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United Way annual campaign raises $38.2M

March 22, 2011

United Way of Central Indiana’s 2010 annual campaign fell short of its ambitious $41 million goal, but donations nearly matched the 2009 total.

Minneapolis firm buys Fishers business park

March 22, 2011

Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.

Parting thoughts on China’s quirks and challenges

March 22, 2011

Observations on the country’s building boom, drivers, high-speed trains and corporate slogans.

Hunter leaves IUPUI to take coaching job at Georgia State

March 22, 2011

Coach Ron Hunter has left IUPUI after 17 seasons to take over at Georgia State University, a men’s basketball program that has struggled through most of its existence.

Brightpoint stock sinks on proposed AT&T deal

March 22, 2011

Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.

Daniels signs book deal

March 22, 2011

The book is scheduled to come out in September and is being billed by Sentinel as a reminder of "America's urgent need for limited but more effective government, fiscal discipline at all levels, increased liberty for individuals, and a restoration of our national greatness.”

Healthy Indiana Plan expansion opposed by some

March 22, 2011

Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.

Indicted financier Durham ordered released on $1M bond

March 22, 2011

A federal magistrate in California has ordered a former Indiana businessman accused in a $200 million fraud scheme released on $1 million bond.

Indiana Legislature moves on without boycotting Dems

March 22, 2011

House Speaker Brian Bosma directed Republican committee chairmen to hold meetings starting this week to discuss Senate bills, even though no official action or votes can be taken until Democrats return and provide the quorum required by the state constitution.

People

March 21, 2011

David Contis is joining Simon Property Group Inc. as senior executive vice president and president of the company’s mall platform. Contis, the current president of real estate for Chicago-based Equity Group Investments, starts work May 2.

Residential

March 21, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 0.7 percent for the week ended March 11, according to the Mortgage Bankers Association. The interest rate for 30-year mortgages decreased to 4.79 percent from 4.93 percent the previous week. The rate for 15-year mortgages fell to 4.03 percent from 4.17 percent.

Leases/leasing contracts

March 21, 2011

-Wolters Kluwer Health Inc. leased 26,977 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Mark Friedman of Colliers International. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Virtual Marketing Strategies Inc. leased 20,578 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Matt Langfeldt of Summit Realty Group. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Durkin & Villalta Partners Engineering Inc. leased 6,180 square feet of office space at 8440 Woodfield Crossing Blvd. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
 
-Stephenson Morow & Semler leased 5,903 square feet of office space at 3077 E. 98th St. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Mark Pi’s China Gate leased 3,107 square feet at Hamilton Crossing Centre, 12297 N. Meridian St., Carmel. The tenant was represented by Frank Swiss of Swissco Real Estate LLC.  The landlord, KRG Hamilton Crossing LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Low T Centre leased 2,275 square feet of space from Sycamore Springs Office Park, 4735 Statesman Drive, Suite B/C. The tenant was represented by Kelli Dugan of Newmark Knight Frank Halakar. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.

-Verizon Wireless leased 2,271 square feet in Traders Point, Interstate 465 and West 86th Street.  The tenant was represented by Jamison Downs of Dorsand Management Co. The landlord, Kite West 86th Street LLC, was represented by Blake Beaver of Kite Realty Group.

-R. Lynda Designs leased 2,247 square feet in Traders Point, Interstate 465 and West 86th Street.  The tenant was represented by Keith Fried of Sitehawk Retail Real Estate Services. The landlord, Kite West 86th Street LLC, was represented by Blake Beaver of Kite Realty Group.

-Larry Webb State Farm Agency leased 1,600 square feet at Kirby Park, 250 West Carmel Drive, Carmel. The tenant was represented by Sharon Thompson of Keller Williams Commercial. The landlord, Kirby Park, was represented by John Kirby of Kirby Real Estate.

-WealthPoint Advisors LLC leased 1,450 square feet at Woodland Center II, 8335 Allison Pointe Trail. The tenant was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Liberty Tax Service leased 1,250 square feet of office space in South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. The tenant and landlord, HRCP Inc., were represented by Cathy Richards of Lee & Associates.

-DAST Consulting LLC leased 1,059 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

-Retirement Resources Inc. leased 859 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.

Sales/acquisitions

March 21, 2011

-Developer Town Properties Inc. bought a 35,000-square-foot industrial building at 5255 Winthrop Ave. The price wasn’t disclosed. The buyer was represented by Jon Altman of Altman Investments Inc. The seller, Ace Real Estate Inc., was represented by Bob Lindgren and Bill Brennan of Lee & Associates.

-Harold Lee Miller bought the former Mueller Automotive building at 642 and 646 Virginia Ave. The price wasn’t disclosed. The buyer was represented by Sandra Jarvis of IndySQUARED. The seller, Lucille Mueller, was represented by Richard King III of Hokanson Cos.

Rolls-Royce gives downtown office market a bounce

March 21, 2011

The decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have been a big spike in the central business district Class A office vacancy rate.

EEOC: Local bar fired worker over pregnancy

March 21, 2011

The federal agency is suing the owner of the Wild Beaver Saloon in Broad Ripple for allegedly firing an employee because of her pregnancy, which violates the Civil Rights Act of 1964.

IPL chief Murtlow leaving electric utility April 1

March 21, 2011

Indianapolis Power & Light Co. CEO Ann D. Murtlow will leave her position April 1, the electric utility announced Monday afternoon.

Ex-Carmel policeman to appeal firing

March 21, 2011

A former Carmel police officer is appealing the police merit board’s decision to terminate him over claims he abused his power and disobeyed orders. Greg Park claims he was unjustly retaliated against after he came forward with concerns that the department was guilty of racial profiling. At the merit board meeting in February, Carmel Police Chief Tim Green said Park showed a pattern of questionable behavior, including pulling over too many female drivers and driving to one young woman’s house to give her a warning for speeding.

Fire on north side kills 7 dogs

March 21, 2011

A house fire near 54th Street and Crittenden Avenue on Monday morning killed seven dogs and sent one person fleeing to the roof. Neighbors heard a resident of the home yelling for help just before 7 a.m. The resident said the home was full of smoke and he couldn’t get out. The neighbors got a ladder and rescued him from the roof. Witnesses say a person who lived in the home cared for rescue dogs.

Housing group gets $6.3 million from Lilly Endowment

March 21, 2011

Lilly Endowment Inc. is continuing its decades-long support of the Indianapolis Neighborhood Housing Partnership, awarding the not-for-profit a $6.3 million grant to help low- and middle-income families become homeowners.

ESPN grinds ax against NCAA

March 21, 2011

Sports cable network lets loose on NCAA about so-called poor decisions during this year's March Madness. Schools and college hoops fans get brought down in the crossfire.

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