GM planning $27M investment in Bedford plant
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant’s employment to some 650 workers.
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Tower maker gets OK for factory, plans to hire 600
Nello Corp., a South Bend firm that manufactures steel towers, plans to sink about $60 million into the project.
Pacers lose Stephenson to Hornets offer, reports say
Pacers free-agent guard Lance Stephenson has come to terms with the Charlotte Hornets with a three-year, $27 million deal, multiple media outlets reported Wednesday morning.
Study: U.S. millennials buying homes later in life
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
Emmert paid $1.7 million as NCAA revenue increases
Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.
Indiana sues county over I-69 noise ordinance
The Indiana Department of Transportation is suing the commissioners of a southern Indiana county, saying they have no authority to limit construction of the Interstate 69 extension near Bloomington with an ordinance that restricts overnight noise.
NCAA, schools need more financial transparency, bill says
Athletic departments, conferences and the governing body of college sports should be more transparent financially, according to a bill co-sponsored by a pair of U.S. congressmen.
House votes to extend moratorium on Internet taxes
Under current law, the moratorium expires Nov. 1, exposing Internet users to the same kind of connection fees that often show up on telephone bills.
Convenience stores remount challenge to cold-beer laws
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
Yellen says economy still needs Fed support
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
Ex-HHGregg manager’s lawsuit grows into class-action
The lawsuit now includes 62 current and former HHGregg employees who claim they were denied incentive bonuses totaling about $5 million.
Lilly reaches multiyear agreement to sponsor IMS race
The race, which takes place the day before the annual NASCAR Brickyard 400 race at IMS, will be called the Lilly Diabetes 250.
South Bend council rejects smoking ban for bars
By a 5-4 vote, South Bend failed to join major Indiana cities such as Indianapolis and Fort Wayne that go further than state law to prohibit smoking inside taverns.
Purdue reports big boost in research funding
Purdue University says its researchers obtained $389 million in outside funding in the past year, almost a 22-percent increase from the previous year and just short of a record.
Josh Kaufman among Indy Jazz Fest headliners
The multi-venue fest also will feature funk/soul saxophonist Maceo Parker and SNL trombonist Steve Turre.
Court to hear gay marriage arguments in August
A federal appeals court in Chicago will hear arguments in challenges of gay marriage bans in Wisconsin and Indiana's on Aug. 13.
Maplehurst plans expansion into Lebanon, 219 jobs
Maplehurst, which is based in Brownsburg, said it will renovate and equip a 180,000-square-foot facility in Lebanon that will house the warehouse, distribution and manufacturing operations for its cake and cupcake products.
Rates
The average rate for 30-year mortgages rose from 4.28 percent to 4.31 percent in the week ended July 10, according to Bankrate.com. The rate for 15-year mortgages rose from 3.4 percent to 3.41 percent.
Construction
-Capitol Construction has completed a 60,000-square-foot office expansion for Next Gear Capital at 11799 N. College Ave., Carmel.
-Capitol Construction has completed a 9,000-square-foot retail and office building for LOR Corp. at 1002 Broad Ripple Ave.
-Capitol Construction has completed a 1,600-square-foot health clinic for Midwest ISO at 720 City Center Drive, Carmel.
Leases/leasing contracts
-CloudBlue, an Ingram Micro company, leased 111,296 square feet at 5345 Decatur Blvd. The tenant was represented by Andrea Hopper and Pete Quinn of Cushman & Wakefield/Summit. The landlord, Westcore Properties, was represented by Michael Weishaar of Cassidy Turley.
-Acuren Inspection Inc. renewed its lease for 30,240 square feet of industrial space at 7515 Company Drive. The tenant was represented by J.D. Graves of CBRE. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.
-Fatheadz subleased 24,042 square feet of industrial space at 510-514 W. Merrill St. The subtenant was represented by Paul Kite of Strongbox Commercial. The sublandlord, The Millcraft Paper Co., was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.
-General Parts Inc. leased 8,800 square feet of industrial space at 7752-7796 Moller Road. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, CrossLake Partners, was represented by Todd Vannatta and Fritz Kauffman of Cassidy Turley.
-Inka’s Restaurant leased 3,200 square feet of restaurant space in Honey Creek Plaza, 5356 W. 38th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Verizon Wireless renewed its lease for 2,750 square feet of space in Cherry Tree Plaza, 9875 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Real Estate Investment Securities Association Inc. leased 2,599 square feet of office space at 10401 N. Meridian St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Meridian Plaza LLC, was represented by Nick Trimpe of Zeller Realty Group.
-Circle City Pizza renewed its lease for 2,269 square feet of retail space in Esquire Plaza, 8245 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Samerian Foundation and Expo Center leased 2,035 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Nick Roth of Sandor. The tenant represented itself.
-Hull & Associates leased 1,523 square feet of office space at 8445 Keystone Crossing. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Northside Realty Partnership LLP, was represented by Kevin Dick and Paul Dick of Colliers International.
-Pro Nail renewed its lease for 1,500 square feet of retail space in Cherry Tree Plaza, 9717 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-UZOOX leased 1,454 square feet of retail space in Indy Pavilions, 7035 E. 96th St. The tenant was represented by William Wilson of Paragon Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
-Fred Loya Insurance leased 1,254 square feet of space in College Park, 3269 W. 86th St. The tenant was represented by Sharon Thompson of KW Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
-Tropical Foods N More Inc. leased 1,200 square feet of retail space at Crooked Creek Shoppes, 7940 N Michigan Road. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
-Troutman's Barber & Beauty Salon leased 1,037 square feet of retail space at Lafayette Center, 4233 Lafayette Road. The tenant was represented by Lisa Ruscetti of Evolution Development Group LLC. The landlord, Lafayette Center LLC, was represented by Greg Smith and Bill Marsh of Colliers International.