Zoo lands $5M gift for new orangutan center
The $26M exhibit will be named the Simon Skjodt International Orangutan Center in recognition of the donation from Indianapolis philanthropist Cindy Simon Skjodt.
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Negative ads shake up 2014 GOP primary battles
What has otherwise been a fairly sleepy primary cycle suddenly started to wake up in the past week, when negative ads from an otherwise soft-spoken veteran lawmaker hit the airwaves in Indianapolis.
Election key step in town’s change into city
An Indianapolis suburb will begin the transition from the town to city this Tuesday, as voters in Fishers vote in its first municipal primary election.
Mitch Daniels joins Hulman & Co. board
Former Gov. Mitch Daniels is joining the board of Hulman & Co., which owns the Indianapolis Motor Speedway.
Construction
Capitol Construction has completed a 13,000-square-foot office remodel for the Indiana Lieutenant Governor's Office at One North Capitol.
People
David Reed has joined the global property services firm DTZ as senior vice president and managing director of its Indianapolis office.
Residential
The average rate for 30-year mortgages fell from 4.48 percent to 4.44 percent in the week ended May 1, according to Bankrate.com. The rate for 15-year mortgages fell from 3.54 percent to 3.51 percent.
Leases/leasing contracts
-DuCharrme McMillen & Associates Inc. leased 41,150 square feet at 9229 N. Delegates Row. The tenant was represented by Matt Waggoner and Brian Askins of Cushman & Wakefield/Summit. The landlord, PP Indianapolis VI Project Corp., was represented by Rick Trimpe and Tim Hull of CBRE.
-Mi Corral leased 2,879 square feet of retail space in Greenbriar Shopping Center, 8537 Ditch Road. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
-The Huntington National Bank leased 2,478 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant and landlord, Carmel Lofts LLC (an entity of Keystone Realty Group), were represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Moody Retail Shops LLC leased 2,160 square feet of retail space in Village Commons I, 862 S. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, VC-1 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Avon Health Associates LLC leased 1,600 square feet at 9245 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Caplin Sniderman LLC leased 1,500 square feet at 9245 N. Meridian St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Center Grove Foot & Ankle Care renewed its lease for 1,240 square feet of office space in The 1250 Building, 1250 E. County Line Road. The tenant and landlord, AMARD LLC, were represented by Cathy Richards of Lee & Associates.
-Errol Isaac DDS leased 1,200 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Sales/acquisitions
-Highpointe Apartments LLC bought 12.81 acres of land at 136th and Illinois streets, Carmel. The seller, Frank K. Regan, was represented by Tom Osborne of Colliers International. The buyer represented itself.
-Yahya Sammour bought a 1,715-square-foot retail space at 3913 North Keystone Ave. The buyer and seller, C-Cat Properties LLC, were represented by Ron Escue of Colliers International.
-Mark A. Scott bought a 2,880-square-foot industrial property at 1225 Ransdell Court, Lebanon. The buyer was represented by Michael Weishaar of Cassidy Turley. The seller, Ridgway Revocable Trust Declaration, was represented by Jerry Alexander of Prudential Indiana Realty Group.
A silver lining for Endocyte
The news this morning couldn’t have been worse for Endocyte Inc. But if it had to come, the timing couldn’t have been better–because it allowed Endocyte to raise a pile of cash to spend on the other drugs in its pipeline.
Interactive claims top MIRA Award for second straight year
The top honor at the Mira Awards on Saturday night went to software firm Interactive Intelligence, while academia made waves in other categories at the annual technology-sector event.
UPDATE: Indiana education waiver could be at risk, Feds say
Indiana's efforts to set its own educational course could be in danger if the state fails to correct issues with the implementation of its No Child Left Behind waiver, the U.S. Department of Education said.
Pacers’ Hibbert deserves standing ovation
Despite having no points, two rebounds and four fouls in just more than 12 minutes, Pacers center Roy Hibbert's performance in Atlanta Thursday is deserving of fans' admiration. He did what so few stars before him have.
Endocyte shares plunge 60 percent after drug trial is stopped
Endocyte Inc.’s stock fell more than 60 percent in early trading Friday after the drug it’s developing with Merck & Co.’s backing failed to help patients in a trial for ovarian cancer.
Carmel’s Main Street getting more upscale apartments
Carmel officials have signed off on Keystone Realty Group’s plans to build a five-story mixed-use building southwest of Old Meridian and Main streets.
U.S. gains 288,000 jobs as rate falls to 6.3 percent
U.S. employers added a robust 288,000 jobs in April, the most in two years. The unemployment rate sank to 6.3 percent, its lowest level since September 2008. But the drop occurred because the number of people working or seeking work fell sharply.
Remy sees quarterly rise in profit, revenue
Pendleton-based manufacturer Remy International Inc. saw profit rise to $9.5 million in the first quarter, up from $1.8 million in the same period of 2013.
Purdue raises $7.5 million during day of giving
Purdue University received 6,500 donations ranging from $10 to more than $1 million each during its inaugural Day of Giving.
Health IT firm hc1.com to add up to 175 Boone County jobs
The company said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its current 16,626-square-foot headquarters at Northwest Technology Park.
Indoor slides, high-paying jobs part of Interactive’s expansion plan
A day in the life for hundreds of new employees at Interactive Intelligence Group Inc. could mean riding a slide from one floor of their office to the next while earning about $80,000 per year.