Merrillville-based bank targets Carmel
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
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Articles
Analyst: Feds’ new rule may not sink ITT Educational, peers
Shares of for-profit education companies—including Carmel-based ITT Educational Services Inc.—ended higher on Tuesday as a William Blair analyst said a long-awaited federal "gainful employment" rule likely won't hurt vocational school chains as much as investors think.
Sales/acquisitions
-Wood 96th RE LLC bought two office buildings totaling 34,000 square feet at 3510 and 3520 E. 96th St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Buckingham Cos., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Electro Reps Inc. bought a 3,500-square-foot office building at 220 N. Rangeline Road, Carmel. The price wasn’t disclosed. The buyer was represented by Brian Fitzgerald of Citimark Management Company Inc. and Matt Carlstedt of Citimark Realty Partners. The seller, JBS Holding LLC, was represented by Peter Pizarro of F.C. Tucker Co.
Construction
-Kort Builders has completed an 1,800-square-foot retail space for The Sewing Center at 105 S. Raceway Road.
-Kort Builders has completed a 2,800-square-foot restaurant space for Boondogglers at 65 Boone Village, Zionsville.
-Kort Builders has completed a 2,400-square-foot retail space for Sharkey’s Cuts for Kids at 12525 Old Meridian St., Carmel.
EDITORIAL: Nordstrom loss not death knell for downtown
The news that Nordstrom Inc. will close its Circle Centre mall store July 31 is proof that the suburbs still rule where retail is concerned, but it shouldn’t signal a repeat of the gradual decline downtown suffered when merchants began leaving the city’s core in the 1950s.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
Legal bills make it tough for City Market to become self-sustaining
The city’s mounting legal bills to cover lawsuits involving Indianapolis City Market are adding to the taxpayer cost of subsidizing the venue and making it tougher for the market to become self-sufficient.
Rise of machines bodes well for tech firm Mesh Systems
The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
CEOs see stock windfall after market crash
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
Total pay for executives surged in 2010
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
Leases/leasing contracts
-BGBC Partners LLP leased 15,783 square feet of office space at 300 N. Meridian St. The tenant was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group. The landlord, REI Real Estate Services LLC, was represented by Mike Napariu of REI Investments.
-Kirkland’s leased 8,482 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road.The tenant was represented by Roland Mackie of RightSite. The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Cantrell Strenski & Mehringer LLP leased 8,405 square feet of office space at 150 W. Market St. The tenant was represented by George Dury of Dury Investment Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Bensussen Deutsch & Associates leased 4,271 square feet of office space at 32 E. Washington St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Indiana Symphony Society Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Imagine Hope Counseling Group LLC leased 3,233 square feet of office space at 3105 E. 98th St. The tenant was represented by Brian Askins of UGL Equis. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-TOC Logistics leased 3,192 square feet of office space at 2629 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.-American Academy of Osteopathy leased 2,955 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Pediatric Nursing Specialists leased 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-VEAPS Inc. leased 2,362 square feet of office space at 6535 E. 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Zoup! leased 2,332 square feet at Meijer Outlot Shops, 1430 W. Carmel Drive, Carmel. The tenant was represented by Robyn Smart of CB Richard Ellis.
The landlord, Terre Carmel East LLC, was represented by Larry Davis and Thomas English of Sitehawk Retail Real Estate.-Hull & Associates leased 1,982 square feet of office space at 6435 Castleway West Dr. The tenant was represented by Dustin McFarland of Mohr Partners. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Rapid Logistics leased 1,232 square feet of office space at 2611 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
LOU’S VIEWS: Performing arts summer preview
Summer is no longer a time when an Indy A&E lover has to put aesthetics and adventurousness on hold.
Real estate deals picking up around Fashion Mall
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.
Who’s Who in Life Sciences – 2011
In a monthly feature that runs in the first issue of the month, through October, IBJ is identifying influential players in eight different industry categories. Formidable brainpower sums up the individuals included in our list of Who’s Who in Life Sciences.
Carmel family law attorney dies
Well-known Carmel attorney Stephenie Jocham, who founded family law firm Jocham Harden Dimick Jackson in 2008, died Thursday at age 42 after a two-year battle with cancer. Jocham co-founded the Central Indiana Association of Collaborative Professionals, a not-for-profit that promotes collaborative law in Indiana.
LendingTree.com office with 64 employees closing in Carmel
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64 employees their jobs.
Carmel hotel evacuated by fire
A fire forced the evacuation of the Four Points by Sheraton hotel in Carmel shortly before midnight on Sunday. About 60 of the 171 rooms at the hotel at 251 Pennsylvania Parkway were occupied at the time of the blaze, which started when a curtain caught on fire on the fifth floor. The guests were taken to other hotels early Monday morning due to smoke and water damage.
Net Literacy teaches Internet skills to those in need
Teen's brainstorm results in internationally recognized not-for-profit that promotes computer literacy and safety, including programs for financial literacy and computer repurposing for donation to Indianapolis areas in need of the technology.