GOP-controlled Legislature overhauls K-12 education
This year saw the most sweeping changes to public education since the approval of teachers’ unions in 1973.
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2011 NEWSMAKER: Eugene White in crosshairs as reformers target IPS
There’s a pitched battle under way in K-12 education as reform advocates and charter schools challenge traditional institutions such as teachers’ unions and education schools.
Real estate meltdown leaves developers reeling
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
Spate of Indiana firms lines up for IPOs
The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another $31 million by selling some of their holdings.
Rolls-Royce relocates 2,500 jobs to downtown
The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being renamed the Rolls-Royce Meridian Center.
Openings launch new era for Indianapolis tourism
The $275 million Indiana Convention Center expansion was completed in January, and the 1,005-room JW Marriott opened the following month.
Las Vegas calamity saps IndyCar momentum
IndyCar Series CEO Randy Bernard racked up a number of accomplishments early in 2011 but was buffeted by challenges late in the year—most notably a crash at a Las Vegas race in October that left one driver dead and the future of the series mired in uncertainty.
Patent expirations up pressure on Lilly
Eli Lilly and Co. lost patent protection on its $5-billion-a-year best-seller Zyprexa in October, plunging the company into the long-awaited zone of uncertainty that it calls “Years YZ.”
State’s economy still stuck in neutral
The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.
Indictment: Durham looted Fair Finance
Indianapolis financier Tim Durham was indicted on wire and securities fraud charges in March—the culmination of a federal probe that began in 2009.
Pedestrians critically injured by SUV
Two pedestrians are in critical condition after being hit by a sport-utility vehicle Tuesday night on the north side of Indianapolis. Police say the pedestrians, a male and a female, were crossing 82nd Street just west of Allisonville Road about 9:20 p.m. when they were struck by an eastbound GMC Envoy. The SUV’s driver, a woman in her 40s, cooperated with officers at the scene. Witnesses said the victims were crossing in a dark area in the middle of a block.
Couple struck by SUV die from injuries
Two pedestrians hit by a sport-utility vehicle Tuesday night on a busy road in Castleton died in the hospital Wednesday. Sydney Campbell, 19, and her boyfriend, 21-year old Jason Uhrin, were crossing East 82nd Street, heading home to the Lakeshore Apartments, when the accident occurred about 9:20 p.m. Tuesday. The victims were crossing the street just west of Allisonville Road in a dark area without a traffic light or crosswalk. No charges were filed against the driver.
BENNER: A lot more is in store in 2012 than just the Super Bowl
Just a warning: Even if we catch a week of sunny skies and temps in the 40s, some will be unhappy.
STOSSEL: The corporate perspective on Obamacare
When countries move to a government-funded system, taxes rise to crushing levels, as they have in Europe.
$28M didn’t get Super Bowl donors many perks
Indianapolis Super Bowl organizers raised $28 million from 131 mostly corporate donors to put on the NFL’s showcase event by simply asking—and promising almost nothing in return.
Leases/leasing contracts
-Sterling Electric Inc. leased 70,400 square feet of industrial space at 7973 Allison Ave. The tenant was represented by Sean McHale of Colliers International. The landlord, Prologis, was represented by Elizabeth Kavchak of ProLogis.
-Phoenix Material Management extended and expanded its lease and will now occupy 70,400 square feet of industrial space at Plainfield Industrial Park, 923 Whitaker Road, Plainfield. The tenant was represented by Rick Suja of Colliers International. The landlord, KPIV 923 Whitaker Road LP, was represented by Luke Wessel of Cassidy Turley.
-Forward Air Inc. leased 38,250 square feet of industrial space at 2363 Perry Road, Plainfield. The tenant was represented by Michael Bauer of Fischer & Co. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-GVS Filter Technology renewed its lease of 17,600 square feet of industrial space at 5303-5373 W. 79th St. The tenant was represented by Michael Weishaar of Cassidy Turley.The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-Rocket Epicurean Ventures LLC leased 9,325 square feet of industrial space off at 602 N. Park Ave. The landlord, Tway Properties LLC, was represented by D. Bryan Weese of Bingham McHale LLP. The tenant represented itself.
-Williamson Auto Body leased 7,301 square feet of retail space in Esquire Plaza, 8347 Pendleton Pike. The landlord, Sandor Development, was represented by Sandor’s Jeff Roberts. The tenant represented itself.
-Bycan-Sellen Associates leased an additional 6,400 square feet of industrial space at 7998 Centerpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Schmidt Mortgage leased 3,415 square feet in Hamilton Crossing III, 12800 N. Meridian St., Carmel. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-PolicyStat leased 3,026 square feet in Hamilton Crossing III, 12800 N. Meridian St., Carmel. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-Indy X Fitness leased 2,570 square feet of retail space in The Pointe, 1259 N. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, Sun Greenwood LLC, was represented by Cathy Richards and Jim Karozos of Lee & Associates.
-3D Recreation leased 2,444 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates
-Paradise Tanning leased 2,170 square feet of retail space in Ashley Crossing, 733C Lowes Blvd., Greenwood. The landlord, Sandor Development, was represented by Sandor’s Jeff Roberts. The tenant represented itself.
-Diva Nails leased 1,530 square feet of retail space in Honey Creek Plaza, 5346 W. 38th St. The landlord, Sandor Development, was represented by Sandor’s Drew Kelly. The tenant represented itself.
-The Gabriel Project leased an additional 684 square feet at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris. The tenant represented itself.
BENNER: While enjoying Super Bowl, remember Stan Malless
Stan was 97 when he passed. His name long ago slipped from the newspapers and local broadcasts. His monument was the Indianapolis Tennis Center.
City leaders determined to use global spotlight to build cachet
City leaders are working feverishly to maximize Indianapolis’ week in the Super Bowl spotlight, hoping to brand the Circle City in the minds of convention and leisure travelers as a place to return and spend hundreds of millions of dollars over the next decade.
Festivities draw record crowds downtown
Super Bowl Village’s opening weekend met local organizers’ expectations—and then some—drawing more than 205,000 visitors from Friday through Sunday.
STOSSEL: Pining for today’s champions of freedom
Alfred Kahn was a bureaucrat who, under President Carter, managed to kill off the Civil Aeronautics Board and Interstate Commerce Commission.