Longtime WRTV news anchor Trahan leaving station
Grace Trahan, who has anchored the Indianapolis TV station’s weekday morning and noon newscasts for the past 14 years, said she was resigning to spend more time with her family.
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Event-planning vet Maribeth Smith has impressive resume
Maribeth Smith’s introduction to the world of event planning sure was a doozy—coordinating the city’s first significant Final Four in 1991. In the 20 years since, Smith has planned some of Indianapolis’ biggest soirees, highlighted this year by several events surrounding the Super Bowl, which helped cement her status as one of the city’s leading meeting planners.
Indiana auto-parts supplier set to add jobs
An auto-parts supplier in northeastern Indiana plans to expand its operations and create as many as 95 new jobs.
Filling the FFA gap in Indianapolis
Local tourism officials have known for nearly four years that the National FFA Organization annual convention will leave Indianapolis temporarily after an anticipated 55,000 members clad in their trademark blue corduroy jackets descend on the city for their confab Oct. 24-27.
Space issues grow at Johnson County work-release site
A program that allows dozens of convicted offenders to work while completing their prison sentences could be expanded, but it needs a new building and faces a limited budget.
Big-time college sports leadership still a man’s world
Forty years after the U.S. government’s Title IX law required equal athletic opportunities for men and women, just four women are in charge at the 120 sports departments in NCAA football’s top tier.
Chinese PC giant to buy Carmel software firm Stoneware
Lenovo Group said the purchase of the 67-employee company would "enhance and expand" its cloud computing business.
GOP support building behind Mourdock
On Monday at an Indianapolis fundraiser, GOP vice presidential candidate Paul Ryan exhorted Republicans to “please, please, send us Richard Mourdock!” Other prominent party members are lining up behind Mourdock, too.
Council tables vote on TIF proposal after lawsuit
Facing a lawsuit from a city activist, the Indianapolis City-County Council put off voting Monday night on a long-delayed proposal to expand a downtown tax-increment financing district.
Ambrose jumping into Plainfield industrial market
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
City hiring new public safety director from Texas
Troy Riggs, assistant city manager in Corpus Christi, Texas, will be formally introduced Tuesday morning by Indianapolis Mayor Greg Ballard, according to numerous media reports. Riggs has 20 years of law-enforcement experience.
High-deductible premiums rising, too
Since 2007, premiums for high-deductible health plans’ family coverage have grown 32 percent—compared with 30 percent among all health plans, according to survey data from the Kaiser Family Foundation.
WellPoint spends $50M to burnish brand
The Indianapolis-based health insurer expects the purchase of health insurance to look and feel much more like online retailing than ever before, where brand name, along with price and convenience, win the day.
Construction
-JBM Contractors Corp. has started façade renovations for Schmoll Development Co. at 5117, 5127 and 5143 E. 65th St. The three consecutive buildings contain a total of about 22,500 square feet.
-Gene B. Glick Co. has started construction of the 50-unit Arden Woods Apartments, 2444 E. 64th St. The project is to be completed in March 2013.
Residential
The average rate for 30-year mortgages rose from 3.79 percent to 3.81 percent in the week ended Sept. 12, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.04 percent.
Leases/leasing contracts
-Phoenix Material Management Inc. leased a 234,000-square-foot industrial building at 800 Commerce Parkway, Greenwood. The tenant was represented by Rick Suja of Colliers International. The landlord, Greenwood Industrial LLC, was represented by Hobey Stuart of Cabot Properties.
-Appirio Inc. leased 12,517 square feet of office space at Pan Am Plaza, 201 S Capitol Ave The tenant was represented by Alex Cantu of Summit Realty Group. The landlord, Coastal Partners LLC, was represented by Bennett Williams of Cassidy Turley.
-Robert Half Inc. leased 7,377 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Chet Rao and Eric Steiner of UGL Equis. The landlord, True North Management Group LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Royal United Financial Services LLC leased 7,282 square feet of office space at 7999 Knue Road. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Celebrate Life Inc. leased 5,400 square feet of retail space at 730 Fry Road, Greenwood. The tenant and landlord, Fayman Trust, were represented by Mike Kensill of Lee & Associates.
