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State’s next economic initiative to revolve around military

December 29, 2010

Indiana economic-development officials are in the beginning stages of forming a marketing initiative—dubbed the Indiana Center for Complex Operations, or ICCO—to market the state’s budding defense sector.

Arts endowments bouncing back

December 29, 2010

The stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are keeping the conservative attitude they were forced to adopt two years ago.

People in the news – Jan. 3, 2011

December 29, 2010

People listings are free.

Construction

December 29, 2010

-Kort Builders has started construction of a 2,000-square-foot office for Decatur Vein Clinic at 105 South Raceway Road, Suite 135.

-Kort Builders has completed a 2,000-square-foot retail space for Younique Botique at 9254 U.S. 36, Avon.

-Kort Builders has completed a 3,000-square-foot restaurant space for Ale Emporium at 8617 Allisonville Road.

People

December 29, 2010

Butch Stanifer has joined Bridge Real Estate Advisors Inc.’s office advisory team as senior adviser.

NFP of NOTE: Net Literacy

December 29, 2010

Net Literacy increases digital inclusion and digital literacy for all Americans while providing student volunteers life skills, job skills, and an opportunity to participate in service to their community.

Leases/leasing contracts

December 29, 2010

-Harris and Ford leased 45,000 square feet of industrial space at 6635 E. 30th St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Indianapolis NI Industrial No. One LLC Inc., was represented by Luke Wessel and Kevin Kempf of Cassidy Turley.

-Wells Fargo leased 14,115 square feet at 300 N. Meridian St.  The tenant was represented by John Crisp of Cassidy Turley. The landlord, University Park Associates LLC., was represented by Mike Napariu of REI Real Estate Services.

-Aurora Bank FSB leased 10,777 square feet of office space at 5920 Castleway West Drive. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.

-E-GINEERING LLC leased 8,900 square feet in Lake Pointe Center 5, 8415 Allison Pointe Blvd.  The tenant was represented by Jenna Barnett of Halakar Real Estate. The landlord, Edgeworth Laskey Properties LLC, represented itself.  

-Black & Co. Inc. leased 8,000 square feet at 1936 S. Lynhurst Ave. The tenant was represented by Dustin Looper of Colliers International. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.

-Liberty Mutual Insurance Co. leased 6,322 square feet of office space at 550 Congressional Blvd. The tenant was represented by Mark Stables of Grubb & Ellis. The landlord, 550 Congressional Boulevard LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley.

-Compendium leased 4,561 square feet of office space at Circle Tower, 55 Monument Circle. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, Winthrop Management, L.P., was represented by Bennett Williams and Pete Anderson of Cassidy Turley.

-Alt Construction LLC leased 1,800 square feet of office space at 8847 Commerce Park Place. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.

-All-Pro Electric leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-ATA Coatings leased 1,500 square feet at 23rd Street Industrial, 2251 N. Dequincy St., Suite D. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.

-Boost Mobile leased 1,200 square feet at Linwood Square, 4317 E. 10th St. The landlord, Kimco Co. of Indiana, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate.  The tenant represented itself.

Sales/acquisitions

December 29, 2010

TCP South Keystone LLC bought the 17,500-square-foot South Keystone Shoppes, 3940 S. Keystone Ave., for $1.04 million. The buyer and seller, K.C. Enterprises, were represented by Brian Southworth, Nathan Whalen and Jordan Klink of Marcus & Millichap Real Estate Investment Services.

Key road projects await busy INDOT

December 29, 2010

The ongoing rehab of Interstate 465 will continue to be the biggest highway project in the metro area in 2011, but the rebuilding of an 11-mile segment on the west side could be all but finished by the end of the year—just when other significant highway projects will get under way in the metro area.

Records – Jan. 3, 2011

December 29, 2010

Records listings from the Jan. 3, 2011, issue of IBJ.

Indy Power sees big potential in grid power storage

December 29, 2010

Three-year-old Indy Power Systems’ first big sale is outside the sizzling, electric car segment. The Noblesville firm has landed a contract with Melink Corp. to supply a 50-kilowatt grid energy storage and peak-shaving system at the company’s Cincinnati headquarters.<

ALTOM: Does Bing have a chance of catching Google?

December 29, 2010

I can’t help it; every time I see the Microsoft search engine “Bing,” I hear Bing Crosby’s voice crooning in my head.

Goodwill angles for donations during weak economy

December 29, 2010

The recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.

BENNER: Grandpa prepares for ‘once upon a time’ in sports

December 29, 2010

I’ve already begun to compose my thoughts for my just-born grandson.

WEB REVIEW: Padding out the functions on your new iPad

December 29, 2010

Judging by the action at the local Apple store, I think it’s safe to assume that many of you rang in 2011 with a new iPad. Here are some things to do with it.

DINING: Jersey’s Cafe satisfies a Jersey boy

December 29, 2010

First in a month-long series of looks at restaurants not far from the new Palladium in Carmel.

LOU’S VIEWS: Book takes kaleidoscopic look at Butler hysteria

December 29, 2010

Thanks to Susan S. Neville’s new book, “Butler’s Big Dance,” I have a better idea of what the campus hysteria was like.

Indianapolis-area transportation programs land federal money

December 29, 2010

IndyGo will accept new applications for funding beginning Feb. 14.

Baker & Daniels attorney to head election board

December 29, 2010

Tenley Drescher-Rhoades predecessor is leaving to become chief of staff for new Marion County Prosecutor Terry Curry.

Former radio host Eddie White joins Indiana Pacers front office

December 29, 2010

The team’s new director of corporate communications will focus on connecting with the local business community.

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