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Citigroup subsidiary agrees to $717,000 Indiana fine

The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.

Carmel teen still missing in Louisville

A Carmel couple is still searching for their 18-year-old son, a student at Sullivan University in Louisville who disappeared Oct. 28. Louisville police say Andrew Compton left his dorm room that day to meet a 40-year-old man he met on the Internet, but they have no evidence of foul play and have not named the man a suspect. The parents say the police aren’t doing everything they can to find their son.

Purdue to honor pilot Sullenberger

Purdue University is preparing to toast graduate Chesley "Sully" Sullenberger, the pilot who safely landed a jetliner on the Hudson River last year. Sullenberger will receive a Distinguished Alumnus Award from Purdue's College of Liberal Arts Nov. 12. Sullenberger's visit will include a campus book signing. Sullenberger earned a master’s degree in industrial psychology from Purdue in 1973.

Emergency crews fight big mulch fire

Nine fire departments fought a massive fire at a mulching business in Morgan County early Monday. Fire crews were called to Greendell Mulch and Mix on State Road 42 between Mooresville and Monrovia about 1 a.m. The owner of the business attempted to extinguish the flames himself with a bulldozer, but was unsuccessful. Crews have the fire contained and no injuries were reported.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5 percent for the week ended Oct. 29, according to the Mortgage Bankers Association. The rate for 30-year mortgages rose to 4.28 percent from 4.25 percent the previous week. The rate for 15-year mortgages decreased to 3.64 percent from 3.67 percent.

Leasing/leasing contracts

-Blackmore & Buckner Roofing leased 54,000 square feet at 1504 Sadlier Circle, South Drive. The tenant was represented by Tony Hupp and Cam Kucic of Summit Realty Group. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale and John Hanley of CB Richard Ellis.

-Indy Powder Coating leased 28,500 square feet of industrial space at 4300 W. 10th St. The tenant was represented by Kevin Kempf of Cassidy Turley and J.D. Graves of CB Richard Ellis. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.

-Harvest Scents & Traders LLC leased 25,646 square feet of industrial space in Crosspoint II, at 9900 Westpoint Drive. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-PSC Industries Inc. leased 22,400 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Kevin Kempf of Cassidy Turley. The landlord, Western Select Properties, was represented by Greg Folz and Michael Weishaar of Cassidy Turley.

-Indiana Business Bank renewed its lease for 6,399 square feet at 250 E. 96th St., Suite 100. The tenant was represented by Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, Duke Realty, represented itself.

-Zeta Beta Tau leased 4,305 square feet at Ten Fortune Park, 3905 Vincennes Road. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, IMG Realty Trust III, was represented by Ralph Balber and Matt Kiger of Halakar Real Estate.

-Anesthesia Consultants of Indianapolis leased 3,000 square feet at Sycamore Springs Office Park, 4725 Statesman Drive, Suites C & D.  The landlord, MSE Realty, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.

-Dynatemp Inc. renewed its lease for 3,000 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Lewis and Wilkins LP leased 2,100 square feet of office space at Fall Creek Shoppes, 11206 Fall Creek Road. The tenant was represented by Brian Augustin of NAI Olympia Partners. The landlord, Fall Creek Shoppes LLC, was represented by Harvey Levin of Coldwell Banker Commercial Realty Services.

-Genesis Marketing Group Inc. renewed its lease for 1,800 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Caskey & Daily LLC leased 1,700 square feet at Sycamore Springs Office Park, 4745 Statesman Drive, Suite C. The tenant was represented by Kurt Meyer of Baseline Inc. The landlord, MSE Realty, was represented by Ralph Balber and Ashley Russell of Halakar Real Estate.

-Al Basha Gyros leased 1,600 square feet of retail space in Broad Ripple Station, 1045 Broad Ripple Ave. The tenant was represented by Ron Mannon and Scott Herider of Lee & Associates. The landlord, LOR Corp., represented itself.
    
-Lasting Impressions/Jackson Concrete renewed its lease for 1,200 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

Sales/acquisitions

-MultiTech Realty LLC bought a 32,000-square-foot industrial building at 946 Western Drive. The price wasn’t disclosed. The buyer was represented by Jason Speckman of NAI Olympia Partners. The seller, Nistem Precision Inc., was represented by Luke Wessel of Cassidy Turley.

-Platinum Group LLC bought a 348-unit apartment complex at 4100 N. Post Road. The price wasn’t disclosed. The buyer was represented by Scott Herider of Lee & Associates. The seller, Oaktree Apartments LLC, was represented by Rick Vidrio and Rick Brace of Hendricks Partners.

Eagles’ lack of class gives team, NFL black eye

The behavior of Philadelphia Eagles players as Indianapolis Colts receiver Austin Collie lay motionless on the ground during Sunday's game was enough to make fans' stomachs turn.

Governor starts Asia trip with Indiana delegation

Daniels and about 40 government and business officials from Indiana are scheduled to be in China until Sunday. The governor and a smaller group will then go to Japan for meetings until returning to Indiana on Nov. 17.

Indiana firm pays W. Virginia $175,000 in consumer case

West Virginia Attorney General Darrell McGraw said Monday that the money will be used to compensate customers of Indianapolis-based Preferred Financial Solutions Inc., doing business as CCR Now or Credit Card Relief Now.

Funding biggest obstacle for proposed regional transit system

Scaled-back transit plan, which includes rail line from downtown to Noblesville and Franklin, is projected to cost $2.4 billion, with local taxpayers picking up about half the amount. Funding would need to be approved through county referendums, however.

Habitat for Humanity executive stepping down

Dean Illingworth will step down as executive director of Habitat for Humanity of Greater Indianapolis at the end of the year, the organization announced Monday morning. An architect and former partner at Schmidt & Associates, he has led the organization since 2005.

Lilly makes $300M deal for Philadelphia drug company

Eli Lilly said it will acquire Avid Radiopharmaceuticals, maker of an experimental agent that could help identify patients with Alzheimer’s disease. The price could climb to $800 million if the agent is commercially successful.