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After disagreement, Lewis leaves WellPoint with $3.2M

October 26, 2010

Dijuana Lewis will get nearly $3.2 million on her way out the door at WellPoint Inc. after what sources described as a dispute with CEO Angela Braly over a change in duties.

“Madea’s Big Happy Family”

October 26, 2010

Oct. 31
Conseco Fieldhouse

You may not hear it from most mainstream theater reviewers (who often ignore his work), but the fact is Tyler Perry may well be the most popular playwright in America. Yes, the guy who dons grandmotherly drag at the movies has proven adept at filling theaters.

Take this musical for instance, which is bypassing such tiny, tiny theaters as Clowes Hall, the Murat and IU Auditorium to, instead, play Conseco Fieldhouse. Nobody short of Cirque du Soleil can pull that off. Attention must be paid—especially if you think commercial theater is dead.

The show concerns a woman who, after finding out she has cancer, takes her family on a vacation. True to form, it includes play-to-the-rafters jokes and raise-those-same-rafters music. Details here.
 

Employee ire forces IU to pull wellness survey

October 26, 2010

Indiana University will no longer ask employees to fill out an online health risk assessment after more than 550 people—many anonymous—attached names to an online petition that said the plan would cause “widespread anger and disillusionment.”

New estimate drops health plan’s cost to Indiana

October 26, 2010

A new estimate has lowered the expected cost of the federal health care overhaul to Indiana’s state government to perhaps $2.6 billion over the next decade.

Cummins expanding in Columbus, plans 350 jobs

October 26, 2010

Cummins Inc. announced Tuesday that it will expand its headquarters in Columbus, adding at least 350 professional employees during the next 18 months to support global operations.

Driver pushes another car into gas pump

October 26, 2010

Indianapolis police say a woman was driving drunk when she hit another car at the Marathon gas station near East 21st Street and North Mitthoeffer Road early Tuesday morning. The victim’s car hit a gas pump, knocking it from its pedestal. An automatic shut-off valve stopped a potential leak or explosion. The driver hit a second car before being arrested.

 

Police tracking serial robber in Castleton

October 26, 2010

Indianapolis police think a serial robber may be responsible for two overnight robberies. A clerk at the Days Inn on Craig Street in Castleton was robbed at gunpoint early Tuesday morning. Then, a Village Pantry at 95th Street and Hague Road was robbed a few minutes later. Investigators say this is likely the same man that's been robbing businesses on the northeast side for several weeks. A man in a black truck followed the suspect, but stopped after the man started shooting at him. No one was hurt.
 

Storms move in, cause damage

October 26, 2010

The strong line of storms that triggered tornado warnings throughout central Indiana this morning has passed, leaving behind a trail of destruction. Duke Energy reported more than 40,000 power outages across central and southern Indiana, and Indianapolis Power & Light reported nearly 16,000 in the dark. In Kokomo, the storm knocked over a house. A firefighter and his wife were inside at the time, but weren’t injured. Rescuers also spent time this morning getting a mother and her young child out of a house after a tree fell on it in Madison County. In Marion County, most of the damage is from tree limbs blowing onto vehicles or roadways. A high-wind warning is in effect until 8 p.m. Fox59 will have more at 4 p.m.
 

U.S. attorney to ask for review of IURC ethics dispute

October 26, 2010

U.S. Attorney Joe Hogsett says he'll ask "the appropriate federal agency" to review an ethics dispute that has embroiled the Indiana Utility Regulatory Commission and Duke Energy Corp.

Owner of city apartment complex files Chapter 11

October 26, 2010

The owner of a 518-unit apartment complex on the northwest side of Indianapolis is seeking Chapter 11 bankruptcy protection as it disputes the amount of its mortgage debt with its lender.

Kokomo approves tax breaks for Delphi division

October 26, 2010

Delphi Electronics & Safety is moving ahead with a $28 million investment in its Kokomo operations, city officials said this week.

Kroger drops plans for Michigan Road store

October 26, 2010

The locally owned landscape center Altum's said in a note to customers last week that Kroger has withdrawn plans to build a new grocery store on the nursery property on the edge of Carmel.

