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Construction

July 3, 2013

-Capitol Construction has completed a 2,500-square-foot office build-out for K-Force at 115 W. Washington St.

-Compass Construction has completed a 15,254-square-foot build-out for First Internet Bank at 11201 USA Parkway, Fishers.

-Compass Construction has completed a 18,606-square-foot build-out for State Farm Insurance at 9200 Keystone Crossing.

People

July 3, 2013

CBRE Indianapolis has promoted Terry Hughes to vice president in its debt and equity finance group.

Residential

July 3, 2013

The average rate for 30-year mortgages fell from 4.61 percent to 4.48 percent for the week ended July 3, according to Bankrate.com. The rate for 15-year mortgages fell from 3.73 percent to 3.62 percent.

Leases/leasing contracts

July 3, 2013

-ooShirts Inc. leased 26,400 square feet at 7800 Records St. The tenant was represented by Greg Witkowski of CBRE. The landlord, Records Street Warehouse LLC, was represented by Brian Dell and Tony Hupp of Summit Realty Group.                

-Umoja Christian Church renewed its lease for 22,341 square feet in Lafayette Place, 3685 Commercial Drive. The tenant and landlord, Sandor Development, represented themselves.

-Family Dollar leased 12,500 square feet at 5492 E. Washington St. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Continental Realty II LLC, represented itself.

-Priority Physicians leased 9,227 square feet of office/medical space at 8333 Naab Road. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Lillibridge Healthcare Real Estate Trust, represented itself.

-Mancino’s Pizza and Grinders renewed its lease for 4,000 square feet of retail space at River Ridge Plaza, 1604 S. Scatterfield Road, Anderson. The tenant and landlord, Sandor Development, represented themselves.

-Chile Verde renewed its lease for 3,520 square feet of retail space at Esquire Shopping Center, 8237 Pendleton Pike. The tenant and landlord, Sandor Development, represented themselves.

-RadioShack renewed its lease for 2,784 square feet of retail space in Norgate Shopping Center, 7225-H N. Keystone Ave. The tenant and landlord, Sandor Development, represented themselves.

-VACO Indianapolis LLC leased 2,464 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Pasteleria Gresil renewed its lease for 2,000 square feet of retail space in Honey Creek Plaza, 5352 W. 38th St. The tenant and landlord, Sandor Development, represented themselves.

-Access Insurance renewed its lease for 1,546 square feet of retail space at College Park Plaza, 8403 N. Michigan Road. The tenant and landlord, Sandor Development, represented themselves.
 
-Ray Insurance Group leased 1,200 square feet of office space in Sand Creek Business Park, 11447 Overlook Drive, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates.  The landlord, Dolphin Ventures LLC, was represented by Kurt Meyer of Baseline Commercial.

Sales/acquisitions

July 3, 2013

-Valley Tire Co. bought 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The buyer was represented by Sean McHale of Colliers International. The seller, Stout Field LLC in care of The Crawford Group, represented itself.

-Short Ridge Enterprises LLC bought a 4,904-square-foot freestanding retail building at 415 S. Shortridge Road. The buyer was represented by Gregg Donaldson of Milhaus Realty LLC. The seller, Indiana Association of Credit Management, was represented by Ron Mannon of Lee & Associates.

Anderson woman churning out dog chews made from elk antlers

July 3, 2013

Cindy Dunston Quirk spent a decade coming up with an allergy-free dog chew idea, then, within two weeks of deciding on elk antlers, had a product packaged and ready to sell.

Promoters of arts trail recast vision

July 3, 2013

A mural slated for one wall of the Broad Ripple parking garage will be the first new artwork within view of the Central Canal Towpath, which a group of north-side institutions would like to rebrand as the Art2Art trail.

Citizens Energy quizzed on exec pay levels

July 3, 2013

Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.

Use sports model for schools

July 3, 2013

So why not follow the sports franchise model to pull our schools out of their sorry state?

Salesforce entices ExactTarget execs with $20M in awards

July 3, 2013

Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.

Auto dealers turn bullish, snag sites

July 3, 2013

Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.

Records – July 8, 2013

July 3, 2013

Records listings from the July 8, 2013, issue of IBJ.

MAURER: Community leadership is legitimate source of civic pride

July 3, 2013

Unlike public safety and education, this is a city asset we have in abundance.

EDITORIAL: IPS’ new chief can’t dilly-dally

July 3, 2013

Ferebee must be bold, decisive in effort to reverse district’s decline.

Former Pacer invents device to increase leg strength

July 3, 2013

In April, Jonathan Bender launched a company based on a device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he’s brokered a deal with California-based Relax The Back retail chain.

Mass transit opponent pitches wider roads

July 3, 2013

A leading opponent of the plan for regional mass transit is floating an alternative that calls for widening north-south commuter corridors like Martin Luther King Jr. Street, Capitol Avenue and College Avenue.

Kim: Bill Gates’ favorite teacher can help your child–for free

July 3, 2013

Wouldn’t it be great if there were an online platform offering an easy and engaging way to sharpen skills and improve knowledge so your student can hit the ground running when school starts? Khan Academy fits the bill.

Hicks: Same-sex debate obscures larger family crisis

July 3, 2013

Same-sex marriage or household arrangements possess no economic consequences. However, the debate itself does have consequences because it crowds out honest deliberation on the real problems of collapsing families.

Firms unravel implications of same-sex court ruling

July 3, 2013

Judges have spoken and people have celebrated, but human resources departments remain confounded on what will change for their companies with the U.S. Supreme Court’s ruling on the Defense of Marriage Act.

Stocks gain after encouraging U.S. hiring news

July 3, 2013

Encouraging news about the U.S. jobs market trumped rising oil prices and worrying developments in Europe's simmering debt crisis on Wednesday.

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