Unfinished federal bailout sealed Irwin’s failure
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
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Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
Fort Wayne’s expanded convention center and a planned downtown hotel are proving attractive to conventions, including at least
four events long held in Indianapolis.
Comcast Corp. is making videos seen on the Discovery Education channel available on demand to its Indianapolis-area digital
subscribers, the cable television company announced today.
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering
and will use some of the proceeds to fund potential acquisitions.
-America’s Floor Source leased 9,800 square feet of warehouse space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Mark Stephenson of Sigma Group. The tenant was represented by Matt McGrady of Summit Realty Group and Chris Miller of Continental Real Estate in Columbus, Ohio.
-Schiele Enterprises leased 21,000 square feet of warehouse space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Mark Stephenson of Sigma Group. The tenant was represented by Kevin Kempf of Colliers Turley Martin Tucker.
– HG Metals leased 25,950 square feet of industrial space in Brookside Industrial Park, 1720 Wales Ave. J.D. Graves of Colliers Turley Martin Tucker represented the tenant. The landlord, Brookside Industrial Park LLC, was represented by Tyler Mensch, also of Colliers.
-Rescare Inc., doing business as Community Alternatives Adept/Voca Central, leased 16,111 square feet of office space at 8041 Knue Road. The tenant was represented by Brian Askins of UGL Equis. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.
-The Bonar Group leased 4,880 square feet of office space at 6410-20 Castleway West Drive. The tenant was represented by Brian Askins of UGL Equis. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.
-McLeod USA Telecommunications Services Inc. leased 19,221 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Partners National Real Estate in Dallas. Fritz Kauffman and Bryan Poynter of Colliers Turley Martin Tucker represented the landlord, ING Clarion.
-Family Tree Counseling Associates leased 2,087 square feet of office space at 706 Pro Med Lane, Carmel. The tenant was represented by Ryan Conrad of Resource Commercial Real Estate. The landlord, Mascaro Holdings LLC, was represented by David A. Moore, Bennett M. Williams and Darrin L. Boyd of Colliers Turley Martin Tucker.
-Mainstreet Property Group purchased 17 acres of land east of State Road 37 and Cumberland Road in Noblesville for $2.2 million. Abbe Hohmann of Colliers Turley Martin Tucker represented the seller, Brookview Properties II. The buyer was represented by Bill Flanary, also of Colliers. -Westfield Outdoor bought an 18,262-square-foot office building at 8675 Purdue Road for $1.27 million. Jon Owens and Brian Meeks of Colliers Turley Martin Tucker represented the seller, Capstone Realty Company LLC. The buyer was represented by Mike Clark of the F.C. Tucker Co.
Leasing/leasing contracts
-Grace Assembly of God leased 5,000 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. The tenant was represented by Bruce Richardson of Royal Companies Inc.
-Hong Kong House leased 2,432 square feet at Marketplace at Anson, 6579 E. State Road 334, Zionsville. Scot Courtney, Bart Jackson and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co. represented the landlord, Duke Realty Corp. The tenant represented itself.
-Subway leased 2,213 square feet at Hamilton Crossing, 12261 N. Meridian St., Carmel. Rick Jones of Grubb & Ellis Harding Dahm & Co. represented the tenant. Andrew Hasbrook of Kite Realty Group represented the landlord, Kite Realty Group Trust.
Indianapolis-based Eli Lilly and Co. announced today that a clinical trial showed lung cancer patients treated with Lilly
drug Alimta lived about three months longer than those who received the best available care.
NASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company’s stock doesn’t rise
above the minimum bid price of $1 per share within the next six months.
More than $130 million in construction projects will get a chance to move forward after being put on hold over a top lawmaker’s
objections to the schools’ tuition increases.
State and federal regulators shut down the two banking subsidiaries of ailing Irwin Financial Corp. of
Columbus. The action makes Irwin Union Bank and Irwin Union Bank FSB the first financial institution failures in Indiana since
steep losses hit the industry last year.
The Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised
to take a leadership position to help hospital leaders win voter approval for the project.
Former President Bill Clinton described Melvin Simon as one of the most remarkable people he’s ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
The Indianapolis Airport Authority agreed at its monthly meeting this morning to explore turning over management of the airport’s
parking operations to an outside company.
Indiana’s unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
Medical equipment supplier Hill-Rom Holdings Inc. said yesterday it has begun a chief executive search to plan for the retirement
of current CEO Peter Soderberg.
The former volunteer treasurer of an arts group that stages one of Indianapolis’ best-known art fairs has been charged with
embezzling about $400,000.
The drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the
last four years has a new drug actually made it to market—the industry’s equivalent of getting
across the goal line.
Purses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines
in June 2008.