Sales/acquisitions
Marksmen Construction Services bought a 12,770-square-foot industrial property at 5235 Elmwood Ave. The buyer was represented by Fritz Kauffman of Cassidy Turley. The seller, JW Sales Inc., was represented by Lee Horgan of CBRE.
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Explanations vary for dearth of women in top rungs of business
Of 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries, Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
Are hospitals on trajectory to pair up?
Indianapolis-area hospitals are undergoing such profound and permanent changes that some predict, eventually the four major hospital systems will merge and shrink down to two.
City can tap $39 million in low-interest loans
Affordable-housing builders are enthusiastic about the new source of low-cost capital, which is targeted at a large swath of the inner city, excepting downtown.
RACE: From Cardiff to Indianapolis, livable cities are universal
The capital cities of Wales and Indiana have much in common and are designing for the future.
Skarbeck: IPO of N.Y. skyscraper is a real landmark deal
Investors soon will have the opportunity to own a piece of an American landmark. The Empire State Realty Trust, whose signature property is the Empire State building, will offer shares to the public.
Hicks: Finding the good and the bad in TARP bailouts
The Congressional Budget Office’s most recent assessment of the cost of the Troubled Asset Relief Program, in late May, occasioned far less thoughtful discussion of the role of government than it should have.
Paterno family sues NCAA over Penn State’s Sandusky fine
In a complaint filed Thursday, the family of the deceased coach and five members of the school’s board of trustees said the Indianapolis-based NCAA improperly interfered and grossly mishandled a criminal matter outside the scope of its authority.
What is tipping point for development incentives?
A Carmel City Council committee’s decision not to help Pedcor Cos. land a state tax credit sent a message to developers: Public money won’t be flowing quite as freely in the future.
Sallie Mae expects split to have ‘limited’ effect in Indiana
The student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities. The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
Fair officials seek workers
Indiana State Fair organizers are conducting a job fair Thursday from 3 p.m. to 7 p.m. in hopes of filling 500 openings for this year’s event. Jobs available include ticket seller, parking attendant and security. Anyone in line before 7 p.m. at the agriculture and horticulture building at the fairgrounds will be interviewed, officials said.
Walmart evacuated by threat
A Walmart Supercenter on Pendleton Pike in Lawrence was evacuated Thursday after a bomb threat was reported just before 8 a.m. Police searched the store for more than an hour before allowing it to reopen.
Man critically injured in fire
A man was critically injured by a fire in his Wayne Township home Thursday morning. The blaze broke out at about 9 a.m. in the 2500 block of South Holt Road. Officials said the fire was contained to one room and the attic.
IRT’s Stolen to exit in swell of arts group departures
Managing Director Steven Stolen will leave the repertory theater for a position with Rocketship Education. Other local performing arts executives stepping down are John Pickett of the Indianapolis Opera and Kirk Trevor of the Indianapolis Chamber Orchestra.
U.S. claims for unemployment benefits rise modestly
The Labor Department said the four-week average of Americans seeking unemployment aid inched up to 347,250, a third straight increase.
Indiana farmers make rapid progress planting corn
Indiana farmers who had worried that wet spring weather would prevent them from planting some of their corn fields are now ahead of schedule at getting the state’s top crop in the ground.
New Dunkin building design reveals second level
Under Keystone Group’s tentative plans, the developer would add a second story to the building at the high-profile corner of Washington and Pennsylvania streets in hopes of luring a national restaurant.
Endowment assets soar $1.2B as Lilly shares climb
Lilly Endowment awarded $230 million in 2012, mostly to Indiana groups. Its fortunes still are largely tied to the value of Eli Lilly and Co. stock, despite an effort to diversify the private foundation’s holdings.
Indy 500 drivers’ failure to mention sponsors inexcusable
During his post-race interview, Indy 500 winner Tony Kanaan mentioned his dad, son, Alex Zanardi, and a woman who returned a good-luck medal he gave her nine years ago. All very nice, but those aren’t the people who pay the bills.