Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.
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An extended retail roundup
Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.
EDITORIAL: Business strength benefits city
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.BENNER: Misdeeds magnified by ratings-hungry TV
If the events at Carmel High School had occurred outside the realm of sports, would the scrutiny have been this intense,
and this sensationalized?Cash-strapped IndyGo planning to cut routes
Faced with a $3.2 million budget shortfall, IndyGo proposes the elimination of the Airport Express route, the Route 87 Eastside
Circulator and the IndyGo Commuter Express to Carmel and Fishers.Center for the Performing Arts guessing game
Opening week lineup to be announced June 6 for new Carmel concert hall.
Leasing/leasing contracts
-LH Express LLC leased 41,600 square feet of industrial space at 5252 Decatur Blvd. in the Ameriplex Business Park. The tenant, which is moving from a 15,000-square-foot location in Ameriplex, was represented by W. M. Weishaar of Cassidy Turley. The landlord, Prologis, was represented by Cassidy Turley’s Luke Wessel.
-Star Pipe Products extended its 30,000-square-foot lease at 6119 Guion Road. The tenant was represented by Stan Elser of Grubb & Ellis Harding Dahm & Co. The landlord, Grand Prix Properties, represented itself.
-Suburban Health Organization renewed its 14,210-square-foot lease at 2780 Waterfront Parkway, East Drive. The tenant was represented by Jay Gehl of Hokanson Companies Inc. The landlord, New Boston Jacaranda L.P., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Picasso Lawn & Landscape LLC leased 6,000 square feet in the Near Northeast Business Center, 4330 Hull St. Tony Hupp of Summit Realty Group represented the landlord, Hull & Sellers LLC, and the tenant.-Royal United Financial Services LLC leased 5,025 square feet of office space at 7999 Knue Road. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-Quadrant Financial Inc. leased 4,537 square feet of office space at 6515 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-The Ohlson Group Inc. leased 3,058 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, Zeller Management Corp., represented itself.
-Elwood Staffing leased 1,600 square feet at Applewood Centre on Scatterfield Road, Anderson. The landlord, Scatterfield Road Associates, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.-Spice Indian Grill Inc. leased 1,200 square feet at Northpark Shopping Center, 5436 W. 86th St. The landlord, F&R Realty, was represented by Liz Yoho of Providence Development. The tenant represented itself.
-Little Caesars Pizza leased 1,400 square feet at 3850 N. Post Road. The tenant was represented by Ron Mannon of Grubb & Ellis Harding Dahm & Co. The landlord, 3850 North Post Road LLC, was represented by Ryan Hurst of NAI Olympia Partners.
-Standard Mutual Insurance Co. leased 2,508 square feet at Castle Creek I, 8604 Allisonvile Road, Suite 130. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, New Boston Castle Creek LP, was represented by Brian Fitzgerald of Citimark Management Co. Inc.
Renamed Conseco OK with less-flashy future
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder
Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability
by selling low-dollar products and emphasizing low-cost operations.Duke Energy downsizes smart-grid plans
Duke Energy has dramatically scaled back its proposed “smart” electric grid rollout, five months after regulators rejected
an initial, $445 million plan.Veolia never shifted retirement costs
Veolia Water Indianapolis takes issue with last week’s (May 10) story on the Department of Waterworks’ (DOW)
rate case, and notes with regret that the reporter neglected to contact us on what is an important public issue.Indiana senator suggests Arizona-like immigration law
Republican Sen. Mike Delph of Carmel said he’ll introduce such legislation for Indiana if Congress and the Obama administration
do not act on illegal immigration.FBI combs through records on Brizzi deals
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor
Carl Brizzi and defense attorney Paul Page.City visitors group launches $1.3M ad campaign
The Indianapolis Convention & Visitors Association is spending $1.3 million to promote the city to eight Midwestern markets,
in
hopes of attracting more travelers.Shareholders overwhelmingly OK Conseco name change
Carmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a “transformation”
of the once-troubled firm.Worker burned in tractor fire dies
A maintenance worker at Carmel High School who was severely burned last week when his riding lawnmower caught fire has died.
Wishard Hospital officials say Rick Schoolcraft succumbed to his injuries Saturday afternoon. Several students aided Schoolcraft
and put out the flames. Counselors are at the high school to console both students and staff.Packaging manufacturer plans 22 jobs in Westfield
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
Stocks surge on effort to ease Europe debt crunch
The Dow Jones industrial average increased more than 400 points in early-Monday trading. Locally, Kite Realty and Conseco shares saw big jumps.
Travails continue at for-profit colleges
ITT Educational is getting whipsawed with unflattering news on the industry.
Veolia concessions worry regulators
Testimony filed in Indianapolis Water Co.’s rate case shows the city in 2007 agreed to take on millions of dollars in costs
from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.