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Anderson’s former GM plants getting second look
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
Bank of Montreal targets Midwest, Indy for growth
Bank of Montreal’s 2011 acquisition of Marshall & Ilsley Corp. is finally helping it make in-roads in the U.S. Midwest. It has identified five U.S. markets, including Indianapolis, where it aims to add new branches or make acquisitions.
Is Bird’s last act a betrayal of Herb Simon?
If it's true that Larry Bird is leaving the Indiana Pacers, it's easier to figure out why he might be exiting than the way he's slamming the door on his bosses.
Google unveils biz photo service in Indianapolis
The interactive virtual tour gives customers a glimpse of the layout and decor of a business without setting foot inside the location. For St. Elmo Steak House, where the service was introduced locally, it was an easy sell.
Bird reportedly leaving as Pacers executive
Despite a recent endorsement from his bosses, Larry Bird is set to step down as Indiana Pacers president of basketball operations, a newspaper is reporting.
Kroger convinces council member of need for gas station
Kroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis City-County Council member who'd threatened to stand in its way.
Haynes plans $23.5M expansion, 40 more jobs in Kokomo
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
Philanthropist, business leader Eccles dies at 76
Margot Lacy Eccles, a longtime Indianapolis philanthropist and business leader, died Monday at age 76, according to a statement from LDI Ltd.
American Legion challenges Indiana smoking ban
An American Legion post in northeastern Indiana has asked a federal judge to put a hold on a statewide smoking ban set to take effect Sunday.
People
Michael Thompson has joined the site development practice of engineering firm EMH&T as a project manager.
Construction
-Thompson Thrift Construction has completed construction of an 8,630-square-foot Cheddar’s Casual Café at 9512 Rockville Road, Avon.
-Capitol Construction has completed a 3,900-square-foot office build-out for Nationwide Insurance at 11555 N. Meridian St., Carmel.
-Capitol Construction has completed a 30,000-square-foot build-out for Child Advocacy Center at 4134 N. Keystone Ave.
Residential
The average rate for 30-year mortgages fell from 3.91 percent to 3.89 percent for the week ended June 20, according to Bankrate.com. The rate for 15-year mortgages fell to 3.16 percent from 3.17 percent.
Leases/leasing contracts
-The Restaurant Store leased 25,317 square feet of retail space at Lafayette Place, 3708 Commercial Drive. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Liberty Mutual leased 23,507 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Mark Stables of Grubb and Ellis. The landlord, Zeller Realty Group, was represented by Zeller’s Mark Vollbrecht and Tristan Glover.
-Flowers Baking Co. of Morristown LLC leased 11,218 square feet of industrial space at 3131 N. Franklin Road. The tenant was represented by Todd Vannatta and Bart Book of Cassidy Turley. The landlord, International Metals Processing LLC, represented itself.
-Security Equipment Supply leased 8,144 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-Crossroads Lighting LLC leased 6,000 square feet of industrial space at 2525 N. Shadeland Ave. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.
-United Package Liquors leased 4,200 square feet of retail space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 121, Plainfield. The tenant was represented by Adam Hill of United Package Liquors. The landlord, LOR Corp., represented itself.
-IU Health leased 3,200 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Plainfield. The tenant was represented by Rebecca A. Harpe of Harpe & Co. LLC. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services.
-Metrology Support Systems LLC leased 1,747 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Dr. Joseph Hadley DDS leased 1,600 square feet of office space in Geist Crossing North Shopping Center, 9850 E. 79th St. The tenant was represented by Bill Scott of UGL Equis. The landlord, LOR Corp., represented itself.
-Mr. Dan’s restaurant leased 1,500 square feet of retail space in Washington @ Post Shoppes, 8975 E Washington St., Suite 102. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.
-Cesar’s Group Fitness Studio leased 1,500 square feet of retail space in 96th Street Station Shopping Center, 9546 Allisonville Road, Suite 117. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-Chiropractor David Bax renewed his lease for 1,389 square feet of office space in Eagle Highland Office Park, 3945 Eagle Creek Parkway. The tenant was represented by Steve Beals and Richard King III of Lee & Associates. The landlord, Healthcare Trust of America Inc., was represented by Jim Mount of Hokanson Cos. Inc.
Sales/acquisitions
-Promise Ventures LLC bought a 2,030-square-foot office space at Promise Road Business Park, 12574 Promise Creek Lane, No. 122. The price was not disclosed. The buyer was represented by David Downs of Pursuit Realty. The seller, Promise Road Business Park LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Dairy Queen Grill & Chill bought a 1.34-acre outlot at Deer Creek Point, 13647 Olivia Way, Fishers. The price was not disclosed. The buyer was represented by Jim Abel of Lee & Associates. The seller, Fishers Shoppes LLC, was represented by Rob Warstler of Colliers International.
-Last Chance Wrecker & Sales Inc. bought a 15,000-square-foot industrial building at 1256 Roosevelt Ave. The price was not disclosed. The buyer was represented by Bill Brennan of Lee & Associates. The seller, GRS Indiana Inc., was represented by Russ Zimmerman of NAI Meridian Real Estate.
Lawrence Township finds buyers for surplus buildings
The northeast-side school district has sold one building, has three offers for another and is seeking tenants for 100,000 square feet in a third building.
Supreme Court to review rules for supervisor in job-bias suits
The U.S. Supreme Court will settle a dispute about who can be considered a workplace supervisor for purposes of a federal job-discrimination lawsuit.
Durham, 1 partner to be jailed until sentencing
A federal judge has ordered an Indiana financier and a business partner jailed until they are sentenced for swindling investors out of $200 million.
How close will ‘The Book of Mormon’ get to Indy?
Chicago and St. Louis are, for now, the nearest stops for the blockbuster musical.
Electronic health records bring $135M to Indiana
The federal stimulus program to speed “meaningful use” of electronic medical records is starting to generate significant cash for Indiana health care providers: More than $135 million has flowed to more than 2,000 Hoosier hospitals and doctors since January 2011.
