Kokomo Tribune; Kokomo, Indiana

State News

March 21, 2014

New owner taking over South Bend's tallest tower

SOUTH BEND (AP) — Repairs to resolve a growing list of troubles with South Bend's tallest building could soon be starting now that it is emerging from more than three years in receivership.

New York-based Washington Square Realty bought the 25-story Chase Tower at a sheriff's sale on Thursday for $4.5 million.

The downtown building has faced problems such as balky elevators and an outdated heating and cooling system, along with stone falling from its facade and crumbling concrete that's exposing rusty steel rebar in the parking garage, the South Bend Tribune reported. The tower houses a hotel and offices, but is about half empty.

Andrew Nemeth, a real estate broker and consultant who will manage Chase Tower, said he couldn't disclose how much Washington Square planned to spend on the building but that the new owners were committed to the task.

"First order of business, I expect will be, addressing the elevators and the parking garage. I know that we're working on bids for all those items," Nemeth told WNDU-TV.

Michael Hardy, a lawyer for the court-appointed receiver, said a court motion would be filed within days to end the receivership. Washington Square bought the $7.5 million debt attached to Chase Tower's bank note a year ago.

The building went to the St. Joseph County sheriff's sale after a developer's plan to buy and overhaul the building fell through.

Nemeth, who has offices in the tower, said he was looking forward to the renovation work.

"Myself with all the other tenants, we've been putting up with a lot of heartache and problems and issues but I think that before too long here we can turn things around and be happy about it again," he said.

1
Text Only | Photo Reprints
State News
  • Evansville councilwoman won't be prosecuted over recording EVANSVILLE (AP) — The head of Indiana's State Board of Accounts says he will limit the participation of local officials in reviewing audits reports after a prosecutor's decision that an Evansville city councilwoman didn't break the law by secretly re

    July 31, 2014

  • Man sentenced for 2003 Indiana bank shootout INDIANAPOLIS (AP) — A federal judge has ordered a 35-year prison sentence for a man convicted of shooting at a central Indiana police officer during a 2003 bank robbery. The sentence against 46-year-old Pascal Sylla comes after a jury convicted him i

    July 31, 2014

  • Teen charged in slaying of mom found dead in trunk GARY (AP) — A 17-year-old girl has been charged with murder in the death of her mother whose body was found in her car's trunk in a wooded area of Gary a few weeks ago. The charges filed by Lake County prosecutors on Wednesday follow the July 11 arre

    July 31, 2014

  • Settlement erases debt for 261 Indiana military members INDIANAPOLIS (AP) — Attorney General Greg Zoeller says a new settlement will erase $1.5 million of bad debt for 261 military members from Indiana. Zoeller and attorneys general from 12 other states filed suit against the lender Rome Finance. They acc

    July 30, 2014

  • Cass Co. tire collection effort still going strong

    The Cass County Solid Waste District extended the county-wide tire collection program Monday for the next few weeks — or until the new semi-trailer is full at least.

    July 30, 2014

  • Board approves gravel pit in Walton

    Homeowners in the area of a proposed gravel pit and other interested Cass County residents packed the commissioners hearing room Monday night to voice their concerns over the pit that local firm Engineering Aggregates Corp. wants to dig, only to have their voices overruled.

    July 30, 2014

  • Gay marriage supporters defend court ruling INDIANAPOLIS (AP) — Attorneys trying to defend a federal ruling overturning Indiana's gay-marriage ban argue that marriage is more than just a state regulation — it's a fundamental right. Attorneys for several same-sex couples who successfully chall

    July 29, 2014

  • Three-drink limit for beer, wine at Indiana Fair INDIANAPOLIS (AP) — Strict limits will be in place when the Indiana State Fair sells alcoholic drinks for the first since 1946 when its 17-day run begins Friday. The fair says customers will be limited to three beers or three glasses of wine apiece.

    July 29, 2014

  • Motorcycle doing wheelie dies in Fort Wayne crash FORT WAYNE, Ind. (AP) — Fort Wayne police say a speeding motorcyclist doing a wheelie has died in a fiery crash with a pickup truck. Police say the truck was turning left into the path of the motorcycle when the smaller vehicle struck the truck's fu

    July 29, 2014

  • Arrest made in slaying of woman found in field GREENFIELD (AP) — An Indianapolis woman has been charged with murder in the fatal shooting of a woman found dead last week along a central Indiana road. Twenty-seven-year-old Amanda Gonzalez was formally charged Monday with murder and assisting a cri

    July 29, 2014

Latest news
Featured Ads
Only on our website
AP Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller