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Simon Foundation gives $1M to library literacy initiative

September 9, 2009

The Indianapolis-Marion County Public Library Foundation today announced that it has received a $1 million gift from the Herbert
Simon Family Foundation to expand its early childhood literacy initiative.

Debate continues on Sunday alcohol sales

September 9, 2009

A panel will hear public testimony Sept. 15 on whether Indiana should reverse its ban on Sunday alcohol sales. This afternoon,
an interim study committee will begin what it’s calling a fact-finding mission. Currently, Hoosiers can buy alcohol on Sundays
if they’re at a restaurant, a Colts game or a winery, but retail sales at liquor stores and grocery stores are not allowed.
Fox 59 will have more at 10 p.m.

Defense contractor picks southern Indiana site

September 9, 2009

A defense contractor plans to take over a former Visteon facility in southern Indiana, where it will do work for the nearby
Crane Naval Surface Warfare Center.

Indiana expects jobless fund troubles until 2015

September 9, 2009

Indiana officials say it will take longer to resolve the state’s bankrupt unemployment insurance fund’s funding troubles
than projected when a law designed to start fixing the system was enacted in April.

People

September 9, 2009

Jim Karozos has joined Grubb & Ellis Harding Dahm & Co. as a broker

Construction

September 9, 2009

Shamrock Builders-Commercial has started construction of a 2,520-square-foot office build-out for Bradley Consulting Inc.
at 1620 W. Oak St., Zionsville. The office for the medical management company will open in November.

Housing

September 9, 2009

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 2.2 percent for the week ending Aug. 28, according
to the Mortgage Bankers Association. Rates for 30-year loans decreased to 5.15 percent from 5.24 percent the previous week.
Fifteen-year mortgages decreased from 4.58 percent to 4.57 percent.

Sales/acquisitions/listings

September 9, 2009

-Mainstreet Property Group purchased 17 acres of land east of State Road 37 and Cumberland Road in Noblesville for $2.2 million. Abbe Hohmann of Colliers Turley Martin Tucker represented the seller, Brookview Properties II. The buyer was represented by Bill Flanary, also of Colliers.

-Westfield Outdoor bought an 18,262-square-foot office building at 8675 Purdue Road for $1.27 million. Jon Owens and Brian Meeks of Colliers Turley Martin Tucker represented the seller, Capstone Realty Company LLC. The buyer was represented by Mike Clark of the F.C. Tucker Co.

Leasing/leasing contracts

September 9, 2009

-Grace Assembly of God leased 5,000 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards
of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc. The tenant was represented by Bruce Richardson
of Royal Companies Inc.

-Hong Kong House leased 2,432 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 Corp. The tenant represented itself.

-Subway leased 2,213 square feet at Hamilton Crossing,
12261 N. Meridian St., Carmel. Rick Jones of Grubb & Ellis Harding Dahm & Co. represented the tenant. Andrew Hasbrook
of Kite Realty Group represented the landlord, Kite Realty Group Trust.

-America’s Floor Source leased 9,800 square
feet of warehouse space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Mark
Stephenson of Sigma Group. The tenant was represented by Matt McGrady of Summit Realty Group and Chris Miller of Continental
Real Estate in Columbus, Ohio.

-Schiele Enterprises leased 21,000 square feet of warehouse space at 2402 N. Shadeland
Ave. The landlord, Shadeland South Business Park LLC, was represented by Mark Stephenson of Sigma Group. The tenant was represented
by Kevin Kempf of Colliers Turley Martin Tucker.

– HG Metals leased 25,950 square feet of industrial space in
Brookside Industrial Park, 1720 Wales Ave. J.D. Graves of Colliers Turley Martin Tucker represented the tenant. The landlord,
Brookside Industrial Park LLC, was represented by Tyler Mensch, also of Colliers.

-Rescare Inc., doing business
as Community Alternatives Adept/Voca Central, leased 16,111 square feet of office space at 8041 Knue Road. The tenant was
represented by Brian Askins of UGL Equis. The landlord, Brookfield Real Estate Opportunity Group, was represented by David
A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.

-The Bonar Group leased 4,880 square feet of office
space at 6410-20 Castleway West Drive. The tenant was represented by Brian Askins of UGL Equis. The landlord, Brookfield Real
Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.
 

-McLeod USA Telecommunications Services Inc. leased 19,221 square feet of industrial space at 7998 Centerpoint Drive.
The tenant was represented by Partners National Real Estate in Dallas. Fritz Kauffman and Bryan Poynter of Colliers Turley
Martin Tucker represented the landlord, ING Clarion.

-Family Tree Counseling Associates leased 2,087 square feet
of office space at 706 Pro Med Lane, Carmel. The tenant was represented by Ryan Conrad of Resource Commercial Real Estate.
The landlord, Mascaro Holdings LLC, was represented by David A. Moore, Bennett M. Williams and Darrin L. Boyd of Colliers
Turley Martin Tucker.

No talks between Harley, owner of local site

September 9, 2009

Shelby County officials hope Harley-Davidson Inc. chooses a site next to Indianapolis for a new assembly plant, but the discussions
are so preliminary that the property owner has yet to hear the first word from the motorcycle company. Tim Shrout, managing
member of Indianapolis-based Cedar Run Investments LLC, said he thinks Harley officials are using the Indiana site along with
potential sites in Kentucky and Tennessee as leverage to gain concessions at an existing assembly plant in York, Penn. “I
think it’s a long shot,” Shrout said of his chances of selling land to accommodate the plant.

Deals from China trip unlikely to come right away, official says

September 9, 2009

Don’t expect the contingent traveling with Gov. Mitch Daniels on his 10-day trade mission to China and Japan to return to
Indiana with a major commitment from an Asian company.

Assessing downtown cleanliness

September 9, 2009

Indianapolis’ downtown has its strengths. But what are those smells?

The Indy roots of “Glee”

September 9, 2009

The latest show from Indianapolis native Ryan Murphy launches tonight on Fox.

Around town roundup

September 9, 2009

Find out about a new Latin market and tapas bar, plans to renovate the Apple Store and post office closings.

Local truck dealer strikes deal for big daddy of hybrids

September 9, 2009

Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.

Ron Gifford’s blog from China

September 9, 2009

Indy Partnership CEO Ron Gifford is traveling with Gov. Mitch Daniels and a delegation of Hoosier business and community
leaders on a trip to Asia through Sept. 16. Gifford is blogging about his experiences as he works to bring
new jobs and investment to the economic development group’s 10-county Indianapolis region. Bookmark this
page and check back for updates.

HHGregg promotes three executives

September 9, 2009

Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.

Indiana Supreme Court to review library project lawsuit

September 9, 2009

The Indiana Supreme Court will decide whether engineering subcontractors should be held liable for millions of dollars in
cost overruns in a recent renovation of Indianapolis’ central public library.

Purdue to increase financial aid, give fee rebates

September 9, 2009

Purdue University says it will increase financial aid to certain students to offset this year’s tuition increase.

Judge refuses to reduce bond in church fraud trials

September 9, 2009

An Indiana judge today declined to reduce the $1.5 million cash bonds for a former pastor and his sons charged with bilking
church members nationwide out of millions of dollars.

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