov. 26, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.56 percent from 4.5 percent the previous week. The rate for 15-year mortgages increased to 13.91 percent from 3.83 percent.
Leasing/leasing contracts
-Ascension Health Ministry Service Center. also known as Ascension Health, leased 92,000 square feet at Eleven Fortune Park. The tenant was represented by Bill Ehret and Katie Sobotowski of Summit Realty Group. The landlord, Eleven Fortune Park Limited Partnership, was represented by Ron Foster of Echelon Realty Advisors and by IBUS Asset Management, the limited partnership’s Washington, D.C.-based asset manager.
-Halakar Real Estate has been hired by Equicor Cos. to be the exclusive leasing agent for Waterplace Park, a 113,000-square-foot property at 8925-9011 N. Meridian St., and Fidelity Keystone Office Tower, a 37,000-square-foot building at 650 E. Carmel Drive, Carmel. Halakar’s Ashley Bussell, Ralph Balber and Todd Maurer will be in charge of leasing for the properties.
-Bycan-Sellen leased 12,806 square feet of industrial space at 7998 Centerpoint Drive. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Sallie Mae Inc. leased 10,400 square feet of industrial space at 9900 Westpoint Drive, Nos. 118 and 120. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-EMP Technology Group LLC leased 8,120 square feet of industrial space at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.
-A&F Engineering Co. LLC leased 7,560 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Tim O’Connor of Prudential Indiana Realty Group. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.
-PrimeLending leased 6,216 square feet of office space at 9100 Meridian Square, 50 E. 91st St. The tenant was represented by Richard Trimpe of CB Richard Ellis. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.
-Stifel Nicolaus & Co. leased 5,740 square feet at 8888 Keystone Crossing. The tenant was represented by Jay Stewart of Grubb & Ellis. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Fall Creek Montessori Academy leased 5,400 square feet at 8888 Fitness Lane, Fishers. The tenant was represented by David Kiernan HR Realty Group LLC. The landlord, Midwest Properties, was represented by Keith Dedrick of Corporate Commercial Group.
-Educate Beyond All Barriers Inc. leased 5,200 square feet of industrial space at 2101 S. State Ave. The landlords, Norman and Dianne Meurer, were represented by Kelly Williams of Cassidy Turley. The tenant represented itself.
-10/01 leased 4,500 square feet of restaurant space at 1001 Broad Ripple Ave. The tenant was represented Michael Cranfill of Sitehawk Retail Real Estate. The landlord, 1001 Properties Inc., was represented by Gary Perel of UrbanSpace.
-Woodland Montessori Inc. leased 4,334 square feet of office space at 10305 N. Allisonville Road. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, JMH Properties LLC, was represented by Scott H. Lindenberg and Jason Challand of Echelon Realty Advisors.
-MS Consultants leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-American Society of Clinical Pathology leased 3,179 square feet at 8900 Keystone Crossing. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Rimkus Consulting Group Inc. leased 3,021 square feet of office space at One College Park. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, Zeller Management Co., represented itself.
-Patton & Associates leased 2,666 square feet at 9000 Keystone Crossing. The tenant was represented by Rob Chrisman of Bridge Real Estate Advisors Inc. The landlord, BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Subway has entered a build-to-lease deal with Holladay Properties Inc., which will build a 2,100-square-foot free-standing restaurant on nine-tenths of an acre at 8240 Belfast Drive at the entrance to AmeriPlex Business Park. The landlord, Holladay, was represented by Ryan Zickler of Zickler Associates. The tenant represented itself.
-SC Hoskins and Co. leased 2,045 square feet at Franklin Professional Center, State Road144 and Westview Drive, Franklin. Both the tenant and landlord, Landmark Properties Inc., represented themselves.
-Pilates Indy Inc. leased 1,400 square feet at Greenwood Springs, 8028 S Emerson Ave. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Employment Plus Inc. leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.
-Definitive Auto Sales LLC leased 1,250 square feet of retail space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and the landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.
-Hello Indiana LLC leased 800 square feet of retail space at 3119 W. 30th St. The tenant and the landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Service Master @ Your Service LLC leased 662 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.
-Lewis Legal Services leased 663 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.