Construction
-Capitol Construction has completed a 3,000-square-foot retail build-out for MG Tates at 8702 Keystone Crossing.
-Capitol Construction has completed a 3,800-square-foot retail build-out for AFSCME at 9075 N. Meridian St.
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Rates
The average rate for 30-year mortgages rose from 4.25 percent to 4.32 percent in the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.35 percent to 3.41 percent.
People
Meyer Najem Construction Executive Vice President Sam Mishelow has been promoted to chief strategy officer of the company.
Leases/leasing contracts
-HJ Umbaugh & Associates leased 20,937 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Christopher Carmen of Carmen Commercial Real Estate Services Inc. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-3xLogic Inc. leased 14,182 square feet of industrial space at 9880-9896 E. 121st St., Fishers. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-The Tamale Place leased 2,590 square feet at 1155 Stop 11 Road, Suite D. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, J&J Partners LLC, was represented by Ryan Zickler of Zickler and Associates.
-Wynright Corp. leased 2,400 square feet of industrial space at 5603 W. Raymond St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Dr. Billie J. Jameson leased 2,270 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.
-Omni Tech Calibration Services Inc. leased 2,250 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Matt Kiger and Derek Menerey of Newmark Knight Frank Halakar. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.
-Force Holding Company LLC leased 2,160 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, CrossLake Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-Dajac Inc. leased 2,000 square feet of industrial space at 17406 Tiller Court, Westfield. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, First Financial Bank NA, was represented by J.D. Graves of CBRE.
-Encanto De Yemaya leased 1,420 square feet of retail space at Grant Plaza, 3035 Lafayette Road.The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-The Bully Store leased 850 square feet of retail space at 2405 Lafayette Road. The landlord, 2405 Lafayette Road LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
Correction
Andrew Leonard is with 7D Commercial Real Estate. The firm name was incorrect in the 3 Sisters Cafe lease published last week.
High-stakes NCAA amateurism trial gets under way
The case, brought by former UCLA basketball star Ed O'Bannon, could determine whether the NCAA has to negotiate with players seeking to be paid for appearing in televised games without forfeiting scholarships.
Mourdock compares U.S. economic woes to Nazi Germany
In a speech, Mourdock cautioned GOP members to be wary of politicians who promise entitlements and spending as debt grows. He said the Nazis made the same promises to Germans before that country's 1936 elections.
Federal agents seize documents at charter school
Agents collected documents from the Indiana Math and Science Academy this week as part of court-ordered search warrant. The school at 7435 N. Keystone Ave. said it provided information related to a federal grant program.
New restaurants make the Zoobilation lineup
The annual Indianapolis Zoo fundraiser offers a seemingly endless supply of food samples from some of Central Indiana’s leading restaurants. Here are the newbies.
Conner Prairie seeks funding to keep balloon ride flying
By the end of Conner Prairie’s 2014 season, about 100,000 people will have taken to the skies in its tethered helium balloon—a high-flying attraction that soared to landmark status soon after it debuted five years ago.
North Central grad returns to anchor WTHR weekend news
Naomi Pescovitz will helm the Saturday and Sunday editions of “News Sunrise,” beginning July 9.
Unemployment rate holds steady as U.S. regains lost jobs
Employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
Ivy Tech to offer new computing, informatics programs
Software development is among seven new tech-heavy subjects the community college will offer in its School of Computing and Informatics beginning in August.
Adviser who swindled Ball State out of $8M gets 4 years
Seth Beoku Betts persuaded the university to give him money to invest in collateralized mortgage obligations. His attorney say he lost the money through bad investments, but prosecutors say he spent much of it on himself, including buying a $1.5 million home in Florida.
PROXY CORNER: Cummins Inc.
Columbus, Ind.-based Cummins Inc. designs and manufactures diesel engines for automotive and industrial markets. It also provides filtration, exhaust and electronics systems, natural gas engines and engine components.
DINING: Mass Ave diners finally have opportunity to study Pizzology
Airy atmosphere and friendly service, combined with relatively simplistic combinations built from largely farm-fresh ingredients, help keep this pizzeria from being intimidating.
Hotel app maker to shift HQ accommodations to Indianapolis
Dallas-based Yikes, which automatically handles most hotel transactions for consumers, is planning on ramping up operations and settling its main office in downtown Indianapolis.
Lender to bankrupt country club puts on suitor’s cap
The lender for the Hawthorns Golf & Country Club is an affiliate of California-based Concert Golf Partners, which hopes to convert its debt into ownership of the Fishers club.