BENNER: Women at Augusta National is no watershed moment
At the risk of alienating all these incredible women—and the one I’ve been sleeping with the last 39 years—I have to admit something.
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Drought helps well companies, hurts landscape businesses
The worst drought in decades has created a business boom for Indiana's well-drilling companies, whose crews are working long hours to dig new, deeper wells or install new pumps for homeowners whose wells ran dry. Meanwhile, lawn-care and landscaping companies are scrambling to find work.
Allison Transmission sets rate on $500 million loan
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
Super Bowl bid might spur new downtown hotel
Downtown is short of the four- and five-star hotel rooms preferred by National Football League sponsors and partners for a 2018 Super Bowl host, but local tourism officials are hesitant to add more hotel space just to secure a second Super Bowl.
LOU’S VIEWS: Vacationing at the Shaw Festival
In Canada, a top-notch theater festival has been celebrating George Bernard Shaw and company for 50 years. Perfect for a vacation visit.
Allison reports $413M quarterly profit, but lowers forecast
Allison Transmission Inc. on Monday reported earnings of nearly $413 million in the second quarter after losing $17.2 million in the same period a year ago. The Indianapolis-based manufacturer cut its full-year sales-growth forecast.
Leasing/leasing contracts
-County Line Emporium leased 28,633 square feet at Churchman Hills Plaza, 3535 Emerson Ave. The tenant was represented by Tracy Holtzman and Patrick Boyle of Midland Atlantic. The landlord, Beech Grove Holdings LLC, represented itself.
-JAS Cinemas Enterprises LLC leased 25,344 square feet at Southbridge Crossing, 300 Southbridge Crossing, Mooresville. The tenant was represented by Michael Rodenas of Rodenas Consulting. The landlord, Brown Bark I LP, was represented by Jeff Hubley of Midland Atlantic.
-Furniture Discounters leased 12,000 square feet at Castleton Marketplace, 8441 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.
-Cesar’s Group Fitness Studio leased 8,400 square feet at 96th Street Station, 9546 Allisonville Road, Suite 116-121. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-King’s Beauty Supply renewed its lease for 6,300 square feet of retail space in Augusta Plaza, 2808 Westlane Road. The tenant and landlord, Augusta Plaza Associates LP, were represented by Nick Smyrnis of Lee & Associates.
-Brendanwood Financial leased 3,458 square feet at 9650 N. Commerce Drive, Suite 523, Carmel. The tenant was represented by George Crawford of NAI Meridian. The landlord, Sand Capital IX LLC, was represented by Jeff Hubley of Midland Atlantic.
-Advantage Sales & Marketing leased 2,877 square feet of office space at 6505 E. 82nd St. The tenant was represented by RJ Jesenski of Cresa Partners. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Young Survival Coalition Inc. leased 2,495 square feet of industrial space at 6990 Hillsdale Court. The tenant was represented by Glenn Davis of Colliers International. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.
-Firehouse Subs leased 2,400 square feet at Brownsburg Village Shopping Center, Northfield Drive and State Road 267, Brownsburg. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, BVSC LLC, was represented by Jodi Milto of Midland Atlantic.
-Solid Gold Jewelry and Gifts leased 1,700 square feet at Sunnyside Village Shoppes, 10820 Pendleton Pike. The landlord, Sunnyside Village Shoppes LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.
-DC Designers Tux Shop leased 1,602 square feet of retail space at 2780 E. 146th St., Carmel. The tenant was represented by Stacia Yeager of Encore Sotheby's International Realty. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift.
-Fast Burrito leased 1,600 square feet at Shadeland Place, 7460 N. Shadeland Ave., Suite 400. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, MAP Shadeland LLC, was represented by Jeff Hubley of Midland Atlantic.
-P&P Home Services LLC leased 1,270 square feet of office space in Barker Office Park, 8012 E. 10th St. The tenant and landlord, East Tenth Street Development, were represented by Cathy Richards and Mike Kensill of Lee & Associates.
-State Farm leased 1,200 square feet of retail space at The Pavilion at Castleton Center, 5957 E. 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Stough Development, was represented by Greg Smith of Colliers International.
-Endika Naturals leased 590 square feet of office space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Stadium size, hotel space to be issue in Indy’s bid to host 2018 Super Bowl
League sources say a stadium with capacity below 75,000 will have difficulty landing a future Super Bowl. Even after expansion, Lucas Oil Stadium is 3,000 to 5,000 short.
City plans bid on 2018 Super Bowl
Officials are emboldened by the financial results of the city’s first time hosting the NFL championship game in February, which produced a direct economic impact of $176 million, according to a study commissioned by the Indianapolis Super Bowl Host Committee.
City, state planning another Super Bowl bid, sources say
Officials for the city and the state are expected to announce plans to bid on another Super Bowl for Indianapolis, multiple media outlets reported Tuesday, citing anonymous sources.
Dealmaking, construction picking up on Speedway’s Main Street
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
EDITORIAL: Road construction carries high costs
Hamilton County motorists may be forgiven the occasional bout of road rage this summer.
Regional investing conference heavy on Indiana banks
Event organizers say Wall Street isn’t the only place to drum up interest in stocks.
‘Michigan left’ promises learning curve, less congestion
Drivers wanting to turn left at an intersection under reconstruction in Fishers will first have to turn right.
Sales/acquisitions
-Panda Express bought 1.09 acres at Campus Parkway and Bergen Boulevard in the Saxony Development in Noblesville. The price wasn’t disclosed. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Interstate Holdings LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Jack in the Box bought one acre at 5615-5619 W. 38th St. The price wasn’t disclosed. The buyer was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The seller, Phillips Edison & Co., was represented by Allison Tiefel of Cassidy Turley.
-82 Flats LLC bought 5.22 acres at 4102 Claire Drive. The price wasn’t disclosed. The buyer and seller, Calinda Properties LLC, were represented by David Simons of Velocity Commercial Real Estate.
New track-and-field chief aims to end sport’s strife
New USA Track and Field CEO Max Siegel is promising to pull athletes, their agents, sponsors, event promoters and the sport’s television partners together to lift track and field’s tainted image and revenue—especially domestically.
HETRICK: Maybe it’s time to think like ‘Mad Men’ and sell everything
The Rs and the Ds could fight over ad space in voter registration.
Correction
Cesar’s Group Fitness Studio leased 8,400 square feet of retail space in 96th Street Station Shopping Center, 9546 Allisonville Road, Suite 117. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The square footage was incorrect in last week’s Real Estate Weekly.
Roundup: Half Price Books, GFS, Mr. Dan’s, Granite City
Several retailers and restaurants are making moves in Indianapolis. For the latest, make sure to follow @PropertyLines on Twitter.