Developer closing in on Ironworks anchor tenant
Hendricks Commercial Properties is set to break ground on the $30 million mixed-use development on the southwest corner of 86th Street and Keystone Avenue on Wednesday.
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Revenue forecast could swing Pence’s tax-cut hopes
The state revenue forecast due out April 16 will influence the next two-year budget and possibly help Gov. Mike Pence sell lawmakers on his proposed 10-percent income-tax cut. Experts predict the numbers won’t be much different from those in the last forecast.
2 agency heads already leaving Pence administration
The heads of the Department of Natural Resources and the Department of Administration have asked the Indiana Ethics Commission for formal opinions on whether they can accept positions in higher education.
Group, bill promote natural gas fueling stations
Natural gas advocates want to create incentives for building fueling stations across the state in hopes that more people will operate vehicles using alternative fuels.
Republic unit Frontier bringing air service back to Delaware
Frontier's decision means an end to a five-year stretch in which Delaware had no commercial air service, following the abrupt shutdown and bankruptcy filing by startup carrier Skybus Airlines in 2008.
IEDC deal with Mainstreet put on hold by Pence
Gov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic incentives to a company started by a top Republican lawmaker and his son.
City’s pianist competition makes key changes
This year’s event includes more promotion, more prize money—and an art installation of pianos on Monument Circle.
Construction
Capitol Construction has completed a 6,000-square-foot service bay expansion for Ed Martin Buick GMC at 9896 N. Michigan Road, Carmel.
Residential
The average rate for 30-year mortgages fell from 3.75 percent to 3.73 for the week ended April 3, according to Bankrate.com. The rate for 15-year mortgages fell from 2.97 percent to 2.95 percent.
Leases/leasing contracts
-Bidpal Inc. leased 17,901 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, CIII Asset Management LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-MCL Restaurant & Bakery leased 4,918 square feet of retail space at 2113-2123 E. 62nd St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.
-Salon Lofts leased 4,657 square feet at Cool Creek Village, 2750 E. 146th St., Carmel. The tenant was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.
-BioCrossroads extended its lease for 4,620 square feet of office space at 300 N. Meridian St. The landlord, University Park Associates, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
-Century Link leased 3,998 square feet of space at Haverstick, 8250 Haverstick Road. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Citimark, was represented by Brian Fitzgerald of Citimark.
-Dennis Frazee DDS leased 3,200 square feet at 100 Town Center Drive South, Mooresville. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mooresville Medical LLC, was represented by Alex Cantu of Summit Realty Group.
-Mattress World leased 3,200 square feet at Emerson Commons, 6815 S. Emerson Way. The tenant was represented by Kyle Hughes and Jamison Downs of Veritas Realty LLC. The landlord, Emerson Commons, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-Indiana Academy of Family Physicians Inc. leased 3,010 square feet at Circle Tower, 55 Monument Circle. The tenant was represented by Tyson Chastain of Cornerstone Companies Inc. The landlord, Ambrose Circle Tower LLC, was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Orange Leaf Yogurt leased 1,649 square feet of retail space at 5220 E. Southport Road. The tenant was represented by Beth Patterson of Colliers International. The landlord, Indiana Properties Group LLC, was represented by Jacque Haynes of Cassidy Turley.
-A Nail Salon leased 1,614 square feet at Olio Pavilion, 11630 Olio Road, Fishers. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Capitol Assets LLC leased 1,521 square feet at 150 W. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Wellness Center leased 1,200 square feet at Crooked Creek, 7872 N. Michigan Road. The landlord, Michigan Realty LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Dr. Gregory Hale leased 1,150 square feet at Green on Meridian, 10291 N. Meridian St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Gibraltar, was represented by Jimmy Clark of Jones Lang Lasalle.
Sales/acquisitions
-Moorehead Communications Inc. bought a 47,335-square-foot building on six acres at 525 Congressional Blvd., Carmel. The buyer was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The seller, HLM Properties, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Citizens Energy Group bought 4 acres at 4434 W. 86th St. The sellers, Robert and Larry Cool, were represented by Ross Reller of Colliers International. The buyer represented itself.
-Promise Ventures LLC bought a 2,100-square-foot office suite at 12574 Promise Creek Lane, Suite 118, Fishers. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.
Employers expect little health reform impact until next year
The full rollout of Obamacare on Jan. 1 will force some employers to make key decisions this year, but many area experts think 2013 will be anticlimactic, as most employers hold steady to watch the law’s changes play out in 2014.
Indianapolis Colts, city reach deal on new luxury suites
Up to $2 million of the costs for the suites project and other improvements will be paid by the Capital Improvement Board, the city agency which owns and operates Lucas Oil Stadium.
Missing woman found safe
A 24-year-old Indianapolis woman who was reported missing Saturday morning has been found and is safe, police said Monday morning. Nakiesha Robinson was found in the 3300 block of Heather Ridge Drive, near interstates 74 and 465, and taken to a hospital to be evaluated. She is expected to be released later in the day. Police have been searching for Robinson since she disappeared from her aunt’s house in the 1200 block of South Manhattan Avenue, near Indianapolis International Airport.
Woman saves neighbor from fire
Firefighters say an Indianapolis woman saved her elderly neighbor's life during a house fire early Sunday morning on the southeast side. Michelle Hargraves, 44, unsuccessfully tried to alert 70-year-old Lois Sprinkle that her Beech Grove home was on fire by pounding on the door. She eventually broke open a window, climbed into the home and awoke Sprinkle. The fire, which started about 1:30 a.m., caused an estimated $70,000 in damages.
Clinic, wellness pay off for OneAmerica
Even as employers embrace workplace wellness and on-site clinics more than ever, there is still a healthy bit of skepticism about whether they actually pay off. But OneAmerica Financial Partners Inc. credits its clinic and wellness program for the lion’s share of a 15-percent reduction in its per-employee costs for health care.
Garbage truck accident kills worker
Indianapolis police say a Department of Public Works employee died Monday morning after an accident involving a garbage truck near 35th and Bancroft streets, a block from Emerson Avenue. The unidentified victim was trapped between a tree and the truck just after 10 a.m. He died en route to the hospital.
Tyco: No proof Lilly thieves used security report
Lawyers for a security company being sued in the theft of $60 million worth of pharmaceuticals from an Eli Lilly and Co. warehouse in Connecticut say there's no proof the thieves used a report it prepared about security weaknesses in the building.
DeVoe gift helps Indiana Wesleyan create business school
The $5 million donation from the family of late Indianapolis businessman James F. DeVoe will help found a new school of business on the university’s Marion campus.
People
Keith Lauter has been appointed chief financial officer of the Franciscan St. Francis Health hospital system. He succeeds Jay Brehm, who was appointed senior vice president of strategic planning and business development for Franciscan Alliance, the parent of Franciscan St. Francis, which is based in Mishawaka. Since 2004, Lauter has served as the CFO of Franciscan St. Elizabeth hospitals in Lafayette and Crawfordsville. Lauter holds a bachelor's in accounting from Ball State University and an MBA from Indiana Wesleyan University.
Dr. John Edwards has joined Indiana Blood and Marrow Transplantation at Franciscan St. Francis Health in Indianapolis. The group of four doctors cares for patients undergoing stem cell transplants and patients with blood cancers. Edwards previously worked as medical director at CTI Clinical Trial and Consulting Services in Cincinnati. Before that, he served stints as president of Lifeforce Cryobanks, a Florida-based cord blood bank, and as medical director of the Florida Hospital Cancer Institute Blood and Marrow Transplant Program. Edwards earned his medical degree from the University of Florida.