PORTAGE – AmeriPlex at the Port has broken ground on a 50,000-square-foot multi-tenant building to be called The Belmont. The building will be home to Silvent North America, Falk PLI and Holladay Properties. To date, 228 of 400 acres have been developed by Holladay and some $160 million in development. The Belmont was financed by […]
MISHAWAKA – Grubb & Ellis/Cressy & Everett has changed its name to Newmark Grubb Cressy & Everett. The company said an affiliation between the two firms began in 1998 when Cressy & Everett Commercial Co. entered into a partnership with Grubb & Ellis, which filed for bankruptcy in 2012. BGC Partners Inc. of New York
MISHAWAKA – Franciscan Alliance has announced it is putting its two Illinois hospitals up for sale. Eleven of Franciscan’s 13 hospitals are in Indiana. The two in Illinois – in Chicago Heights and Olympia Fields – recently underwent $300 million in improvements. An outside health consultant has been hired to help Franciscan through the process.
GARY – Lawanda Jones, director of quality at Methodist Hospitals, has been nominated by Al Faber, president and CEO of the Partnership for Excellence, to the Board of Examiners for the 2013 Awards Cycle. The awards are modeled after the Baldridge National Quality Award and represent the highest level of recognition for performance excellence and
MERRILLVILLE – Superior Construction Company Inc. was the unanimous choice for 2013 Contractor of the Year, the highest award given by the Northwest Indiana Business Roundtable (NWIBRT). The company accepted the honor at the annual Construction Awards Banquet, hosted by NWIBRT and the Construction Advancement Foundation (CAF) at Avalon Manor in Merrillville. The Contractor of
PORTAGE – Holladay Properties in Portage recently closed on the sale of the 73,000-square-foot Ashland Building at the Ameriplex at the Port. It originally was built for Sanofi-Adventis and is currently home to MonoSol Rx. The $6.1 million sale to Space Center Inc. closed in early May and was brokered by Mike Micka.
SOUTH BEND – 1st Source Bank has been ranked in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm. 1st Source was selected from among banks with assets between $100 million and $5 billion. According to Seifried & Brew, 1st Source “demonstrated exemplary performance of
MUNSTER – Citizens Financial Services, which operates Citizens Financial Bank, has been acquired by First Merchants Corp. of Muncie, Ind. Shareholders of Citizens will receive .65 shares of First Merchants common stock for each share of Citizens stock. The deal is worth $115 million. The merged operation will have assets of more than $5 billion
