Governor backs card counter banned by casino
Indiana Gov. Mitch Daniels used the story of a blackjack player’s lawsuit in telling Franklin College graduates about using
skill to push the odds in one’s favor.
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Summit to counsel cities on reform
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community
leaders use the law to slow runaway medical spending while improving the health of their citizens.
Correction
St. Francis Medical Group has 125 physicians. The number was incorrect in the May 19 IBJ Health Care & Reform Weekly.
Effective stats are new hurdle for U.S. drugmakers
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers.
The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement
to typical clinical trial research that compares a drug against a placebo sugar pill.
Q&A: Don Stumpp
Don Stumpp, manager of payer contracting at Indianapolis-based physician group American Health Network and president of the Indiana Medical Group Management Association, discussed the impact of the health care reform law on primary care physicians as well as the near-constant threat of a sharp cut in Medicare reimbursement.
Carjacking victim shot in driveway
Police have recovered a truck stolen from a man who was shot Monday night during a carjacking on the east side of Indianapolis.
Officers found the vehicle abandoned on a highway outside of Chicago. The carjacking victim was taken to the hospital in critical
condition. Floyd Nickson, 28, of the 3500 block of Chester Avenue, was shot after he left his home and was about to get into
his 2003 Dodge Ram 1500 pickup truck.
Health official under investigation
Dr. John Reynolds, the chief health officer for the Morgan County Health Department, could be facing an indictment over the
death of his former girlfriend, Sandra Kessler, 61. Kessler died Nov. 9, 2009. Her death was suspicious and is under investigation.
A grand jury is reviewing evidence this week. The coroner's report lists her cause of death as intoxication with the narcotics
morphine and codeine.
Family tied up, son beaten
Indianapolis police are looking for suspects in an early-morning home invasion and robbery on the south side that left a
man in critical condition. The homeowners told police somebody knocked on their door in the 5300 block of Southeastern Avenue
at 4:52 a.m. Tuesday. When one of the residents opened the door, suspects forced their way into the house. The suspects tied
up the family of three and beat the 32-year-old son. He was later transported to Wishard Hospital in critical condition. Fox59
will have more at 4 p.m.
Stocks plummet on economic worries
The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy
and tensions between North and South Korea.
Justice retiring after 14 years on Indiana high court
Indiana Supreme Court Justice Theodore Boehm will step down this fall after 14 years on the bench.
Police reviewing death of Tomisue Hilbert’s mother
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance
policy.
Retail project in search of tenants after Ace deal falls apart
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
AMC sells Greenwood theater to Regal Entertainment
AMC divested the property in order to proceed with its $275 million deal to buy 93 theaters operated by Kerasotes Showplace
Theatres.
Zoning board nixes clothing-optional campground
The Morgan County Board of Zoning Appeals denied the request Monday night during a meeting where many in the crowd of more
than 100 people spoke against it.
Northstar Aerospace closing Anderson plant
The Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
Business bank reports first-quarter loss
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
Mourdock to run for re-election as Indiana treasurer
State treasurer Richard Mourdock, a Republican who gained attention last year as he took a fight against the Chrysler bankruptcy
proceedings all the way to the U.S. Supreme Court, says he'll run for re-election.
Leasing/leasing contracts
-Indiana Department of Environmental Management leased 53,055 square feet at Western Select, Building 41, 2525 N. Shadeland Ave. The tenant was represented by R.J. Rudolph and Tim O’Brien of Colliers International. The landlord, Western Select Properties, was represented by Rich Forslund and Matt Langfeldt of NAI Olympia Partners.
-Tressa Orman/Roberto Molina leased 12,602 square feet at 4280 Sellers St., Lawrence. The tenants, who will operate an accounting firm and a granite-https://admin.ibj.com/admin/article/workflow/claim?articleId=20140#and-marble fabrication business at the address, were represented by Jeff Baumgartner of Coldwell Banker Commercial Realty Services. Baumgartner also represented the landlord, Investment Strategies of Indianapolis LLC.
-Kiddie Academy Domestic Franchise leased 10,000 square feet at Geist Landing, 11703 Olio Road, Fishers. The landlord, Geist Landing of Fishers LLC, and tenant were represented by Jon Hardy and Jim Shook of Coldwell Banker Commercial Realty Services.
-RNT Family LP renewed and expanded its 3,300-square-foot lease at 8606 Allisonville Road. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Physicians Mutual Insurance leased 3,126 square feet at 8606 Allisonville Road. The tenant was represented by Lynn Lannquist of NAI Olympia Partners. The landlord, Castle Creek LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Security Benefit Corp. leased 2,665 square feet of office space at M&I Plaza, 135 N. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, North Penn Associates, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Standard Mutual Insurance leased 2,508 square feet at 8604 Allisonville Road. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-SentryTrust Title Co. Inc. leased 2,406 square feet of office space at 6535 E. 82nd St. The tenant was represented by Darrin L. Boyd of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore of Cassidy Turley.
-The Paul Fangman Foundation leased 2,109 square feet in Northeast Office Center, 5660 Caito Drive. The tenant was represented by Conrad Jacobs of Halakar Real Estate. The landlord, Patriots Place LLC, was represented by James Mount of Hokanson Cos.
-Barnes Equipment Corp./B&H Industrial LLC leased 1,802 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-Certified Car Care Inc. leased 1,802 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-American General Financial Services Inc. leased 1,618 square feet at Stony Creek Marketplace, Noblesville. The tenant was represented by Eric Hillenbrand of Sitehawk Retail Real Estate. The landlord, Inland Western, was represented by Larry Davis and Tom English of Sitehawk.
-Engineered Air leased 1,200 square feet at Carmel Office Court, 301 E. Carmel Drive, Carmel. The tenant was represented by Marty Obst of Venture Realty. The landlord, RN Carmel Court Acquisitions, was represented by Kevin Dick of Colliers International.
-Tangent Resource leased 1,000 square feet at Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, RN Carmel Court Acquisitions, was represented by Kevin Dick of Colliers International. The tenant represented itself.
Sales/acquisitions
-PFM Automotive bought an 18,844-square-foot building at 1441 S. Guilford Ave., Carmel. The price wasn’t disclosed. The buyer was represented by Kevin Dick and Paul Dick of Colliers International. The seller, Duke Energy Indiana Inc., was represented by Steve Daum and Matt Langfeldt of NAI Olympia Partners.
-CKJ Property LLC bought a 2,297-square-foot office building at 6838 S. East St. The price wasn’t disclosed. The buyer was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co. The seller, Bauer Ventures LLC, was represented by Casey Raker of Re/Max Select.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 1.5 percent for the week ended May 14, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 4.83 percent from 4.96 percent the previous week. The rate for 15-year mortgages decreased to 4.19 percent from 4.32 percent.