Court bars Indianapolis’ hour limits on adult bookstores
The 7th Circuit Court of Appeals in Chicago has tossed an Indianapolis ordinance limiting the business hours of adult bookstores from 10 a.m. to midnight Monday through Saturday.
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States investigating ITT, other for-profit education firms
For-profit education companies are facing public criticism and regulatory scrutiny over high drop-out rates, graduates' poor job prospects and the high debt levels of its students.
Panel delays vote on bill to require prescription for cold meds
A committee heard two hours of testimony Monday on a bill that would make medicine containing pseudoephedrine a schedule III drug. The committee did not vote.
Voucher students who never tried public school on the rise
Four in 10 students using vouchers never attended an Indiana public school, even though the original 2011 law that authorized the program required it.
House expands nutrition requisite to all food-stamp recipients
Legislation to require Indiana food-stamp recipients buy only products deemed nutritious was expanded Monday to include all Hoosiers who participate in the program.
Indiana House votes to amend gay-marriage amendment
The 52-43 vote to remove the controversial second sentence likely ensures that the proposed constitutional amendment will not reach the public for a vote until at least 2016 – if at all.
Cold prompts shutdown of local government Tuesday
Indianapolis Mayor Greg Ballard said City-County government will be closed Tuesday due to the forecast of “dangerously cold temperatures.” He also imposed a two-hour delay for local government on Wednesday.
Construction
-Capitol Construction has completed a 3,700-square-foot office expansion and renovation for Humana at 8888 Keystone Crossing.
-Capitol Construction has completed a 7,500-square-foot office expansion for beyond.com at 3077 E. 98th St.
-Capitol Construction has completed a 1,400-square-foot office build-out for Norfolk Southern at 9229 Delegates Row.
Residential
Mortgage rates were steady for the week ended Jan. 23. The average rate for 30-year mortgages fell from 4.57 percent to 4.56 percent, according to Bankrate.com. The rate for 15-year mortgages fell from 3.62 percent to 3.61 percent.
Leases/leasing contracts
-Southern Wine & Spirits of America renewed its lease for 211,500 square feet of industrial space at 800 Commerce Parkway Drive, Greenwood. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Liberty Property Trust, was represented by Jake Sturman of Jones Lang LaSalle.
-Golf Galaxy leased 35,056 square feet at Castleton Square Pavilion, 5625 E. 86th St. The tenant was represented by Paul Gold of ECHO Real Estate Services. The landlord, Castleton Anchor Redevelopment II LLC, was represented by Thomas English and Larry Davis of Sitehawk Retail Real Estate.
-Ingredion Inc. leased 13,864 square feet at 5521 W. 74th St. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Duke Limited Partnership, was represented by Kate Willen of Duke Realty Corp.
-Winner Woodworking Inc. leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.
-Mattress Firm leased 4,500 square feet at U.S. 40 Shops at Perry Road and U.S. 40, Plainfield. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, ECC Main Street Property LLC, was represented by Larry Davis and Thomas English of Sitehawk Retail Real Estate.
-MS Consultants Inc. leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Provident Funding Associates LP leased 3,050 square feet at 8900 Keystone Crossing. The tenant was represented by Kevin Gillihan of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Symetra Life Insurance leased 2,830 square feet at 9100 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate Group. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Blaze Pizza leased 2,400 square feet at Meijer Outlot Shops II, 12697 N. Pennsylvania St., Carmel. The tenant was represented by Allison Hawley of Niessink Commercial. The landlord, ECC Carmel Meijer Shops II LLC, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate.
-National Electrical Contractors Associates leased 2,247 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-Chipotle Mexican Grill leased 2,240 square feet at Meijer Outlot Shops II, 12697 N. Pennsylvania St., Carmel. The tenant was represented by Bryan Chandler of Eclipse Real Estate. The landlord, ECC Carmel Meijer Shops II LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Diagnotes Inc. leased 2,025 square feet at 8900 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Combined Insurance Co. of America leased 1,854 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-TKH Holdings LLC leased 1,750 square feet at Harbourtown Shoppes, located at North Harbour, Noblesville, for a Friends & Company restaurant. The landlord, Harbourtown Center LLC, was represented by J.W. Ernst of Charter Commercial Realty Group. The tenant represented itself.
Sales/acquisitions
-DAST 2 LLC bought a 21,400-square-foot office building at 2500 E. 46th St. The buyer was represented by Tom Ferguson of Premier Commercial Real Estate. The seller, 46th Street LLC, was represented by Tom Osborne, Kim Hartman and R.J. Rudolph of Colliers International.
-Vijayakumar Vemulapallli bought the 183,000-square-foot North Eastwood Shopping Center at 38th Street and Post Road. The seller, LNR Partners, was represented by Brian F. Knapp and Janice Paine of Colliers International. The buyer represented himself.
-Esponda Associates Inc. bought a 6,000-square-foot group home at 8560 N College Ave. The seller, JB & MJM of Indiana Inc., was represented by Ross Reller and Nathan Smith of Colliers International. The buyer represented itself.
Bar Association stands against gay-marriage amendment
Backed by nearly three-fourths of its members, the Indianapolis Bar has taken the unusual step of announcing its opposition to the state constitutional amendment under debate at the Statehouse.
Workers not owed for changing time, Supreme Court rules
Companies in many cases don’t have to pay workers for the time they spend putting on and taking off safety gear, the U.S. Supreme Court ruled, siding with U.S. Steel Corp. in a lawsuit by 800 workers.
Indy Eleven takes big gamble with stadium finance plan
By asking for tax money to help finance an $87 million, 18,500-seat venue, soccer team owner Ersal Ozdemir is gambling with one of his franchise's most valuable assets.
Former Indy Chamber leader joins Hagerman
Scott Miller, who stepped down May 31 as president of the Indy Chamber, has been hired as president of The Hagerman Group, one of the state’s largest construction contractors.
St. Vincent hospitals not quite as rich as they seem
St. Vincent Health has been sending roughly $50 million to $70 million every year to its parent company, St. Louis-based Ascension Health, to support other hospitals in Ascension’s 93-hospital network.
Hawthorns Golf Club in Fishers files for bankruptcy
The move comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver.
Utility regulatory openings generate heavy interest
Twenty-one candidates are in the running to fill two openings on the Indiana Utility Regulatory Commission.
Fairgrounds Coliseum project ahead of schedule
Indiana State Fair officials are expecting to open the renovated Fairgrounds Coliseum in April, three months ahead of schedule.
Developer ready to start northeast-side grocery project
The redevelopment of a nearly vacant shopping center at 56th Street and Emerson Avenue will include a Wal-Mart Neighborhood Market and 15,000 square feet of small-shop retail space.