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Marion County bans synthetic pot

October 5, 2010

The Indianapolis City-County Council on Monday approved a ban on the sale of “spice,” the synthetic substance similar to marijuana. The vote was 20-1. Other counties and cities in central Indiana have previously passed similar bans, and the push for a statewide ban is gaining steam. Spice, also called K2, is sold under various names at convenience  stores, often as incense. It can cause adverse health effects or even death when smoked.

Lost baggage leads to arrest

October 5, 2010

An unruly man at the Delta Air Lines baggage claim at Indianapolis International Airport was subdued by a stun gun and arrested late Monday night. The unidentified Indianapolis man had just returned home from New York about 11:30 p.m. and got into a verbal altercation with a baggage representative over missing baggage. Airport police officers asked the man to leave the office, but he refused. He was taken to Marion County Jail. Fox59 will have more at 4 p.m.

German American Bancorp acquires Bank of Evansville

October 5, 2010

American Community Bancorp Inc.’s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.

Appropriate applause for Itzhak Perlman?

October 5, 2010

Between-movements claps drew attention at Indianapolis Symphony Orchestra gala.

Plastic recycler establishing $25M plant in Richmond

October 5, 2010

Chicago-based Perpetual Recycling Solutions said it will purchase and renovate an existing, 100,000-square-foot facility in the city, with plans to create up to 55 jobs by 2012.

Longtime car retailer closes on west side

October 5, 2010

National Car Sales, for years known for its commercials featuring basketball coach Bobby “Slick” Leonard, closed last week after more than 20 years in the market.

Closing of Berne plant putting 250 out of work

October 5, 2010

Michigan-based Camryn Industries plans to close the facility in Berne on Oct. 15 after the sale of the plant to Visionary Technologies Inc., also based in Michigan.

UIndy to manage teacher bonus pay program at 44 schools

October 5, 2010

The University of Indianapolis has been selected to manage a $32.7 million effort to improve schools through teacher-improvement programs and performance-based bonuses.

Local school district gets $12M magnet school grant

October 5, 2010

The Metropolitan School District of Lawrence Township Schools is the only school system in Indiana and one of just 36 nationwide receiving the grants from the U.S. Department of Education.

Interactive Intelligence buys Jacksonville software maker

October 5, 2010

Interactive Intelligence Inc. has bolstered its product line of business software applications by acquiring Latitude Software for $14 million.

Christamore House laying off seven employees

October 5, 2010

Local not-for-profit also may temporarily reduce client services to ease its financial struggles. The agency said it needs to raise $200,000 to continue operating through the rest of the year.

Clarke Engineering plans $2.1M expansion in Fishers

October 5, 2010

Fishers-based Clarke Engineering Services plans to invest $2.1 million to expand its headquarters operation, creating as many as 29 jobs by 2012. The 13-year-old firm said it will begin hiring immediately.

Voter group’s website analyzes candidates’ stands

October 5, 2010

A nonpartisan group has launched a website to help Indiana voters determine where candidates stand on the issues, even if the candidates didn't answer its pre-election survey.

Construction

October 4, 2010

DeVere/FCC LLC, a joint venture of DeVere Construction Co. Inc. and Flaherty & Collins Construction Inc., has started construction of the $25.5 million second phase of The Boulevard Apartments. The 213-unit complex is being built on 8.94 acres in the 1,700-acre Anson mixed-use development near Interstate 65 and State Road 334.

Housing

October 4, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 0.8 percent for the week ended Sept. 24, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.38 percent from 4.44 percent the previous week. The rate for 15-year mortgages fell to 3.77 percent from 3.88 percent.

People

October 4, 2010

Jennifer Clark and Josh Briley have joined Exit Realty One, Greenwood, as sales associates.

Leasing/leasing contracts

October 4, 2010

-Ashley Furniture leased 34,134 square feet at Castle Glen Shopping Center, 8714 Castle Creek Parkway, East Drive. The tenant was represented by Paul Gold of Echo Development. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Pinpoint Resources LLC leased 6,200 square feet at 8610 E. 106th St., Fishers. The tenant was represented by Alex Cantu of NAI Olympia Partners. The landlord, JRS Limited Liability Co., was represented by Matt Waggoner of Summit Realty Group.

-Applebee’s renewed its lease for 4,815 square feet at North Willow Commons, 1400 W. 86th St. The landlord, Broadbent Cos., was represented by Broadbent’s Ray Bunes. The tenant represented itself.

-JSH Inc. leased 4,483 square feet of retail space at Prestwick Pointe, 5250 E. U.S. 36, Avon. The landlord, Weston Group LLC, was represented by Steve Daum of NAI Olympia Partners. The tenant represented itself.

-Mattress Firm leased 4,000 square feet at Applewood Centre, 5409 Scatterfield Road, Anderson. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, Scatterfield Road Associates, was represented by Paul Nicholson of Central Management.

-Trustworthy Land Title renewed its lease for 3,953 square feet at Castle Creek VI, 5975 N. Castle Creek Parkway. The tenant was represented by Ralph Balbar of Halakar Properties. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.

-The Cheese Shop leased 2,400 square feet in Fashion Mall Commons, 8487 Union Chapel Road. The landlord, Broadbent Cos., was represented by Broadbent’s John Beuoy. The tenant represented itself.

-Jimmy John’s leased 1,837 square feet at Raceway Crossing, 10934-10976 E. U.S. 36, Avon. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, Broadbent Cos., was represented by Brian Broadbent.

-Taiwan Tea House leased 1,640 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The tenant was represented by Sean Dee of TLC Real Estate Corp. The landlord, Broadbent Cos., was represented by Broadbent’s John Beuoy.

-Puptown leased 1,366 square feet at River Ridge, 4825 E. 96th St. The landlord, Broadbent Cos., was represented by Broadbent’s Ray Bunes. The tenant represented itself.

Sales/acquisitions

October 4, 2010

AHEPA Management Co. Inc. bought a 6,000-square-foot office building at 10706 Sky Prairie St., Fishers. The price was not disclosed. The buyer was represented by Darrin L. Boyd of Cassidy Turley. The seller, Prairie View at Crosspoint LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.

Walnut Street building sold for retail use

October 4, 2010

The two-story industrial building along the Indianapolis Cultural Trail will be converted into a furniture store.

Ex-IU hoops player Leary avoids prison time in fraud

October 4, 2010

Former Indiana University basketball player Todd Leary was sentenced Monday to two years of work release or home detention followed by two years on probation. He still faces theft and burglary charges in Hamilton County in a separate case.

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