Byrd’s flying north to renovated Fountains facility
The Carmel banquet center formerly known as The Fountains is being remodeled to accommodate new tenant Jonathan Byrd’s Catering.
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REVIEW: ‘Miles & Ellie’ at the Phoenix Theatre
Who’d have thought that the place to go for a Teflon summer romantic comedy would be the Phoenix Theatre?
Well-known east-side Mexican eatery closes
El Sol de Tala, a staple on East Washington Street for several decades, shut its doors earlier this month amid a court dispute between the restaurant's owner and his landlord.
Developer seeks $11.5M subsidy for Carmel project
Edward Rose Development Group is asking the city to issue tax-increment financing bonds to help pay for a parking garage and infrastructure in an $80 million project it’s planning.
Airport embarking on parking garage repairs
The Indianapolis International Airport has planned nearly $8 million in garage maintenance over the next two years. It’s also looking into an alternative to its atrium canopy, which has collapsed twice in three years.
NCAA sets vote on modified governance proposal
After years of consternation and months of debate, the Indianapolis-based NCAA says that its board of directors will vote on a formal proposal to give schools in the highest-profile conferences more influence over the college rules.
Prosecutors: Expungement law has good, bad sides
An Indiana law allowing some criminals to have their records expunged is drawing mixed reviews from judges and attorneys, who say parts of the law don't make sense.
Construction
-Kort Builders has completed a 2,000-square-foot build-out for The Kolache Factory at 890 E. 116th St., Carmel.
-Kort Builders has completed a 7,000-square-foot build-out for PetPeople at Nora Plaza, 86th Street and Westfield Boulevard.
People
Mainstreet has added the following employees:
Susan Bartle has joined as human resource generalist.
Anne Bearman has joined as an executive assistant.
Tim Roberts has joined as construction manager.
Brittany Shuler has joined as financial analyst.
Kit Werbe has joined as communications and media manager.
Rates
The average rate for 30-year mortgages fell from 4.31 percent to 4.3 percent in the week ended July 17, according to Bankrate.com. The rate for 15-year mortgages fell from 3.41 percent to 3.4 percent.
Indiana Democrats deal with education split
The fighting has exposed a deep rift within the party over how students are educated.
Leases/leasing contracts
-Kenco Logistic Services LLC leased 257,030 square feet in Browning/Duke Realty’s AllPoints at Anson Building 7A in AllPoints at Anson, Whitestown. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Jay Archer and Mark Hosfeld of Duke.
-Fuzion Analytics Inc. leased 27,296 square feet at 550 Congressional Blvd., Carmel. The landlord, 550 REI Perennial LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The tenant represented itself.
-Applied Engineering Services Inc. leased 13,745 square feet at 9100 Keystone Crossing. The tenant was represented by Brian Askins and Matt Waggoner of Cushman & Wakefield/Summit. The landlord, Equus Capital Partners Ltd., was represented by Abby Zito and John Robinson of JLL.
-Bubba's 33 leased 9,597 square feet at Greenwood Place, 7759-7921 S. US 31. The tenant was represented by Thompson Thrift. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent.
-KE Labs leased 4,412 square feet at 3500 DePauw Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, CP Pyramids Associates, was represented by Dave Moore of Cassidy Turley.
-Business Media Group leased 4,200 square feet at 8 W. Louisiana St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Sadie Properties LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-Anytime Fitness leased 4,000 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent. The tenant represented itself.
-McGrady Hill LLC leased 3,764 square feet at Crosspoint Plaza One, 10475 Crosspoint Blvd. The tenant was represented by Mark McDermott of McDermott Commercial Inc. The landlord, Lexington Crosspoint LP, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-Verizon Access Transmission Services leased 3,427 square feet at 550 Congressional Blvd., Carmel. The tenant was represented by Kevin Riley of CBRE. The landlord, 550 REI Perennial LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-A-1 Cash Advance leased 1,200 square feet of retail space in Kroger Plaza, 1619 E. Michigan Road, Shelbyville. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Delicias Jalisco leased 1,200 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.
Correction
Samerian Foundation and Expo Center leased 2,035 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The tenant was represented by Sam Smith of Colliers International. The landlord, Sandor Development, was represented by Nick Roth of Sandor. The tenant rep was not listed in last week's Real Estate Weekly.
Sales/acquisitions
-Ambrose Property Group bought the five-building, 436,000-square-foot former Safeco Corp. office complex at 500 N. Meridian St. The buyer was represented by Joseph DiSalvo and Matt Deahl of Marcus & Millichap. The seller, a group of investors led by N Meridian LLC, was represented by DiSalvo, Deahl and Forest Bender, also of Marcus & Millichap.
-AFC Enterprises, d/b/a Popeyes Louisiana Kitchen, bought a .96-acre outlot at Fishers Marketplace, State Road 37 and 131st Street, Fishers. The buyer was represented by Larry Davis and Steve Delaney of Sitehawk Retail Real Estate. The seller, ONB Realty I LLC, was represented by Chris Hake and Ryan Menard of Thompson Thrift Development.
Steel Dynamics buying Mississippi plant for $1.6B
Fort Wayne-based Steel Dynamics said the plant it is buying from a company controlled by Russian billionaire Alexey Mordashov is one of the newest and most technologically advanced mini-mills in North America.
Ag-gag laws facing federal court challenges
The years-long fight between farm organizations and animal rights activists over laws prohibiting secretly filmed documentation of animal abuse is moving from state legislatures to federal courts as laws in Utah and Idaho face constitutional challenges.
Security to be tight at Expo this weekend
Indianapolis officials are taking extra steps to ensure safety at Indiana Black Expo’s Summer Celebration in a year that has seen a surge in homicides.
Indiana adds jobs, but unemployment inches up
The state added 17,400 jobs to employer rolls in June, including a 7,400-worker boost in the government sectors. But a bump in residents returning to the labor force increased the unemployment rate.
Clock ticks on Wigwam’s fate
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.