State employers add 12,000 jobs, but jobless rate stays flat
Indiana added 12,000 private-sector jobs in December, but the state’s unemployment rate held steady at 9 percent as a huge wave of Hoosiers entered the labor force.
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Leases/leasing contracts
-Sterling Electric Inc. leased 70,400 square feet of industrial space at 7973 Allison Ave. The tenant was represented by Sean McHale of Colliers International. The landlord, Prologis, was represented by Elizabeth Kavchak of ProLogis.
-Phoenix Material Management extended and expanded its lease and will now occupy 70,400 square feet of industrial space at Plainfield Industrial Park, 923 Whitaker Road, Plainfield. The tenant was represented by Rick Suja of Colliers International. The landlord, KPIV 923 Whitaker Road LP, was represented by Luke Wessel of Cassidy Turley.
-Forward Air Inc. leased 38,250 square feet of industrial space at 2363 Perry Road, Plainfield. The tenant was represented by Michael Bauer of Fischer & Co. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-GVS Filter Technology renewed its lease of 17,600 square feet of industrial space at 5303-5373 W. 79th St. The tenant was represented by Michael Weishaar of Cassidy Turley.The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-Rocket Epicurean Ventures LLC leased 9,325 square feet of industrial space off at 602 N. Park Ave. The landlord, Tway Properties LLC, was represented by D. Bryan Weese of Bingham McHale LLP. The tenant represented itself.
-Williamson Auto Body leased 7,301 square feet of retail space in Esquire Plaza, 8347 Pendleton Pike. The landlord, Sandor Development, was represented by Sandor’s Jeff Roberts. The tenant represented itself.
-Bycan-Sellen Associates leased an additional 6,400 square feet of industrial space at 7998 Centerpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Schmidt Mortgage leased 3,415 square feet in Hamilton Crossing III, 12800 N. Meridian St., Carmel. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-PolicyStat leased 3,026 square feet in Hamilton Crossing III, 12800 N. Meridian St., Carmel. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, Duke Realty, was represented by Duke’s Adam Seger.
-Indy X Fitness leased 2,570 square feet of retail space in The Pointe, 1259 N. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, Sun Greenwood LLC, was represented by Cathy Richards and Jim Karozos of Lee & Associates.
-3D Recreation leased 2,444 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates
-Paradise Tanning leased 2,170 square feet of retail space in Ashley Crossing, 733C Lowes Blvd., Greenwood. The landlord, Sandor Development, was represented by Sandor’s Jeff Roberts. The tenant represented itself.
-Diva Nails leased 1,530 square feet of retail space in Honey Creek Plaza, 5346 W. 38th St. The landlord, Sandor Development, was represented by Sandor’s Drew Kelly. The tenant represented itself.
-The Gabriel Project leased an additional 684 square feet at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris. The tenant represented itself.
Court sets repayment schedule for United Financial Systems
The Indiana Supreme Court handed down an order that sets out a repayment schedule for the $2.4 million that United Financial Systems Corp. still owes its former customers.
Judge delays fines for boycotting Indiana Democrats
Indiana House Democrats got a boost Thursday when a judge temporarily blocked the collection of $1,000-a-day fines imposed on them for their legislative boycott over the contentious right-to-work bill, and their leader said they might return to the House chamber Friday to vote.
Hoosier Environmental Council monitoring three bills in General Assembly
The state’s largest green group is seeking changes to measures it says could strip funding and oversight for environmental protection.
PROXY CORNER: Cardinal Ethanol LLC
Cardinal Ethanol LLC is based in Union City and operates an ethanol plant near that eastern Indiana city.
KIM: Investors should discard herd mentality and go for it
Don’t let conventional decision-making reduce your chances of winning the investment “game.”
LADWIG: When government answers look good …
It completed the tunnels but didn’t have the money for the trains.
