Local buyout firm acquires New York shapewear maker
Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.
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Marion County assessor bracing for more tax appeals
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
Verge on verge of growing up
With more than 2,000 members attending monthly events organized by chapters in Indianapolis, Bloomington and West Lafayette, tech entrepreneurship group Verge is poised to expand, outgoing executive director Matt Hunckler says.
WellPoint beats analysts’ estimates with 4th-quarter profit surge
The Indianapolis-based health insurer earned $464 million, or $1.51 per share, in the fourth quarter, a 38-percent leap from a year ago, and topped analysts’ forecasts by 8 cents per share.
Pence spells out vision for Indiana in first big address
Gov. Mike Pence used his first State of the State address Tuesday night to lobby for a personal income tax cut, an expansion of Indiana's school voucher system and improved vocational training.
Greenwood seeks funds back from drugmaker with big plans
Greenwood-based Elona Biotechnologies Inc., which has been trying to bring a generic version of insulin to market, was declared in default on $8.4 million in incentives from the city of Greenwood.
Ball State pulls sponsorship of 7 charter schools
Ball State University has pulled its sponsorship of seven Indiana charter schools plagued by long-running academic woes, including one in Indianapolis.
Fire chases five from home
An Indianapolis family of five was displaced Tuesday morning after a fire ripped through their southwest-side home. Firefighters arrived on the scene in the 1400 block of Kappes Street about 7 a.m. and found heavy fire and thick black smoke. The homeowners told firefighters they left all four stovetop burners on high in order to help heat the home during a morning when outside temperatures were in the low single digits. The fire broke out about 10 minutes later, they said.
Power failure hits Fishers
A faulty electrical conductor near 116th Street and Allisonville Road left more than 1,600 Duke Energy Corp. customers in Fishers without power overnight. The outage knocked out lights at several intersections and forced a Kroger store to close. The problem was reported about 2:50 a.m. and resolved by 5 a.m.
Indy utility plans $511 million in power plant upgrades
Indianapolis Power & Light said ratepayers could expect a 2-percent to 3-percent annual increase for a “number of years,” but said he did not know how long the increases would be in effect.
New state agriculture chief to emphasize R&D
Gina Sheets said she's working on new ideas and keeping her eye on farm-related issues in the General Assembly.
Daniels starts at Purdue with fact-finding tour
Former Indiana Gov. Mitch Daniels has started his tenure as president of Purdue University with a fact-finding tour that students said impressed them with his willingness to engage them on changes he's considering for the university.
Pence address set to expand on 1st-year priorities
Indiana Gov. Mike Pence might be shying from specifics ahead of his first State of the State address, but the details of a first-year agenda that will focus on jobs training, expanded spending on private schools and an across-the-board tax cut are largely known at this point.
BioCrossroads: Life sciences a $50B industry in Indiana
The life sciences industry in Indiana employs 55,500 workers paying average wages of more than $88,500 per year, according to new figures released Tuesday by Indianapolis-based life sciences development group BioCrossroads.
Construction
-Kort Builders has completed a 3,482-square-foot retail build-out for Verizon Wireless at 10651 Rockville Road, Avon.
-Kort Builders has completed a 300-square-foot remodel of Research Kitchen space for Endangered Species Chocolate at 5846 W. 73rd St.
Sales/acquisitions
-Telamon Corp., dba Transition Resouces Corp., bought a 15,050-square-foot building at 812 W. 13th St., Anderson. The buyer was represented by Thomas Willey of Willey Commercial Real Estate. The seller, MainSource Bank, was represented by Thomas Seal of F.C. Tucker/OC Clark Realtors.
-Midwest Eye Institute bought two office buildings totaling 13,000 square feet at 5319 and 5329 S. Emerson Ave. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Bloomfield Bank, was represented by Nick Kirkendall of Ohio Properties Realty.
Residential
The average rate for 30-year mortgages fell from 3.67 percent to 3.60 percent in the week ended Jan. 16, according to Bankrate.com. The rate for 15-year mortgages fell from 2.92 percent to 2.89 percent.
Leases/leasing contracts
-Indytworr LLC leased a 240,000-square-foot industrial building at 1428 Henry St. The tenant was represented by Bill Spencer of Anfield Advisors. The landlord, Power Chord Properties LLC, was represented by Rick Suja, Janice Paine and Rob Christman of Colliers International.
