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Bystander killed in police shootout

July 27, 2012

An innocent bystander was killed Thursday night in Pendleton when a gunman opened fire on police officers responding to a reported domestic disturbance. Police identified the victim as John Neal Shull Jr., 48, who owned N.S. Painting Co. Shull was in a truck when he was hit by gunfire exchanged by 59-year-old Jim Kenneth Bailey of New Castle and police officers. Two police officers suffered non-life-threatening bullet wounds and a police dog was killed in the incident, which took place about 11 p.m. Bailey was found dead about six hours later of an apparent self-inflicted gunshot.
 

U.S. economic growth slowed to 1.5 percent in 2nd quarter

July 27, 2012

The 1.5-percent growth rate in the second quarter was the weakest since the economy expanded at a 1.3-percent rate in the July-September quarter last year. The U.S. economy has never been so sluggish this long into a recovery.

Speedway mulls installing lights for NASCAR race

July 27, 2012

Indianapolis Motor Speedway and NASCAR officials remain committed to the long-term future of the Sprint Cup race at the Brickyard, predict double-digit percentage attendance gains this year.

Sallie Mae plans to add 200 jobs in Muncie

July 27, 2012

The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie. When finished next summer, the 75,000-square-foot facility will house 900 employees.

Leasing/leasing contracts

July 27, 2012

-Verizon Wireless renewed it lease for 36,311 square feet in Parkwood One, 250 E. 96th St. The tenant was represented by Zane Brown of CBRE. The landlord, Duke Realty, was represented by Adam Seger of Duke Realty.

-Echo Engineering and Production renewed its lease for 29,200 square feet at  Park 100, Building 76, 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.

-Cross Point Solutions leased 26,145 square feet in Park 100, Building 67, 5457-5511 W. 79th St. The tenant was represented by Jack Pence of Cassidy Turley. The landlord, Duke Realty, was represented by Mark Hosfeld of Duke Realty.

-Mercer Belanger PC leased 10,552 square feet of office space at One Indiana Square, Ohio and Pennsylvania streets. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates. The landlord, One Indiana Square Associates, was represented by Ralph Barber of Newmark Knight Frank Halakar.

-Column Capital Wealth Management leased 5,859 square feet of office space at One River Crossing, 3815 River Crossing Parkway. The tenant was represented by Samuel F. Smith II and Kevin Dick of Colliers International. The landlord, FSP River Crossing LLC, was represented by John Vandenbark of CBRE. 

-DBC Imaging Inc. dba Speedpro Imaging leased 4,975 square feet in Park 100, Georgetown Building 3, 7920 Georgetown Road. The tenant was represented by Larry Shuman of Shuman Realty. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.

-Little Caesar’s leased 2,100 square feet of retail space at 4851 N. College Ave.  The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Tammy Inc., was represented by Tom Hovanec of Hovanec Properties.

-Boost Mobile leased 2,040 square feet of retail space at 5252 Crawfordsville Road. The tenant and landlord, LOR Corp., represented themselves.

-Mr. Dan’s Restaurant leased 1,800 square feet of retail space in Lynhurst Shoppes Shopping Center, 5309 W. 10th St. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.

-Caribbean Tanz leased 1,600 square feet of retail space in Camby Station Shopping Center, 7105 Kentucky Ave., Suite 110. The tenant and landlord, LOR Corp., represented themselves.
    
-Chicago Hot Dog Co. leased 1,600 square feet of retail space in Michigan Road Shops, 8320 N. Michigan Road. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Arciterra Michigan Road Indianapolis LLC, was represented by Jeremy Hamilton of Arciterra.

-Boost Mobile leased 1,300 square feet of retail space in Port ‘O Call Plaza, 9 Beachway Drive. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, BAS Associates LLC, was represented by Danny Maish of Borns Management Corp.

