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Sales/acquisitions
Airpark Development Partnership bought 52.2 acres at 851 W. Mausoleum Road, Shelbyville, for an undisclosed amount. Stan Elser and Bill Brennan of Grubb & Ellis Harding Dahm & Co. represented the seller, Masco Support Services Inc. The buyer represented itself.
Construction
-GDI Construction Corp. is building a 25,800-square-foot headquarters for Therametric Technologies at 9880 Douglas Floyd Parkway,Noblesville. The project is scheduled to be completed in March 2010.
-C.F. Jones Group is finishing work on a 10,000-square-foot childcare center for Children of America at 10830 Pendleton Pike. The project, developed by Maquina Realty, is scheduled to be completed in January.
-Shamrock Builders-Commercial has started construction of a 6,154-square-foot office at 1000 W. Jefferson St., Franklin, for Daniel S. Martin D.D.S., M.S.D. The project is scheduled to be completed in summer 2010.
Report: Simon considers sale of European properties
Simon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt
rival General Growth Properties.
Feds drop Durham asset-seizure suit
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham’s assets after
receiving
assurance they wouldn’t vanish.
Fair Finance offices fail to reopen
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company’s investment certificates.
Housing
On a seasonally adjusted basis, the pace of mortgage loan activity fell 4.5 percent for the week ending Nov. 20, according to the Mortgage Bankers Association. Rates for 30-year loans decreased to 4.82 percent from 4.83 percent the previous week. Fifteen-year mortgages were unchanged at 4.32 percent.
A big break for the FBI
A former deputy constable is expected to plead guilty to federal charges of conspiracy as part of an investigation into bribery
in the Perry Township constable’s office. As part of the plea, Michael Sherfick is expected to tell federal investigators
about others involved. The investigation focuses on more than $30,000 worth of alleged bribes paid by local businessmen. In
return, investigators say, the businessmen got deputy constable badges and police powers. He’ll also have to say whether any
money was funneled into the political campaigns of constable Roy Houchins and other Marion County Republicans.
Man shot in Danville movie theater
Police are investigating a shooting at the Royal Theater in Danville that happened late Sunday night. Authorities say the
incident involved a theater employee, a male friend and a gunman. A struggle inside the theater led to the shooting, One man
was shot in the hand and taken to the hospital with non-life-threatening injuries. Police expect to make an arrest soon. Fox59
will have more at 4 p.m.
Planners recommend denial of IBJ variable-message sign
The city’s planning staff is recommending denial of an electronic message screen proposed as part of a new sign for IBJ Media
Corp., the parent company of Indianapolis Business Journal.
Leasing/leasing contracts
-Double-Take Software Inc. leased 45,429 square feet of office space at 8470 Allisonville Road. Brian Askins of UGL Equis represented the tenant. The landlord, Sun Life Financial, was represented by Andrew Martin and Michael Semler of Colliers Turley Martin Tucker.
-Oldcastle Glass renewed its lease for 90,560 square feet of industrial space at 4635 W. 84th St. Steve Schwegman of Jones Lang LaSalle represented the tenant. The landlord, NewTower Trust Co. MEPT, was represented by J. Bart Book and Todd Vannatta of Colliers Turley Martin Tucker.
-Noble Consulting Services leased 10,378 square feet of office space at 8365 Keystone Crossing. Brian Meeks and Jon Owens of Colliers Turley Martin Tucker represented the tenant. The landlord, Sourwine Co. LLC, was represented by Jeff Henry and Andrew Martin of Colliers Turley Martin Tucker.
-Infinimac Inc. leased 3,450 square feet of office space at 10711 Horse Creek Court, Fishers. Matt Jackson of Halakar Real Estate represented the tenant. The landlord, Prairie View at Crosspoint LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker.
-DVA Renal Healthcare Inc. leased 1,723 square feet of office space at 3021 E. 98th St. David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker represented the landlord, Brookfield Real Estate Opportunity Group. The tenant represented itself.
-Scientific Games International Inc. leased 20,000 square feet in Gateway Park II, 851 Columbia Road, Plainfield. Zane Brown of CB Richard Ellis represented the tenant. The owner/landlord, Coastal Partners, was represented by Terry Busch, Nikhil Gunale and John Hanley of CB Richard Ellis.
-Zeigler Cohen & Koch renewed its lease for 6,405 square feet of office space in Precedent Office Park, 9465 Counselors Row. The tenant was represented by Spero Pulos of Grubb & Ellis Harding Dahm & Co. The landlord, PP Indianapolis IV Project Corp., was represented by Rick Trimpe of CB Richard Ellis.
Tennis officials confirm sale of tournament
Officials with the Indianapolis Tennis Championships confirmed that they are selling the rights to host an annual
men’s professional tennis event that has roots in Indianapolis dating back to 1920.
Rich flocking to real estate
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
Sponsor: ‘No way’ smoking ban would pass in current form
A proposal to strengthen Indianapolis’ workplace smoking ban is set to come before the City-County Council on Monday
night, but one of the bill’s sponsors wants to send it back to committee for more work before a final vote.
Swarbrick’s decision to fire Weis would cost ND $45M
The "Sack Jack" T-shirts are already out in South Bend. If Notre Dame Athletic Director Jack Swarbrick doesn’t navigate
the costly crossroads he is about to enter carefully, he may be the next one packing out of South Bend.
Symons and family ordered to pay $34.2 million in fraudulent transfer case
A high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.