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‘Clean energy financing districts’ face tough sell at Statehouse

February 8, 2011

Districts would finance solar panels and other clean-energy projects through special tax levies on participating properties.

n/Frame investing $2 million in disaster-recovery center

February 8, 2011

Carmel-based company is building the 15,000-square-foot facility at its headquarters to consolidate operations. The new center should be ready by May.

HHGregg reports higher profit, lower same-store sales

February 8, 2011

The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.

Jumping the opening night gun: ‘Spider-Man’ and beyond

February 8, 2011

Should critics wait until the official opening night?

Lilly collaboration with outside researchers yields first deal

February 8, 2011

Eli Lilly and Co.’s PD2 project attracted 30,000 compounds from researchers in 26 countries. And Lilly scientist Alan Palkowitz said it’s just the first of many such collaborations.

Indiana teachers to rally at Statehouse

February 8, 2011

Indiana teachers are planning a rally at the Statehouse to support public education and denounce proposals backed by Republicans who control the House and Senate.

Technicality delays council’s North of South vote

February 8, 2011

A technicality caused the City-County Council on Monday night to put off a final vote on the massive North of South mixed-use project slated to be built on 14 acres north of the Eli Lilly and Co. corporate campus.

North of South ready for next steps

February 7, 2011

Now that financing for Buckingham Cos.’ massive North of South project has the city’s blessing, the local developer is turning its full attention to construction of the 14-acre, mixed-use complex. The City-County Council last night approved the sale of $98 million in municipal bonds that will finance the bulk of the $155 million project. Construction […]

Lawmakers pass bill to expand vote centers

February 7, 2011

The Indiana General Assembly has passed its first bill of the 2011 legislative session: a proposal to allow any Indiana county to use centralized vote centers instead of neighborhood polling precincts.

Indiana House budget leader expects plan next week

February 7, 2011

The House Ways and Means Committee began taking public testimony Monday about the two-year state budget plan after four weeks of hearings with state agencies and universities.

Construction

February 7, 2011

The Mattingly Corp. has completed a 2,800-square-foot interior renovation for Hanger Orthopedics at 1330 N. Illinois St.

People

February 7, 2011

–Gary Perel has joined Newmark Knight Frank Halakar as senior vice president, retail division.  

–Bruce E. Asper has joined Newmark Knight Frank Halakar as vice president, office division.

Residential

February 7, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 11.3 percent for the week ended Jan. 28, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.81 percent from 4.80 percent the previous week. The rate for 15-year mortgages increased to 4.13 percent from 4.12 percent.

Leases/leasing contracts

February 7, 2011

-Performance Bicycle Shop leased 11,500 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road, Greenwood. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate.  The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-Health Systems International renewed its lease for 7,979 square feet at Castle Creek VI. The tenant was represented by Mark McDermott of CB Richard Ellis. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-CVS Pharmacy leased 6,787 square feet at 175 N. Illinois St.. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Allison Tiefel of Cassidy Turley.  

-C-2 Supply leased 6,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ralph Balber of Newmark Knight Frank Halakar. The tenant represented itself.

-St. Vincent Hospital Physician Network renewed its lease for 5,702 square feet at 11530 Allisonville Road. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Bendrew Development LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-J. Allan Hall & Associates leased 5,250 square feet of office space at Circle Tower, 55 Monument Circle. The landlord, FT Circle Tower LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented self.

-ETI leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Brooke Augustin and Drew Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing, LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.

-The Travel Agent Inc. leased 3,439 square feet at Lakeside Corporate Center, 630 West Carmel Drive, Carmel. The tenant was represented by Thomas M. Osborne and Matt Moore of Colliers International. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CB Richard Ellis.

-Indiana Farm Bureau Insurance leased 3,200 square feet at Avon Commons, 10427 E. U.S. Highway 36, Avon. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, Aviana Co. 3 LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-Meridian Radiology leased 3,123 square feet at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mike Cole and Steve Wolkoff of Dury Investment Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.

-Aqua Indiana leased 2,720 square feet at Castle Creek V. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Indiana Bond Bank leased 2,445 square feet at 10 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.

Sales/acquisitions

February 7, 2011

-IL & IN Restaurant Realty bought 1.35 acres at 9750 North by Northeast Blvd., Fishers. The price was not disclosed. The buyer, the central Indiana franchisee for International House of Pancakes, is beginning construction of an IHOP at the site. The buyer was represented by Chris Hake and Tony Orlando of Thompson Thrift. The seller, Kincaid Holdings LLC, represented itself.

-MJT Management bought three-quarters of an acre at the southeast corner of Southport Road and Rampart Drive in front of a Meijer store. The price was not disclosed. The buyer, which plans to build a Rally’s restaurant on the site, was represented by Chris Hake of Thompson Thrift. The seller, Meijer Stores Limited, represented itself.

-Resource Planning Group bought a 1,400-square-foot business condo at 12574 Promise Creek Lane, Fishers. The price was not disclosed. Both the buyer and seller, Promise Road Business Park, were represented by Paul Dick of Colliers International.

Driver flees after slamming into home

February 7, 2011

The search is on for the driver who crashed an SUV into a south-side Indianapolis home on Saturday and then drove away. Warren Beal said he heard loud crashing noises as he and his fiancee slept at their home in the 3900 block of Carson Avenue. Moments later, the driver took off. During the getaway, the driver caused more damage to the yards of other neighbors. The whole incident may have been caught on surveillance camera.
 

City adds help for snow removal

February 7, 2011

The Indianapolis Department of Public Works has called in more than 200 contractors to help clear ice and snow from neighborhood streets, the city said Sunday. City crews will focus on main and secondary streets, while the contractors will focus on connector streets and residential neighborhoods.
 

Dallas lessons should strengthen Super Bowl in Indy

February 7, 2011

There’s a lot Indianapolis can learn from the folks in Dallas about hosting a Super Bowl. One of the biggest lessons: Plans are important, but they’re not everything.

Council to vote on funding for North of South project

February 7, 2011

The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a portion of the controversial $155 million development.

Emmis decision to pay CEO legal fees illegal, financier says

February 7, 2011

Alden Global Capital, a firm Emmis CEO Jeff Smulyan is suing for backing out of a deal to finance his efforts to take Emmis private, charges that a $200,000 loan Emmis made to pay his legal fees violates the Sarbanes-Oxley Act.

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