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New ice rink opens at Indiana State Fairgrounds

October 7, 2013

The $10 million Youth Arena officially opens Monday after several hundred people attended a free public skating event Saturday.

State tax collections miss budget expectations

October 7, 2013

Tax receipts for the first quarter of the state's fiscal year have missed projections that were used to write the current two-year budget.

iGoDigital founder drops lawsuit over acquisition payout

October 7, 2013

Eric Tobias, who founded iGoDigital, has dropped a federal lawsuit that stemmed from the tech company’s $21 million buyout last year.

Donor-management software startup plans to add 70 jobs

October 7, 2013

Bloomerang is led by technology entrepreneur Jay Love, who sold the donor-management firm eTapestry for $25 million in 2007.

Families hoard cash five years after financial crisis

October 6, 2013

One of the biggest drags on the economic recovery is fear. Households are hoarding cash, spending cautiously, avoiding debt, and shifting investments into low-yield (but potentially safer) holdings. When done on a global scale, such prudent moves can starve the economy.

State tourism destinations hope shutdown is short

October 5, 2013

The shutdown has closed or limited access to Indiana’s federal forests and parkland, including the 13,000-acre Indiana Dunes National Lakeshore.

Construction

October 4, 2013

-Capitol Construction has completed a 30,000-square-foot office build-out for American Specialty Health at 12318 Hancock Drive, Carmel.

-Capitol Construction has completed a 2,500-square-foot office build-out for Franklin American at 8555 River Road.

-Mattingly Construction was awarded and has begun construction of a 3,432-square-foot office build-out for MS-IL Staffing at 4933 W. 38th St.

Residential

October 4, 2013

The average rate for 30-year mortgages fell from 4.47 percent to 4.41 percent in the week ended Oct. 2, according to Bankrate.com. The rate for 15-year mortgages fell from 3.53 percent to 3.47 percent.

Leases/leasing contracts

October 4, 2013

-Phillips Feed Services leased 85,625 square feet of industrial space at 5851 W. 80th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, ProLogis, was represented by Chris Black of CBRE.

-United Natural Foods Inc. leased 66,033 square feet of industrial space at 999 Gerdt Court, Greenwood. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, Gerdt Enterprises LLC, was represented by Jason Speckman of Summit Realty Group.

-Twin Peaks leased 12,500 square feet at 6880 E 82nd St. The tenant was represented by Alan Chodrow of Chodrow Realty Advisors. The landlord, Betty Herring Irrevocable Trust, was represented by Steve Delaney of Sitehawk Retail Real Estate.

-Meridian Title Corp. leased 4,724 square feet of office space at 3850 Priority Way South Drive. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, CBRE Global Investors, was represented by Rick Trimpe of CBRE.

-IU Health leased 3,774 square feet of office space at 11580 Overlook Drive, Fishers. The landlord, Sandstone Properties LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-America’s Best Contacts and Eyeglasses renewed its lease for 3,500 square feet in Honey Creek Plaza, 5404-5406 W. 38th St. The tenant was represented by Jason Thomas of Cassidy Turley. The landlord, Sandor Development, represented itself.

-SAFY of Indiana Inc. leased 3,003 square feet of office space at 70 E. 91st St. The tenant was represented by Mary Beth Kohart of CBRE. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-EquiTeam LLC leased 2,870 square feet of office space at 70 E. 91st St. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Axia Advisory Corp. leased 2,120 square feet of office space at 20 E. 91st St. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant represented itself.

-$1.99 Cleaners leased 2,048 square feet in Avon Creek, 10028 Rockville Road, Avon. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Moser Consulting Inc. leased 1,924 square feet of office space at 6081 E. 82nd St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Red Line Frozen Yogurt leased 1,870 square feet of retail space in Arlington Commons, 5920 E. Stop 11 Road. The tenant was represented by Mark Dietel of Keller Williams Indy Metro South. The landlord, LSREF2 Baron LLC, was represented by Scot Courtney and Ron Mannon of Lee & Associates.

