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The city’s 2012 budget totals $944 million and represents a 3-percent decrease from this year’s version. The new budget includes funding cuts of 6 percent for nearly every department, except public safety.
Drew Industries Inc. announced Tuesday that two of its subsidiaries would increase manufacturing in Goshen and Middlebury, potentially adding more than 300 workers in the coming months.
Kexue Huang faces up to 13 years in prison after pleading guilty Tuesday morning to sending trade secrets worth millions to China and Germany.
-Guitar Center/GTRC Services Inc. leased 31,140 square feet of office space at Intech 11, 6625 Network Way. The tenant was represented by Dan O’Neil, Denice Michel and Michael Corr of Jones Lang LaSalle. The landlord, Network Way Properties LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Comcast leased 23,785 square feet of office space at Lake Pointe Center 5, 8415 Allison Pointe Blvd. The tenant was represented by Jim Fasone and Tom Hadley of Summit Realty Group. The landlord, Edgeworth Laskey Properties LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-KAMAN Industrial Technologies leased 12,000 square feet at 6330 Corporate Park Drive. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Victory Way Associates LLC, represented itself.
-Anytime Fitness leased 5,500 square feet at 6020 Crawfordsville Road. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Centro Bradley SPE 5 LLC, represented itself.
-Crowe Horwath LLP leased 5,466 square feet of office space at 10 W. Market St. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Andrew Martin, Bennett Williams and Darrin Boyd of Cassidy Turley.
-North American Contractors Inc. leased 4,000 square feet at 6011 E. Hanna Ave., Suite C. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, C&S Development, was represented by Rudy Schwarz of Bob Cook Realty.
-Keyence Corp. of America leased 2,962 square feet of office space at 9225 Priority Way West Drive. The tenant was represented by Mike Nicholson of The Acclaim Group. The landlord, Pace-Keystone Associates LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Yogurtz leased 2,450 square feet at Hamilton Crossing Centre, 12201 N. Meridian St., Carmel. The tenant was represented by David Black of Cresa Partners. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Integration Partners Corp. leased 1,747 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, LIT Industrial Limited Partnership, was represented by Bryan Poynter and Fritz Kauffman of Cassidy Turley. The tenant represented itself.
-Marco’s Pizza leased 1,737 square feet at Bridgewater Marketplace, 14637 N. Gray Road, Carmel. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, KRG Bridgewater LLC, was represented by Blake Beaver of Kite Realty Group.
-Med-Link Inc./Consolidated Brokerage Services LLC leased 1,463 square feet of office space at 3077 E. 98th St. The tenant was represented by Andrew Martin of Cassidy Turley. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Edwin L. Gagnon and William F. Diehl leased 1,210 square feet of office space at 55 Monument Circle. The landlord, Winthrop Management LP, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenants represented themselves.
Kort Builders has finished a 3,151-square-foot build out for Massage Envy at 11680 Commercial Drive, Fishers.
The average rate for 30-year mortgages increased to 4.37 percent for the week ended Oct. 13, up from 4.21 percent the previous week, according to Bankrate.com. The rate for 15-year mortgages increased to 3.59 percent from 3.46 percent.
Skybus LLC, a supplier of spare aircraft parts, bought a 76,280-square-foot industrial building at 2036 Stout Field West Drive. The price wasn’t disclosed. The buyer was represented by Brian Seitz of Jones Lang LaSalle. The seller, Welsh Property Trust, was represented by Chip Barnes and Matt Dickerson of Jones Lang LaSalle.
Algaewheel Inc. subleased 4,251 square feet at 201 N. Illinois St. The sublessor, Star Underwriting Agencies LLC, was represented by Kathryn Sobotowski of Summit Realty. The broker's name was incorrect in last week's Real Estate Weekly.
A couple from suburban Houston bought the 187-room Ramada Inn in an online auction for $1.3 million and have rebranded it as ExtendASuites.
New Orleans on the Avenue replacing Zing. Greek’s Pizzeria taking King David space. Starbucks replacing stalwart cafe in Omni.
