Menard ousts Hilbert from investment firm
Steve Hilbert has been ousted as CEO of Indianapolis-based MH Private Equity after a bitter battle with John Menard, the hardware store king who financed the $500 million private equity firm.
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FEIGENBAUM: General Assembly is Senate-centric this term
Cynics might suggest the General Assembly really hasn’t accomplished much since convening in January. While that’s a tad unfair, the session does seem unusual.
Ballard plans new redevelopment effort for Market Square site
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
Kite Realty is makeover artist for tired shopping centers
Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
Baldwin move a win for Lauth, a setback for downtown
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
Leases/leasing contracts
-Ice Miller renewed its lease for 127,883 square feet at OneAmerica Tower at Ohio and Illinois streets. The landlord, OneAmerica Financial Partners, was represented by Jon Owens and Russ Van Til of Cassidy Turley. The tenant represented itself.
-ABC Supply Co. leased 84,600 square feet at Shadeland Commerce Center, 2900 N. Shadeland Ave. The tenant was represented by Tom Cooler of CBRE. The landlord, First Industrial Realty Trust Inc., was represented by Brian Seitz, Steve Schwegman, Brian Buschuk and Jake Sturman of Jones Lang LaSalle.
-Xylem Water Solutions Indiana LLC renewed its lease for 17,850 square feet of industrial space at 7615 W. New York Street. The tenant was represented by Terry Busch of CBRE. The landlord, Hydraserve Properties Inc., was represented by Glenn Davis and Dannetta Hiatt of Colliers International.
-A Contact Electric Rentals leased 12,454 square feet of industrial space in Robbins Park, 8811 Robbins Road. The tenant was represented by Tiffany Inglert of Coldwell Banker. The landlord, Owens Development LLC, was represented by Bill Brennan of Lee & Associates.
-Reliable Oil Equipment Inc. leased 9,750 square feet of industrial space at Victory Business Park, 5460 Victory Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Victory Business Park Center, was represented by Debbie Mann of Mann Properties.
-Camptown Inc. leased 5,480 square feet of industrial space at 7998 Georgetown Road. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Kate Willen Ems of Duke Realty.
-Staples Contract & Commercial leased 4,568 square feet of office space at 8909 Purdue Road. The tenant was represented by Yumi Prater of Colliers International. The landlord, Wells Real Estate Funds, was represented by Andrew Martin and Mike Semler of Cassidy Turley.
-Wired Communications leased 2,400 square feet of industrial space at 8710 8768 E. 33rd St. The tenant was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Brian Buschuk of Jones Lang LaSalle.
-Winthrop Investment Group LLC leased 2,330 square feet of office space at 20 E. 91st St. The tenant was represented by Jay Gehl of Hokanson Cos. Inc. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Computer Aided Technology renewed its lease for 2,200 square feet of office space at The Precedent Office Park, 9225 Priority Way West Drive. The landlord, Pace-Keystone Associates LLC, was represented by Kim Hartman of Colliers International. The tenant represented itself.
-Menchie’s leased 1,459 square feet of retail space in Glendale Town Center, 6101 N. Keystone Ave. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, KRG Glendale LLC, was represented by Blake Beaver of Kite Realty Group.
-Phillip Eugene Holder and Josephine Holder leased 1,000 square feet of industrial space at 4180 N. Elmhurst Drive. The landlord, Carl Weedman Family Trust & Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-B B Miller Inc. renewed its lease for 902 square feet of office space at Hamilton Crossing, 12800 N. Meridian St., Carmel. The tenant was represented by Tom Osborne of Colliers International. The landlord, Duke Realty Limited Partnership, was represented by Adam Seger of Duke Realty.
Baldwin to move HQ to Carmel, add 133 jobs
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
KAR Auction Services announces secondary offering
KAR Auction Services Inc. said Monday that there will be a secondary offering of 13 million shares of its common stock.
Carmel auto-dealer lender plans to add 169 workers
Carmel-based NextGear Capital plans to add 169 jobs at a new office in Carmel, the company announced Monday morning.
Hospital systems forcing doctors to choose sides
The five-year trend of physician practices marrying up with hospitals has made it harder and harder for independent physician practices to spend time in more than one hospital system.
First Internet Bank leverages online roots
The Indianapolis-based bank, launched just 14 years ago, is reaching all-time highs in assets and profitability and plans to become a $1 billion institution by 2015.
Roundup: Greek’s, Napolese, The Melting Pot, LA Fitness
The latest retail roundup has something for everyone: Greek’s Pizzeria is coming to Carmel, Melting Pot has closed in Greenwood, and LA Fitness plans a new gym in Noblesville.
IU’s Assembly Hall could get new name if price is right
Naming rights deal for 42-year-old IU basketball venue could score the school $2 million a year, sports marketers said. IU Athletics Director Fred Glass says re-naming the facility is not out of the question.
Carmel tech firm plans to expand, add 36 jobs
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
BRAINARD: Longevity in office would help Ballard finish projects
Why would the mayor of Carmel be weighing in on who runs for mayor of Indianapolis? It is because we are sincere when we talk about regionalism and how we work best when we work together.
Indiana Senate OKs business agency disclosure bill
Senators voted 49-1 Tuesday in favor of requiring the Indiana Economic Development Corp. to prepare an annual public report on tax incentives provided to businesses and the number of jobs created by their projects.
Carmel suffers rare bank robbery
Detectives are searching for two armed men who robbed an Ameriana Bank branch in Carmel. Witnesses said the men wore ski masks and showed them handguns when they entered the branch at 3975 W. 106th St. at 10:45 a.m. Monday. The pair got away on foot with an undisclosed amount of cash. Police says it’s the first bank robbery in Carmel since 2010.
Carmel family members accused of securities fraud
The Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors in a scheme to sell ownership interests in rental properties.