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Indy Jazz Fest

September 11, 2012

Sept. 15-16

Opti-Park

 Stanley Clarke and George Duke headline the Saturday show. Brian Culbertson does the same on Sunday. But come early for the bands and performers you might not know—that’s a big part of the pleasure of music festivals. Some fast fest facts that might be helpful: Children under 12 are free. There’s a free shuttle from Glendale center. Umbrellas aren’t allowed (you wouldn’t want to annoy those behind you, would you?). And the food vendors are cash only. Details here. 

IBJ A&E Season Preview event

September 11, 2012

 

Sept. 19

Butler University

Want a sampler of what’s in store this season? This free event features performances, on-stage interviews, prize giveaways and more. I’ll be hosting, with featured entertainment from the Indianapolis Chamber Orchestra, Storytelling Arts, the Heartland Film Festival, the Cabaret at the Columbia Club, and much more. A gathering afterward offers a chance to meet representatives from Indy performing arts groups. Reserve seats by sending a note to [email protected] with IBJ A&E Season Preview in the subject line. Details here. 

G.I. Joe tops museum’s toy list

September 11, 2012

The Children’s Museum of Indianapolis said visitors have chosen G.I. Joe as their favorite toy from the last century. More than 24,000 votes were registered over eight weeks of voting. Transformers finished second in the voting and Lego placed third. Barbie was fourth and View-Master was fifth. Other notables included Cabbage Patch Kids (seventh), Crayons (eighth), Play-Doh (ninth), Spirograph (12th), Hot Wheels (15th) and Silly Putty (19th).

Accident clogs downtown traffic

September 11, 2012

Downtown Indianapolis traffic suffered major backups Tuesday morning after an accident on eastbound Interstate 70 near the Interstate 65 north split. A semi-tractor overturned about 9 a.m. No injuries were reported, but cleanup could take hours.

Man’s body found on East 31st Street

September 11, 2012

Police believe a dead man found Tuesday morning in the front yard of a home on the east side of Indianapolis died of gunshots. Police received a tip about the body and arrived at the scene in the 3900 block of East 31st Street about 7 a.m. Police are interviewing neighbors to see if there are any witnesses.

Purdue faculty leader urges cooperation with Daniels

September 11, 2012

The leader of Purdue University's faculty senate has encouraged professors to cooperate with Gov. Mitch Daniels has he prepares to take over as the school's president in January.

Vegetable growers, Dow settle dispute over new herbicide

September 11, 2012

A coalition of vegetable growers and food producers led by Indiana-based Red Gold Inc. will ease off their opposition to a new herbicide developed by Indianapolis-based Dow AgroSciences LLC.

Straub named to lead police in Washington city

September 11, 2012

The Spokane City Council voted 6-0 Monday night to approve Frank Straub as the city's director of law enforcement.

IndyCar Series appears headed to Rhode Island in 2013

September 11, 2012

The 2.1-mile street course will have considerable elevation changes and run past Brown University and the state capitol building. But can such an ambitious endeavor be profitable?

Judge denies airport’s objection to competing parking lot

September 11, 2012

A Marion County judge has denied a legal challenge by the Indianapolis Airport Authority that would prevent a Cincinnati-based developer from opening a competing parking lot near the airport.

Game maker Fundex files for bankruptcy reorganization

September 11, 2012

The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.

Rushville manufacturer to add up to 45 jobs in $26M expansion

September 11, 2012

Intat, a subsidiary of Japan-based Aisin Takaoka Co. Ltd., makes metal casting pieces for use in auto manufacturing. It employs about 230 people in Rushville, about 40 miles southeast of Indianapolis.

Auto parts manufacturer plans plant, 47 jobs in Shelbyville

September 11, 2012

Faeza Alloyers USA, a metal alloys manufacturer and fabricator, said it will invest nearly $7.6 million to construct and equip a 36,000-square-foot facility in Shelbyville, its first in the United States for the Mexico-based company.

Expert: Stage collapse payments ‘exceedingly fair’

September 11, 2012

Kenneth Feinberg, the architect of compensation for victims of last year's  Indiana State Fair tragedy, said officials had limited resources to compensate more than 50 victims and the families of seven who were killed.

General Growth rejects call for sale of company to Simon

September 11, 2012

General Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s request to put itself up for sale and said it will remain independent.

