EDITORIAL: Solid reasons to give thanks
Those of us living in the Indianapolis area certainly have a lot to be thankful for, including these reasons:
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MORRIS: New hospital makes health top priority
Eskenazi Hospital leaves no stone unturned in its quest for a healthy environment.
Peyton Manning wears ankle brace designed by local entrepreneur
Rick Peters, founder of Carmel-based Ultra Athlete LLC—a small manufacturing firm with a reputation for state-of-the-art ankle braces—sent his latest brace to the Denver Broncos head trainer on a whim, and saw Manning wearing it three days later.
ALTOM: The data says: Driving deserves your full attention
Even talking on the phone while behind the wheel is a potentially dangerous use of your time.
ADRAGNA: Resurgent Pacers define fan phrase ‘built, not bought’
As Pacers followers know, this team, unlike Miami, was built from the ground up.
IU Health gears up to take on insurers
Indiana University Health, already the state’s largest hospital system, is now ramping up to compete against Anthem, UnitedHealthcare and other health insurers.
Apple buyout in ChaCha’s future?
Apple has applied for a patent that sounds pretty familiar to the folks at Carmel-based ChaCha Search Inc. Enough so that ChaCha founder Scott Jones has suggested that his business is well-suited for an acquisition by one of the largest companies in the world.
DMD’s Thies pushing for better design, more projects
Adam Thies, 36, arrived from the private sector in October 2012 and is beginning to put his stamp on the government agency that guides city development
Chase Indiana chairman retiring
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it bought Chicago-based Bank One in 2004.
Residential
The average rate for 30-year mortgages rose from 4.39 percent to 4.44 percent in the week ended Nov. 27, according to Bankrate.com. The rate for 15-year mortgages rose from 3.42 percent to 3.47 percent.
Construction
-Mattingly Construction has started construction of a 2,200-square-foot office build-out for The Bar Method Studio, 10425 Commerce Drive, Carmel.
-Mattingly Construction has started a 1,900-square-foot office expansion for Hazel Dell Veterinary Hospital, 13190 Hazel Dell Parkway, Carmel.
Westfield gearing up for big hospitality play
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
People
Bruce Gordon has joined Jones Lang LaSalle as senior vice president of its newly created Midwest Healthcare Brokerage team.
Skarbeck: Stocks still the best bet among investor choices
Many observers are raising warning flags that stocks are overvalued, and some even say a market bubble is forming. A review of the evidence, in our opinion, doesn’t support their alarm.
Hicks: Economic geography changed with labor
In 1940, vibrant cities had big factories, rail yards and lots of associated workers. In 2010, vibrant cities had lots of people in many occupations whose product is mostly consumed locally. This doesn’t mean there aren’t a few fantastic towns with factories, but it is the vibrant town that ultimately makes the difference.
Leases/leasing contracts
-Piper Warehouse Inc. leased 196,838 square feet at 2222 Hillside Ave. The tenant was represented by Bryan Augustin and Drew Augustin of Alliance Commercial Group. The landlord, Hillside Investors LLC, was represented by Matt Kiger of Newmark Knight Frank Halakar.
-PRN Pharmaceutical Services renewed its lease for 39,795 square feet of office and light manufacturing space at 8351 Rockville Road. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, NOVA 220 LLC, was represented by Jon Owens of Cassidy Turley.
-Caliber Funding LLC leased 10,158 square feet of office space at 10022 Lantern Road, Fishers. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Indiana Records Management, was represented by Dave Moore, Darrin Boyd and John Crisp of Cassidy Turley.
-Safety Management Group leased 6,560 square feet at 8335 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant, Safety Management Group, was represented by Matt McGrady and Matthew Waggoner of Summit Realty Group.
-Integrity Staffing Solution Inc. leased 5,504 square feet of industrial space at 6000 6488 Corporate Way. The tenant was represented by Kevin Dick of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-Pint Room leased 5,162 square feet of retail space at Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Robyn Smart of Echo Retail. The landlord, Carmel Lofts LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-The Hydaker-Wheatlake Company leased 4,200 square feet and 2.75 acres at 1333 Terminal Road. The tenant and landlord, Carlotta Newman, were represented by Brian Dell of Summit Realty Group.
-Living With Intention Inc. leased a 4,045-square-foot office building at 11979 Fishers Crossing Drive, Fishers. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Riverview Hospital, was represented by Tyson Chastain of Cornerstone Cos.
-Hoffmaster Group Inc. leased 3,134 square feet of office space at 6602 E. 75th St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Entry Point Capital LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-First Watch leased 3,036 square feet of retail space at 2902 W. 86th St. The tenant was represented by Don Williams of Cassidy Turley. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.
-MedEx Inc. leased 2,750 square feet at 5644 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Takenaka Corp. (U.S.A.) renewed its leased for 2,670 square feet at 56 South Park Blvd., Greenwood. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Conveyor LLC renewed its lease for 2,400 square feet at 1729 S. US 31, Greenwood. The landlord, First Financial Collateral Inc., was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-P. Brown & Co LLC leased 2,184 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Creighton Shook of Coldwell Banker Commercial Realty Services. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.
-World Finance leased 1,750 square feet of retail space in Parkview Plaza, 1616 N. Lebanon St, Lebanon. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Larry Nash, represented himself.
-Eagle Finance Co. leased 1,705 square feet at Yates Center, 1960 E. Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-GNC renewed its lease for 1,614 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Any Lab Test Now leased 1,200 square feet of retail space at 7818 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, NNE Associates LLC, was represented by Robyn Smart of Echo Retail.
-Buckingham Cos. leased 2.4 acres of land at 410 420 S. Main St., Zionsville. The landlord, EBO LLC, was represented by Bo Leffel of Cassidy Turley. The tenant represented itself.
RACE: Region should plan for 500,000 new neighbors
Expected population growth will work for us if we prepare and against us if we don’t.
Sales/acquisitions
-Blackstone Apartment Partners bought a 12-unit apartment building at 611 N. Meridian St., Greenwood. The buyer was represented by Scott Herider of Lee & Associates. The seller, Reverie Estates, represented itself.
-Camden & Meridew PC bought a 7,706-square-foot office condominium at 10412 Allisonville Road, Fishers. The seller, KLC Realty LLC, was represented by Greg Smith and Paul Dick of Colliers International. The buyer represented itself.
-Faeza Alloyers USA bought 11 acres at 1200 Enterprise Drive, Shelbyville. The seller, Airpark Development LLC, was represented by Brian Dell and John Demaree of Summit Realty Group. The buyer represented itself.
Meridian Plaza’s new owner plans updates
Zeller Realty Group plans to invest $4 million to update a trio of high-profile but underused office buildings along Carmel’s North Meridian Street corridor after acquiring the properties in late November. “The previous owner just ran out of money,” said Mark Vollbrecht, a senior vice president who manages Indianapolis operations for the Chicago-based real estate […]