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Notre Dame switching from Adidas to Under Armour

January 21, 2014

Notre Dame is ending its 17-year relationship with Adidas and switching to Under Armour Inc. with a 10-year deal it calls the biggest of its kind in the history of college athletics.

City close to maxing out $7.3M snow-removal budget

January 21, 2014

The city spent about 70 percent of its annual budget on just the first 10 days of the year. With the Department of Public Works’ Indy Snow Force scheduled to work on the latest snowfall through 11 p.m. Tuesday, the city is nearing its cap.

IMF raises outlook for global, U.S. economies

January 21, 2014

The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago.

Fort Wayne airport reports passenger growth

January 21, 2014

Airport director Scott Hinderman said the increase in passengers shows Fort Wayne's airfares are becoming more competitive with other airports in the region, such as Indianapolis.

Councilor gives panhandling proposal more time

January 21, 2014

The sponsor of a panhandling ordinance plans to pull it from City-County Council consideration for a second time Tuesday night. Councilor Jeff Miller said he’ll reintroduce it in February with easier-to-understand language.

Central Indiana hospitals limit visitors over flu

January 21, 2014

A swine flu outbreak has prompted several central Indiana hospitals to restrict visitors to protect patients, families and staff from unnecessary potential exposure.

Design of new downtown fire station to get first review

January 21, 2014

Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.

Business tax cuts take next step at Statehouse

January 21, 2014

A Senate committee voted Tuesday to eliminate Indiana’s property tax on equipment for small businesses and further cut the state's corporate income tax.

NiSource’s pipelines make it a prime takeover target

January 21, 2014

NiSource, which operates the largest natural gas distribution company and second largest electric distribution company in the state, could be acquired by a company seeking to profit from the shale-gas boom.

Construction

January 20, 2014

-Charles C. Brandt Construction has completed a 2,500-square-foot remodel of the Educated Sandwich Shop at 150 W. Market St.

-Charles C. Brandt Construction has completed a 6,000-square-foot remodel of the offices of USA Gymnastics at 132 E. Washington St.

-Charles C. Brandt Construction has completed a 8,000-square-foot remodel of the offices of USA Track & Field at 132 E. Washington St.

Residential

January 20, 2014

The average rate for 30-year mortgages fell from 4.64 percent to 4.57 percent in the week ended Jan. 16, according to Bankrate.com. The rate for 15-year mortgages fell from 3.69 percent to 3.62 percent.

Leases/leasing contracts

January 20, 2014

-Vox Lumen subleased 117,0000 square feet at 11899 Exit 5 Parkway, Fishers. The tenant was represented by Tom Ferguson and Pete Alveal of Premiere Commercial Real Estate. The sublandlord, Diamond Foods, was represented by John Hanley and Terry Busch of CBRE.

-Facilities Solutions Group leased 10,721 square feet at 9715 Kincaid Drive, Fishers. The tenant was represented by Cam Kucic and Ryan Kelly of Summit Realty Group. The landlord, Meritex Enterprises Inc., was represented by Brian Buschuk of Jones Lang LaSalle .

-Countyline Collision LLC leased 6,240 square feet of industrial space at 1515 Hancel Parkway, Mooresville. The landlord, D.A. Green LLC, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The tenant represented itself.

-Midwest Fertilizer Corp. leased 5,409 square feet of office space at 101 W. Ohio St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, West Ohio II LLC, was represented by Renae Breitbach of Amerimar.

-Blake Ruff Personal Training, DBA Crossfit Dash, leased 5,085 square feet at 3250B W. 86th St. The tenant was represented by Jack Hogan of Jones Lang LaSalle. The landlord, Zahn LLC, was represented by Matt Waterman of Pegasus Investments.

-Blake Ruff Personal Training, DBA Crossfit Castlewood, leased 4,800 square feet at 8455 Castlewood Drive. The tenant was represented by Jack Hogan of Jones Lang LaSalle. The landlord, KHK LLC, was represented by Spero Pulos of Lee & Associates.

