UPDATE: Fund for state fair victims rises to $242K
Central Indiana Community Foundation spokesman Mike Knight said the State Fair Remembrance Fund contained $242,404 as of Tuesday. Officials are still determining how to distribute the money.
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IEDC, Conexus form aerospace, defense council
The Indiana Aerospace and Defense Council brings together industry leaders to begin creating a plan to grow the sector. IEDC and Conexus say Hoosier defense contractors have created 1,800 jobs in the past two years.
Ex-Countrymark CEO again seeking early release
David Swanson, who is serving a 12-year sentence for wire fraud, money laundering and tax evasion, has succeeded in getting a federal appeals court to hear his case for early release.
Mortgage firm plans local expansion, 140 jobs
Royal United Mortgage LLC, an Indianapolis-based mortgage firm, announced plans Tuesday to expand its local operations, adding up to 140 employees by 2013.
Air tool manufacturer plans Indiana expansion
Sullair Corp., which makes air compressors and other air tools, says it will expand its headquarters in northern Indiana and expects to add up to 113 jobs in the next few years.
Survey: 1.7 percent of Indiana jobs are ‘green’
The report found construction, services and trades accounted for well over 60 percent of the state's green jobs.
Indiana University system reaches record enrollment
School officials say that 108,041 students enrolled for the first day of fall semester classes at its eight campuses around the state.
Frontier flight attendants ratify labor contract
The union representing nearly 1,000 flight attendants ratified a labor agreement with Republic Airways subsidiary Frontier Airlines aimed at cutting costs.
Another lawsuit filed in Indiana fair stage collapse
The family of a Fort Wayne woman killed when a stage collapsed at the Indiana State Fair filed a lawsuit Monday alleging gross negligence and recklessness by the promoters and producers of the concert.
Residential
On a seasonally adjusted basis, the pace of mortgage loan applications decreased 2.4 percent for the week ended Aug. 19, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.39 percent from 4.32 percent the previous week. The rate for 15-year mortgages rose to 3.56 percent from 3.47 percent.
People
–Richard King III has joined Lee & Associates and an adviser in the office department.
–Gus Sevastianos has joined Corporate Cleaning Systems Inc. as director of business development working with the owners, managers and listing brokers of commercial property.
Construction
-S&B Construction Group is building out a 6,400-square-foot space for an Advance Auto Parts store at 2334 E. Stop 11 Road. The project is scheduled to be completed in October.
-Capitol Construction Services has completed a 2,500-square-foot build out for Stonegate Mortgage in South Park Business Center, 1499 Windhorst Way, Suite 200, Greenwood.
-Duke Realty was selected to complete a 214,000-square-foot build out for Skjodt-Barrett Foods at 401 South Enterprise Boulevard, Lebanon. The project is scheduled to be finished in October.
Leases/leasing contracts
-Baker & Taylor Inc. renewed its lease for 504,164 square feet at Park 100 Building 140, 5045 W. 79th St. The landlord, Pinchal and Co., was represented by Jay Archer of Duke Realty. The tenant represented itself.
-JIT Services LLC leased 44,800 square feet at Park 100 Building 58, 5136 W. 82nd Street. The landlord, Duke Realty, was represented by Jay Archer and Kate Willen of Duke. The tenant represented itself.
-Community Action of Greater Indianapolis leased 18,140 square feet of office space at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Blue River Village leased 14,200 square feet at Bel-Aire Shopping Center, 2543 SR 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Maxim Healthcare Services Inc. leased 5,828 square feet of office space at 6505 East 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Forge Industrial Staffing leased 4,683 square feet at Chapel Hill Shopping Center, 7437 W. 10th St. The landlord, Glendale Partners of Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Fusion Alliance leased 4,147 square feet for an expansion at Woodland Corporate Park I, 7602 Woodland Drive. The landlord, Duke Realty, was represented by Traci Kapsalis of Duke. The tenant represented itself.
