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On a seasonally adjusted basis, the pace of mortgage loan activity increased 11.3 percent for the week ended Jan. 28, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.81 percent from 4.80 percent the previous week. The rate for 15-year mortgages increased to 4.13 percent from 4.12 percent.
-Performance Bicycle Shop leased 11,500 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road, Greenwood. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Health Systems International renewed its lease for 7,979 square feet at Castle Creek VI. The tenant was represented by Mark McDermott of CB Richard Ellis. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-CVS Pharmacy leased 6,787 square feet at 175 N. Illinois St.. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Allison Tiefel of Cassidy Turley.
-C-2 Supply leased 6,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ralph Balber of Newmark Knight Frank Halakar. The tenant represented itself.
-St. Vincent Hospital Physician Network renewed its lease for 5,702 square feet at 11530 Allisonville Road. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Bendrew Development LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-J. Allan Hall & Associates leased 5,250 square feet of office space at Circle Tower, 55 Monument Circle. The landlord, FT Circle Tower LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented self.
-ETI leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Brooke Augustin and Drew Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing, LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
-The Travel Agent Inc. leased 3,439 square feet at Lakeside Corporate Center, 630 West Carmel Drive, Carmel. The tenant was represented by Thomas M. Osborne and Matt Moore of Colliers International. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CB Richard Ellis.
-Indiana Farm Bureau Insurance leased 3,200 square feet at Avon Commons, 10427 E. U.S. Highway 36, Avon. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, Aviana Co. 3 LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Meridian Radiology leased 3,123 square feet at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mike Cole and Steve Wolkoff of Dury Investment Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Aqua Indiana leased 2,720 square feet at Castle Creek V. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Indiana Bond Bank leased 2,445 square feet at 10 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
-IL & IN Restaurant Realty bought 1.35 acres at 9750 North by Northeast Blvd., Fishers. The price was not disclosed. The buyer, the central Indiana franchisee for International House of Pancakes, is beginning construction of an IHOP at the site. The buyer was represented by Chris Hake and Tony Orlando of Thompson Thrift. The seller, Kincaid Holdings LLC, represented itself.
-MJT Management bought three-quarters of an acre at the southeast corner of Southport Road and Rampart Drive in front of a Meijer store. The price was not disclosed. The buyer, which plans to build a Rally’s restaurant on the site, was represented by Chris Hake of Thompson Thrift. The seller, Meijer Stores Limited, represented itself.
-Resource Planning Group bought a 1,400-square-foot business condo at 12574 Promise Creek Lane, Fishers. The price was not disclosed. Both the buyer and seller, Promise Road Business Park, were represented by Paul Dick of Colliers International.
The search is on for the driver who crashed an SUV into a south-side Indianapolis home on Saturday and then drove away. Warren Beal said he heard loud crashing noises as he and his fiancee slept at their home in the 3900 block of Carson Avenue. Moments later, the driver took off. During the getaway, the driver caused more damage to the yards of other neighbors. The whole incident may have been caught on surveillance camera.
The Indianapolis Department of Public Works has called in more than 200 contractors to help clear ice and snow from neighborhood streets, the city said Sunday. City crews will focus on main and secondary streets, while the contractors will focus on connector streets and residential neighborhoods.
There’s a lot Indianapolis can learn from the folks in Dallas about hosting a Super Bowl. One of the biggest lessons: Plans are important, but they’re not everything.
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a portion of the controversial $155 million development.
Alden Global Capital, a firm Emmis CEO Jeff Smulyan is suing for backing out of a deal to finance his efforts to take Emmis private, charges that a $200,000 loan Emmis made to pay his legal fees violates the Sarbanes-Oxley Act.
The collapse is being blamed on ice and snow that accumulated on the canopy, sending chunks crashing into the garage’s atrium. Six parked rental cars were damaged, but nobody was hurt.
For me, it was the Indianapolis Chamber Orchestra on Friday and college musical talent on Sunday.
Indianapolis' Super Bowl host committee is trying to raise money to hold a big-time, possibly nightly, entertainment event on Monument Circle during next year's week-long run-up to the Super Bowl.
Shares of biotechnology company Endocyte Inc. rose in afternoon trading Friday, after the company slashed pricing expectations for its initial public offering.
Republican and Democrat lawmakers in Indiana are resuming their push for a constitutional amendment banning gay marriage.
Indiana state Treasurer Richard Mourdock says he's made a decision and will make an announcement soon about whether he'll challenge longtime U.S. Sen. Richard Lugar in the 2012 Republican primary.
State Rep. Cindy Noe, R-Indianapolis, wants to stop schools from using public money and bar school employees from campaigning for referendums that would raise property taxes.
The growing popularity of the 21st Century Scholars program and the state’s recession-driven budget bind has state officials looking to tighten up both the academic and financial requirements.
Indiana shoppers would be able to buy a six-pack of beer or a new car on Sundays if state Sen. Phil Boots is successful in rolling back two of the few remaining blue laws still in effect in Indiana.
The worst case scenario — no season — would mean the city of Indianapolis sustaining the most expensive hit in league history.
Police officers at Indiana colleges and universities could have the same authority as city and county officers under a bill introduced in the General Assembly.
Eli Lilly and Co. Chairman and CEO John Lechleiter received compensation valued at $12.7 million last year, down 22 percent from 2009 largely due to a change in how the drugmaker handles equity awards.