-Wings Etc. leased 4,105 square feet at Western Plaza, 135 Sheridan Road, Noblesville. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, Western Plaza LLC, was represented by Ryan Menard of Thompson Thrift Development.

-Eagle and Fein PC leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by James Clark of Jones Lang LaSalle. The landlord, PWA Keystone Crossing LP, was represented by Mike Semler, Bennett Williams and Andrew Martin of Cassidy Turley.

-Riverside leased 3,600 square feet of industrial space at 5333-5367 W. 86th St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Mezzetta Construction Services Inc. leased 3,438 square feet of industrial space at 6911-7061 Corporate Circle. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley. The tenant represented itself.

-Dr. Diana Kozlowski DDS leased 3,329 square feet of office space at 526 State Road 32, Westfield. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Alpha Tau Enterprises LLC., was represented by Craig Kaiser of Northern Commercial.

-The Heritage Group leased 3,329 square feet at Intech Eleven, 6625 Network Way. The tenant was represented by Mike Cook of CBRE. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Jimmy John's Gourmet Sandwiches leased 1,500 square feet of retail space at 322 S. Lebanon St., Lebanon. The tenant was represented by Jeff Daniel of Valenti Real Estate Services Inc. The landlord, K&E Limited Partnership, represented itself.

-Maxx Electronic Cigarettes leased 1,410 square feet of retail space in Avon Commerce Crossing, 8185 E. US 36, Avon. The tenant and landlord, Commerce Crossing LLC, were represented by Brett Burch of Valenti Real Estate Services Inc.
 
-The Joint chiropractic clinic leased 1,326 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Universal Protection Services of America Inc. leased 1,208 square feet of office space at 201 South Capitol Ave. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, Pan Am SCE I LLC, was represented by Tom Ott of Coastal Partners.

Sales/acquisitions

January 20, 2014

-Ninety Nine 90 LLC bought 1.06 acres in Brookville Crossing, 7855 Brookville Road. The buyer was represented by Wayne O'Hara of Sitehawk Retail Real Estate. The seller, Brookville Crossing LLC, was represented by Shawn Deitch of Kaiser Land Co.

-Westridge Investments LLC bought a 38,448-square-foot, two-building office park at 6781-6845 E. U.S. 36, Avon. The buyer was represented by Tom Osborne and Kim Hartman of Colliers International. The seller, Resource Property Management LLC, as receiver, was represented by Brian F. Knapp and Janice Paine of Colliers International.

-Sunbeam Development Corp. bought a 3,500-square-foot retail building at 9598 Allisonville Road. The sellers, Russell C. Beckwith and Vivian L. Beckwith, were represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.

-Islamic School of Plainfield bought a 7,500-square-foot former day care facility at 2183 Stanley Road, Plainfield. The seller, Stanley Road Investors LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The buyer represented itself.

-Watermark Residential bought a 19-acre site on the south side of Whitestown Parkway just east of County Road 700 East in Whitestown. The seller, Diversified Property Group LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The buyer represented itself.

Indiana casino taxes falling faster than anticipated

January 20, 2014

Indiana's three casinos near Cincinnati have seen big declines since a downtown casino opened in the Ohio city last March.

Indiana among WellPoint’s weakest exchange states

January 20, 2014

Interest in the Obamacare exchanges varies widely across the 14 states in which WellPoint Inc. is selling insurance plans. Indiana is near the bottom of the pile.

Lilly Endowment awards $6.3M to Indy housing group

January 20, 2014

The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.

Trial set to start over burned Brown County music hall

January 20, 2014

A trial is set to start this week for the former manager of a central Indiana concert hall on charges he set the fire that destroyed it more than four years ago.

Postal Service, union wrangle over Staples outlets

January 20, 2014

The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.

County to rebuild fair grandstand two years after arson

January 20, 2014

Shelby County commissioners have awarded a $2.3 million contract for construction of the new grandstand to Zionsville-based RL Turner Corp.

Foes of $25M Broad Ripple project go to court

January 20, 2014

The local group wants a judge to overturn the city’s decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.

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