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Central Indiana home sales start year on chilly note

February 17, 2014

Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.

You-review-it Monday

February 17, 2014

It was a busy weekend with plenty of options besides snow shoveling. Did you hear the Chamber Orchestra? See “The LEGO Movie”?

Basiles’ $500,000 gift to Eiteljorg includes renaming shop

February 17, 2014

Local philanthropists Frank and Katrina Basile are the first major donors in a $5 million campaign for the Eiteljorg Museum of American Indians and Western Art.

Construction

February 17, 2014

-Capitol Construction has completed a 4,200-square-foot office expansion and remodel for Health Management at 9000 Keystone Crossing.

-Capitol Construction has completed a 1,500-square-foot office remodel for Regus at 3815 River Crossing Parkway.

People

February 17, 2014

Richard R. King III has been named vice president of the Indianapolis office of Lee & Associates.

Residential

February 17, 2014

The average rate for 30-year mortgages rose from 4.43 percent to 4.48 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.50 percent to 3.53 percent.

Leases/leasing contracts

February 17, 2014

-Bingham Greenbaum Doll renewed its lease for 78,090 square feet at 10 W. Market St. The tenant was represented by John Vandenbark, Dan Richardson and Nick Svarczkopf of CBRE, and Freihofer Inc. The landlord, HDG Mansur, represented itself.

-Kids Against Hunger leased 4,950 square feet at 5230 Park Emerson Drive. The tenant was represented by Michael P. Sloan of The Broadbent Group. The landlord, Dominion Realty, represented itself.

-Crane 1 Services leased 3,300 square feet of industrial space at 3250 N. Post Road. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-J&W HSP LLC leased 2,910 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The tenant was represented by John Schick of Schick Properties LLC. The landlord, CW Capital Asset Management, was represented by Bill French of Cassidy Turley.

-Emerge Monitoring Inc. leased 2,500 square feet at 22 N. Delaware St. The tenant and landlord, the Law Office of David Foley, were represented by Michael P. Sloan of The Broadbent Group.

-Indiana Latino Institute leased 2,046 square feet of office space at 401 W. Michigan St. The tenant was represented by Debra Williams of DTM Real Estate Services LLC. The landlord, American College of Sports Medicine Inc., was represented by Spud Dick of Cassidy Turley.

-Green Heart Inc. leased 1,991 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Air Cleaning Specialists leased 1,800 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-SRI Inc. leased 1,347 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Future Electronic Corp. leased 1,316 square feet in Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by David Creiner of Jackson & Cooksey. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-MBP Distinctive Catering leased 1,300 square feet at 150 W. Market St. The landlord, the National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Edward D. Jones & Co. LP leased 1,229 square feet in Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Dave Ellis of Fenway Real Estate Services Inc. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Lincoln Financial Advisors leased 1,090 square feet in Castle Creek IV, 5875 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

Sales/acquisitions

February 17, 2014

-Culver's Restaurant bought a one-acre outlot at Maplewood Plaza, 6130 Maplecrest Road. The buyer was represented by Allison Hawley of Niessink Commercial.  The seller, Centrium Properties California LLC, was represented by Michael P. Sloan of The Broadbent Group.

-Alderson Commercial Group bought a 15,000-square-foot office building at 425 W. South St. The buyer was represented by Matt Jackson of Jackson IG. The seller, West Hotel Partners LLC, was represented by Mike Medlock and Cathy Richards of Lee & Associates.

-Moser Consulting Inc. bought an 11,000-square-foot office building at 6220 Castleway West Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Heritage Properties LLC, was represented by Craig Kaiser of The Kaiser Real Estate Cos.

-3545 Farnsworth LLC bought a 4,000-square-foot industrial building at 3545 Farnsworth St. The seller, K&T Specialties Inc., was represented by Stan Elser of Lee & Associates. The buyer represented itself.

-Gershman Partners bought the 45,820-square-foot Marott Center at 342 Massachusetts Ave. The buyer was represented by Ron Foster of Echelon Realty Advisors.  The sellers, George Rubin and Elliott Levin, were represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-8015 Pendleton Pike LLC bought the 35,190-square-foot Pendleton Pike Shoppes retail center at 8015 Pendleton Pike. The buyer was represented by Larry W. Harshman of Harshman Property Services LLC. The seller, Pendleton Pike LLC, was represented by Robert J. Barker as receiver.

-R.P. Wurster LLC bought the 49,967-square-foot Plainfield Commons community shopping center at Main Street and Perry Road, Plainfield, for $6.35 million. The buyer and seller, Los Angeles-based RPD Catalyst LLC, were represented by Ben Wineman and Carly Gallagher of Mid-America Real Estate Corp.

Indiana RV museum on road to recovery

February 17, 2014

The 71-year-old president of the RV/MH Hall of Fame in Elkhart says the museum’s debt has been reduced from $5.5 million to about $2.5 million.

Indy sets winter record for snowfall, and we’re not done

February 17, 2014

Total accumulation so far for December through February has surpassed the infamous deluge recorded in winter 1981-82.

Purdue gets $5M gift from anonymous donor

February 17, 2014

The money will finance scholarships and efforts to make the school more affordable for students. The contribution includes matching elements that could ultimately provide more than $9 million for students.

Indiana gun permit applications surge 83 percent

February 17, 2014

"It really was an aberration of things happening nationally in politics, and both sides, pro-gun and anti-gun, making an issue of it," Indiana State Police Capt. David Bursten said.

Looking ahead: Vonnegut, ‘Casablanca,’ and more on Symphony’s 14/15 schedule

February 16, 2014

It’s not too early to think about the 2013/14 season. The ISO’s lineup includes familiar faces and a few surprises.

IU official: Bloomington campus parking can raise $43M profit

February 16, 2014

Chief Financial Officer MaryFrances McCourt didn't say how parking rates would be adjusted to create that projected boost and where the extra money would be directed.

REVIEW: The Hypocrites’ ‘Into the Woods’

February 14, 2014

What’s a Chicago trip without some theater? Stephen Sondheim’s show gets reset in a playground.

Republic on board with 4-year contract for pilots

February 14, 2014

Republic Airways Holdings Inc. on Friday announced that it has reached a tentative agreement on a contract with the union that represents more than 2,200 of it pilots.

IU plans statue of WWII journalist Ernie Pyle

February 14, 2014

Pyle’s bronze likeness outside of Franklin Hall will be just the third statue on IU’s Bloomington campus.

Airlines scrap record number of flights in nasty winter

February 14, 2014

The relentless snow and ice storms this winter have led to the highest number of flight cancellations in more than 25 years, according to an analysis by The Associated Press.

Auto dealer pitches Noblesville development, future transit hub

February 14, 2014

An affiliate of Indianapolis-based Ed Martin Automotive Group wants to rezone 40 acres of land at the northwest corner of State Road 37 and 141st Street for a planned Toyota dealership and other mixed-use development—including a possible transit hub.

Allison Transmission finishes lackluster year with bang

February 14, 2014

Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.

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