Answers on $526M in tax mistakes expected in December

September 11, 2012

Auditors reviewing $526 million in tax errors made by Indiana's tax collection agency said Monday they will investigate whether state employees are knowledgeable enough to track tax collections and whether the state has adequate internal controls to guard against future errors.

Sales/acquisitions

September 10, 2012

-J & J Investments I LLC bought 5.96 acres of retail land at 6106 Massachusetts Ave. The buyer was represented by Fabricio Perez of Equity Wealth Realty LLC. The seller, Empire TFI Indy Holdings LLC, was represented by Bob Lindgren and Ron Mannon of Lee & Associates

-TriVis Capital Partners bought 116th Street Centre, a 46,695-square-foot retail center with 3.32 acres of undeveloped land, at East 116th Street and Guilford Road, Carmel. The seller, LaSalle 115 Holdings LLC-Series 1, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.

Leases/leasing contracts

September 10, 2012

-Recycle Force leased 51,500 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, The National Bank of Indianapolis, was represented by Ashley Bussell, Ralph Balber and Conrad Jacobs of Newmark Knight Frank Halakar. The tenant represented itself.

-ERGO Office Furniture leased 40,794 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Steven Schaub of Summit Realty Group. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-LaForce Inc. leased 12,403 square feet of industrial space at 7750 Zionsville Road. The tenant was represented by John Hanley of CBRE. The landlord, C III Asset Management LLC, was represented by Michael Weishaar of Cassidy Turley.
 
-Senex Services leased 8,601 square feet of office space in College Park, 3333 Founders Road. The tenant was represented by Brian Askins of UGL Services-Equis Corp. The landlord, Crestline Investments LLC, was represented by Matthew Broderick of Acorn Group.

-IN Motion Orthopaedics Inc. leased 6,996 square feet of industrial space at 8904 Bash St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Meridian Services Corp. leased 6,711 square feet of office space at 2506 Willowbrook Parkway. The tenant was represented by Monte Brown of CB Lunsford. The landlord, Oakleaf Properties LLP, was represented by Matthew Broderick and Charlie Waggoner of Acorn Group.

-GreenLight Collectibles leased 5,515 square feet at 5755-5857 W. 74th St. The tenant was represented by Matt Waggoner and Brad Williams of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke’s Kate Ems.

-Benchmark Family Services leased 4,577 square feet of office space at 2506 Willowbrook Parkway. The tenant was represented by Anton Graves of DTM Real Estate Services LLC. The landlord, Oakleaf Properties LLP, was represented by Charlie Waggoner and Matthew Broderick of Acorn Group.

-Simeri’s Italian Restaurant leased 2,600 square feet at Geist Shoppes, 10410 Olio Road, Fishers. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, Ameriana Bank, was represented by Dean Almas of Sitehawk Retail Real Estate.
 
-AT&T renewed its lease for 2,500 square feet at Southport Commons, 4850 E. Southport Road. The tenant was represented by Kevin K. Kancherla of Excess Space Retail Services. The landlord, Southport Commons, was represented by John Baker and Larry Davis of Sitehawk Retail Real Estate.  

-Panda Express leased 2,200 square feet at Charles Street North, 4682 S. Scatterfield Road, Anderson. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Charles Street Associates LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.  
 
-Josue Villalta MD leased 1,809 square feet of office space in Methodist Medical Plaza I, 6920 Parkdale Place. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, HTA-Medical Portfolio 3 LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.

-Jack’s Pizza renewed its lease for 1,200 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Fabulous Hair & Nail Salon leased 900 square feet of retail space at 2912 W. 16th St. The tenant and landlord, Indy Management Group, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Residential

September 10, 2012

The average rate for 30-year mortgages fell from 3.80 percent to 3.79 percent in the week ended Sept. 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.03 percent to 3.04 percent.

Construction

September 10, 2012

-Charles C. Brandt Construction Co. has completed a 10,000-square-foot build-out for Ogletree Deakins on the 45th floor of Chase Tower.

-Capitol Construction has completed a 13,400-square-foot retail build-out for Saddle Up Saloon at 6378 E. 82nd St.

-Capitol Construction has completed a 4,000-square-foot office remodel for PPG Aerospace at 6022 Corporate Way.

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