-Health and Hospital Corp., doing business as Nurses on Demand, leased 1,816 square feet in Eagledale Plaza, 2802 N. Lafayette Road. The tenant was represented by Caroline Smith of Spectrum Management and Development. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-Sherwin-Williams leased 1,498 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Kress Psychological Services leased 1,219 square feet of office space at 3021 E. 98th St. The tenant was represented by Darrin Boyd of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore of Cassidy Turley.

Sales/acquisitions

October 4, 2013

-Jordan-Ford bought the 30,000-square-foot, multi-tenant Fishers Business Center at 12790 Ford Drive, Fishers. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Mahi Development, was represented by Brad Williams and John Demaree of Summit Realty.

-Larry Naab bought a 2,432-square-foot office building at 12550 Promise Creek Lane, Fishers.  The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented himself.

-ANT Savings Corp. bought a 1.33-acre Wendy's ground lease at 5055 W. Washington St. The buyer and seller, RMS Development LLC, were represented by Andrew Clifford of 7D Commercial Real Estate.

-The Flying Cupcake bought a 1,533-square-foot retail space at 423 Massachusetts Ave. The buyer was represented by Bart Jackson and Scot Courtney of Lee & Associates.  The seller, James B. Luther, represented himself.

Indiana securities commissioner leaving post

October 4, 2013

Chris Naylor, Indiana Securities Commissioner for the past six years, will become the assistant executive director of the Indiana Prosecuting Attorneys Council.

Gas sinks below $3 at some stations

October 4, 2013

Gasoline dipped below $3 per gallon Friday at two stations in Indianapolis. An Admiral and a Speedway on East Washington Street both had gas priced at $2.98. Numerous stations in Franklin had gas priced as low as $2.93. Average local prices are still above $3. The last time the average area price dipped below $3 for a sustained period was March 2011.
 

Overnight blazes keep firefighters busy

October 4, 2013

Indianapolis firefighters battled three fires that broke out between 3 a.m. and 4 p.m. Friday. The first damaged a home in the 1100 block of Spann Avenue in the Fountain Square neighborhood. The second destroyed a garage in the 3500 block of North Audubon Road. The third involved possible arson at a vacant house at Shelby Street and Pleasant Run Parkway. No significant injuries were reported.
 

Man shot in head outside motel

October 4, 2013

A man was shot in the head just before 5:45 a.m. Friday at a parking lot outside Quality Inn & Suites in the 5000 block of Lafayette Road, near the Interstate 65 exit. The victim has been upgraded to serious condition at the hospital. Witnesses say three men sped from the scene in a blue Dodge Charger after the shooting, which followed some kind of dispute. Indianapolis police say they’ve identified a shooter by looking at surveillance video.
 

Local ad agency losing Simon work, cutting employees

October 4, 2013

Publicis Indianapolis, one of the top-billing agencies in the city, will lose about eight employees. President Tom Hirschauer will step down to become a consultant.

State opens downtown parking lots to development

October 4, 2013

Proposals due Nov. 15 could cover one or all of three state-owned parking facilities, which contain 6,096 spaces and generate more than $1 million a year from special events.

Lilly, other drugmakers itching to find new psoriasis treatment

October 4, 2013

Psoriasis is linked to higher rates of heart disease and diabetes, and a third of patients also develop a form of arthritis. About 125 million people worldwide have the skin condition, including 7.5 million Americans.

Indiana bank cutting 80 workers after merger

October 4, 2013

Citizens Financial Bank president Daryl Pomranke said all the layoffs will be of employees in support roles such as operations and technology

Supreme Court weighs arguments in smoking-ban case

October 4, 2013

At issue in part is whether one business or industry can make enough money to be exempted from rules that apply to all others. The decision could have repercussions in communities throughout the state.

Roundup: Westfield cafe closes; plus new pho, fro-yo, BBQ and baked goods

October 4, 2013

Marlow’s Café closed in September after more than three decades on State Road 32 in Westfield, and a new restaurant is set to take over the breakfast-and-lunch spot.

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