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    Kurt Beier

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Articles

KAR Auction Services shares open lower after IPO

December 11, 2009

Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.

Dormir acquires two sleep companies

December 11, 2009

Carmel firm using $12 million in venture capital for buying spree is now nation’s second-largest operator of sleep centers.

Cash-strapped mayors may tap owners of tax-exempt property

December 11, 2009

A group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.

Stout’s Shoes still in step after 123 years

December 11, 2009

After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.

Federal filing lists another link between Brizzi, Durham

December 11, 2009

A federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures
Holdings Inc., a film-development firm also backed by Durham.

Records

December 11, 2009

Public records listing from the Dec. 14, 2009, edition of IBJ.

INDOT using federal funds to improve transportation options near schools

December 10, 2009

The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel
behavior,” says INDOT.

GUY: Ethical collapses offer many lessons

December 10, 2009

“The Seven Signs of Ethical Collapse,” by Marianne M. Jennings, caused me to wonder whether investors
could have avoided various corporate disasters in Indiana.

UPDATE: KAR Auction IPO raises less than hoped

December 10, 2009

The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.

Conseco wins dismissal of GM Building lawsuit

December 10, 2009

A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.

Conseco shares fall on weak profit forecast

December 8, 2009

Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.

Boone County shoots down $35M rezoning plan

December 8, 2009

Carmel-based Midwest Independent Transmission System Operator said it would continue to scout for sites in the Indianapolis
area.

Patachou owner’s pizzeria granted alcohol permit

December 8, 2009

Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania
streets in Indianapolis cleared its final hurdle Monday.

Leasing/leasing contracts

December 7, 2009

-Jones Lang LaSalle has been named exclusive leasing and managing agent for Chase Tower, 111 Monument Circle.  John Robinson and Adam Broderick of Jones Lang LaSalle will be in charge of leasing the 1.1-million-square-foot, two-building property, which is 99 percent leased. Jeff Reynolds, who has managed Chase Tower for six years, will retain that role and will become an employee of Jones Lang LaSalle, which will open an office in Chase Tower. The property is owned by Macquarie Office Trust.

-Aurora Bank leased 33,000 square feet of space in Castleton Park, 5920 Castleway West Drive, for a call center. Dan O’Neil, John Robinson and Julie Kilpatrick of Jones Lang LaSalle represented the tenant.  The landlord/owner BREOF Castleton Park LLC, was represented by Dave Moore of Colliers Turley Martin Tucker.

-The Marion County Democratic Party leased 3,000 square feet of office space at 148 E. Market St. Rebecca Baer of Summit Realty represented the tenant. The landlord, Center Township Investments LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.

-Astbury Environmental Engineering Inc. leased 10,000 square feet at 5755 W. 74th St. Ashley Bussell of Halakar Real Estate represented the tenant. The owner/landlord, Duke Realty, was represented by Kate Willen of Duke.

-MSP Seals Inc. leased 10,495 square feet at the Mount Comfort Commercial Park, 6169 W. Stoner Drive. The landlord/owner, Precedent Commercial Development, was represented by Larry Siegler of Precedent. The tenant represented itself.

-Innovative Therapy Solutions leased 12,400 square feet at the Mount Comfort Commercial Park, 6169 W. Stoner Drive. The landlord/owner, Precedent Commercial Development, was represented by Larry Siegler of Precedent. The tenant represented itself.

-Auctor Corp. leased 6,137 square feet at The Precedent Office Park, 9225 Priority Way West Drive. The landlord/owner, The Precedent LLC, was represented by Darrell Pike of Precedent Real Estate Services LLC.  The tenant represented itself.

-Wells Fargo Advisors leased 4,724 square feet at National City Center. The tenant, which is relocating from Pan Am Plaza, was represented by Bill Ehret  and Katie Gray of Summit Realty Group. The landlord, REIT Management & Research, was represented by John Vandenbark of CB Richard Ellis.
 
-Caren Pollack PC leased 2,912 square feet at Three Meridian Plaza, 10333 N. Meridian St., Carmel. Spero Pulos of Grubb & Ellis Harding Dahm & Co. represented the tenant. Dan Richardson and John Vandenbark of CB Richard Ellis represented the landlord, ARI Commercial Properties.

People in the news – Dec. 7, 2009

December 3, 2009

People listings are free.

Labor board endorses raise for Carmel teachers

December 2, 2009

A new report by the Indiana Education Employment Relations Board endorses a raise for Carmel Clay teachers aimed at resolving
a contract dispute between the teachers union and the school corporation. Carmel teachers have been working without a contract
for more than a year and a half. The recommendations include a 1-percent raise during the first year of a three-year contract,
followed by a 1-percent raise each following year. Fox59 will have more at 4 p.m.

Shepherd Insurance buys rival DeTrude & Co.

December 2, 2009

The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.

Former Commerce director joins secretary of state race

December 1, 2009

Attorney Tom McKenna of Carmel on Tuesday started a three-day series of appearances across the state to kick off his campaign.

Man accused of selling drugs at Clay Terrace

December 1, 2009

An Indianapolis man is behind bars after a cocaine bust near a popular Carmel shopping mall. The Hamilton-Boone County Drug
Task Force arrested 27-year-old Jaime Agustin. They say he was selling cocaine near Clay Terrace. The drug task force said
18 grams of the drug were confiscated during a three-month investigation.

Carmel buying 12 acres for new well field

December 1, 2009

The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.

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