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Sales/acquisitions

September 2, 2011

-Speedway LLC bought the site of a former Shell station at 6201 N. Keystone Ave. The price for the 59,242-square-foot site wasn’t disclosed. The buyer was represented by Joe Tarpey of Colliers International. The seller, Trustee John White, was represented by Ralph Balber of Newmark Knight Frank Halakar.

-Asher Mattan Real Estate Holdings II bought 1,400 square feet of office space at Promise Road Business Park, 12574 Promise Creek Lane, Unit 134, Fishers. The price wasn’t disclosed. The seller, Promise Road Business Park LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.

-BGM Central Indiana bought 2,100 square feet of office space at Promise Road Business Park, 12574 Promise Creek Lane, Unit 126, Fishers. The price wasn’t disclosed. The buyer was represented by Jason Childress of BGM Realty Inc. The seller, Promise Road Business Park LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

Stocks plunge after U.S. hiring dries up

September 2, 2011

Stocks plunged Friday after a dismal report on the job market renewed fears of another recession.

Unemployment still 9.1 percent after weak jobs report

September 2, 2011

Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.

Man found fatally shot inside car

September 2, 2011

A man found dead early Friday morning inside a car on the southeast side of Indianapolis apparently had been shot, according to Indianapolis police. Officers were called to the scene just before 1 a.m. Upon arrival, they found Samuel McDaniel, 55, inside a silver Cadillac CTS behind a home in the 3500 block of Van Buren Street. McDaniel was pronounced dead at the scene.

Driver flees after wheelchair collision

September 2, 2011

Indianapolis police are investigating a hit-and-run accident Friday morning in which a vehicle struck a woman in a wheelchair. Officers were dispatched to East Michigan Street and North Meridian Street at about 7 a.m. Police say the suspect’s vehicle continued to drive south on North Meridian Street and turned west on Vermont Street. Donna Grayson, 51, was taken to Wishard Hospital in good condition.

Toyota finds big return in Indy’s drag racing scene

September 2, 2011

Japanese automaker would appear to be an odd entrant in an NHRA race. There's more to it than just trying to beat the Americans at their own game.

Hat World suing three former execs for contract breaches

September 2, 2011

The federal suit seeks monetary damages and a permanent injunction prohibiting the men from soliciting customers and employees, and from disclosing trade secrets.

Struggling Emmis faces NASDAQ delisting again

September 2, 2011

The day before closing on a $120 million sale of three radio stations, Emmis was warned about non-compliance with NASDAQ’s minimum-price rule for the third time in two years.

Who’s Who in Health Care and Benefits

September 2, 2011 | IBJ Staff

Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. This month, IBJ zeroes in on Health Care and Benefits.

FDA deal with drugmakers raises user fees 6 percent

September 2, 2011

Drugmakers including Eli Lilly an Co. have agreed with regulators on a 6-percent increase in review fees as part of reauthorizing the drug-approval process through fiscal 2017.

Purdue economist: Indiana will see record farm income

September 2, 2011

A Purdue University agricultural economist says Indiana's 2011 farm income could approach $4 billion, eclipsing the state's previous farm income record of $3.2 billion set in 2008.

Clutch hitters: Milicent Wright

Clutch hitters: Claire Wilcher

Clutch hitters: Jeff Stockberger

Clutch hitters: Constance Macy

Clutch hitters: Diane Kondrat

Clutch hitters: Paul Hansen

Clutch hitters: Scot Greenwell

Early buyer of Web domains venturing into software

September 1, 2011

Chad Folkening’s latest venture, domain-management software called Domain Power, turns blank sites into a miniature business in a few minutes.

Butler center aims to make urban farming viable

September 1, 2011

Tim Carter, director of Butler University’s Center for Urban Ecology, is intent on making CUE a national leader in urban ecology by making the center’s research valuable on a broad scale.

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