Residential
The average rate for 30-year mortgages rose from 3.52 percent to 3.6 percent for the week ended May 8, according to Bankrate.com. The rate for 15-year mortgages rose from 2.75 percent to 2.82 percent.
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LOU’S VIEWS: Civic’s ‘Into the Woods’ explores what’s after ‘happily ever after’
Plus thoughts on NoExit Performance’s world premiere of David Hoppe’s ‘Our Experiences During the First Days of Alligators’ in Garfield Park
Leases/leasing contracts
Xerox Commercial Solutions LLC renewed its lease for 45,166 square feet at 2710 Enterprise Drive, Anderson. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, First Realty LLC, was represented by Paul Nicholson of First Realty.
Dial America leased 24,010 square feet at 4030 Vincennes Road. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, CP Vincennes LLC, was represented by Matt Waggoner of Summit Realty Group.
GAI Consultants Inc. leased 7,620 square feet of office space at 6420 Castleton West Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
Gentiva Health Services leased an additional 5,203 square feet at 8606 Allisonville Road. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark.
rue21 Inc. leased 4,712 square feet of retail space at 1950 2000 E. Greyhound Pass, Carmel. The tenant was represented by Bill French of Cassidy Turley. The landlord, Simon Property Group Inc., represented itself.
Allegient LLC leased 3,904 square feet at 201 W. 103rd Street, Carmel. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Virtu Meridian Associates, was represented by Adam Broderick of Jones Lang LaSalle.
Uniontape Inc. leased 3,079 square feet of industrial space in Stony Creek Business Park, 15260 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Just Wingin' It leased 2,920 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Bill French of Cassidy Turley. The tenant represented itself.
Global Smiles LLP leased 2,620 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, MLMT 2005-LCI Greensburg Crossing LLC, was represented by Cathy Richards, Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Solar America Solutions LLC leased 2,500 square feet at 9239 Castlegate Drive. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Castlegate II Partners LLC., was represented by Tom Frank of Summit Realty Group.
Lunar Construction leased 1,690 square feet of industrial space in Stony Creek Business Park, 15266 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Jen Daisy Boutique leased 1,400 square feet at Greenwood Springs Shopping Center, 1279 Emerson Ave., Greenwood. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
KAJ LLC leased 1,200 square feet of retail space in Greenbriar Shopping Center, 1321 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
Truck insurer’s new jobs to boast gold-plated pay
The 133 full-time jobs the truck and auto insurer plans to add over the next five years will pay around $60 an hour, or nearly $125,000 a year.
Sales/acquisitions
-Indiana Continuing Legal Education Forum bought a 38,000-square-foot office building at 230 E. Ohio St. The seller, the Indiana Bar Foundation, was represented by Denice Michel, Jimmy Clark and Adam Broderick of Jones Lang LaSalle. The buyer represented itself.
-4930 Lafayette LLC bought a 29,380-square-foot retail building at 4930 Lafayette Road. The buyer was represented by Clint Fultz of Prime Site Brokers. The seller, Eagle Creek Shoppes Property Trust Ltd., was represented by Brian Knapp and Janice Paine of Colliers International.
-Popeyes Louisiana Kitchen bought 0.669 of an acre at County Line Road and Emerson Avenue. The buyer was represented by Steve Delaney and Larry Davis of Sitehawk Retail Real. The seller, Fenneman & Brown Properties LLC, was represented by Craig Ramsay of Sitehawk Retail Real Estate.
-WF Industrial Properties VI LLC bought 1.69 acres in Brookville Crossing, 1520 Brookville Crossing Way. The buyer was represented by Patrick Lindley of Cassidy Turley. The seller, Brookville Crossing LLC, was represented by Shawn Deitch of Kaiser Land Co.
nFrame data center to get new identity
The change to the Expedient moniker is not expected to affect the center's 40 employees and 300 customers.
PROXY CORNER: MainSource Financial Group
Greensburg-based MainSource Financial Group is the holding company for MainSource Bank, which has 78 offices in Indiana, Illinois, Kentucky and Ohio.
ExactTarget loss widens as revenue grows
ExactTarget continues to spend down its sales gains so that it can grow its business.
Howe toughest test yet for reformers of troubled city schools
Thomas Carr Howe Community High School, one of four taken over by the state Department of Education, is being remade yet again. And this time it faces a slew of competitors in the education-reform arena.
Co-founder’s death alters Naked Monkey’s growth plan
The recession and then the death of a founder put the Carmel waxing spa on a new trajectory. Now co-owner Brenda Schultz is mulling expansion plans.
Slingshot is shifting aim away from SEO
After Google cracked down on some of the tools companies were using to improve their positions in search results, Indianapolis-based Slingshot SEO opted to launch a sister brand called Digital Relevance that will focus on earning media attention.
Development may spawn TIF tug of war
The developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
Lawsuit threatens NCAA’s amateur business model
On June 20, a California federal court will determine if an antitrust lawsuit brought by former UCLA basketball player Ed O’Bannon—who argues he should’ve been paid for the use of his likeness on game broadcasts and in EA Sports video games—can become a class action.
Whitsett goes big with Star project
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
Speedway upgrades making difference
The substantial changes highlighted in the April 29 article, “Speedway’s Speed Zone redevelopment project in high gear,” should be praised.
Defer to Urbanski on seating decision
I strongly support Maestro Urbanski’s decision not to have people seated in the Stage Terrace behind the orchestra [April 22 editorial].
BENNER: Tweeting my way through modern-day Pacers-Knicks series
An old sports reporter takes a stab at covering a game using social media.
DRESSLAR: Extremists hindering Common Core
Controversy over education policy is normal for the General Assembly, but this session’s pointless rancor over Common Core State Standards has only hindered progress in teaching our children and building our communities.
RUSTHOVEN: Bowen lived, governed with character
Early this month saw the passing of Otis Bowen, among the most admired, respected governors in Indiana history. Tributes following his death have been gratifying and well-deserved.