Factory orders rose 0.9 percent in September
Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft.
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Brake manufacturer closure costs 118 jobs
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting in the loss of 118 jobs.
Greensburg manufacturer sold, jobs moving to Oklahoma
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Wishard receives $6 million gift from Fairbanks
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
CICF lost more than its foundation peers in ’08
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year
in which it saw greater losses than many of its peers.
Construction
-TMG Construction Management Inc., Noblesville, will begin construction next week of a new town hall for the town of Trafalgar.
The project, which includes a 1,000-square-foot expansion and 3,400-square-foot renovation of existing space, is scheduled
to be complete by the end of January.
-TMG Construction Management Inc. has completed a 1,500-square-foot renovation
for Indy Laser Hair Removal at 55 S. Raceway Road.
Leasing/leasing contracts
-Equicor Real Estate Development and Investment hired Jones Lange LaSalle as leasing agent for Waterplace Park, a 113,000-square-foot, four-building complex at 8925 N. Meridian St., and for the 74,000-square-foot Fidelity Keystone Office Tower and Fidelity Keystone Office Park. John Robinson and Adam Broderick of Jones Lange LaSalle are brokers for the properties.
-Software Engineering Professionals leased 28,000 square feet in the James Building, which is under construction in Carmel City Center. The tenant was represented by Jenna Barnett of Halakar Real Estate. The owner of the building, REI Real Estate, was represented by John Robinson and Adam Broderick of Jones Lange LaSalle.
-Schiele Enterprises Inc. leased 21,000 square feet of industrial space at 2402 Shadeland Ave. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Shadeland Business Park LLC, represented itself.
-CornerStone Flooring leased 12,800 square feet of industrial space at 8068 Woodland Drive in Park 100. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Duke Realty, represented itself.
-Decatur Vein Clinic leased 2,250 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by David Black of Grubb & Ellis Harding Dahm & Co. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Dr. Matthew Wittrig, DDS, leased 2,363 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by Jim Marron of UGL Equis. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Triumvirate Enterprises leased 2,460 square feet at 5777 Park Plaza Court in Park Plaza Business Park. The tenant was represented by Kurt Meyer of Baseline Commercial. The owner, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial and Nikhil Gunale of CB Richard Ellis.
-Peter Municipal Consultants PC leased 1,250 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc. John Vance of Keller Williams represented the tenant.
-Sweeties GT leased 2,523 square feet at Broad Ripple Station, 1081 Broad Ripple Ave. Ron Mannon of Grubb & Ellis Harding Dahm & Co. represented the tenant. The landlord, LOR Corp., was represented by Suzanne Gammon of LOR.
-LJ Stone Co. leased 806 square feet at Lake Plaza 6801 Lake Plaza Drive. Debbie Shumate of Grubb & Ellis Harding Dahm & Co. represented the landlord, Lake Plaza LLC and LeBarron Investments. The tenant was represented by Brian Dell of Summit Realty Group.
Sales/acquisitions
Bill Pritt, the owner of local restaurants Forty-Five Degrees and the Blu Martini, purchased the 8,000-square-foot ground
floor commercial space at 757 Massachusetts Ave. for $890,000 from Fifth Third Bank, which had foreclosed on the property.
Forty-Five Degrees is one of the tenants in the space, located at the corner of Massachusetts and College avenues.
Properties in play along Market Street
Four properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.
FDA questions role of payments in Zimmer study
Federal health officials say an implant from Indiana-based Zimmer Holdings Inc. appears to be effective in treating spinal
problems, but questions remain about whether company payments to doctors influenced the device’s trial data.
Educators criticize proposed licensing changes
A proposed revamping of Indiana’s teacher licensing standards that would reduce the amount of required courses on how to teach
drew sharp criticism from educators Monday, with one teacher at the last of three public hearings on the plan calling it a
“slap in the face.”
Lilly reducing sales force by 191 as part of larger restructuring
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
First Merchants posts quarterly loss on bad loans
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
Ohio casino question could affect Indiana
Ohio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and
Toledo.
IBJ Media seeking approval for new projecting sign
The parent company of IBJ has filed plans to add a new sign with an electronic-message component outside the newspaper’s headquarters
at 41 E. Washington St.
Vengeance may be root of attack of lawmaker
Associates of a central Indiana legislator beaten over the weekend say a 1980s legal dispute might have triggered the attack.
Democratic Rep. Ed DeLaney of Indianapolis was taken to a hospital for treatment of facial fractures and a broken rib after
the attack Saturday in Carmel. Police officers arrested 38-year-old Augustus J. Mendenhall on attempted murder charges. Marion
County Democratic Chairman Ed Treacy says it appears Mendenhall was seeking revenge against DeLaney, an attorney who had worked
on litigation involving an adult bookstore owned by Mendenhallâ??s father.
Expert: Wishard referendum will pass
IUPUI political scientist Bill Blomquist predicts the Wishard hospital referendum will pass by a "comfortable"
margin.
Expert: Wishard referendum will pass
IUPUI political scientist Bill Blomquist predicts passage of the Wishard hospital referendum by a "comfortable" margin.
Investigators look for suspect in warehouse fire
Arson investigators are trying to find the person who threw a burning phone book through the window of a warehouse on the
southwest side in Indianapolis late last night. Someone threw the burning book into the Regal-Beloit warehouse at 6450 W.
Hanna Ave. Officials are going over surveillance video to get a look at a suspect. Crews put the fire out without much damage,
and no one was hurt.