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500 Festival Parade

May 23, 2012

May 26

Downtown

 The celeb lineup as of press time looks musically old school (Eddie Money, Olivia Newton-John, Gladys Knight, Rick Springfield…) and reality-TV-heavy (including folks from “Storage Wars” and “Deadliest Catch”), so it’s another year when we’ll have to remind ourselves that the 500 Festival Parade is really a celebration of the drivers. And so it is. Look for the traditional side-by-side-by-side trios of drivers as well as appearances by Mario Andretti and Johnny Rutherford, plus balloons, bands and more. Details here.

“Flights of Fancy: A Brilliance of Birds”

May 23, 2012

 

Opening May 26

Indianapolis Zoo

Say goodbye to the goats from the petting area of the zoo behind the merry-go-round. Say hello to a lorikeet resting on your head picking at your ear wax. This weekend, the Indianapolis Zoo gets a significant upgrade—and patrons may make some new feathered friends—with this new permanent exhibition. Included is a flamingo-filled outdoor area with barely a barrier, walk-through aviaries with flocks of birds all around, and a 4-D theater where (for an additional fee), Dora and Diego take about 50 people at a time on a wind-blown, banana-smelling, bubble-blowing trip to the tropical rainforest. There’s a playground, too, and an area designed to attract local birds to the exotic mix. Also cool: A new Nursing Mom’s Nest, a separate building with privacy areas (decorated with animal-painted art) for when it's feeding time for the humans. Details here. 

Fashion retailer bebe joining revamped Castleton Square

May 22, 2012

The women's fashion chain bebe is taking the space now occupied by Kirkland's near the southern entrance to Castleton Square Mall.

Hot Wheels exhibit rolls into museum

May 22, 2012

Those Hot Wheels cars found at the toy store that feature flashy colors, interesting designs and plenty of chrome are now going full-size at The Children’s Museum of Indianapolis. The “Hot Wheels for Real” exhibit, in a partnership with Mattel, features full-size replicas of some cars and some special orange track setups. The exhibit opens Saturday and runs through January.

Indy 500 faces record heat

May 22, 2012

The Indianapolis 500 could set a track record for heat during this year’s race. Weather forecasts say it could reach 94 degrees during Sunday’s race with a 100-degree heat index, which factors in humidity. That would break the previous race-day record of 92 degrees set in 1937. The Indianapolis Motor Speedway said it will use cooling fans and misting stations to help fans stay cool. The speedway medical staff expects to treat more than 1,000 people for heat-related illness on race day.

Woman pleads not guilty to killing pastor

May 22, 2012

The woman accused of fatally shooting a local minister pleaded not guilty at her initial hearing Tuesday morning. Lori Barcroft, 46, allegedly shot and killed Pastor Jaman Iseminger, 29, on Saturday morning while he was in his office at the Bethel Community Church in Southport. Barcroft’s mother said her daughter has attention deficit hyperactivity disorder and abuses the drug Adderall. Other family members said they think Barcroft is mentally ill and dangerous.

Indy 500 Last Row Party rolls out new features

May 22, 2012

One of the Indy 500’s best peripheral events, the Last Row Party celebrates its 40th anniversary. Organizers have several special activities and guests slated this year.

Bicycle race to debut in Speedway

May 22, 2012

More than 400 two-wheel racers and thousands of spectators are expected to descend on downtown Speedway June 1 for the first Tri West Criterium. Top cyclists are expected to hit average speeds of near 30 miles an hour on a tight, closed course.

First stage of $85M downtown project up for approval

May 22, 2012

The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.

Sales of existing homes up nationally in April

May 22, 2012

Modest increases in home sales are the latest sign that the market could be starting to turn around nearly five years after the housing bubble burst. Still, housing construction remains at roughly half the pace that economists consider a healthy market.

Fire won’t stop Shelby County fair, organizers say

May 22, 2012

Organizers plan to put on a central Indiana county fair as best they can despite a weekend fire that destroyed its 133-year-old wooden grandstands.

