Broadbent spins off construction business
Beleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan. 1.
Beleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan. 1.
One local developer emerged from bankruptcy and another fought off growing financial woes as the commercial real estate market remained challenging.
In the spring, Mayor Greg Ballard introduced a plan to sell the city’s water and sewer utilities to Citizens Energy Group, the public charitable trust that owns Citizens Gas. About six months later, he rolled out a deal to lease the city’s parking meters to a private operator.
-Kort Builders has started construction of a 4,820-square-foot retail space for Salon Salon at 5650 W. 86th St., Suite 120.
-Kort Builders has started construction of a 1,700-square-foot retail space for Trilogy Salon at 8691 River Crossing Blvd.
-Kort Builders has started construction of an 1,800-square-foot retail space for The Sewing Center at 105 South Raceway Road.
-The Marion County Election Board leased 40,750 square feet of retail space at 3737 E. Washington St. The tenant was represented by Wendy Michaels of Venture Real Estate Services. The landlord, Icahn Enterprise Holdings LP, was represented by Bob Lindgren and Rick Jones of Lee & Associates.
-All Tune and Lube Center leased 5,400 square feet at 7920 W. 10th St. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, Jim Crews, was represented by John Fox of Prime Site Brokers.
-Kindred Nursing Centers renewed its lease for 4,740 square feet of space at Woodland I, 8275 Allison Pointe Trail. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley. The tenant represented itself.
-LaSalle Street Securities extended and expanded its lease to 2,953 square feet at Woodland I, 8275 Allison Pointe Trail. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley. The tenant represented itself.
-Liberty Tax leased 2,500 square feet at 5329 N. Keystone Ave. The landlord, Brooks Investment Co., was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.
-Katie’s Professional Dog Grooming leased 2,400 square feet at 234 E. Main St., Plainfield. The landlord, BAO Enterprise, was represented by Jodi Milto of Midland Atlantic. The tenant represented itself.
-All Tune and Lube Center leased 2,000 square feet at 6340 Rockville Road. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, Shiloh Holdings LLC, represented itself.
-Titan Restaurant Group LLC, doing business as Donato’s Pizzeria, leased 2,000 square feet at Page Pointe, 435 Virginia Ave. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, Page Pointe Development LLC, was represented by Rob Odendahl of Page Development.
-PHI Air Medical Inc. leased 1,936 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Tim Craft of CB Richard Ellis. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd, and Bennett M. Williams of Cassidy Turley.
-D&M Continuous Solutions LLC leased 1,800 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-P&R Construction leased 1,800 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Li’s Garden leased 1,400 square feet at Wildcat Shops, 5650 S. Franklin Road. The tenant was represented by Karen Yan of Best Value Realty LLC. The landlord, MAP Franklin Road LLC, was represented by Jeff Hubley of Midland Atlantic.
The state's finance authority said Thursday that it reached a 30-year deal to buy synthetic natural gas from a coal-gasification plant planned for southern Indiana, marking the first time the state has entered into such a venture.
Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.
The Obama administration is taking $1.2 billion in high-speed rail money away from Ohio and Wisconsin and awarding it to 12 other states, Transportation Secretary Ray LaHood said Thursday.
Major infrastructure investment at the state and local level is a significant reason for optimism for the long-term competitive positioning for the city and state.
-Browning Construction has completed a 15,800-square-foot expansion for ACES Power Marketing in Mayflower Park, 4140 W. 99th St., Carmel.
-D.B. Klain Construction LLC has completed a 4,350-square-foot tenant build-out for Zeta Beta Tau at 10 Fortune Park, 3905 Vincennes Road, Suite 100.
-D.B. Klain Construction LLC has completed a 1,540-square foot tenant build-out for Dr. Federspill Dental at 9201 N. Meridian St.
-D.B. Klain Construction LLC has completed a 5,148-square-foot tenant build-out for IIGA at Lakeside, 8777 Purdue Road, Suite 360.
First in a month-long series of fine-feathered restaurant reviews. This week: Black Swan Brewpub.
Conner Prairie Interactive History Park will open a Civil War exhibit in June, hoping for a similar bump in membership and ticket sales as it got from its Balloon Voyage rides the past two years.
DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.
-Kort Builders has completed a 25,000-square-foot space for the Indiana Baseball Academy at 9760 Mayflower Park Drive, Carmel.
-Kort Builders has completed a 1,300-square-foot restaurant space for The Bakery at Geist at 8150 Oaklandon Road.
-Shamrock Builders-Commercial has started construction of a 3,000-square-foot office build-out for Morical's Castle Mortgage Corp. at 11501 Cumberland Drive, Fishers.
Minority-owned logistics firm s2f Worldwide, started a year ago with high-profile investors and tax incentives in tow, has been acquired by Brightpoint Inc. The deal closed about three weeks ago, said former s2f CEO Randall Lewis.
-Alt Construction has finished construction of a 4,408-square-foot Teddy’s Burger Joint at 2222 W. Southport Road.
-Alt Construction has finished construction of a 5,033-square-foot Jason’s Deli at 4026 E. 82nd St.
-Alt Construction has finished construction of a 3,750-square-foot Original Pancake House at Bridgewater Shoppes, 14631 North Gray Road, Noblesville.
-Alt Construction has been hired to build out a 12,000-square-foot space for Knowledge Services at 5875 Castle Creek Parkway. The project is scheduled to be completed next month.
Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.
The form an alliance would take is not clear, but Westview looked for additional resources from city’s four major hospital systems.