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St. Francis covets Greenwood’s growth

November 30, 2010

It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.

State memo: Schools won’t see more budget cuts

November 30, 2010

Memo from Superintendent Tony Bennett to district administrators says there are “no current plans for reductions”

Contrarians think it’s new day for Lilly

November 30, 2010

The trouble-free market approval obtained by Eli Lilly and Co. for a new underarm testosterone treatment brightened the company’s outlook—at least for one of the few optimistic analysts covering the company.

Police probe double murder in Anderson

November 30, 2010

Anderson police are investigating a double murder that happened during the weekend but wasn't discovered until Monday. Family members of Keya Prince, 24, and her boyfriend, Stephen Streeter, 25, found the couple dead at their home in Anderson on Monday after they hadn’t heard from them since Saturday. Investigators say it appears the couple was shot to death on Saturday, which gives them a late start on tracking down a suspect. They currently have very few leads. They found no signs of forced entry.
 

Police: Drunken mom left kids home alone

November 30, 2010

A Noblesville mother was arrested early Tuesday morning after police said she drove drunk and left her three children home alone. Michele Knight, 33, was taken into custody near State Road 37 and Greenfield Avenue after police received a tip from a Village Pantry clerk who said Knight appeared heavily intoxicated. Knight’s preliminary blood alcohol level was three times the legal limit, police said. Her children, ages 8, 6 and 8 months, were found home alone asleep in their beds.
 

Robbery attempt causes taxi crash

November 30, 2010

A cab driver said two men tried to rob him Monday night, causing him to crash into a Lawrence home. The driver picked up two men on the south side of Indianapolis near Troy Avenue and Pennsylvania Street. As they neared the destination, the men began wrestling with the driver in an attempt to take his money. During the struggle, the driver lost control of the wheel and crashed into the bedroom of a home in the 4800 block of Leone Drive. The cab driver suffered slight injuries. A man inside the home was not injured. Lawrence police are looking for the suspects, who fled the scene.
 

Simon widow’s attorneys want judge to step down

November 30, 2010

Attorneys for Bren Simon turned their ire toward a Hamilton County judge on Tuesday, asking him to recuse himself from a legal battle over real estate magnate Melvin Simon's $2 billion estate.

WTHR winner during November sweeps period

November 30, 2010

Channel 13 received a huge ratings boost at 11 p.m., enabling it to surpass WISH-TV Channel 8 as the most-watched newscast during that time. WTHR’s newscast retained its lead in several other time slots, although audience numbers dipped, enabling competitors to close the gap.

Renewed Sunday liquor fight to focus on money

November 30, 2010

Backers of the proposed legislation have begun touting a study estimating that as much as $9 million in additional tax revenue would be generated for Indiana by the allowance of Sunday sales.

Organic food company with big plans cutting jobs

November 30, 2010

Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.

WRTV names new general manager

November 30, 2010

Larry Blackerby, a 30-year television veteran, has been picked to replace long-time WRTV-TV General Manager Donald Lundy, parent company McGraw-Hill Broadcasting announced Tuesday.

CNO Financial looking to refinance bank loans

November 30, 2010

The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.

Historic downtown building poised for overhaul

November 30, 2010

DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.

$26.8M military deal revs local Rolls-Royce operation

November 30, 2010

Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.

Coaching search gives Hoosiers uncertain future

November 30, 2010

The new coach, whomever it is, will become the school's sixth since 1996 — more than any other Big Ten school. He will take over a team that has only three Big Ten wins over the past three years and just ended a 12-game losing streak against conference foes and a 15-game losing skid against league opponents away from Bloomington.

Judge denies motion to dismiss school funding suit

November 30, 2010

Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.

Leasing/leasing contracts

November 30, 2010

-The Indiana Department of Revenue renewed its lease for 50,200 square feet of industrial space at 5252 Decatur Blvd. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.

-Davis Wholesale Supply Co. renewed its lease for 25,600 square feet of industrial space at 5845 W. 82nd St. in Park 100. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of ProLogis.

-D’Amore, a division of Thomas Caterers of Distinction, subleased 15,231 square feet on the 48th floor of Chase Tower, 1 E. Ohio St. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, JP Morgan Chase, was represented by Nick Arterburn of CB Richard Ellis.

-Sigma-Tau Pharmasource Inc. leased 13,750 square feet at 6815 Guion Road. The tenant and landlord, TCA 6815, were represented by J.D. Graves of CB Richard Ellis.

-The Indiana Private Industry Council leased 12,335 square feet at Parkstone III, 9002 Purdue Road. The tenant was represented by Tim O’Brien and David Ponader of Colliers International. The landlord, Parkstone Office Center LLC, was represented by Nick Svarczkopf and Dan Richardson of CB Richard Ellis.
 
-Product Development Corp. subleased 12,000 square feet at 5201 Park Emerson Drive, Suite N. The subtenant and sublandord, Wheel Pros LLC, were represented by J.D. Graves of CB Richard Ellis.

-EMP Technology LLC leased 8,120 square feet at 15309 Stony Creek Way, Noblesville. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Gulf Shores LLC, was represented by Chris Black of CB Richard Ellis.

-ZHU LAN sushi and prime rib buffet leased a freestanding 7,062-square-foot building at Merchants Point, 2293 E. 116th St., Carmel. The tenant was represented by Jun Liu of Carpenter Real Estate. The landlord, Darden Restaurants, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.

-Happy Hour Foot Spa leased 1,665 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Jet’s Pizza leased 1,651 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The tenant was represented by Kurt Meyer of Baseline Commercial Real Estate. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Rice Cooker leased 1,640 square feet at Willow Lake Shopping Center, 2658 Lake Circle Drive. The landlord, USRP Willow East LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

Sales/acquisitions

November 30, 2010

Dr. Idella Simmons bought a 4,000-square-foot building at 946 N. Alabama St. The price wasn’t disclosed. The buyer was represented by Ralph Balber of Halakar Real Estate. The sellers, Brent and Beverly Precious, were represented by Brad King of Colliers International.

Construction

November 30, 2010

-Kort Builders has completed a 25,000-square-foot space for the Indiana Baseball Academy at 9760 Mayflower Park Drive, Carmel.

-Kort Builders has completed a 1,300-square-foot restaurant space for The Bakery at Geist at 8150 Oaklandon Road.

-Shamrock Builders-Commercial has started construction of a 3,000-square-foot office build-out for Morical's Castle Mortgage Corp. at 11501 Cumberland Drive, Fishers.

Housing

November 30, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.1 percent for the week ended Nov. 19, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.5 percent from 4.46 percent the previous week. The rate for 15-year mortgages fell to 3.83 percent from 3.87 percent.

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