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Lender to buy training firm Adayana in bankruptcy case

December 13, 2013

Indianapolis-based Adayana Inc. received permission this week from U.S. Bankruptcy Court in Indianapolis to sell the business to a secured lender in exchange for millions of dollars in debt.

Simon to spin off smaller properties into new public company

December 13, 2013

The as-yet-unnamed new company will have a separate management team. The company initially will own 54 strip centers and 44 malls.

Construction

December 12, 2013

-Larry Dunkerly, Masterpiece Homes, has started construction of a 3,500-square-foot periodontic facility for Dr. Daniel Gomes at 8235 Country Village Drive.

-Capitol Construction has completed an 8,500-square-foot retail building at 1250 E. 86th St.

-Capitol Construction has completed an 1,800-square-foot retail build-out for Starbucks at 1250 E. 86th St.

-Capitol Construction has completed a 3,600-square foot-office build-out for Woodley Farra Manion Portolio Management at 8555 River Road.

People

December 12, 2013

Jim Karozos has joined the industrial group of Colliers International's Indiana region as vice president of industrial services.

Residential

December 12, 2013

The average rate for 30-year mortgages was unchanged at 4.55 percent in the week ended Dec. 11, according to Bankrate.com. The rate for 15-year mortgages fell from 3.62 percent to 3.6 percent.

Logistics call center plans to hire 40 veterans

December 12, 2013

Flagship Logistics Group has begun hiring for a customer support center it opened downtown this month, in a historic building at 429 N. Pennsylvania St.

Leases/leasing contracts

December 12, 2013

-StreetLinks LLC leased 25,171 square feet at 451 E. Market St. The tenant was represented by Yumi Goodman and Sam Smith of Colliers International and Jeff Mulder of Holly Duran Real Estate Partners. The landlord, MS Operations Center Partners LLC, was represented by Mark Vollbrecht of Zeller Realty Group.

-Accelerated Inc. leased 16,824 square feet of industrial space in AmeriPlex at 5777 Decatur Blvd. The tenant was represented by Stan Elser of Lee & Associates. The landlord, McCarran Logistics Partners LP, was represented by Matt Dickerson of Jones Lang LaSalle.

-L.D. Lee Construction LLC leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.

-CID Capital II Inc. leased 4,000 square feet of office space at 201 W. 103rd St., Carmel. The tenant was represented by Michael R. Semler of Cassidy Turley. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.

-Lewis & Wilkins LLP leased 3,867 square feet at 410 S. College Ave., Suite 100. The tenant was represented by Bryan Augustin of Alliance Commercial Group.  The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of Indy Squared Commercial Properties.  

-AM Facility Services Inc. leased 3,632 square feet at 6886 Hillsdale Court. The tenant, AM Facility Services Inc., was represented by Cam Kucic of Summit Realty Group. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk of Jones Lange LaSalle.

-Children’s Bureau Inc. leased 3,546 square feet at 1503 N. Mitthoeffer Road, Suite 100. The tenant was represented by Brooke Sipe of Alliance Commercial Group. The landlord, Mitthoeffer Associates, was represented by Brad King of RE/MAX Commercial.

-ST Logic leased 3,040 square feet at 9449 Priority Point Way, West Drive, Suite 110. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, PP Indianapolis IV Project Corp., was represented by Tim Hull and Rick Trimpe of CRBE.

-Associated Reporting leased 2,435 square feet of office space at 251 E. Ohio St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Hertz Investment Group LLC, was represented by Crystal Houston of CBRE.

-Cajun & Creole leased 2,366 square feet at North Willow Mall, 2274 W. 86th St.  The tenant was represented by Hamada Ibrahim of RP Lux Co. The landlord, Township 86 Development Co., was represented by Keith Fried of Sitehawk Retail Real Estate.

-T-Mobile leased 2,298 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Michele’s Boutique renewed its lease for 2,000 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.

-Cochran Agencies LLC leased 1,903 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
 
-Tubes Inc. leased 1,018 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Peace & Harmony Hair Salon leased 810 square feet at Meridian Meadows, 3029 Meridian Meadows, Greenwood. The Landlord, TCP Greenwood LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

Sales/acquisitions

December 12, 2013

-Equity Wealth Realty bought the 43,825-square-foot 4000 Georgetown Road Shopping Center. The seller, 4000 Georgetown Realty Co. LLP, was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The buyer represented itself.   

-OB by Design LLC bought one acre of land at 11630 N Michigan Road, Carmel. The buyer and seller, Fifth Third Bank, were represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North.

Commercial blitz may follow Westfield’s housing boom

December 12, 2013

Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.

Carmel-born Yowza!! app acquired by Arizona company

December 12, 2013

Yowza!!, a coupon phone app co-founded by a Carmel software developer, will be acquired by Arizona mobile commerce company Spindle Inc.

Tesla car dealership debuts at Fashion Mall

December 12, 2013

The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.

DINING: One lunch in Bangkok (OK, two)

December 12, 2013

Reviewing Bangkok Restaurant and Jazz Bar. Third in a month-long series of new-in-2013 restaurants that we hadn’t previously covered.

Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm

December 12, 2013

Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.

Renowned architects creating unique park at Eskenazi Hospital

December 12, 2013

Eskenazi Health leadership’s desire to connect the diversity of its hospital’s population through a healing park drew in a landscape architect firm that is not only one of the top in the country, but also one of the hottest architecture firms in the world.

LOU’S VIEWS: Holiday Xtremes via ISO and NoExit

December 12, 2013

Holiday offerings range from the pious to the perverse. A review, of sorts, of “Yuletide Celebration” with Sandi Patty and a twisted “Nutcracker”

Community Health CFO makes sudden exit

December 12, 2013

Tom Fischer, the chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills.

Holiday Wish List

December 12, 2013

The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most. It is being published weekly through Dec. 23.

Records – Dec. 16, 2013

December 12, 2013

Records listings from the Dec. 16, 2013, issue of IBJ.

Union Station gets new scrutiny after spate of repairs

December 12, 2013

Seeing small repair projects pile up at the city’s iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.

ALTOM: Obamacare not only spectacular tech failure of 2013

December 12, 2013

This year, as usual, there were plenty of memorable, human-inspired technology horrors.

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