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Police: Nephew sold missing woman’s jewelry

June 28, 2011

Investigators confirmed Monday that they found 74-year-old Dorothy Heard’s wedding ring at a Marion pawn shop where it was sold June 13, the day the Noblesville woman went missing. Police identified her nephew, Donald Burns, from a store videotape taken when he pawned the jewelry; he also showed identification during the transaction. Burns, 47, was arrested June 14 when he tried to evade officers who wanted to question him. But authorities have not identified him as a suspect.

New texting law will be hard to enforce

June 28, 2011

A new state law making it illegal for Indiana motorists to send or read text messages is expected to create enforcement challenges for the state’s police officers. The law taking effect Friday restricts officers from confiscating cell phones to prove whether the driver was actually texting. The law makes texting while driving a Class C infraction with a fine up to $500, but motorists are allowed to use hands-free or voice-operated technology.

West-side apartment fire injures seven

June 28, 2011

An apartment fire on Indianapolis’ west side injured seven people Monday night. Residents reported the blaze at Port-O-Call Apartments, near Rockville Road and Interstate 465, about 10 p.m. Police arrived to find a large fire in a ground-floor bedroom. Fire officials said they extinguished the fire quickly because they are familiar with the complex. The blaze heavily damaged one apartment and caused smoke damage to a second. One person was taken to the hospital for minor smoke inhalation.

I won’t miss Metromix…just what it could have been

June 28, 2011

Thought on the folding of the Indianapolis Star’s not-quite-alt weekly.

Republic soars as lower fuel costs prompt analyst upgrade

June 28, 2011

Shares of Republic Airways enjoyed a 22-percent rocket ride on Monday after a stock analyst gave the beleaguered company an upgrade and the price of jet fuel continued to moderate.

Rejected bidder cries foul over demolition of Keystone Towers

June 28, 2011

Titan Wrecking & Environmental bid about $255,000 less than the winning proposal to demolish Keystone Towers, but was rejected because of missing paperwork. The company owner says the city could have overlooked the omissions to save taxpayers money.

Stanley Black & Decker keys in on overseas security market

June 28, 2011

The Connecticut-based company on Monday agreed to buy Sweden’s Niscayah Group AB for $1.2 billion—its biggest deal since Stanley Works’ $4.4 billion purchase of Black & Decker Corp.

Community Health eyes expansion as it closes Westview merger

June 28, 2011

As part of its agreement to add Westview Hospital to its system, Community Health Network will assume $10 million in debt, spend $7.5 million on upgrades, and help open an outpatient center in Speedway, the two hospitals announced Tuesday morning.

UPDATE: Recount panel finds White eligible for office

June 28, 2011

The Indiana Recount Commission voted 3-0 Tuesday morning to allow Indiana Secretary of State Charlie White to remain in office, denying a challenge to his eligibility by the Democratic party. White still faces a criminal trial.

Logistics firm planning 415 jobs in Plainfield

June 28, 2011

Ozburn-Hessey Logistics plans to expand its distribution center in the Hendricks County town and create up to 415 new jobs by 2015. Based in Tennessee, OHL is one of the largest third-party logistics providers in the world.

Future uncertain for occupant of Marion factory

June 28, 2011

The TriEnda facility opened in late 2008 in part of Marion's closed 1 million-square-foot Thomson television picture tube plant.

Election panel chair’s law firm donated to White

June 28, 2011

The state elections panel that is weighing voter fraud allegations against Indiana Secretary of State Charlie White includes a Republican loosely linked to White through political contributions.

Residential

June 27, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5.9 percent for the week ended June 17, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.57 percent from 4.51 percent the previous week. The rate for 15-year mortgages increased to 3.70 percent from 3.67 percent.

People

June 27, 2011

The Indianapolis office of Messer Construction Co. has hired Adam W. Brandt as a project engineer and Dharaben V. Patel as a project management assistant.

Lilly plans more investment in two-in-one drugs

June 27, 2011

Indianapolis-based drugmaker Eli Lilly on Tuesday will announce a multimillion-dollar investment to develop drugs that act like two medicines in one. Lilly plans to add more scientists to back the effort.

Construction

June 27, 2011

Capitol Construction Services Inc. has completed an 11,150-square-foot build-out for Oak Street Funding at 11350 N. Meridian St., Carmel.

Leasing/leasing contracts

June 27, 2011

-Planet Fitness leased 15,763 square feet of retail space in Emerson Plaza, 5247 Thompson Road. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Horizon Sun/WB LLC, was represented by Jeff James of Lamar Cos.

-TIC International Corp. leased 15,391 square feet at 11590 N. Meridian St., Carmel.  The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC.  The tenant represented itself.

-Apria Healthcare Inc. leased 9,652 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Jim Bowers of Corporate Realty Associates. The landlord, CFS at North College LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Track Technology Systems Inc. leased 4,000 square feet at 6784 Hawthorn Park Drive. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Hawthorn Park LLC, represented itself.

-Advantage Fluid Systems LLC leased 2,700 square feet at 8170 Zionsville Road in Park 100. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, ProLogis, was represented by Jason Speckman of Summit Realty Group.

-Statewide Title Company Inc. leased 2,109 square feet of office space at 6525 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Restorative Specialty Group Inc. leased 2,100 square feet of office space at 9860 Westpoint Drive. The landlord, Crosspoint Partners VII LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Boogie Burger leased 1,986 square feet at 1904 Broad Ripple Ave. The tenant was represented by Catherine Esselman of Penn Real Estate Inc. The landlord, Marcus Burnell, was represented by Thomas Cortese III of Acorn Group Inc.

-Thien Phu Viatnamese Cuisine leased 1,458 square feet of retail space in the Fortune Plaza Shopping Center, 9655 U.S. Highway 36, Avon. The landlord, Fortune Plaza B LLC, was represented by Greg Smith of Colliers International.  The tenant represented itself.

-Silver Moon Salon leased 1,400 square feet at Greenwood Springs, 1279 Emerson Avenue, Suite A-2, Greenwood. The tenant was represented by Shannon Hicks of CB Richard Ellis. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate.
 
-Indianapolis TV Sales leased 1,366 square feet of retail space in the Eagle Creek Shopping Center, 3804 N. High School Road. The landlord, Eagle Creek Shopping Center LLC, was represented by Greg Smith and Kevin Piper of Colliers International. The tenant represented itself.

Sales/acquisitions

June 27, 2011

-Trinity Metals bought a 120,000-square-foot manufacturing facility at 6400 English Ave. The price wasn’t disclosed. The buyer was represented by Tadd Miller of Milhaus Realty. The seller, Covington Capital Corp., was represented by Mark Writt of CB Richard Ellis.

-Rapchak Holdings bought the 386-unit Harrison Point apartments at 42nd Street and Post Road. The price wasn’t disclosed. The buyer was represented by Tikijian Associations. The seller, Paladin Asset Preservation, was represented by ARA Midwest.

Owner of several properties south of Mass Ave starts to divest

June 27, 2011

The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.

INSIDE DISH: King David Dogs nabs bigger digs

June 27, 2011

Dish_KingDavid_WatchVideoThinking his emporium for all-beef franks has maxed out its sales potential, Brent Joseph cut a deal to relocate to an epicenter for downtown office complexes and triple seating.

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