RACE: Old shopping centers don’t have to be heat islands
Here’s how we can mitigate the damage being done by the city’s acres of asphalt.
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Skarbeck: Trillions raised, invested by private equity players
An estimated 2,700 private equity firms manage some $3.5 trillion in assets. Often called “buyout firms,” they solicit investments from pension funds and other well-heeled investors that are pooled into “funds” and used to acquire public and private companies.
MORRIS: Let’s ‘show up and perform’ for vets
A Hoosier veteran says the state could do a better job of honoring those who have served.
Hicks: Income inequality tied to capital investments
French economist Thomas Piketty’s new book “Capital in the Twenty-First Century” is far and away one of the most important books on the economy in some time.
Government groups tap civic ‘hackers’ to address problems
A collection of tech firms and business organizations will host a “hackathon” on Saturday at The Speak Easy, a Broad Ripple co-working club for entrepreneurs.
Construction
-Capitol Construction has completed a 3,000-square-foot office build-out for Lee Ford at 11595 N. Meridian St., Carmel.
-Capitol Construction has completed a 4,700-square-foot restaurant for The North End at 1250 E. 86th St.
Rates
The average rate for 30-year mortgages fell from 4.29 percent to 4.25 percent in the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages fell from 3.38 percent to 3.35 percent.
Leases/leasing contracts
-DQE renewed its lease for 48,080 square feet at 9910 North by Northeast Blvd., Fishers. The tenant was represented by Andrew Morris of Cushman & Wakefield/Summit. The landlord, Meritex Enterprises Inc., represented itself.
-Brickman Group leased 28,734 square feet at 8731 Americana Blvd. The tenant was represented by Brian Buschuk and Jake Sturman of JLL. The landlord, Maddox Industrial Contractors Inc., was represented by John Demaree and Steven Schaub of Cushman & Wakefield/Summit.
-TVF Inc. leased 18,500 square feet of industrial space at 2855 N. Franklin Road. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Franklin Road Realty LLC, was represented by Janet Crump of Western Select Properties.
-Rainbow International of East Indianapolis leased 7,302 square feet of industrial space at 3940-44 Pendleton Way. The tenant was represented by Derek Menerey of Newmark Knight Frank Halakar. The landlord, Pendleton/Parkside LLC, was represented by Debbie Mann of Mann Properties.
-The Dawg House Dueling Piano Bar leased 4,769 square feet at 6235 N. Guilford Ave. The tenant was represented by Debra Williams of DTM Real Estate. The landlord, Monon Housing Partners LLC, was represented by Jason S. Challand of Echelon Realty Advisors.
-Giordano’s leased 4,000 square feet at River’s Edge, 4110 E. 82nd St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, KRG Rivers Edge LLC, was represented by Blake Beaver of Kite Realty Group.
-3 Sisters Cafe leased 2,665 square feet at 6223 Guilford Ave. The tenant was represented by Andrew Clifford of 7DRE. The landlord, Monon Housing Partners LLC, was represented by Jason S. Challand of Echelon Realty Advisors.
-Together Homecare of Indianapolis LLC leased 2,340 square feet of office space at 8365 Keystone Crossing. The tenant was represented by David Moore and Darrin Boyd of Cassidy Turley. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Pinnacle Chiropractic & Wellness leased 2,100 square feet of retail space at Fall Creek Harbour, 10126 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.
-Fast Tans renewed its lease for 1,600 square feet of retail space at George Thomas Plaza, 1016 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson of Lee & Associates.
Sales/acquisitions
-Amerco Real Estate Co. bought 5.25 acres at 4015 S. East St. The seller, Madison Realty Capital, was represented by Craig Ramsay of Sitehawk Retail Real Estate. The buyer represented itself.
-RH of Indiana LP bought 41 acres at 5575 N. County Road 600 East, Brownsburg. The buyer was represented by Bo Leffel of Cassidy Turley. The sellers, Terry L. and Ramona G. Henderson, were represented by David Horth of Quest Commercial Real Estate.
-Grace Community Church of Hamilton County Inc. bought six parcels totaling 24.71 acres at the southwest corner of 126th Street and Olio Road in Fishers. The buyer was represented by Darrin Boyd and David Moore of Cassidy Turley and Jeffrey Luebker of CBRE. The six sellers were all represented by Bo Leffel of Cassidy Turley.
Correction
CISolutions leased 20,307 square feet of industrial space at 3169 N. Shadeland Ave. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, First Highland, was represented by Todd Vannatta of Cassidy Turley. The landlord was misidentified in last week's Real Estate Weekly.
Metal-processing firm to renovate factory, hire 105
Delaco Kasle Processing Indiana, a joint venture between metal-processing firms, plans to locate its operations in Jeffersonville, creating up to 105 jobs by 2017.
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
U.S. economy shrinks for first time since 2011
U.S. gross domestic product contracted at an annual rate of 1 percent in the first quarter, the Commerce Department said Thursday.
Push grows for Shinseki to go as veteran care flaws found
A report found the VA’s Eastern Area Fiduciary Hub in Indianapolis was “not timely processing allegations of misuse of beneficiary funds, conducting field examinations, and processing some incoming mail.”
Jack Everly re-ups with Indianapolis Symphony
The Indiana native will stay with the IS0 through 2023. He took over as principal pops conductor in 2002.
Former Colt, Bear take tax lawsuit to Ohio’s top court
Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an “egregious and shameless money grab.”
Library begins plans to pull branch out of Glendale mall
The library’s lease at Glendale Mall doesn’t expire until 2022, but officials are beginning to explore building a branch elsewhere in the area to give it more exposure and accessibility.
Local 3D firm develops printer-based curriculum
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
UPDATE: Manufacturer plans $110M expansion, 329 jobs
Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries, will receive local and state tax breaks in return for job commitments.
Pence’s HIP 2.0 plan gets kudos at first public hearing
Health care professionals and advocates for the poor voiced praise and support Wednesday for a plan by Gov. Mike Pence to expand the state’s Healthy Indiana Plan to provide more insurance coverage to Hoosiers.