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Sales/acquisitions

August 15, 2013

-MCL Restaurant and Bakery bought 2.24 acres at 121 Avon Village Parkway, Avon. The buyer was represented by Andrew Clifford of 7D Commercial Real Estate. The seller, WAL-MART Realty Co., represented itself.

-Loves Travel Center  bought 18 acres at Ingalls InterPark at Interstate 69 and State Road 13. The seller, DB Mann Development, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.
    
-Bastian Development bought a 115,857-square-foot light industrial center at 315 W. New Road, Greenfield. The buyer and seller, California State Teachers’ Retirement System, were represented by Mark Writt of CBRE.

Construction

August 15, 2013

-Capitol Construction has completed a 22,000-square-foot office build-out for Edward Rose at 11611 N. Meridian St., Carmel.

-Capitol Construction has completed a 12,000-square-foot office build-out for Regus at 10475 Crosspoint Blvd.

UPDATE: City plans to borrow $135M to keep up Rebuild Indy

August 15, 2013

City officials said Thursday that they intend to spend $350 million over the next three years to improve streets, sidewalks, trails and bridges. More than a third would come from a proposed bond issue.

2013 Healthiest Employers: IndyCARES

August 15, 2013

2-99 EMPLOYEES Headline Headline

Residential

August 15, 2013

The average rate for 30-year mortgages rose from 4.56 percent to 4.57 percent for the week ended Aug. 14, according to Bankrate.com. The rate for 15-year mortgages fell from 3.62 percent to 3.61 percent.

People

August 15, 2013

Lucia S. Carter has joined Colliers International as senior vice president and director of project management.

People in the news – Aug. 19, 2013

August 15, 2013

People listings are free.

Kim: ‘Golf as a Metaphor for Investing … and Life’

August 15, 2013

As summer and the golf season fade, this is a good opportunity to reflect and see if there are lessons from the game applicable to other areas of life, like investing.

Hicks: Education debate shouldn’t matter to students

August 15, 2013

Higher education is undergoing a metamorphosis. Cost-saving measures such as online learning and the ubiquity of technology might seem to make today’s undergraduate experience vastly different from their forbears’. That is a mirage. The most essential elements of an education are unchanged.

City plans to borrow $135M for Rebuild Indy

August 15, 2013

City officials said Thursday that they intend to spend $350 million over the next three years to improve streets, sidewalks, trails and bridges. More than a third would come from a proposed bond issue.

Man shot on city’s west side

August 15, 2013

A man was shot in the midsection on the city’s west side at about 12:50 a.m. Thursday. The shooting took place near Walton Street and South High School Road in Wayne Township. Indianapolis police say the man was alive when he was taken to Wishard Hospital.
 

Masked men hold up gas stations

August 15, 2013

Police believe a trio of masked men is responsible for two armed robberies of area Speedway gas stations early Thursday. Cumberland police say the men robbed the station on German Church Road at 1:05 a.m., hitting an 18-year-old clerk in the head with a gun. About 45 minutes later, three masked men entered a Speedway at 62nd Street and Allisonville Road and were confronted by a customer. One of the men punched the customer in the face before the group fled to a white Pontiac sedan in a nearby parking lot.  
 

Boy hit with sledge hammer

August 15, 2013

An 8-year-old Indianapolis boy is in critical condition after being hit in the head with a sledgehammer Wednesday during a large fight on the east side. The disturbance began at about 8:30 p.m. outside an apartment building at 2744 Priscilla Ave., near 21st Street and Arlington Avenue. A 12-year-old girl suffered minor injuries.
 

UPDATE: Indy schools seek records on state takeovers

August 15, 2013

Indianapolis Public Schools leaders filed a public records request Thursday seeking information on the 2011 takeover of four schools amid questions about the integrity of the state's A-F school grading formula.

State sends IPL $10 million ‘message’ for subpar work

August 15, 2013

State utility regulators scolded Indianapolis Power & Light Co. on Wednesday for a presentation that “fell below our expectations.” Now IPL must credit ratepayers $10 million.

‘Sound Medicine’ earning its chops in radio markets across country

August 15, 2013

Public broadcasting station WFYI-FM 90.1 aims to expand distribution of its locally produced “Sound Medicine” show to include at least 30 radio stations in large- and medium-sized markets in the next two years.

Brownsburg town council head named new state auditor

August 15, 2013

Indiana Gov. Mike Pence announced Thursday morning he had selected Dwayne Sawyer for the position. Sawyer has been a member of the Brownsburg Town Council since 2009 and became its president last year.

Indiana exports hit record, but growth slows

August 15, 2013

Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.

Endangered Phillips Temple avoids demolition, for now

August 15, 2013

The historic but vacant structure at 1226 Dr. Martin Luther King Jr. St. has attracted a few potential buyers, prompting Indianapolis Public Schools to delay demolition of the building pending a deal.

Indiana Members adds small credit union to its fold

August 15, 2013

Indiana Members, which has 24 branches and $1.3 billion in assets, will grow by one branch and $17 million in assets.

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