-BHC Marketing leased 1,200 square feet of office space at 11083 Village Square Lane, Fishers. The tenant was represented by Rob Christman and Kara Riggle of Colliers International. The landlord, Offices of VS Fishers LLC, was represented by Keith Dedrick of Corporate Commercial Group.

-Meat Masters Inc. leased 1,200 square feet of retail space in Greenfield Station Shopping Center, 1913 Melody Lane, Greenfield. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

Sales/acquisitions

July 27, 2012

-Anderson-based Renewing Management bought Harmony Hills apartments, 46 units in 23 duplex-style buildings in Bargersville. The property was listed at $1.9 million. The sale price wasn’t disclosed. The buyer and seller, Nevada-based TRI YF Partnership, were represented by Tikijian Associates.   

-LY Indy Investment Group bought Woodview Terrace Apartments, a 57-unit apartment complex at 9122 E. 10th St. The property was listed for $1.15 million. The sale price wasn’t disclosed. The buyer and seller, Richard Noel, were represented by Tikijian Associates.

-KJS LLC bought a 14,490-square-foot Walgreen’s drugstore at 20 W. Main St., Brownsburg.  The seller, BTB Property Holdings LLC, was represented by Janice Paine of Colliers International. The buyer represented itself.

Leasing/leasing contracts

July 27, 2012

-County Line Emporium leased 28,633 square feet at Churchman Hills Plaza, 3535 Emerson Ave. The tenant was represented by Tracy Holtzman and Patrick Boyle of Midland Atlantic. The landlord, Beech Grove Holdings LLC, represented itself.

-JAS Cinemas Enterprises LLC leased 25,344 square feet at Southbridge Crossing, 300 Southbridge Crossing, Mooresville. The tenant was represented by Michael Rodenas of Rodenas Consulting. The landlord, Brown Bark I LP, was represented by Jeff Hubley of Midland Atlantic.

-Furniture Discounters leased 12,000 square feet at Castleton Marketplace, 8441 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.

-Cesar’s Group Fitness Studio leased 8,400 square feet at 96th Street Station, 9546 Allisonville Road, Suite 116-121. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.

-King’s Beauty Supply renewed its lease for 6,300 square feet of retail space in Augusta Plaza, 2808 Westlane Road. The tenant and landlord, Augusta Plaza Associates LP, were represented by Nick Smyrnis of Lee & Associates.

-Brendanwood Financial leased 3,458 square feet at 9650 N. Commerce Drive, Suite 523, Carmel. The tenant was represented by George Crawford of NAI Meridian. The landlord, Sand Capital IX LLC, was represented by Jeff Hubley of Midland Atlantic.

-Advantage Sales & Marketing leased 2,877 square feet of office space at 6505 E. 82nd St. The tenant was represented by RJ Jesenski of Cresa Partners. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Young Survival Coalition Inc. leased 2,495 square feet of industrial space at 6990 Hillsdale Court. The tenant was represented by Glenn Davis of Colliers International. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.  

-Firehouse Subs leased 2,400 square feet at Brownsburg Village Shopping Center, Northfield Drive and State Road 267, Brownsburg. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, BVSC LLC, was represented by Jodi Milto of Midland Atlantic.

-Solid Gold Jewelry and Gifts leased 1,700 square feet at Sunnyside Village Shoppes, 10820 Pendleton Pike. The landlord, Sunnyside Village Shoppes LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.

-DC Designers Tux Shop leased 1,602 square feet of retail space at 2780 E. 146th St., Carmel. The tenant was represented by Stacia Yeager of Encore Sotheby's International Realty. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift.

-Fast Burrito leased 1,600 square feet at Shadeland Place, 7460 N. Shadeland Ave., Suite 400. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, MAP Shadeland LLC, was represented by Jeff Hubley of Midland Atlantic.

-P&P Home Services LLC leased 1,270 square feet of office space in Barker Office Park, 8012 E. 10th St. The tenant and landlord, East Tenth Street Development, were represented by Cathy Richards and Mike Kensill of Lee & Associates.

