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Big Ten tourney attendance rises by nearly 20 percent

March 15, 2010

Organizers credit stronger ticket-selling efforts and new promotions for boosting attendance to more than 81,000, the highest
it’s been since the tournament became an annual event in Indianapolis.

Jailed dead woman concealed meth

March 15, 2010

Stephanie Braasch, an Argos woman who died last week in her St. Joseph County Jail cell, had three plastic bags containing
methamphetamine inside her body, an autopsy has found. Braasch, 23, had been booked into the South Bend jail March 7 on suspicion
of a drug offense, but was never formally charged. The St. Joseph County Prosecutor's office said the bags found in her
vaginal cavity were broken and leaking. The coroner's office has not determined a cause of death, pending completion of
toxicology tests.

Five in custody after alleged kidnapping

March 15, 2010

Indianapolis police detectives spent Sunday questioning a 23-year-old woman who said she was held against her will for 24
hours this weekend. The woman said she was taken from her Denny Street residence and forced to withdraw money from ATMs. Shortly
before noon Sunday, a witness at an east-side convenience store told police it appeared a woman was being held against her
will. Minutes later, officers stopped the woman’s Dodge Neon in the 400 block of Linwood Avenue. The victim was released,
and police took a man and woman into custody. Police also took three other men into custody and confiscated guns at the victim’s
home.

Residents urged to prepare for weather

March 15, 2010

Indiana Gov. Mitch Daniels has proclaimed March 14-20 “Severe Weather Preparedness Week” in Indiana. The goal
is to remind Hoosiers of the dangers of severe thunderstorms and fast-developing tornadoes, and how they can protect themselves
and their families. This week's events will include a statewide test of tornado sirens and other communications systems
on Wednesday. Fox59 will have more at 4 p.m.

Simon, rival seek foreign investors to back General Growth bid

March 15, 2010

Indianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times
of London.

Construction

March 15, 2010

-D.B. Klain Builders LLC has been awarded an 8,644-square-foot tenant build-out project for Home Health Depot at 9245 N. Meridian St. The project is scheduled to be completed in April.  

-D.B. Klain Builders LLC has been awarded a 1,200-square-foot tenant build-out project for Edward Jones Financial at Cumberland Point Market Place, 15880 Cumberland Road, Noblesville. The project is scheduled to be completed in April.

-D.B. Klain Builders LLC has completed a 2,658-square-foot tenant build-out project for Advanced Physical Therapy at 7914 N Shadeland Ave., Suite 100.

Housing

March 15, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 0.5 percent for the week ended March 5, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.01 from 4.95 percent the previous week. The rate for 15-year mortgages grew to 4.32 percent from  4.27 percent the previous week.

Leasing/leasing contracts

March 15, 2010

-Panther Racing leased 59,511 square feet of industrial space at 5740 Decatur Blvd. in Ameriplex. The landlord, Barnett Capital Ltd., was represented by Michael Weishaar and Greg J. Folz of Cassidy Turley. The tenant represented itself.

-The Consultants Consortium Inc. leased 8,074 square feet at Landmark Center, 1099 N. Meridian St. The tenant was represented by Brooke Augustin of NAI Olympia Partners. The landlord, Landmark Ventures LLC, was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.

-Hallmark Home Mortgage leased 6,140 square feet at 9000 Keystone Crossing. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Wallington leased 4,925 square feet at 8900 Keystone Crossing. The tenant was represented by Tom Frank of Summit Realty Group. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Closet Concepts Inc. renewed its lease for 4,050 square feet at 9402 Upton Drive. The tenant was represented by Bob Dominguez of Resource Commercial Real Estate. The landlord, Mann Properties, represented itself.
   
-Health Management Associates leased 2,536 square feet at 9000 Keystone Crossing. The tenant was represented by Russ VanTil of Cassidy Turley. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Intrepid Financial Planning Group LLC leased 1,689 square feet of office space at 3021 E. 98th St. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.

-Capitol Assets LLC leased 1,521 square feet of office space in the ISTA Building, 150 W. Market St. The tenant was represented by Katie Gray and Bill Ehret of Summit Realty Group. The landlord, NEA Properties Inc., was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.

-Ameresco Inc. leased 1,946 square feet at Castle Creek 4, 5875 N. Castle Creek Parkway. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.

-MBP Catering Inc. leased 1,300 square feet in the ISTA Building, 150 W. Market St. The landlord, NEA Properties Inc., was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant represented itself. 

Speedway, F1 discussing race’s return to Indianapolis

March 15, 2010

Officials from the Indianapolis Motor Speedway and Formula One say they’re in discussions to bring a Formula One race back
to the
city. F1 left the city in 2007 after an eight-year run.

Sales/acquisitions

March 15, 2010

-Teachers Credit Union purchased 2.99 acres in Allisonville Place at Allisonville Road and Easy Street, Fishers. The price wasn’t disclosed. TCU, which plans to build its 14th Central Indiana branch at the site, was represented by Donna Hovey and Robyn Smart of the Indianapolis office of CB Richard Ellis and Shawn Todd of the South Bend office. The seller, Allisonville Place, was represented by Frank Swiss and Ed Bonaker of The Swiss Group.

-Midtown Nikki Group LLC purchased a 10,125-square-foot building occupied by a CVS pharmacy at 11 N. Morton St., Franklin. The price wasn’t disclosed. The seller, Franklin Pharmacy LLC, was represented by Wayne O'Hara of Sitehawk Retail Real Estate and Mark Goldberg of Mid-America Real Estate in Chicago. The buyer represented itself.

Local luxury home sales jumped in February

March 15, 2010

Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported
Monday morning.

You-review-it Monday: “Carousel,” “Oklahoma!,” Humana Festival and more

March 15, 2010

What did you see this weekend?

Community Health Network Foundation names new CEO

March 15, 2010

Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.

Would health reform spark exodus of best, brightest?

March 15, 2010

Guaranteed availability of health insurance might prompt top employees to leave businesses and other organizations.

FDA says ‘not yet’ on Lilly’s once-weekly Byetta

March 15, 2010

Regulators won’t require more time-consuming tests of the drug, but want Eli Lilly and Co. and its partners to clarify labeling,
manufacturing
processes.

Schrenker: ‘Data’ show he tried to fake own death

March 15, 2010

A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying
to
fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.

Social Security to start cashing Uncle Sam’s IOUs

March 14, 2010

This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected
to pay out more in benefits than it collects in taxes. And its giant coffers have been raided over the years for other government
expenses.

Study: Heart attacks up when stocks are down

March 14, 2010

Duke University researchers found a link between how a key stock index performed and how many heart attacks were treated at
their North Carolina hospital.

The gavel drops: Legislature ends session with compromises

March 13, 2010

The Indiana General Assembly finally adjourned its 2010 legislative session early Saturday with deals including a one-year
delay on unemployment insurance tax increases and aid for schools reeling from state budget cuts.

In about-face, state lawmakers find compromise late Friday

March 13, 2010

Both parties reportedly agreed to tentative deals on the issues that threatened to push the legislative session all the way
to the brink, including a one-year delay for a planned increase in unemployment taxes.

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