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Remy International considering stock offering, CEO says

January 25, 2011

Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.

State lawmakers to take on unemployment insurance

January 25, 2011

Businesses with a history of laying off employees would pay more in unemployment insurance costs, and workers in industries where layoffs occur regularly would receive lower benefits under a bill Indiana lawmakers are preparing to take up.

St. Louis firm pursuing local retail, industrial properties

January 24, 2011

Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.

State House exempts bars from smoking ban bill

January 24, 2011

Casinos were already exempt from the proposal, but on Monday the House voted 56-33 to also exempt bars that don't allow anyone under age 21 to enter.

smoking

Construction

January 24, 2011

-Charles C. Brandt Construction Co. recently completed a 3,000-square-foot office expansion for Commonwealth Engineers Inc. at 7256 Company Drive.

-Kort Builders has started construction of a 1,600-square-foot retail space for Diva Nails at 11434 Olio Road, Fishers.
 
-Kort Builders has started construction of a 2,060-square-foot restaurant space for Boondogglers Restaurant at 65 Boone Village, Zionsville.

Residential

January 24, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 5 percent for the week ended Jan. 14, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.77 percent from 4.78 percent the previous week. The rate for 15-year mortgages increased to 4.16 percent from 4.15 percent.

Leasing/leasing contracts

January 24, 2011

-The Family & Social Services Administration renewed its lease for 86,000 square feet at 2525 Shadeland Ave. The tenant was represented by R.J. Rudolph and Tim O’Brien of Colliers International. The landlord, Norry Management, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Arlington/Roe leased 21,089 square feet at 8900 Keystone Crossing. The tenant was represented by Rick Trimpe of CB Richard Ellis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.    

-Planet Fitness leased 19,260 square feet at North Willow Mall, 2302 W. 86th St.   The tenant was represented by Bart Jackson of Lee & Associates. The landlord, Township 86th Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate.   

-Flaherty & Collins Inc. leased 12,871 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.    

-Slingshot SEO leased 11,576 square feet at 8900 Keystone Crossing. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.  

-Horizon Planning Group leased 9,344 square feet at 9000 Keystone Crossing.  The tenant was represented by Andrew Follman of Meridian Real Estate. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Investors Titlecorp leased 6,392 square feet at 111 Congressional Blvd., Carmel. The tenant was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The landlord, Technology Center Associates LP, was represented by Mike Napariu of REI Real Estate Services.

-3DT Holdings leased 5,637 square feet at 251 N. Illinois St. The tenant was represented by Lynn S. Fischer of Fischer & Associates Inc. The landlord, Indiana Secondary Market for Education Loans Inc., was represented by Ryan Conrad of Colliers International.

-Stewie’s Family Pub leased 3,200 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Bart Jackson of Lee & Associates.  The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Dr. Ronald Banta, D.P.M., Inc. renewed its lease for 2,789 square feet of space at Keystone Office Park, 3077 E. 98th St., Suite 100. The tenant was represented by Conrad Jacobs and Matt Kiger of Newmark Knight Frank Halakar. The landlord, BREOF Keystone, was represented by David Moore of Cassidy Turley.

-Jet’s Pizza leased 2,100 square feet at Colby Shoppes, 954 N. State Road 135, Greenwood. The tenant was represented by Lynn S. Fischer of Fischer & Associates Inc. The landlord, KLC Realty, was represented by Colliers International.

-Dr. Jay Hollander, DDS, PC, renewed its lease for 1,900 square feet at 1255 W. 86th St. The tenant was represented by Debbie Shumate Johnson of Alliance Commercial Real Estate. The landlord, Prime Property Investors Fund VIII, was represented by Fred Frisch of Prime Property Investors.    

-Flourish Yoga LLC leased 1,866 square feet of retail space in Fall Creek Harbour Shoppes, 10138 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Massey Martial Arts Academy LLC leased 1,585 square feet of retail space in Fall Creek Harbour Shoppes, 10114 Brooks School Road, Fishers. The tenant was represented by Rich Block of Paragon Realty LLC. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Foster Contracting LLC 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.

