Interactive Intelligence seeks city tax breaks for expansion
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence’s planned $28 million investment.
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Estate in rural Indiana priced at $8M could be tough sell
Carriage Manor Estate is like one of those houses you see on TV shows documenting the high life of the rich and famous — except it's not located in Beverly Hills, New York or even Indianapolis.
Area home-construction permit filings flatten out
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.
Report: Charitable giving almost back to pre-recession levels
Charitable giving in the United States continues to recover from its recession-induced slump, reaching an estimated $335.2 billion last year, a new study concludes.
Judge finds ‘rational’ reasons for restricting cold-beer sales
Judge Richard L. Young ruled the state has legitimately drawn a line by only allowing liquor stores to sell cold beer.
GOP governors: EPA carbon dioxide rules job killer
Republican governors from oil-and-gas rich states said Monday that new federal rules designed to cut emissions linked to global warming from power plants by 30 percent by 2030 will kill jobs and growth.
Emmis acquires majority stake in software firm
Emmis Communications Corp. said Monday that it acquired a controlling interest in Indianapolis-based pricing software firm Digonex Technologies Inc. in a deal worth about $5 million.
Indiana social services chief Minott leaving post
The head of the Indiana Family and Social Services Administration is on her way out just as negotiations heat up with federal officials over Gov. Mike Pence’s alternative to a traditional Medicaid expansion.
2014 Palladium season includes Randy Newman, George Benson & much more
Wynton Marsalis, Trace Atkins, and Emerson String Quartet also make the cut. Schedule announced prior to the Great American Songbook Hall of Fame weekend.
Town waives fees to accelerate $17.6M senior-living project
Fishers will forgive as much as $300,000 in development fees to get a $17.6 million expansion project started by Aug. 1.
Construction
-Holladay Construction Group LLC. has completed an 8,612-square-foot bank renovation for Centier at 568 Carmel Drive.
-Holladay Construction Group LLC has partnered with Holladay Properties and Schahet Hotels to begin construction of a five-story, 122-room, 82,000-square-foot, full service Holiday Inn near Indianapolis International Airport. Completion is scheduled for the winter of 2015.
People
–Tammy Recker, brokerage coordinator for JLL's industrial services team, has been promoted to leasing associate for the firm's office services team.
–Sarah Morey has joined JLL as brokerage coordinator for the industrial services team.
–Ryan Room has joined JLL as general manager and vice president of the firm's property management team.
Rates
The average rate for 30-year mortgages rose from 4.32 percent to 4.34 percent in the week ended June 12, according to Bankrate.com. The rate for 15-year mortgages rose from 3.41 percent to 3.43 percent.
Leases/leasing contracts
-TriMedX leased 26,029 square feet of office space at 5555-5587 W. 73rd St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Duke Realty Corp., represented itself.
-HopCat-Broad Ripple leased 9,620 square feet of retail space in the Broad Ripple Parking Garage, 6280 N. College Ave. The tenant was represented by Ben Andrews of Sperry Van Ness. The landlord, 6280 LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-Bspot leased 3,887 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Brian Epstein of UrbanSpace. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein and Steve Delaney of Sitehawk Retail Real Estate.
-GPE leased 3,740 square feet of flex space at Roosevelt Business Park, 2506 Roosevelt Ave. The landlord, Gilliatte Family Realty LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Now Courier Inc. leased 3,200 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Ryan Kelly of Cushman & Wakefield/Summit. The landlord, Orton Development Inc., was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.
-General Services Administration renewed its lease for 2,407 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The tenant represented itself.
-Dr. Kenneth Ackles Sr. leased 1,466 square feet of office space in the Meridian Professional Building, 3266 N. Meridian St. The landlord, PBB III LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Protis Executive Innovations Inc. leased 1,217 square feet of office space in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Unique Heart Productions LLC leased 517 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
Correction
Andrew Clifford's name was incorrect in the June 10 Real Estate Weekly. Clifford is with 7D Commercial Real Estate and represented 3 Sisters Cafe in a recent lease transaction.
Sales/acquisitions
-TWG Investors bought the original Lawrence High School, a 15,000-square-foot building on 2.4 acres at 8301 E. 46th St. The seller, Metropolitan School District of Lawrence Township, was represented by Tim Norton, Katie Sobotowski and Tony Hupp of Cushman & Wakefield/Summit. The buyer represented itself.
-Robert's Distributing bought a 35,000-square-foot industrial building at 220 E. St. Clair St. The buyer was represented by Bill French and Fritz Kauffman of Cassidy Turley. The seller, Office Furniture Mart, was represented by J.D. Graves of CBRE.
-Ray Penn LLC bought a 57,358-square-foot industrial building at 927 S. Pennsylvania St. The buyer was represented by Walter Freihofer of Freihofer Commercial Real Estate. The seller, 927 S. Penn LLC, was represented by Patrick Lindley of Cassidy Turley.
Ball State bilked in 2nd scheme for $5 million
Ball State University lost $5 million in an investment fraud scheme in addition to the $8.1 million scheme announced last week.