Cheaney’s hiring is significant sign for IU
The hiring of former player Calbert Cheaney by Indiana University shows that relations are finally thawing between the school and Bob Knight or at least the backlash from Knight's firing is fading.
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Closing: Flower Factory, Frankey’s, McVan’s
Several notable departures including Flower Factory and Frankey’s lead off the latest retail real estate roundup.
Emmis selling three major radio stations
Emmis Communications Corp. has reached an agreement to sell three big-market radio stations to a partnership involving a private equity firm and a prominent media executive, the company disclosed Tuesday morning.
Tentative settlement reached in lawsuit over historic church
A provisional settlement in a federal lawsuit filed last September against the city by St. John United Church of Christ gives parties in the case six months to find a buyer for the nearly 100-year-old church.
EU approves Lilly’s weekly diabetes drug Bydureon
European Union regulators have approved the first once-per-week diabetes medication, the companies that developed the drug said Tuesday.
$100M ‘Bridges’ project in Carmel wins approval
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
Indiana’s oldest ethanol plant cutting 30 jobs
An ethanol plant in South Bend is laying off about 25 percent of its employees this summer and the company that owns the plants is up for sale.
Congressmen back Carbon Motors’ loan request
Most of Indiana's congressional delegation is supporting an Indiana company's request for a federal loan they say would help create perhaps 1,500 jobs building high-tech police vehicles in Connersville.
Planned Parenthood stops seeing Medicaid patients
Planned Parenthood of Indiana is no longer seeing Medicaid patients because a federal judge hasn't ruled yet on its attempt to block a new Indiana law cutting funding for certain abortion providers, officials said Monday.
Judge grills attorney for state over immigration law
A federal judge grilled an attorney for the state of Indiana on Monday about the state's new immigration law, questioning how police would enforce the law and saying one of its provisions conflicts with federal law.
Charitable giving picks up despite rocky economy
After pulling back from charitable giving for two years, Americans were slightly more generous in 2010—donating an estimated $290.9 billion, according to a national study released Monday.
High court bars massive sex bias case against Wal-Mart
The Supreme Court blocked the largest sex-discrimination lawsuit in U.S. history on Monday, siding with Wal-Mart and against up to 1.6 million female workers in a decision that also makes it harder to mount large-scale bias claims against the nation's other huge companies.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity increased 13 percent for the week ended June 10, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.51 percent from 4.54 percent the previous week. The rate for 15-year mortgages was unchanged at 3.67 percent.
Leases/leasing contracts
-PPG Aerospace renewed its lease for 35,346 square feet of industrial space in Corporate Center North II, 6022 Corporate Way. The tenant was represented by Stan Elser and Jim Karozos of Lee & Associates. The landlord, CalEast Industrial Investors, was represented by Bryan Poynter of Cassidy Turley.
-Harvest Bible Chapel of North Indianapolis leased 11,500 square feet of office space at 9675 E. 148th St., Noblesville. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Brittany Properties LLC, was represented by Brad Williams and John Demaree of Summit Realty Group.
-Dollar Tree leased 9,100 square feet at Stones Crossing Shopping Center, 2800 S. State Road 135, Greenwood. The tenant was represented by Dawn Lyon of Sitelink Commercial Realty. The landlord, TKC Properties LLC, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-Center for Diagnostic Imaging-CDI Radiology leased 7,149 square feet at Indiana American Office Park-Building 3, 521 E. County Line Road, Greenwood. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt of Summit Realty Group.
-Tesco leased 6,300 square feet at Park 100-Building 105, 5720-80 W. 71st St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Blue Real Estate, was represented by Alex Cantu and Jason Speckman of Summit Realty Group.
-Rheem Sales Company Inc. leased 5,494 square feet in Crosspoint One, 9855 Crosspoint Blvd., Fishers. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Kiddieville Daycare Ministries leased 5,100 square feet at 4444 W. 10th St. in Speedway Industrial Park. The landlord, Speedway Industrial Park LP, was represented by Bill Bryam of Cassidy Turley. The tenant represented itself.
-BP Canada Energy Marketing Corp. renewed its 3,566-square-foot lease at Meridian Parke North, 373 Meridian Parke Lane, Greenwood. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, AAAG LLC, was represented by Tim Norton and Jeff Merritt of Summit Realty Group.
-Advanced Physical Therapy leased 2,857 square feet of medical office space at 1642 S. Olive Branch Park Lane, Greenwood. The tenant was represented by John Crisp of Cassidy Turley. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-University Lending Group LLC leased 2,350 square feet of office space at 11988 Fishers Crossing, Fishers. The landlord, RB Partners, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Silver Creek Management LLC leased 1,500 square feet of medical office space in the Decatur Depot retail center at 5021 Kentucky Ave. The tenant was represented by Ryan Conrad of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.
-Apollo North America Inc. leased 1,203 square feet of office space in Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, Finsilver Friedman Management Corp., was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
Sales/acquisitions
-DP Holdings LLC bought a 214,414-square-foot building at 401 Enterprise Blvd., Lebanon. The price wasn’t disclosed. The seller, MI Windows and Doors Inc., was represented by Patrick B. Lindley of Cassidy Turley and Jay Archer of Duke Realty. The buyer represented itself.
-3202 South East Street LLC bought an 8,000-square-foot retail center at 3202 S. East St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Kin Properties, was represented by Stephen Daum of Summit Realty Group.
-Diversity Lawncare Inc. bought a 3,400-square-foot industrial building with a 24,800-square-foot lot at 4602 E. 16th St. The price wasn’t disclosed. The buyer was represented by Barrett Real Estate. The seller, Fifth Third Bank, was represented by Harvey Levin and Andrew Schrage of Coldwell Banker Commercial Realty Services.
Trinity Metals to add 50 jobs at new facility
Indianapolis-based Trinity Metals is expanding its local operations, purchasing a vacant facility southeast of downtown to house its headquarters and two recycling divisions.
Latest search for IU student unsuccessful
Bloomington police came up empty Sunday during a search of land near the Monroe-Morgan county line after receiving a tip in the case of missing Indiana University student Lauren Spierer. Investigators said they received a tip Sunday about a suspicious smell in wooded areas just south of Martinsville and north of Bloomington near State Road 37. Spierer, 20, disappeared the morning of June 3.
Police investigate shooting death
Indianapolis police are searching for the gunman behind an early-morning homicide on the west side. A man was shot about 12:30 a.m. Monday near 16th Street and Lafayette Road. He was taken to Wishard Hospital, where he died.
Storms snarl morning traffic
Storms dumped up to 3 inches of rain on central Indiana overnight, bringing the morning commute to a halt in several places Monday. Flooding caused the closure of Spring Mill Road south of 111th Street, as well as the Keystone Avenue ramp from westbound Interstate 465. The National Weather Service in Indianapolis has declared a flash-flood warning until 3 p.m. for several areas, including eastern Johnson County, southeastern Marion County, southwestern Hancock County and western Shelby County.
White blames transient time for voting allegations
Indiana Secretary of State Charlie White on Tuesday is expected to paint a picture of a man with a complicated personal life who was essentially without a home for nearly a year when he defends himself against voter fraud allegations.