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Bid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said
fund manager Bruce Berkowitz, who’s backing a rival plan.
The national unemployment rate for college graduates age 25 and older was 4.9 percent in March, up from 4.4 percent a year
ago, the U.S. Bureau of Labor Statistics reports.
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 9.5 percent for the week ended April 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.17 from 5.31 percent the previous week. The rate for 15-year mortgages decreased to 4.45 percent from 4.54 percent.
-S&B Construction has completed a 52,000-square-foot auditorium addition to Northview Church, 12900 Hazel Dell Parkway, Carmel. The architect was Champlin Architects.
-Kort Builders has completed a 20,000-square-foot office space for Banc Serv at 777 E. Main St., Westfield.
-Kort Builders has completed a 3,000-square-foot retail space for Urth Tones at 11680 Commercial Drive, Fishers.
-Welch & Wilson Properties LLC, a third-party logistics firm, leased 115,557 square feet at 315 W. New Road, Greenfield. The owner/landlord, California State Teachers' Retirement System, was represented by Mark Writt and Tom Cooler of CB Richard Ellis. The tenant represented itself.
-Phoenix Resource Management renewed its 35,200-square-foot lease at 923 Whitaker Road, Plainfield. The tenant was represented by Rick Suja of Summit Realty Group. The landlord, ProLogis, represented itself.
-Walgreens Co. terminated its lease for 12,455 square feet at 2710 W 16th St. The tenant was represented by Larry Davis and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Kin Properties, represented itself.
-Noblesville Hometown Sears leased 8,500 square feet at Clover Creek Commons, 17160 Dragonfly Drive, Noblesville. The tenant was represented by Pat Manifold of F.C. Tucker Co. Inc. The landlord, National Bank of Indianapolis, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
-BT Human Resources Consulting LLC leased 7,400 square feet of office space at Station Place, 200 S. Meridian St. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Station Place LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
-Findling Park Associates PC leased 4,092 square feet at M&I Plaza, 135 N. Pennsylvania St. The tenant was represented by Herb Feldmann and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co. The landlord, North Penn Associates, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Mattison Corp., an association management firm, leased 2,300 square feet of office space at Station Place, 200 S. Meridian St. The landlord, Station Place LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.
-Pulse Creative Partners Inc. leased 2,033 square feet of office space at 427 S. College Ave. The landlord, Deylen Realty Inc., was represented by Sandra Jarvis of IndySQUARED. The tenant represented itself.
-45 Minute Cleaners leased 1,600 square feet at 30th & Kessler Center, 2966 N. Kessler Blvd., West Drive. The landlord, DEWERCS LLC, and tenant were represented by Herb Feldmann and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co.
-Movie Tyme, a movie production company, leased 1,500 square feet in Sycamore Springs Office Park, 4735 Statesman Drive. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.
-Noblesville Martial Arts Studios leased 1,250 square feet at Harbourtown Center at Little Chicago Road and East 211th Street. The landlord, Harbourtown Center LLC, and the tenant were represented by Bill Ernst of Charter Commercial Realty Group.
Bauer Ventures LLC bought a 6,400-square-foot office building at 2555 Fairview Place, Greenwood. The price wasn’t disclosed. The buyer was represented by Casey Raker of ReMax Select. The seller, JMS Investments Inc., was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co.
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
Mayor Greg Ballard's office has an announcement scheduled for 10 a.m. Tuesday to reveal a "major sport's national governing body" that is moving to the city. IBJ reported in February that USA Football was seriously considering moving here.
The proposal to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly’s board received
approval from shareholders holding 74 percent of Lilly’s shares.
Eli Lilly and Co. will repurchase rights to develop and market antidepressant Cymbalta outside the U.S. and Japan from European
partner Boehringer Ingelheim for an initial payment of $400 million.
Marion County prosecutor Carl Brizzi has not hosted “Crime Watch” on WIBC in three weeks, due to a scheduled break. But station
officials want him
to address accusations on air if he is to continue the show.
Officials hope to reschedule flight to Italy for Tuesday to salvage the remainder of planned job attraction and creation trip.
Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about
a dangerous accelerator pedal defect. The automaker still denies the government's
allegation that it violated the law.
Lilly shareholders are set to gather Monday in Indianapolis to hear an update on the company’s performance, including
how it will keep paying its generous dividend during the lean years after Zyprexa’s patent expiration.
Investigators are looking for a man who tried to rob an adult bookstore in Muncie late Sunday night. The would-be robber entered
After Dark armed with a steak knife, but police believe he got nervous after seeing store surveillance cameras. He ran out
the door without any money or merchandise. The man is described as white or Hispanic, wearing a camouflage jacket with a T-shirt
over his face.
Residents of a northwest Indianapolis neighborhood say they're the target of a pair of serial burglars. The first burglary
happened last month in the Fieldstone subdivision near 62nd Street and Georgetown Road. Witnesses say two men come to
the door of a home, and if no one answers they break a window to get in. Police say the burglaries have been occurring in
broad daylight, between 10 a.m. and 2 p.m.
Indianapolis police are looking for information about a shooting that injured a man sitting in a car outside Mallard Cove
Apartments on North Shadeland Avenue just before 10 p.m. Sunday. The unidentified victim is expected to survive, according
to reports, but police don't have anyone in custody. Investigators have not released information on a motive. Fox59 will
have more at 4 p.m.
Californians seem to be more ready to embrace a unified open-wheel races series than the place that gave IndyCar racing its
name.
Powerful new lobbies are fighting over the future of the controversial industry. Who are they appealing to? You.
For years, ethanol fuel derived from corn was almost politically untouchable, thanks to powerful advocates on Capitol Hill.
The ethanol industry has consequently exploded over the last decade, thanks to government subsidies and incentives. But skepticism
about ethanol is rising, prompted by fluctuating food prices and an organized campaign by anti-ethanol advocates to discredit
the industry.
