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-Tracey Holtzman has joined Midland Atlantic as a retail specialist.
-Carol Rice has joined Midland Atlantic as administrative manager.
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Housing
On a seasonally adjusted basis, the pace of mortgage loan activity fell 14.4 percent for the week ended Nov. 12, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.46 percent from 4.28 percent the previous week. The rate for 15-year mortgages jumped to 3.87 percent from 3.64 percent.
Sales/acquisitions
MJK Indiana LLC bought 2.02 acres of industrial land at 1102 W. 16th St. The price wasn’t disclosed. The seller, Canal Realty Inc., was represented by Bill Brennan of Lee & Associates. The buyer represented itself.
Geist apartment complex sale ends drought of Class A transactions
Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.
Auto industry bailout pulls Kokomo back from brink
Kokomo's fortunes have been entwined with the auto industry since 1894, when Elwood Haynes invented one of the first automobiles in the United States there. Since the 1930s, when then-Delco (later Delphi) located there, followed by General Motors and Chrysler, the auto industry has been the town's bread and butter.
Clarian grows market share to 40 percent
Clarian Health has been growing faster than its peers in the Indianapolis market the past five years and is now generating healthy margins, according to a report this month by Moody’s Investors Service.
New renderings just in: Buckingham’s North of South
The local developer Buckingham Cos. just filed detailed plans of its $150-million North of South development, including street-level renderings of most of the proposed buildings.
The root of Indiana’s myriad problems
Longtime economist Morton Marcus says the objective truth is that Indiana is in decline. He also insists the solution is a change in the culture, not just job creation.
Teens crash stolen cars after chase
Two teenagers driving stolen cars led police on a chase along U.S. 40 in Hancock County early Monday. The pursuit started in Greenfield near the Washington Village apartments, when police noticed five teenagers in two stolen cars. After a 4-mile pursuit, the drivers crashed the cars near Washington Street and German Church Road. The Hancock County Sheriff's Office says the youths ranged in age from 15 to 17. None had a driver’s license and two of the teens were on probation wearing ankle monitors. One teenager was arrested and two others were taken to the hospital to be checked out.
Broken water main floods Speedway Drive
Crews are working to repair a large water main break in Speedway. About 2 a.m. Monday, a Speedway police officer on patrol came across the heavily flooded Speedway Drive, near the intersection of Crawfordsville Road and Lynhurst Drive. Crews have blocked off the street from Whitcomb Avenue to Beeler Avenue as they work to repair the water main. The road will remain closed until the main is fixed.
Hospital battling bedbugs
Bloomington Hospital hopes to be bedbug-free by the end of Monday after heath officials discovered the tiny blood suckers in two rooms over the weekend. Hospital workers are using heaters to kill the insects and their eggs. They’re also making sure patients leaving the hospital don’t take the bugs home—visually inspecting patients, giving them a shower and clean gown before leaving, and heating their belongings to a temperature that would destroy any lingering bedbugs. For now, the hospital is not restricting visitors.
Phase 10 inventor folds in dispute over top-selling card game
The inventor of the world's second-best-selling card game has settled a lawsuit with Fundex Games, the Plainfield company that markets and distributes Phase 10.
Start of downtown North of South project in flux
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
Hamilton County foundation president leaving
Legacy Fund President Brad Little is stepping down to take a similar job in Iowa. In three years, the foundation serving Hamilton County has grown from $25 million to $40 million in assets.
St. Francis hospitals getting Franciscan Alliance name
The Mishawaka-based health system’s move comes after months of consumer research—and six months after rival system Clarian Health said it would change its name to Indiana University Health.
Feds’ $50M loan to automaker could create 900 jobs
The Department of Energy will announce on Monday it is giving a $50M loan to Vehicle Production Group, which makes wheelchair accessible vehicles in Mishawaka. Officials say they expect the loan to create more than 900 jobs in an economically ravaged part of Indiana.
Indiana Limestone sold to Ohio company
A Cleveland-based private equity firm called Resilience Capital Partners has purchased Indiana Limestone Co. from Johnson Ventures. Terms were not disclosed.
Truck manufacturing might ramp up 56 percent in 2011
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
State joins push to protect elderly from financial scams
Indiana doctors may soon check on patients’ financial health as part of a program that teaches health care providers how to spot victims of swindlers.
Democrats contest GOP Charlie White’s election win
The Indiana Democratic Party says the Democrat who lost the race for secretary of state should get the job if Republican winner Charlie White cannot serve because of alleged voter fraud.