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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.

More IU, Purdue projects could move forward

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.

Regulators close Irwin banking operations

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.

Chamber puts support behind Wishard hospital 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.

Clinton, Bird among mourners at Simon funeral

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.

Lilly revises playbook in effort to score more ‘touchdowns’

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.

NCAA, city haggle over Final Four rental deal

A little more than six months before the 2010 NCAA men’s Final Four is set to tip off at Lucas Oil Stadium, the NCAA
has not yet finalized a rental deal for the facility. While officials for the NCAA and Local Organizing Committee,
the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual
not to have an agreement pinned down in the months leading up to the event.

Indiana turns away booze-distribution heavyweight

The Indiana Alcohol and Tobacco Commission has voted to deny liquor and wine permits for Southern Wine & Spirits of
America Inc., the nation’s largest liquor distributor, citing concerns over a track record of anti-competitive behavior.

Australian owner abandons efforts to sell Chase Tower

Macquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston and a property in Denver that failed to draw juicy enough offers.