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Integra Bank’s auditor says situation may be dire

February 1, 2011

Monday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial institution to fail since the financial crisis began in 2008.

Indiana House, Senate cancel work due to ice storm

February 1, 2011

The Indiana House and Senate have cancelled plans to work Tuesday because of the ice storm that's sweeping across central Indiana.

Republic shifts eight Frontier planes to Delta

February 1, 2011

Republic Airways Holdings Inc. said on Monday that it will shift eight regional jets from flying for its Frontier Airlines unit to fly them under contract for Delta Air Lines Inc. instead.

Rolls-Royce wins a pair of military contracts

February 1, 2011

Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.

State braces for second wave of ice, snow

February 1, 2011

Indiana residents are facing an icy trek to work as the second wave of a winter storm that brought freezing rain, snow and sleet overnight approaches the state.

House passes measure fixing unemployment fund

February 1, 2011

The Indiana House approved a bill Monday to help fix the state's bankrupt unemployment insurance fund by reducing jobless benefits for some people and softening tax increases on businesses.

Columbia Club Foundation says funds stolen by director

January 31, 2011

The private club’s president alerted members to the theft in a letter, but declined to specify how much was taken. Still, he said the director, who is not named in the correspondence, is making restitution.

Florida judge strikes down health care overhaul

January 31, 2011

A federal judge ruled Monday that the Obama administration's health care overhaul is unconstitutional, siding with 26 states, including Indiana, that sued to block it.

Indiana House OKs smoking ban with bars exempted

January 31, 2011

The Republican-led House voted 68-31 Monday to approve the bill, which now moves to the GOP-controlled Senate for consideration.

Residential

January 31, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 12.9 percent for the week ended Jan. 21, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.80 percent from 4.77 percent the previous week. The rate for 15-year mortgages decreased to 4.12 percent from 4.16 percent.

Candy Dynamics expands Nuclear Sludge recall

January 31, 2011

Carmel-based Candy Dynamics has expanded a voluntary recall of its Toxic Waste brand Nuclear Sludge products because they may contain too much lead.

Construction

January 31, 2011

The Mattingly Corp. has been awarded the 2,339-square-foot interior renovation of HealthNet East, 8902 E. 38th St. The project is scheduled to be completed Feb. 20.

Sales/acquisitions

January 31, 2011

-Nene Holdings LLC bought a 44,000-square-foot medical office building at 6855 Shore Terrace Drive. The price wasn’t disclosed. The buyer was represented by Mike Weaver of Newmark Knight Frank Halakar. The seller, Forty One Corp., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Pac-Van Corp. bought a 10,000-square-foot office building at 9155 Park Harrison Court. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Perpetual Technologies Inc., was represented by Mark Writt of CB Richard Ellis.

-5345 Lexington LLC bought a 20,240-square-foot industrial building at 5345 Lexington Ave. The price wasn’t disclosed. The seller, Canal Realty Inc., was represented by Bill Brennan of Lee & Associates. The buyer represented itself.

Leases/leasing contracts

January 31, 2011

-Linens & More, For Less! LLC leased 28,444 square feet at Stony Creek, 17120 Mercantile Blvd., Noblesville. The tenant was represented by Drew Barkett of Strategic Retail Development. The landlord, Inland Southeast Stony Creek LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-Hensley Legal leased 11,892 square feet at 350 E. New York St. The tenant was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The landlord, DH Realty LLC, was represented by Jon Owens and Brian Meeks of Cassidy Turley.

-William Risley leased 8,000 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The tenant was represented by Tony Hupp of Summit Realty Group. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ashley Bussell of Newmark Knight Frank Halakar.

-MicroMed LLC leased 6,565 square feet of office space at 8730 Commerce Park Place. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-The Anson Group LLC leased 6,260 square feet at Parkstone Office Center, 9001 Wesleyan Road. The tenant was represented by Yumi Prater of Colliers International. The landlord, Finsilver/Friedman, was represented by Nick Svarczkopf of CB Richard Ellis.

-I Go Digital leased 4,702 square feet at the Echelon Building, 5252 E. 82nd St. The tenant was represented by Tom Hadley of Summit Realty. The landlord, Helios, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.

-Mighty Auto leased 4,405 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Ashley Bussell and Conrad Jacobs of Newmark Knight Frank Halakar. The tenant represented itself.

-Materials Processing Inc. leased 3,988 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates L.P., was represented by Dave Moore, Darrin Boyd, and Bennett Williams of Cassidy Turley. The tenant represented itself.

-Advanced Pain Management of Central Indiana leased 2,253 square feet at the Fishers Medical Arts Building, 10995 Allisonville Road, Fishers. The tenant was represented by Thomas M. Osborne of Colliers International. The landlord, Fishers Medical Arts Building Partnership, was represented by Charlie Yeo of Barrett & Stokely.

-Peloton Wealth Strategies Inc. leased 1,641 square feet of office space at 8500 Keystone Crossing. The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, PWA Keystone Crossing, LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.

-Indianapolis Fabrication leased an additional 1,600 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.

-Yogurt Shoppe leased 1,200 square feet at Meridian Parke Shopping Center, 3100 Meridian Parke Drive. The tenant was represented by Greg Smith of Colliers International. The landlord, Meridian Parke Co., was represented by Preston Elkins of Kellams Enterprises.

Review: Chamber music at the Palladium

January 31, 2011

The first concert in the Palladium’s concert season fulfills expectations.

Restaurant roundup: Potbelly, The Sweet Life, Bebop Pizza, 10-01

January 31, 2011

Several new restaurants including new local names and popular chains are slated to open soon in central Indiana.

‘Small town’ of police expected for funeral

January 31, 2011

The city expects “a small town” of law enforcement officers to attend Tuesday’s funeral services for slain Indianapolis police officer David Moore. Funeral services at Conseco Fieldhouse are planned for Tuesday at 10 a.m. followed by a procession to Crown Hill Cemetery. “We anticipate several states being represented here and every city in the state will also have someone here,” said Sgt. Bill Owensby of the Fraternal Order of Police. “We’re probably going to get 600 or 700 IMPD vehicles [in the procession] and I would guess we’ll probably have a six- or seven-mile procession.”
 

Police shoot driver after officer hit by car

January 31, 2011

Indianapolis police officers say they fired gunshots that wounded a woman Sunday night after she struck another officer with her car. Officers were responding to a reported disturbance Sunday night at a nightclub on the city’s south side when one was hit by a fleeing car. Officer Deanne Pulley was taken to a hospital with non-life-threatening injuries, police say. The driver, Michelle Marsh, 31, of Indianapolis was hospitalized Monday in stable condition and could face aggravated battery and other charges.
 

IPL says power outages likely

January 31, 2011

A winter storm that could bring heavy ice accumulations to central Indiana is likely to cause some power outages, Indianapolis Power & Light predicts. The storm, predicted to hit the area Monday evening and last through Wednesday afternoon, is expected to dump heavy snow on areas north of the city and several inches of icy rain on the Indianapolis area. Expected wind gusts up to 35 mph and ice accumulations could down power lines.
 

Former Sen. Bayh joining Washington, D.C., law firm

January 31, 2011

The firm of McGuireWoods announced Monday that former Sen. Evan Bayh would be a partner and strategic advisor to domestic and international clients on public policy matters.

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