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The U.S. Postal Service lost $3.8 billion last fiscal year despite cutting 40,000 full-time positions and making other reductions.
It has continued to face significant losses this year.
Richmond Power & Light officials say they've given up on a plan to capture methane gas from a landfill and convert
it to electric power.
The state is working to build an online system that will allow casinos to check the names of winners against a database of
people who owe child support, said Mike Smith, president of the Casino Association of Indiana.
John Gorman, who worked for the same company for 31 years before he was fired in December, has been waiting on a decision
for at least 100 days, and he still hasn't received his unemployment check, according to the American Civil Liberties
Union of Indiana.
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo,
creating as many as
850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
-TMG Construction Management Inc. has been hired to rebuild a Texas Roadhouse restaurant at 1405 N. Shadeland Ave. that was destroyed by fire earlier this year. Construction of the 7,342-square-foot restaurant is scheduled to be completed in September.
-Shamrock Builders is building out space for D.L. Lowry Salon at 4907 N. Pennsylvania St. The project is scheduled to be completed by the end of August.
On a seasonally adjusted basis, the pace of mortgage loan activity increased 8.8 percent for the week ended June 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.67 percent from 4.75 percent the previous week. The rate for 15-year mortgages decreased to 4.06 percent from 4.19 percent.
-Cyrca leased 9,175 square feet at 9100 Keystone Crossing. The tenant was represented by Ryan Menard of Seven Development. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Highland Capital Brokerage Inc. leased 5,652 square feet at 8900 Keystone Crossing. The tenant was represented by Jay Gehl of Hokanson Cos. The landlord, Philadelphia-based BPG Properties Ltd., was represented by
-Meyer Plastics Inc. leased 5,000 square feet at 5902 E. 34th St. The tenant was represented by Conrad Jacobs of Halakar Real Estate. The landlord, Greystoke Capital, was represented by Greystoke’s Jon Shope.
-Guggenheim Life & Annuity Co. leased 3,650 square feet at 8425 Woodfield Crossing. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, Woodfield II & III LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
-Simply Fashion Stores Ltd. leased 3,500 square feet at Cherry Tree Plaza, 9711 E. Washington St. The tenant was represented by Keith Stark of Situs Realty. The landlord, Sandor Development, was represented by Sandor’s Jamison Downs.
-La Hacienda Mexican Restaurants leased 2,500 square feet at College Park Plaza, 86th Street and Michigan Road. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.
-Panda Express leased 2,254 square feet at Westside Center, 531 W. 11th St. The tenant was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, Westside Development Corp., was represented by John Schick of The Broadbent Co.
-Star Benefit Associates Inc. leased 1,750 square feet of office space at 8060 Knue Road. The landlord, BREOF Castleton Park REO, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-Younique Boutique LLC leased 1,411 square feet at Rockville Station, 9261 E U.S. Highway 36, Avon. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Nu Growth Beauty Salon leased 1,600 square feet at Lafayette Place, 3651 Commercial Drive. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.
-When Eddie Met Salad leased 1,087 square feet at Illinois Street Garage, 139 N. Illinois St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, MT Acquisitions LLC, was represented by Allison Tiefel and Bill French of Cassidy Turley.
-The ground lease for the former Donatos Pizza location in Nora, 1305 E. 86th St., has been assigned to Key Bank. Donatos was represented by Jeff Hubley of Midland Atlantic. Key Bank was represented by Ezra Burdix of DTM Commercial Real Estate.
More than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move
mirrors national and local consolidation of practices with hospitals.
Attorney general seeks more details on the breach, which may have compromised financial and health information on almost 500,000
people. He also calls on the Indianapolis-based insurer to provide affected customers with credit monitoring and theft protection
services.
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future
is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
Officers shot out the tires of a car Thursday night to stop a chase on the northwest side of Indianapolis. The pursuit started
when the driver hit an animal control vehicle on Michigan Road. Police say driver Leroy Hudson, 24, also ran into one of the
pursuing vehicles. Officers ended up shooting out his tires on Westlane Road and took the visibly intoxicated Hudson into
custody without further incident.
An Indianapolis father remains in police custody after leading officers on a car chase with speeds up to 90 mph with a toddler
in his back seat. An off-duty officer spotted 29-year-old Douglas Reynolds speeding and weaving in and out of traffic Thursday
night around East Washington and North Rural streets. Reynolds eventually crashed into a fire hydrant near East 25th Street
and North Mitthoeffer Road. That's when pursuing police discovered the 2-year-old, unharmed.
About 200 members of Indiana's Army National Guard 38th Infantry Division arrived at Stout Field early Friday morning
and were greeted by loved ones waving flags and "Welcome Home" signs. The members of Task Force Cyclone spent the
past year in Afghanistan, aiding the local government with security, agriculture and economic development projects. Although
the homecoming is just a couple days before July 4, the soldiers will spend about five days debriefing and demobilizing before
returning to their homes. Fox59 will have more at 4 p.m.
Burd, who is president of Burd Ford, a mother of four, and a fixture on television commercials for the dealership, has become
an advocate for mental health following her husband’s suicide.
Avis will take an active role in promoting the series through e-mail campaigns, displays at select airports, and other large-scale
promotions, company officials said.
The firm was selected over another Indiana firm, a Texas firm and two Washington, D.C., firms to redesign the university’s
magazine.
The former chairman of the Democratic party in Indiana was named co-chairman of the firm resulting from the June 9 merger
of Washington, D.C.-based Sonnenschein Nath & Rosenthal LLP and United Kingdom-based Denton Wilde Sapte LLP.
