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Stings nabs 18 crime suspects in Indianapolis

December 14, 2009

Eighteen suspects wanted for possible violent or sex crimes were taken into custody late last week in Indianapolis during
an undercover sting operation conducted the Marion County Sheriff’s Department and U.S. Marshals Service. “Operation Consumer
Talk” took place from Dec. 9-11 at a near-south-side storefront. The offenders received mailers inviting them to complete
a survey and receive a cash prize of $250 in return for their assistance. When the suspects arrived at the store, deputies
apprehended them. Fox59 will have more at 4 p.m.

Construction

December 14, 2009

-TMG Construction Management Inc., Noblesville, has started a 1,500-square-foot tenant build-out for Jackson Hewitt at 55 S. Raceway Road.  It is scheduled to be completed by the end of December.

-TMG Construction Management Inc., Noblesville, recently completed a 1,000-square-foot office remodel project at 5455 W. 86th St. for Polaris Real Estate.

Housing

December 14, 2009

On a seasonally adjusted basis, the pace of mortgage loan activity increased 8.5 percent for the week ending Dec. 4, according to the Mortgage Bankers Association. Rates for 30-year loans increased to 4.88 percent from 4.79 percent the previous week. Fifteen-year mortgages increased to 4.33 percent from 4.27 percent.

People

December 14, 2009

–Sylvie Williams has joined Resource Commercial Real Estate LLC as an adviser on the industrial team. 

–Craig Ramsay has joined Sitehawk Retail Real Estate as a senior leasing associate.

–Michael Cranfill has been promoted to senior leasing associate with Sitehawk Retail Real Estate.
 

Leasing/leasing contracts

December 14, 2009

-PricewaterhouseCoopers leased 21,945 square feet of office space at National City Center in downtown Indianapolis. The tenant was represented by John Vandenbark and Zane Brown of CB Richard Ellis. The landlord, REIT Management & Research, was represented by Rick Trimpe of CB Richard Ellis.

-PrimeCo Development, doing business as Cadillac Ranch All American Bar and Grill, leased 20,000 square feet on the ground floor of Union Station. Michael Cranfill and Larry Davis of Sitehawk Retail Real Estate represented the tenant. The landlord, the city of Indianapolis, was represented by Mary Hauser of Browning Investments.

-Ent & Imler leased 13,052 square feet at Five River Crossing, 8555 River Road. The tenant was represented by Jack Esselman of J.F. Esselman Inc. The landlord, PK Partners, was represented by Dan Richardson of CB Richard Ellis.

-Stacked Pickle leased 4,313 square feet at Providence Shoppes, 12545 Old Meridian St., Suite 150, Carmel. The tenant, a restaurant and bar, was represented by Brian Epstein of Urban Space. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift and Natasha Evans of Buckingham Companies.

-The law firm Plunkett Cooney leased 4,000 square feet of office space at 300 N. Meridian St. The tenant was represented by Bill Ehret and Katie Gray of Summit Realty Group. The landlord, REI Real Estate Services, represented itself.

-Fox’s Pizza Den leased 1,600 square feet at Marketplace at Anson, 6579 E. State Road 334, Zionsville. Scot Courtney, Bart Jackson and Cindy Hoskinson of Grubb & Ellis Harding Dahm & Co. represented the landlord, Duke Realty. The tenant represented itself.

-ReMax at the Crossing leased 1,800 square feet of office space at Sycamore Springs, 4735 Statesman Drive. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.

-Indy Spine & Rehab leased 1,236 square feet at Carmel Drive Executive Office Park, 755 W. Carmel Drive, Carmel. Mark Holtzlander of Grubb & Ellis Harding Dahm & Co. represented the tenant. The landlord, TIC Properties Management LLC, was represented by Matt Jackson of Halakar Properties.

-Deering Cleaners leased 1,300 square feet at Chapel Hill Shoppes, 7301 W. 10th St. Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, GSR LLC. The tenant represented itself.
 

Sales/acquisitions

December 14, 2009

Southpark Real Estate LLC bought a 9,600-square-foot industrial building at 16525 Southpark Drive. The buyer was represented
by Jon Shuel of Resource Commercial Real Estate. The seller, Irwin Union Collateral Inc., was represented
by J.D. Graves and Patrick Lindley of Colliers Turley Martin Tucker. The sale price wasn’t
disclosed.

Still hoping to sell securities, Fair Finance seeks extension

December 14, 2009

Tim Durham’s Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents
they requested relating to insider loans and other issues.

‘Taxing’ not-for-profit property

December 14, 2009

Some Indiana mayors, desperate for revenue, think it’s time for "payments-in-lieu-of-taxes."

Former Visteon plant lined up for Carbon Motors

December 14, 2009

Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.

Indianapolis Colts, the team L.A. didn’t want

December 14, 2009

In some strange way, Indianapolis may have Raiders owner Al Davis to thank for having the winningest team this decade.
Some people still ask why L.A. didn’t lasso the Colts when it had the chance.

Supreme Court rejects Indiana’s appeal of Chrysler sale

December 14, 2009

The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker’s
bankruptcy proceedings.

Lilly wins approval for long-acting Zyprexa

December 14, 2009

Once-a-month injection of best-selling drug will have patents that could extend until 2018.

Local home builder placed in receivership

December 14, 2009

A receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.

You-review-it Monday

December 14, 2009

Did you feel Forced to go to “Star Wars in Concert”? Follow the tide to “Yuletide Celebration”?

Indiana weighs changes to combat out-of-state casinos

December 14, 2009

State lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana’s 11 riverboat casinos.

Nobel-winning economist Samuelson was Gary native

December 13, 2009

Economist Paul Samuelson, who won a Nobel prize for his effort to bring mathematical analysis into economics, helped
shape tax policy in the Kennedy administration and wrote a textbook read by millions of college students, died Sunday.

Indiana releases details of new welfare system

December 13, 2009

Hybrid system of technology and human contact to be tried in 10 counties before wider roll-out

KAR Auction Services shares inch up after IPO

December 12, 2009

Shares of KAR Auction Services Inc. Friday inched above prices set by the vehicle auctioneer in its initial public offering.

Fair Finance press release leaves investors hanging

December 11, 2009

The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.

KAR Auction Services shares open lower after IPO

December 11, 2009

Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.

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