Tight credit or no credit? HHGregg wants your business
The Indianapolis-based appliance and electronics retailer is quietly making a fundamental shift to cast its net more widely—starting with stepped-up promotion of its private-label credit card.
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ALTOM: Get rid of hidden stuff in the Microsoft suite
The documents you share might harbor information you don’t want the recipients to see.
IndyGo jettisons big-name designers
An internationally known architectural team chosen to design a proposed IndyGo transit hub is no longer on the project, to no surprise of local architects who insist the transit agency botched the selection process from the start.
NFP of NOTE: Big Brothers Big Sisters of Central Indiana
Big Brothers Big Sisters of Central Indiana provides children facing adversity with strong and enduring professionally supported 1-to-1 relationships that change their lives for the better.
Construction
-Alt Construction has completed a 24,010-square-foot office build-out for CP Vincennes LLC at 4030 Vincennes Road.
-Alt Construction has completed a 2,100-square-foot build-out for PEARings: Frozen Yogurt & Beyond at 6 W. Washington St.
-Alt Construction has completed a 53,885-square-foot office build-out for Bell Techlogix at 4400 W. 96th St., Carmel.
Residential
The average rate for 30-year mortgages rose from 3.74 percent to 3.99 percent for the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages rose from 2.97 percent to 3.21 percent.
Leases/leasing contracts
-Pacific and Southern Co. Inc. leased 18,000 square feet of industrial space at 1530 Brookville Crossing Way. The tenant was represented by Nick Arterburn of CBRE. The landlord, WF Industrial Properties, was represented by Patrick Lindley of Cassidy Turley.
-American Window and Glass Inc. leased 15,582 square feet of industrial space at 5621-5647 Dividend Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Meritex Properties LLC, represented itself.
-Rock Steady Boxing Inc. leased 12,800 square feet of office space at 6847 Hillsdale Court. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Hillsdale Property Company LLC, was represented by Jack Hogan of Jones Lang LaSalle.
-Browning Chapman LLC leased 6,446 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.
-Classic Stone LLC leased 2,700 square feet of industrial space at 5751 5827 W. 73rd St. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-MarketPath leased 2,345 square feet at 3850 Priority Way South. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, PP Indianapolis V Project, was represented by Rick Trimpe of CBRE.
-Diamond Foods Inc. leased 2,095 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The tenant was represented by Zane Brown of CBRE. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Westfield Parks & Recreation leased 2,060 square feet of retail space in Cherry Street Plaza, 330 E. Main St., Westfield. The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.
-Mindful Movement Studio leased 1,791 square feet at Northbrook Shopping Center, 1475 W. 86th St. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Crepe Way leased 1,700 square feet at Castleton Shops, 5955 E. 82nd St. The tenant was represented by Kelli Memreno-lbanez of Libertad Real Estate. The landlord, Castleton Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-JS Sushi leased 1,600 square feet at The Shoppes at 54th Street, 5425 N. Keystone Ave. The landlord, KBF 54th LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-MANG THA Real Estate leased 1,463 square feet of office space in Winchester Place, 8060 Madison Ave. The tenant was represented by Nguncer Bualteng of MANG THA Real Estate. The landlord, Oak Property Group LLC, was represented by Cathy Richards of Lee & Associates.
-China Wok leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The tenant was represented by Chengang Tian of TLC Real Estate South. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley.
-Colon and Rectal Care Inc. leased 1,020 square feet of office space at Southpointe Office Park, 8936 Southpointe Drive. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, HTA-Southpointe LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.
Sales/acquisitions
Marksmen Construction Services bought a 12,770-square-foot industrial property at 5235 Elmwood Ave. The buyer was represented by Fritz Kauffman of Cassidy Turley. The seller, JW Sales Inc., was represented by Lee Horgan of CBRE.
Explanations vary for dearth of women in top rungs of business
Of 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries, Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
Are hospitals on trajectory to pair up?
Indianapolis-area hospitals are undergoing such profound and permanent changes that some predict, eventually the four major hospital systems will merge and shrink down to two.
City can tap $39 million in low-interest loans
Affordable-housing builders are enthusiastic about the new source of low-cost capital, which is targeted at a large swath of the inner city, excepting downtown.
RACE: From Cardiff to Indianapolis, livable cities are universal
The capital cities of Wales and Indiana have much in common and are designing for the future.
Skarbeck: IPO of N.Y. skyscraper is a real landmark deal
Investors soon will have the opportunity to own a piece of an American landmark. The Empire State Realty Trust, whose signature property is the Empire State building, will offer shares to the public.
Hicks: Finding the good and the bad in TARP bailouts
The Congressional Budget Office’s most recent assessment of the cost of the Troubled Asset Relief Program, in late May, occasioned far less thoughtful discussion of the role of government than it should have.
Paterno family sues NCAA over Penn State’s Sandusky fine
In a complaint filed Thursday, the family of the deceased coach and five members of the school’s board of trustees said the Indianapolis-based NCAA improperly interfered and grossly mishandled a criminal matter outside the scope of its authority.
What is tipping point for development incentives?
A Carmel City Council committee’s decision not to help Pedcor Cos. land a state tax credit sent a message to developers: Public money won’t be flowing quite as freely in the future.
Sallie Mae expects split to have ‘limited’ effect in Indiana
The student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities. The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
Fair officials seek workers
Indiana State Fair organizers are conducting a job fair Thursday from 3 p.m. to 7 p.m. in hopes of filling 500 openings for this year’s event. Jobs available include ticket seller, parking attendant and security. Anyone in line before 7 p.m. at the agriculture and horticulture building at the fairgrounds will be interviewed, officials said.