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Coaching search gives Hoosiers uncertain future

The new coach, whomever it is, will become the school's sixth since 1996 — more than any other Big Ten school. He will take over a team that has only three Big Ten wins over the past three years and just ended a 12-game losing streak against conference foes and a 15-game losing skid against league opponents away from Bloomington.

Judge denies motion to dismiss school funding suit

Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.

Leasing/leasing contracts

-The Indiana Department of Revenue renewed its lease for 50,200 square feet of industrial space at 5252 Decatur Blvd. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.

-Davis Wholesale Supply Co. renewed its lease for 25,600 square feet of industrial space at 5845 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of ProLogis.

-D’Amore, a division of Thomas Caterers of Distinction, subleased 15,231 square feet on the 48th floor of Chase Tower, 1 E. Ohio St. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, JP Morgan Chase, was represented by Nick Arterburn of CB Richard Ellis.

-Sigma-Tau Pharmasource Inc. leased 13,750 square feet at 6815 Guion Road. The tenant and landlord, TCA 6815, were represented by J.D. Graves of CB Richard Ellis.

-The Indiana Private Industry Council leased 12,335 square feet at Parkstone III, 9002 Purdue Road. The tenant was represented by Tim O’Brien and David Ponader of Colliers International. The landlord, Parkstone Office Center LLC, was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis.
 
-Product Development Corp. subleased 12,000 square feet at 5201 Park Emerson Drive, Suite N. The subtenant and sublandord, Wheel Pros LLC, were represented by J.D. Graves of CB Richard Ellis.

-EMP Technology LLC leased 8,120 square feet 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.

-ZHU LAN sushi and prime rib buffet leased a freestanding 7,062-square-foot building at Merchants Point, 2293 E. 116th St., Carmel. The tenant was represented by Jun Liu of Carpenter Real Estate. The landlord, Darden Restaurants, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.

-Happy Hour Foot Spa leased 1,665 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Jet’s Pizza leased 1,651 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The tenant was represented by Kurt Meyer of Baseline Commercial Real Estate. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Rice Cooker leased 1,640 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

Sales/acquisitions

Dr. Idella Simmons bought a 4,000-square-foot building at 946 N. Alabama St. The price wasn’t disclosed. The buyer was represented by Ralph Balber of Halakar Real Estate. The sellers, Brent and Beverly Precious, were represented by Brad King of Colliers International.

Construction

-Kort Builders has completed a 25,000-square-foot space for the Indiana Baseball Academy at 9760 Mayflower Park Drive, Carmel.

-Kort Builders has completed a 1,300-square-foot restaurant space for The Bakery at Geist at 8150 Oaklandon Road.

-Shamrock Builders-Commercial has started construction of a 3,000-square-foot office build-out for Morical's Castle Mortgage Corp. at 11501 Cumberland Drive, Fishers.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.1 percent for the week ended Nov. 19, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.5 percent from 4.46 percent the previous week. The rate for 15-year mortgages fell to 3.83 percent from 3.87 percent.

Broad Ripple hit with robberies

Two armed robberies over the weekend in the Broad Ripple area have police on alert. The first, on Saturday night, happened outside Broad Ripple Brewpub when three men getting out of their car were held up by an armed man. In the second Saturday-night incident, a single man was robbed by an armed suspect. The victims all described the suspect as a black male with a black hat and baggy pants driving a white car.

Crash in Fishers knocks out power

A semi-truck crashed into a utility pole near 116th Street and Allisonville Road in Fishers Monday morning, knocking out power for about 1,700 Duke Energy customers. The driver was trying to park his rig when he hit the pole, causing power lines to fall on the truck’s cabin. He was trapped inside for about an hour. The 4:30 a.m. accident temporarily shut down traffic at the busy intersection.

Worker injured in plant explosion

An explosion at the Rolls-Royce Corp. manufacturing plant on the west side injured one worker Monday morning. The employee suffered burns to his face and chest when a heat-treating furnace exploded. He was taken to Wishard Hospital. Fire crews from Wayne Township were quickly able to extinguish the blaze. Fox59 will have more at 4 p.m.