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ADAMSON: Close the obsolete Harding Street plant

September 26, 2013

In recent years, our city’s civic and business leaders have put much effort into attracting and retaining young professionals, those young singles who prefer city life, dining out and environmental causes.

People

September 26, 2013

–Mark Sergi has joined CBRE Group Inc.'s Indianapolis office as a vice president focusing on occupier services for mid-cap clients.

–Bob Moreland, Bill Spencer and Brett Rose have joined Capitol Construction as project managers.

RUSTHOVEN: FitzGibbon was friend and hero departed too soon

September 26, 2013

Our state and city lost an extraordinary citizen last week, when my friend and partner Dan FitzGibbon passed at age 71.

Residential

September 26, 2013

The average rate for 30-year mortgages fell from 4.66 percent to 4.47 percent in the week ended Sept. 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.70 percent to 3.53 percent.

MAURER: Ivy Tech serves more than a tasty meal

September 26, 2013

I make my own breakfast. At mid-day, lunch is usually fresh fish simply grilled. Janie sets the dinner plans, and I go where I’m told. Now I’m writing a restaurant review?

Sales/acquisitions

September 26, 2013

-Manasek Acquisition Company II LLC bought a 201,308-square-foot industrial plant at 11700 N. State Road 37, Elwood. The buyer was represented by Richard R. King III and Steve Beals of Lee & Associates. The seller, The city of Elwood, represented itself.

-TJ Investment Group LLC bought a 5,118-square-foot office-warehouse building at 10078 Lantern Road, Fishers. The buyer was represented by Mark Writt of CBRE. The seller, Applied Technology Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Town of Brownsburg bought and leased back a 53,921-square-foot office and school property at 326 N. Green St., Brownsburg. The seller/tenant, the Archdiocese of Indianapolis (St. Malachy Parish), was represented by Kelly Williams and Ray Simons of Cassidy Turley. The buyer represented itself.

-Empower Results bought a 2,200-square-foot building 1052 Woodlawn Ave. The buyer was represented by Bud Green of ReMax Centerstone. The seller, Southeast Community Services Inc., was represented by Catherine Esselman of Penn Real Estate Inc.

-Five Points Enterprises LLC bought a 3,840-square-foot building at 540 Virginia Ave. The buyer and seller, the Estate of Donald R. Jones, were represented by Catherine Esselman of Penn Real Estate Inc.

EDITORIAL: Amtrak talks need to succeed

September 26, 2013

Better late than never. Less than a week before federal funding was set to end for the Hoosier State Amtrak route, which offers the only passenger train service four days a week from here to Chicago, state officials have finally begun discussing with Amtrak how to replace the annual $3 million subsidy.

‘Dynamic duo’ boosts Hamilton County tourism

September 26, 2013

In eight years with the Hamilton County Convention and Visitors Bureau, Executive Director Brenda Myers has morphed her organization into a developer, grant giver and landlord. The strategy appears to be working.

Transportation, warehousing catch tailwind

September 26, 2013

Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.

Leases/leasing contracts

September 26, 2013

-Katz Sapper & Miller renewed its lease for 75,064 square feet in Eight Parkwood, 800 E. 96th St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.   

Firebelly Technologies, doing business as Element Three, leased 16,521 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Sterling American Property Inc., was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley.

-Quadel Consulting leased 9,297 square feet of office space at 10 W. Market St. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Axia Technology Partners LLC leased 6,446 square feet of office space at 151 N. Delaware St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Hertz Investment Group, was represented by Rick Trimpe of CBRE.

-Petersen Engineering Inc. leased 6,150 square feet of office space at 8902 Vincennes Circle in Fortune Park. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, Fortune Park 14 Partners LLC, was represented by Tom Frank of Summit Realty Group.

-Homestead Financial leased 4,955 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Ash Brokerage Corp., was represented by Nick Svarczkopf of CBRE.

-Sen. Joe Donnelly leased 3,995 square feet of office space at 10 W. Market St. The tenant was represented by Gordon Hendry of CBRE. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Deeper Life Bible Church leased 3,200 square feet of retail space in Lafayette Place, 3635 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Future Keys Inc. leased 2,094 square feet of office space at 3905 Vincennes Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Halakar Property Management acting as court-appointed receiver, was represented by Matt Kiger of Newmark Knight Frank Halakar.

-World Finance Co. leased 1,900 square feet of retail space in Honey Creek Plaza, 3835-37 Moller Road. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-$1.99 Cleaners leased 1,841 square feet of retail space in Norgate Plaza, 7235 N. Keystone Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Hat Kings leased 1,600 square feet in Lafayette Place, 3740 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Ministerios Torre Fuerte leased 1,600 square feet in Lafayette Place, 3643 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Kumon Math and Reading Center leased 1,400 square feet of retail space in Old Town Shoppes, 1260 W. 86th St. The tenant was represented by Creighton Shook of Coldwell Banker Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

IndyCar to run road race at Speedway in May

September 26, 2013

The unusual move will mark the open-wheel series’ first race on the hallowed track’s winding interior course. And it’s the highest-profile break from tradition yet in the tenure of new Hulman & Co. CEO Mark Miles.

Indianapolis Motor Speedway takes bids for food, souvenirs

September 26, 2013

The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.

Noblesville company taking on industry giants with healthier snacks

September 26, 2013

The Darlington snack company for 30 years peddled sweet treats to large institutional users—think schools, hospitals and nursing homes. But growing concerns over America’s obesity epidemic have the small Noblesville company hanging its hopes on healthier fare: all-natural, whole-grain-rich snacks.

Stonegate Mortgage IPO a test of housing recovery

September 26, 2013

Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.

Amtrak upgrades would boost ridership, cost millions

September 26, 2013

Improvements to Amtrak’s Hoosier State service between Indianapolis and Chicago would boost ridership and revenue, but there’s no scenario under which the line would pay for itself, a study says.

Body found in north-side pond

September 26, 2013

Indianapolis police are investigating the death of a man whose body was found Thursday morning in a pond in the Carlyle Court Apartments complex near East 96th Street and North College Avenue. Police say a maintenance worker found the body.
 

Man in custody after standoff

September 26, 2013

Members of the Indianapolis Special Weapons and Tactics team took a 41-year-old man into custody at about 2:30 Thursday morning after he barricaded himself in his mother’s downtown apartment for more than six hours. The mother, who lives on the 19th floor of Barton Tower in the 500 block of Massachusetts Avenue, told authorities her son, who has emotional issues, came for a visit but refused to leave. She called police after he fired a handgun out of her patio window.  Officers used tear gas and flash grenades to flush the man from the apartment.
 

Bradway services draw hundreds

September 26, 2013

Hundreds of police from around the state arrived downtown Thursday morning to attend the funeral and procession for fallen Indianapolis officer Rod Bradway. Bradway, a five-year veteran of the force and father of two, was killed Friday morning at Eagle Pointe Apartments as he stormed a second-floor apartment where he heard a woman screaming. He will be buried in the Heroes of Public Safety section of Crown Hill Cemetery on Thursday afternoon.

 

Paul Estridge Sr., founder of home builder, dies at 79

September 26, 2013

The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.

Billionaire Indiana native launches company with Indy group’s help

September 26, 2013

Billionaire and Indiana native Todd Wagner has launched his latest enterprise with help from a group of Indianapolis entrepreneurs. The company, Chideo, will move out of beta testing and formally launch in early 2014. The business legally incorporated in March 2012 in Indianapolis, where he created the website with partners at Developer Town, a design […]

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