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Residential

November 5, 2012

The average rate for 30-year mortgages fell to 3.57 percent from 3.61 percent in the week ended Oct. 31, according to Bankrate.com. The rate for 15-year mortgages fell from 2.90 percent to 2.89 percent.

Leases/leasing contracts

November 5, 2012

-Audio Video Color Corp. leased 100,957 square feet of industrial space at 2151-2155 Airwest Blvd., Plainfield. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, Agellan Capital Partners, was represented by Michael Weishaar of Cassidy Turley.

-Minnick Services Corp. leased 5,600 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-Reesa Ann Academy leased 4,798 square feet at North Willow Mall, 2254 W. 86th St.  The landlord, Township 86th Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-City Barbeque leased 3,648 square feet at Rangeline Crossing, 1356 S. Rangeline Road, Carmel.  The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Centre and Associates LLC, represented itself.

-David Bender DDS leased 2,835 square feet at Greenwood Springs Shopping Center, 1273 Emerson Ave., Greenwood. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Sweet Things leased 2,695 square feet at North Willow Mall, 2288 W. 86th St.  The landlord, Township 86th Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Invacare Continuing Care leased 2,400 square feet of industrial space in Shadeland Business Park, 1740 Industry Drive. The tenant was represented by Kim Estes Hartman, Tom Osborne and R.J. Rudolph of Colliers International.  The landlord, Property Professionals Inc., was represented by Terri Kuberski of Property Professionals.

-Hallmark Home Mortgage LLC leased 2,241 square feet at 9000 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.  

-Kays CPA Group renewed its lease for 2,047 square feet of office space at 3021 E. 98th St. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Heartland Vision leased 2,000 square feet at Fortune Plaza, 9655 U.S. 36, Avon. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Fortune Plaza Enterprise B LLC, was represented by Greg Smith of Colliers International.

-Z Specialty Coatings LLC leased 1,940 square feet in Kirby Park, 1135 3rd Ave. Southwest, Carmel. The tenant and landlord both represented themselves.

-Peanut Butter & Jelly Daycare leased 1,540 square feet of office space in Steinmeier Station, 5501 E. 71st St. The tenant was represented by Sian Kicks of Matlock Town & Country Realty. The landlord, Rock Investments LLC, was represented by Spero Pulos of Lee & Associates.

-Sterling Creek Software LLC leased 1,433 square feet at 8888 Keystone Crossing.  The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Axis Home Health Care renewed its lease for 1,223 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.

-Alternative Technology Partners Inc. leased 1,164 square feet at The Bonn Building, 13578 E. 131st St, Fishers.  The landlord, Bonn Building Partners LLC, was represented by Keith Fried and Steve Delaney of Sitehawk Retail Real Estate.  The tenant represented itself.

Sales/acquisitions

November 5, 2012

-Intelligent Environmental Leasing LLC bought a 12,125-square-foot industrial building at 905 N. Capitol Ave. The buyer was represented by George Dury of Dury Investments. The sellers, Linda Hendricks and Lisa K. Green, were represented by Paul Dick and Kevin Dick of Colliers International.

-Intelligent Environmental Leasing LLC bought a 3,450-square-foot office building at 909 N. Capitol Ave. The buyer was represented by George Dury of Dury Investments. The seller, Duncan Supply Co. Inc., was represented by Paul Dick and Kevin Dick of Colliers International.

-PP Indy 8 LLC bought the 420-unit Forest Hills Apartments at 5500 Pleasant Hill Circle. The property was listed for $8 million. The sale price was not disclosed. The buyer was represented by Michael Wernke of the local office of Marcus & Millichap. The seller, Florida-based Cortland Loan Services, was represented by Scott Harris and Kyle Shoemaker of Marcus & Millichap's Oak Brook, Ill., office and Michael Regan and Francesco Carriera of the firm's Tampa office.

Correction

November 5, 2012

A construction item in last week's Real Estate Weekly included the wrong address for a 14,400-square-foot office build-out for VMS BioMarketing. The work, performed by Capitol Construction, was at 501 Pennsylvania Parkway.

