Ex-higher ed chief Jones unveils college completion group
With funding of $12 million over four years, Stan Jones wants to influence states to focus on getting college students to
graduate.
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Mass Ave project works toward April approval
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
Leasing/leasing contracts
-Eastgate Studios LLC leased 18,000 square feet at 24 S. Shelby St. The tenant and the landlord, Pleasant View Partnership PC, were represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate.
-Aaron Rents leased 6,700 square feet at The Parkwood Shoppes, 1616 N. Lebanon St., Lebanon. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Pavilion Inc., was represented by Steven Hoffman.
-UtilX Corp. leased 4,000 square feet at 496 S. Polk St., Building No. 2, Greenwood. The tenant was represented by Cam Kucic of Summit Realty Group. The landlord, Robert W. Kleis Jr. Living Trust, was represented by Cathy Richards of Grubb & Ellis Harding Dahm & Co.
-Pediatric Nursing Specialists leased 3,069 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-American Electronics leased 2,780 square feet at 496 S. Polk St., Building No. 1, Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Robert W. Kleis Jr. Living Trust.
-Edward D. Jones & Co. leased 1,172 square feet at the Mount Comfort Business Center in the Mount Comfort Commercial Park, 4177 N. Awning Court. The tenant was represented by Jeff Schappe of Colliers Corporate Solutions. The landlord/owner, Precedent Commercial Development, was represented by Larry Siegler of Precedent.
-A.C.T. Services Inc. leased 1,200 square feet at Eagle Highland Office Park, 3955 Eagle Creek Parkway. The landlord, Grubb & Ellis Healthcare REIT Medical Portfolio 3, was represented by Debbie Shumate of Grubb & Ellis Harding Dahm & Co. The tenant represented itself.
-USM/Transfield Services Group Inc. renewed its lease for 1,805 square feet at Greenwood Oaks Business Centre. 500 S. Polk St., Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, Greenwood Oaks Investments LLC, and the tenant.
-Fast Tans renewed its lease for 1,600 square feet at George Thomas Plaza, 1028 N. Shadeland Ave. Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Ladywood Apartments LLC.
-Hometown Exteriors Inc. leased 1,500 square feet at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, Greenwood Oaks Investments LLC, and the tenant.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity dropped 8.5 percent for the week ended Feb. 19, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.03 percent from 4.94 percent the previous week. The rate for 15-year mortgages increased to 4.35 percent from 4.33 percent.
Sales/acquisitions
Noblesville LLC purchased a single-tenant, 6,840-square-foot building occupied by AutoZone at 146th Street and State Road 37, Noblesville. The sales price was $1.8 million. The buyer was represented by Michael Ofsansky of Michael Ofsansky Realtors. The seller, Thomas A. Grant Inc., was represented by Brian T. Southworth and Nathan D. Whalen of Marcus & Millichap’s Indianapolis office.
PNC-National City conversion ahead of schedule
The PNC Financial Services Group said Monday it has brought in 2.8 million former National City Bank customers and converted
560 branches since a $5.6 billion buyout less than two years ago. Branches in Indiana are set to switch over in June.
Stutz Business Center owner purchases Canterbury Hotel
Turner Woodard has purchased the historic Canterbury Hotel on South Illinois Street. He said the hotel fits his vision of
turning around properties and making them profitable.
Construction spending falls again
Construction spending fell for a third straight month in January as a slight rebound in housing was not enough to offset widespread
weakness in a number of commercial areas.
State health commissioner leaving for CDC
Dr. Judy Monroe, after five years as Indiana’s public health leader, will spearhead communication between federal and state
health agencies.
Colts ticket price hike has far-reaching effects
The Indianapolis Colts' decision to increase ticket prices in 2010 pulls another $4 million or so of discretionary dollars
out of this small market. It could also inch the team higher above NFL league ticket price average.
Hearings on Walgreens’ bid to sell alcohol continued
The Illinois-based drugstore chain is seeking to sell beer and wine at 29 of its stores in Marion County. Opponents argue
that the county already has granted enough permits.
Two Democrats drop bid for Bayh’s seat
Hammond Mayor Thomas McDermott Jr. and Indiana Rep. Baron Hill on Saturday announced they won’t seek the Democratic
nomination to succeed Evan Bayh as U.S. senator. That leaves southern Indiana Congressman Brad Ellsworth as a favorite to
claim the nomination. The Indiana Democratic Party will select the nominee.
Police arrest shoe-camera user at mall
Indianapolis police arrested a Fort Wayne man Saturday after he allegedly used a shoe camera to look up women's dresses
at Castleton Square Mall. David Delagrange, 40, approached several women and placed his foot under their dresses to make recordings,
police say. Delagrange was subdued him with a Taser before being taken into custody. He is charged with voyeurism, resisting
arrest, and child exploitation because one of the victims was believed to be a juvenile.
Firefighters make rescue on Geist
Firefighters rescued a fisherman who fell through the ice Monday morning at Geist Reservoir. A nearby resident heard the
man yelling for help and called 911. Firefighters were able to reach the man, who was about 100 feet from the shore, with
a rope and pull him to safety. The victim, who spent about 30 minutes in the water, spoke with rescuers throughout the ordeal.
He was taken to Methodist Hospital in Indianapolis. Fox59 will have more at 4 p.m.
Hoosier Hysteria history available on demand
Bright House Networks, Comcast offer digital cable subscribers access to classic IHSAA boy’s basketball title games.
First Internet Bank suffers first loss since 2000
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
Restoration work begins for Old Northside landmark
Historic Landmarks Foundation of Indiana has taken over the Romanesque Revival former church known as Old Centrum along Central
Avenue at 12th Street.
You-review-it Monday: Bill T. Jones, Harold Lloyd, etc.
So fill me in. What did you see, hear or do this weekend?
Consumer packaging maker Rexam adding 50 jobs
Global consumer packaging manufacturer Rexam plans to expand its operations in Franklin, adding nearly
50 jobs by the end of
the year.
Bosma wants legislative work done before adjournment
Indiana House Minority Leader Brian Bosma says it's more important to pass sound bills on key issues than it is to adjourn
the legislative session.