Villaggio retail spaces up for auction following foreclosure
The developer of the condo project on Virginia Avenue defaulted on the balance of an $11.6 million loan, prompting the sale of the ground-floor storefront units.
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LISC aims to turn dormant industrial sites into job-creators
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
Westfield OKs publicly funded facility lease
Westfield’s $45 million-plus bet on youth sports got bigger Monday, when its City Council approved a publicly funded lease to build a $25 million indoor soccer facility at Grand Park.
Takeda, Lilly win 99-percent cut in Actos damages award
Judge Rebecca Doherty in Lafayette, Louisiana, said the jury’s decision to order Takeda to pay $6 billion and Lilly $3 billion was excessive and should be reduced to a total of $36.8 million.
Allison exceeds expectations with quarterly report
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
Anderson University trustees make Pistole president-elect
The election Monday of the 58-year-old Pistole is expected to be ratified next June by the General Assembly of the Church of God (Anderson), which operates the 2,500-student university.
Seals Ambulance sells to Tennessee firm
Seals Ambulance, with 325 workers and nearly $13 million in revenue, will be acquired by Priority Ambulance, but keep its local leadership and name.
Lechleiter: It’s morning at Eli Lilly
Lilly CEO John Lechleiter kicked off the company’s quarterly conference call with investors and analysts by declaring an end to the “unprecedented challenge” that Lilly lived through the past four years.
Turnabout on education hints at election fears
Legislative races across the state this year have quietly shaped up to be continuations of the acrid education fights that have punctuated the past two Indiana election cycles.
U.S. home sales eke up in September, credit stays tight
Average 30-year mortgage rates have tumbled below 4 percent, but it remains difficult to qualify for financing.
Indiana candidates in attack mode for final push
There has been a marked change in tone from just a few weeks ago, when statewide campaigns took to the airwaves with whimsical campaign ads introducing themselves to Indiana voters.
People
Fairbanks CEO Mark Monson resigned recently for undisclosed reasons. He had led the hospital that offers addiction services since October 2012. He will be replaced on an interim basis by Barbara Elliott, Fairbanks’ chief financial officer. While the Fairbanks board searches for a new CEO, Elliott will also oversee the charter school Fairbanks operates, Hope […]
Indiana man sentenced for running fake credit union
Timothy Coughlin, 63, of Indianapolis was ordered to pay $10 million in restitution at sentencing Friday in federal court. Prosecutors say 5,000 investors from 50 countries and all 50 states made deposits to his fake credit union.
Company news
The Health Foundation of Greater Indianapolis awarded grants totaling $3.15 million to 10 health care providers and AIDS service agencies to help end AIDS in Indiana. The grants are more than six times as much money as the Health Foundation has given in any previous year. The largest grant, $1.3 million, will help The Damien […]
2014 WOMAN OF INFLUENCE: Kendra Wilds York
As public finance director for the state of Indiana since 2009, Kendra Wilds York has been spending a lot of time getting people from one place to another.
2014 WOMAN OF INFLUENCE: Jennifer Vigran
A volunteer application Jennifer Vigran filled out 13 years ago at Second Helpings Inc. led to her taking the helm of the hunger-relief organization in 2010, then growing it to a point where it will deliver more than 1 million meals this year.
2014 WOMAN OF INFLUENCE: Nancy H. Vaidik
Gov. Frank O’Bannon appointed Judge Nancy H. Vaidik to the Court of Appeals in 2000, and last year her colleagues named her chief judge of the court for the three-year term that began in January.
2014 WOMAN OF INFLUENCE: Deborah Hearn Smith
Deborah Hearn Smith became a Brownie at age 5 and earned the highest award in Girl Scouting, the Curved Bar (now the Gold Award), at 17. Now she helps enrich the lives of more than 40,000 girls as CEO of Girl Scouts of Central Indiana.
2014 WOMAN OF INFLUENCE: Becca Polak
As general counsel for KAR Auction Services—which now owns Adesa and other automotive entities—Becca Polak runs a legal department that includes 14 lawyers and an equal number of support staff for a 12,000-employee company with $4 billion in annual revenue.