-Zenith Global Logistics leased 90,400 square feet in Park 100 Building 85, 7826 Allison Ave. The tenant was represented by James Medbery of Binswanger Midwest of Indiana. The landlord, Duke Realty, was represented by Duke's Mark Hosfeld.
-LH Express LLC leased 60,800 square feet of industrial space at 5252 Decatur Blvd. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Industrial Income Trust, was represented by Luke Wessel of Cassidy Turley.
-Invisible Fence Brand/Paws and Play Dog Resort and Training Center leased 29,524 square feet of industrial space at 9001 E. 133rd St., Fishers. The tenant was represented by Jeffrey Merritt of Summit Realty Group. The landlord, EGO Enterprises, was represented by Michael Weishaar of Cassidy Turley.
-The Fresh Market leased 24,261 square feet at Delaware Commons, 11752 Cumberland Road, Fishers. The tenant was represented by Frank Swiss of Swissco Real Estate LLC. The landlord, Sunbeam Development, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Planet Fitness leased 24,202 square feet of retail space at 5206 W. 38th St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, MKIN LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Maginot Moore & Beck LLP leased 12,325 square feet at One Indiana Square at the corner of Ohio and Pennsylvania streets. The tenant was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The landlord, One Indiana Square Associates, was represented by Ralph Balber and Todd Maurer of Newmark Knight Frank Halakar Real Estate.
-Dollar Tree leased 11,700 square feet of retail space at Castleton Crossing, 5410-5540 E. 82nd St. The tenant was represented by Christian Conville of ECHO Retail. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.
-Five Below Inc. leased 9,328 square feet of retail space at Castleton Crossing, 5410-5540 E. 82nd St. The tenant was represented by Paul Gold of ECHO Retail. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.
-CrossFit Nap Town leased 5,600 square feet of retail space at 611 N. Delaware St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.
-American Rentals LLC leased 4,980 square feet at Southgate Center, 1902 E. 53rd St., Anderson. The landlord, Lor Corp., was represented by Stephen Daum and Jeff Merritt of Summit Realty Group. The tenant represented itself.
-rue21 Inc. leased 4,500 square feet of retail space at 4525 Lafayette Road. The tenant was represented by Bill French of Cassidy Turley. The landlord, Centre Properties, represented itself.
-Aveda Salon leased 3,945 square feet of retail space at 9893 N. Michigan Road, Carmel. The landlord, Casto, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Athletico of Carmel LLC leased 3,313 square feet of retail space at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Home Buy Consign LLC leased 3,200 square feet of retail space at 4000 106th Street W., Zionsville. The landlord, Sena Realty FC LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
-Professional Design Insurance Management renewed its lease for 3,025 square feet at Crosspoint VI, 9775 Crosspoint Blvd. The landlord, Young Realty Crosspoint Six, was represented by Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Texture Salon leased 3,000 square feet of retail space at 8150 Oaklandon Road. The tenant was represented by Bill French of Cassidy Turley. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley.
-YoYo Yogurt On Your Own Anson leased 2,878 square feet of retail space at 6705 S. State Road 334, Zionsville. The landlord, Duke Realty, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Revol Wireless leased 2,500 square feet at 8920 E Washington St. The tenant was represented by Courtney Carper of Equity Inc. The landlord, Irvin N. Ferverda, was represented by Craig Ramsay of Sitehawk Retail Real Estate.
-El Taquero de la 46 leased 2,400 square feet at 3089-3091 N. High School Road. The landlord, 30th & High School Company LP, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-Dickey’s Barbecue Pit leased 2,400 square feet at The Shops at Metropolis, 2575 E Main St., Plainfield. The landlord, OWMII Venture LLC, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Moore Dentistry Inc. renewed its lease for 2,261 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.
-Trillium Driver Solutions leased 1,800 square feet at 1445 Brookville Way. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, First Industrial Realty Trust Inc., represented itself.
-New Outlook Counseling Center LLC leased 1,200 square feet of office space in Library Park, 1701 Library Blvd., Greenwood. The tenant and landlord, Ennis Co. Inc., were represented by Cathy Richards of Lee & Associates.
Flock plans overhaul of Old Northside apartments
Flock Real Estate Group plans to spend more than $1 million to renovate side-by-side Old Northside apartment buildings in the firm's largest solo project to date.