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Democratic leader wants summer gas tax suspension

April 26, 2011

State Rep. Patrick Bauer of South Bend wants the state to suspend taxes on gasoline during the summer in a move he says would save consumers about 40 cents per gallon.

Ivy Tech says it’ll save $18M with IU computer pact

April 26, 2011

Indiana University agrees to let Ivy Tech store computer records on its system, an agreement that help Ivy Tech avoid building its own data center.

Police investigate officers’ actions

April 26, 2011

Investigators are looking into police behavior during a Saturday arrest caught on video by a resident of Tuscan Pointe apartments off Southport Road. In the video, which is available on Fox59.com, officers are dragging a handcuffed man down a flight of stairs. Police arrested 19-year-old Max Harper after he allegedly injured two paramedics and tried to punch a police officer. A neighbor said Harper appeared to be intoxicated and unable to stand, walk or talk.

Drainage problems close lanes on I-465

April 26, 2011

Emergency drainage repairs are scheduled for Tuesday on Interstate 465 on the west side. High water from heavy rain has closed the innermost northbound lane of the highway just south of the I-74/Crawfordsville Road interchange. The adjacent southbound lane also will be closed until 3 p.m. while crews install a new drain pipe and replace the median barrier wall.

Armed robber hits Castleton area

April 26, 2011

Indianapolis Metropolitan Police are investigating a string of armed robberies reported in the Castleton area. Officers say the suspect, a tall white man who may be balding, approaches his victims and demands money at gunpoint. At least two robberies have been confirmed, including one just after 1 a.m. Tuesday at the Thornton’s gas station at 82nd Street and Dean Road. Witnesses said the suspect may have been driving a red car with a temporary license plate.

Colts training complex open to players

April 26, 2011

NFL said players will be treated with courtesy, but will not be allowed to use weight rooms or other practice facilities. Contract negotiations between Colts and Peyton Manning still on hold.

David Marsh fears criminal charges from IRS probe

April 26, 2011

Attorneys for David Marsh say information the executive has received from the IRS suggest he might face both criminal and civil charging stemming from expenses he submitted for reimbursement while serving as president of Marsh Supermarkets Inc.

Cummins’ profit more than doubles in first quarter

April 26, 2011

The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.

Lilly teams with Medtronic on Parkinson’s treatment

April 26, 2011

Eli Lilly and Co. plans to use an implantable drug-delivery system made by Medtronic Inc. to precisely target patients' brains with an experimental drug for Parkinson’s disease.

Pentagon pulls plug on Rolls-Royce engine project

April 26, 2011

Congress and the General Electric/Rolls-Royce group that was developing the engine were notified of the termination decision Monday. Rolls-Royce had about 130 people, mostly engineers, working on the F-35 project in Plainfield and Indianapolis.

Estridge becomes division of national home builder

April 26, 2011

The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.

Profit, revenue up at Interactive Intelligence

April 26, 2011

The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.

ExactTarget attracts another $30M in venture capital

April 26, 2011

The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.

Leases/leasing contracts

April 26, 2011

-Hobby Lobby leased 55,668 square feet at Southtown Center, 4380 S. Scatterfield Road, Anderson. The tenant was represented by David Leathers of DL Johnson Co. and Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.

-Dollar General leased 10,031 square feet at Dori Plaza, 8323 E. Washington St. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, Sandor Development, was represented by Jamison Downs of Sandor.

-Oak Security Group LLC leased 7,945 square feet of industrial space in the Northeast Business Center, 8904 Bash St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Westminster Northeast LLC, was represented by Bryan Miller of Cassidy Turley.

-John Hancock Life Insurance Co. leased 6,135 square feet of office space at 8425 Woodfield Crossing Blvd. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.  

-USA Party Supplies Inc. leased 6,000 square feet at College Park Plaza, 3479 W. 86th St. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-TQL Inc. leased 4,621 square feet at 9000 Keystone Crossing. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Civil & Environmental Consultants Inc. leased 2,750 square feet at The Maxwell, 530 E. Ohio St. The landlord, Milhaus Development, was represented by Tadd Miller of Milhaus. The tenant represented itself.

-G-Spa Tanning Salon leased 2,170 square feet at Ashley Crossing, 733 Loews Blvd., Suite C, Greenwood. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Handbag Trading leased 1,768 square feet at College Park Plaza, 8403 Michigan Road, Suite D. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.

-G-Spa Tanning Salon leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite O. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Pole Up LLC leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite F2. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.

-Holland & Holland leased 1,255 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Indy Gold & Silvers LLC leased 1,254 square feet at College Park Plaza, 3325 W. 86th St., Suite L. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.

Construction

April 26, 2011

-Wilhelm Construction Co. has been hired by the University of Indianapolis to build South Hall, a residence hall that will house 200 students on the south side of Hanna Avenue in the heart of campus. Work will begin next month on the project, which is expected to be complete by August 2012.

-Alt Construction has completed a 3,600-square-foot retail build-out for Mattress Firm at 2625 E. 62nd St.

-Alt Construction has completed 1,567-square-foot office expansion for Indianapolis Neighborhood Housing Partnership at 2065 E. 62nd St.

People

April 26, 2011

Sherry Minkis has joined MacDuff Realty Group as a Realtor and sales associate.

Residential

April 26, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 5.3 percent for the week ended April 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.83 percent from 4.98 percent the previous week. The rate for 15-year mortgages decreased to 4.07 percent from 4.17 percent.

Sales/acquisitions

April 26, 2011

Stock Yards Bank bought the 2,990-square-foot former Cord Camera building at 6840 Lake Plaza Drive. The price wasn’t disclosed. The buyer was represented by Katie Sobotowski of Summit Realty Group.  The seller, CCC Realty, was represented by Keith Fried of Sitehawk Retail Real Estate.

Real estate-related bills still alive in Legislature

April 25, 2011

The bill with perhaps the best chance of emerging is the so-called dinosaur buildings bill, which would make it easier to win tax incentives for renovating obsolete industrial buildings.

Judge orders Indiana recount chief into court

April 25, 2011

A judge Monday ordered the head of the Indiana Recount Commission to appear before him this week to explain why the panel has not moved more quickly in considering whether Republican Secretary of State Charlie White was a valid candidate when he won election last fall.

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