Judge: Indiana senators can’t defend immigration law
A federal judge has rebuffed three Indiana lawmakers who asked to be allowed to step into a legal dispute over the state's immigration law after the attorney general declined to defend it.
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State adds jobs in February at healthy clip
Hiring surged in several sectors of the economy, but the unemployment rate inched higher as more residents started looking for work.
Butler coach Stevens not leaving for UCLA, sources say
Brad Stevens visited with UCLA officials this week, sources said, to discuss the school’s vacant coaching job. But several sources, including ESPN and CBS Sports, reported Friday afternoon that Stevens was staying at Butler.
Bill would expand state’s historic preservation tax credit
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.
Boomerang comes back with plans for Noblesville subdivision
A local developer is moving forward with plans to build a 144-lot subdivision in Noblesville—the first such project city officials have OK’d since approving another proposal for the same property in 2007.
WIBC’s Wenck opts to drop mic for sales job at sister station
The afternoon drive-time personality has left the studio but not the building, switching to a sales job with sports-talk station WFNI “The Fan.”
Indiana corn dog maker with 87 workers closing
A company founded more than 50 years ago as Al Pete Meats is closing its doors, ending 87 jobs.
Residential
The average rate for 30-year mortgages fell to 3.75 from 3.78 percent for the week ended March 27, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 2.97 percent.
Leases/leasing contracts
-Kittles Home Furnishings leased 30,059 square feet at Raceway Plaza, 10695 E. U.S. 36, Avon. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Raceway Nine, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Natural Stone & Tile leased 17,330 square feet of industrial space at 8875 Bash St. The tenant was represented by Michael Napariu of REI Investments. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Johnson, Grossnickle + Associates Inc. leased 6,083 square feet of office space at 21-63 S. Park Blvd., Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Artisanz Fabrication & Machine Co. leased 5,000 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, Damon Jones, was represented by Patrick Lindley of Cassidy Turley. The tenant represented itself.
-International Center of Indianapolis leased 4,640 square feet of office space at One Indiana Square at Ohio and Pennsylvania streets. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlords, Michael Maurer and Todd Maurer, were represented by Ralph Balber of Newmark Knight Frank Halakar.
-Turning Point Dental leased 4,545 square feet at Five River Crossing, 8555 N. River Road. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, River Crossing Five LLC, was represented by Barb Zike of PK Partners.
-Spectrum Financial Group LLC leased 4,003 square feet at 9000 Keystone Crossing. The tenant was represented by Jack Esselman of J. F. Esselman Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Procter & Gamble RHD Inc. leased 2,407 square feet at 8900 Keystone Crossing. The tenant was represented by David Mennell of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Kessler Krest Baptist Church leased 2,200 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Yumi Prater of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-Vein Clinics of America Inc. leased 2,190 square feet at 9000 Keystone Crossing. The tenant was represented by Zane Brown of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-VHA Inc. leased 1,597 square feet at 8900 Keystone Crossing. The tenant was represented by Denice Michel of Jones Lange LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Enzo Pizza leased 1,201 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Andrew Martin, Bennett Williams and Allison Hawley of Cassidy Turley. The tenant represented itself.
-Erin Buck leased 1,150 square feet of office space at 1701 Library Park Blvd., Greenwood. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.
Sales/acquisitions
-The Neher Group bought a 27,492-square-foot industrial property at 7740 Johnson Road. The buyer was represented by Mark Writt of CBRE. The sellers, Jody Maugham, Linda Overby and Ellen Cry, were represented by Jeff Castell and Luke Wessel of Cassidy Turley.
-Good Wood LLC bought a 27,340-square-foot industrial property at 6312 Southeastern Ave. The buyer was represented by J.D. Graves of CBRE. The seller, Trustee of James W. Aikman Revocable Trust, was represented by Michael Weishaar of Cassidy Turley.
Restarting an arts engine in Louisville at Humana Festival
Lou Harry is exploring innovative ways to cover the arts this weekend as part of a team creating a here-today/gone-soon pop-up newsroom at the Humana Festival of New American Plays.
State legislators approve tougher ‘bath salts’ law
Bill supporters added a "lookalike" provision they say was needed because drug makers have simply made changes to the drug compounds to get around current laws that are based on specific chemical makeups.
Indiana wraps up deal for Ohio River toll bridge
Toll revenue appropriated by the Indiana General Assembly is scheduled to pay off $1.48 billion in bonds by 2051.
S&P 500 closes with record high, beating 2007 mark
For the second time in less than a month, the stock market marched past another milepost on its long, turbulent journey back from the Great Recession.
CNO Financial to take $57M charge in first quarter
The Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to a recent tender offer.
Crunching the numbers on Obamacare
The biggest changes from President Obama’s 2010 health reform law take effect nine months from now, so many Hoosier employers have started crunching detailed numbers to cost out their options.
Graphic designer advises marketers on nuances of reaching Latinos
Advertiser Carlos Sosa has designed some very recognizable work—including logos for IndyGo and the Indianapolis Indians—but he is more focused these days on helping businesses more effectively market to the Indianapolis Latino community.
Miles hits throttle on overhaul for IndyCar, IMS
Hulman & Co. CEO Mark Miles is revving up an ambitious plan to overhaul the IndyCar Series and Indianapolis Motor Speedway management team. He wants to develop a revenue-sharing plan that assures the series and the tracks that host its races are motivated to roll in the same direction.
Veteran residential launches own real estate firm
Joe Everhart, who had spent 20 years at the Sycamore Group, opened his own business at 716 Massachusetts Ave.