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Roundup: Tasty plans for Carmel’s Main Street, plus doughnuts and more

April 9, 2014

A vacant Main Street storefront in Carmel’s Arts & Design District is set to be transformed into the tasting room for Napa Valley winery with local ties. Plus: local Thai and doughnuts, and chains galore.

Anderson businessman pays $7.9M for prime farmland

April 9, 2014

More than 800 acres of prime farmland in Delaware and Madison counties sold during open bidding on Tuesday for $7.9 million.

Attorney sues hundreds over use of Indy skyline photo

April 9, 2014

Attorney Richard Bell says he has found about 300 people using a photo on their websites that he took back in 2000. His aggressive litigation against them raises vital questions about fair use and theft in the Internet age.

Indiana found most transparent in study of state data access

April 9, 2014

California, the U.S. state with the largest population and budget, offers the least website access to its government spending data, according to a new study. Indiana provided the most information.

Pence renews talks over $2.1B fertilizer plant

April 9, 2014

Indiana economic development officials have renewed talks with Pakistan-connected developers who want to build a major fertilizer plant in southwestern Indiana, one year after the state withdrew its support for the project over national security concerns.

Indianapolis reaches agreement with panhandlers

April 8, 2014

Panhandlers will be able to continue begging for money in Indianapolis as long as they don't harass motorists, under an agreement reached with the ACLU.

MainSource strengthens Cincinnati foothold with acquisition

April 8, 2014

Greensburg-based MainSource Financial Group agreed Monday to pay $34 million in cash and stock for MBT Bancorp, the parent of Merchants Bank and Trust Co.

Lilly stock shows little impact from $3B court award

April 8, 2014

Eli Lilly and Co.’s stock showed little change Tuesday morning in the wake of a federal court decision that saw jurors order the company to pay a massive damage award related to its Actos diabetes medicine.

Low-profile, high-volume graphics business growing in Fortville

April 8, 2014

PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.

Construction

April 8, 2014

-TJK Property Services has completed a 3,900-square-foot interior remodel of Anytime Fitness at 10302 Prosperity Drive, Camby.

-TJK Property Services has completed a 1,400-square-foot build-out for Cell Phone Repair at 1280 N. U.S. 31 North, Greenwood.

Residential

April 8, 2014

The average rate for 30-year mortgages rose from 4.51 percent to 4.54 percent in the week ended April 3, according to Bankrate.com. The rate for 15-year mortgages rose from 3.56 percent to 3.58 percent.

Leases/leasing contracts

April 8, 2014

-Spartan Logistics leased 243,200 square feet of industrial space at Prologis Park 100 Building 22, 5645 W. 82nd St. The tenant was represented by Dallas Paul of Industrial Developers Ltd. The landlord, Prologis, was represented by Brian Seitz and Jake Sturman of JLL.

-Dollar Tree leased 10,200 square feet of retail space in Walmart Plaza, 2239 N. Morton St., Franklin. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Fifth Third Bank renewed its lease for 3,200 square feet of retail space in Eagledale Plaza, 2802 N. Lafayette Road. The landlord, Sandor Development, was represented by Lloyd Otani of Sandor. The tenant represented itself.

-Avalon Group renewed its lease for 2,768 square feet at The Precedent Office Park, 9225 Priority Way West Drive. The landlord, Pace-Keystone Associates LLC, was represented by Kim Hartman and Tom Osborne of Colliers International. The tenant represented itself.

-LPL Financial LLC leased 2,489 square feet of office space at 8465 Keystone Crossing. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Corporate Park Development Inc., represented itself.

-Indiana State University Foundation Inc. leased 2,477 square feet of office space at 101 W. Ohio St. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, West Ohio II LLC, was represented by Renae Breitbach of Amerimar.

-Sally Beauty renewed its lease for 2,000 square feet of retail space in Cherry Tree Plaza, 9709 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Wingstop Indy LLC leased 1,709 square feet of retail space at 7411 N. Keystone Ave. The tenant was represented by Beth Patterson of Colliers International. The landlord, Heidner Property Management Co. Inc., represented itself.

