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Productivity falls for first time since 2008

Worker productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout
2009, the Labor Department said Tuesday.

Girl Scouts selling Zionsville tract, three others

The decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that
left the local council with a much bigger service area and more real estate.

Steak n Shake parent postpones meeting amid pay uproar

San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company
time to
address “misinformation” regarding its CEO’s controversial pay package.

Indiana counselor ‘deeply concerned’ about Duke plant

Indiana Utility Consumer Counselor David Stippler’s comments came four months after Duke Energy revealed the cost of its southwestern
Indiana plant had grown to nearly $2.9 billion, or about twice the project’s original 2007 estimate.

IU sees big jump in private funding

Indiana University announced Monday that it has seen a 38 percent increase in private-sector grants and contributions from
a year ago, when such revenue declined during the recession.

Leases/leasing contracts

-True Fair Supermarkets LLC leased 30,464 square feet of retail space at 5615 W. 38th St. The tenant was represented by Rick Jones and Bob Lindgren of Grubb & Ellis Harding Dahm & Co. The landlord, Town West Station LLC, represented itself.

-Indiana Tech renewed its lease for 19,806 square feet at 3500 DePauw Blvd. The tenant was represented by Yumi Prater and Sam Smith of Colliers International. The landlord, CP Pyramid Associates LP, was represented by David Moore of Cassidy Turley.

-Sponsel CPA Group subleased 11,572 square feet at Capital Center, 251 N. Illinois St. The tenant was represented by Michael R. Semler of Cassidy Turley. The sublandlord, Indiana Secondary Market for Education Loans Inc., was represented by Sam Smith, Eric Kemp and Ryan Conrad of Colliers International.

-Mesh Restaurant LLC leased 9,588 square feet at 725 Massachusetts Ave. The landlord, 721 Mass Ave. LLC, was represented by Scot Courtney and Bob Lindgren of Grubb & Ellis Harding Dahm & Co. The tenant represented itself.

-3DT Holding LLC & FlowCo Inc. subleased 5,637 square feet at Capital Center, 251 N. Illinois St. The tenant was represented by Lynn Fischer of Fischer & Associates. The sublandlord, Indiana Secondary Market for Education Loans Inc., was represented by Sam Smith, Eric Kemp and Ryan Conrad of Colliers International.

-Puppy Playground LLC leased 5,500 square feet at Rockville Road Plaza, 7230 Rockville Road. The tenant was represented by Dave Harstad of Re/Max Realty Professionals. The landlord, Rockville Road Partners LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Chase Bank leased 4,300 square feet at 1073 N Green St., Brownsburg. The tenant was represented by Mark Perlstein and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, John B. Urbahns and the estate of Raymond O. Lee, was represented by Scott Levinson of Urbahns Companies.

-First Mortgage of Indiana Inc. renewed its lease for 4,206 square feet at 9292 N. Meridian St. The tenant was represented by John Robinson and Graham Summers of Jones Lang LaSalle. The landlord, Fairhill Realty LLC, was represented by Mary Anne Tobin and Matthew Broderick of Acorn Group Inc.

-Intrepid USA Healthcare Services leased 3,596 square feet at 3333 Founders Road. The tenant was represented by Graham Summers of Jones Lang LaSalle in Indianapolis and Courtney Goodall of Jones Lang LaSalle in Dallas. The landlord, Crestline Investments LLC, was represented by Matthew Broderick of Acorn Group Inc.

-Posh Boutique leased 2,400 square feet at Allyne Park, Greenwood. The landlord, Allyne Park Dynasty LLC, was represented by Liz Yoho of Providence Development. The tenant represented itself.

-Oreck of Indianapolis leased 1,567 square feet at Nora Plaza Shops, 1340 E 86th St. The tenant was represented by John Byrne of Cassidy Turley. The landlord, PK Nora LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Allstate Insurance leased 1,200 square feet at 2310 W. Southport Road. The landlord, Hunterwood Southport LLC, was represented by Thomas Cortese and Matthew Broderick of Acorn Group Inc. The tenant represented itself.

Sales/acquisitions

-Duke Realty sold a 91,067-square-foot building on 6.4 acres at 7820 Innovation Blvd. and an adjacent 13.1-acre parcel within Woodland Corporate Park to AIT Laboratories. The price was not disclosed. The buyer was represented by Steve Pittman and Nick Churchill of Pittman Real Estate Services. The seller represented itself.

-ABS Auto Sales Inc. bought 4.72 acres at 565 S. Warman Ave. The price wasn’t disclosed. The buyer was represented by Bill Brennan of Grubb & Ellis Harding Dahm & Co.  The seller, Indy Asset LLC, represented itself in the transaction.

-Open Door Baptist Church of Indianapolis bought a 5,000-square-foot church and adjoining residence at 5360 and 5362 W. 16th St. The price wasn’t disclosed. The buyer was represented by Rich Thomas of Dan Moore Real Estate Services. The seller, St. Luke’s UCC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.

People

Robert E. Christman has started Bridge Real Estate Advisors Inc. at 600 E. Carmel Drive, Suite 269, Carmel. The firm will work with residential buyers and sellers in Hamilton, Marion and Boone counties and with commercial clients in the acquisition, disposition and leasing of office and light industrial flex space.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity increased 1.3 percent for the week ended July 30, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.6 percent from 4.69 percent the previous week. The rate for 15-year mortgages fell to 4.03 percent from 4.12 percent.

Fair starts amid heat wave

Indiana State Fair organizers hope the extreme heat won't keep people away this week. As temperatures continue to rise
into the 90s once again, water and shade will be in high demand, but organizers also said they’ll try to help Hoosiers
beat the heat while they enjoy the fair. They're going to have misting stations and lemonade stands about every 20 feet
for people walking along the grounds. Police, medics and the Red Cross will also be on patrol for anyone having trouble.

 

Police: Local homeowner shoots attacker

Indianapolis police say a homeowner shot a man who attacked him with a pipe wrench during an apparent robbery attempt. Emergency
workers called to the city's south side Sunday evening found a man with gunshot wounds to his abdomen and arm. Police
officers followed a blood trail about a half-block to a house where they found the 59-year-old homeowner with head injuries.
The homeowner told officers that the other man had helped him with home renovations. The homeowner said the man suddenly attacked
him with the wrench. He  was able to fight off the attacker and get a handgun, then fired two shots, he told police.

 

Two houses torched in two days

Two cases of arson happened less than two miles apart in Noblesville over the weekend, and both were set just after 2 a.m.
Both homes were vacant and up for sale, so no injuries occurred. The first fire happened at about 2:30 a.m. Saturday in the
7000 block of East 160th Street. The second took place just after 2 a.m. Sunday near the intersection of 146th Street and
Cherry Tree Road. Fox59 will have more at 4 p.m.
 

Hyundai hole in Indiana

The rising Korean industrial giant is building another plant in the U.S., but not in Indiana.

Counties brace for big tax losses next year

Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year.
Marion and Hamilton counties will suffer major reductions in distributions.