Property tax cap plan could win approval Tuesday
The Indiana Senate could give final approval Tuesday to a proposal that would allow voters to decide whether property tax
limits belong in the state constitution.
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The Indiana Senate could give final approval Tuesday to a proposal that would allow voters to decide whether property tax
limits belong in the state constitution.
The state’s human services agency is expected to roll out its new program, aimed at correcting problems that arose when it
tried to privatize the system, in 10 southwestern counties next week.
The Indianapolis industrial real estate market didn’t escape the recession unscathed, but the sector outperformed most other
cities and took less of a hit than in the last recession.
-Evapar Inc. bought a 12,344-square-foot building at 3451 Developers Road. Mike Medlock of Grubb & Ellis Harding Dahm & Co. represented the buyer and the seller, Janice E. Kosten. The price wasn’t disclosed.
-Firestone bought .97 acres on Northfield Drive, Brownsburg. Carol Lockhart of Baum Realty represented the buyer. Liz Yoho of Providence Development represented the seller, Brownsburg Development LLC.
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
On a seasonally adjusted basis, the pace of mortgage loan activity grew 14.3 percent for the week ended Jan. 8. Rates for 30-year loans fell to 5.13 percent from 5.18 percent the previous week. Rates for 15-year mortgages fell to 4.45 percent from 4.62 percent.
-Holladay Construction Group finished a 10,000-square-foot medical office building for Concentra Urgent Care, 5940 Decatur Blvd.
-Kort Builders Inc. finished a 2,400-square-foot build-out for Indianapolis Sport and Spine at 1460 N. Green St., Suite 400, Brownsburg.
-Kort Builders Inc. finished a 6,000-square-foot build-out for Crown Liquors at 150 N. Delaware St.
-Kort Builders Inc. finished a 1,000-square-foot build-out for Fancy Nails at 14139 Town Center Blvd., Suite 600, in Hamilton Town Center, Noblesville.
-The U.S. Attorney’s Office leased 43,512 square feet of office space at Market Tower, 10 W. Market St. The tenant was represented by Tim Craft of CB Richard Ellis. David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker represented the landlord, MT Acquisitions.
-Industrial Services Group leased 6,300 square feet at 5430 W. 86th St. Liz Yoho of Providence Development represented the landlord, F & R Realty. The tenant represented itself.
-McGraw Hill leased 7,058 square feet at 8900 Keystone Crossing. The tenant was represented by Zane Brown of CB Richard Ellis. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd.
-First Options Mortgage leased 8,158 square feet at 8888 Keystone Crossing. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd. The tenant represented itself.
-Ecofridge leased 3,159 square feet at 9000 Keystone Crossing. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd. The tenant represented itself.
-Illini Drilled Foundations Inc. renewed its 1,028-square-foot lease at 2780 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-United Insurance Co. of America leased 1,954 square feet at 8250 Haverstick Road. Zane Brown of CB Richard Ellis represented the tenant. The landlord, Shepard & Poorman Investments LLP, was represented by Gus Sevastianos of Citimark Management Co. Inc.
-American Income Life Insurance Co. renewed its 1,501-square-foot lease at 8604 Allisonville Road. Mike Weaver and Joe Lonneman of Halakar Real Estate represented the tenant. The landlord, New Boston Castle Creek LP, was represented by Gus Sevastianos of Citimark Management Co. Inc.
-Sagamore Home Mortgage LLC leased 1,250 square feet of retail space in the Village Plaza Shopping Center, 8914 S. Meridian St. Bruce Richardson of Royal Companies Inc. represented the tenant. The landlord, LaGrotte Realty Inc., was represented by Mark Dietel of Royal Companies Inc.
Musicians hit the picket lines today, forcing the last-minute cancellation of an IU residency.
Policy management firm PolicyStat lands venture investment from HALO Capital Group, the angel investor network managed by TechPoint. HALO has invested a total of $12.5 million in firms statewide in the past 20 months.
They’re small, but they’re fast. They pack a punch and have proven more than reliable. When will someone wise up and give the Colts defense an endoresement deal?
Brenda Myers, executive director of the Hamilton County Convention and Visitors Bureau, rounds out the appointments to a restructured
Indianapolis Capital Improvement Board.
City Market’s board president warns financing will challenge any of the six groups that responded to Mayor Greg Ballard’s
request for business ideas.
Jealousy toward Indianapolis in the Statehouse shows no sign of letting up, one legislator says.
Indianapolis Metro Police are investigating a Saturday night homicide at a Shell station on the city’s west side. Investigators
say 52-year-old Ousmane Gueye was killed while working at the gas station near Kessler Boulevard and West 16th Street. Police
say Gueye apparently was engaged in a struggle with the suspect before his death. A customer found Gueye’s body about
9:20 p.m.
Westfield Boulevard and North River Road are closed at Interstate 465 so crews can demolish the bridges and widen the highway.
The closures are expected to remain in place until June. Work on widening I-465 from Meridian Street to Allisonville Road
is expected to start in March.
A Madison County teen died Saturday night in what police believe may have been an accidental shooting. Investigators say A.J.
Kistler, 17, was shot and killed by his 20-year-old brother Rick at his Frankton home. The shooting is still under investigation,
but police say it likely was not intentional. Fox59 will have more at 4 p.m.
A legal brouhaha over the recent auction of a Duesenberg automobile by Tim Durham has taken a new twist, with Durham’s bank
charging the financier didn’t have the right to sell the car in the first place.
Last weekend’s A&E events included trips back to the 1970s at the IMA and the 1940s at the Phoenix Theatre.
Fortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.