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Articles
Task force endorses regional taxes for mass transit
After 30 years of government
studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own
plan that includes commuter rail and toll lanes added to congested interstate highways.Construction
-Alt Construction has completed a 1,000-square-foot optometry office build-out at 755 W. Carmel Drive for Dr. Sam Ramschlag.
-Kort Builders has completed a 1,400-square-foot office at 6845 Bluff Road, Suite 26, for Christie Vision Care.
-Kort Builders has completed a 1,600-square-foot retail space for Solar Nail Salon in Nora Plaza, 1340 E. 86th Street, Suite 54.
-Kort Builders has started construction of a 4,000-square-foot retail space at 13971 Hamilton Town Center Blvd., Noblesville, that will house a Rue 21 retail store. The client is Simon Property Group.
National unemployment rate drops to 9.7 percent
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
Cincinnati investors buy apartment complex anchored by mansion
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.Construction
-Holladay Construction Group has completed a 15,000-square-foot tenant build-out for Gearhead Performance at 5225 Decatur
Blvd.-Alt Construction has completed a 7,800-square-foot industrial/office build-out for Universal Blower Pac
Inc. at 440 Park 32, West Drive, Noblesville.-Charles C. Brandt Construction Co. is remodeling the 6,500-square-foot
office of Gared Sports at 9200 E. 146th St., Noblesville. Gared is open during the project, which is scheduled to be completed
Feb. 26.-Alt Construction has completed a 1,600-square-foot build-out for The Game Preserve at Fashion Mall Commons,
8487 Union Chapel Road.
City of Greenwood might fund launch of insulin maker
Greenwood-based Zimmerman Biotechnologies LLC hopes to become the first company in the United States to make generic insulin,
a long-awaited development in diabetes treatment. The Greenwood Common Council on Feb. 1 will consider an $8.4 million deal
that would finance construction of an insulin factory, as well as help Zimmerman with FDA-approval and equipment expenses.HICKS: So far, federal stimulus plan isn’t stimulating
It has been roughly a year since the passage of the economic stimulus, formally the more harmonious American Recovery and
Reinvestment Act. This stimulus is a textbook example of what we economists call counter-cyclical fiscal policy.Precedent lands two big deals for Greenwood industrial park
Locally based The Precedent Cos. in recent months has landed build-to-suit deals for locally based Mays Chemical Co. and Elona
Biotechnologies Inc.MARCUS: A heavenly suggestion for economic recovery
The federal stimulus programs are based largely on borrowing, not on taxation.
Affordable-housing group goes on apartment-buying binge
Partners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last
18 months.EnerDel hopes to hire 1,100 at new manufacturing plant
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Clarian to resume construction at Riley Hospital for Children
It’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.Area hospital construction taking break after expensive binge
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient
clinics and surgery centers.Clarian to restart Riley project, reverse pay cuts
Clarian Health soon will restart work on a new tower at Riley Hospital for Children near downtown Indianapolis and
is set to lift other cost-saving restrictions.Leasing/leasing contracts
-Gearhead Street Customs leased 15,436 square feet at 5125 Decatur Blvd., Building F, in Ameriplex. The tenant was represented by Ryan C. Kelly of Summit Realty Group. The landlord, Holladay Properties, was represented by Brett Spitzer of NAI Olympia Partners.
-Phoenix Resource Management Inc. leased 9,160 square feet of office flex space in South Park Business Center, 164 South Park Blvd., Greenwood. The tenant was represented by Rick Suja of Summit Realty. The landlord, South Park Group LLC, was represented by Mark Dietel of Royal Companies Inc.
-Recognition Services Inc. leased 5,400 square feet at 8577-8579 Zionsville Road. The tenant was represented by Matt Jackson of Halakar Real Estate. The landlord, Prologis, represented itself.
-SCS Construction Services Inc. leased 3,088 square feet of office flex space in the South Park Business Center, 156 South Park Blvd., Greenwood. The landlord, South Park Group LLC, and tenant were represented by Mark Dietel of Royal Companies Inc.
-The Rezolve Group leased 2,060 square feet of office space at 8465 Keystone at the Crossing. The landlord, 8465 Keystone LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant represented itself.
-TAG LLC renewed its lease for 1,774 square feet at 8200 Haverstick Road. The landlord, Shepard & Poorman Investments LLP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-CBIZ Medical Management Professionals Inc. renewed its lease for 1,726 square feet at 2629 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.-Accessible Home Health Care LLC leased 1,402 square feet at 8465 Keystone at the Crossing. The landlord, 8465 Keystone LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant was represented by Andrew Follman of Meridian Real Estate.
-Thomas Pastore PC signed leased 1,098 square feet at 8604 Allisonville Road. The landlord, New Boston Castle Creek LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-Equalizer renewed its lease for 1,555 square feet at 8606 Allisonville Road. The landlord, New Boston Castle Creek II LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.Indy Racing League loses key cog in Tony Cotman
At a critical time for series, Indy Racing League VP of Competition Tony Cotman is leaving his full-time post with the open-wheel
circuit to start his own track design firm.Casino exec: Bridge closure costs jobs, state taxes
Officials say closing a key Lake County bridge serving casinos, a steel mill and other businesses is costing the state tax
revenues amid other financial losses.
