Residential
The average rate for 30-year mortgages rose from 3.60 percent to 3.71 percent for the week ended May 15, according to Bankrate.com. The rate for 15-year mortgages rose from 2.82 percent to 2.92 percent.
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School choice segregates
Reflecting on the [May 13] article “Trying to Reclaim a Legacy,” please don’t forget another group of people who took a risk: the taxpayers.
DAVIS: Support workers’ volunteerism
With businesses everywhere working to attract and retain great talent and customers, giving back to the community can end up on the back burner. The time and effort required to connect with charities, plan events and provide time off from critical business focus initially seems to be counterproductive. This paradigm leaves many leaders scratching their heads about corporate social responsibility.
Leases/leasing contracts
-The Hartford renewed its lease for 43,086 square feet at 501 Pennsylvania Parkway. The tenant was represented by Denice Michel and Michael Corr of Jones Lang LaSalle. The landlord, MCP Partners Three LLC, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-Blackbaud leased 34,555 square feet at 501 Pennsylvania Parkway. The tenant was represented by Denice Michel and Graham Summers of Jones Lang LaSalle. The landlord, MCP Partners Three LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Kinetico Inc. leased 12,120 square feet of space at 8828 Corporation Drive. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Greeley and Hansen leased 7,668 square feet at 7820 Innovation Blvd. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, AIT, was represented by Adam Seger of Duke Realty.
-Exclusive Limousine Co. Inc. leased 6,400 square feet of industrial space at 9770 Mayflower Park Drive, Carmel. The landlord, Wright Jackson Enterprises LLP, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.
-Extreme Vehicle Design renewed its lease for 5,400 square feet of industrial space in Stony Creek Business Park, 15240 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
-Integrated Distribution leased 2,880 square feet of industrial space at 1761 N. Sherman Drive. The landlord, Brookside Industrial Park LLC, was represented by Fritz Kauffman and Michael Weishaar of Cassidy Turley. The tenant represented itself.
-LifeServices EAP leased 2,258 square feet of office space at 303 N. Alabama St. The landlord, DH Realty LLC, was represented by Jon Owens and Russell Van Til of Cassidy Turley. The tenant represented itself.
-Cell Phone Repair franchisee Russell "Rusty" Kimmerly leased 2,158 square feet at Greenwood Plaza Shopping Center, 1280 U.S. 31 N., Greenwood. The tenant was represented by William G. Wilson of Paragon Realty LLC. The landlord, Jones Family Investments LLC, was represented by Bridget Clanton of MQ Partners.
-Brogden Law Firm LLC leased 1,910 square feet of office space at 8440 Woodfield Crossing. The tenant was represented by Tim Hull of CBRE. The landlord, LNR Partners LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Indiana National Guard leased 1,846 square feet at Rockville Station, 967 E. U.S. 36, Avon. The landlords, Rockville Station LLC and Valley View Rockville Station, were represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Cell Phone Repair franchisee Terry Blake leased 1,230 square feet at Heartland Landing, 10302 Prosperity Circle, Camby. The tenant was represented by William G. Wilson of Paragon Realty LLC. The landlord, Heartland Landing II, was represented by Jeff Hubley of Midland Atlantic.
Skarbeck: Financial markets brace for era of social media
Two recent episodes have regulators scrutinizing the role social media plays in the investment markets.
Hicks: Firing of Heritage researcher shows cowardice
A recent study by the Heritage Foundation, a conservative think tank, sheds a great deal of light on the sausage mill of policy research, and the courage and integrity of the process of policy research altogether.
KENNEDY: We the ignorant people
Like it or not, the United States is a country where, increasingly, people read different books and newspapers, visit different blogs, watch different television programs, attend different churches and even speak different languages.
EDITORIAL: CEOs should buy their own perks
It’s no secret that CEOs of public companies make a lot of money.<br><br>And in general, they earn it: It takes talent, hard work and vision to oversee thousands of employees, answer to impatient shareholders, guard against competitive threats, and keep the trains running on time, particularly at behemoths like Eli Lilly and Co., WellPoint Inc., Cummins Inc. and Simon Property Group Inc.
Sales/acquisitions
-ALDI Indiana LP bought 1.8 acres at 4470 Lafayette Road. The buyer was represented by Jim Abel of Lee & Associates. The seller, D&K LLC, represented itself.
-ALDI Indiana LP bought 2.47 acres at 4451 Lafayette Road. The buyer was represented by Jim Abel of Lee & Associates. The seller, Aquila Corp., was represented by Chuck McCollum of ReMax Ability Plus.
-CSDC LLC bought a 63,750-square-foot office/industrial building at 2323 N. Illinois St. that will be redeveloped into a charter school. The buyer was represented by R.J. Rudolph and Yumi Prater of Colliers International. The seller, Ross Gage Inc., was represented by Matthew Broderick and Al Donato III of Acorn Group Inc.
INDOT will build interchange at U.S. 31 and S.R. 28
Indiana is upgrading and bypassing congested sections of U.S. 31 near Kokomo, South Bend and Indianapolis. When completed, the projects are expected to remove 32 stoplights from the route, cutting a half hour off travel time.
Animation firm recognized for children’s book
The youthful animators at The Basement have won the Independent Publisher’s Book Awards’ silver award for their first children’s e-book, “Every Walrus Can Fly.”
Spate of banking mergers may be just the beginning
First Merchants Corp. CEO Michael Rechin thinks a wave of bank mergers is coming—driven by financial institutions’ quest to increase profits in an environment where super-low interest rates continue to squeeze margins.
MORRIS: I’m from the government, and I’m here to help
Obama’s troubles might save us from his heavy-handed, second-term agenda.
ALTOM: When it comes to big purchases, don’t follow the crowd
The most popular tech product isn’t necessarily the one that is best for your business.
Athenaeum weighs bids for surface lot redevelopment
Three developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to the historic Athenaeum building.
LOU’S VIEWS: In Indy Opera’s ‘Flying Dutchman,’ strong voices almost drowned by overdone visuals
Season closer tackled Wagner’s large-scale seafaring tale. Plus, thoughts on ‘4000 Miles’ at the Phoenix Theatre.
DINING: Sandwich shop Fresco no mere supermarket sidebar
Third in a month-long series of Cultural Trail restaurant reviews.
BENNER: Cricket-loving Mayor Ballard might be ahead of his time
The stakes are lower, but the odds higher, compared with previous mayors who took risks with sports.
Oesterle sells land to Angie’s List, reaping millions
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.