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Governor, economic development officials look to lure companies to Indiana that now may find doing business in Illinois too costly. But a few experts question whether the state will see any immediate benefits.
The president planned to sign an executive order Tuesday telling federal agencies to look for rules that place an unreasonable burden on businesses.
Eli Lilly and Co.’s experimental drug to help identify plaque in the brain tied to Alzheimer’s disease isn’t ready for approval, according to U.S. regulators.
Officials of Texas-based Dean Baldwin Painting signed a 29-year lease deal last week with Miami County officials for hangar space in the Grissom Aeroplex near the city of Peru.
-Kort Builders has started construction of a 1,600-square-foot retail space for Barbara’s New Beginnings at 8633 River Crossing Blvd.
-Kort Builders has started construction of a 4,000-square-foot space for Massage Envy at 4000 W. 106th St., Suite 200, Carmel.
–Jason O’Neal and brothers Jim McKenzie and John McKenzie have formed McKenzie Real Estate, a boutique real estate firm. O’Neil was formerly a real estate broker at Encore Sotheby’s International Realty. The McKenzie brothers have been custom-home builders in the Indianapolis area since 1993. McKenzie Real Estate is located at 4631 Lisborn Drive, Carmel.
-On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.2 percent for the week ended Jan. 7, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.78 percent from 4.82 percent the previous week. The rate for 15-year mortgages decreased to 4.15 percent from 4.23 percent.
-The local office of Colliers International has appointed James E. Logan, president of its property management division, to head the firm’s new special assets group. Brian F. Knapp, senior adviser for investment services and special assets, will head the firm’s new investment services group.
-Associated Builders and Contractors of Indiana has elected Al Wurster, president of Wurster Construction, chairman of its board for 2011.
-DeVry University/Chamberlain University leased 42,064 square feet at 9100 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Indianapolis Private Industry Council leased 12,633 square feet of office space at Parkstone Office Center, 9002 Purdue Road. The tenant was represented by David Ponader and Tim O’Brien of Colliers International. The landlord, Finsilver/Friedman Management Corp., was represented by Nick Svarczkopf of CB Richard Ellis.
-Sigma Holdings LLC leased 12,612 square feet at Parkstone II, 9100 Purdue Road. The tenant was represented by Sam Smith of Colliers International. The landlord, Parkstone Office Center LLC, was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis.
-MacKenzie River Pizza Co. leased 6,270 square feet at 4939 E. 82nd St., Suite 100. The tenant was represented by Andrew Clifford of Andrew Clifford Realty. The landlord, PK Clearwater Springs LLC, represented itself.
-Vitreo-Retinal Consultants leased 5,763 square feet of office space at Lakeview Medical, 8902 N. Meridian St. The tenant was represented by David Ponader and Sam Smith of Colliers International. The landlord, PHT Lakeview LLC, was represented by Tyson Chastain of Duke Realty.
-Sycamore Rehabilitation Services leased 5,218 square feet at Commerce Park, 7301 Georgetown Road. The tenant was represented by Sam Smith and David Ponader of Colliers International. The landlord, GCP Investment LLC, was represented by Debbie Mann of Mann Properties.
-Whiskey River renewed its lease for 4,800 square feet of retail space in Lynhurst Shops, 2910 S. Lynhurst Ave. The tenant and landlord, Lynhurst Shops LLC, were represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.
-Dolby Laboratories Inc. leased 4,454 square feet of office space at 8021 Knue Road. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-Insurance Corporation of America leased 3,600 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-National Multiple Sclerosis Society leased 3,040 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett M. Williams of Cassidy Turley.
-Aerial Holdings LLC bought a 13,000-square-foot industrial building at 17322 Westfield Park Road, Westfield. The purchase price was not disclosed. The buyer was represented by J.D. Graves of CB Richard Ellis. The seller, First Merchants Bank, was represented by Jason Challand of Echelon Realty Advisors.
-J.T. Johnson’s American Grill LLC bought the 7,329-square-foot former Damon’s at Southport building on 1.86 acres at 4530 Southport Crossing Drive. The purchase price was not disclosed. The buyer was represented by Michael Alboher of Alboher Development Co. The seller, Daniel and Judy Pederson Living Trust, was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Brother’s Transport LLC bought an 11,500-square-foot industrial building at 2073 W. Raymond St. The purchase price was not disclosed. The buyer was represented by Michael Wyatt of Century 21. The sellers, William K. Byrum and William M. Marr, were represented by Bob Dominguez of Colliers International.
A downtown advocate who renovated and repopulated a commercial building on what was once a desolate stretch of Massachusetts Avenue hopes to do the same on Virginia Avenue, where he just closed on the purchase of three contiguous commercial buildings totaling 15,000 square feet.
Geoffrey Bannister, who served as president of Butler University from 1988 to 2000, has been named president of Hawaii Pacific University, the school announced Monday.
An Indianapolis woman who had just regained custody of her children had them removed from her home again Saturday by Child Protective Services when police found them home alone. Police say Alicia Clark had her five children, ages 2-8, taken from her on Dec. 28 after a domestic disturbance. They were later returned to her. Officers were called back to her east-side apartment Saturday after receiving a tip from a neighbor that the children had been left home alone. Clark, 27, said she had to leave the children alone so she could go to her job at a local retail store. She faces felony child neglect charges.
Indianapolis police say a 38-year-old man was discovered shot in the throat Sunday night in the 800 block of Biltmore Avenue. He was found about 9:30 p.m. and taken to Wishard Hospital. At last check, he was in critical condition. Police say the victim did not live at that address, and people in the area had little information about the shooting.
An Indianapolis burglary ring suspected of 60 or so heists allegedly was caught in the act early Monday morning, resulting in two separate police chases and the arrest of three men. According to police, the men typically steal two vans at a time, crash one of them into a business to gain entry, then load up the other van and flee in it. Police saw two vans backed into the Family Dollar parking lot near 10th Street and Arlington Avenue about 2:30 a.m. Monday and began surveillance. However, the vans fled the scene when a fire truck drove by, prompting the chases through the east side. One van crashed into a utility pole near 39th Place and Post Road. The other van crashed near Washington Street and Post Road. Police say members of the ring were arrested as far back as 1995 for similar robberies.
My vision and passion for Indianapolis and all of its citizens will clearly separate me from my opponents.
Some Indiana police officers are backing a push for a change in state law to restrict access to cold medicines used in making methamphetamine by requiring prescriptions for those with ephedrine or pseudoephedrine.
Construction is set to begin soon on Community Health Pavilion, a three-story, 55,000-square-foot medical building to be built on six acres at 7910 E. Washington St.
Approval would let city issue $98 million in bonds to finance its portion of the $155 million North of South mixed-use project set to be built on 14 acres north of South Street between Delaware Street and Virginia Avenue.
Accountants say receivables stretched during the recession, and worse, this might be the new normal.