Buffett-owned residential brokerage network to have presence here

November 5, 2012

Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.

Indiana delays discipline against ex-election chief

November 5, 2012

The Indiana Supreme Court has agreed to delay disciplinary action against former Secretary of State Charlie White until all of his appeals have been completed.

Butler locked down after robbery

November 5, 2012

The Butler University campus was on lockdown Sunday for more than two hours after the armed robbery of a nearby pharmacy. Two men robbed the CVS store at 119 W. 56th St. about 11:30 a.m. and were spotted on the campus minutes later after abandoning their vehicle. Dallas Beard, 38, was arrested by Butler police but the other suspect escaped on foot. Police say the pair may have been involved in other CVS robberies in Plainfield, Greenfield and Mooresville.
 

Boy injured in drag-racing crash

November 5, 2012

A father is in jail Monday after crashing his car while drag-racing on a busy Indianapolis street, critically injuring his 2-year-old son. Valentin Duran, 25, was arrested after being treated at the hospital Saturday and faces numerous charges, including child neglect and reckless driving. His son, who was in the passenger seat without a car seat or seat belt, was taken to Riley Hospital for Children in critical condition. Duran was racing a black Mustang on Georgetown Road about 5:30 p.m. when he crashed into another vehicle. The driver of the other vehicle was not injured. Police are still looking for the black Mustang.
 

Long lines for early voting, but Indiana turnout down

November 5, 2012

Lines at polling places stretched out the door and down the block in some Indiana cities on Monday as voters scrambled to meet the early-voting deadline of noon.

Pagano, like Tebow, capturing audience beyond football

November 5, 2012

The story of Indianapolis Colts Coach Chuck Pagano is quickly becoming one of the biggest of this NFL season. And that's because it's about more than football. A lot more.

Johnson County passes tougher smoking law

November 5, 2012

Johnson County commissioners on Monday morning approved countywide public smoking restrictions that will take effect in January. The ordinance is more restrictive than previous laws passed in Franklin and Greenwood.

Two Indianapolis office buildings in foreclosure

November 5, 2012

The buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company that operates 12 cemeteries and four funeral homes throughout Indiana.

Indiana’s Vigo County a bellwether for presidential races

November 5, 2012

The voters of Vigo County may know more about who will win the presidential race than any pollster or strategist. In more than half a century, Vigo County election returns have been right every time, making it the nation’s finest bellwether county.

New nonstop flights from Indy to Houston take off

November 5, 2012

Southwest Airlines on Sunday launched twice-daily nonstop service between Indianapolis International Airport and Houston Hobby Airport, marking the first direct flights between the two airports.

ADM planning $29M expansion on city’s southeast side

November 5, 2012

Decatur, Ill.-based ADM Milling Co. is seeking tax incentives related to its plans to construct a six-story building to increase its milling capacity. The expansion will help it retain 53 workers.

You-review-it Monday

November 5, 2012

So did you visit a Spirit & Place event? Catch the world premiere at the IRT? Hear Jane Monheit with the ISO?

Ex-Crane civilian chief moves to Ivy Tech

November 5, 2012

Ivy Tech Community College says its corporate college branch has selected Duane Embree to be its national director of military defense initiatives.

Lawmaker cries foul over Fishers vote endorsement

November 5, 2012

A state lawmaker is taking issue with a group that backs a new "hybrid city" government in an Indianapolis suburb and says she never endorsed the plan.

Tea party looks for Mourdock win with final push

November 5, 2012

Tea party advocates in Indiana who aced their first test by ousting U.S. Sen. Richard Lugar in May likely face a much tougher final exam Tuesday as they work to push Republican Richard Mourdock to victory.

Ex-Sen. Bayh keeps options open for his future

November 4, 2012

Former U.S. Sen. Evan Bayh is keeping his options open for his future as he holds onto about $10 million in campaign money.

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