Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
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Articles
Mass transit opponent pitches wider roads
A leading opponent of the plan for regional mass transit is floating an alternative that calls for widening north-south commuter corridors like Martin Luther King Jr. Street, Capitol Avenue and College Avenue.
RUSTHOVEN: This is post-racial America?
The final days of June made me wonder if we’re ever going to get past race.
Ingersoll-Rand’s spin-off plan may give boost to area
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
Dispute over vehicle ‘spy’ device patent flashes into court
A Carmel company that markets a device which plugs into a car’s diagnostic port to monitor the vehicle's performance has filed a patent-infringement lawsuit against a better-known competitor.
Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
CNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
Friday fun: Free concerts
You can’t swing a dead squirrel north of 96th Street these days without hitting a cooler-and-blanket-toting suburbanite headed for a free concert.
Leases/leasing contracts
-CNH America LLC leased 153,600 square feet in Lebanon Business Park, Building 1, 201 N. Enterprise Road, Lebanon. The tenant was represented by
Jeremy Woods of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Jay Archer.-Studio Movie Grill leased 56,957 square feet of retail space in College Park Theater, 3535 W. 86th St. The tenant and landlord, Sandor Development, represented themselves.
-Household Furniture Inc. renewed its lease for 15,367 square feet of retail space in Eagledale Plaza, 2802 N. Lafayette Road. The tenant and landlord, Sandor Development, represented themselves.
-Matrix Technologies Inc. leased 12,997 square feet of office space at 6625 Network Way. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Network Way Properties LLC, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.
-Aaron’s Rents renewed its lease for 12,000 square feet of retail space in Eagledale Plaza, 2802 N Lafayette Road. The tenant and landlord, Sandor Development, represented themselves.
-DBMS Inc. leased 5,065 square feet at Castle Creek VI, 5975 Castle Creek Parkway. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-DOTS renewed its lease for 4,500 square feet of retail space in Norgate Shopping Center, 7235-H N. Keystone Ave. The tenant and landlord, Sandor Development, represented themselves.
-Summit Occupational Medicine leased 3,000 square feet of medical space at 3750 N. Meridian St., Suite 300. The tenant was represented by Brooke Sipe and Drew Augustin of Alliance Commercial Group. The landlord, Medical Properties Inc., represented itself.
-Caring for Women’s Health LLC leased 2,775 square feet of office space at 107 N. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, NSR 135 LLC, represented itself.
-Electronic Merchant Systems leased 2,397 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Katie Sobotowski of Summit Realty Group. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-CenterFirst leased 2,203 square feet at Castle Creek IV, 5875 Castle Creek Parkway. The tenant was represented by Leslie Bonacker of CresaPartners. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Web Connectivity leased 1,839 square feet of office space in Auburn Woods Park, 9660 Commerce Drive, Carmel. The landlord, Sandor Development, was represented by Lawrence Morrissey of Corporate Commercial Group. The tenant represented itself.
-Miracle Ear leased 966 square feet of retail space in Ashley’s Crossing Shops, 733 Loews Blvd., Greenwood. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
MCL enlists star power for TV commercials
Last month, Los Angeles-based film producer/director Steve Zukerman filmed commercials inside an MCL Restaurant and Bakery at Allisonville Road and 86th Street and in the Carmel Arts & Design District.
Roundup: Ambrosia, Jockamo, Square Donuts
Moves by a trio of local restaurants and replacements for two vacated downtown eateries lead off the latest retail roundup.
Hedge fund guru Paulson cashes in on CNO wager
John Paulson, who made $15 billion betting against real estate and then saw his fortune shrink as gold slumped, has more than doubled his hedge fund's money on Carmel-based CNO Financial Group Inc.
MADISON: A depressing tale of two Indianas
It was the best of times, it was the worst of times. It’s a tale of two Indianas—one rich, one poor.
State, Indy area added jobs in May; unemployment rates fall
The jobless rate in the Indianapolis metropolitan area improved in May to 7.4 percent from 7.6 percent a year ago.
Leases/leasing contracts
-OHL renewed its lease for 379,332 square feet at 1101 Whitaker Road, Plainfield. The tenant was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Steve Schwegman of Jones Lang LaSalle. The landlord, Transpacific Development Co., represented itself.
-SKH (Shaughnessy Kniep Hawe) Paper leased 42,500 square feet of industrial space at 2363-2383 Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-National Hail and Dent Removal LLC leased 18,375 square feet of industrial space at 551 Earlywood Drive, Franklin. Both the tenant and landlord, Wertz Realty LLC, were represented by Don Treibic of Cassidy Turley.
-Sensory Technologies leased 17,492 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-Cork Medical LLC leased 8,805 square feet of office space at 6406 Castleway Court. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Furniture Expressions leased 8,040 square feet of retail space in College Park Plaza-Ventures, 3443-8421 W 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Andrew Lowe, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.-Finders Keepers leased 3,482 square feet of retail space in East 40 Plaza, 8506 E Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-BSN Sports renewed its lease fo 3,200 square feet of industrial space at 7215 E. 21st St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Justus Companies, represented itself.
-D&F Assoc. Ltd., doing business as Miracle Method of Indianapolis West, leased 2,400 square feet of industrial space at 2445 Directors Row. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, American National Insurance Co., was represented by Donald Wahle of Harshman Property Services LLC.
-World Finance leased 1,481 square feet at Western Plaza, 195 Sheridan Road, Carmel. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.
-Allstate Insurance leased 1,400 square feet of retail space in Old Town Shoppes, 1264 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Wings & Seafood leased 1,237 square feet of retail space in Esquire Plaza, 8237 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Ferrari broker to be honored
John Delamater, now in his 80s, is said to have sold or brokered the sale of hundreds of Ferraris over the years from his home in Carmel.