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The U.S. economy is showing signs of bouncing back and, if it does, look for drugmakers and medical-device companies to benefit. But if the economy has another summer stall like last year, expect health insurers to benefit.
-Ariva leased 40,192 square feet in Park Fletcher 35, 2850 S. Lynhurst Ave. The tenant was represented by Jake Sturman and Brian Seitz of Jones Lang LaSalle. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-COASH LLC (dba IMC Credit Services) leased 15,475 square feet of industrial space at 6911 6999 Hillsdale Court. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-KCI renewed its lease for 12,800 square feet in Park 100 Building 59, 8002-42 Woodland Drive. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, Duke Realty Corp., was represented by Duke’s Kate Willen Ems.
-Assurant Employee Benefits renewed its lease of 11,750 square feet of office space at 8425 Woodfield Crossing Blvd. The tenant was represented by Brian Askins of UGL Equis. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Sherwin Williams renewed its lease of 3,508 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-American Teleservices Association Inc. leased 2,930 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, PWA Keystone Crossing, LP, was represented by Andy Martin, Bennett Williams and Mike Semler of Cassidy Turley.
-DeVry University leased 2,595 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley and Stella Fortunato of Newmark Knight Frank Halakar. The landlord, Keystone Investors LLC, was represented by John Robinson of Jones Lang LaSalle.
-Tricor Automotive leased 2,280 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Edible Arrangements leased 1,500 square feet of retail space at 17 N. Pennsylvania St. The tenant was represented by Allison Tiefel of Cassidy Turley. The landlord, GLJ Realty, represented itself.
-Hennessy & Roach, PC leased 1,307 square feet of office space at 9339 Priority Way W. Drive. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Transwestern, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Lockheed Martin renewed its lease of 1,258 square feet of office space at 8021 Knue Road. The tenant was represented by Paula Thompson of Jones Lang LaSalle. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Clear Lane Freight Systems LLC leased 1,116 square feet of office space at 6100 N. Keystone Ave. The landlord, DM Property Management Inc., was represented by Bennett Williams and Andy Martin of Cassidy Turley. The tenant represented itself.
-Phone Recycling Centers of America leased 1,080 square feet at Castleton Market Place, 8413 Castleton Corner Drive. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Maquina Realty Inc., was represented by Jeff Hubley of Midland Atlantic Properties.
-Ultra Swift LLC leased 301 square feet at Chapel Hill Professional Complex, 650 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
After years of screaming by employers that spiraling health care spending is crimping their profits and forcing them to hold down wages, the economic impact study released last week by Indiana University Health suggests health care spending is an unmitigated blessing to the Indiana economy.
The average rate for 30-year mortgages fell from 4.14 percent to 4.10 percent for the week ended Feb. 15, according to Bankrate.com. The rate for 15-year mortgages fell from 3.36 percent to 3.35 percent.
Gas prices jumped more than 30 cents per gallon over the weekend, driving more motorists to sign up for loyalty programs that offer savings. The average price of a gallon of gas in Indiana was $3.46 on Monday morning; IndyGasPrices.com said the local high was $3.69 at an east-side station and the low was $3.09 at a north-side Sam’s Club—but only for club members. Analysts said more drivers are looking for such deals as prices keep climbing.
Children playing with lighters started two fires in two days, forcing eight Indianapolis families from their homes. On Saturday, fire crews were called to Pickwick Farms Apartments in the 9400 block of Ditch Road after a girl using a lighter to roast marshmallows ignited a paper bag. The blaze caused an estimated $300,000 in damage to seven apartments, displacing 20 residents. The next day, 10 people were chased from a home in the 8100 block of Wysong Drive after a boy spending the night found a lighter and set fire to his bed. Damages there were estimated at $50,000.
A Hoosier Lotto ticket sold at a Shelbyville smoke shop matched all the numbers to win the third-highest jackpot in the history of the game. The Hoosier Lottery said Sunday the ticket for Saturday night’s drawing is worth $34.5 million, equaling a jackpot shared by a group of Amtrak co-workers in Beech Grove in 2010. The winning numbers were 3, 7, 18, 19, 23 and 25. The ticket was sold at the Smokers Host discount tobacco store on Harrison Street.
-CWS Realty Holdings LLC bought 7.56 acres in Lebanon Business Park at State Road 39 and Interstate 65. The price wasn’t disclosed. The buyer was represented by Jay Archer of Duke Realty Corp. The seller, Universal Properties LLC, was represented by Wayne Kelly of Kaiser Land.
-Record Street Warehouse bought a 110,000-square-foot industrial building at 7800 Record St. The price wasn’t disclosed. The buyer was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services. The seller, LBC Corp., represented itself.
-Dairy Queen bought an 1,800-square-foot freestanding retail building at 2425 National Road. The price wasn’t disclosed. The buyer was represented by Brad Walker of Landmark Properties. The seller, Eastside Development Co. LLC, was represented by Scot Courtney of Lee & Associates.
-Kort Builders has completed a 4,985-square-foot retail space for Scrubs & Beyond at 5151 E. 82nd St., Suite 500/600.
-Kort Builders has completed a 3,250-square-foot restaurant space for Apezza Pizza at Fall Creek Harbour, 10150 Brooks School Road, Fishers.
-Kort Builders has completed a 2,300-square-foot retail space for Ossip Optometry at 54 Monument Circle.
A new study says northern Indiana politics may not be as corrupt as its reputation suggests.
Airport Authority OKs runway extension at Hancock County facility, fueling competition with Hamilton County's Executive Airport.
The two downtown attractions are among several entities that purchased permits in November and now are seeking approval from county officials to sell liquor.
Moore's Law states that the number of transistors that can be placed on an integrated circuit doubles every 18 months to two years, and it's predicted to reach its limit with existing technology in 2020.
The Senate is set to consider a statewide smoking ban as well as legislation that would aside another $5 million for victims of the Indiana State Fair stage collapse.
The reopening of the Sherman Minton Bridge has business returning to normal more than five months after a crack in load-bearing steel led to Gov. Mitch Daniels to order the span over the Ohio River closed.
The ousted secretary of state claims Sen. Richard Lugar and former Sen. Evan Bayh vote from Indiana despite living near Washington, D.C. Lugar doesn't own a home in Indiana, and tea party activists want his candidacy disqualified as a result.
Lawrence Township Schools has fired a football coach and instructional assistant after he allegedly choked a student inside the school. Lawrence Police are also investigating the incident in which the coach, Desmoin Cooksey, allegedly put an 18-year-old student in a headlock so that he couldn’t breathe. No arrests have been made.
Eagle Creek Park hopes to capture the excitement generated by the zip line in the Super Bowl Village by adding a zip-line attraction of its own. Officials are working with United Kingdom-based adventure-course company Go Ape Ltd. to build a zip-line course in the municipal park on the northwest side of Indianapolis. The course, which will include four zip lines, will likely be built this spring and could be operating by Memorial Day.
The Super Bowl generated more than $1 million in merchandise sales at Indianapolis International Airport and brought 528 additional aircraft to the facility and its regional reliever airports.
