Indiana could share in $75M to help waterways
Indiana is one of a dozen states that could be getting a slice of about $75 million in federal funds this year to improve
the water quality of its rivers and streams.
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Fishers video software developer adding 49 jobs
Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as many
as 49 new jobs by 2013.
Talks resume at Statehouse after brief impasse
Negotiations on some major issues resumed in the Indiana General Assembly on Monday after a meltdown occurred last week.
General Growth investors add $3.93B to Brookfield plan
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Construction
-Kort Builders has completed a 20,000-square-foot office space for Banc Serv at 777 E. Main St., Westfield.
-Kort Builders has completed a 4,000-square-foot retail space for the apparel retailer Rue 21 and Simon Property Group at 13971 Hamilton Town Center Blvd., Noblesville.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity increased 14.6 percent for the week ended Feb. 26, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.95 percent from 5.03 percent the previous week. The rate for 15-year mortgages fell to 4.27 percent from 4.35 percent.
Leasing/leasing contracts
-Nice-Pak Products Inc. leased 813,054 square feet at 381 Airtech Parkway, Plainfield. The lease, one of the largest in the market in the last year, allows Nice-Pak to consolidate distribution operations it currently has at 595 and 1390 Perry Road. The tenant was represented by Matt Kiger and Ralph Balber of Halakar Real Estate. The landlord, Sentinel Real Estate Corp., was represented by Andrew Morris, Jeremy Woods and Matt McGrady of Summit Realty Group.
-BITECH Inc. d/b/a Performance Bicycle Shop leased 11,862 square feet at Castleton Commons, 8366 Castle Corner Drive. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Castleton Shopping Center LLC, was represented by Cindy Hoskinson, Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-VHA Inc. leased 8,110 square feet at 8900 Keystone Crossing. The tenant was represented by Brooke Augustin of NIA Olympia Partners. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Monarch Management and Realty Inc. leased 4,372 square feet of office space at 3003 E. 98th St. The landlord, TW Investments LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-Andrew B. Gaston leased 3,160 square feet of office space at 8730 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-MS Cos. leased 3,400 square feet of office space at The 916 Building, 916 E. Westfield Blvd. The landlord, 916 E Westfield LLC, was represented by Scott Lacy of Asset One Real Estate Co. The tenant represented itself.
-U.S. Bank National Association leased 2,536 square feet of office space at 10 W. Market St. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by David A. Moore, Darrin L. Boyd and Andrew D. Martin of Cassidy Turley.
-Liberty Tax Services Inc. leased 1,250 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc., and the tenant.
-Broad Ripple Knits leased 1,200 square feet of retail space at The Guilford Building, 6367 Guilford Ave. The tenant was represented by Scott Lacy of Asset One Real Estate Co. The landlord, AST Acquisition I, represented itself.
-Sandella's Flatbread Café leased 1,600 square feet at Allyne Park, 1011 N. State Road 135, Greenwood. The landlord, Allyne Park Dynasty, was represented by Liz Yoho of Providence Development. The tenant represented itself.
-Bella Bridesmaid leased 882 square feet of showroom space at The 916 Building, 916 E. Westfield Blvd. The landlord, 916 E Westfield LLC, was represented by Scott Lacy of Asset One Real Estate Co. The tenant represented itself.
Sales/acquisitions
-DKLD LLC bought a 13,000-square-foot industrial building at 1605 Prospect St. The buyer was represented by Bill Brennan and Steve Beals of Grubb & Ellis Harding Dahm & Co. The sellers, CDS Inc. and Alpha LP, were represented by Ted McClure of McClure Commercial & Industrial Realty. The price wasn’t disclosed.
-Blue Lake Development Inc. bought 65.66 acres at 3023 W. Morris St. The buyer was represented by Stan Elser of Grubb & Ellis Harding Dahm & Co. The seller, Capstone Advisory, was represented by Sean McHale and Dean Anos of Equis Realty Group. The price wasn't disclosed.
–Chip Barnes, Matt Dickerson and Brett Spitzer of NAI Olympia Partners have been hired by Holladay Properties to market its World Connect campus, which is within the Ameriplex development just south of Interstate 70 and Indianapolis International Airport. World Connect comprises eight sites being marketed to house logistics facilities.
Scale Computing lands $9M from Silicon Valley venture firm
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark
Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff
Ready.
NCAA Tournament may cost employers $1.8B in lost work
Annual unscientific survey does not take into account that many employees who participate in office pools devote extra time
to finishing their responsibilities.
WellPoint may be anti-competitive, Connecticut AG says
WellPoint Inc.’s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require
that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
Hoosier Park owner seeks to reorganize $680M in debt
Centaur LLC, which filed for Chapter 11 bankruptcy protection on Sunday, plans to sell its Colorado casino. Much of its debt
was incurred to upgrade
Hoosier Park in Anderson and add its slots parlor.
FinishMaster reports flat profit in fourth quarter
FinishMaster Inc.’s profit in the fourth quarter of 2009 was unchanged from the previous quarter, although earnings for the
entire year declined. The Indianapolis-based paint distributor attributed the drop to lower automobile-accident claims.
Speedway extending Obama Indianapolis 500 invitation
Indy Racing League officials hope to leverage their growing relationship with Brazilian president to attract U.S. President
Barack Obama to the Indy 500. It would mark the first time a sitting president has attended the 100-year-old event.
Autopsy set for Perry Township constable
An autopsy is set for Monday to find out how Perry Township Constable Roy Houchins died over the weekend. Houchins was found
dead in the parking lot of a south-side Indianapolis bar Saturday morning. Investigators say it looks like he fell and hit
his head. Houchins was under federal investigation in an alleged badge-selling scheme and was due to face trial this month
on charges that he stole two guns from the Marion County sheriff's department property room.