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VAUGHN: Fixing a rigged game requires neutral referees

February 11, 2014

Allowing legislators to draw their own districts is like the NBA allowing the home team to hire its own officials; it would be an obvious conflict of interest that would discredit the process and lead to unfair play. That’s why redistricting reform tops Common Cause Indiana’s legislative agenda and why I’m pleased that the House took action early this session by passing House Bill 1032.<

STYRING: Stereotypes aside, business taxes really do matter

February 11, 2014

Gov. Mike Pence has proposed eliminating property taxes on business machinery and equipment. How exactly that is to be done, and over what time frame, he has left to the wisdom of the General Assembly.

CARPENTER: The governor finesses controversial issues

February 11, 2014

To the Matador, we don’t matter. All he has heard so far when he bows ever so deep toward the grandstand is, “Olé!”•

Yellen to investors: Expect continuity at the Fed

February 11, 2014

Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will support the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.

Smith shuns retirement for stint as Chase Indiana chair

February 11, 2014

Local banking veteran and community leader Albert J. Smith Jr. is eight years older than his predecessor, who retired in January.

HHGregg COO Throgmartin leaving company

February 11, 2014

Gregg W. Throgmartin is stepping down, a move that will leave the retailer without executive leadership from a member of its founding family for the first time since the first store opened in 1955.

Ivy Tech merges two more regions in cost-cutting move

February 11, 2014

Ivy Tech Community College has merged its Bloomington and Southwest regions in its fourth such consolidation in 10 months in an effort to close a $68 million deficit.

Update: Black Acre wins approval to expand brewing

February 11, 2014

The Irvington brewpub has received a zoning variance that allows the business to increase brewing capacity. Black Acre’s beer soon could become available in other bars and restaurants.

Twitter sued over James Dean-linked accounts

February 11, 2014

James Dean Inc., represented by Indianapolis-based CMG Worldwide, wants Twitter to shut down an unofficial account with more than 8,000 followers.

Construction

February 11, 2014

-Kort Builders has completed a 2,500-square-foot restaurant addition to the Ale Emporium at 8617 Allisonville Road.
    
-Kort Builders has completed a 13,000-square-foot build-out for Goody’s at 1818 State Road 44, Shelbyville.

Residential

February 11, 2014

The average rate for 30-year mortgages fell from 4.50 percent to 4.43 percent for the week ended Feb. 6, according to Bankrate.com. The rate for 15-year mortgages fell from 3.56 percent to 3.50 percent.

Leases/leasing contracts

February 11, 2014

-Arrow Container LLC leased 37,380 square feet of industrial space at 7535 Company Drive. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.

-Earth Fare Inc. leased 25,868 square feet of retail space at The Shoppes at County Line, 2110 E County Line Road. The tenant was represented by Christian Conville of Earth Fare Inc. The landlord, Gateway Arthur Inc., was represented by Beth Patterson and Greg Smith of Colliers International.

-Planet Fitness leased 12,690 square feet of retail space in Shadeland Station, 7451 N. Shadeland Ave. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, ZCOF TL Shadeland LLC, represented itself.

-Williams LTC Pharmacy LLC leased 8,068 square feet of office space at 11900 Exit Five Parkway, Fishers. The tenant was represented by Michael R Semler of Cassidy Turley. The landlord, Sunbeam Development Corp., was represented by Paul Dick and Kevin Dick of Colliers International.

-Metal Man LLC leased 5,756 square feet of industrial space in Post/33rd Business Park, 3250 N. Post Road. The tenant was represented by Stan Elser of Lee & Associates. The landlord, FII-MC4-IND-01 LLC, was represented by Bryan Poynter of Cassidy Turley.

-Spot King LLC leased 4,792 square feet of industrial space at 3919 Clarks Creek Road, Plainfield. The landlord, Boo Rob LLC, was represented by Michael Weishaar of Cassidy Turley. The tenant represented itself.

-Heartland Dental Care leased 3,147 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-CSC Covansys Corp. renewed its lease for 3,080 square feet at 1499 Windhorst Way, Greenwood. The tenant was represented by Jimmy Clark of Jones Lang LaSalle. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Step by Step Pediatrics renewed its lease for 2,790 square feet of office space in Methodist Medical Plaza I at Eagle Highlands, 6920 Parkdale Place. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates.  The landlord, HTA–Medical Portfolio 3 LLC, was represented by Julia Schnepper of Healthcare Trust of America.

-Bento Box Cafe leased 2,500 square feet at Delaware Commons, 9778 E 116th St., Fishers. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Integrated Health Solutions Inc. leased 2,454 square feet of industrial space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors (North America) Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.

-Acoustic Imaging Solutions LLC leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

Sales/acquisitions

February 11, 2014

-Huntington National Bank bought one acre at 6705 S. State Road 334, Zionsville. The buyer was represented by Scot Courtney and Bart Jackson of Lee & Associates. The seller, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.

-Guru Kirpa Real Estate LLC bought a 7,532-square-foot retail property at 666 E. 22nd St. The seller, The Calvary Temple Assembly of God Inc., was represented by Bill French of Cassidy Turley. The buyer represented itself.

-Redwood Acquisition LLC bought 26.26 acres at Anson in Zionsville/Whitestown. The buyer was represented by Bill Flanary of Cassidy Turley. The seller, Duke Realty Corp., was represented by Bo Leffel of Cassidy Turley.
 

Local developer Keystone buys north-side office park

February 11, 2014

An affiliate of Keystone Realty Group has bought Waterplace Office Park on North Meridian Street and plans to make a major investment in the property in hopes of improving occupancy.

Another delay in health law’s employer requirement

February 11, 2014

The Obama administration Monday granted employers another delay in a heavily criticized requirement that medium-to-larger firms cover their workers or face fines.

Manufacturer plans expansions at two Indiana plants

February 11, 2014

Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.

Plan to cut business-equipment tax draws debate

February 11, 2014

Indiana House lawmakers took up a Senate proposal to cut business taxes on Monday, as fiscal leaders continued working behind the scenes to craft a compromise package of cuts this legislative session.

Westfield weighing rules of the road for food trucks

February 11, 2014

Mere months from opening day at its massive Grand Park Sports Campus, Westfield is drafting rules intended to protect nearby businesses from crowd-hungry food trucks.

Senate panel approves altered same-sex marriage ban

February 11, 2014

The Senate Rules Committee voted 8-4 Monday afternoon along party lines to advance the measure following three hours of emotional testimony from supporters and opponents.

Church scam investors may be repaid by end of 2014

February 10, 2014

Receiver Michael Rusnak said he hopes to finish repaying investors who lost money in the Alanar scam by the end of the year.

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