U.S. House votes to revive expired research tax credit
The 274-131 vote follows calls to restore the credit by a coalition of companies including Indianapolis-based Eli Lilly and Co. and Texas Instruments Inc.
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Developer reveals plans for $40M Westfield project
A Westfield-based investment group is working on plans for a $40 million “life wellness” development on land it’s buying from Westfield-Washington Schools.
UPDATE: Doctors nationwide victimized in ID theft fraud
The American Medical Association says the exact number of doctors affected by tax fraud isn't known, but hundreds of cases have been confirmed, including dozens in Indiana.
High court to hear appeal of right-to-work law
The Indiana Supreme Court will hear arguments in September on Indiana's appeal of a judge's ruling declaring the state's right-to-work law unconstitutional.
UPDATE: Fatal accident wreaks havoc on north-side traffic
Two highway workers were killed when a pickup truck crashed in an Interstate 69 construction zone on the northeast side of Indianapolis. Morning commute traffic backed up for miles.
Mortgage rates sink to 2014 low
Warmer weather has yet to boost home-buying as it normally does. Rising prices and higher rates have made affordability a problem for would-be buyers, while many homeowners are reluctant to list their properties for sale.
Witnesses oppose labor ruling on college athletes
Baylor University President Ken Starr voiced strong opposition Thursday to a regional National Labor Relations Board ruling that scholarship football players at Northwestern University are technically school employees and thus entitled to collective bargaining rights.
UPDATE: Toyota to quit Camry production in Lafayette
Fuji Heavy Industries Ltd., the maker of Subaru cars, will stop making Camry cars in the U.S. for its largest shareholder, Toyota Motor Corp., in the second half of 2016. About 100,000 Camrys are made annually at the Indiana plant.
Supreme Court takes up case on death records
An attorney for an Evansville newspaper on Thursday told the Indiana Supreme Court that the public should be able to find out a person’s cause of death. But the Vanderburgh County Health Department argued that state law says otherwise.
Indiana water regulator must wait for new job
The State Ethics Commission ruled Thursday that Gregory Ellis must wait at least a year before he can accept a job as director of government affairs for the Indiana American Water Co.
IMS officials expect Grand Prix attendance to top projections
With good weather on Saturday, Indianapolis Motor Speedway officials think they could easily top 40,000 in attendance for the inaugural Grand Prix of Indianapolis.
Electric-car charging station to open by May 19
A kiosk and charging stations for Bollore Group’s car-sharing service were installed this month at 14 E. Washington St., in time for the Electric Drive Transportation Association’s annual conference that begins May 19.
Chief of staffing company becomes Angie’s chairman
John Chuang, co-founder and CEO of Boston-based Aquent LLC, fills the role of retiring Angie’s List director Keith J. Krach of California, who is CEO of DocuSign.
Battery Ventures reaping rewards from big bet on Indy
The tech VC firm recently invested $7 million in Smarter Remarketer. It previously bet on Made2Manage Systems, Angie’s List and ExactTarget.
DINING: Newcomer Chuy’s stands out in crowded Tex-Mex field
It’s difficult to imagine a chain Tex-Mex restaurant generating much excitement. But crowds are flocking to the Hamilton Town Center newcomer.
Residential
The average rate for 30-year mortgages fell from 4.44 percent to 4.37 percent in the week ended May 8, according to Bankrate.com. The rate for 15-year mortgages fell from 3.51 percent to 3.45 percent.
Citizens deal is working
Recently, Citizens Energy Group received regulatory approval to raise rates [April 23 IBJ] to continue updating the community’s aging water and wastewater systems.
Construction
-Capitol Construction has completed a 9,000-square-foot office build-out for Sun Life at 301 Pennsylvania Parkway.
-Mattingly Construction has completed a 19,500-square-foot build-out for Parabellum Gun Range at 8217 Kingston Ave., Avon.
Leases/leasing contracts
-Hellman Worldwide Logistics renewed its lease for 96,336 square feet at Park 100 Building 99, 5075 W. 74th St. The tenant was represented by David Creiner of Jackson Cooksey and Chris Black of CBRE. The landlord, Pinchal & Co., was represented by Jake Sturman and Chip Barnes of JLL.
-Keronite Inc. renewed its lease for 13,600 square feet of industrial space at 2121 Southtech Drive, Greenwood. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Liberty Property Trust, was represented by Brian Buschuk and Jake Sturman of JLL.
-Indiana Soccer Association Inc. leased 4,774 square feet of office space at 9333 N. Meridian St. The tenant and landlord, Landmark Properties Inc., represented themselves in the transaction.
-Nimble Jacks leased 3,801 square feet of office space at 47 S. Pennsylvania St. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Pillar Majestic LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Advanced Engineering Consultants-Indiana LLC leased 2,541 square feet of office space at 8606 Allisonville Road. The tenant was represented by Kevin Dick of Colliers International. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark.
-The Huntington National Bank NA leased 2,430 square feet of retail space in Providence at Old Meridian at 12505 Old Meridian, Carmel. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Providence HUD LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.
-Rocker Sign & Graphics leased 1,500 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Teresa Clements of Lee & Associates.
-VIP Wireless leased 900 square feet of retail space at 2918 W. 16th St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.