UPDATE: New product, services drive ExactTarget growth plans

October 26, 2010

A new product roll-out and increasing demand for client services will drive ExactTarget's growth over the next five years, CEO Scott Dorsey said Tuesday after his firm announced that it would invest $45M and add 500 employees through 2015.

Cummins shares fall after quarterly report

October 26, 2010

Cummins Inc. reported $283 million in third quarter profit, a three-fold increase from the year-ago period, but the performance missed analyst expectations.

American Commercial Lines sued over $777M buyout bid

October 26, 2010

Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.

City-County Council approves 2011 budget

October 26, 2010

The CIB’s $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.

Lilly diabetes setbacks may spur shopping for Amylin

October 26, 2010

Eli Lilly and Co., under pressure to gain new products after setbacks this month with two diabetes drugs, may try to acquire its partner Amylin Pharmaceuticals Inc.

NCAA tackles agents issue, looks to new sanctions

October 26, 2010

Several groups are working with the NCAA to find new ways to enforce rules prohibiting improper agent-related benefits for student-athletes, including possible post-NCAA financial penalties that reach into a player’s potential NFL career.

Leasing/leasing contracts

October 26, 2010

-Stanley Black & Decker Inc. leased 219,968 square feet of industrial space at 501 W. New Road, Greenfield, where it will consolidate plants that operate in Shelbyville and Connecticut. The tenant was represented by Tom Cooler of CB Richard Ellis Indianapolis and Mike McLaughlin of CB Richard Ellis Chicago. The landlord, Cabot II-IN1B02 LLC, was represented by Mark Writt of CB Richard Ellis.

-Citi Trends Inc. leased 13,310 square feet at Twin Aire Plaza, 674 Twin Aire Drive. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, MER-CAR Corp., represented itself.

-Family Christian Stores leased 5,000 square feet at Southtown Centre, South Scatterfield Road, Anderson. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, Charles Street Associates LLC, was represented by Paul Nicholson of Central Management.

-Shoe Trend leased 4,420 square feet at Eagledale Plaza, 2802 N. Lafayette Road. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.

-Tratek leased 4,000 square feet at 15335 Endeavor Drive, Noblesville. The tenant was represented by David Ponader and Sam Smith of Colliers International. The landlord, Bullock & Co., was represented by John Hanley of CB Richard Ellis.

-Company Wrench Limited LLC leased a 3,600-square-foot industrial building at 7019 Brookville Road. The tenant was represented by Cameron Kucic of Summit Realty Group. The landlord, Coraz Realty Inc., was represented by Bill Brennan of Lee & Associates.

-Wound Vision LLC leased 3,100 square feet of office space in Fletcher Place Lofts, 410 S. College Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of IndySQUARED.

-Personal Finance Co. leased 2,500 square feet at Hobby Lobby Plaza, 1804 S. Scatterfield Road, Anderson. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.

-Lewis and Wilkins LLP leased 2,033 square feet of office space in Fletcher Place Terrace, 427 S. College Ave. The tenant was represented by Bryan Augustin of NAI Olympia Partners. The landlord, Deylen Realty Inc., was represented by Sandra Jarvis of IndySQUARED.

-Taylor’s Appraisal Service Inc. leased 1,200 square feet of office space in The Vantage Centre, 720 Executive Park Drive, Greenwood. The tenant was represented by Bruce Richardson of Royal Cos. The landlord, Act III Investments, was represented by Cathy Richards of Lee & Associates.

Sales/acquisitions

October 26, 2010

-Masterpiece Classic Cars LLC bought 27,586 square feet of industrial space at 675 South U.S. 31, Whiteland. The price wasn’t disclosed. The seller, Forty One Corp., an affiliate of Huntington Bank, was represented by Greg Folz and Michael Weishaar of Cassidy Turley. The buyer represented itself.

-Wexford on the Park LP bought former Indianapolis Public School No. 30 at 38 Miley Ave., near West Washington Street and North Belmont Avenue. The price wasn’t disclosed. The buyer was represented by Gary Merritt. The seller, RealtyLink Inc., was represented by Sandra Jarvis of IndySQUARED.

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