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Articles
SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)
Ritter’s owners hope burgers will help fuel turnaround
Hoping to capitalize on the enduring appeal of Ritter’s Frozen Custard, the chain’s New York owners are launching another attempt to right-size the franchises with a new Indianapolis store, a revamped marketing plan, and burgers and fries.
ChaCha joins list of elite startups
Red Herring magazine’s annual list of top tech startups previously included the likes of Facebook, Google and Yahoo.
BROOKS: Delaying action on rising debt imperils America’s future
Delaying action on rising debt imperils America’s future
Buckingham reviving Gramercy project with smaller plans
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
Greenwood eyes more office parks for I-65 corridor
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
Local businessmen chronicling high school sports titles
Ray Compton, Mike Jansen and Bob Lovell are using their love of sports to produce and sell DVDs capturing high school sports seasons.
Leases/leasing contracts
-Echo Engineering & Production leased 29,200 square feet of industrial space at 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Kensington Realty Advisors, was represented by Jay Archer of Duke Realty Corp.
-Brickhouse, a Zumba/workout facility, leased 15,000 square feet at 4407 Lafayette Road. The tenant was represented by Jacque Haynes of Cassidy Turley. The owners, Woodrow J. and Betty Lane, were represented by Wayne O’Hara of Sitehawk Retail Real Estate.
-Domestic Linen Supply Co. Inc. leased 8,156 square feet of industrial space at 8802 Bash St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Indiana Oral and Maxillofacial Surgery Associates leased 6,002 square feet of office space at 8140 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Northeast Oral and Maxillofacial Surgery renewed its lease for 5,100 square feet at 9860 Westpoint Drive. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Crosspoint Partners LLC, represented itself.
-Greater Indianapolis Literacy League leased 2,620 square feet at 911 Massachusetts Ave. The tenant was represented by Cam Kucic and Jeff Merritt of Summit Realty Group. The landlord, Fennmass LLC, was represented by Katie Sobotowski of Summit Realty Group.
-Accelerated Health Systems leased 2,500 square feet at Brandywine Plaza, 1563 N. State St., Greenfield. The tenant was represented by Jonathan Sharp of HSA Commercial Real Estate. The landlord, SR 9 Development LP, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-Indy ProCare Physical Therapy leased 2,000 square feet of medical office space at Greenbrooke II, 747 E County Line Road, Suite A, Greenwood. The tenant was represented by Milton McGinty of The Facilities Group. The landlord, GWA Wheatcraft LLC, was represented by John Cunningham of Allen Commercial Group, an affiliate of GWA Wheatcraft.
-Hot Mama, a women’s fashion boutique, leased 1,882 square feet at the Fashion Mall, 8702 Keystone Crossing. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, SDG Fashion Mall Limited Partnership, was represented by John Steen of Simon Property Group.
-Guardsmark renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 421, Carmel. The landlord was represented by Sandor Development. The tenant represented itself.
-Deeper Life Bible Church leased 1,200 square feet of retail space at 6999 North Michigan Road, Unit B. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Lavish Nail Design leased 662 square feet of retail space at Esquire Plaza, 8213 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
Make new police chief a regional pick
It’s time for Indianapolis to reach across geographical boundaries to ask for input, help and support as it works to transform Indianapolis Metropolitan Police Department so it can work on restoring public confidence and ultimately safer streets.
Pizzology adding restaurant in former home of Cafe Nora
Neal Brown's wildly popular gourmet pizza concept Pizzology is adding a second location to its original restaurant in Carmel.
Retail lineup taking shape for CityWay project
CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.
Construction
-Kort Builders has completed a 5,040-square-foot restaurant space for Tin Roof at 36 S. Pennsylvania St.
-Kort Builders has completed a 2,526-square-foot retail space for Massage Envy at 6815 S. Emerson Ave., Southport.
-Kort Builders has completed a 4,400-square-foot retail space for Play It Again Sports at 2332 E. 116th St., Carmel.
Herff Jones goes digital to invigorate yearbook sales
Local firm hired Carmel-based MediaSauce two years ago to help design, develop and market Stitch, a platform for schools to create an online version of their yearbook. The product, tested at 54 schools, is expected to roll out nationally in July.
BINGAMAN: Welcome to Indy; now go buy a car
Would Andrew Luck the Aspiring Architect ever consider moving to Indy?
First Merchants has sights set on metro area growth
Boone, Hancock counties on the Muncie-based bank’s radar.