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Church caught up in nightmare after life insurance scheme sours

October 25, 2012

The Lindberg Road Church of Christ in Anderson has filed for bankruptcy protection because of a failed plan to finance construction on its properties. The plan involved buying life insurance on elderly members, with the intent to sell the policies later on the secondary market.

Records – Oct. 29, 2012

October 25, 2012

Records listings from the Oct. 29, 2012, issue of IBJ.

Indiana manufacturers see momentum vanish

October 25, 2012

The state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.

PROXY CORNER: Shoe Carnival Inc.

October 25, 2012

Evansville-based Shoe Carnival Inc. operates 345 shoe stores in 32 states and Puerto Rico, in addition to selling through its website, shoecarnival.com.

Small businesses share space to find efficiencies

October 25, 2012

Popular waxing spa The Naked Monkey is set to open its third location Nov. 1—a “Mini Monkey” inside MDG Salon | Studio’s new space downtown. The independent businesses are sharing space to cut costs.

Construction

October 25, 2012

-Capitol Construction has completed a 14,400-square-foot office build-out for VMS BioMarketing at 10333 N. Meridian St., Carmel.

-Capitol Construction has completed a 7,200-square-foot office build-out for Spotfreight at 445 N. Pennsylvania St.

-Capitol Construction has completed a 2,000-square-foot interior renovation of a Bob Evans restaurant at 7525 E. 96th St.  

-Capitol Construction has completed a 2,000-square-foot interior renovation of a Bob Evans restaurant at 159 S. Marlin Drive, Greenwood.

Residential

October 25, 2012

The average rate for 30-year mortgages fell from 3.62 percent to 3.61 percent in the week ended Oct. 24, according to Bankrate.com. The rate for 15-year mortgages fell from 2.91 percent to 2.90 percent.

Katie Betley throws herself into community service

October 25, 2012

Whether she’s working with the Indianapolis Zoo, the United Way of Central Indiana or Butler University, Katie Betley is a constant presence in civic circles, a whirling dervish of volunteerism and can-do spirit.

Leases/leasing contracts

October 25, 2012

-International Paper leased 144,000 square feet of industrial space at 5021 W. 81st St. The landlord, Prologis, was represented by Luke Wessel of Cassidy Turley. The tenant represented itself.

-Kittle’s Home Furnishings leased 33,032 square feet at Southport Plaza, 7565 US 31 South. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Southport Plaza, was represented by Bill French of Cassidy Turley.  

-El Chispas leased 19,260 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, The Broadbent Co., was represented by Broadbent’s Jim Mosher.

-Dick’s Last Resort leased 6,240 square feet at Square 74, 111 W Maryland St.  The tenant and landlord, Square 74 Associates LLC, were represented by Steve Delaney of Sitehawk Retail Real Estate.  

-ATG Rehab leased 4,372 square feet of industrial space at 5804 W. 74th St. in Park 100. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates. The landlord, Park Creek Venture, was represented by Kate Ems of Duke Realty.

-Cooperative Managed Care Services LLC leased 3,691 square feet of office space at 9045 River Road. The tenant was represented by Sam Smith and Kevin Dick of Colliers International. The landlord, Duke Realty Limited Partnership, was represented by Adam Seger of Duke Realty.

-America's Best Contacts & Eyeglasses leased 3,255 square feet of retail space in the Nora Plaza Shopping Center, at the northwest corner of 86th Street and Westfield Boulevard. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Ramco Gershenson Properties Trust, represented itself.

-Travel By Design leased 2,990 square feet of office space at 11559 Cumberland Road, Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Tracey Tabor Williams, DMD, renewed her lease for 2,690 square feet of office space at 303 N. Alabama St. The tenant was represented by Todd Morris of JTM Commercial. The landlord, DH Realty LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley.   
   
-Range Line Chiropractic leased 1,875 square feet of retail space at 614 622 S. Rangeline Road, Carmel. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Mohawk Management, represented itself.

-ENS Group leased 1,360 square feet of office space at 11978 Fishers Crossing Drive, Fishers. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.   

-Great Care renewed its lease for 1,077 square feet of office space at 6515 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Maximum BMX leased 960 square feet of retail space at Green Meadows Shopping Center, 1542 N. State St., Greenfield. The landlord, Green Meadows Shopping Center LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.   

-The Mint Salon leased 820 square feet of retail office space at Lake Plaza, 6801 Lake Plaza Drive, Suite C304. The landlord, Lake Plaza LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-World Finance Company leased 800 square feet of office space at Lake Plaza, 6801 Lake Plaza Drive, Suite C304. The landlord, Lake Plaza LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

Local lawyer key figure in felling Armstrong

October 25, 2012

Bill Bock, lead counsel for the U.S Anti-Doping Agency’s case against cyclist Lance Armstrong, spent two years investigating the allegations.

Sales/acquisitions

October 25, 2012

-701 Ford Road LLC bought the KinderCare facility at 8485 Woodfield Crossing Blvd. The buyer was represented by Douglas Passon of Fortis Net Lease. The seller, BBDFC LLC, was represented by Kevin Broderick, Matt Gray, and Rick Trimpe of CBRE.

-Imperial Auto USA Corp. bought an 82,197-square-foot building at 3036 Madan Park Drive. The buyer was represented by Luke Wessel of Cassidy Turley. The seller, Terranova West LLC, was represented by John Hanley and Terry Busch of CBRE.

Container makers want to restore fizz to state’s recycling fund

October 25, 2012

The money, long ago diverted by Gov. Daniels to the state’s general fund, would help reduce landfill waste and lower manufacturing costs.

Report tallies local government debt loads

October 25, 2012

A new reporting requirement on local governments gives taxpayers unprecedented access to debt information, but the data is also likely to raise many questions.

Environment

October 25, 2012

Recycling advocates and beverage container manufacturers want the next governor to fully reinstate Indiana’s Recycling Fund. Gov. Mitch Daniels suspended the recycling fund in 2009, redirecting the 50-cent-per-ton “tipping fee” to the state’s general coffers. The Indiana General Assembly established the recycling fund in 1990 to help pay for household recycling and hazardous waste programs. […]

Charter airline proposed by local entrepreneur on investment firm’s radar

October 25, 2012

Legacy Travel Club finds believer after months of fruitless fundraising locally.

BASILE: In Houston, a megachurch offered a practical message

October 25, 2012

As a professional speaker myself, I could appreciate his pacing and understated gestures.

LOU’S VIEWS: Art + theater made for memorable road trip

October 25, 2012

George Seurat’s painting “A Sunday on La Grande Jatte—1884” provided the inspiration for the musical “Sunday in the Park with George.” For an Oct. 20 visit to both the painting and the musical, I was in the company of 35 participants in the first IBJ A&E Road Trip, an exercise in arts connectivity.

DINING: Sonny’s is a welcome spot

October 25, 2012

Last in a month-long series of reviews of possessive restaurant reviews.

BENNER: Long quest for Fever championship has magical conclusion

October 25, 2012

Lin Dunn’s Indiana Fever is no longer just any team.

Rapid rise of ExactTarget uplifting for young techies

October 25, 2012

In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.

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