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Diamond Investment Group I LLC purchased Two West Condominiums from Fifth Third Bank. The price wasn’t disclosed. The property consists of 36 residential condominiums on three floors. Jim Shook, Jon Hardy and Andrew Schrage of Coldwell Banker Commercial Realty Services represented both the buyer and the seller.
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
The Indiana Pacers and Indiana Fever contribute an estimated $55 million a year to the Indianapolis economy, according to
a study conducted by Chicago-based hospitality consulting firm Hunden Strategic Partners.
The health law passed by Congress in March will force insurers like WellPoint to give rebates to customers next year if the
companies don’t meet the medical-spending minimums.
A maintenance worker at Carmel High School who was severely burned last week when his riding lawnmower caught fire has died.
Wishard Hospital officials say Rick Schoolcraft succumbed to his injuries Saturday afternoon. Several students aided Schoolcraft
and put out the flames. Counselors are at the high school to console both students and staff.
Two men were gunned down Sunday morning on the west side of Indianapolis. Serafin Sanchez, 22, was arrested after police
say he opened fire with an assault-style rifle, killing Florindo Bail and Luis Aquilar Junior near Holmes and Washington streets.
A toddler and his parents in the same building barely escaped the bullets. Police have not released a motive for the shootings.
A seven-hour SWAT standoff at the Westminster Apartments in Greenwood ended Monday morning after Bradley Hines fatally shot
himself in the head, authorities say. Hines barricaded himself inside his apartment about 10 p.m. Sunday after police responded
to a domestic violence call. Neighbors say Hines had been drinking all day, beat his girlfriend, then fired at least one gun
shot. SWAT members were called in for negotiations. Fox59 will have more at 4 p.m.
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
A philanthropy expert thinks donors could unwittingly undermine their dollars and time by insisting on too much documentation.
NBA team owners are seeking to reduce player pay by as much as 40 percent. What happens to that proposal has as much to do
with the Pacers' survival as anything the Capital Improvement Board decides concerning Conseco Fieldhouse.
The report from a Chicago consulting firm will detail how much the Indiana Pacers contribute to the local economy, as the
Capital Improvement Board negotiates with team officials over paying $15 million in annual Conseco Fieldhouse operating costs.
The Dow Jones industrial average increased more than 400 points in early-Monday trading. Locally, Kite Realty and Conseco shares saw big jumps.
CEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president’s criticism that WellPoint seeks
out breast cancer patients to cancel their policies.
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
The Phoenix Theatre’s John Prine tribute highlighted a busy Indy weekend.
Robert Nelms will spend at least a month in jail until the sale of Memory Gardens Management Corp. is complete. He is awaiting
sentencing in Michigan and faces up to three years in prison.
Widow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical
log and unlawfully
turned it over to attorneys representing one of Simon's children from a previous marriage.
The jury in South Bend ruled in favor of the Porter County couple and against mall owner Simon Property Management and its
maintenance company, Varsity Contractors.
