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Jeffersonville shipyard part of proposed $777M deal

American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville.

Thinner margins squeeze Steel Dynamics profit

The Fort Wayne-based steelmaker reported profit of $19 million, or 9 cents per share, compared with $69 million, or 30 cents per share, in the same period last year.

Indiana commerce agency, Purdue plan California office

Officials say the Silicon Valley office will focus on attracting California companies to move to Indiana and to sell venture capitalists on ideas and research generated by Purdue faculty and entrepreneurs.

Builder’s lakeside home defies rustic expectations

Sparse interiors, vast windows and thoughtfully placed artwork define the look and feel of the Sundstrom home. Their minimalist approach gives top billing to the view and natural surroundings that originally persuaded the couple to relocate.

U.S. court voids NCAA ruling, seeks help on state law

A three-judge panel of the Chicago-based appeals court Monday reversed its own July ruling that said the NCAA must face a lawsuit by consumers claiming its ticket-distribution method violates Indiana law.

Leasing/leasing contracts

-First Industrial Realty Trust has appointed Brian Seitz, Steve Schwegman, Jake Sturman and Brian Buschuk of Jones Lang LaSalle as exclusive leasing agents for Brookville Business Park, a six-warehouse complex totaling 475,336 square feet at 1345 Brookville Way.

-Pitney Bowes/Government Solutions renewed its lease for 161,133 square feet at 2800 Airwest Blvd., Plainfield. The tenant was represented by Andrew Morris of Summit Realty Group. The landlord, DCT Industrial Trust Inc., was represented by Jeremy Woods of Summit.

-Planet Fitness leased 14,055 square feet of retail space in the Shoppes at County Line, 8811 Hardegan St. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Gateway Arthur Inc., was represented by Robyn Smart of CB Richard Ellis.

-Feldco leased 9,480 square feet of industrial space at 8818 Corporation Drive. The tenant was represented by Kevin Vernick of Vernick & Associates. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Management Information Systems leased 4,808 square feet in Park 100, 5856 W. 74th St. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Park Creek Venture, was represented by Glenn Davis of Duke Realty.

-Progressive Vision leased 4,410 square feet at Clearwater Crossing, 3800 E. 82nd St. The tenant was represented by Ryan Zickler of Zickler Associates LLC. The landlord, Broadbent Cos., was represented by Broadbent’s John Beuoy.

-Foot Euphoria leased 2,100 square feet at Castleton Plaza, 6300 E. 82nd St. The landlord, Broadbent Cos., was represented by Brian Broadbent. The tenant represented itself.

-Reith-Riley Construction leased 1,200 square feet at Lafayette Place Shopping Center, 3651 Commercial Drive. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.

-Maxx Taxx leased 1,120 square feet at Eagledale Plaza, 2802 Lafayette Road. The landlord, Sandor Development Co., was represented by Sandor’s Jamison Downs and John Holloway. The tenant represented itself.

-EmbroidMe leased 1,100 square feet at Castleton Point, 5305 E. 82nd St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, Broadbent Cos., was represented by Broadbent’s John Beuoy.

-Solo Diagnostics renewed its lease for 280 square feet 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.

-Wise Brothers Inc. leased 210 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.

Sales/acquisitions

-McCallan Properties LLC bought the 77-unit Eastgate Terrace Apartments, 7036 E. 10th St., for $1 million. The buyer was represented by Chad Stickley of Marcus & Millichap. The sellers, Jim and Pat Candler, were represented by Scott Pollom of Cassidy Turley.

-Clary Crossing Senior Villas LP bought 12.75 acres in The Enclave subdivision at Stones Crossing Road and State Road 135, Greenwood. The price wasn’t disclosed. The seller, Fifth Third Bank, and buyer were represented by Jim Shook, Jon Hardy and Andrew Schrage of Coldwell Banker Commercial.

-Hien Nguyen bought a former Bob Evans Restaurant building at 4760 W. 38th St. The price wasn’t disclosed. The buyer was represented by Mitchell Andrews of Andrews Realtors. The seller, Bob Evans Farms, was represented by Michael Cranfill of Sitehawk Retail Real Estate.

Flood-damaged Columbus hospital reassessing expansion

Columbus Regional Hospital officials say a decline in its number of inpatients and an increase in outpatients have them considering whether to proceed with a planned $108 million expansion project.

Construction

-Kort Builders has completed a 1,300-square-foot retail space for Fuzziwig’s Candy Factory at 13971 Town Center Blvd. in Hamilton Town Center, Noblesville.

-Kort Builders has completed a 2,000-square-foot retail space for Sally Beauty at 2007 SE Greyhound Pass, Carmel.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity increased 14.6 percent for the week ended Oct. 8, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.21 percent from 4.25 percent the previous week. The rate for 15-year mortgages fell to 3.62 percent from 3.73 percent.

Man awaits sentencing in beating death

A man who beat a Crawfordsville grandmother to death with a hammer is scheduled to  learn his punishment Monday. Rob Shute, 37, agreed to a plea deal last month while facing murder and robbery charges for the death of his landlady, Brenda Stuckey. Police say Shute was on drugs and looking for cash when he killed the 62-year-old.

One injured when SUV hits bus

A Perry Township elementary school bus with 24 students on board was involved in an accident near Emerson Avenue and Southport Road Monday morning. The 24 students from Jeremiah Gray-Edison Elementary School on the bus were not injured. The 44-year-old driver of the SUV that hit the bus and flipped over was taken to the hospital with minor injuries.

Two men arrested in woman’s death

Two men have been arrested in connection with the death of Latrice Long-Payton, 29, whose body was found in a dumpster over the weekend behind 5519 Rawles Ave. on the east side. Her roommate, Joseph Coleman, 28, was arrested on a murder charge. Samuel Taylor, 32, was charged with assisting a criminal. Police say both men confessed to the crimes. The victim had been missing about two weeks.