Sales/acquisitions

January 24, 2011

-Financial Equity Associates, a Merrillville-based private investor, recently bought the 202-unit Bayhead Village apartments near West 38th Street and Bayhead Drive. The price wasn’t disclosed. It was the buyer’s third acquisition here since 2007 and the second in 2010. The buyer and seller, Apartment Investment and Management Co., were represented by Tikijian Associates.

-Doheny Indianapolis Properties LLC bought a 19,168-square-foot industrial building at 4937 Fieldstone Drive, Whitestown. The price wasn’t disclosed. The buyer was represented by Steve Beals of Lee & Associates. The seller, Valenti Held Real Estate Group, was represented by Michael Weishaar of Cassidy Turley.

-Gridiron Real Estate LLC bought a 12,000-square-foot office building at 4435 Southport Crossings Way. The price wasn’t disclosed. The buyer was represented by Spero Pulos of Lee & Associates. The seller, P&M Property Management LLC, was represented by Keith Turnbill of Re/Max Select.

-Velox Express Inc. bought a 5,235-square-foot office building at 243 S. Madison Ave., Greenwood. The buyer and seller, Perfectionheir Properties LLC, were represented by Cathy Richards of Lee & Associates.

Correction

January 24, 2011

Clifford Realty was misidentified in a lease listing last week for MacKenzie River Pizza Co.

Superhero collection fetches $70,000 at auction

January 24, 2011

Snow clogs morning traffic

January 24, 2011

Light snow falling throughout the Indianapolis area snarled traffic for many commuters Monday morning and caused several school delays in surrounding counties. Snow is expected to taper off later in the day as temperatures climb, but a mix of light freezing drizzle is possible at times during the afternoon.
 

Campaign launched for cash-strapped district

January 24, 2011

Voters in the Center Grove school district in Greenwood overwhelmingly rejected a property-tax hike in a referendum last November, leaving the 7,000-student district facing $1.6 million in budget cuts. Now, the Center Grove Education Foundation has launched a fundraising campaign to help make up the shortfall. “If everybody in our community who voted yes for our referendum donated $250, we’d have over a million [dollars],” said Chris Osborn, chairman of the campaign. The campaign will allow supporters to designate the programs they want their donations to benefit.
 

City offers another parks facility for lease

January 24, 2011

Indy Parks & Recreation officials on Monday issued a request for proposals from entities interested in leasing the Riverside Marina facility near 30th Street and White River Parkway.

Officer in critical condition after shooting

January 24, 2011

An Indianapolis police officer was in critical condition at Wishard Hospital Monday morning after being shot twice in the head during a traffic stop on the northeast side Sunday morning. Police said they have captured the man responsible for the crime. Police believe the suspect, 60-year-old Thomas Hardy, also robbed a Dollar General store in the 1800 block of South Emerson Avenue less than an hour after the shooting. Hardy has a long list of prison convictions for theft, battery and drug possession dating back to at least 1984.
 

Ritter’s Frozen Custard franchisees reopening stores

January 24, 2011

As a new owner revamps the Ritter’s business plan, at least four of the frozen custard stands in the area have either opened or are set to reopen in the same locations where they previously operated.

Vanderbilt rejected by high court on Cialis patents

January 24, 2011

Supreme Court justices on Monday left intact a ruling throwing out a lawsuit pressed by the Nashville, Tenn., university against Eli Lilly’s Icos subsidiary.

Mayor OKs school for students with learning disabilities

January 24, 2011

If approved by the City-County Council, the new Damar Charter Academy would open later this fall. It would specialize in students with significant cognitive, behavioral or developmental challenges, including those on the autism spectrum.

Zionsville retirement village plans $32 million expansion

January 24, 2011

Hoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand its campus and allow the center to add 50 full-time workers.

UPDATE: Panel OKs bill to expand Indiana charter schools

January 24, 2011

A proposal to expand charter schools and allow them to share transportation money with traditional public schools in Indiana has cleared a legislative committee, despite complaints from minority Democrats.

You-review-it Monday: Palladium, anyone?

January 24, 2011

What did you see, hear or do this weekend?

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