House GOP budget spares bank insurance fund
Indiana bankers are relieved House Republicans decided to spare a bank insurance fund from being raided to plug holes elsewhere in the state’s finances, but they’re not done lobbying against the idea.
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Carjacker makes off with Jaguar
Two suspects fled with cash and a vehicle following a carjacking on the near-northwest side of Indianapolis early Tuesday morning. Police say the victim had parked in front of the Bayhead Village apartment complex at 38th Street and Eagle Creek Parkway when someone pulled a gun on him and told him to lie down outside his car. Another suspect asked if the victim had any cash. One suspect left with the victim’s black Jaguar, and the other ran off with more than $60.
Democrats delay state House action amid union protests
Democratic legislators are staying away from the Indiana House chamber, blocking the Republican majority from conducting business while hundreds of union members crowd the adjourning hallways in protest of a contentious labor bill.
Water playground proposed for far-east side park
Splash zone is among several improvements slated for German Church and 30th Park, a few of which will be considered Thursday by the Metropolitan Development Commission’s hearing examiner.
Consumer confidence hits 3-year high this month
The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed.
Blockbuster selling movie-rental chain to creditors
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
Broad Ripple raising money to preserve historic buildings
A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
Medtronic to cut up to 2,000 workers
Medtronic, the world's largest medical device maker, said Tuesday it will lay off up to 2,000 workers as part of a restructuring effort. The Minneapolis-based firm employs xxxxxx in its operations in Warsaw.
Former U.S. Rep. Ellsworth won’t run for governor
The Democrat who lost to Dan Coats in November’s U.S. Senate race says he won’t run for any office in 2012. With recent announcements by other potential candidates, the field is beginning to shake out.
Indiana home sales and prices rise in January
The median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.
Immigration bill’s author won’t vote on own bill
Republican Sen. Mike Delph of Carmel, the author of a contentious Arizona-style bill to crack down on illegal immigration in Indiana, won't be present if the state Senate votes on the measure Tuesday.
Purdue interested in opening campus in NYC
Purdue President France Cordova says the university is interested in opening a research campus in New York City.
Ex-House Speaker Gregg weighing governor’s race
Former Indiana House Speaker John Gregg tells a Terre Haute newspaper that he's giving "serious thought" to running for governor next year.
Sales/acquisitions
Victory JV III LLC bought the 241,000-square-foot former SMC Corp. industrial/office facility at 3011 N. Franklin Road. The list price was $3.9 million. The sale price wasn’t disclosed. The buyer was represented by Mark Writt of CB Richard Ellis. The seller, SMC Corp., was represented by Jeff Castell of Cassidy Turley.
Leasing/leasing contracts
-Biosound, Esaote Inc. leased 39,204 square feet of office space at 8000 Castleway Drive. The tenant was represented by Darrell Pike of Pike Real Estate. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Indiana Athletics has leased 12,000 square feet in Fairfield Business Park, 9339 Castlegate Drive. The tenant was represented by John Hanley of CB Richard Ellis. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale of CB Richard Ellis.
-Key Sheet Metal renewed its lease for 6,000 square feet at 23rd Street Industrial, 4949 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Hurricane Grill & Wings leased 4,733 square feet at Northfield Commons, 400 W. Northfield Drive, Brownsburg. The tenant was represented by Bill Lingle of Century 21 Scheetz. The landlord, Brownsburg Development, was represented by Liz Yoho of Providence Development.
-Dacco Inc. renewed its lease for 4,000 square feet at 23rd Street Industrial, 4839 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Cutco Cutlery signed leased 3,978 square feet at Clearwater Springs Shopping Center, 82nd Street and Allisonville Road. The tenant was represented by Thomas T. Schoenberger of Welsh Companies in Novi, Mich. The landlord, PK Clearwater Springs LLC, represented itself.
-Marco’s Pizza leased 1,800 square feet at New Augusta Shoppes, 7125 N. Georgetown Road. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, Lor Corp., was represented by Brett Burch of Valenti Real Estate Services.
-Marco’s Pizza leased 1,600 square feet at Fishers Town Commons, 8235 E 116th St., Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Fishers Town Commons LP, was represented by Brian Broadbent of The Broadbent Co.
-Crosspoint Capital Corp. leased 493 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
-GlassHouseCouture leased 442 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
Construction
-Kort Builders has completed a 1,700-square-foot retail space for Trilogy Salon at 8691 River Crossing Blvd.
-Kort Builders has completed a 1,600-square-foot retail space for Barbara’s New Beginnings at 8633 River Crossing Blvd.
-Kort Builders has completed a 1,600-square-foot retail space for Diva Nails at 11434 Olio Road, Fishers.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 9.5 percent for the week ended Feb. 11, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.12 percent from 5.13 percent the previous week. The rate for 15-year mortgages increased to 4.34 percent from 4.29 percent.
You-review-it Monday
Did you get to hear some vocal jazz at the Palladium or Clowes Hall? Catch up on Oscar-nominated films?
Midway Produce acquired by U.S. Foodservice
Founded in 1999, Indianapolis-based Midway Produce mostly distributes produce to restaurants, health care facilities and schools throughout central Indiana.