KAR plans to add 249 jobs in Carmel expansion
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
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KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
On a seasonally adjusted basis, the pace of mortgage loan activity jumped 5.8 percent for the week ended Nov. 5, according to the Mortgage Bankers Association. The rate for 30-year mortgages was unchanged at 4.28 percent. The rate for 15-year mortgages remained at 3.64 percent.
-Alt Construction has started a 12,000-square-foot tenant build-out for Marion County Traffic Court at 8115 E. Washington St. The project is scheduled to be completed next month.
-Alt Construction has started a 12,500-square-foot tenant build-out for Planet Fitness at 8811 Hardegan St. The project is scheduled to be completed next month.
-Kort Builders has started a 3,000-square-foot restaurant addition for Ale Emporium at 8617 Allisonville Road.
-Shamrock Builders-Commercial has started construction of a new dental office for Dr. Kevin Toole at 480 E. Northfield Drive, Suite 400. The 1,740-square-foot office is to be completed by Jan. 15.
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
-Compass Group USA Inc. leased 20,160 square feet of industrial space at 2610 E. Fortune Circle. The tenant was represented by Kyle Powell and Don Treibic of Cassidy Turley. The landlord, Blue Real Estate, was represented by Jake Sturman and Brian Buschuk of Jones Lang LaSalle.
-DuCharme McMillen & Associates Inc. leased 17,499 square feet of office space at Allison Pointe, 8440 Allison Pointe Blvd. The tenant was represented by Steve Beals of Lee & Associates. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.
-Girls Scouts leased 15,713 square feet at 2611 Waterfront Parkway, East Drive. The tenant was represented by Rebecca Baer of Summit Realty Group. The landlord, New Boston Jacaranda L.P., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.
-Dreamscape Landscaping leased 7,200 square feet of industrial space at 4021 W. 10th St. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-The Indianapolis affiliate of the Susan G. Komen Breast Cancer Foundation Inc. leased 3,321 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett M. Williams of Cassidy Turley.
-Formstack Inc. leased 3,245 square feet of office space at 6525 E. 82nd St. The tenant was represented by Todd Morris of JTM Commercial. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-Hunt Big Sales leased 3,186 square feet of office space at 10150 Lantern Road, Fishers. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, Genesis Development Group LLC, was represented by Paul Dick of Colliers International.
-New Balance Shoe Store leased 3,147 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road. The tenant, Brad Stout, was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.
-Wellspring Counseling & Consulting Resources LLC leased 1,515 square feet of office space at 3091 E. 91st St. The landlord, BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-ASI Inc. leased 1,000 square feet 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.
-Indy Intervention renewed its lease for 800 square feet of office 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.
-EMK Property Investors, Greenwood, bought Presidential Estates Apartments at 1808 Century Way, behind St. Vincent Hospital. The 255-unit complex was listed for $6.75 million. The sale price wasn’t disclosed. Tikijian Associates represented both the buyer and seller, Greystone Bank. The new owner hired Indianapolis-based Barrett & Stokely to manage the property.
-Conesero Property LLC bought a 4,821-square-foot industrial building at 4761 Industrial Parkway. The price wasn’t disclosed. The buyer was represented by Fritz Kauffman of Cassidy Turley. Kauffman also represented the seller, Industrial Space Management Corp.
-M Street Church of Christ bought a synagogue at 5879 Central Ave. The price wasn’t disclosed. The buyer was represented by Collette Owen of CMO Real Estate. The seller, Shaarey Tefilla Congregation, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
Experts are split over whether runup in precious metal is a classic bubble.
A $10 million apartment and retail building planned for 875 Massachusetts Ave. was supposed to have broken ground by now. But difficulty in closing the sale of tax credits that will be used to finance the project could cause the deal to unravel.
If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected to last several months.
Gov. Mitch Daniels plans to ask the General Assembly to allow students who choose to graduate early to use much of the money the state would save to pay for higher education.
Indiana University’s James Madison is “marginally optimistic” Americans have the fortitude to tackle what could grow to become an emergency ranking with the Civil War, the Great Depression and World War II.
Indianapolis-based Gleaners Food Bank, which serves 21 counties in central and southeastern Indiana, is asking for more help to feed hungry families. A food bank official said more than 200,000 Hoosiers are facing hunger. Visits to food pantries are up 30 percent to 40 percent due to the poor economy, said Mike Miller, chief operating officer of Gleaners.
A woman was killed and another injured in a crash Sunday morning on the west side of Indianapolis. Dora Thomas, 86, of Indianapolis died of her injuries Sunday night at Methodist Hospital. A female passenger in her vehicle was seriously hurt. The driver of a sport utility vehicle that collided with Thomas’ car was not injured. The accident occurred on Rockville Road.
Indianapolis fire investigators are searching for the cause of a house fire Sunday that injured a mother, her son and a firefighter. Nellie Spears, 67, and her son, Lonnie Groce, 43, were injured in the fire in the 600 block of Holly Avenue. Spears, the homeowner, was taken to Wishard Hospital for smoke inhalation and was in fair condition Sunday night. Groce suffered serious burns to his arms and was in critical condition. The injured firefighter was treated at Methodist Hospital and released.
A statewide ban on smoking in all public places may have the momentum it needs to finally pass the Indiana General Assembly in 2011 after four unsuccessful attempts.
A 36-hour dance marathon raised about $1.6 million for Riley Hospital for Children in Indianapolis over the weekend.
Pharmaceutical firms led by Eli Lilly are trying to eliminate a government panel aimed at controlling Medicare spending seven months after they supported the health-care overhaul that created it.
Much of the strength came from a big rise in auto sales. Excluding autos, retail sales rose a more modest 0.4 percent.
The winner, StatsSquared, now will compete against other winners from cities worldwide in an online contest for the overall top prize.