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Multi-family housing project slated for Monon Trail

September 20, 2011

King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.

IPS losing ground as state’s biggest school district

September 20, 2011

Indiana's two largest school districts both say they've seen small enrollment drops, with No. 2 Fort Wayne Community Schools inching closer in size to No. 1 Indianapolis Public Schools.

Otis Elevator expected to close plant with 200 workers

September 20, 2011

Bloomington city officials say it appears an Otis Elevator Co. plant with about 200 workers will be closing next year after the company opens a new plant in South Carolina.

Dillinger relative considers moving gangster’s home

September 20, 2011

A great nephew says he's talking with people in Greencastle and two out-of-state locations about sites for his collection of Dillinger items and possibly the farmhouse that is now in Dillinger’s hometown of Mooresville.

WellPoint buying private health insurance exchange

September 20, 2011

The deal helps WellPoint compete for employers with the U.S. state-run marketplaces set to open in 2014 under President Obama’s health-care overhaul.

Indiana sets up special process for state fair claims

September 20, 2011

The state on Monday asked families of those killed or injured in a deadly stage collapse at the Indiana State Fair to complete a new customized claim form by Nov. 1 so the state can expedite settlements.

Construction

September 19, 2011

-Kort Builders has completed a 4,000-square-foot expansion of the offices of Kenra Hair Products at 22 E. Washington St.

-Kort Builders has completed a remodel of De Veau’s School of Gymnastics, a 30,000-square-foot facility at 9032 Technology Drive.
 
-Kort Builders has completed six, 3,120-square-foot retail space remodeling projects for Cash America at various Indianapolis locations.

People

September 19, 2011

–Dean Almas has joined Sitehawk Retail Real Estate as a senior leasing associate.

–Robert Stefanski has joined Lauth as vice president of property management.

Residential

September 19, 2011

On a seasonally adjusted basis, the pace of mortgage loan applications increased 6.3 percent for the week ended Sept. 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.17 percent from 4.23 percent the previous week. The rate for 15-year mortgages fell to 3.40 percent from 3.41 percent. The new rates are the lowest in the history of the Mortgage Bankers Association survey.

Leases/leasing contracts

September 19, 2011

-Summit Realty Group has been hired by Major Health Partners to market Intelliplex, a 141-acre certified technology park at Bassett Road and Interstate 74 in Shelbyville. Summit’s Brian Dell will head up marketing of the park.

-Hachette Book Group Inc. renewed its lease for 395,679 square feet in Lebanon Business Park, Building 9, 322 S. Enterprise Blvd., Lebanon. The tenant was represented by Terry Busch of CB Richard Ellis. The landlord, Duke Realty, was represented by Duke’s Jay Archer.

-Firestone Diversified Products LLC renewed its lease for 67,200 square feet in Exit 5 Business Park, 9952 E. 121st St., Fishers. The tenant was represented by Jay Gehl of Hokanson Cos. The landlord, Duke Realty, was represented by Duke’s Jay Archer.

-Belden Inc. leased 30,644 square feet of office space at 401 Pennsylvania Parkway. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, MCP Partners One LLC, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
 
-FujiFilm Medical Systems USA Inc. leased 11,245 square feet of office space at 8021 Knue Road. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Interactions Corp. leased 6,008 square feet of office space at 3035 N. Shadeland Ave. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, 3035 North Shadeland Associates LP, was represented by Bennett Williams and Kevin Kempf of Cassidy Turley.

-Precious Cargo Childcare Academy leased 5,600 square feet at Shadeland Corner, 4550 N. Shadeland Ave. The landlord, Shadeland Center LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.

-Enterprise Title extended its lease of 3,925 square feet at 8500 Keystone Crossing. The landlord, PWA Real Estate Inc., was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley. The tenant represented itself.

-Barlo’s Pizza leased 3,600 square feet at South Bluff Crossing, 1345 W. Southport Road. The landlord, Grassy Creek LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.

-Satellite Oasis leased 3,200 square feet of industrial/flex space at Brookville P-52, 8418 Brookville Road. The landlord, Skyline Property Group, was represented by Skyline’s Brady Clements. The tenant represented itself.   

-Ryan Huette State Farm leased 1,200 square feet of retail space at McFarland Market Place, 8028 S. Emerson Ave. The landlord, Skyline Property Group, was represented by Skyline’s Brady Clements. The tenant represented itself.

Sales/acquisitions

September 19, 2011

-Sam Kwon of Vesta Pharmacuticals bought a 20,000-square-foot, multi-tenant building at 5470 Thunderbird Road. The price wasn’t disclosed. The seller, Kern-Lee Properties, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented himself.

-St. Louis-based Thiemann Real Estate bought the 424-unit Keeneland Crest apartments at Interstate 65 and Stop 11 Road. The purchase price wasn’t disclosed. The seller, Harbor Group International LLC, was represented by Steve LaMotte and Dane Wilson of the Indianapolis-Cincinnati Multi-Housing Group of CB Richard Ellis. The buyer represented itself.

Industrial-market sales this year end deal drought

September 19, 2011

Through the first eight months of this year, there were at least seven sales of large industrial properties in the market, compared with zero last year.

Court upholds former pastor’s fraud sentence

September 19, 2011

The Indiana Court of Appeals has upheld a 54-year sentence for a 67-year-old former pastor convicted of pocketing millions of dollars that investors believed would be used to build churches.

Truck accident shuts down I-70 lanes

September 19, 2011

Interstate 70 westbound lanes at Ronald Reagan Parkway in Hendricks County were closed Monday morning after a tanker overturned. Police said the tanker was carrying uranium, but the container was not damaged and the uranium did not leak. The driver was taken to the hospital with slight injuries. Officials said lanes would be closed until the truck could be removed from a ditch.
 

Escaped inmate caught in Iowa

September 19, 2011

An escaped jail inmate who led Indianapolis police on a manhunt is back behind bars. Cody Thurman, 18, was caught in Jackson County in Iowa early Sunday morning after escaping from the Marion County Jail just before 11 p.m. Friday. He was on kitchen-maintenance detail when he escaped his handcuffs and chain line and got away through the underground garage area of the City-County Building. Police tracked Thurman to a residential area on the west side of Indianapolis Saturday about noon, but he had already fled. A tip from a bar owner in Iowa led to his capture in Bellevue.
 

West side hit by armed robberies

September 19, 2011

Police are investigating to see if three robberies that took place early Monday morning on the west side are related. Three armed robbers struck a Plainfield Speedway station at U.S. 40 and Ronald Reagan Parkway about 1:50 a.m. Another armed robbery was reported less than 20 minutes later at a Speedway gas station on 10th Street and Girls School Road. The third incident was reported just before 3 a.m. at an Admiral gas station on Crawfordsville Road. Police are questioning two suspects. No one was injured in the holdups.
 

Daniels outlines fix for national debt in new book

September 19, 2011

Indiana Gov. Mitch Daniels writes in his new book that massive entitlement spending reform is needed to avert a national economic disaster.

Danica Patrick bridge-burning tour continues

September 19, 2011

In a matter of three days, the diva driver takes aim at Brazilian drivers, Japan's food supply and the IndyCar CEO's decision making. So who will she endear in NASCAR?

IU launches $250K student biz-plan competition

September 19, 2011

A group of 10 investors created a $1.1 million fund to support $250,000 in annual prize money to Indiana University students in Bloomington who submit the best business plans for an Internet or software company.

Small claims court could move from City-County Building

September 19, 2011

Citing budget cuts and a rent increase, Center Township Trustee Eugene Akers wants to move the small claims court into the Julia Carson Government Center, against the judge’s wishes.

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