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Construction

March 2, 2012

-Gibson Commercial Construction has been hired by US Safety Depot to complete a 2,200-square-foot office build-out at at 1052 Greenwood Springs Blvd., Greenwood.

-JBM Contractors Corp. has started construction on a 1,240-square-foot office remodel for Dr. Ellen Johns, DDS, at 1619 W. 86th St. The project is to be completed by March 15.

Leases/leasing contracts

March 2, 2012

-City Thrift Store leased 29,700 square feet of retail space in Washington Market, 10435 E. Washington St. The tenant was represented by Frank Swiss of Swissco Real Estate. The landlord, Sandor Development, was represented by Sandor’s Jeff Roberts and Drew Kelly.

-A.H. Furnico renewed its lease for 14,400 square feet of industrial space at 6425 E. English Ave. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, English Avenue Properties LLC, was represented by Alex Blackburn of RE/MAX Real Estate.

-Meridian Title Corp. renewed its lease for 3,746 square feet at 11711 N. Pennsylvania St.  The andlord, North Pennsylvania Associates LLC, was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.

-The Bike Line leased 3,307 square feet at Carmel City Center, 723 Hanover Place, Carmel. The landlord, Carmel City Center LLC, was represented by Melissa Averitt of Carmel City Center. The tenant represented itself.

-Indianapolis Physical Therapy & Sports Medicine renewed its lease for 3,194 square feet of retail space in George Thomas Plaza, 1048 N. Shadeland Ave.  The tenant was represented by Patty Toth of Jackson Cross Partners. The landlord, Ladywood Apartments LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-San Antonio Shoe Inc., dba SAS Comfort Shoes, leased 2,250 square feet of retail space at 4909 E. 82nd St., Suite 100. The tenant was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services. The landlord, PK Clearwater Springs LLC, was represented by PK Partners.

-Which Wich Superior Sandwiches leased 2,022 square feet of retail space in The Avenue, 860 W. 10th St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Fall Creek Housing Partners LLC, was represented by Natasha Evans of Buckingham Cos.

-Midwest Tax Group expanded its lease to 1,519 square feet of office space in Castle Creek V, 5750 N. Castle Creek Parkway. The tenant was represented by  Herb Feldmann and Cindy Hoskinson of Lee & Associates. The landlord, Castle Creek Pkwy LLC, was represented by David Gimple of Friedman Integrated Real Estate Services.

-Jack & Jill Children’s Shoppe leased 997 square feet at Carmel City Center, 727 Hanover Place, Carmel. The landlord, Carmel City Center LLC, was represented by Melissa Averitt of Carmel City Center. The tenant represented itself.

-Simply Holistic Health LLC leased 937 square feet of office space at 8801 N. Meridian St., Suite 100. The tenant was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services. The landlord, Sun Life Assurance, was represented by Hokanson Cos. Inc.

Residential

March 2, 2012

The average rate for 30-year mortgages fell from 4.16 percent to 4.10 percent for the week ended Feb. 29, according to Bankrate.com. The rate for 15-year mortgages fell from 3.38 percent to 3.35 percent.

Sales/acquisitions

March 2, 2012

-Jose Melendez bought 1.361 acres of retail land at West County Road 750 North and State Road 67,  McCordsville. The price wasn’t disclosed. The buyer and seller, Forty One Corp., were represented by John Reller and Ross Reller of Colliers International.

-Caymus Real Estate LLC bought 31 acres of industrial land near Perry and Stanley roads in the Plainfield Business Park, Plainfield. The price wasn’t disclosed. The buyer was represented by Sean McHale and Rick Suja of Colliers International.  The seller, CEVA Logistics US Inc., was represented by Terry Busch of CBRE.

Area under tornado watch

March 2, 2012

A tornado watch is in effect until 6 p.m. for central Indiana and until 7 p.m. Friday for surrounding areas. Hail up to 2 inches in diameter and wind gusts of 70 miles per hour are possible, as well as dangerous lightning. The greatest threat for tornados Friday exists in the south and eastern third of Indiana as well as in central Kentucky and Tennessee. The first wave of storms rolled through the Indianapolis area Friday morning but another wave is expected after 2 p.m.
 

Georgia Street pillars unveiled

March 2, 2012

Ten memorial pillars honoring the inaugural class of Hoosier legends were revealed Friday along Georgia Street in downtown Indianapolis. The 7-foot pillars feature a likeness and short biography of each honoree. Among the first group of legends are President Benjamin Harrison, Madam C.J. Walker, the Lilly family, Wes Montgomery, Ernie Pyle and Booth Tarkington. The plan is to build 30 pillars. The city said each pillar costs about $5,000. The Super Bowl Host Committee paid for nine of the first 10 pillars.
 

Irsay can’t leave fans feeling they’ve been fooled again

March 2, 2012

If Colts fans think Jim Irsay waited until after the season ticket renewal date to release Peyton Manning, his ticket waiting list, along with the goodwill he's banked, could burn up like paper in fire.

Star settles age-discrimination suit with ex-columnist

March 2, 2012

Former columnist Susan Guyett, 63, sued the Star and its owner, Virginia-based Gannett Co., in April 2010, alleging that her age led to her dismissal in December 2008.

BrightPoint making local employment cutbacks

March 2, 2012

BrightPoint Inc. has laid off an undisclosed number of its local employees and decided not to fill another 120 open positions, the Indianapolis-based company acknowledged Thursday.

Bill for alcohol amnesty law goes to governor

March 2, 2012

Legislators have approved changing Indiana law to shield people from arrest on alcohol charges if they seek out medical help for someone who is intoxicated.

LEADING QUESTIONS: Ad exec boils down rules for success

March 2, 2012

LQ_Bryant_WatchVideoBruce Bryant founded Promotus Advertising with little experience as an entrepreneur. Through mentors, biblical scripture and hard-won experience, he has culled several tenets for staying solvent and keeping a clear head.

Reverse-commuter lines to roll to Hendricks, Hamilton counties

March 2, 2012

Green_Bingaman_WatchVideoEmployers in Hamilton County and Hendricks County may find it easier to attract workers from Marion County, with the planned launch of a “reverse commuting” bus service.

Indiana county OKs project for 80 wind turbines

March 2, 2012

Charlottesville, Va.-based Apex plans to install the wind turbines in southern Wells County, about 100 miles northeast of Indianapolis.

AIT Labs exec succeeding founder Evans as CEO

March 2, 2012

The promotions of several executives follow the Indianapolis-based clinical testing company’s announcement in January that it was cutting jobs and restructuring its business.

Attorney General sues 2 firms over Super Bowl rentals

March 2, 2012

The lawsuit charges that Super Week Lodging and Major Event Rentalz took money up front without providing services or refunds.

Fight over tuition for immigrants derails bill

March 2, 2012

Indiana senators fearing a backlash from conservatives scuttled an expansive education proposal this week after it was amended to grant in-state tuition to illegal immigrants already enrolled in state schools.

Bruce Bryant: Guiding principles

Leading Questions: Bruce Bryant

Going Green 2012: Sustaining public transportation efforts

Citizens Energy projects bigger savings from deal

March 1, 2012

Cost-savings tied to the purchase of the city’s water and sewer utilities are also expected to be realized sooner than predicted.

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