Retail lineup taking shape for CityWay project

May 22, 2012

CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.

Gregg, Pence tap women for gubernatorial tickets

May 22, 2012

Republican candidate Mike Pence toured the state Monday with his choice for lieutenant governor: state Rep. Sue Ellspermann. Democratic candidate John Gregg, meanwhile, is set to announce that longtime Senate Minority Leader Vi Simpson will join his ticket.

Construction

May 21, 2012

-Kort Builders has completed a 5,040-square-foot restaurant space for Tin Roof at 36 S. Pennsylvania St.

-Kort Builders has completed a 2,526-square-foot retail space for Massage Envy at 6815 S. Emerson Ave., Southport.

-Kort Builders has completed a 4,400-square-foot retail space for Play It Again Sports at 2332 E. 116th St., Carmel.

People

May 21, 2012

Glenn B. Davis has been promoted to president and managing director of the Indiana Region of Colliers International.

Residential

May 21, 2012

The average rate for 30-year mortgages fell from 4.02 percent to 3.97 percent in the week ended May 16, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.2 percent.

Leases/leasing contracts

May 21, 2012

-Ingersoll Rand leased 78,200 square feet of industrial space at 2363-2383 Perry Road. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Western Waterproofing Co. Inc. renewed its lease for 10,000 square feet of industrial space at 4143 Kingman Drive. The landlord, Carl Weedman Family Trust and Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-Custom Med leased 8,000 square feet of industrial space in Corporate Center North, 6005 W. 71st St. The tenant was represented by Scott Herider and Ron Mannon of Lee & Associates. The landlord, CALEAST Industrial Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.

-Cerulean Restaurant leased 6,165 square feet of retail space in City Way, 339 S. Delaware St. The tenant was represented by Robyn Smart of Lee & Associates.  The landlord, NOS Hotel Partners LLC, was represented by Natasha Evans of Buckingham Cos.

-Indy Complete Fitness LLC (dba CrossFit Nap Town) leased 5,600 square feet of retail space at 609 N. Delaware St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Progressive Homecare Services Inc. leased 5,400 square feet of industrial space at 8930 Bash St. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley. The tenant represented itself.

-Perkins Restaurant renewed its lease for 4,800 square feet of retail space at 5320 E. 82nd St. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley. The tenant represented itself.
    
-Morningstar Church leased 3,600 square feet of retail space at 2915 S. Meridian St. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, D&E Enterprises Inc., was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
 
-Tieline Technology LLC leased 2,270 square feet of office space at 7202 E. 87th St. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley. The tenant represented itself.

-Andy Tools renewed its lease for 2,265 square feet of industrial space in Park Castlewood, 8445 Castlewood Drive. The tenant and landlord, KHK LLC, were represented by Spero Pulos of Lee & Associates.

-DBR Enterprises Inc. leased 1,805 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-MSDU Corp. leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, Cassidy Turley, as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

Sales/acquisitions

May 21, 2012

-IVC Food Services Plainfield, dba Dunkin’ Donuts, bought a 3,000-square-foot building at 2120 Stafford Road, Plainfield. The price was not disclosed. The buyer was represented by Nicholas Wright of Newbridge Commercial Real Estate. The seller, Carol Alexander, represented herself.

-Mustard Seed Cos. Inc., dba Mustard Seed Landscapes & Garden Center, bought approximately 3 acres with improvements at 77 Metsker Lane, Noblesville. The price wasn’t disclosed. The buyer was represented by Nicholas Wright of Newbridge Commercial Real Estate. The seller, Mark Fineberg, represented himself.

Fast-growing Gordmans plans new store in Avon

May 21, 2012

The Omaha-based fashion and home decor store Gordmans plans to open its first Indianapolis-area store in Avon in the Gables Crossing shopping center.

Shareholders vote disapproval of Simon’s $120M bonus

May 21, 2012

Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million retention award given to CEO David Simon.

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