Farmland prices going up in much of Indiana
A September study by Purdue University found farmland prices were as much as 18 percent higher than in 2011, and some appraisers say they continue to go up.
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VIDEO: 12 startup pitches distilled to 3 minutes
Boiling down the dozen pitches from budding entrepreneurs at Thursday's Startup Bowl reveals vital themes: the mammoth influence of mobile, an intense craving for consumer data, and the relentless pursuit of revenue.
Indiana buying rustic Ohio River site from ex-Gov. Whitcomb
Edgar Whitcomb, Indiana's Republican governor in 1969-73, bought the rustic land in the 1990s and built three cabins there.
Lugar campaigns for Zoeller, avoids Senate battle
Since Richard Mourdock unseated Richard Lugar in May's Republican primary, Mourdock and Democratic Senate candidate Joe Donnelly have battled to win over Lugar supporters.
Lawsuit claims Aspen Dental clinics operating illegally
A federal lawsuit filed in New York claims Aspen Dental Management and the private equity firm that controls it illegally operate dental clinics across the country. The company operates 29 offices in Indiana.
Judge allows union suit against right-to-work law
A judge has rejected Indiana's bid to throw out a union challenge to the state's right-to-work law.
Review: Indianapolis Symphony Orchestra’s unofficial season opener
The Happy Hour concert began with extended standing ovation for back-to-work musicians.
Construction
-Gibson Commercial Construction has completed a 4,000-square-foot retail build-out for DiBella’s Old Fashioned Submarines at The Avenue, 910 W. 10th St.
-Gibson Commercial Construction has been awarded the contract for a 15,000-square-foot office build-out for Endress + Hauser Flowtec AG at 2330 Endress Place, Greenwood.
Residential
The average rate for 30-year mortgages rose from 3.59 percent to 3.62 percent in the week ended Oct. 17, according to Bankrate.com. The rate for 15-year mortgages rose from 2.88 percent to 2.91 percent.
Leases/leasing contracts
-Kid Glove leased 80,000 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Stan Elser and Steve Beals of Lee & Associates. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.
-Kid Glove leased 44,800 square feet of industrial space in a separate suite at 2525 N. Shadeland Ave. The tenant was represented by Stan Elser and Steve Beals of Lee & Associates. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.
-Indiana Rail Road leased 19,823 square feet at 8888 Keystone Crossing. The tenant was represented by Jim Shook and Jon Hardy of Coldwell Banker Commercial. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Italy Marmol and Granite LLC leased 12,000 square feet of industrial space at 5371 5397 W. 86th St. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-L&M Bag & Supply Co. Inc. leased 10,000 square feet of industrial space at 2525 N. Shadeland Ave. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The tenant represented itself.
-TYTY Inc. leased 10,000 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, J&J Commercial Investments LLC, was represented by Patrick Lindley of Cassidy Turley. The tenant represented itself.
-Nextel West Corp. leased 9,295 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Arterburn of CBRE. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Shoe Sensation leased 8,050 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.
-American Rentals leased 4,980 square feet of retail space in Southgate Shopping Center, 1902 E. 53rd St., Suites A & B, Anderson. The landlord, LOR Corp., was represented by Stephen Daum and Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Jarred Bunch LLC leased 2,307 square feet at 9000 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Penn Station leased 1,600 square feet of retail space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 139, Plainfield. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.
-Red Line Yogurt leased 800 square feet of retail space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 109, Plainfield. The tenant was represented by Mark Dietel of Royal Companies Inc. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services.
Sales/acquisitions
-JWSPORE LLC bought a 4,000-square-foot office/flex building at 8358 Masters Road. The buyer was represented by Craig Kaiser of The Kaiser Real Estate Cos. The seller, W/M Photographic Services Inc., was represented by Sandra Jarvis of IndySQUARED Commercial Properties.
-TriVis Capital Partners bought the 42,000-square-foot Country Center Shoppes retail center at 1100-1140 North State Road 135, Greenwood. The buyer was represented by Michael Wernke of Marcus & Millichap. The seller, California-based Clark Family Trust, was represented by Russ Panowicz of Marcus & Millichap.
University endowments are digging out of deep hole
Indiana college endowments have surged back since the recession, but three-quarters closed the 2011 fiscal year below where they were when the market crashed.
ISO must raise $5M in less than four months, according to deal
The Indianapolis Symphony Orchestra has until Feb. 3, 2013, to collect $5 million—almost as much as it typically raises in a full year–or its five-year agreement with its musicians that’s set to kick in the following day will be nullified.
Tindley school plans huge expansion with national grant
Charles A. Tindley Accelerated School, which currently has two locations, will use a $1.6 million grant from the Charter School Growth Fund to open five more schools over the next three years.
Tax bills slashed for pair of ailing malls
Marion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette Square Mall and Washington Square Mall roughly in half.
Shortage of nonstop flights imperils convention biz
Indianapolis’ dwindling number of nonstop flights—especially to the West Coast—threatens to stunt the city’s convention business just as officials are marketing the expansion of the Indiana Convention Center and downtown’s hotel market.
Startup answers call for better phone bank
Noblesville-based VolunteerYourVoice is setting out to revolutionize phone banks with a Web app that allows advocacy groups to manage virtual campaigns, getting instant results from calls volunteers make through their home computers.
Airport’s ground game fueling tensions
The Indianapolis Airport Authority’s aggressive effort to stop an Ohio firm from building a parking facility beyond airport boundaries has neighbors worrying the municipality will unleash its lawyers on virtually any nearby business deemed a threat to airport revenue.