-Advantage Sales & Marketing LLC leased 2,877 square feet of office space at 6505 East 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Greenwood Family Dentistry leased 2,859 square feet of office space in Meridian Meadows, 3001 Meridian Meadows Drive, Greenwood. The tenant was represented by Mike Kensill of Lee & Associates. The landlord, Cassidy Turley Midwest Inc., was represented by Allison Tiefel of Cassidy Turley.
-Community Hospital renewed its lease for 2,649 square feet of office space in Murphy’s Landing Professional Building, 6925 S. Harding St. The tenant was represented by Rob Lukemeyer of Baseline. The landlord, The Copeland Family 1995 Trust, was represented by Cathy Richards of Lee & Associates.
-Kids Peace leased 2,561 square feet of office space at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Therber Brock & Associates Inc. leased 1,855 square feet of office space at 8440 Woodfield Crossing. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Emani Nails leased 1,600 square feet at Windermere Place, 10606 E. 96th St., Fishers. The landlord, 10600 Property Group LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Dr. Kyle Hoeft leased 1,539 square feet at 3985 W. 106th St., Carmel. The tenant was represented by Alex Cantu of Summit Realty Group. The landlord, 3985 Property Group, was represented by Paul Rogozinski of Veritas Realty.
-Potter Family Eye Care leased 1,508 square feet at McCordsville Commons, 5953 W. Broadway, McCordsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, McCordsville Commons LLC, was represented by Paul Rogozinski of Veritas Realty.
-L. Eckert Co. renewed its lease for 1,500 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.
-Coyles Odds and Ends Collectibles leased 1,400 square feet at Bel-Aire Shopping Center, 2513 SR 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-ServiceMaster @ Your Service renewed its lease for 699 square feet at 5455 W 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
-Huntington National Bank leased 0.70 acres of land at 7878 E. 96th St., Fishers. The tenant was represented by Scot Courtney of Lee & Associates. The landlord, NNE Associates LLC, was represented by Robyn Smart of Lee & Associates.
Sales/acquisitions
-CABOT bought a 795,237-square-foot, multi-tenant bulk industrial building in the Precedent South Business Center at 800 Commerce Parkway West Drive, Greenwood. The price wasn’t disclosed. The seller, Quadrangle Development Co., was represented by Angie Wethington and Jeff Castell of Cassidy Turley. The buyer represented itself.
-Winthrop Partners LLC bought the 30,000-square-foot former Monon Fitness Center and 1.3 acres of land at 5301-5307 Winthrop Ave. The property was listed for $499,900. The sale price was not disclosed. The buyer was represented by Nathan Altman of Altman & Associates. The seller, Helen Gray, was represented by Glenn Bill of CENTURY 21 Scheetz.
Correction
Andrew Schrage of Coldwell Banker Commercial represented the tenant, Vincennes University, and John Hanley of CB Richard Ellis represented the landlord, Indy 40 Building I LLC, in a 30,162-square-foot lease at Sierra Gateway Park Building I, 853 S. Columbia Ave., Plainfield. The brokers’ roles were listed incorrectly in last week’s Real Estate Weekly.
Lauth’s Eaglepoint fattens up on racing teams
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
Developer plans $40M apartment and retail project
A local developer is planning a $40 million apartment and retail development northwest of 86th Street and Keystone Avenue.
Indiana Board of Education OKs takeovers of 5 schools
Private companies will take over five public schools that a state official called in "various stages of dire situations" after the State Board of Education made the recommendation Monday because of poor classroom performance.
Sculpture headed back atop Indianapolis monument
A 38-foot-tall bronze sculpture will soon be back atop the Soldiers and Sailors Monument in downtown Indianapolis.
Irene cancels local flights
A number of flights to and from Indianapolis have been canceled because of Hurricane Irene. About 20 flights coming and going from airports like Newark, Philadelphia, Boston, Washington and New York were canceled Monday. That number is down from Sunday, when about 60 flights were canceled. Millions of people on the East Coast are still without power after the weekend storm, which left at least 21 people dead.