The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
Among the four eateries on the way, two are local ventures and two are chains.
At Blue Moon Cafe, the difficult-to-resist pastry case is right inside the front door.
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
Todd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds.
His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly
$295,000 in restitution.
Marion County Prosecutor Carl Brizzi has hired his former legal partner and personal attorney to field public records requests.
Locally based Collignon & Dietrick PC is responsible for review and production of Prosecutor’s Office e-mails, contracts,
case files and other documents requested by members of the media or public.
In a deposition aired during an estate hearing, Bren Simon described her stepchildren as spoiled, vicious and hurtful,
and
said they refused to accept her as family during 37 years of marriage to late mall billionaire Melvin Simon.
A bitter battle between the heirs of former Conseco Inc. executive Lawrence Inlow and the bank and attorneys overseeing his
estate will get a hearing Friday in Hamilton County Court
CNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been
on the market for five years. Its latest asking price was $9.9 million.
-The Kroger Co. leased 40,000 square feet at 254 S. Kitley. The tenant was represented by Stan Elser of Grubb
& Ellis Harding Dahm & Co. The landlord, Kitley AB Sydney LLC, represented itself.
-Ellis Enterprises LLC leased 10,000 square feet in the Raceway Industrial Park, 1305 W. 29th St., Anderson. The tenant and
the landlord, Tower Anderson, were represented by Thomas Willey of Mathewson Willey Realty Advisors.
-CG Café leased 6,700 square feet in the Pavilion at Bargersville, 50 N. State Road 135. The owner/landlord, J&E
Anderson, was represented by Shannon Hicks and Donna Hovey of CB Richard Ellis. The tenant
represented itself.
-Indiana Compensation Rating Bureau leased 4,300 square feet at 5920 Castleway West Drive. The tenant was represented by
Rick Trimpe of CB Richard Ellis. The landlord, BREOF Castleton Park REO, was represented by David
A. Moore and Darrin L. Boyd of Cassidy Turley.
-Financial Vision LLC leased 3,032 square feet of office space at 3500 Depauw Boulevard. The landlord, CP Pyramids Associates
LP, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented
itself.
-Castleton Orthodontics Inc. leased 2,895 square of office space at 8140 Knue Road. The tenant was represented by Mike
Napariu of REI Real Estate Services. The landlord, BREOF Castleton Park REO, was represented by David A.
Moore and Darrin L. Boyd of Cassidy Turley.
-Prevail Prosthetics & Orthotics Inc. leased 2,500 square feet of office space at 8345 Clearvista Place. The tenant was
represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, Good Host
LLC, was represented by Nick Arterburn of CB Richard Ellis.
-Simple Solutions Automation LLC leased 1,800 square feet of office space at 8847 Commerce Park Place. The landlord, Dhillon
Commerce Park LLC was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
The tenant represented itself.
-PT Nails leased 1,400 square feet in The Shoppes at Buck Creek, 6485 Bluff Road. The landlord, PK/FRG I LLC, was represented
by Shannon Hicks and Donna Hovey of CB Richard Ellis. The tenant represented itself.
-Tuchman Cleaners leased 1,200 square feet at Meijer Outlot Shops, 1424 W. Carmel Drive, Carmel. The tenant was represented
by Stan Evans of RSE Realty Inc. The landlord, Terre Carmel East LLC, was represented by Tom English
and Larry Davis of Sitehawk Retail Real Estate.
A Carmel family managed to escape their home safely after lightning struck the roof just before 3 a.m. Monday, causing a
fire. Eight children and six adults were asleep in the home on Washita Court near 146th Street and Hazel Dell Parkway after
celebrating a family reunion. After the lightening hit, one of the family members noticed flames coming from the ventilation
system and put them out with a fire extinguisher.
Transmission lines costing about $16 billion are needed to move wind energy into the electric grid. But the cost has sparked
a debate over who should pay for getting the power from where it is made to where it is consumed.
An Ohio father wanted in the death of his stepson is on the run after dropping off his son in Carmel. Zane Bedinger, 7, was
unharmed. Police say the boy was taken from Troy, Ohio, after his dad, Jeff Bedinger, killed his 22-year-old stepson, Zane’s
brother. Victim Brandon Haskins was shot multiple times. Police say Jeff Bedinger dropped his son off early Friday morning
at a friend's house in Carmel, about two hours away from Troy. Jeff Bedinger, 50, is believed to be armed and dangerous.
He was last seen in a silver Honda Accord with Ohio license plate EDT 6246. Fox59 will have more at 4 p.m.
The founder of an Indianapolis real estate firm is accused of preying on longtime friends to help a Miami man perpetrate a
$900 million Ponzi scheme. Sydney “Jack” Williams persuaded more than a dozen Indiana investors to lend millions
of dollars at high interest rates to a food brokerage firm called Capitol Investments USA Inc.
Actress and former Indiana Repertory Theatre staff member Megan McKinney has been hired to prepare for the three-year fundraising
initiative.
