Indiana AG proposes home contractor registry
Attorney General Greg Zoeller wants Indiana lawmakers to approve a state registry for home-remodeling contractors to boost consumer protections against would-be scammers.
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Government: NFL TV ‘blackout’ rule unsportsmanlike
The vote won’t actually end blackouts, which are written into the NFL’s private contracts with broadcast and cable companies. But it means responsibility for blackouts now lies entirely with the NFL and its television partners, not the government.
Health Care & Benefits Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's health care and benefits sector for a Power Breakfast panel discussion Sept. 26. The panel discussed disruption of employer clinics, health care spending and more.
Southeast-side CDC names new president
Southeast Neighborhood Development Inc. selected a veteran city official to take over the position from its current president, who is retiring.
Developer plans $9.1M project on Fountain Square parking lot
City officials have selected Deylen Realty’s proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
Cumberland eyes pavilion for markets, festivals
Town officials are eyeing a $1 million project to turn the former Schreiber Lumber pavilion near Carroll Road into a trailhead to host farmers markets, festivals, fundraisers and more.
BKD gets bigger with Chicago, Dallas acquisitions
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.
Indiana casinos want wagering, admission taxes cut
A legislative committee is weighing requests from Indiana casino operators to reduce the state's wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.
RV industry shipments on best pace since 2007
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
Four-story addition proposed for Mass Ave. office building
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
Tax caps have greatest impact for rental-property, farm owners
The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010.
High demand for road salt pushes costs up for state, city
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
Leases/leasing contracts
-Aldi grocery store leased 18,825 square feet at Greyhound Plaza, 146 N. Meridian St, Carmel. The tenant was represented by Jim Abel of Lee & Associates. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-Delivra Inc. leased 9,016 square feet of office space at 8415 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, E-L Allison Pointe IV LLP, was represented by Adam Broderick of JLL.
-Gary L. Bacon DDS PC leased 5,964 square feet of office space at 9650-9670 E. Washington St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, HTA-Medical Portfolio 3 LLC, was represented by Julia Schnepper of Healthcare Management of America Inc.
-Planned Investment Co. Inc. renewed its lease for 3,200 square feet at Precedent Office Park, 9265 Counselors Row. The tenant was represented by Andrew Follman of NAI Meridian. The landlord, Precedent Co-Investor LLC, was represented by Tammy Recker and John Robinson of JLL.
-Gimbal Financial leased 2,228 square feet of office space at 10100 Lantern Road, Fishers. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Genesis Development Group LLC, was represented by Paul Dick of Colliers International.
-Master Installers Inc. leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Teresa Harwood of Lee & Associates.
-Classic Kitchen & Granite renewed its lease for 1,170 square feet at 705 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.
-OSpa leased 940 square feet of retail space at 715 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.
-Allstate Insurance renewed its lease for 814 square feet at 725 S. Rangeline Road, Carmel. The landlord, Mohawk Investments LLC, was represented by Ryan Smith of Lauth. The tenant represented itself.
Sales/acquisitions
-FORUM Credit Union bought 1.32 acres in Brookville Crossing, 7855 Brookville Road. The buyer was represented by Stephen Daum of Cushman & Wakefield/Summit. The seller, Brookville Crossing LLC, was represented by Shawn Deitch of Kaiser Land Co.
-Speedway LLC bought .99 acres in Brookville Crossing, 7850 Brookville Road. The seller, Brookville Crossing LLC, was represented by Shawn Deitch of Kaiser Land Co. The buyer represented itself.
-Raymond C. Bauman bought a 13,200-square-foot retail center at 4202 S. Meridian St. The buyer was represented by Craig Heindel of Artisan Realtors. The seller, First Financial Collateral Inc., was represented by Joseph DiSalvo and Matt Deahl of Marcus & Millichap.
-IDI Rental Properties LLC bought a 3,063-square-foot office property at 8970 Fitness Lane, Fishers. The buyer was represented by Paul Dick of Colliers International. The seller, HREC LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
Construction
-Capitol Construction has completed a 2,500-square-foot fitness center for Zeller Realty Corp. at Meridian Plaza Building III, 10333 N. Meridian St, Carmel.
-Capitol Construction has completed a 3,000-square-foot conference center for Zeller Realty Corp. at Meridian Plaza Building III, 10333 N. Meridian St., Carmel.
-Capitol Construction has completed a 4,500-square-foot office build-out for Parr Richey at Capital Center, 201 N. Illinois St.
Rates
The average rate for 30-year mortgages fell from 4.33 percent to 4.30 percent in the week ended Sept. 25, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.46 percent.
Cook CEO tops list of richest Hoosiers
Cook Group Inc. CEO Carl Cook is among four Hoosiers on Forbes’ annual list of the 400 richest people in America.
If past is prologue, HMOs will make a comeback in Indiana
WellPoint created an HMO joint venture with seven big hospitals in Los Angeles. Could it do something similar here? Quite possibly.
Endocyte faces big decisions with new cancer drug
Endocyte’s lead drug showed big impact on lung cancer patients, but some analysts think the company should scrap it for a newer drug that is more powerful.
Washington Square Mall losing biggest tenant
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.