Moody’s: Established gambling markets faltering
The credit rating agency issued a report describing a shift in casino tax revenue away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.
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The credit rating agency issued a report describing a shift in casino tax revenue away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
-Kort Builders has completed a 3,200-square-foot build-out for Maxwell Leasing Office at 530 E. Ohio St.
-Kort Builders has completed a 3,500-square-foot build-out for First Financial Bank at 1180 W. 86th St.
The average rate for 30-year mortgages fell to 4.66 percent from 4.71 percent in the week ended Sept. 18, according to Bankrate.com. The rate for 15-year mortgages fell from 3.75 percent to 3.70 percent.
Colliers International has added four people to its Investment & Multifamily Services team. Michael Wernke joined as senior vice president, Cory Detamore and Evan Bryant joined as associates, and Maria Stein was added as marketing coordinator.
-Jones Lang LaSalle has been named leasing agent for the 110,600-square-foot Chamber of Commerce Building, 320 N. Meridian St. Kevin Gillihan and James Clark of JLL are the leasing representatives.
-Ollie’s Bargain Outlet leased 30,000 square feet of retail space in River Ridge Plaza, 1634-A Scatterfield Road, Anderson. The tenant was represented by Bobby Traynham of Rhino Realty Group. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.
-Amarr Co. leased 14,400 square feet of industrial space at 7768 Zionsville Road. The tenant was represented by Michael Weishaar of Cassidy Turley and John Ruffin of Meridian Realty Group. The landlord, Zionsville Indy LLC, was represented by Michael Napariu of REI Investments.
-Architectural Supplements LLC leased 11,555 square feet of industrial space at 7301 Georgetown Road. The tenant was represented by Joe Boarini of Quest Commercial Real Estate LLC. The landlord, Source Interlink Companies, was represented by Grant Lindley of Cassidy Turley.
-Comic Book University leased 4,800 square feet at Greenwood Place, 7623 S. Shelby St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.
-Body Mind and Core leased 4,053 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-McFarling Foods leased 4,000 square feet of industrial space at 1234-1246 N. Capitol Ave. The landlord, 1234 N. Capitol LLC, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Mattress Firm Inc. leased 3,500 square feet of retail space in the Shoppes at Smith Valley, 791 State Road 135, Greenwood. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, 791 SR 135 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Shorty's Pub and Eatery leased 2,800 square feet at Washington Corner, 9976-9978 E. Washington St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.
-School on Wheels leased 2,369 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-Art’s Skillet leased 2,326 square feet of retail space in Esquire Plaza, 8255 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Koko Fit Club leased 2,042 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Beth Patterson of Colliers International. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Springleaf Financial leased 1,906 square feet of retail space in Cherry Tree Plaza, 9725 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Westlake Shoppes IN LLC bought Westlake Shoppes, a 8,250-square-foot retail center at 835 Beachway Drive. The seller, 835 Beachway Drive LLC, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.
-North Hill Realty Group bought the 9,068-square-foot former Lotus Garden Restaurant building at 1045 N. Rangeline Road, Carmel. The buyer was represented by Drew Pattyn of Northern Commercial. The landlord, Lotus Investment Co., was represented by Steve Delaney and Craig Ramsay of Sitehawk Retail Real Estate.
-Atlanta-based Radco Cos. bought the 454-unit Lakewood Lodge Apartments at 65th Street and Keystone Avenue. The buyer, which has renamed the complex Ashford at Keystone, and seller, an affiliate of New York-based Lehman Brothers Holdings, were represented by Tikijian Associates.
Six vehicles were involved in a crash Friday just after 7 a.m. in the southbound lanes of Interstate 69 near 82nd Street, slowing the commute into Indianapolis from the north side. No one was injured, but crews had trouble removing two of the cars because they were wedged together.
Indianapolis police officials say Friday morning’s shooting death of officer Rod Bradway was an “ambush.” Bradway, 41, a five-year veteran of the force, was killed during a gun battle with 24-year-old Steven Byrdo, who had been holding his ex-girlfriend hostage at the Eagle Pointe Apartments. Byrdo was hiding behind a door when Bradway entered the apartment about 2 a.m. and fired a shot into his side when the officer went to help the woman. Byrdo, a former felon with drug and gun convictions, was killed in the subsequent shootout with Bradway and other officers. The homicide marked the fourth time in 10 years that an Indianapolis officer has been gunned down in the line of duty.
The GOP-controlled House voted Friday to cripple President Barack Obama's health care law as part of a risky ploy that threatens a government shutdown in a week and a half.
A GE Appliances spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
A group of Anderson business and civic leaders is focusing on ways to change perceptions of those traveling into the city by improving interstate entrances.
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. A Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.
A federal judge rejected the shareholder’s motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
New requirements could have a major impact in Indiana, which gets more than 90 percent of its electricity from coal plants and ranks sixth in the nation in coal production.
Indiana aviators are still celebrating two tax breaks created in the 2013 legislative session, one eliminating a sales tax on parts and repairs and a restructuring of the fuel tax that translates to hundreds in savings per fill-up.
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.
Nuvo’s long-time managing editor, Jim Poyser, is heading for a new job and will be replaced by former WIBC-FM 93.1 radio personality and author Ed Wenck.