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Why the colonel rules China
In 1987, KFC became the first fast-food chain to enter mainland China, and it’s never looked back.
Office/retail building planned for Fort Ben
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office tenants.
CIB awards contracts for stadium, convention security
The Capital Improvement Board voted Monday to retain the services of three firms that currently provide security at Lucas Oil Stadium and the Indiana Convention Center, at an annual savings of $300,000.
Indiana Medicaid mental health list worries advocates
The state budget bill moving through the Indiana General Assembly would save about $7 million each year by creating a list of preferred mental health drugs and trying to win larger rebates from manufacturers.
Indiana state budget website gets new features
New features being added to the state of Indiana's budget transparency website include the ability for users to sign up for e-mail alerts when information they are interested in is updated.
State puts 4 teams in NCAA tourney
Four Indiana-based universities qualified for the 68-team NCAA men’s basketball tournament, the NCAA announced Sunday. Butler University (23-9) earned a No. 8 seed and will play Old Dominion in Washington, D.C., on Thursday. The other three Indiana schools will play Friday. Purdue University (25-7) earned a No. 3 seed and faces St. Peter’s in Chicago. The University of Notre Dame (26-6) was given a No. 2 seed and will play the University of Akron in Chicago. Indiana State University was seeded 14th and faces Syracuse University in Cleveland.
Man stabbed at west-side restaurant
A 29-year-old man was stabbed in the stomach and taken to Wishard Hospital in critical condition about 3 a.m. Monday after a scuffle just before closing time at the Taqueria Jalisco restaurant. Cesar Abrego, 29, was injured in the incident near West 38th Street and High School Road. Police are using interpreters to talk to witnesses but have no suspects so far.
Meridian Street getting a $12M face-lift
The city of Indianapolis plans to spend $12 million to repave Meridian Street between 38th and 86th streets starting April 1. The entire project, part of the RebuildIndy program, could take the better part of the year to finish. Crews will begin the work on a section between 38th and 54th streets.
Tourney would have been different in Knight, Keady era
Though Big Ten tournament attendance in Indianapolis is up this year, it would be exponentially higher if IU and Purdue were rival powerhouses.
City terminating contract of Eagle Creek golf manager
Jerry Hayslett, who has managed the golf club on West 56th Street since 1999, will no longer be the operator, effective April 1, after he defaulted on a $3.5 million loan balance, city officials said.
Big Ten tournament attendance, economic impact up
Downtown hotel rooms were sold out three straight nights as attendance at the Big Ten men's basketball tournament hit its highest mark since 2006.
Construction
DB Klain Construction has started construction of a 1,500-square-foot addition/renovation of the Carmel Dad’s Club corporate offices at 5459 E. Main St., Carmel.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity increased 15.5 percent for the week ended March 4, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.93 percent from 4.84 percent the previous week. The rate for 15-year mortgages was unchanged at 4.17 percent.
Leases/leasing contracts
-Farmers Insurance leased 26,840 square feet of office space at Lake Pointe Center 5 at Allison Pointe, 82nd Street and Allisonville Road. The tenant was represented by Brian Askins of UGL Equis. The landlord, Edgeworth Laskey Properties LLC, was represented by Adam Broderick of Jones Lang LaSalle.
-Planet Fitness leased 17,456 square feet of retail space at Plainfield Crossing, U.S. 40 and Shady Lane, Plainfield. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Schottenstein Property Group, was represented by Drew Warner of Eclipse Real Estate.
-USA Funds leased 14,970 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Sam Smith of Colliers International. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-MetLife Bank leased 14,042 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Jason’s Deli leased 4,900 square feet at Hamilton Crossing Centre, 12405 N. Meridian St., Carmel. The tenant was represented by Phil Drake and Robert Matias with Equity Inc. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Threlkeld & Associates leased 4,500 square feet at 50 S. Meridian St. The tenant was represented by Yumi Prater and Tim O’Brien of Colliers International. The landlord, 50 South Meridian Associates LLC, was represented by Bill Montrie of Corporate Park Development Inc.
-Associated Brokerage Companies Inc. leased 3,541 square feet at Intrametco Centre, 14297 Bergen Blvd., Suite 150, Noblesville. The tenant was represented by Scott Lindenberg of Echelon Realty Advisors. The landlord, The Intrametco Building LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Leslie’s Swimming Pool Supplies leased 3,486 square feet of retail space in Westlake Shoppes, 835 Beachway Drive. The tenant was represented by Bill French of Cassidy Turley. The landlord, StanCorp Mortgage Investors LLC, was represented by Jim Karozos and Ron Mannon of Lee & Associates.
-Metamorphoo Inc. leased 1,534 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.
-Hairspray extended by three years its lease for 1,407 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.
-Rose Nails extended by five years its lease for 1,400 square feet of space at Washington Corner, 9900 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.
-Liberty Tax Service extended by three years its lease for 1,400 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.
-Reena’s Threading Eyebrows leased 1,200 square feet of space at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy. The tenant represented itself.
-Sigman Cleaners leased 900 square feet at North Willow Commons, 1410-1518 W. 86th St. The landlord, The Broadbent Co., was represented by Broadbent’s Ray Bunes. The tenant represented itself.
-Lizabeth Fitzgerald and Marlene Sharpe leased 840 square feet at Lake Plaza Office Park, 6801 Lake Plaza Drive. The landlord, Lake Plaza LLC, was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The tenant represented itself.
Sales/acquisitions
Henry Amalgamated LLC bought a 6,000-square-foot industrial building at 903 E. Ohio St. The price wasn’t disclosed. The buyer was represented by Bill Brennan of Lee & Associates. The seller, Ohio Pine Properties LLC, was represented by Sandra Jarvis of IndySquared Commercial Properties.
Correction
Agrium Advanced Technologies leased 17,840 square feet at the Jefferson Building, 5945 W. 84th St. The tenant was represented by Dustin Looper of Colliers International. The landlord, Northwest Industrial Centre LLC, was represented by Bart Book and Donald Treibic of Cassidy Turley. The tenant’s name was incorrect in last week’s Real Estate Weekly.
Lilly agrees to buy European animal health company
Elanco, the animal health division of Eli Lilly and Co., has agreed to acquire Jannsen Animal Health, a subsidiary of New Jersey-based Johnson & Johnson, pending regulatory approval. Financial terms of the deal were not disclosed.
More talks don’t resolve Indiana House boycott
More talks between the Republican and Democratic leaders of the Indiana House might be inching the two sides closer to resolving the now three-week-long boycott by Democratic legislators.