-Bagger Dave’s Legendary Burger Tavern leased 4,875 square feet for a restaurant at Fortune Park Shoppes, 8840 N. Michigan Road. The tenant represented by Robyn Smart of Lee & Associates. The landlord, Urbahns Property Group, was represented by Scott Levinson of Urbahns.
-Altered Physique Fitness leased 3,168 square feet for a personal training fitness center at Fortune Park Shoppes, 8840 N. Michigan Road. The tenant was represented by Dan Baldini of Polaris Real Estate. The landlord, Urbahns Property Group, was represented by Scott Levinson of Urbahns.
-American Bank leased 2,944 square feet of office space at 8335 Allison Pointe Trail. The landlord, TIC Properties Management LLC, AMO, was represented by Bryan Miller of Cassidy Turley. The tenant represented itself.
-Timothy A. Goedde MD PC leased 2,390 square feet of office space at 7430 Shadeland Ave. The landlord, SNAG LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-iSVR Associates leased 2,047 square feet for an Indian restaurant and catering operation at Fortune Park Shoppes, 8840 N. Michigan Road. The tenant was represented by Sathya Kattragadda of Century 21 Scheetz. The landlord, Urbahns Property Group, was represented by Scott Levinson of Urbahns.
-eLove Matchmaking leased 1,903 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Magic Nails renewed its lease for 1,900 square feet of retail space in George Thomas Plaza, 1004 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Scott Spine Therapy leased 1,299 square feet of office space at 5750 E. 91st St. The tenant was represented by Andrew Martin of Cassidy Turley. The landlord, J.C. Partners LLC, was represented by Jack Clark of J.C. Partners LLC.
-Buckley & Associates LLC leased 1,214 square feet of office space in Brown Office Park, 9003 E. 17th St. The tenant and landlord, Arnold Brown MD PC, were represented by Cathy Richards and Mike Kensill of Lee & Associates.
-Fantastic Sams renewed its lease for 1,200 square feet of retail space in George Thomas Plaza, 1004 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Cournoyer Counseling leased 1,099 square feet of office space at 70 E. 91st St. The tenant was represented by James Clark of Jones Lang LaSalle. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Loving & Caring Home Inc. leased 780 square feet of office space at 6525 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
Sales/acquisitions
-Monsey, N.Y.-based White Eagle Property Group bought the 348-unit Northlake Village apartments at 1100 Northlake Drive, Noblesville. The seller, McCann Realty Partners LLC of Richmond, Va., was represented by Steve LaMotte, Dane Wilson and Dave Lockard of CBRE’s Indianapolis-Cincinnati Multi-Housing Group. The buyer represented itself.
-Fred Lawson of LY Indy Investment Group bought the 57-unit Woodview Terrace apartments at 9122 E. 10th St. The property was listed for $1.15 million. The sale price wasn’t disclosed. The buyer was represented by Leona Murphy of Murphy & Associates. The seller, Richard Noel, was represented by Tikijian Associates.
-Georgetown Road Center LLC bought 2.2 acres at 6200 Coffman Road. The seller, Dearborn Street Holdings LLC, was represented by Bo Leffel of Cassidy Turley. The buyer represented itself.
Correction
Recycle Force leased 81,000 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The square footage was incorrect in last week’s Real Estate Weekly.
Students OK after Carmel bus crash
A Carmel Clay Schools bus was rear-ended by a sport-utility vehicle Monday morning near 141st Street and Shelbourne Road. The bus continued to Creekside Middle School after students onboard were evaluated for injuries. The driver of the SUV blamed fogged-up windows for the accident. The bus arrived about 20 minutes late.
One injured in east-side house fire
One person was injured trying to escape an early-morning house fire Monday near East 10th and Rural streets. Indianapolis firefighters were called to the 2200 block of Brookside Parkway South Drive at 12:45 a.m. Resident Catherine Royalty, 61, suffered second-degree burns to her feet and was taken to Wishard Hospital. Her husband Elvin, 63, and their dog escaped without injury. Damage to the home was estimated at $75,000. The cause of the fire is under investigation.