Transit bill advances at Statehouse after losing amendments
The Indiana House Ways and Means Committee voted Tuesday morning to move a mass-transit bill to the full House, where it’s sure to see further debate.
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City-County Council approves ‘ban the box’ proposal
The Indianapolis City-County Council passed a "ban the box" ordinance by a wide margin Monday night. The ordinance says the city and its contractors may not use prior criminal convictions as a screening tool in hiring.
UPDATE: Indiana fish farm plans $30 million expansion
Bell Aquaculture is planning to add 75 jobs to its current work force of about 50 people at the fish farm in Redkey, but faces opposition.
Grid operators feud over transmission lines, payments
Midcontinent Independent System Operator Inc.’s recent expansion into the South has thrust the Carmel group into a dispute over whether it has to pay for using another firm’s power lines.
Lilly diabetes drug matches competitors’ effectiveness
The Indianapolis drugmaker said dulaglutide performed as well as Victoza, a best-selling drug for Type 2 diabetics made by Denmark-based Novo Nordisk. Analysts think dulaglutide could reach annual sales of $1.5 billion.
State Auto’s Midtown HQ building on block
State Auto Insurance is seeking to sell its nearly 200,000-square-foot regional headquarters building in Midtown and is listing the property for $9.1 million.
Indiana Wesleyan measure stirs religion debate
A measure designed to restore Indiana Wesleyan University's workforce training contract with the state unexpectedly raised issues about religious discrimination Monday in the General Assembly.
Indiana Senate amends pre-K education bill
The Indiana Senate shot down two proposed amendments to the pre-K education bill Monday, before finally accepting an amendment to add another member to the study commission.
Do Not Call expansion advances with exemptions
A House committee unanimously passed a bill Monday that would expand restrictions on telephone solicitation – after adding an amendment to exempt some types of organizations.
‘Indiana Grown’ bill passes General Assembly
House Bill 1039, authored by Matt Lehman, R-Berne, would create an 11-member commission to continue to endorse the current “Indiana Grown” initiative.
Indiana lawmakers draw close on business tax deal
A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures that would cut taxes on business equipment and corporate earnings.
Bill to allow booze sales at Indiana State Fair in home stretch
The Indiana Senate passed a bill to lift the ban 33-13 last month, and the state House now has the measure. It cleared the second of its required three readings in the House on Monday.
Construction
-TMG Construction Management Inc. has been hired to complete a 40,479-square-foot build-out for The RoomPlace at 8401 Michigan Road.
-TMG Construction Management nc. has been hired to build a 2,537-square-foot Chipotle Mexican Grill at 1002 Broad Ripple Ave.
Big Ten men’s basketball tourney already sold out
The tournament is returning to downtown’s Bankers Life Fieldhouse after being played at the United Center in Chicago a year ago. It will be the ninth time Indianapolis has hosted the tournament in the event's 16-year history.
Residential
The average rate for 30-year mortgages rose from 4.48 percent to 4.49 percent in the week ended Feb. 20, according to Bankrate.com. The rate for 15-year mortgages fell from 3.53 percent to 3.52 percent.
Leasing/leasing contracts
-Rubber Products Distributors leased 43,984 square feet of industrial space at 5230 Park Emerson Drive. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Emerson Industrial Building II LLC, was represented by J.D. Graves of CBRE.
-US Default Group LLC leased 5,384 square feet of office space at 8455 Keystone Crossing. The tenant was represented by Peter Alveal and Andreas Kapsalis of Premier Commercial Real Estate Services. The landlord, Quality Bancorp Inc., dba Salin Bank & Trust Co., was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Perfect 10 Enterprises Inc. renewed its lease for 3,810 square feet of retail space in The Pointe, 1259 N. State Road 135, Greenwood. The tenant and landlord, Sun Greenwood LLC, were represented by Cathy Richards of Lee & Associates.
-Marion County Democratic Central Committee leased 3,415 square feet of office space in the Barrister Building, 155 E. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.
-Sipes Law leased 2,605 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.
-Pad Thai leased 1,765 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Hamada Ibrahim of RP Lux Commercial Real Estate Services. The landlord, Keystone Realty, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-Rector Communications LLC leased 1,563 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Dawn McClanahan of Harshman Property Services LLC. The tenant represented itself.
-AlphaGraphics leased 1,400 square feet of retail space in Westover Commons, 577 S. Dan Jones Road, Avon. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Westover Commons Development Corp., was represented by Joe Lonneman of Ambrose Property Group.
-Perez & Perez leased 1,166 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Attorney Carl L. Epstein leased 606 square feet of office space in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Aldi (Indiana) LP leased 2.58 acres of retail land at 284-310 S. State Road 135, Greenwood. The tenant was represented by Jim Abel of Lee & Associates. The landlord, Union Streams LLC, represented itself.
Sales/acquisitions
-1132 Rangeline Road LLC bought a 8,726-square-foot office building at 1132 Rangeline Road. The seller, Dearborn Street Holdings LLC, was represented by Derek Menerey and Matt Kiger of Newmark Knight Frank Halakar. The buyer represented itself.
-Tobey Partners LLC bought a 24,639-square-foot industrial building at 2725 Tobey Drive. The buyer was represented by Kyle Powell of Ambrose Property Group. The seller, Rubber Products Distributors, was represented by Bart Book of Cassidy Turley.
-Cesar Chavez LLC bought The Shoppes at Southport Square, a 5,200-square-foot shopping center at 3935 E. Southport Road. The buyer was represented by Dan Powers of CBRE. The seller, Southport Square Shoppes LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
UPDATE: Bill to limit Indiana environmental rules dies
A state senator has killed legislation that would bar Indiana environmental regulators from creating standards harsher than federal rules.
Life sciences jobs pack 2-for-1 punch
While life sciences companies don’t rack up huge jobs numbers, their relatively high pay means that every job they create is worth two in the rest of the private sector.
Indiana’s hospitals face Obamacare timing problem
The Obama administration’s delays of Obamacare’s employer mandate penalties mean it will be another year or two before hospitals see the additional revenue the law was supposed to bring them.