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Sales/acquisitions
-JMMC LLC bought a 10,000-square-foot office building at 5155 N. Shadeland Ave. The price wasn’t disclosed. The buyer was represented by Mark Jones of Copesetic Investments. The seller, ONB Realty III, was represented by Keith Dedrick of Corporate Commercial Group.
-Indianapolis Resource Center for Independent Living Inc. bought a 4,000-square-foot medical office building at 5302 E. Washington St. The price wasn’t disclosed. The buyer was represented by Dave Trulock of Prudenhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21048#tial Indiana Realty Group. The seller, Acme Specialties Inc., was represented by Keith Dedrick of Corporate Commercial Group.
Lugar, Meadows projects get tax credits
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
New March Madness plan includes four first-round games
Two of the so-called “First Four” games will match the lowest seeds, between 65 and 68. The other two games will include the
last four at-large qualifiers.
Lilly to cut 170 manufacturing jobs by year’s end
Eli Lilly and Co. will cut 170 jobs—mostly in Indianapolis—from its manufacturing and quality division by the
end of the year as it continues its efforts to slim down before losing revenue from patent expirations on its bestselling
drugs.
UPDATE: CIB wringing money from general operating fund to pay Pacers
A combination of taxes targeting downtown visitors and users of the city’s professional sports complexes are expected to generate
the bulk of the subsidy.
Marsh workers seek union election at local store
Local 700 said worker interest in union representation began to rise at Marsh Supermarkets after Florida-based private equity
group Sun Capital Partners acquired the grocery chain in 2006.
Medical device maker plans Warsaw expansion
Biomet could add about 280 jobs with the $26 million project, which would lead to some manufacturing being transferred from
New Jersey.
K-9 officer helps nab alleged abductor
Police say they have in custody a man who allegedly abducted his girlfriend at knifepoint early Monday morning. The abduction
took place on Indianapolis’ south side about 7 a.m. The man was apprehended after a brief K-9 pursuit near 52nd Street
and Lafayette Road.
Family bolts home after lightning strike
A Carmel family managed to escape their home safely after lightning struck the roof just before 3 a.m. Monday, causing a
fire. Eight children and six adults were asleep in the home on Washita Court near 146th Street and Hazel Dell Parkway after
celebrating a family reunion. After the lightening hit, one of the family members noticed flames coming from the ventilation
system and put them out with a fire extinguisher.
Police seek driver in fatal hit-and-run
Police are trying to find the driver of an SUV that hit and killed a motorcyclist early Sunday morning at the intersection
of South Meridian Street and Southern Plaza in Indianapolis. Witnesses say the dark SUV stopped at a stop sign by the intersection
but did not yield right-of-way for the motorcycle. The driver of the motorcycle was killed in the crash; a passenger on the
bike received minor injuries. The SUV driver fled the accident site. Fox59 will have more at 4 p.m.
Update: Rendering of new CSO headquarters
Plans for a new headquarters for locally based CSO Architects will mean new life for a vacant eyesore at Keystone at the Crossing.
Check out the rendering showing the company's vision for the 24,000-square-foot former Bally Total Fitness facility.
Danica Patrick ad is just blowing smoke
IndyCar racer turned NASCAR Nationwide Series driver needs to lose the defiant tone in her ESPN ad and rev up a little humility
until she starts winning.
Calumet Specialty plans to sell $450 million of debt
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will
be used to repay bank debt.
Ohio manufacturer consolidates distribution in Indy
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park
100 on the city’s northwest side.
Indianapolis-area homes sales decline 10 percent
However, average home-sale prices for the area sprouted 7 percent from the same month a year earlier, to more than $159,000.
You-review-it Monday
Neil LaBute’s “Reasons to be Pretty” opened at the Phoenix. The Symphony offered a John Denver tribute. What did you do this weekend?
City makes $33.5M deal to keep Indiana Pacers
The city will contribute $10 million annually for three years toward Conseco Fieldhouse operating expenses. It also will provide
at least $3.5 million for capital improvements.
Children’s Museum to offer preschool
Tuition will range from $350 to about $1,050 a semester depending on the number of days a child attends.