An alternate plan to repair streets
Mayor Ballard is criss-crossing Indy promoting Rebuild Indy 2.0 to make street, road, curb and sidewalk improvements. I agree; we need to make critical investment in our infrastructure. And quickly.
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LANNAN: Cash could swing sprawling Fishers mayor’s race
A large amount of money is pouring into the Republican primary election for the mayor of Fishers. Don’t be swayed by the amount of money a campaign has raised.
IEDC urging government bets on spec-building
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
Growth in Hoosier wages lagging inflation
Pay raises were a pipe dream for many Hoosiers last year—as the median wage in Indiana inched up 0.8 percent, to $31,990, according to federal data released this month.
RUSTHOVEN: Glad Kentucky went down in the finals
In sports, I typically root for my team to win, not for another team to lose. Exceptions are the New England Patriots (Colts loyalists need no explanation) and the New York Yankees, justly despised by all us Boston Red Sox fans and other real Americans.
Kim: Human nature stands in way of earning robust returns
‘Behavior gap’ is the difference between what an average investment returns and what the average investor actually earns, because he or she can’t leave investments alone long enough for them to prosper.
EDITORIAL: Bike-share cements cycling legacy
Mayor Greg Ballard has accomplished plenty during his seven years in office, but his most enduring legacy may be in building a bicycle-friendly Indianapolis.
Hicks: Measuring the immeasurable is huge challenge
One aspect of economic research I think is especially powerful is the ability to measure or monetize the things humans clearly value but for which a market price is not necessarily apparent.
LOPRESTI: North Texas wins battles, but Indy wins Final Four war
Comparing this year’s host to next year’s reveals city’s big advantage.
Leases/leasing contracts
-Cummins Inc. renewed its lease for 17,623 square feet of office space at One American Square at Ohio and Illinois streets. The tenant was represented by Michael Cook of CBRE. The landlord, OneAmerica Financial Partners, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-David's Bridal renewed its lease for 9,690 square feet of retail space at Clearwater Springs at East 82nd Street and Allisonville Road. The tenant was represented by RCS Real Estate Advisors. The landlord, an affiliate of PK Partners, represented itself.
-Dress Barn renewed its lease for 9,000 square feet of retail space at Clearwater Springs at East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Carter's renewed its lease for 4,000 square feet of retail space at The Shops at River Crossing, 8637 River Crossing Blvd. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Wasabi renewed its lease for 3,500 square feet of retail space at Clearwater Springs at East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Verizon Wireless renewed its lease for 3,200 square feet of retail space at Nora Shops, 1340 E. 86th St. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Wildwood Exteriors LLC leased 2,700 square feet of industrial space at 5333-5367 W. 86th St. The tenant was represented by Brian Buschuk of JLL. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.
-KCI Technologies Inc. leased 2,183 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Chris Black of CBRE. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.
-Ocean Vapor leased 1,890 square feet at Plainfield Plaza, 1720 E. Main St., Plainfield. The landlord, Vivian Haase Plaza LLC, was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Pleasant Paws Vet Care leased 1,800 square feet at Lebanon Crossing, 1370 S. Lebanon St., Lebanon. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Hull & Associates leased 1,523 square feet of office space at 8445 Keystone Crossing. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Northside Realty Partnership LLP, was represented by Kevin Dick and Paul Dick of Colliers International.
-Lewark Newton & Powers leased 1,319 square feet of office space in Library Park Professional Centre, 1700 W. Smith Valley Road, Greenwood. The tenant and landlord, Deegan Properties 107E LLC, were represented by Cathy Richards and Teresa Clements of Lee & Associates.
-Tropical Foods N More Inc. leased 1,200 square feet of retail space at Crooked Creek Shoppes, 7940 N. Michigan Road. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
Construction
-Capitol Construction has completed a 1,300-square-foot office build-out for The Joint at 1412 S. Rangeline Road, Carmel.
-Capitol Construction has completed a 2,000-square-foot office build-out for Steffey Insurance at 8365 Keystone at the Crossing.
Residential
The average rate for 30-year mortgages fell from 4.54 percent to 4.47 percent in the week ended April 10, according to Bankrate.com. The rate for 15-year mortgages fell from 3.58 percent to 3.52 percent.
Sales/acquisitions
-109 Gasoline Alley LLC bought a 14,400-square-foot industrial property at 109 Gasoline Alley. The seller, Dearborn Street Holdings LLC Series 1, was represented by Michael Weishaar and Bo Leffel of Cassidy Turley. The buyer represented itself.
-Indiana Chin Baptist Church bought one acre at 8528 and 8534 Madison Ave. The buyer was represented by Nguncer R. Bualteng of Mang Tha Real Estate LLC. The seller, 8528 Madison LLC, was represented by Bo Leffel of Cassidy Turley.
PROXY CORNER: WellPoint Inc.
Indianapolis-based WellPoint Inc.provides managed care health benefit plans to employers and self-funded customers.
Five things I learned from the Medicare doctor payments
From this week’s historic data dump, I learned who the top 20 recipients of Medicare payments are in Indianapolis (hint: mostly labs, ambulances and eye surgeons). But the real takeaway is that meaningful price information about doctors is still a long way away.
UPDATE: Simon Property wins dismissal of CEO pay suit
Simon Property Group won’t have to face a lawsuit alleging it improperly barred investors from voting on an executive-pay plan that resulted in a $120 million stock award to CEO David Simon. Public documents released Thursday show Simon made about $16 million last year.
Ulta targets Greenwood for $51M distribution center, 537 jobs
Beauty products maker Ulta Inc. plans to open a fulfillment and distribution center in Greenwood that will employ as many as 537 people by 2018, the Bolingbrook, Ill.-based company announced Thursday afternoon.