Old National reports higher profit, revenue
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
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Fashion Mall landlord suing tenant over unpaid rent
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women’s clothing retailer owes it $64,000 in unpaid rent.
Ivy Tech revs up for new automotive program
An Indiana college is revving up an intense new automotive program designed to increase graduation rates and help students earn technical certificates in less time.
Legal drama over Duke Energy merger lingers
The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.
Employee benefits firm plans Indianapolis expansion
Apex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
Budget questions could easily eat at $2.2B reserve
With $2.2 billion in the bank, improving tax collections and extra tax refunds on their way to Hoosiers, it would be easy to assume Indiana’s leaders could coast for a while.
Rebounding RV industry sees smoother roads ahead
The recreational industry whose collapse during the recession made northern Indiana the poster child for the ailing economy is expecting solid growth in the next 18 months as the industry continues its rebound.
Rising use of part-time faculty sparks worries
Some advocacy groups argue that an overreliance on part-time faculty can weaken the academic experience for students on campus.
2 quit Duke Energy board, say new CEO needed
Two riled directors of America’s largest electric company resigned Friday, complaining they were blindsided by a surprise CEO switch that has put pressure on Duke Energy Corp.’s credit rating and stock price.
Star putting downtown headquarters on market
The Indianapolis Star plans to sell its headquarters building at 307 N. Pennsylvania St. and seek modern office space elsewhere downtown, the newspaper said Friday afternoon.
McKesson to pay $151M to settle drug-pricing suit
Twenty-nine states, including Indiana, have reached a $151 million settlement in a lawsuit alleging one of the country's largest drug wholesalers inflated prices for hundreds of prescription drugs, officials said Friday.
SMAGALA: Drought lessons from Phoenix
As I drove to the airport recently, I couldn’t help but notice all the sprinklers watering lawns in front of houses, businesses and sports fields.
Former IU player Reed dies at 37
Former Indiana University basketball player Neil Reed, famously known for being the player that Coach Bob Knight choked in a 1997 team practice, died on Thursday. Reed, 37, passed away in his house in Nipomo, Calif. of cardiac arrest. He played three seasons at IU, averaging 9.8 points before transferring to Southern Mississippi. A video of Knight manhandling Reed led to disciplinary action against the coach, who was fired later that year after another incident. Reed was a high school physical education teacher and girls golf coach.
Bystander killed in police shootout
An innocent bystander was killed Thursday night in Pendleton when a gunman opened fire on police officers responding to a reported domestic disturbance. Police identified the victim as John Neal Shull Jr., 48, who owned N.S. Painting Co. Shull was in a truck when he was hit by gunfire exchanged by 59-year-old Jim Kenneth Bailey of New Castle and police officers. Two police officers suffered non-life-threatening bullet wounds and a police dog was killed in the incident, which took place about 11 p.m. Bailey was found dead about six hours later of an apparent self-inflicted gunshot.
U.S. economic growth slowed to 1.5 percent in 2nd quarter
The 1.5-percent growth rate in the second quarter was the weakest since the economy expanded at a 1.3-percent rate in the July-September quarter last year. The U.S. economy has never been so sluggish this long into a recovery.
Speedway mulls installing lights for NASCAR race
Indianapolis Motor Speedway and NASCAR officials remain committed to the long-term future of the Sprint Cup race at the Brickyard, predict double-digit percentage attendance gains this year.
Sallie Mae plans to add 200 jobs in Muncie
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie. When finished next summer, the 75,000-square-foot facility will house 900 employees.
Leasing/leasing contracts
-Verizon Wireless renewed it lease for 36,311 square feet in Parkwood One, 250 E. 96th St. The tenant was represented by Zane Brown of CBRE. The landlord, Duke Realty, was represented by Adam Seger of Duke Realty.
-Echo Engineering and Production renewed its lease for 29,200 square feet at Park 100, Building 76, 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.
-Cross Point Solutions leased 26,145 square feet in Park 100, Building 67, 5457-5511 W. 79th St. The tenant was represented by Jack Pence of Cassidy Turley. The landlord, Duke Realty, was represented by Mark Hosfeld of Duke Realty.
-Mercer Belanger PC leased 10,552 square feet of office space at One Indiana Square, Ohio and Pennsylvania streets. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates. The landlord, One Indiana Square Associates, was represented by Ralph Barber of Newmark Knight Frank Halakar.
-Column Capital Wealth Management leased 5,859 square feet of office space at One River Crossing, 3815 River Crossing Parkway. The tenant was represented by Samuel F. Smith II and Kevin Dick of Colliers International. The landlord, FSP River Crossing LLC, was represented by John Vandenbark of CBRE.
-DBC Imaging Inc. dba Speedpro Imaging leased 4,975 square feet in Park 100, Georgetown Building 3, 7920 Georgetown Road. The tenant was represented by Larry Shuman of Shuman Realty. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.
-Little Caesar’s leased 2,100 square feet of retail space at 4851 N. College Ave. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Tammy Inc., was represented by Tom Hovanec of Hovanec Properties.
-Boost Mobile leased 2,040 square feet of retail space at 5252 Crawfordsville Road. The tenant and landlord, LOR Corp., represented themselves.
-Mr. Dan’s Restaurant leased 1,800 square feet of retail space in Lynhurst Shoppes Shopping Center, 5309 W. 10th St. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.
-Caribbean Tanz leased 1,600 square feet of retail space in Camby Station Shopping Center, 7105 Kentucky Ave., Suite 110. The tenant and landlord, LOR Corp., represented themselves.
-Chicago Hot Dog Co. leased 1,600 square feet of retail space in Michigan Road Shops, 8320 N. Michigan Road. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Arciterra Michigan Road Indianapolis LLC, was represented by Jeremy Hamilton of Arciterra.
-Boost Mobile leased 1,300 square feet of retail space in Port ‘O Call Plaza, 9 Beachway Drive. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, BAS Associates LLC, was represented by Danny Maish of Borns Management Corp.
-BHC Marketing leased 1,200 square feet of office space at 11083 Village Square Lane, Fishers. The tenant was represented by Rob Christman and Kara Riggle of Colliers International. The landlord, Offices of VS Fishers LLC, was represented by Keith Dedrick of Corporate Commercial Group.
-Meat Masters Inc. leased 1,200 square feet of retail space in Greenfield Station Shopping Center, 1913 Melody Lane, Greenfield. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
Sales/acquisitions
-Anderson-based Renewing Management bought Harmony Hills apartments, 46 units in 23 duplex-style buildings in Bargersville. The property was listed at $1.9 million. The sale price wasn’t disclosed. The buyer and seller, Nevada-based TRI YF Partnership, were represented by Tikijian Associates.
-LY Indy Investment Group bought Woodview Terrace Apartments, a 57-unit apartment complex at 9122 E. 10th St. The property was listed for $1.15 million. The sale price wasn’t disclosed. The buyer and seller, Richard Noel, were represented by Tikijian Associates.
-KJS LLC bought a 14,490-square-foot Walgreen’s drugstore at 20 W. Main St., Brownsburg. The seller, BTB Property Holdings LLC, was represented by Janice Paine of Colliers International. The buyer represented itself.