Contributing editor

Harton joined IBJ in 1984, fresh out of Indiana University’s School of Journalism. He covered banking, real estate and the business of sports before becoming associate editor in 1988. He became managing editor the following year and editor in 1990, serving in that position until 2013. Over the years, Harton’s short stories about Indianapolis real estate have been published in The New York Times and he has won statewide and national awards for his IBJ editorials and columns. Harton is also a freelance writer and is active in several community organizations.

Articles

Industrial market shows strength but faces challenges

Stronger leasing activity in the first half of 2010 provided some optimism that the local industrial-space market is recovering from a down year in 2009. But brokers remain cautious about how the year will come in thanks to several big lease expirations that will dump space on the market in the second half. About 2.5 […]

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Leasing/leasing contracts

-Indiana Math and Science Academy North leased 37,000 square feet at 7435 N. Keystone Ave. The tenant and landlord, ELEF Inc., were represented by Antone Najem of Pittman Real Estate Services LLC.

-Tuesday Morning renewed its lease for 15,034 square feet at Crooked Creek Center, 7840 Michigan Road. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Crooked Creek Center, was represented by Lee White of CB Richard Ellis.

-Northwestern Mutual Life Insurance Co. leased 9,836 square feet of office space at Four Parkwood Crossing, 500 E. 96th St. The tenant was represented by Tom Osborne and Matt Moore of Colliers International. The landlord, Duke Realty, represented itself.

-Citon Insurance leased 5,756 square feet of office space at 450 E. 96th St. The tenant was represented by Dustin Looper and Yumi Prater of Colliers International. The landlord, Duke Realty, represented itself.

-Apria Healthcare leased 5,400 square feet of flex space at 8446 Moller Road. The tenant was represented by Dustin Looper of Colliers International. The landlord, Duke Realty, represented itself.

-Duratech and Fast Track Technologies leased 4,000 square feet at 598 W. Carmel Drive, Carmel. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, John Kirby, represented himself.

-Pizza King renewed its lease for 3,350 square feet at Harbourtown Shoppe’s at Morse Lake, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Church Mutual Insurance. renewed its lease for 2,177 square feet at 2647 Waterfront Parkway East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.   

-Olympus Media renewed its lease for 1,758 square feet at 8604 Allisonville Road. The tenant was represented by Mike Corr  of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.

-Sport Clips leased 1,600 square feet at Plainfield Commons II, Plainfield. The tenant was represented by Jeff Hubley at Midland Atlantic.  The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development.

-The Gabriel Project Inc. leased 466 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg  of Echelon Realty Advisors. The tenant represented itself.

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Housing

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 4.4  percent for the week ended July 23, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.69 percent from 4.59 percent the previous week. The rate for 15-year mortgages increased to 4.12 percent from 4.05 percent.

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Construction

-Browning Construction has broken ground on a 60,174-square-foot diagnosis, education, treatment and surgery center for Indiana Spine Group at 13225 N. Meridian St. The project is scheduled to be completed in September 2011.  

-Shamrock Builders-Commercial has completed construction of a 6,154-square-foot dental office for Daniel S. Martin at 1000 W. Jefferson St., Franklin.
 
-Shamrock Builders-Commercial has completed a 2,125-squhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21452#are-foot tenant build-out for Synapse Neuromonitoring at East 10th Street and Mitthoeffer Road.

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Sales & acquisitions

-Coopers Hawk Winery bought the former Bahama Breeze restaurant at 3815 E. 96th St. The price wasn’t disclosed. The buyer was represented by Keith Isselhardt of Sierra Retail Advisors. The seller, Darden Restaurants, was represented by Steve Delaney of Sitehawk Retail Real Estate.

-Dhillon & Athwal bought a 9,829-square-foot retail/flex building at 4401 E. Washington St. The price wasn’t disclosed. The buyer and seller, Thomas Metzger, were represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.

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Fort Ben home, condos headed to auction

The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.

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