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City panel tables approval of new towing contract
The Indianapolis Board of Code Enforcement put off voting on a new citywide towing-management contract Thursday after members said they wanted more information about the bids from San Francisco-based AutoReturn and its local competitors.
Convicted ex-coroner hits Brizzi with legal malpractice suit
Former Hancock County coroner Tamara Vangundy says she paid Carl Brizzi $10,000 for negligent legal advice that ended her career as an elected official.
Indy startup serves up keg beer with big data
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
Indianapolis falls to 13th in population among U.S. cities
Austin, Texas, moved from 13th to 11th, pushing Jacksonville, Fla., and Indianapolis each down a spot.
Broad Ripple project takes heat at Village meeting
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
WellPoint among 13 picked to join California exchange
California residents who choose to buy health insurance through the state exchange being created by the Affordable Care Act may end up paying higher premiums.
Indiana lawmakers to review ISTEP test troubles
Indiana lawmakers said Thursday they will spend the coming months reviewing computer troubles with a statewide standardized test, the use of land banks to sell vacant property and other problems uncovered around the state.
An open letter to second-tier celebs, re: 500 Festival Parade
Beyond the athletes, there’s a dearth of celebrities in this year’s 500 Festival Parade. But why shouldn’t a B-lister come to race weekend in the town that cheered Shooter McGavin?
Construction
-Kort Builders has completed a 2,200-square-foot build-out of the restaurant Twist at 1134 E. 54th St.
-Kort Builders has completed a 1,680-square-foot build-out of the leasing office of The Maxwell apartments, 530 E. Ohio St., Suite C.
-Kort Builders has completed a 3,220-square-foot office build-out for Civil Environmental Consultants at 530 E. Ohio St., Suite G.
Residential
The average rate for 30-year mortgages rose from 3.71 percent to 3.74 percent for the week ended May 22, according to Bankrate.com. The rate for 15-year mortgages rose from 2.92 percent to 2.97 percent.
Sales/acquisitions
New Decade Management LLC bought The Cottages, a 753-unit apartment complex at East 56th Street and Interstate 465. The buyer and seller, Bluestone Property Management, were represented by Steve LaMotte and Dane Wilson of CBRE.
Leases/leasing contracts
-Allison Transmission leased 127,446 square feet of industrial space at Park Fletcher, 2840 Fortune Circle West Drive. The tenant was represented by Glenn Davis and Ross Reller of Colliers International. The landlord, Duke Realty, was represented by Duke's Kate Willen Ems.
-GVS Filter Technology leased 43,200 square feet of industrial space at 5303 5373 W. 79th St. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-Reading Bakery Systems leased 25,340 square feet in Park 100 Building 134, 7451-7543 Winton Drive. The tenant was represented by Glenn Davis of Colliers International. The landlord, Pinchal & Co., was represented by Chip Barnes and Jake Sturman of Jones Lang LaSalle.
-Goelzer Investment Management Inc. renewed its lease for 13,189 square feet of office space at 111 Monument Circle. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, HRPT Lenexa Trust Properties, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-Cisco leased 11,888 square feet at Meridian Mark II, 11711 N. Meridian St., Carmel. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Zeller Realty, was represented by Zeller's Mark Vollbrecht.
-Classic Designs Unlimited LLC leased 10,500 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.
-AmeriCare Ambulance Service leased 9,600 square feet of industrial space at 4180 N. Elmhurst Drive. The landlord, Carl Weedman Family Trust & Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Relevant Technologies leased 3,848 square feet at Castle Creek IV, 5875 Castle Creek Parkway, North Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Orix USA, was represented by Matt Langfeldt of Summit Realty Group.
-Market Street Wealth Management Advisors LLC leased 2,872 square feet of office space at 3091 E. 98th St. The tenant was represented by Brooke Sipe of Alliance Commercial Real Estate. The landlord, Brookfield Real Estate Opportunity Fund, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Helix Medical LLC leased 2,439 square feet of office space at 7301 E. 90th St. The tenant was represented by Randall Tarnow of Mohr Partners. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-Indy EIFS Supply Inc. leased 2,400 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.
-Zico LLC leased 1,500 square feet of industrial space at 8444 W. Castlewood Drive. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
Indy startup sees green in cheaper 3D printing
Launched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape plastic and metal powders from the bottom up, one microscopic level at a time.
Homebuilder focuses on ‘pocket’ communities near Carmel attractions
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near downtown Carmel’s old neighborhoods.
Pike Township audit focuses on misused gas card
A former secretary in the Pike Township trustee’s office could face criminal charges after an internal investigation and state audit found that she used a township credit card to fill up her own gas tank.
High-profile developer chases Indy debut
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
Indianapolis Indians seeking new ad agency
Indianapolis-based Hirons & Co. has held the contract for 10 years. But earlier this year, the Indians decided it was time to see if Hirons or another agency had new ideas.
$225M Westfield project in works
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.