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Doc groups play up economic impact

Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.

House committee nixes changes to Indiana scholarships

A proposal to tighten requirements for Indiana's popular 21st Century Scholars program for low-income students is in limbo after a legislative committee removed it from a package of revisions to college financial aid programs.

Butler delays coming-home party

Due to flight delays in Houston, Butler University has postponed a welcome-home celebration for the men’s basketball team that was planned for Tuesday at 4 p.m. at Hinkle Fieldhouse. According to a university spokesperson, the event will be rescheduled for a future date. The Bulldogs lost to the University of Connecticut in the NCAA championship game Monday night.

SWAT breaks up domestic fight

A SWAT unit broke up a domestic disturbance Tuesday morning at a home on the near-northwest side of Indianapolis near 37th Street and Graceland Avenue. Police got the initial call of domestic violence between a boyfriend and girlfriend about 6:30 a.m. They called in SWAT after 29-year-old Michael Curry barricaded himself and his girlfriend in the house, using a couch to block the door. Curry eventually surrendered and was arrested for criminal confinement, domestic battery and resisting law enforcement. He will be extradited to Utah, where he faces several traffic charges. Police also arrested 59-year-old Nathaniel Eaton at the scene for interfering with law enforcement.

High-rise fire clogs downtown streets

A fire at the 15-story Disciples Center building in downtown Indianapolis forced the closure of portions of Washington, Delaware and Pennsylvania streets  Tuesday morning, clogging traffic for blocks around during rush hour. More than 70 firefighters fought the two-alarm blaze, which started when insulation being used in a renovation caught fire. Flames were reported on several floors of the building in the 100 block of East Washington. No one was reported injured.

Final Four crowds show women still catching up

Despite having an in-state basketball team in the women’s NCAA Final Four and only 18,500 seats to fill, attendance at Conseco Fieldhouse was sparse Sunday for the semifinal round, with a total of 16,421 attending the two-game session.

UIndy to add dorm for upperclassmen

With enrollment surging in recent years, the University of Indianapolis finds itself needing new dorm space. The private college will build a $10 million, 200-student residence hall on the south edge of its campus.

Bioanalytical researcher seeking abatement for new lab

Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company’s application.

Indiana Senate panel sets vote on smoking ban

The Senate Public Policy Committee is expected to vote on the bill Wednesday. Amendments won't be allowed to the bill that currently includes exemptions for casinos, bars, fraternal clubs, smoke shops and nursing homes.

IPS says it will lay off more than 300 employees

Indianapolis Public Schools notified employees last week during spring break that they will begin cutting 271 teaching positions and 37 non-teaching positions to trim its $20 million budget deficit.

Bulldogs fall in title game, but leave big impression

Butler University lost 53-41 to the University of Connecticut on Monday night in the NCAA men's basketball title game. But now, thanks to two straight runs to the final, every mid-major thinks they've got a shot. And a blueprint for how to do it.

Construction

Holladay Construction Group has started construction of a 12,000-square-foot flex industrial/office building for Brechbuhler Scales at Decatur Boulevard and Narita Road in the AmeriPlex-Indianapolis Corporate Park. The project is scheduled to be completed in September.

People

–Eric Covington has joined Bridge Real Estate Advisors Inc., Carmel, as a senior adviser of the company’s residential group.

–Leah Severson has joined Bridge Real Estate Advisors Inc., Carmel, as an adviser of the company’s residential group.

Residential

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 7.5 percent for the week ended March 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.92 percent from 4.8 percent the previous week. The rate for 15-year mortgages increased to 4.16 percent from 4.02 percent.

Leases/leasing contracts

-Superior Truck Service leased 28,000 square feet of industrial space at 5701 Elmwood Ave. The tenant was represented by Keith Dedrick of Corporate Commercial Group.  The owner of the building, Mike Hoffman, represented himself.

-Thrifty Threads renewed its lease for 14,000 square feet at Northbrook Shopping Center, 1501 W. 86th St. The landlord, Township 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate.  The tenant represented itself.

-Flapjacks Restaurant leased 4,350 square feet at Chapel Hill Shopping Center, 7435 W.10th St. The landlord, Glendale Partners at Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.

-Re/Max Metro leased 2,800 square feet at 971 N. Delaware St. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Jora Enterprises Inc., was represented by Matthew Broderick of Acorn Group Inc.

-Sweet Repeat Consignment leased 2,500 square feet at West Carmel Shoppes, 4335 W. 106th St., Carmel. The landlord, Lawndale Plaza LLC, was represented by Paul Rogozinski of Veritas Realty.  The tenant represented itself.

-Bluegreen Vacations Unlimited Inc. leased 2,330 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
 
-Best Providers Inc. leased 2,000 square feet of office space at 8727 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Fish to Go leased 2,000 square feet of retail space in 30th & Kessler Center at 2958-2960 Kessler Blvd. The tenant and landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Dr. Moazamm Habib leased 1,928 square feet at 9240 N. Meridian St. The tenant was represented by Robert Marr of Veritas Realty. The landlord, 9240 N. Meridian LLC, was represented by Matthew Broderick and Mary Anne Tobin of Acorn Group Inc.

-Wuertz Law Office LLC leased 1,572 square feet of office space at 10 W. Market St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
 
-The American Council of Engineering Companies of Indiana Inc. leased 1,269 square feet at 55 Monument Circle. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, Winthrop Management, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.

-Lionheart Tax & Accounting LLC leased 335 square feet of retail space in Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Sales/acquisitions

-New York-based investor White Eagle Property Group bought the 328-unit Fisherman’s Village Apartments at 2975 Coast Drive. The price wasn’t disclosed. The buyer and seller, Denver-based Apartment Investment & Management Co., were represented by Tikijian Associates.

-ADM Milling Co. bought 3.68 acres of industrial land at 1100 Bethel Avenue in Beech Grove. The price wasn’t disclosed. The buyer and seller, Charles Wakelam, were represented by Rick Jones of Lee & Associates.