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Tip-offs for when CEOs lie
A new study offers insights into when CEOs are fibbing. But those who benefit most from the revelations might be their handlers.
Family of woman killed by falling bottled-water pallets files suit
The estate of a woman killed when pallets of bottled water fell on her at a Kroger store in Franklin is suing the bottler,
suggesting a new eco-friendly bottle design may have contributed to the accident.
Manning: 18-game schedule could alter Colts’ roster
Colts quarterback Peyton Manning thinks with two fewer pre-season games, undrafted free agents such as Jeff Saturday and Dominic
Rhodes would have difficulty making the roster.
Simon sees improving retail conditions, analyst says
Simon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
Purdue University trustees OK early-retirement offer
Officials are expecting up to 500 total professors and staff members who are at least 60 to leave their jobs.
Kokomo firm taps state tax credits to make animated film
Kokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?”
a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State
University commercial spinoff will provide production and design services.
Simon Property wraps up $2.3B outlet mall acquisition
Under the terms of the deal, Simon paid about $700 million for the owners’ interests in Baltimore-based Prime Outlets and
assumed $1.55 billion of Prime’s debt and preferred stock.
CIB approves 2011 budget
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
People
Brian F. Knapp has joined Colliers International’s Indiana Region office as senior adviser for retail services and special assets.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity increased 4.9 percent for the week ended Aug. 20, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.55 percent from 4.6 percent the previous week. The rate for 15-year mortgages fell to 3.91 percent from 3.99 percent.
Leasing/leasing contracts
-Rugby IPD renewed its lease for 52,800 square feet of industrial space at 8200 Allison Ave. The tenant was represented by
J.D. Graves of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of
ProLogis.
-Green Wave Computer Recycling leased 19,200 square feet of industrial space at 9208 E. 33rd St. The tenant was represented
by J.D. Graves of Cassidy Turley. The landlord, Duke Realty, was represented by Kate Willen
of Duke.
-Hill Fulwider McDowell Funk & Matthews Professional Corp. leased 9,951 square feet in the Regions Bank Tower. The tenant
was represented by Tom Hadley of Summit Realty Group. The landlord, One Indiana Square Associates, was represented
by Ralph Balber and Kelli Dugan of Halakar Real Estate.
-Michael’s South Shore Restaurant leased 5,100 square feet at the Geist Centre Shopping Center, 11705 Fox Road. The
tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Geist Station LLC, was represented
by Matt Parsons of Phillips Edison & Co.
-American Family Dental Group-Bloomington LLC leased 3,025 square feet of office space at 770 N. Green St., Brownsburg. The
tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord,
Six Cap LLC, was represented by Larry Harshman of Harshman Property Services LLC.
-AD-IN Inc. leased 2,494 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Stratford Center LLC, was
represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented
itself.
-CIT Group leased 1,922 square feet in Castle Creek V, 5750 N. Castle Creek Parkway. The landlord, Blue Real Estate, was
represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant represented
itself.
-Zionsville Chiropractic and Rehabilitation Center LLC leased 1,592 square feet of office space at 8870 Zionsville Road.
The tenant was represented by Bennett M. Williams and Andrew D. Martin of Cassidy Turley.
The landlord, MDD Office Partners LLC, was represented by Joe Lonnemann and Matt Jackson
of Halakar Real Estate.
-Med-Link Inc./Consolidated Brokerage Services LLC leased 1,463 square feet of office space at 3077 E. 98th St. The landlord,
BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy
Turley. The tenant represented itself.
-Texano Grill leased 1,400 square feet at Shadeland Corner Shopping Center, 4558 N. Shadeland Ave. The tenant was represented
by Kelli Membrano of Libertad Real Estate. The landlord, Shadeland Center LLC, was represented by Keith
Kleinmaier of Retail Realty.
-Berkley Risk Administrators leased 1,313 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Blue
Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
The tenant represented itself.
-Timothy McSoley leased 1,090 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The landlord, Blue Real Estate,
was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant
represented himself.
Sales/acquisitions
-Carmel-based Platinum Group bought Aspen Village Apartments, a 220-unit complex at 3510 Kebil Drive on the west side. The
list price was $1.9 million. The sale price was not disclosed. The buyer was represented by Chad Stickley and
Michael Wernke of Marcus & Millichap. The seller, CW Capital, was represented by Tikijian Associates.
-Reverie Estates bought the St. Regis, a 72-unit apartment building at 26 E. 14th St. The price was not disclosed. The buyer
was represented by Sandra Jarvis of IndySquared Commercial Properties. The seller, James Candler, was represented
by Scott Pollom of Cassidy Turley.
-JJ Properties LLC bought a 2,000-square-foot office building at 745 E. 107th St. The price was not disclosed. The buyer
was represented by Jeff Wright of Indy Properties. The seller, Mr. Window Inc., was represented by Bob
Lindgren of Grubb & Ellis Harding Dahm & Co.
Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
Indiana report shows drop in medical errors
The most common error in the 2009 report was a foreign object such as a sponge left in a patient after surgery.
Daniels says colleges should focus on efficiencies
Indiana Gov. Mitch Daniels says he doesn't want to see trustees of the state's public colleges and universities asking
for more money at the Statehouse.
UPDATE: Emmis shares slide after firm says deal in peril
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
Mother shot in home invasion
Police are searching for an armed robber who shot a woman Sunday morning inside her Lawrence home where three children were
sleeping. The victim told police she was playing cards with friends about 6 a.m. when two people broke in. One suspect, who
went by the name “T,” demanded she lie on the ground and give up her money, reports said. He shot her in the leg
and took off, according to police, then the suspects left in a small, gray car with tinted windows.
Three captured after police chase
Three juveniles driving a black and silver pickup truck were taken into custody Monday morning after a police chase on the
west side. The chase began following a reported burglary at 4500 Vinewood Road and ended east of 71st Street and Georgetown
Road. No one was injured during the chase.