Parking meter replacement set to begin in March
Affiliated Computer Services, which struck a deal late last year to manage the city’s parking meters, will begin replacing meters in downtown Indianapolis and Broad Ripple early next month.
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DeVry Inc. plans to open local nursing school
The for-profit school would lease 24,000 square feet at its Keystone Crossing campus and employ 55 people in its nursing program at an average wage of $28.85 an hour. DeVry is requesting property-tax abatement to offset investment costs.
Indiana launches $250K ad blitz for Illinois businesses
State and local officials in northwest Indiana are investing $250,000 in billboards and television and print ads will appear across Illinois and target that state's personal and corporate tax increases.
New York Stock Exchange parent to be acquired
The parent company of the New York Stock Exchange says it has agreed to combine with the operator of the Frankfurt stock exchange, Deutsche Boerse.
Retail sales rise again despite severe weather
Shoppers pushed retail sales up for a seventh straight month in January, but the increase was the weakest since June.
GM to pay more than $400 million in worker bonuses
Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.
Union sets Statehouse protest over GOP proposals
Organizers expect several hundred steelworkers for an Indiana Statehouse rally to protest a proposal reducing unemployment benefits for many laid-off workers and so-called right-to-work legislation.
Bill would send taxpayer cash to private schools
Indiana lawmakers will start the debate Tuesday on the most controversial plank of Gov. Mitch Daniels' sweeping education platform: a plan to use taxpayer money to help parents send their children to private schools
Construction
-S&B Construction Group is the contractor for the interior renovation of a 7,700-square-foot Advance Auto Parts store at 1663 Rangeline Road, Carmel.
-S&B construction Group has been awarded the interior demolition of the former Alcatraz Brewing Company restaurant at Circle Centre mall. Alcatraz is being replaced with a California Pizza Kitchen.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 5.5 percent for the week ended Feb. 4, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.13 percent from 4.81 percent the previous week. The rate for 15-year mortgages increased to 4.29 percent from 4.13 percent.
Leases/leasing contracts
-Broyles Kight Ricafor leased 6,322 square feet at 8250 Haverstick Road. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Shepard & Poorman Investments, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Markey’s Audio Visual leased 5,850 square feet of industrial space at 8434 E. 33rd St. The tenant was represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates. The landlord, First Industrial, was represented by Brian Seitz and Steve Schwegman of Jones Lang LaSalle.
-Sylvester Service Experts leased 5,275 square feet at Madison Trace Business Center, Exit 19 and I-69, Pendleton. The landlord, Tower Pendleton LLC, was represented by Kurt Mathewson of Mathewson Willey Realty Advisors. The tenant represented self.
-Horizon CPA expanded and renewed its lease for 3,576 square feet at 8604 Allisonville Road. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Indiana Retired Teachers Association leased 3,261 square feet at 2629 Waterfront Parkway, East Drive. The tenant was represented by Jim Mount of Hokanson Cos. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Dr. Ronald L. Banta leased 2,798 square feet at 3077 E. 98th St. The tenant was represented by Matt Kiger of Newmark Knight Frank Halakar. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Appia Communications leased 2,097 square feet at 8604 Allisonville Road. The landlord, Castle Creek Office LLC., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Prime Lending, A Plains Capital Company, leased 1,966 square feet of office space in Library Park, 1700 W. Smith Valley Road, Greenwood. The tenant was represented by Rick Trimpe of CB Richard Ellis. The landlord, Deegan Properties 107E LLC, was represented by Cathy Richards of Lee & Associates.
-Intrepid Financial Planning Group LLC leased 1,689 square feet at 3021 E. 98th St. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-IT Business Solutions leased 1,100 square feet at 2611 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
-Gradex Inc. leased 590 square feet of office space in Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Sales/acquisitions
Park Madison Investors LLC bought the 56-unit Park Madison Apartments at 614 Park Madison Drive, Greenwood. The price wasn’t disclosed. The seller, Regal Development LLC, was represented by Joe Esselman and Catherine Esselman of Penn Real Estate Inc. The buyer represented itself.
Vote delayed on Indiana same-sex marriage amendment
Resolution sponsor Rep. Eric Turner of Marion said he wouldn't call it for a vote on Monday because some House members who want to support it were absent for the day.
Whitsett proposes 86-unit downtown apartment project
The $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former Central Restaurant Products building to accommodate one- and two-bedroom apartments.
Former Colts player charged in $1M theft case
Former Indianapolis Colts quarterback Art Schlichter, whose NFL career was derailed by a gambling addiction, was charged Monday with stealing more than $1 million from a 68-year-old woman in suburban Columbus, Ohio.
WXIN-TV general manager leaving for Houston station
Jerry Martin notified staff on Monday that he has accepted a position as general manager of NBC affiliate KPRC-TV. Martin joined Fox59 six years ago and helped the station increase its news coverage.
Police beef up downtown presence
Indianapolis police have added more officers downtown and placed patrolmen on city buses running from the east and west sides to downtown in the wake of a Saturday morning killing. Christopher Lindsey, 19, was killed and Prince Bibbs, 22, was wounded after shots were fired at a bar in the 200 block of South Meridian Street. This weekend’s killing marked at least the fourth time since last summer that gunfire has erupted downtown.
City launches pothole blitz
The Department of Public Works spent the weekend on a “pothole blitz,” but expects to keep busy attacking problem areas on city streets caused by thawing after the winter storms. From Monday through Friday, 25 crews will travel Indianapolis looking for potholes. Residents can report potholes by calling the Mayor’s Action Center at 327-4MAC or at www.indy.gov/pothole.
Body found on north side
Indianapolis homicide detectives and crime lab technicians were called into duty this morning when a body was discovered wrapped in a carpet in the 3700 block of North Meridian Street. Police have released few details about the investigation, including the gender of the body or the cause of death.