-State Farm leased 1,200 square feet of retail space at The Pavilion at Castleton Center, 5957 E. 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Stough Development, was represented by Greg Smith of Colliers International.

-Endika Naturals leased 590 square feet of office space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Sales/acquisitions

July 27, 2012

-Meritex Enterprises bought a 73,290-square-foot industrial building at 5945 W. 84th St.  The seller, Northwest Industrial Centre LLC, was represented by Jeff Castell and Angie Wethington of Cassidy Turley. The buyer represented itself.

-Ben Comer bought 12.5 acres of land at the northeast corner of County Road 300 and U.S. 36, Danville.  The buyer was represented by Jerry Vornholt of Vornholt Realty.  The seller, GPI at Danville Crossing LP, was represented by Ross Reller of Colliers International.

-Citimark bought Haverstick One and Two, a 79,000-square-foot, two-building office complex at 8200-8250 Haverstick Road. The seller, Shepard Poorman Investments, was represented by Dan Richardson and Terry Hughes of CBRE. The buyer represented itself.

Construction

July 27, 2012

-Capitol Construction has completed a 1,875-square-foot office build-out for Four Quadrants Advisory Cos. at 912 S. Rangeline Road, Carmel.

-Capitol Construction has completed a 2,500-square-foot office expansion for Clinical Architecture at 11611 N. Meridian St., Carmel.

-Capitol Construction has completed a 2,500-square-foot office build-out for Merchant Bank at 11555 N. Meridian St., Carmel.

Correction

July 27, 2012

Axium leased 2,172 square feet at Crosspoint VI, 9775 Crosspoint Blvd. The tenant was represented by Tim O’Brien of Colliers International. The landlord, Crosspoint Six, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord's brokers were omitted from a listing in the July 24 Real Estate Weekly.

Residential

July 27, 2012

The average rate for 30-year mortgages fell from 3.78 percent to 3.75 percent in the week ended July 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.04 percent to 3.00 percent.

Lotus may leave IndyCar one year into five-year deal

July 27, 2012

Group Lotus Plc is considering leaving the IndyCar Series as an engine supplier at the end of this season—its first as a part of a five-year deal it signed last year to supply turbo engines to IndyCar teams.

Beech Grove mayor starts process to form CDC

July 27, 2012

Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city’s development commission for consideration. He hopes to have it operating within the next month.

Health insurers’ anti-fraud bid seeks to ease profit-limit rule

July 27, 2012

The Obama administration Thursday announced a partnership with the industry in which WellPoint Inc., UnitedHealth Group Inc. and other insurers may try to share more billing data with the government to root out fraud.

Turf painting spreads as drought ravages lawns

July 27, 2012

With two-thirds of the nation covered by a drought that stretches from coast to coast, residents and businesses in normally well-watered areas are catching on to the lawn-painting practice employed for years in the West and Southwest to give luster to faded turf.

Should actors keep their mouths shut?

July 27, 2012

An actress tweets harshly about the first preview of a play. Did she cross a line?

State fair exec shadowed by tragedy

July 27, 2012

Cindy Hoye's life has revolved around fairs since she was a child growing up just 10 minutes from the Indiana State Fairgrounds, but for the past year, that lifelong love has been tainted by tragedy.

MORRIS: Legal Aid Society deserves your support

July 26, 2012

It’s the largest organization in Indiana devoted solely to the non-ideological, non-sectarian, non-governmental provision of civil legal assistance to persons of limited means.

EDITORIAL: City needs to raise bar for project design

July 26, 2012

It’s puzzling that Indianapolis doesn’t demand more of those who shape its built environment.

Public safety due for budget cuts, mayor says

July 26, 2012

Public safety and criminal justice are the only places left in the city-county budgets to look for ways to close a $27 million spending gap for 2013. Sheriff, police, fire and court budgets account for 85 percent of the $569 million general fund.

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