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Schools big issue in primary elections
Public school referendums are in the spotlight during Tuesday’s central Indiana primary elections. Voters in Franklin Township, Perry Township and Avon will be asked to vote on a referendum asking for more property tax revenue to support local schools. Franklin Township’s superintendent said that, if the referendum fails, class sizes will increase, programs and services will be cut and jobs could be eliminated. Polls are open until 6 p.m.
Indy 500 security to be tightened
Those attending this year’s Indianapolis 500 should expect to see random vehicle checkpoints as part of a heightened security presence in the wake of Osama Bin Laden’s death. Marion County Public Safety Director Frank Straub said local, state, federal and Indianapolis Motor Speedway authorities are already talking about measures needed to assure that the crowd of about 250,000 people will be safe while enjoying the May 29 race. Among the measures: radiation detectors, license plate readers and the federal government's "See It and Say It" program, which will remind fans to report anything suspicious.
Verizon retirees coming to city to protest executive pay
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
‘Survivor’ star looking for investors for casino game
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game’s revenue will benefit his Indianapolis charity, Rupert’s Kids.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
Duke Energy quarterly profit rises almost 15 percent
Duke Energy Corp.'s first-quarter earnings rose almost 15 percent on strong results from its international operations and lower corporate costs.
UPDATE: Republic Airways loses $22M on fuel, maintenance
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
Donation to spur community service at UIndy
The gift will fund the endowed faculty position of Distinguished Professor of Service Learning, a person whose job will including helping to spur more students perform community service work.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 5.6 percent for the week ended April 22, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.80 percent from 4.83 percent the previous week. The rate for 15-year mortgages decreased to 4.03 from 4.07 percent.
CNO Financial’s first-quarter profits surge 59 percent
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
Construction
-Alt Construction has completed a 1,600-square-foot restaurant build-out for La Hacienda at 12237 N. Meridian St., Carmel.
-S&B Construction has been hired for an 11,500-square-foot renovation of Fresenius Medical Care at 1225 W. 86th St. The project is scheduled to be completed in August.
-TMG Construction Management Inc. has been hired to build a 3,081-square-foot New Balance Shoes store at 9893 N. Michigan Road, Carmel. The store is scheduled to be completed by May 31.
People
Lauren Kriner has joined Capitol Construction Services Inc. as director of business development.
Leases/leasing contracts
-National Expo Inc. leased 39,950 square feet at 2363 E. Perry Road in the Airwest Business Park. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-James Allen Insurance leased 8,216 square feet at 11611 N. Meridian St., Carmel. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller. The tenant represented itself.
-Clinical Architecture leased 5,405 square feet at 11611 N. Meridian St., Carmel. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller.
-Community Spirits leased 4,800 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Kuaba Art Gallery leased the entire second floor, or 3,500 square feet, at the King Cole Building, 1 N. Meridian St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, King Cole Investors, represented itself.
-RadioShack Corp. leased 3,110 square feet of office space at 8730 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Pearly White Smiles Family and Cosmetic Dentistry leased 3,083 square feet at Park Meridian at 96th and Meridian streets. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Landmark Properties Inc. represented itself.
-Commonwealth Brands leased 2,997 square feet at 8910 Purdue Road. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Zeller Realty Group, was represented by Mark Vollbrecht of Zeller.
-Transformations at Pilates Studio LLC leased 2,228 square feet of retail space at 3958 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, Clearwater Crossing LP, was represented by John Beuoy of Broadbent Co. Inc.
-Zogurts LLC leased 1,600 square feet of retail space in Fall Creek Harbour, 10134 Brooks School Road, Fishers. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Gordon N. Stowe & Associates Inc. leased 1,553 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
Sales/acquisitions
Canaan Real Estate LLC bought a 3,744-square-foot medical office building at 7750 S. Madison Ave. The purchase price was not disclosed. The seller, Smile LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The buyer represented itself.
FDA OKs new diabetes pill from Lilly, Boehringer
The Food and Drug Administration says it has approved a new diabetes pill from Boehringer Ingelheim and Eli Lilly for patients who can't control their blood sugar with older medicines.
Honda to cut production of new Civic, other models
Honda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake.
Watchdog: State agency heads colluded on gas deal
Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.
