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Ballard set to shake up CIB with staff moves

November 24, 2009

CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city’s professional sports stadiums and the Indiana Convention Center.

Out with the old at IRL, in with the new at IMS

November 23, 2009

On same day Indianapolis Motor Speedway hires its first ever chief information officer, the Indy Racing League loses its vice
president of public relations. It truly has become a season of change at 16th and Georgetown.

Lumina awards $831,000 to state chamber, commission

November 23, 2009

The Indiana Chamber of Commerce and the Indiana Commission for Higher Education announced Monday afternoon that the Lumina Foundation for Education has awarded them $831,000 to help fund an initiative designed to increase the number of college graduates.

Housing

November 23, 2009

On a seasonally adjusted basis, the pace of mortgage loan activity fell 2.5 percent for the week ending Nov. 13, according to the Mortgage Bankers Association. Rates for 30-year loans decreased to 4.83 percent from 4.9 percent the previous week. Fifteen-year mortgages decreased to 4.32 percent to 4.33 percent.

Construction

November 23, 2009

-Capitol Construction Services Inc., Fishers, has started a 5,254-square-foot tenant build-out for Encore-Sotheby’s
International Realty at 9510 N. Meridian St. The project is scheduled to be completed Jan. 8.

-D.B. Klain Builders
LLC, Carmel, recently completed tenant interior renovations of 5,253-square-feet of office space at 4005 Vincennes Road. The
space is occupied by Pillow Express Logistics.

-D.B. Klain Builders LLC, Carmel, recently completed tenant build
out of a1,750-square-foot office space located at 1007 3rd Ave., SW, Carmel. The space is occupied by Comm Works.

Leasing/leasing contracts

November 23, 2009

-Wisconsin Community Recyclor Inc. leased 7,755 square feet at Circle City Industrial Complex, 1125 Brookside Ave. Greg Witkowski of CB Richard Ellis represented the tenant. The landlord/owner, Circle City Investors LLC, was represented by Tyler Mensch and Kyle Powell of Colliers Turley Martin Tucker.

-Alcoa’s Fastening Systems Division leased 20,800 square feet at 5436-5446 W. 78th St., Park 100. Brian Seitz of Jones Lang LaSalle represented the tenant. The landlord, Duke Realty, was represented by Kate Willen of Duke.

-LaForce Inc. leased 8,277 square feet at 7750 Zionsville Road. John Hanley and Nikhil Gunale of CB Richard Ellis represented the tenant. The landlord/owner, 7750 Zionsville LLC, was represented by Kyle Powell and Michael Weishaar of Colliers Turley Martin Tucker.

-Wild Ginger Restaurant leased 3,200 square feet at Fishers Town Commons, 116th Street and Fishers Pointe Boulevard. Wayne O’Hara of Sitehawk Retail Real Estate represented the tenant. The landlord, The Broadbent Co., was represented by Brian Broadbent.

-Elite Engraving leased 1,150 square feet at Castleton Plaza, East 82nd Street and Center Run Road. The landlord, The Broadbent Co., was represented by Jeff Roberts. The tenant represented itself.
 
-Peter Francis Geraci leased 2,800 square feet at Castleton Point, East 82nd Street and Allisonville Road. The landlord, The Broadbent Co., was represented by John Beuoy. The tenant represented itself.

-Steak City leased 1,600 square feet at Lafayette Shops, West 38th Street and Georgetown Road. The landlord, The Broadbent Co., was represented by Drew Kelly. The tenant represented itself.

-ABC Employment leased 1,890 square feet at Georgetown Plaza, West 38th Street and Georgetown Road. Andrew Schrage of Coldwell Banker Commercial Realty Services represented the tenant. The landlord, The Broadbent Co., was represented by Drew Kelly.
 

Police shoot at suspect in church parking lot

November 23, 2009

An off-duty Indianapolis police officer opened fire outside Castleton Christian Church on Sunday morning, shooting at a vehicle
he said tried to run him over. A witness called 911 after seeing three men using a crow bar to gain entry to a van. When Detective
James Carver tried to stop them, he said they jumped into their vehicle and swerved in his direction. He said he fired his
weapon in self defense. Police say one of the suspects may have been hit by a bullet. Investigators are still looking for
the suspects’ car, a white four-door Chrysler with chrome wheels and dark tinted windows.

Boyfriend hospitalized after being run over

November 23, 2009

A woman accused of running over her boyfriend with his own car has surrendered to police. Police said Chanel Garrett hit Michael
Powell with his SUV during an argument on Sunday. Garrett allegedly pulled away, then backed up and struck Powell, dragging
him nearly 40 feet onto the sidewalk near the intersection of 40th Street and Park Avenue. Powell was treated at Wishard Hospital.
Garrett is charged with battery.

Police still looking for VP slaying suspect

November 23, 2009

Metro police continue to search for two people accused of killing a south-side Village Pantry clerk early Saturday morning.
Employee Becky Hough was shot to death during a robbery at the store on South Meridian and Arizona streets. She had worked
at the convenience store for more than two decades.

Bank slogan gets acid test

November 23, 2009

The banking crisis isn’t the only reason to rethink the ubiquitous “We care” theme.

Biglari was persistent in pressing Western Sizzlin deal

November 23, 2009

Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.

Is Peyton Manning underpaid?

November 23, 2009

Indianapolis Colts quaterback Peyton Manning counts almost $19 million against the team’s salary cap. That’s more than $4
million higher than Tom Brady. But some still think he’s underpaid.

Salvation Army kettles going high-tech

November 23, 2009

The Salvation Army of Indiana soon will test a swipe-card option for curbside donations to its annual “Tree of Lights” fund-raising campaign.

U. S. home sales hit highest level since early 2007

November 23, 2009

The National Association of Realtors said Monday that home resales rose 10.1 percent in October, spurred by a tax credit that
buyers
expected to expire at the end of the month.

Duke Realty renews credit agreement

November 23, 2009

The renewed credit deal was extended for two years and includes an option to boost the value to $1.05 billion.

Indiana casino owner declares bankruptcy

November 23, 2009

Majestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black
Hawk, Colo.

You-review-it Monday

November 23, 2009

Did your weekend include “La Boheme”? “Chicago”?

Wind turbine maker adding 260 jobs in New Albany

November 23, 2009

California-based WindStream Technologies Inc. plans to locate a development and production facility at Purdue Research Park
of Southeast Indiana, creating more than 260 jobs by 2012.

Rising unemployment taxes could hinder hiring

November 23, 2009

The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.

College building boom puts Indiana in tough situation

November 22, 2009

The state has approved more than $1 billion in university projects in the last 18 months.

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