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Irwin Financial files for bankruptcy liquidation
Columbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
Indianapolis lands 2013 men’s NCAA regional
Indianapolis has been selected to host a regional round of the 2013 NCAA men’s basketball tournament, the NCAA announced
today.
Honda starts exporting cars from Greensburg
The Honda plant in southern Indiana that started production last year is now building cars for export from the United States.
Mead Johnson plans expansion in Evansville
Mead Johnson Nutrition plans to spend nearly $33 million at a southwestern Indiana facility where it plans to start making
powdered infant formula products.
Chamber puts support behind Wishard proposal
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. The business trade group issued
a statement today endorsing the $754 million project, saying the hospital’s plan to finance the project is sound. Marion County
voters will have to approve the plan in a Nov. 3 referendum because Wishard’s parent organization, the Health & Hospital Corp.
of Marion County, will fund the project with bonds that will be backed by taxpayers in case of default.
NASDAQ threatens to delist Emmis stock
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. Shares of the Indianapolis-based media company, which
were trading this morning at 89 cents apiece, haven’t traded above $1 since September 2008. To regain compliance, Emmis stock
must trade above the $1 per share minimum bid price for 10 consecutive business days before March 15.
Lilly: Alimta improves survival in lung cancer
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. Alimta is used as a “maintenance
therapy” for patients whose disease has not progressed after chemotherapy. In a study involving 663 patients, Lilly said patients
treated with Alimta and best available care lived for an average of 13.4 months. Those treated with best care and a placebo
lived for an average of 10.6 months.
Fort Wayne lures long-time conventions from Indy
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. The Grand Wayne Center said six new conventions will be held starting this fall, including
events by the Indiana Music Educators Association, the Indiana Library Federation, the Hoosier Hospitality Conference and
Indiana Farm Bureau. All four groups had previously conducted their conventions in Indianapolis. The Fort Wayne/Allen County
Convention and Visitors Bureau estimates the four events will have an economic impact of $5.9 million.
Old Nat selling stock for potential purchases
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public…
Unfinished federal bailout sealed Irwin’s failure
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
Unfinished federal bailout sealed Irwin’s failure
Up to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
Fort Wayne lures long-time conventions from Indy
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 rolls out on-demand education offerings
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.
Old National selling stock to fund potential purchases
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.
092109_REW_Leasing2
-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.
Sales/acquisitions/listings
-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.
Lilly: Alimta improves lung-cancer survival time
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 threatens to delist Emmis stock
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.