Leases/leasing contracts
-KYB America LLC leased 153,748 square feet of industrial space at Southpoint Building 1850 N. Graham Road, Greenwood. The tenant was represented by Sean McHale and Mark Bell of Colliers International. The landlord, IDI, was represented by Jeremy Woods of Summit Realty.
-Sky Zone Indoor Trampoline Park leased 25,066 square feet of industrial space at Fishers Ridge Business Park, 10080 E. 121st St., Fishers. The tenant was represented by Sean McHale of Colliers International. The landlord, McNulty Group, represented itself.
-Enertouch Inc. leased 12,200 square feet of industrial space at Park 100, Building 111, 7168 Lakeview Parkway Drive. The tenant was represented by Bob Dominguez of Colliers International. The landlord, Dugan Financing LLC, was represented by Kate Willen of Duke Realty.
-Dollar Tree renewed its lease for 7,295 square feet of retail space in Norgate Plaza, 7225 N. Keystone Ave., Suite D. The tenant and landlord, Sandor Development, represented themselves.
-Ay Caramba leased 3,280 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite P. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Kiwi-Tek leased 2,863 square feet at 8900 Keystone Crossing. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-SHI International Corp. leased 2,185 square feet at 8900 Keystone Crossing. The tenant was represented by Denice Michael of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Redwing Shoes renewed its lease for 1,820 square feet of retail space in East 40 Plaza, 8524 E. Washington St. The tenant and landlord, Sandor Development, represented themselves.
-Yo Paradise leased 1,600 square feet of retail space in North by Northeast at 7810 E. 96th St., Fishers. The tenant and landlord, NNE Associates LLC, were represented by Robyn Smart of Lee & Associates.
-Spartan Staffing leased 1,500 square feet of retail space in Lebanon Crossing, 1375 Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Robyn Smart of Lee & Associates. The tenant represented itself.
-Wok N Roll leased 1,200 square feet at Riverplace Center, 180 W Logan St., Noblesville. The landlord, Inland Real Estate LBI LLC, was represented by John Baker and Larry Davis of Sitehawk Retail Real Estate. The tenant represented itself.
-Boost Mobile leased 1,249 square feet of retail space at 7063 N. Michigan Road. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Car Care renewed its lease for 1,100 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.
Indianapolis-area home sales close year on the rise
Home-sale agreements increased 7.9 percent in the nine-county Indianapolis area in December, helping the region eke out an annual gain of less than 1 percent.
Indiana Dems: Voters should decide right-to-work
House Democrats say they’ll continue stall tactics at the General Assembly unless they get a referendum to decide whether Indiana will become a right-to-work state.
Indiana House schedules initial right-to-work vote
Indiana's House of Representatives has scheduled its first vote on divisive right-to-work legislation that has prompted stall tactics by Democrats through the first week of the 2012 legislative session.
Indiana Supreme Court will hear IBM case
The Indiana Supreme Court will decide whether Gov. Mitch Daniels must appear for a deposition and testify in an ongoing lawsuit challenging the cancelled IBM contract to modernize the state’s welfare system.
Texas remains college football’s financial No. 1
While Alabama topped LSU for the BCS national football championship, the Longhorns have been crowned financial kings among college football's elite teams. Tide is No. 6 financially and LSU is No. 8, according to a new study.
Indiana House panel advances right-to-work bill
A panel of Indiana lawmakers voted along party lines to move divisive right-to-work legislation to the full House of Representatives. It could pass the House by the end of the week if Democrats continue to attend sessions.
State legislators advance right-to-work bill
A Republican-dominated Indiana Senate committee on Friday endorsed a labor bill that has prompted a two-day standstill in the Indiana House.
Ethanol makers shrug off expiration of key tax credit
It looks like motorists, not ethanol makers, stand to feel the pain of a federal tax credit that expired at the end of last year.
Edible Arrangements franchisee opens third location
Retha Parsley owns three franchises for Edible Arrangements, a fruit-bouquet-delivery business, including a new downtown location that also sells in-store dipped fruit, fruit smoothies and fruit parfaits.