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.
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Articles
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.
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.
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.
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.
ITT Educational shares sink after SEC seeks loan documents
Shares of ITT Educational Services Inc., one of the country's largest for-profit colleges, tumbled nearly 17 percent Monday after it disclosed that U.S. regulators subpoenaed documents related to private loan programs for its students.
Construction
-Capitol Construction has completed a 6,000-square-foot office build-out for Mycomputercareer.com at 8909 Purdue Road.
-Capitol Construction has completed a 4,000-square-foot office build-out for Staples at 8909 Purdue Road.
-Capitol Construction has completed a 9,100-square-foot office remodel for Wild Birds Unlimited at 11711 N. College Ave., Carmel.
Leases/leasing contracts
-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, 7700 N. Shadeland Ave. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Hillsdale Property Co. LLC, was represented by Jack Hogan and Kevin Gillihan of Jones Lang LaSalle.
-DialAmerica Marketing Inc. leased 24,012 square feet at 4030 Vincennes Road. The tenant was represented by Kevin Gillihan and Denice Michel of Jones Lang LaSalle. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-KBD Inc., dba Kitchens by Design, extended its lease and expanded to a total of 7,146 square feet of retail space in Nora Corners, 1530 E. 86th St. The tenant was represented by Brett Burch of Valenti Real Estate Services Inc. The landlord, DLC Management Corp., represented itself.
-Mackenzie River Pizza leased 5,500 square feet at The Corner, 11600 Westfield Blvd., Carmel. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Corner Associates LP., was represented by Blake Beaver of Kite Realty Group.
-AECOM leased 4,947 square feet at 4030 Vincennes Road. The tenant was represented by Tim Craft of CBRE. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Garrison Law Firm LLC leased 4,268 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick of Colliers International. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Pittsley Investment Group leased 4,029 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Jonathan Hardy and James Shook of Coldwell Banker Commercial Realty Services. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Laboratory Corp. of America leased 2,966 square feet at Shadeland Medical Building, 7914 N. Shadeland Ave. The landlord, Medical Shadeland Office LLC, was represented by Scott Levinson of Urbahns Property Group. The tenant represented itself.
-Accelerated Health Systems LLC leased 2,875 square feet at Cumberland Pointe Marketplace, 15887 N. Cumberland Road, Noblesville. The tenant was represented by Jonathan Sharp of Sharp Commercial Corp. The landlord, Cumberland Pointe Retail Commons LLC, was represented by Scott Levinson of Urbahns Property Group
-Little Caesar’s leased 2,400 square feet at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates, was represented by Patrick Boyle of Midland Atlantic.
-The Architecture Studio Inc. leased 1,883 square feet at Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by Dave Black Of Cresa Partners. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-WGP Enterprises Inc., dba Jimmy Stix Pizzeria, leased 1,810 square feet of retail space at Boardwalk Shoppes, 720 Adams St., Carmel. The tenant was represented by Stacie Yeager of Encore Sotheby’s. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Elements Therapeutic Massage leased 1,610 square feet at Clearwater Shoppes, 3965 E. 82nd St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.
-Kumon Learning Center leased 1,600 square feet at Hunter’s Run, 162-180 E. Carmel Drive, Carmel. The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties and Brian Fineberg of Fineberg Property Services. The tenant represented itself.
-Pandemonium leased 1,234 square feet at Madison on the Mall, 1211 N. Madison Ave., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.
-Lakeshore Marketing leased 1,070 square feet at Allison Run III, 5511 E. 82nd St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Urbahns Cos. Inc., was represented by Scott Levinson of Urbahns Property Group.
-Apex Infinite Solutions LLP leased 669 square feet at 120 E. Market St., Suite 607. The tenant and landlord, Felling Investment LLC, represented themselves in the transaction.
Company news
Indianapolis is one of 17 cities in which the YMCA is rolling out a demonstration project to prevent the spread of Type 2 diabetes among Medicare recipients. The program, developed by YMCA of Central Indiana and researchers at Indiana University, offers a yearlong course in exercise, dieting and individual counseling. The program’s success at preventing diabetes for people at risk has drawn financial support from such health insurers as Minnesota-based UnitedHealthcare, which piloted a 16-week version in Indianapolis three years ago. According to The Wall Street Journal, UnitedHealthcare spends $20,000 on average per year to treat a patient with advanced diabetes, but just $3,700 on average to treat a patient with prediabetes. So the insurer can save money even after paying the YMCA up to $500 per participant to help keep patients from developing full-blown diabetes.
The city of Carmel has finalized a five-year agreement with Indiana University Health to operate an employee health center, which is scheduled to open in May. The health center will be built inside the IU Health Sports Performance Center at 1402 Chase Court off Carmel Drive. It will provide primary health service free of charge to all individuals on the city of Carmel’s health plan including employees, dependents and retirees. A physician, a nurse manager and medical assistant will staff the center, which will be open 25 hours per week.
The Lung Care Group, a six-physician group of pulmonology and sleep specialists, has joined St. Vincent Medical Group, the physician arm of Indianapolis-based hospital system St. Vincent Health. The Lung Care Group, located at 8330 Naab Road, included Dr. Jerome Barnes, Dr. William Byron Jr., Dr. Thomas Holian, Dr. Brandon Perkins, Dr. Mitchell Pfeiffer and Dr. Praveen Vohra.
WellPoint Inc. will raise its quarterly dividend 30 percent. The Indianapolis-based health insurer says it will pay 37.5 cents per share in the first quarter, up from 28.7 cents in the fourth quarter. WellPoint expects to return about $2 billion to shareholders this year through the dividend and share buybacks. The new dividend is payable March 25 to shareholders of record at the close of business March 8.
GOP House blocks Dems’ push for Pence tax-cut vote
House Republicans blocked a vote Thursday on Gov. Mike Pence's proposed tax cut, fending off — at least for now — an attempt by Democrats to force them into the awkward position of rejecting one of the new GOP governor's top legislative priorities.
DINING: North-side branch of downtown steakhouse means more Mo’s
Fourth in a month-long series of “possessive men” restaurant reviews.