Legislature OKs new Fishers food-and-drink tax
Fishers has state lawmakers’ permission to impose a 1-percent food-and-beverage tax, but local leaders aren’t rushing into anything.
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Indiana ISTEP testing to resume, but at half the test load
Required standardized tests for Indiana students will resume Wednesday after two days of computer glitches, but state officials asked schools to cut their normal test loads by half to avoid more problems.
Schools face ISTEP+ problems for 2nd straight day
School districts trying to administer Indiana’s required standardized test encountered new problems Tuesday that forced the state to suspend testing for a second straight day. The problems brought a hailstorm of complaints.
Carmel’s Kitchen aims to attract foodpreneurs
The Carmel Farmers Market’s Salsa Queen already is preparing for opening day, but this year Barbara Carter has the luxury of slicing and dicing in her own commercial kitchen.
Glitches halt online ISTEP testing for Indiana schools
School districts across the state suspended the first day of ISTEP+ online testing Monday because of computer issues. IPS is reporting more problems Tuesday.
Developers finish first project, shift focus to downtown deal
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building’s tenant.
Another breakfast concept coming to Indianapolis area
The Egg & I joins national chains such as Another Broken Egg and First Watch that have found the Indianapolis area to be an attractive breakfast market.
Local racing team on verge of calling it quits after 500
Carmel-based Panther/Dreyer & Reinbold Racing, a company that was in expansion mode as little as two years ago, plans to close shop after the Indy 500 if it can’t find a new sponsor.
Startup aims to take on ’11th commandment’
Carmel tech firm owner Ron Brumbarger grows his own talent, and now he wants to help other businesses do the same.
Shares of Angie’s List, ITT skyrocket after reports
In the heart of a mediocre earnings season for public companies, Indianapolis-based firms Angie’s List and ITT Educational Services on Thursday shot to the top of the stock ticker.
Sinking enrollment still a drag on ITT Educational
Profit and revenue fell dramatically in the first quarter as students continued to steer away from the Carmel company, one of the country's largest for-profit colleges.
CNO sees smaller profit after paying off debt
CNO Financial Group Inc. posted much lower earnings in the first quarter after suffering a $57.2 million loss in the period on the extinguishment of debt.
WTHR exec accused of discrimination lands new gig
WTHR’s John Cardenas, who was recently accused of sexual discrimination by his former executive assistant, has been named vice president of news for Dispatch Broadcast Group, the station’s parent company.
Roundup: Two new offerings coming to Castleton mall
Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made its Indianapolis debut just last year. Also, the yogurt craze continues.
Pacers post solid attendance gains in regular season
Despite the negative noise this year about Pacers home attendance, the team had its second consecutive season increase. Revenue from tickets and sponsorships also rose.
Leases/leasing contracts
-Jones Lang LaSalle has been named exclusive leasing agent for Coastal Commerce Center, a 590,000-square-foot warehouse facility at 6550 E. 30th St.
JLL's Jake Sturman and Steve Schwegman will direct marketing and leasing for owner Coastal Partners LLC.-Purina Animal Nutrition LLC leased 47,810 square feet of industrial space at 1700 Industries Road. The landlord, Coca-Cola Refreshments USA Inc., was represented by Dustin Looper of Colliers International. The tenant represented itself.
-Regus leased 14,236 square feet at Crosspoint Plaza One, 10475 Crosspoint Blvd. The tenant was represented by Nick Arterburn of CBRE. The landlord, Lexington Crosspoint LP, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Hino Oishi Hibachi & Sushi leased 5,000 square feet of retail space in Maplecrest Commons, 10491 Walnut Creek Drive, Carmel. The tenant was represented by Jamison Downs of Veritas Realty. The landlord, Maplecrest Commons LLC, was represented by Liz Yoho of Providence Development LLC.
-Egg and I leased 4,200 square feet at Merchants Pointe, 2271 Pointe Parkway, Carmel. The tenant and landlord, Cranfill Development Corp, were represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Critical Skills dba Cspring leased 3,466 square feet at 150 W. Market St. The tenant was represented by Peter Pizarro of F.C. Tucker Co. Inc. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Entap Inc. leased 3,225 square feet at 150 W. Market St. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Rose Foot Spa leased 2,400 square feet of retail space in Fishers Crossing, 7248 Fishers Crossing Drive, Fishers. The tenant was represented by Karen Yan of Best Value Realty. The landlord, Viking Partners Fishers LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty.
-Automobile Dealers Association of Indiana renewed its lease for 2,330 square feet at 150 W. Market St. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
-Bollinger Lach & Associates leased 1,928 square feet at Castle Creek III, 8720 Castle Creek Parkway. The landlord, ORIX USA Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
-Yummy Yogurt Indy dba Orange Leaf leased 1,649 square feet of retail space at Valley Ridge Shops, 5220 E. Southport Road. The tenant was represented by Beth Patterson of Colliers International. The landlord, Valley Ridge Shops LLC, was represented by Jacqueline Haynes of Cassidy Turley.
-Capitol Assets renewed its lease for 1,521 square feet at 150 W. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Fannie May Fine Chocolates leased 1,440 square feet of retail space at 8270 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, Glendale Partners of North by Northeast II LLC, was represented by Kyle Hughes and Paul Rogozinski of Veritas Realty.
Banks scale back real estate needs as transactions shift online
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
Race for the Cure participation declines again
This year's Komen Race for the Cure in Indianapolis fell to 21,380 participants—a 22-percent drop from a year ago—a top organizer said.
Woodhouse Day Spa adding locations in Zionsville, Fishers
Local franchise owners Terri and Dan Smith acquired two Villaggio Day Spas and plan to reopen them under the Woodhouse name following renovations.