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Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013

Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.

State adds manufacturing jobs for second year in a row

August 3, 2013

Indiana Manufacturers Association President Patrick Kiely says Indiana has added 64,000 manufacturing jobs since the industry bottomed out in June 2009.

Construction

August 3, 2013

Capitol Construction has completed a 7,800-square-foot office build-out for Tucker Hester Baker & Krebs LLC at One Indiana Square, Suite 1600.

Residential

August 3, 2013

The average rate for 30-year mortgages rose from 4.54 percent to 4.59 percent for the week ended July 31, according to Bankrate.com. The rate for 15-year mortgages rose from 3.61 percent to 3.65 percent.

Leases/leasing contracts

August 3, 2013

-Matrix Technologies leased 12,972 square feet at InTech Eleven, 6625 Network Way. The tenant was represented by Darrin Boyd of Cassidy Turley. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Eli Lilly and Co. renewed its lease for 12,200 square feet of space at InTech Eleven, 6625 Network Way. The tenant was represented by Jeff Luebker of CBRE. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Skilled Care of Indiana LLC leased 7,825 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-RPM Machinery LLC leased 5,464 square feet of office space at 8910 Purdue Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller Realty Group.

-IRC Music West Store Inc. leased 4,400 square feet at The Center at Shiloh Crossing,10240 E. Highway 36, Plainfield. The tenant was represented by Steven Sengson of Prudential Indiana Realty Group. The landlord, MLMT 2006 LCI Greensburg Crossing LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.

-Salon Lofts Group LLC leased 4,203 square feet of office space at 9769 E. 116th St., Fishers. The tenant was represented by Michael Cranfill and Scott Gray of Sitehawk Retail Real Estate. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Theoris Inc. leased 3,655 square feet of office space at 8900 Keystone Crossing. The tenant was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The landlord, Keystone Investors LLC, was represented by Abby Cooper Zito of Jones Lang LaSalle.

-MS-IL Staffing leased 3,368 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Darrin Block of Urban Space Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher.

-Al Basha LLC leased 2,188 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Hamada Ibrahim of RP Lux. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.

-Blatt Hasenmiller Leibsker & Moore LLC leased 2,002 square feet of office space at 8910 Purdue Road. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Zeller Realty Corp., was represented by Tristan Glover of Zeller Realty Group.

-Tanti Braids leased 1,890 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Darrin Block of Urban Space Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher.

-Yogokiss leased 1,200 square feet at River Ridge Crossing East, 4825 E. 96th St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.    

-C&B Restaurant Group I LLC, doing business as Charlie and Barney's, leased 1,183 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.
 
-Bee Coffee Roasters Inc. leased 786 square feet of space at Pan Am Plaza, 201 S. Capitol Ave. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Pan AM SCE I LLC, was represented by Tom Ott.

-Yats on the Ave LLC leased 778 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.

Sales/acquisitions

August 3, 2013

-4554 Winthrop Partners LLC bought two multi-family buildings consisting of 30 units at 4554 N. Winthrop Ave. and 919 E. 46th St. The buyer was represented by Ivan Barratt of Barratt Asset Management Inc. The seller, Patel HNB Inc., was represented by Bob Lindgren and Scott Herider of Lee & Associates.

-Planet Fitness bought a 26,400-square-foot retail building at 3479 Kentucky Ave. The buyer was represented by Bart Jackson and Scot Courtney of Lee & Associates. The seller, COW LLC, was represented by Ron Mannon of Lee & Associates.

-Nur Halefa and Abdu Berhanu bought an 1,800-square-foot retail building at 1006 W. Morris St. The buyer and seller, Roquil Inc., were represented by Mike Medlock of Lee & Associates.

Critics: Duke trying to shift more Indiana plant cost

August 2, 2013

A consumer group maintains Duke Energy is trying skirt an agreement that caps how much of cost overruns electric customers must pay on its new $3.5 billion coal-gasification plant in southwestern Indiana.

State sues AT&T for suspending injured workers

August 2, 2013

The lawsuit alleges AT&T’s Indiana subsidiary “has a practice and policy” of suspending employees for at least one day after they report work-related injuries.

Venture capitalist Neff replacing Evans as AIT chief

August 2, 2013

It’s the latest in a string of leadership changes at the testing lab. Neff is coming from CHV Capital, the venture capital arm of Indiana University Health, where he had been CEO.

Cart accident injures 5 nurses

August 2, 2013

Five nurses were injured, one critically, after a golf cart rolled over Thursday about 1 p.m. at Bradford Woods Park in Morgan County. The nurses were taking part in a “medically specific” summer camp for children. They were ejected from the cart when it wiped out while traveling fast down a hill. Four of the nurses were released from the hospital, but one is still receiving treatment. Police are investigating.
 

Nightclub shooter claims self-defense

August 2, 2013

Police say a man told officers he was acting in self-defense when he fired the shots that wounded four people outside The Vogue nightclub in Broad Ripple about 3 a.m. Friday. None of the injuries appeared life-threatening. Police say shooter flagged down officers and told them he pulled out a gun after a group of men attacked him and a friend. The man is in custody while police investigate.
 

USS Indianapolis event may be last

August 2, 2013

Many of the 38 remaining survivors of the World War II sinking of the USS Indianapolis have gathered for what might be the last of their annual reunions.
The reunion activities began Thursday at a downtown Indianapolis hotel and continue until Sunday when a memorial service is scheduled. Only 317 of the ship’s nearly 1,200 crew members survived the July 30, 1945, sinking by Japanese torpedoes and spent days floating in shark-infested waters before being rescued. Most of the survivors are in their 90s.
 

Indiana lawmakers launch review of school grading scandal

August 2, 2013

Republican Senate President Pro Tem David Long and Republican House Speaker Brian Bosma announced Friday the creation of an independent task force to review the school grading system.

T-shirt printer scoping Indy for new facility, 105 jobs

August 2, 2013

Little Raymond’s Print Shop Inc. has requested a property-tax break on $975,000 in manufacturing equipment needed for its screen-printing facility.

WIBC-FM fills vacant drive-time slot

August 2, 2013

Conservative duo “Chicks on the Right” set to fill slot vacated by Ed Wenck in March at city’s top talk station.

Celadon to pay $18.5M settlement over fatal crash

August 2, 2013

The Indianapolis-based trucking firm has agreed to pay $18.5 million to the families of two men who died in a multiple-vehicle accident involving a Celadon truck driver in northwest Indiana in February 2011.

International soccer match draws 42,000 to Lucas Oil

August 2, 2013

The biggest soccer match in Indianapolis history also marked the first time that a natural grass surface was was laid inside the Colts’ stadium.

Kite Realty reports loss on loan default

August 2, 2013

The Indianapolis-based real estate investment trust took a $5.4 million non-cash impairment charge relating to a $29.5 million loan default on a retail development in Georgia.

U.S. unemployment rate falls despite tepid job growth

August 2, 2013

The Labor Department said the rate fell from 7.6 percent to 7.4 percent in June. But that was one of the few good signs in an otherwise lackluster report.

Frontier may become ultralow-fare carrier after acquisition

August 2, 2013

Frontier Airlines, the Denver-based airline owned by Indianapolis-based Republic Airways Holdings, may soon become a legitimate down-market competitor.

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