High court seems to favor Monsanto in patent case
The U.S. Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.
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One injured in apartment fire
A person was critically injured in an apartment fire on the city’s west side late Monday. The blaze broke out about 10 p.m. in the 3000 block of Watergate Road, near 34th Street and Moller Road. Investigators say the fire started as a result of unattended cooking. Nine residents in neighboring apartments escaped without injury. The victim suffered severe smoke inhalation.
Police probe likely shooting death
Indianapolis police are investigating a likely shooting death on the city’s east side. A body of an unidentified female with an apparent gunshot wound was found about 4:30 a.m. Tuesday in the 2800 block of North Hawthorne Lane. Police received a call about gunshots being fired in the area about an hour before they discovered the body, but the caller hung up before providing much information.
Ambulances line up to honor fallen medic
Ambulances and emergency vehicles lined up Tuesday morning for a funeral procession honoring Timothy McCormick, one of the two Indianapolis medics who died over the weekend in a crash involving their ambulance. McCormick, 24, and Cody Medley, 22, were killed after a car ran a flashing red light and collided with their vehicle on Saturday, investigators said. A private funeral for Medley is set for Friday. A public memorial service for both victims is scheduled for 10 a.m. Wednesday at Butler University’s Clowes Memorial Hall.
First Internet plans 48 jobs in $4.3M Fishers office
The $4.3 million expansion will go toward purchasing and refurbishing a building near Interstate 69 and 116th Street that formerly housed the St. Vincent Health medical center.
Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Remy International reports $138M annual profit
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
NCAA fires VP of enforcement after botched Miami investigation
An internal report found the NCAA violated its own practices and policies by paying the attorney for convicted Ponzi-schemer Nevin Shapiro thousands of dollars to help with the Miami case.
Indiana panel advances $30B budget on partisan vote
A pair of Republican senators argued Tuesday for the personal income tax cut that Indiana Gov. Mike Pence has made his top priority, while House Republicans across the hall advanced a budget that swaps that cut for education and roads spending.
Lilly’s Alzheimer’s effort may gain from brain-mapping plan
Roche AG and Eli Lilly and Co., two drugmakers racing to develop treatments for some of the least understood brain disorders, may gain the most from a U.S. government boost in funding to fully map the human brain.
High-stakes fight over soybeans at high court
The court case poses the question of an Indiana farmer’s actions violated the patent rights held by Monsanto, which developed seeds that survive when farmers spray their fields with Roundup weed-killer. The seeds dominate agriculture, including in Indiana, where more than 90 percent of soybeans are Roundup Ready.
Legislature backs delay for Indiana farmland tax hike
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
REI, Chicago partner picked to build office building at IUPUI
The five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street and University Boulevard.
Purdue hopes huge donation first of many under Daniels
Purdue University has high hopes that former Gov. Mitch Daniels’ new role as president and donation pitchman eventually will help double charitable contributions to the school.
Indiana school voucher expansion scaled back
The House Ways and Means Committee removed a provision that would have opened the voucher program to current private school students by not requiring them to first spend at least one year in public schools.
Residential
The average rate for 30-year mortgages rose from 3.76 percent to 3.79 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.00 percent to 3.02 percent.
Construction
-Kort Builders has completed a 3,120-square-foot retail space for Scrubs & Beyond at 6810 S. Emerson Drive.
-Kort Builders has completed the exterior and interior renovation of an 8,860-square-foot Cort Furniture at 4904 Century Plaza Road.
People
The local office of Jones Lang LaSalle has promoted John Robinson from executive vice president to managing director, Adam Broderick from vice president to senior vice president and Stacy Hofinger from senior associate to vice president.
IU docs in middle of Community-Wishard deal
The new partnership between Community Health Network and Wishard Health Services could put a third health care entity in an awkward position: the Indiana University School of Medicine. Virtually all of the nearly 1,100 physicians who practice at Wishard Memorial Hospital and its community clinics come from the IU medical school.
Leases/leasing contracts
-Heartland Food Products Group leased 112,080 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Fritz Kauffman and Don Treibic of Cassidy Turley. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-facadeTek Inc. leased 90,400 square feet in Park 100, Building 74, 5102-5160 W. 76th St. The landlord, Duke Realty, was represented by Duke's Jay Archer. The tenant represented itself.
-America’s Floor Source leased 51,611 square feet lease in Hunter Creek Business Park, Building 2, at 33rd Street and Post Road. The tenant was represented by Matt McGrady and Mike Lubbers of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-NovaFlex Hose, Inc. renewed its lease for 20,232 square feet of space in Park 100, Building 68, 7802-52 Moller Road. The landlord, Duke Realty, was represented by Duke's Jay Archer. The tenant represented itself.
-4S Petro Inc. leased 14,700 square feet of retail space at 1229 N. Bluff Road. The landlord, Young & Young, was represented by Bo Leffel and John Byrne of Cassidy Turley. The tenant represented itself.
-Aaron’s Rents leased 11,500 square feet at 4407 Lafayette Road. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Woodrow J. and Betty L. Lane, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-O'Reilly Auto Parts leased 6,510 square feet of retail space at 3520 Mann Road. The landlord, InSite Real Estate Development LLC, was represented by John Byrne of Cassidy Turley. The tenant represented itself.
-Finance Center Federal Credit Union leased 6,000 square feet of retail space at 5410 5540 E. 82nd St. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley. The tenant represented itself.
-The Trustees of Indiana University leased 5,909 square feet in Park 100, Building 102, 5980 W. 71st St. The landlord, Duke Realty, was represented by Duke's Jay Archer, Kate Ems and Adam Seger. The tenant represented itself.
-Ports of Indiana leased 5,681 square feet of office space at 150 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, NEA Properties Inc., was represented by Matt Langfeldt of Summit Realty Group.
-NICO Corp. leased 5,621 square feet in One Parkwood, 250 E. 96th St. The tenant was represented by Scott Lindenberg of Reliant Partners. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.
-Garrison Law Firm renewed its lease for 4,268 square feet at Castle Creek II, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, LUBS 2007-C2 Castle Creek Parkway LLC, was represented by Matt Langfeldt of Summit Realty Group.
-PR Capital Management LLC leased 4,111 square feet at 9100 Keystone Crossing. The tenant was represented by Jon Hardy of Coldwell Banker Commercial Real Estate. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Academy Allergy Asthma & Sinus subleased 3,737 square feet of office space in Riverview Medical Arts Building, 1450 Prairie Lakes Blvd., Noblesville. The tenant was represented by Richard R. King III of Lee & Associates. The sublessor, Indiana Oral & Maxillofacial Surgery Associates, was represented by Thomas Cortese of Acorn Group.
-Eckstein Holdings LLC, dba The Box Shoppe, leased 3,541 square feet of industrial space at 9715 Kincaid Drive, Fishers. The tenant was represented by Kelly Williams and Ray Simons of Cassidy Turley. The landlord, Meritex, was represented by Brian Buschuk 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 BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-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 BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Chicago Title leased 1,600 square feet of retail space at Eden Gate Shoppes I, 9166 E. U.S. Highway 36, Avon. The tenant was represented by Jean Bottiani-Thompson of Orion Real Estate. The landlord, Lauth Group, was represented by Greg Smith of Colliers International.
-Vu Tran leased 1,415 square feet of retail space in Raceway Commons, 55 S. Raceway Road. The landlord, Raceway Commons Baceline LLC, was represented by Robyn Smart and Scot Courtney of Lee & Associates. The tenant represented itself.