More than 500 employees take Purdue early-retirement plan
The plan, approved by Purdue’s Board of Trustees on Aug. 30, was designed to reduce payroll costs and avoid involuntary layoffs.
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The plan, approved by Purdue’s Board of Trustees on Aug. 30, was designed to reduce payroll costs and avoid involuntary layoffs.
The Marion County Election Board has agreed to lease about 41,000 square feet in a former Marsh store along East Washington Street for an election services center.
Fort Recovery Industries Inc., an Ohio-based aluminum and zinc die cast hardware manufacturer, said it plans to create the jobs by locating a manufacturing plant in the northeastern Indiana city.
Indianapolis-based Eli Lilly and Co. plans to open a diabetes research center in China, the drugmaker said Tuesday, citing the high incidence of the disease there.
Indiana voters headed to the polls Tuesday amid Republican hopes for big gains in the state's congressional delegation and Legislature, but it wasn't immediately clear whether voters were turning out in the numbers the party had hoped for.
Charges of voter fraud have already marred Tuesday's election for Indiana's next chief election official, with the Republican candidate accused of using a false address to cast a ballot in May's primary.
The business-communications software firm had profit of $3.5 million in the quarter ended Sept. 30, up from $2.8 million in the same period of 2009. Quarterly revenue leaped to $41.8 million, an increase of 26 percent.
Indianapolis Colts owner Jim Irsay said Monday he was prepared to make a contract offer to Peyton Manning during the team’s off week, but Manning and his agent wanted to wait until after the season.
Candidates might brag about their business credentials in any campaign year, but in the lead-up to Tuesday’s election, some say it’s been particularly intense.
Without an appeal, generic drugs are now poised to wipe away most of Lilly’s $750 million in annual U.S. revenue from Gemzar.
Indianapolis police are on the hunt for a man they say robbed a west-side Chuck E. Cheese early Sunday, just as employees were about to open the restaurant. Investigators say the suspect approached an employee who was taking out the trash behind the family eatery on 38th Street. The armed suspect forced her and two other workers into a walk-in freezer before making off with an undisclosed amount of cash. Police believe the suspect may be connected to several other business robberies.
Westfield police have arrested an Illinois man who allegedly assaulted a girl he met over the Internet. Investigators say the suspect, Samuel Henzel, admitted he knew the victim was only 12 years old. Police arrested him Saturday night after he met the child at a hotel at U.S. 31 and 151st Street. Henzel was charged with sexual battery, criminal confinement and contributing to the delinquency of a minor.
Two families totaling 10 people escaped a burning duplex late Sunday night on the south side of Indianapolis. Fire crews blamed the blaze, in the 600 block of Sprague Street, on an electrical fire that started in the basement. Damage was estimated at $80,000. No one was injured.
-MailSouth leased 129,600 square feet of industrial space at 7750 W. Morris St. The tenant was represented by Michael Weishaar and Kyle Powell of Cassidy Turley. The landlord, Duke Realty Group, was represented by Duke’s Glenn Davis.
-Roche Diagnostics Operations Inc. leased 88,004 square feet of industrial space at 7988 Centerpoint Drive. The tenant was represented by Drew Augustin and Mike Lubbers of NAI Olympia Partners. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-DGP Intelsius LLC leased 13,508 square feet of industrial space at 7696 Zionsville Road in Park 100. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Northview SPK Ltd., was represented by Chip Barnes of NAI Olympia Partners.
-Consolidated Electrical Distributors Inc. leased 10,000 square feet of industrial space at 5850 Kopetsky Drive in the Gateway South Industrial Park. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Gateway South LLC, was represented by Bill Byram of Cassidy Turley.
-Bedel Financial Consulting leased 5,720 square feet at 3815 River Crossing Parkway, Suite 120. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Gibraltar Management Inc., was represented by Dan Richardson of CB Richard Ellis.
-St. Jude Enterprises LLC leased 3,109 square feet of office space at 3021 E. 98th St. The tenant was represented by Mike Macri of Ferguson Commercial Real Estate Services. The landlord, BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-Fast Signs leased 3,054 square feet at 3915 East 96th St. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, PP Indianapolis III Project Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-The South Bend Chocolate Co. leased 3,000 square feet of industrial space at 8904 Bash St. The tenant was represented by Richard King of Hokanson Cos. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Godfather’s Pizza leased 1,750 square feet at Rockville Shops, 5389 W. Rockville Road. The landlord, Rockville Dynasty LLC, was represented by Liz Yoho of Providence Development. The tenant represented itself.
-SkillStorm Commercial Services LLC leased 1,566 square feet of office space at 8440 Woodfield Crossing Blvd. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
-Sagamore Benefits Group Inc. leased 1,546 square feet of office space at 8395 Keystone Crossing in the Keystone Office Centre. The tenant was represented by Paul Dick of Colliers International. The landlord, Sourwine Real Estate Services LLC, was represented by Andrew Martin of Cassidy Turley.
-Bolden Cleaners renewed its 950-square-foot lease at 12 Harbourtown Center, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.
-Big D’s All American Hot Dogs subleased a 900-square-foot former Taco Bell at 3660 S. East St. The sublessor, Southern Bells Inc., was represented by Craig Ramsay of Sitehawk Retail Real Estate. The sublessee represented itself.
On a seasonally adjusted basis, the pace of mortgage loan activity grew 3.2 percent for the week ended Oct. 22, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 4.25 percent from 4.34 percent the previous week. The rate for 15-year mortgages decreased to 3.67 percent from 3.74 percent.
Delta Construction Co. bought a 4,200-square-foot office/retail facility and three-tenths of an acre of land at 6158 Hillside Ave. The price wasn’t disclosed. The buyer and seller, Zions First National Bank, were represented by Harvey Levin, Jim Shook and Jon Hardy of Coldwell Banker Commercial Realty Services.
The Evansville-based bank reported a third-quarter profit of $11.9 million, up from $4 million in the year-ago period.
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
Simon Property Group Inc., the largest U.S. shopping-mall owner, said third-quarter profit declined from a year ago after the company recorded an expense to buy back debt.
First Internet Bancorp earned just over $1 million in the third quarter ended Sept. 30, compared to a loss of $208,806 for the same quarter of 2009.