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Sales/acquisitions

-Fastenal Co. bought an 18,800-square-foot industrial building at 930 W. 16th St. The price wasn’t disclosed. The buyer was represented by Kyle Powell and Don Triebec of Cassidy Turley. The seller, O’Brien Keystone Realty, was represented by Brad King and Tim O’Brien of Colliers International.

-Idiz Inc. bought a 1,728-square-foot office building at 6531 Ferguson St. The price wasn’t disclosed. The buyer was represented by Joe Shoemaker of MacDuff Realty Group. The sellers, Christine and Edward Hazel, were represented by Matthew Broderick of Acorn Group Inc.

Fraud suspect Durham released from halfway house

Fraud suspect Tim Durham was released from a halfway house on Monday, after a more thorough accounting of his finances was presented to a federal magistrate. Durham had been at the Indianapolis facility since Wednesday.

Herff Jones sells photography division

Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.

Woman dies in Madison County crash

A violent head-on collision in Madison County sent three people to area hospitals, including Barbara Sauri, 52, of Alexandria, who died from her injuries. The accident occurred about 7:30 p.m. Sunday on State Road 28 near Elwood. Police say a car driven by a 19-year-old male crossed the center line and slammed into a minivan. A dog was also killed in the crash.

 

Grocery prices surge in Indiana

Shoppers feeling pinched at the pump say their budgets are also taking a hit inside the grocery store. According to farming advocate Indiana Farm Bureau Inc., grocery prices are up about 4 percent from the last quarter of 2010. The bureau selects shoppers around the state to buy the same 16 items every quarter and report the prices. This quarter, 13 of the 16 items on the list increased in price. Deli sliced ham, shredded cheese, orange juice and ground beef topped the list of items that have gotten more costly.
 

I-70 accidents claim 2 lives

Two people lost their lives Monday morning in separate traffic accidents on Interstate 70 in Indianapolis. Indiana State Police shut down all eastbound lanes of the interstate about 3:15 a.m. after a car crashed into the median wall near the Keystone/Rural exit, killing a 34-year-old local woman. All lanes were reopened by 5 a.m. Another person was killed and at least four people injured about 9 a.m. on the west side of the city in a seven-car accident in the westbound lanes of I-70 near I-465.

 

Parties near deal for hospital tax

Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.

Indiana lawmakers to consider big education proposals

A House committee is expected to consider Daniels' proposal for teacher merit pay on Monday, and a Senate committee could vote on the Republican governor's controversial plan for private school vouchers on Wednesday.

Retail REIT profits may slip on store bankruptcies

Retailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.

Portrait Homes parent files for bankruptcy

Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.

Arcadia in danger of stock exchange delisting

The Indianapolis-based health care company’s stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.

Mayor’s charter schools director to leave

Karega Rausch will become the Indianapolis director of Stand for Children, an Oregon-based not-for-profit that pushes education reform through grass-roots organizing and legislative lobbying.