RENN: Indianapolis must reinvent itself … again
Despite outperforming not just the Midwest, but America as a whole, long-term challenges facing Marion County put the region at risk.
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Despite outperforming not just the Midwest, but America as a whole, long-term challenges facing Marion County put the region at risk.
Medical office likely will be the strongest sector, followed by apartments.
Police say they have arrested a suspect in connection with the death of a woman at a Beech Grove apartment complex. Braxton Vaughn, 25, the adoptive brother of the victim, turned himself in to police Wednesday morning and told them he killed Rachel Wurster, 25, at the Willow Glen Apartments near 9th Avenue and Thompson Road. He was arrested on a preliminary charge of murder.
A Hamilton County teen was killed in a single-car crash at 11:45 p.m. Wednesday. Police say the vehicle left the road for unknown reasons and hit a tree near 256th Street and Lacy Road in Cicero. The driver, a male, died on the scene and a male passenger was transported to Methodist Hospital with minor injuries. Friends said the driver, whose name has not been disclosed, was a 19-year-old Purdue University student and 2010 graduate of Hamilton Heights High School.
An earthquake rattled parts of central Indiana Thursday morning. The U.S. Geological Survey said the 3.8 magnitude quake happened at 7:55 a.m. and was centered about five miles south of Greentown in Howard County. That’s about 50 miles northeast of Indianapolis. No damage or injuries were reported.
Booming growth, rising middle classes are attracting investors.
Applications dropped by 34,000, to 388,000, the lowest number since the week of July 12, 2008. The level of applications has either fallen or remained unchanged in five of the past six weeks.
Omnicity Corp. is a half-year behind in payments to a Muncie lender and faces several lawsuits over unpaid bills from companies it acquired.
Gov. Mitch Daniels has appointed new judges in Boone and Shelby counties.
Indiana economic-development officials are in the beginning stages of forming a marketing initiative—dubbed the Indiana Center for Complex Operations, or ICCO—to market the state’s budding defense sector.
The stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are keeping the conservative attitude they were forced to adopt two years ago.
-Kort Builders has started construction of a 2,000-square-foot office for Decatur Vein Clinic at 105 South Raceway Road, Suite 135.
-Kort Builders has completed a 2,000-square-foot retail space for Younique Botique at 9254 U.S. 36, Avon.
-Kort Builders has completed a 3,000-square-foot restaurant space for Ale Emporium at 8617 Allisonville Road.
Butch Stanifer has joined Bridge Real Estate Advisors Inc.’s office advisory team as senior adviser.
Net Literacy increases digital inclusion and digital literacy for all Americans while providing student volunteers life skills, job skills, and an opportunity to participate in service to their community.
-Harris and Ford leased 45,000 square feet of industrial space at 6635 E. 30th St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Indianapolis NI Industrial No. One LLC Inc., was represented by Luke Wessel and Kevin Kempf of Cassidy Turley.
-Wells Fargo leased 14,115 square feet at 300 N. Meridian St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, University Park Associates LLC., was represented by Mike Napariu of REI Real Estate Services.
-Aurora Bank FSB leased 10,777 square feet of office space at 5920 Castleway West Drive. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-E-GINEERING LLC leased 8,900 square feet in Lake Pointe Center 5, 8415 Allison Pointe Blvd. The tenant was represented by Jenna Barnett of Halakar Real Estate. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Black & Co. Inc. leased 8,000 square feet at 1936 S. Lynhurst Ave. The tenant was represented by Dustin Looper of Colliers International. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.
-Liberty Mutual Insurance Co. leased 6,322 square feet of office space at 550 Congressional Blvd. The tenant was represented by Mark Stables of Grubb & Ellis. The landlord, 550 Congressional Boulevard LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley.
-Compendium leased 4,561 square feet of office space at Circle Tower, 55 Monument Circle. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, Winthrop Management, L.P., was represented by Bennett Williams and Pete Anderson of Cassidy Turley.
-Alt Construction LLC leased 1,800 square feet of office space at 8847 Commerce Park Place. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
-All-Pro Electric leased 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.
-ATA Coatings leased 1,500 square feet at 23rd Street Industrial, 2251 N. Dequincy St., Suite D. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Boost Mobile leased 1,200 square feet at Linwood Square, 4317 E. 10th St. The landlord, Kimco Co. of Indiana, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
TCP South Keystone LLC bought the 17,500-square-foot South Keystone Shoppes, 3940 S. Keystone Ave., for $1.04 million. The buyer and seller, K.C. Enterprises, were represented by Brian Southworth, Nathan Whalen and Jordan Klink of Marcus & Millichap Real Estate Investment Services.
The ongoing rehab of Interstate 465 will continue to be the biggest highway project in the metro area in 2011, but the rebuilding of an 11-mile segment on the west side could be all but finished by the end of the year—just when other significant highway projects will get under way in the metro area.