Ohio-based Crown Equipment Corp. said it will purchase and renovate the former Metaldyne building in New Castle as part of a $15 million expansion in Indiana. The plant has been idle since 2009.
Megan Ornellas will serve as interim director of the Hoosier Lottery until a replacement can be found for Kathryn Densborn, who resigned following a flap over her lavish spending on a new headquarters.
Sherry Keramidas, who earned her doctorate in neuroscience and physiological psychology from Purdue University, is executive director of the Maryland-based Regulatory Affairs Professionals Society, which is holding its annual conference Oct. 22-26 at the Indiana Convention Center.
Emergency crews were able to revive a dog rescued from a burning house in the 3900 block of Diamond Lane about 7:30 a.m. Monday morning. The Pike Township home was destroyed by the fire. The owners weren’t home, but a pit bull named Lucius was pulled from the rear of the house. The dog was resuscitated after receiving chest compressions and oxygen.
Three people were injured early Monday when a car they were traveling in crashed into a house south of East 38th Street and Emerson Avenue. When policed arrived about 3:30 a.m., they found an adult male lying on the ground outside the car and two women trapped inside. All three were taken to the hospital with non-life-threatening injuries. No one was inside the one-story brick home, which suffered extensive structural damage. Police believe the vehicle, a 2001 PT Cruiser, was traveling north on Emerson before it left the roadway for unknown reasons. They are investigating the cause of the accident.
Indianapolis police are investigating the homicide of a former Indianapolis Metropolitan High School basketball player who was shot to death Sunday night. Raymond Green, 19, was found lying in the middle of East 32nd Street, just west of Keystone Avenue, about 8:50 p.m. Green had been shot twice and was pronounced dead on the scene. Green was a senior guard for Metropolitan when it won the Class A state championship in March. He scored 13 points in the title game against Triton.
The Indiana Court of Appeals reversed a Marion Superior Court decision to dismiss a lawsuit by two uninsured patients who received care at IU Health North Hospital in Carmel.
Just as the IndyCar Series was gaining momentum, it suffered a terrible blow in Sunday’s tragic 15-car accident. Analysts are concerned with how IndyCar CEO Randy Bernard will steer the series forward.
Creation Cafe said Chicago online coupon company Groupon offered discounts it didn't agree to give. Groupon says it had a signed contract.
Dr. Nicholas M. Barbaro has been named chairman of the department of neurological surgery at the Indiana University School of Medicine and the first medical director of the new Indiana University Health Neurosciences Center of Excellence. Barbaro will join IU on Nov. 1 after departing the University of California-San Francisco medical school, where he oversees neurosurgery residents and is conducting a federally funded study of epilepsy. Barbaro will succeed Dr. Paul Nelson, who is retiring.
Tom Laux will step down in March as CEO of Indiana University Health Morgan Hospital in Martinsville. Laux has led the county-owned hospital since 1999 and engineered its merger with Indianapolis-based IU Health.
Dr. Bill VanNess will retire at the end of 2012 as CEO of Community Hospital Anderson. VanNess, an Anderson native and family physician, has led the hospital, which is affiliated with Indianapolis-based Community Health Network, since 1997.
Bryce Carmine, president of Eli Lilly and Co.’s bio-medicines division, and Frank Deane, president of Lilly’s global manufacturing operations, both will retire on Dec. 31. They have worked at the Indianapolis-based drugmaker for 36 and 33 years, respectively. Dave Ricks, president of Lilly’s U.S. subsidiary, will become chief of the bio-medicines unit. That division oversees sales in the United States, Europe and Japan of some of Lilly’s most lucrative drugs, including the antipsychotic Zyprexa, the antidepressant Cymbalta and the anti-impotence pill Cialis. Succeeding Deane will be Maria Crowe, now senior vice president for global drug product manufacturing. Lilly also announced that Alex Azar, its vice president of U.S. managed health care services, will replace Ricks as head of Lilly USA.
