Salvation Army running short of annual fundraising goal
As of Wednesday, the Salvation Army’s Indiana Division had reached just 51 percent of its $3.2 million goal for its annual Tree of Lights campaign.
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UPDATE: Judge throws out secretary of state election
An attorney for Charlie White said "he's not going anywhere" despite a judge's ruling Thursday that the embattled Indiana Republican secretary of state be removed from office because he was improperly registered as a candidate.
Construction
-Capitol Construction completed a 4,000-square-foot build-out for Capstone at 8910 Purdue Road.
-Capitol Construction completed a 3,500-square-foot build-out for Caterpillar at 10585 N. Meridian St.
Residential
The average rate for 30-year mortgages rose from 4.19 to 4.20 percent for the week ended Dec. 21, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.42 percent.
Leases/leasing contracts
-Technical Youth LLC, dba Brooksource, leased 8,140 square feet of office space at 8365 Keystone Crossing and 8395 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley. The tenant represented itself.
-The Medicaid Fraud Unit of the Office of the Attorney General leased 7,218 square feet of office space at 8005 Castleway Drive. The tenant was represented by Tim O’Brien of Colliers International. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-27 Beers Inc., dba Gatsby’s Bar & Grill, leased 3,200 square feet at Intech Commons Retail Center, 6335 Intech Commons Drive. The landlord, Inland American Retail Management LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Massage Envy leased 2,600 square feet at Emerson Commons I, 6815 S. Emerson Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, First Emerson Commons Way LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Alternative Construction/Re-Bath renewed its 2,550-square-foot lease for industrial space in Hawthorn Park, 6886 Hawthorn Park Drive. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, Mann Properties, was represented by Craig Cleveland of Mann Properties.
-Toppers Pizza leased 2,520 square feet at Hamilton Crossing Centre, 12201 N. Meridian St., Carmel. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Foundations Financial Group leased 2,400 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite S. The tenant was represented by Kevin Piper of Colliers International. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development.
-Dana T. Greenwood leased 2,019 square feet of office space at 9840 Westpoint Drive. The landlord, Crosspoint Partners IV LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented herself.
-Masterlab renewed its lease for 2,000 square feet of retail space in Cherry Tree Plaza, 9731 E. Washington St. The tenant and landlord, Sandor Development, represented themselves.
-NZR Consulting Inc. leased 1,712 square feet of office space at 10425 Commerce Drive, Carmel. The landlord, West Carmel I LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented itself.
-Orange Leaf Frozen Yogurt leased 1,600 square feet at Green Street Square, 1551 N Green St., Brownsburg. The tenant was represented by Donna Hovey of CBRE. The landlord, Cranfill Enterprises LLC, was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Universal Barber Shop leased 1,600 square feet of retail space in Lafayette Place, 3748 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-WeBuyAnyCar.com leased 1,280 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite F1. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Sandra’s Hair Braiding leased 1,176 square feet of retail space in Esquire Plaza, 8141 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
-We Buy Gold leased 1,060 square feet of retail space in River Ridge Plaza, 2040E S. Scatterfield Road, Anderson. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
-Flory's Salon renewed its lease for 1,000 square feet of retail space in Honey Creek Plaza, 3841 Moller Road. The tenant and landlord, Sandor Development, represented themselves.
Sales/acquisitions
-New York-based Embassy Group bought the 478-unit Chesapeake Landing apartments at 3640 Beluga Lane. The price wasn’t disclosed. The buyer, which has renamed the complex Astoria Park, and seller, GE Capital Real Estate, were represented by Tikijian Associates.
-Greenwood-based EMK Property Investors bought 104-unit Harbour Town Apartments on Morse Reservoir, Noblesville. The property was listed for $4.25 million. The sale price wasn’t disclosed. The buyer and seller, Los Angeles-based RPD Catalyst, were represented by Tikijian Associates.
-1560 W. Raymond Street LLC bought Frontier Transport, a 27,500-square-foot industrial building at 2170 S. Harding St. The price wasn’t disclosed. The buyer was represented by John Demaree of Summit Realty Group. The seller, Margie J. Cook, was represented by Bob Dominguez and Ross Reller of Colliers International.
-KLC Realty LLC bought a 6,500-square-foot freestanding retail building at 6029 W. 10th St. The price wasn’t disclosed. The buyer was represented by Joe Tarpey and Greg Smith of Colliers International. The seller, ONB Realty I LLC, was represented by Jim Karozos of Lee & Associates.
Judge rules Charlie White ineligible for candidacy
A Marion County judge has ruled that Secretary of State Charlie White was ineligible to be a candidate and the office should go to Democrat Vop Osili, his challenger in the 2010 election.
Progress slow on variety of metro area deals
Many projects we reported on here over the past year are still in progress, confirming that the real estate market is still sluggish.
Delay asked in suit against Indiana immigration law
Attorney General Greg Zoeller wants to delay two lawsuits challenging Indiana's tough new immigration law because the U.S. Supreme Court is taking up the issue in an Arizona case.
Indictment: Durham looted Fair Finance
Indianapolis financier Tim Durham was indicted on wire and securities fraud charges in March—the culmination of a federal probe that began in 2009.
State’s economy still stuck in neutral
The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.
Patent expirations up pressure on Lilly
Eli Lilly and Co. lost patent protection on its $5-billion-a-year best-seller Zyprexa in October, plunging the company into the long-awaited zone of uncertainty that it calls “Years YZ.”
Las Vegas calamity saps IndyCar momentum
IndyCar Series CEO Randy Bernard racked up a number of accomplishments early in 2011 but was buffeted by challenges late in the year—most notably a crash at a Las Vegas race in October that left one driver dead and the future of the series mired in uncertainty.
Openings launch new era for Indianapolis tourism
The $275 million Indiana Convention Center expansion was completed in January, and the 1,005-room JW Marriott opened the following month.
Rolls-Royce relocates 2,500 jobs to downtown
The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being renamed the Rolls-Royce Meridian Center.
Spate of Indiana firms lines up for IPOs
The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another $31 million by selling some of their holdings.
Far-flung areas court Super Bowl spending
Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.
Real estate meltdown leaves developers reeling
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.