-Sally Beauty renewed its lease for 1,605 square feet of retail space in College Park Plaza, 3443 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-York Risk Services Group Inc. leased 1,550 square feet in Fidelity Keystone Office Tower, 650 E. Carmel Drive, Carmel. The tenant was represented by Mohr Partners. The landlord, Network Capitol LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.

-Indy C's LLC leased 1,530 square feet of retail space at 10777 E. Washington St. The tenant was represented by Seth Biggerstaff of Veritas Realty LLC. The landlord, Indiana Properties Group LLC, was represented by Jacque Haynes of Cassidy Turley.

-Gamestop renewed its lease for 1,500 square feet of retail space in College Park Plaza, 3269 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Watson CPA LLC leased 1,076 square feet at Fidelity Keystone Office Tower, 650 E. Carmel Drive, Carmel. The landlord, Network Capitol LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar. The tenant represented itself.

-Troutman's Barber & Beauty Salon leased 1,037 square feet of retail space at Lafayette Center, 4233 Lafayette Road. The tenant was represented by Lisa Ruscetti of Evolution Development Group LLC. The landlord, Lafayette Center LLC, was represented by Greg Smith and Bill Marsh of Colliers International.

Sales/acquisitions

April 8, 2014

-Ossip Real Estate bought a 41,121-square-foot office building at Crosspoint IV, 9795 Crosspoint Blvd. The buyer was represented by Jacque Haynes and Bennett Williams of Cassidy Turley. The seller, OldOhio LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley.

-Youngsmith Properties LLC bought a 12,000-square-foot office property at 5455 Harrison Park Lane. The buyer was represented by Mike Kensill of Lee & Associates. The seller, Ossip Real Estate LLC, was represented by Jacque Haynes and Bennett Williams of Cassidy Turley.

-Garners Towing bought a 2,400-square-foot office building at 411 S. Ritter Ave. The buyer was represented by RE/MAX Real Estate Group. The seller, Alpha Kappa, was represented by Keith Turnbill of RE/MAX Select Commercial Division.

-EMK Property Investors bought the 209-unite Villa Paree apartments at 6111 Allisonville Road. The seller, Villa Paree LLC, was represented by Tikijian Associates. The buyer represented itself.

Approval for $22M sports complex sought in Greenwood

April 8, 2014

The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela’s.

Revamped hotel key to Muncie revitalization efforts

April 8, 2014

The 91-year-old Roberts Hotel building has undergone a $17 million renovation that created the 83-unit Lofts at Roberts development. The project was crucial to the city’s ability to attract a new downtown hotel.

Ex-owner of troubled dental clinic pleads guilty to tax evasion

April 8, 2014

The former owner of a central Indiana dental clinic being investigated for Medicaid fraud has been sentenced to two years in federal prison for not paying more than $850,000 in taxes.

Micro-distillery opening in Fletcher Place neighborhood

April 8, 2014

Led by former U.S. Marine Travis Barnes, Hotel Tango Whiskey at 702 Virginia Ave. will be unusual for a couple of reasons, including its deal for state economic development incentives.

Lilly ordered to pay $3 billion in Actos damages

April 8, 2014

Takeda Pharmaceutical Co. and Eli Lilly and Co. were ordered to pay a combined $9 billion after a federal court jury found they hid the cancer risks of their Actos diabetes medicine in the first U.S. trial of its kind.

Bennett campaign ethics hearing further delayed

April 8, 2014

Former Indiana Schools Superintendent Tony Bennett's hearing over charges that he violated state ethics laws was moved Monday to August as defense attorneys review thousands of pages of evidence turned over by the state inspector general.

Purchase of Capitol Clutch building continues area’s resurgence

April 7, 2014

CrossFit NapTown bought the building at 922 N. Capitol Ave. and plans to expand its strength and fitness program in an area of downtown that’s enjoying a rebirth.

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