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Construction
-Shamrock Builders-Commercial recently finished a 4,000-square-foot office for Glanders Orthodontics at 8451 S. Emerson Ave.
-Shamrock Builders-Commercial recently finished a 2,500-square-foot office build-out for Stevenson Dental at 6905 E. 96th St.
Sales/acquisitions
KLC Realty LLC bought the Colby Shoppes, a multi-tenant retail center at 954 N. State Road 135, Greenwood. The 17,739-square-foot property sold for $1.3 million. The buyer was represented by Brian T. Southworth and Nathan D. Whalen of the Indianapolis office of Marcus & Millichap Real Estate Investment Services. Southworth and Whalen also represented the seller, First Merchants Bank.
Leasing/leasing contracts
-Capin & Crouse leased 10,000 square feet in the Emerson Office Parke Building One, Greenwood. Greg Allen and John Cunningham of Allen Commercial Group represented the landlord. The tenant represented itself.
-Little Mexico restaurant leased 4,587 square feet in the Emerson Pointe Retail Shopping Center, Greenwood. Greg Allen and John Cunningham of Allen Commercial Group represented the landlord. The tenant represented itself.
-Health Management Systems Inc. leased 1,290 square feet of office space at Landmark Center, 10th and Meridian streets. Matt Waggoner of Summit Realty Group represented the tenant. The landlord, Landmark Ventures LLC, was represented by John Vandenbark of CB Richard Ellis.
-Sports Clips leased 1,240 square feet of retail space at Brookshire Village Shoppes at 126th Street and Gray Road, Carmel. Jeff Hubley of Midland Atlantic represented the tenant. The landlord, O’Malia Investment Co. LLC, was represented by Barrett & Stokely Inc.
-Show-Me’s leased 7,329 square feet of the former Damon’s Grill at 4530 Southport Crossing Drive. The landlord, Daniel and Judy Pedersen Living Trust, was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant was represented by Tim Murray and Greg Smith of Resource Commercial Real Estate.
-El Mariachi Mexican Restaurant leased 2,160 square feet at a former Pizza Hut at 11420 E Washington St. The landlord, La Raza Pizza Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant was represented by Eric Hillenbrand of Sitehawk Retail Real Estate.
-The Loving Care Agency Inc. renewed its lease for 3,191 square lease at 2647 Waterfront Parkway East Drive. The tenant was represented by Brooke Augustin of NAI Olympia Partners. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc.
-Bennett Mauk & Higgs Insurance renewed its lease for 1,028 square feet at 8606 Allisonville Road. The landlord, New Boston Castle Creek II LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
UPDATE: Electric car maker picks Indiana factory site
The subsidiary of Norwegian-based Think Global projects its new factory in Elkhart could have 415 full-time jobs by 2013.
Local distributor of janitorial supplies makes acquisition
Indianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply and Chemical in Michigan City.
IBJ, Wall Street Journal seek unsealing of Durham records
Indianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search
warrant documents related to the federal investigation of businessman Tim Durham.
Americans’ job satisfaction falls to record low
Even Americans who are lucky enough to have work in this economy are becoming more unhappy with their jobs, according to a
new survey that found only 45 percent of Americans are satisfied with their work.
Bill would scrap township government
A bill by Democratic Rep. Ed DeLaney of Indianapolis would transfer all township functions to county government.
Report: Indiana electricity rates may rise 12 percent
The Purdue University-based State Utility Forecasting Group predicts that Indiana’s electricity rates could rise by 2013 due
to more stringent environmental guidelines.
Brightpoint quarterly estimate below expectations
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
Indiana lawmakers set to get back to work
Property-tax caps, unemployment insurance, ethics top list of issues awaiting General Assembly.
IDEM fills long-vacant chief-of-staff post, denies agency shakeup
IDEM’s head, faulted over his role in a pollution case while at Bethlehem Steel, gets a chief of staff. Officials deny agency shakeup on way.
Teen in court for deaths of friends
A teenager accused of killing three friends in a drunken-driving crash goes on trial Monday. Police say 19-year old John Wilson
slammed his car into a tree along Moller Road in Indianapolis in December 2008, killing three passengers. He was driving between
58 mph and 68 mph in a 35-mph zone, according to investigators. Wilson faces multiple charges, including operating a vehicle
while intoxicated, causing death.
Bill would allow some Sunday beer sales
An Indiana Senate bill would make it legal for state micro-breweries to sell carry-out beer on Sundays. Sunday sales of wine
already are permitted at the stateâ??s wineries. The bill would not affect beer sales at grocery and liquor stores.
Heater suspected of starting hotel fire
A heater may be to blame for a fire at a hotel on the east side of Indianapolis that began either late Sunday night or early
Monday morning, according to investigators. The fire broke out in a second-story room at the Budget Inn East near 21st Street
and Shadeland Avenue. Damage was contained to that room, according to crews, and no injuries were reported. Fox59 will have
more at 4 p.m.
ChaCha raises $7 million in venture funding
ChaCha, a Carmel-based mobile search engine, announced Monday morning that it has closed on $7 million in venture funding.
Colts emerge victorious in must-lose game
It’s rare for an NFL team to face a must-lose game. But that’s exactly what the Indianapolis Colts faced in Buffalo. Now,
the pressure is back on like never before.
Accountant files suit against former firm, partner
A contentious split between two prominent accounting partners is getting even uglier after a lawsuit filed by one of them
has the other pledging to counter sue.
Census surprises
An Indiana University demographer outlines predictions on Latinos, homeownership and populations of unincorporated areas.