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Lilly gives $1M toward Marian medical school

April 19, 2011

Marian University needs to raise $120 million for its medical school and nursing programs. So far, the Catholic institution has raised $81 million.

State’s unemployment rate drops to 8.5 percent

April 19, 2011

Indiana’s unemployment rate last month declined by 0.3 percentage points compared to February and is the lowest it’s been in more than two years.

Statehouse fight continues over bank-insurance fund

April 19, 2011

Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.

Steel Dynamics’ quarterly profit jumps 63 percent

April 19, 2011

Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.

IBM: Daniels’ email shows he had key role in deal

April 19, 2011

IBM wants to depose Daniels soon because it's concerned he will announce he's running for president and would be too busy on the campaign trail to give a deposition.

Indiana Senate backs pulling Planned Parenthood money

April 19, 2011

The Indiana Senate voted Monday to prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.

Leading Questions: Max Schumacher

Office stats don’t tell full story of market’s recovery

April 18, 2011

Cassidy Turley's research director said the pace of leasing activity is the best he’s seen in 18 to 24 months.

Lilly shareholders fail to remove anti-takeover measures

April 18, 2011

A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.

Construction

April 18, 2011

-Alt Construction has completed a 3,000-square-foot office build-out for American Equity Mortgage at 9000 Keystone Crossing, Suite 234.

-Alt Construction has completed a 6,940-square-foot office build-out for Health System International at 5975 Castle Creek Parkway, Suite 100.

-Alt Construction is doing a 15,700-square-foot office build-out for Creative Converting at 6602 E. 75th St.

-Alt Construction is doing a 6,565-square-foot office build-out for Micro Med at 8730 Commerce Park Place, Suite E.

-Alt Construction is doing a 2,000-square-foot office build-out for the Marion County Assessors Office at 951 E. 86th St., Suite 100.

-Alt Construction is doing a 1,928-square-foot retail build-out for Orange Leaf Yogurt at 2760 E. 146th St., Carmel.

People

April 18, 2011

–Dan Richardson has been promoted to co-leader of the investment properties team for the local office of CB Richard Ellis.

–Matt Gray and Terry Hughes have joined the investment properties team of CB Richard Ellis as associate brokers.

Residential

April 18, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 6.7 percent for the week ended April 8, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.98 percent from 4.93 the previous week. The rate for 15-year mortgages increased to 4.17 percent from 4.14 percent.

Leases/leasing contracts

April 18, 2011

-Roll Coater Inc. leased 26,505 square feet of office space at 8440 Woodfield Crossing Blvd. The tenant was represented by Dan Richardson and Nick Svarczkopf of CB Richard Ellis. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Hibachi Grill and Supreme Buffet leased 15,908 square feet at Honey Creek Plaza, 5390 W. 38th St. The tenant was represented by Mark Sturgis of ADM Commercial Properties. The landlord, Sandor Development, was represented by Jamison Downs of Sandor.

-Mediation Group leased 7,277 square feet at 8888 Keystone Crossing. The tenant was represented by Jim Fasone of Summit Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.    
   
-Jones Lang LaSalle leased 6,908 square feet at 8900 Keystone Crossing. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Indiana Lumbermens leased 5,676 square feet at 8888 Keystone Crossing. The tenant was represented by Denice Michel of Jones Lang LaSalle.  The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.       
 
-Asian Cuisine leased 2,913 square feet at Raceway Commons, 55 S. Raceway Road. The tenant was represented by Leo Tian of TLC Real Estate South. The property, which is in receivership, was represented by Lee Wilhite of CB Richard Ellis.

-Superior Discount Liquor leased 2,800 square feet at Greenwood Springs, 1279 Emerson Ave., Suites E and F, Greenwood. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Tullos Communications leased 1,600 square feet at Geist Crossing Shoppes, 9811 Fall Creek Road. The tenant was represented by Scott Messing of SM Equities LLC. The landlord, Glendale Partners, was represented by Paul Rogozinski of Veritas Realty.   

-Go Company USA leased 1,500 square feet at Fidelity Keystone Office Tower, 650 E. Carmel Drive, Carmel. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, Equicor Development at FK LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.

-Subway leased 1,465 square feet at 301 N. Illinois St. The landlord, REI Real Estate Services, was represented by Mike Napariu of REI. The tenant represented itself.

-Kumon Math and Reading Center leased 1,415 square feet at Fishers Crossing Shoppes, 11846 Allisonville Road, Fishers. The landlord, Glendale Partners at Fishers Crossing Inc., was represented by Paul Rogozinski of Veritas Realty.   The tenant represented itself.

-Cannoli Queen LLC leased 1,400 square feet at Greenwood Springs, 1279 Emerson Ave., Suite D, Greenwood. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate.
 
-Confectioneiress Cupcakes & Sweets Inc. leased 1,260 square feet at Zionsville Station, 80 Brendon Way, in Zionsville. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.

Sales/acquisitions

April 18, 2011

D&M LLC bought an 8,100-square-foot office building at 410 N. U.S. 31, Whiteland. The price wasn’t disclosed. The buyer and seller, First Financial Corp., were represented by Mike Kensill of Lee & Associates.

Analysts demand news on next Lilly blockbuster

April 18, 2011

Eli Lilly and Co. spends a lot of time these days telling the rest of the story—how well it’s doing in areas not connected to highly lucrative drugs about to see their patents expire. But for the most part, investors and analysts just want to know when the next blockbuster will be coming.

State court rejects Bren Simon’s appeal in estate battle

April 18, 2011

The Indiana Court of Appeals has dismissed Bren Simon’s petition seeking to reverse a lower court’s ruling that removed her as interim trustee of her late husband’s $2 billion estate.

Two injured in apartment fire

April 18, 2011

Two people were injured after trying to help others escape a fire that broke out on the near-northwest side of Indianapolis just after 8 p.m. Sunday. Eight units in the Abington apartment complex were destroyed.

Teen shot on west side

April 18, 2011

A 16-year-old male was shot in the lower back about 9 p.m. Saturday during a fight involving a large group of teens outside an Arby’s restaurant near the Georgetown Cinema and Lafayette Square Mall. Witnesses say one or two people may have been firing shots. The victim was taken to Methodist Hospital in good condition.

Woman shot to death; suspect on run

April 18, 2011

Indianapolis police are searching for a suspect in connection with the Monday morning shooting death of a 21-year-old woman at an apartment near West 79th Street and Harcourt Road. Police identified the suspect as 21-year-old Chris Woods, who is believed to have taken off on foot. He is still believed to be armed. At least two children were removed from the home following the shooting. Westlane Middle School and Greenbriar Elementary School have been put on lockdown while police continue their search.

New law bans firms from asking workers about their guns

April 18, 2011

Indiana employers won't be allowed to ask workers about guns and ammunition that they might have in their vehicles under a bill that Gov. Mitch Daniels has signed into law.

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