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David Marsh defends trips he took at company’s expense

February 13, 2013

The former Marsh Supermarkets president told jurors: “Every time I used [the plane] I had a time constraint, and my time was valuable to the company.”

Bill limiting specialty plates clears state House

February 12, 2013

The Indiana House has approved a plan to overhaul the state's specialty auto license plate system that requires all the groups with plates to sell 500 a year and undergo a financial review once a decade.

WellPoint taps hospital CEO to replace Braly

February 12, 2013

Joe Swedish, the CEO of Michigan-based Trinity Health since December 2004, will replace Angela Braly, who was forced out by angry investors in August. Swedish, 61, will take office on March 25.

WellPoint taps Catholic hospital system chief as new CEO

February 12, 2013

Joe Swedish, CEO of Michigan-based Trinity Health since December 2004, will replace Angela Braly, who was forced out in August.

Indiana House OKs plan for state jobs council

February 12, 2013

A plan aimed at matching up Indiana's workforce training programs with available jobs unanimously cleared the state House on Tuesday, as legislators from both parties embraced it as a possible way to help lower the state's stubborn unemployment rate.

Sun Capital execs ‘shocked’ by Marsh financials

February 12, 2013

Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to “shock and surprise,” a managing director of the private-equity firm told jurors Tuesday.

IU opening 1st ‘gateway’ office in India

February 12, 2013

The Indiana University Gateway-India will serve as a home base for IU activities in India and will share a building with the American Institute of Indian Studies.

Home-building permit filings continue to climb

February 12, 2013

Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.

Ex-Rush County cop facing charges

February 12, 2013

A former Rushville police sergeant is accused of having an inappropriate relationship with a 15-year-old girl. Cale Worley, 28, was arrested Friday on a felony charge of official misconduct and a misdemeanor count of contributing to the delinquency of a minor. The charges came after an Indiana State Police investigation that began in August, shortly before Worley resigned from the police department. Court documents released Monday allege that Worley and the teenager secretly met late at night while the officer was on duty. They also reportedly exchanged text and Facebook messages.
 

Architectural firm A2SO4 ordered to cease operations

February 12, 2013

The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.

Fatal wreck snarls overnight traffic

February 12, 2013

A fatal crash blocked portions of Interstate 74 near Shelbyville early Tuesday. Emergency crews were called to the crash in the westbound lanes at about 12:40 a.m. Police diverted traffic from the scene of the accident, which involved a truck and a passenger car, for nearly three hours. The Indiana Department of Transportation said at least one person died, but no additional information was immediately available.
 

Financial woes force local charity to close

February 12, 2013

Motorsports-focused CARA Charities has ceased operations, the organization announced Monday. Championship Auto Racing Auxiliary Inc. said it was “unable to generate the financial means necessary” to continue supporting the auto-racing community in Indianapolis and beyond.

LA Fitness proposes facility for corner of 86th and Ditch

February 12, 2013

A 41,000-square-foot LA Fitness could replace two vacant commercial buildings including the former home of Cinema Grill at the southeast corner of 86th Street and Ditch Road.

Greensburg auto-parts plant plans expansion, 200-plus hires

February 12, 2013

Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.

Measure advances to delay state farmland tax hike

February 12, 2013

The bill would stop Indiana from using updated soil productivity figures in setting new property tax rates this year. The Legislature would consider a revised approach next year.

Construction

February 11, 2013

-TMG Construction Management Inc. has been hired by Upland Brewing Co. to build a 2,400-square-foot restaurant and tasting room at 820 E. 116th St., Carmel.

-Mezzetta Inc. has been awarded the general conditions contract by the Indiana State Fair Commission for renovation of the Coliseum at the Indiana State Fairgrounds, 1202 E. 38th St. The work is to be completed by October of this year.

People

February 11, 2013

Brian Askins has joined Summit Realty Group as senior vice president in the office advisory services group.

Residential

February 11, 2013

The average rate for 30-year mortgages fell from 3.77 percent to 3.76 percent in the week ended Feb. 6, according to Bankrate.com. The rate for 15-year mortgages fell from 3.03 percent to 3.00 percent.

Leases/leasing contracts

February 11, 2013

-Jones Lang LaSalle has been named leasing agent for 909 Whitaker Road, a 381,493-square-foot distribution facility in Plainfield Business Park owned by Industrial Income Trust. JLL's brokers for the property are Jake Sturman and Brian Seitz.
 
