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Grain Dealers finalizes affiliation with Florida firm

Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed
on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.

UPDATE: Senate committee gets early start on tax bills

A state Senate committee got a jump-start Tuesday on discussing bills on unemployment taxes and property tax caps and plans
to vote on them next week, about a month before the full Legislature convenes.

Lilly Endowment grant extends jobs program

A $2.3 million grant awarded by Lilly Endowment Inc. on Monday will enable the Indianapolis Private Industry Council to continue
a jobs program through 2011.

Smoking ban bill sent back to committee

The fate of a proposal that would impose a stricter workplace smoking ban in Indianapolis remains up in the air after the
City-County Council voted Monday night to send the bill back to committee for further review.

Sales/acquisitions

Airpark Development Partnership bought 52.2 acres at 851 W. Mausoleum Road, Shelbyville, for an undisclosed amount. Stan Elser and Bill Brennan of Grubb & Ellis Harding Dahm & Co. represented the seller, Masco Support Services Inc. The buyer represented itself.
 

Construction

-GDI Construction Corp. is building a 25,800-square-foot headquarters for Therametric Technologies at 9880 Douglas Floyd Parkway,Noblesville. The project is scheduled to be completed in March 2010.

-C.F. Jones Group is finishing work on a 10,000-square-foot childcare center for Children of America at 10830 Pendleton Pike. The project, developed by Maquina Realty, is scheduled to be completed in January.
 
-Shamrock Builders-Commercial has started construction of a 6,154-square-foot office at 1000 W. Jefferson St., Franklin, for Daniel S. Martin D.D.S., M.S.D. The project is scheduled to be completed in summer 2010. 
 

Feds drop Durham asset-seizure suit

The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham’s assets after
receiving
assurance they wouldn’t vanish.

Fair Finance offices fail to reopen

Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company’s investment certificates.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity fell 4.5 percent for the week ending Nov. 20, according to the Mortgage Bankers Association. Rates for 30-year loans decreased to 4.82 percent from 4.83 percent the previous week. Fifteen-year mortgages were unchanged at 4.32 percent.

A big break for the FBI

A former deputy constable is expected to plead guilty to federal charges of conspiracy as part of an investigation into bribery
in the Perry Township constable’s office. As part of the plea, Michael Sherfick is expected to tell federal investigators
about others involved. The investigation focuses on more than $30,000 worth of alleged bribes paid by local businessmen. In
return, investigators say, the businessmen got deputy constable badges and police powers. He’ll also have to say whether any
money was funneled into the political campaigns of constable Roy Houchins and other Marion County Republicans.