Archivist: IRS didn’t follow law with lost emails
The Internal Revenue Service did not follow the law when it failed to report the loss of records belonging to a senior IRS executive, the nation's top archivist told Congress on Tuesday.
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NASCAR cuts staff as Brickyard 400 nears
New chief operating officer spins stock car series 180 degrees. NASCAR, one of the few sports entities to add employees during the recession, is now paring down.
Auto supplier expected to bring about 250 jobs to Indiana
An auto supplier has signed a lease to move into a new 150,000-square-foot building in Jeffersonville this summer, officials said.
CBRE awarded management of Chase Tower, PNC Center
The real estate brokerage won the business following a shakeup at Commonwealth REIT, which owns the building. An investor campaign led to the ouster of its board in March.
Indiana gasoline prices ninth highest in nation
While gas prices in Indiana have gone down slightly over the past week, they are still expected to remain high through the July 4 holiday, said Michael Green, Manager of Public Relations at the American Automobile Association.
Updated renderings: $25M Millikan on Mass project
Developers on Tuesday are set to break ground on the second phase of the $25.4 million mixed-use project, which will include 64 market-rate apartments and 15,000 square feet of retail space.
Flex-office operator adds 58 suites in Mass Ave area
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
Fishers health analytics firm to expand, add workers
Healthiest Employers LLC plans to move software development to its Fishers headquarters in an expansion that will add up to 90 jobs by 2017.
Pence hosts conservatives for Indiana tax summit
The governor is hosting a group of state and national tax experts to consider ways to overhaul the state’s tax code.
IRS head says no obstruction of Congress in probe
The head of the Internal Revenue Service brushed aside accusations Monday that the agency has obstructed investigations into the targeting of tea party and other political groups, even as Republican lawmakers questioned his credibility.
Westfield nears decision on iconic towers along U.S. 31
Westfield City Council is considering a nearly $3 million plan to erect a pair of “landmark” towers at U.S. 31 and State Road 32, considered a key gateway to the growing community.
Sales of U.S. existing homes up 4.9 percent in May
Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year.
Indiana students to face 2 new tests next 2 years
Major changes in the state's education policies will have Indiana students taking new, different standardized tests in each of the next two academic years, officials said Monday.
Obama says U.S. should provide paid maternity leave
The president is touting paid maternity in the midst of a midterm election campaign focused on women voters, without describing the details of how he would fund such a system.
Carmel firm acquired by Silicon Valley company
Anacore Inc., which develops software for touch-screen programs, has been acquired by Prysm Inc., a San Jose, Calif.-based company that makes big-screen video walls that use Anacore’s technology.
Fox59 announces newsgathering deal with Indianapolis Star
The Star will team with Fox59 and its sister station WTTV-TV Channel 4 for coverage of "select breaking news, sports, weather, election and investigative stories," the media outlets said in a prepared statement.
Construction
-Capitol Construction has completed a 10,400-square-foot office build-out for Fink, Petrie & Roberts at 9449 Priority Way West Drive.
-Capitol Construction has completed a 3,000-square-foot office build-out for Humana at 7035 E. 96th St.
-Capitol Construction has completed the remodel of an 1,800-square-foot Starbucks at 5943 S. East St.
People
Adam G. Chavers is to join Browning Investments Inc. as senior vice president of development effective July 7.
Rates
The average rate for 30-year mortgages dipped from 4.34 percent to 4.33 percent in the week ended June 19, according to Bankrate.com. The rate for 15-year mortgages rose from 3.43 percent to 3.44 percent.
Leases/leasing contracts
-National Oilwell Varco leased 31,790 square feet of industrial space at 9870 E. 30th St. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, James D. Crawford Trust, was represented by Luke Wessel of Cassidy Turley.
-Progressive Casualty Insurance Co. renewed its lease for 17,444 square feet of office space at 5975 Castle Creek Parkway. The tenant was represented by Tom Osborne and Kimberly Estes Hartman of Colliers International. The landlord, LS REF2 OREO/Castle Creek, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-The Icing On The Cake Event Center LLC leased 4,084 square feet of retail space at Lafayette Center, 4261 Lafayette Road. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar.The landlord, Namdar Realty Group, was represented by Bill Marsh and Greg Smith of Colliers International.
-CTL Global Holdings LLC leased 2,125 square feet of industrial space at 6330 E. 75th St. The landlord, TIAA-CREF, was represented by Todd Vannatta and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Sweet Express Yogurt Shop leased 1,967 square feet at North Willow Mall, 2278 W. 86th St. The landlord, Township 86 Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-A Nail Salon leased 1,800 square feet at Brownsburg Shopping Center, 816 E. Main St., Brownsburg. The landlord, TCP Brownsburg Center LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,460 square feet at Sandstone Commons, 11640 Brooks School Road, Fishers. The landlord, CPM III LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-China Wok Restaurant leased 1,370 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Jerry Zheng of DOC Real Estate Inc. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-9-Round Kickboxing leased 1,272 square feet at 116th Street Centre, 980 E. 116th St., Carmel. The Landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.