SOUTH BEND – HREC Real Estate of Colorado has been hired to market the 25-story Chase Tower. The company has listed the purchase price of the building as $8.3 million. HREC was hired by Huntington National Bank, which is the court-appointed received for the building. The title to the building is held by Dillingham Hill […]
MERRILLVILLE – NiSource Inc., the parent company for Northern Indiana Public Service Co., reported a 5.8 percent increase in revenue last year. Earnings were $299.1 million, up from $282.6 million in 2010. CEO Robert Skaggs Jr. said he expects earnings to continue to climb in 2012. NiSource said it will increase its capital budget to
Best of Northwest Indiana Business voting is now officially closed and votes are being calculated. Winners will be notified starting this week including winners for Best of Greater South Bend/Michiana Business. Thanks everyone for your participation.
KENTLAND – Bonnell Aluminum, an extrusion plant, has announced it will close its Newton County operation this summer. The closing will put 146 people out of work. Bonnell is owned by Tredegar Corp. of Richmond, Va., which said the plant had been losing money for several years. Tedegar has owned the Kentland factory since 1973.
WEST LAFAYETTE – The recently created Center for Global Food Security at Purdue University has named Gary Burniske as managing director. Burniske was director of Mercy Corps in Bogota, Colombia, and will run the daily operations of the center at Discovery Park near the West Lafayette campus. He also announced the center had received grants
MUNSTER – Through several private donations, 10 women will be able to receive diagnostic mammograms at the Women’s Diagnostic Center. St. John resident Shelley DeYoung is a two-year cancer survivor and said her recovery was because of Community Hospital and the Women’s Diagnostic Center along with support from her employer, Illiana Heating and Air Conditioning.
VALPARAISO – Sherry Desrosiers has been named trust administrator in the personal asset management group at 1st Source Bank in Valparaiso. She has 20 years of experience and most recently was vice president and executive director of the St. Mary’s Foundation in Saginaw, Mich. Previously, she was market executive for Citizens Bank. Desrosiers is a
HOBART – Three new upscale businesses have announced plans to locate at Southlake Mall. Cooper’s Hawk Winery Restaurant will open in the summer in the former Ruby Tuesday location inside the mall. The restaurant will employ 125 people. The restaurant is based in Countryside, Ill. Akira Boutique will open this spring. The high-end fashion store
MISHAWAKA – Whole Foods of Austin, Texas, has announced it will open a store in the former Borders book store in Mishawaka. The store is expected to open in the fall and will employ 100 people. The company plans $5 million in renovations to the 24,000-square-foot building in the Princess City Plaza at Grape and
VALPARAISO – 1st Source Bank has donated $25,000 to the Valparaiso Family YMCA for its Promises Kept capital campaign. Bob Ax, 1st Source regional president, and Gloria McKown, 1st Source Valparaiso market manager, presented the donation to Bob Wanek, CEO of the YMCA, and Joe Ubben, a YMCA board member. “We appreciate the positive impact
