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Foreclosed Ramada hotel up for auction

June 2, 2011

The hotel on the east side of Indianapolis near Interstate 465 and Pendleton Pike will go up for online auction on Tuesday with a minimum starting bid of $300,000.

State eyes possible takeover of 18 failing schools

June 2, 2011

State Superintendent of Public Instruction Tony Bennett said it's simply unacceptable to have six straight years of failing schools.

Feds reject Indiana’s Medicaid plan

June 1, 2011

The federal Health and Human Services Department is telling the state of Indiana that its Medicaid plan, which bans funding to Planned Parenthood, is illegal and must be changed.

Government to lose $14B of auto bailout funds

June 1, 2011

The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.

Massive recycling plant in Indianapolis pays off for Republic Services

June 1, 2011

A $4M machine sorts newspaper, glass, plastic quickly from as far away as Evansville.

Construction

June 1, 2011

Alderson Commercial Group Inc. has started construction of a three-story, 55,000-square-foot medical building for Community Health Network at 7910 E. Washington St. The $12 million project is to be completed by early 2012. Alderson is the project developer and general contractor.

Electric vehicles gain traction in region

June 1, 2011

Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.

Residential

June 1, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 4 percent for the week ended May 27, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.58 percent from 4.69 percent the previous week. The rate for 15-year mortgages was unchanged at 3.78 percent.

Leases/leasing contracts

June 1, 2011

-BGBC Partners LLP leased 15,783 square feet of office space at 300 N. Meridian St. The tenant was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group. The landlord, REI Real Estate Services LLC, was represented by Mike Napariu of REI Investments.

-Kirkland’s leased 8,482 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road.The tenant was represented by Roland Mackie of RightSite.  The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-Cantrell Strenski & Mehringer LLP leased 8,405 square feet of office space at 150 W. Market St. The tenant was represented by George Dury of Dury Investment Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.

-Bensussen Deutsch & Associates leased 4,271 square feet of office space at 32 E. Washington St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Indiana Symphony Society Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Imagine Hope Counseling Group LLC leased 3,233 square feet of office space at 3105 E. 98th St. The tenant was represented by Brian Askins of UGL Equis. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
 
-TOC Logistics leased 3,192 square feet of office space at 2629 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.

-American Academy of Osteopathy leased 2,955 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.

-Pediatric Nursing Specialists leased 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.

-VEAPS Inc. leased 2,362 square feet of office space at 6535 E. 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Zoup! leased 2,332 square feet at Meijer Outlot Shops, 1430 W. Carmel Drive, Carmel. The tenant was represented by Robyn Smart of CB Richard Ellis.
The landlord, Terre Carmel East LLC, was represented by Larry Davis and Thomas English of Sitehawk Retail Real Estate.

-Hull & Associates leased 1,982 square feet of office space at 6435 Castleway West Dr. The tenant was represented by Dustin McFarland of Mohr Partners. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Rapid Logistics leased 1,232 square feet of office space at 2611 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.  The tenant represented itself.

Sales/acquisitions

June 1, 2011

-Johnstone Supply bought a 13,900-square-foot building at 2460 N. Shadeland Ave. in the Shadeland Industrial Park. The price wasn’t disclosed. The buyer was represented by Luke Wessel of Cassidy Turley. The seller, LT Shadeland LTD, was represented by Stanley Evans of RSE Realty Inc.

-City Barbeque bought one acre of land in the Raceway Market development at U.S. 36 and Raceway Road, Avon. The price wasn’t disclosed. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Raceway Market Land LLC, was represented by Dean Almas of Centre Properties.

Rape, robbery suspect arrested

June 1, 2011

Police have arrested Travis Reagle, 23, in connection with a robbery and rape investigation in Noblesville. He was taken into custody Tuesday morning at a nearby bank branch shortly after a woman reported she had been tied up, raped and robbed inside her apartment. Police said the incident happened at Greystone Apartments on 146th Street, near River Road. Reagle had debit and credit cards belonging to the victim when he was taken into custody, police say. He was charged with rape, robbery, criminal confinement, burglary and criminal deviate conduct.

 

Semi accident shuts down I-70

June 1, 2011

Two semi drivers were taken to the hospital after they collided in the westbound lanes of Interstate 70 in downtown Indianapolis Wednesday morning. The collision scattered fuel and oil all over the roadway, closing all three lanes from about 2:30 a.m. to 6:30 a.m. According to Indiana State Police, both trucks were traveling in the center lane when one rear-ended the other. One of the drivers had to be extricated from the cab and was seriously hurt.

 

Woman dies in delivery truck crash

June 1, 2011

State Police say a woman was killed Wednesday after her husband fell asleep behind the wheel of a doughnut-delivery truck, flipping the vehicle. The accident happened about 4:30 a.m. on the west side of Indianapolis on the southbound ramp to Interstate 465 from eastbound I-74. The driver's wife was pronounced dead at the scene and the driver was taken to a hospital with non-life-threatening injuries.

 

IndyCar, Indy 500 still have a long way to go

June 1, 2011

While the IndyCar Series and Indy 500 are out of neutral, they are not in high gear.

Roche lands $11M contract at D.C. army medical centers

June 1, 2011

Roche Diagnostics Corp. landed an $11.4 million contract to provide laboratory testing services at military hospitals in the Washington, D.C., area.

Ticket giveaway: Beethoven’s Ninth

June 1, 2011

Win tickets to see the Indianapolis Symphony Orchestra and the Indianapolis Symphonic Choir.

Better Wi-Fi sought for stadium, convention center

June 1, 2011

The Capital Improvement Board of Marion County is accepting proposals to improve Wi-Fi service at both Lucas Oil Stadium and the Indiana Convention Center. The systems are expected to be operational in time for the Super Bowl in February.

Alexandria working on factory deal with defense contractor

June 1, 2011

Alexandria Mayor Jack Woods said plans are for Maryland-based Floatograph Technologies to buy the former U.S. Pipe facility from the city and then repair and remodel the factory. The plant could eventually have 100 workers.

Also this week

June 1, 2011

With “Bridesmaids” a hit in movie theaters, Betty Rage Productions demonstrates great accidental timing by presenting “Five Women Wearing the Same Dress,” a comedy about, yes, bridesmaids. It runs June 4-12 at Theatre on the Square. Details here. 
 

Glenn Campbell is joined by Jimmy Webb, the songwriter who penned many of his hits (including “Wichita Lineman” and “Galveston”), for a June 4 concert at the Palladium. Details here.  

Pianist Antti Sirala performs Brahm’s First Piano Concerto with the Indianapolis Symphony Orchestra June 2-4 at Hilbert Circle Theatre. Details here.  

The Vogue hosts singer/songwriter Brett Dennen June 2. Details here.  

Boney James performs at the Murat Theatre at Old National Centre June 3. Details here.

“Divine Divas of Jazz”

June 1, 2011

June 2

Cabaret at the Columbia Club

It’s ladies night at the Cabaret. That’s not to say men won’t be allowed to attend. It’s just that the on-stage talent is all women, including headliner Jackie Allen, a Blue Note recording artist who combines folk, pop and jazz instincts. She’ll be supported by an all-female band led by Monika Herzig. In support will be vocalists Shannon Forsell and Heather Ramsey. Details here.

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