Home builder Estridge promises to finish homes, fight on
Paul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
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Articles
SKARBECK: Japan’s rebuilding effort offers bargain opportunities
Economically, the next couple of quarters will be tough for Japanese citizens. But we wouldn’t bet against their resolve to rebuild their country.
LOU’S VIEWS: Indy Opera’s ‘Carmen’ shows upside of downsizing
When word went out that one of the three Indianapolis Opera presentations this season would be a production of “Carmen,” sans chorus, sans full orchestra, sans biggie-size sets, and sans Clowes Hall stage, it was perfectly understandable that some patrons may have lowered their expectations.
Records
Announcements United Way of Central Indiana added its name to the list of those supporting the Indiana Compact, a statement of principles for immigration policy reform. The Indiana Compact advocates five principles should guide policy solutions around immigration reform: • federal solutions – urge Indiana’s Congressional delegation to address this federal policy issue. • law enforcement – respect the […]
Estridge: We need cash to survive
Paul Estridge Jr. says potential investors have inquired about helping his homebuilding company. Without millions in capital and a line of credit, the business could close within a week.
Fair Finance investors likely to recover little money
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
Estridge again seeking investors to avoid closing
The Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren’t obtained soon. The company previously received a cash infusion last June from a group of subcontractors.
Opera and Civic Theatre announce 11/12 schedules
Indianapolis Opera back up to four programs; Civic leading with “Drowsy Chaperone.”
Construction
DB Klain Construction has started construction of a 1,500-square-foot addition/renovation of the Carmel Dad’s Club corporate offices at 5459 E. Main St., Carmel.
Leases/leasing contracts
-Farmers Insurance leased 26,840 square feet of office space at Lake Pointe Center 5 at Allison Pointe, 82nd Street and Allisonville Road. The tenant was represented by Brian Askins of UGL Equis. The landlord, Edgeworth Laskey Properties LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Planet Fitness leased 17,456 square feet of retail space at Plainfield Crossing, U.S. 40 and Shady Lane, Plainfield. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Schottenstein Property Group, was represented by Drew Warner of Eclipse Real Estate.
-USA Funds leased 14,970 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Sam Smith of Colliers International. The landlord, Edgeworth Laskey Properties LLC, represented itself.-MetLife Bank leased 14,042 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Jason’s Deli leased 4,900 square feet at Hamilton Crossing Centre, 12405 N. Meridian St., Carmel. The tenant was represented by Phil Drake and Robert Matias with Equity Inc. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Threlkeld & Associates leased 4,500 square feet at 50 S. Meridian St. The tenant was represented by Yumi Prater and Tim O’Brien of Colliers International. The landlord, 50 South Meridian Associates LLC, was represented by Bill Montrie of Corporate Park Development Inc.-Associated Brokerage Companies Inc. leased 3,541 square feet at Intrametco Centre, 14297 Bergen Blvd., Suite 150, Noblesville. The tenant was represented by Scott Lindenberg of Echelon Realty Advisors. The landlord, The Intrametco Building LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Leslie’s Swimming Pool Supplies leased 3,486 square feet of retail space in Westlake Shoppes, 835 Beachway Drive. The tenant was represented by Bill French of Cassidy Turley. The landlord, StanCorp Mortgage Investors LLC, was represented by Jim Karozos and Ron Mannon of Lee & Associates.
-Metamorphoo Inc. leased 1,534 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.
-Hairspray extended by three years its lease for 1,407 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.
-Rose Nails extended by five years its lease for 1,400 square feet of space at Washington Corner, 9900 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.-Liberty Tax Service extended by three years its lease for 1,400 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.
-Reena’s Threading Eyebrows leased 1,200 square feet of space at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.
-Sigman Cleaners leased 900 square feet at North Willow Commons, 1410-1518 W. 86th St. The landlord, The Broadbent Co., was represented by Broadbent’s Ray Bunes. The tenant represented itself.
-Lizabeth Fitzgerald and Marlene Sharpe leased 840 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.
Purdue case highlights costs of defending intellectual property
A complicated legal case about trade secrets points up a down side to the success Indiana’s research universities have had turning their research into revenue: Large legal bills can eat much of the money.
Eagle’s Nest is a survivor among rooftop eateries
As rooftop restaurants nationwide have fallen from grace, the Eagle’s Nest, sitting high atop the 22-story Hyatt Regency Hotel in the center of downtown, continues to fly high.
Bill would give neighborhoods more power to resist annexation
Cities and towns would lose the power to annex land against the owners’ will, under a bill that easily cleared the Indiana Senate.
Indiana must limit immigration
It always amazes me that the obvious results of exporting jobs, importing workers and engaging in other forms of labor and environmental arbitrage are a mystery to newspaper editorialists and many of our so-called public leaders.
Krull column was out of line
[Columnist] John Krull, in an attempt [in the Feb. 28 Forefront] to slam U.S. Rep. Mike Pence [R-Indiana] and State Sen. Mike Delph [R-Carmel], used a very flawed premise.
MERHOFF: Let’s rethink what businesses want
Today’s lifestyle preferences have trumped yesterday’s corporate loyalty, just as flatter organizational structures leading to greater employee interaction have replaced pyramid-shaped corporate structures.
MARCUS: Fewer Hoosier children means less retail
Indiana added 369,400 adults, compared with just 33,900 children, a ratio of nearly 11 to 1. This imbalance was hardly uniform, but its consequences are important for all of us.