Conseco wins dismissal of GM Building lawsuit
A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.
A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.
Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
Carmel-based Midwest Independent Transmission System Operator said it would continue to scout for sites in the Indianapolis
area.
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania
streets in Indianapolis cleared its final hurdle Monday.
-Jones Lang LaSalle has been named exclusive leasing and managing agent for Chase Tower, 111 Monument Circle. John Robinson and Adam Broderick of Jones Lang LaSalle will be in charge of leasing the 1.1-million-square-foot, two-building property, which is 99 percent leased. Jeff Reynolds, who has managed Chase Tower for six years, will retain that role and will become an employee of Jones Lang LaSalle, which will open an office in Chase Tower. The property is owned by Macquarie Office Trust.
-Aurora Bank leased 33,000 square feet of space in Castleton Park, 5920 Castleway West Drive, for a call center. Dan O’Neil, John Robinson and Julie Kilpatrick of Jones Lang LaSalle represented the tenant. The landlord/owner BREOF Castleton Park LLC, was represented by Dave Moore of Colliers Turley Martin Tucker.
-The Marion County Democratic Party leased 3,000 square feet of office space at 148 E. Market St. Rebecca Baer of Summit Realty represented the tenant. The landlord, Center Township Investments LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
-Astbury Environmental Engineering Inc. leased 10,000 square feet at 5755 W. 74th St. Ashley Bussell of Halakar Real Estate represented the tenant. The owner/landlord, Duke Realty, was represented by Kate Willen of Duke.
-MSP Seals Inc. leased 10,495 square feet at the Mount Comfort Commercial Park, 6169 W. Stoner Drive. The landlord/owner, Precedent Commercial Development, was represented by Larry Siegler of Precedent. The tenant represented itself.
-Innovative Therapy Solutions leased 12,400 square feet at the Mount Comfort Commercial Park, 6169 W. Stoner Drive. The landlord/owner, Precedent Commercial Development, was represented by Larry Siegler of Precedent. The tenant represented itself.
-Auctor Corp. leased 6,137 square feet at The Precedent Office Park, 9225 Priority Way West Drive. The landlord/owner, The Precedent LLC, was represented by Darrell Pike of Precedent Real Estate Services LLC. The tenant represented itself.
-Wells Fargo Advisors leased 4,724 square feet at National City Center. The tenant, which is relocating from Pan Am Plaza, was represented by Bill Ehret and Katie Gray of Summit Realty Group. The landlord, REIT Management & Research, was represented by John Vandenbark of CB Richard Ellis.
-Caren Pollack PC leased 2,912 square feet at Three Meridian Plaza, 10333 N. Meridian St., Carmel. Spero Pulos of Grubb & Ellis Harding Dahm & Co. represented the tenant. Dan Richardson and John Vandenbark of CB Richard Ellis represented the landlord, ARI Commercial Properties.
A new report by the Indiana Education Employment Relations Board endorses a raise for Carmel Clay teachers aimed at resolving
a contract dispute between the teachers union and the school corporation. Carmel teachers have been working without a contract
for more than a year and a half. The recommendations include a 1-percent raise during the first year of a three-year contract,
followed by a 1-percent raise each following year. Fox59 will have more at 4 p.m.
The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.
Attorney Tom McKenna of Carmel on Tuesday started a three-day series of appearances across the state to kick off his campaign.
An Indianapolis man is behind bars after a cocaine bust near a popular Carmel shopping mall. The Hamilton-Boone County Drug
Task Force arrested 27-year-old Jaime Agustin. They say he was selling cocaine near Clay Terrace. The drug task force said
18 grams of the drug were confiscated during a three-month investigation.
The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
Even in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
Indiana ranked No. 35—unchanged from last year—on UnitedHealth Foundation’s annual state-by-state ranking of overall public health. While Indiana ranks higher than it did three years ago, the state actually fell five places since UnitedHealth started compiling the ranking in 1990. Since then, obesity in Indiana has surged 130 percent while smoking rates have been stuck for a decade at 26 percent. UnitedHealth’s report says Indiana has good rates of health insurance coverage and does a good job of limiting infectious diseases. But the state suffers from poor air quality and very low public-health funding. The UnitedHealth Foundation is an arm of Minnesota-based health insurer UnitedHealth Group.
Researchers at Purdue University have shown how an experimental drug might restore the function of nerves damaged in spinal-cord injuries and could also treat multiple sclerosis. The experimental compound, 4-aminopyridine-3-methyl hydroxide, has been shown to restore function to damaged axons—slender fibers that extend from nerve cells and transmit electrical impulses in the spinal cord. The researchers’ findings, based on experiments with guinea pig spinal-cord tissue, appeared online Nov. 18 in the Journal of Neurophysiology.
Dr. John Hayes, vice president of Eli Lilly and Co.’s research laboratories and the company’s neuroscience branding leader, will deliver a keynote speech on the possibilities for neuroscience development in Indiana as part of the Neuroscience Summit organization by the Indiana Health Industry Forum. The summit will occur Dec. 4 at University Place Conference Center at IUPUI.
The merged operations of Carmel-based BehaviorCorp and Anderson-based Center for Mental Health will adopt the name Aspire Indiana Behavioral Health System on Jan. 1. The new organization has more than 400 mental health professionals and supporting staff members. Aspire Indiana will serve primarily patients in Madison, Hamilton, Boone and northern Marion counties.
The new concert hall that is the centerpiece of a $150 million arts center in suburban Indianapolis will open a few months
later than expected after work was suspended over the summer because of roof problems.
Retail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.