-Balkamp Inc. renewed its lease for 123,840 square feet and leased an additional  61,920 square feet in North Airport Park Building 2, 7750-54 West Morris St. The tenant was represented by Chris Horton of One Source Realty Inc. The landlord, Duke Realty, was represented by Duke's Jay Archer.

-Schenker Logistics Inc. leased 86,400 square feet in Park 100 Building 91, 4919 W. 78th St. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Duke's Jay Archer.

-Quest Environmental & Safety renewed its lease for  27,492 square feet in Exit 5  Building 2, 11947-11955 Cumberland Road, Fishers. The tenant was represented by Mike Lubbers of Summit Realty. The landlord, Duke Realty, was represented by Duke's Jay Archer.

-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, North Shadeland Avenue and Hillsdale Court.  The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Hillsdale Property Co. LLC, was represented by Jack Hogan and Kevin Gillihan of Jones Lang LaSalle.

-Raymond James & Associates Inc. leased 6,734 square feet at 9100 Keystone Crossing. The tenant was represented by Eric Steiner of DTZ, a UGL company.  The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.  

-The McGraw Hill Cos. Inc. has leased 5,047 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Arterburn CBRE. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-Buffalo Wild Wings leased 5,020 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.  

-TITLE Boxing Club leased 4,881 square feet at Fishers Station, 7400 E. Fishers Station Drive, Fishers. The tenant was represented by Chris Ray of Catalyst Commercial Group. The landlord, Fishers Station Development Co., was represented by Andrew Hasbrook of Kite Realty Group.  

-Mutual of Omaha Insurance Co. leased 4,388 square feet at 9100 Keystone Crossing. The tenant was represented by R. J. Rudolph of Colliers International. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-American Mattress leased 4,200 square feet at Rangeline Crossing,116th Street and Rangeline Road, Carmel. The tenant was represented by Jeff Haas of Julius M. Feinblum Real Estate. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.  
    
-Jessogne Restaurant Ventures, dba Little Caesars, leased 2,400 square feet of retail space at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates LLC, was represented by Patrick Boyle of Midland Atlantic.

-LifeWatch Pharmacy leased 2,213 square feet at 4444 Decatur Blvd. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, MPC Ventures LLC, was represented by Ryan Kelly and Brian Dell of Summit Realty Group.                
 
-Jacobs Parts Inc. leased 1,662 square feet at Willow Lake East, 2632 Lake Center Drive.  The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Runners Forum leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon. The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-GoPath Global LLC leased 1,419 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.

-BlumLux leased 400 square feet in the Canal Building at Rockdale, 6334 Westfield Blvd. The landlord, Rockdale LLC, was represented by Jack Hogan of Jones Lang LaSalle. The tenant represented itself.

Sales/acquisitions

February 11, 2013

-Heritage Project I LLC bought 69.2 acres of residential land at the northwest corner of New England Way Boulevard and Northfield Drive, Brownsburg. The seller, Rolling Hills LLC, was represented by Jason Challand of Echelon Realty Advisors. The buyer represented itself.

-Heritage Crossing LLC bought 12.154 acres of commercial land at the southwest corner of Northfield Drive and State Road 267, Brownsburg. The buyer was represented by Ron Foster of Echelon Realty Advisors. The seller, Rolling Hills LLC, was represented by Jason Challand of Echelon Realty Advisors.

-CFC Management LLC bought a 102,943-square-foot industrial property at 7750 Georgetown Road. The seller, Central Restaurant Products, was represented by Jeff Castell of Cassidy Turley. The buyer represented itself.

-IRC Roofing Inc. bought a 7,800-square-foot industrial property at 4050 Glen Arm Road. The seller, Myers Tire Supply, was represented by Michael Weishaar of Cassidy Turley. The buyer represented itself.  

-KJ Properties bought a 5,960-square-foot industrial property at 1726 W. 15th St. The buyer was represented by Tom Ferguson of Premier Commercial Real Estate. The seller, Sogard One LLC, was represented by Grant Lindley and Patrick Lindley of Cassidy Turley.

-Arbor Homes bought 14.5 acres at Finch Drive and East 63rd Street. The seller, Star Financial Bank, was represented by Bill Flanary of Cassidy Turley. The buyer represented itself.

-Shiloh Holdings LLC bought an 18,670-square-foot retail building at 6350 6380 Rockville Road. The seller, F.C. Tucker Co., was represented by Don Williams of Cassidy Turley. The buyer represented itself.

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