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From the blog roll: ticket discounting, Conan and more

November 9, 2010

It's been a little while since I pointed you toward some highlights from the blog roll. Here, A&E interested parties, are some of the subject that the web is chattering about.

Latest Startup Weekend offers twist for entrepreneurs

November 9, 2010

Unlike past events in Indianapolis, this one features a panel of judges who will select a winning business idea, enabling a team to compete in a global online contest against other winners from cities worldwide.

Moody’s downgrades long-term ratings for Eli Lilly

November 9, 2010

Moody’s Investors Service on Monday lowered the long-term ratings of Lilly one notch, to A2 from A1, citing a wave of patent expirations the drugmaker faces in coming years.

HHGregg shares swoon after quarterly report

November 9, 2010

HHGregg Inc.’s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.

Arson ruled out in $7M fire at airport hangar

November 9, 2010

The Indianapolis Airport Authority leases the hangar to ComLux Aviation Services, which uses it to maintain and refurbish business aircraft.

Study: Substance abuse treatment costly for state

November 9, 2010

A study at the Center for Health Policy at IUPUI found that 66 cents of every dollar the state spends on services related to substance abuse goes toward health care while only 1 cent goes toward prevention or intervention.

Indianapolis, U.S. reach deal on sewage overflows

November 9, 2010

The new plan includes an accelerated construction schedule for the city’s efforts to reduce sewage overflows from systems that carry both storm runoff and sanitary waste.

Duke fires Indiana chief, lawyer after ethics flap

November 9, 2010

Duke Energy Corp. has fired the president of its Indiana operations and a staff attorney following an ethics flap over its dealings with state utility regulators.

Redevelopment planned for vacant car dealership

November 8, 2010

The 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.

City names new controller, communications director

November 8, 2010

Jeff Spalding, a former financial administrator at the Indiana Commission for Higher Education, has been named controller for the city of Indianapolis.

Dealer Expo returning to Indianapolis through 2016

November 8, 2010

Massive powersports trade show Dealer Expo has committed to keep its annual event in Indianapolis through at least 2016—extending its stay by five years.

Citigroup subsidiary agrees to $717,000 Indiana fine

November 8, 2010

The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.

Carmel teen still missing in Louisville

November 8, 2010

A Carmel couple is still searching for their 18-year-old son, a student at Sullivan University in Louisville who disappeared Oct. 28. Louisville police say Andrew Compton left his dorm room that day to meet a 40-year-old man he met on the Internet, but they have no evidence of foul play and have not named the man a suspect. The parents say the police aren’t doing everything they can to find their son.

Filling Fong’s outsized shoes at Butler

November 8, 2010

University trustees will ask the next president to continue building on The Butler Way.

Purdue to honor pilot Sullenberger

November 8, 2010

Purdue University is preparing to toast graduate Chesley "Sully" Sullenberger, the pilot who safely landed a jetliner on the Hudson River last year. Sullenberger will receive a Distinguished Alumnus Award from Purdue's College of Liberal Arts Nov. 12. Sullenberger's visit will include a campus book signing. Sullenberger earned a master’s degree in industrial psychology from Purdue in 1973.

Emergency crews fight big mulch fire

November 8, 2010

Nine fire departments fought a massive fire at a mulching business in Morgan County early Monday. Fire crews were called to Greendell Mulch and Mix on State Road 42 between Mooresville and Monrovia about 1 a.m. The owner of the business attempted to extinguish the flames himself with a bulldozer, but was unsuccessful. Crews have the fire contained and no injuries were reported.

Housing

November 8, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5 percent for the week ended Oct. 29, according to the Mortgage Bankers Association. The rate for 30-year mortgages rose to 4.28 percent from 4.25 percent the previous week. The rate for 15-year mortgages decreased to 3.64 percent from 3.67 percent.

Leasing/leasing contracts

November 8, 2010

-Blackmore & Buckner Roofing leased 54,000 square feet at 1504 Sadlier Circle, South Drive. The tenant was represented by Tony Hupp and Cam Kucic of Summit Realty Group. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale and John Hanley of CB Richard Ellis.

-Indy Powder Coating leased 28,500 square feet of industrial space at 4300 W. 10th St. The tenant was represented by Kevin Kempf of Cassidy Turley and J.D. Graves of CB Richard Ellis. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.

-Harvest Scents & Traders LLC leased 25,646 square feet of industrial space in Crosspoint II, at 9900 Westpoint Drive. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-PSC Industries Inc. leased 22,400 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Kevin Kempf of Cassidy Turley. The landlord, Western Select Properties, was represented by Greg Folz and Michael Weishaar of Cassidy Turley.

-Indiana Business Bank renewed its lease for 6,399 square feet at 250 E. 96th St., Suite 100. The tenant was represented by Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, Duke Realty, represented itself.

-Zeta Beta Tau leased 4,305 square feet at Ten Fortune Park, 3905 Vincennes Road. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, IMG Realty Trust III, was represented by Ralph Balber and Matt Kiger of Halakar Real Estate.

-Anesthesia Consultants of Indianapolis leased 3,000 square feet at Sycamore Springs Office Park, 4725 Statesman Drive, Suites C & D.  The landlord, MSE Realty, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.

-Dynatemp Inc. renewed its lease for 3,000 square feet 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.

-Lewis and Wilkins LP leased 2,100 square feet of office space at Fall Creek Shoppes, 11206 Fall Creek Road. The tenant was represented by Brian Augustin of NAI Olympia Partners. The landlord, Fall Creek Shoppes LLC, was represented by Harvey Levin of Coldwell Banker Commercial Realty Services.

-Genesis Marketing Group Inc. renewed its lease for 1,800 square feet 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.

-Caskey & Daily LLC leased 1,700 square feet at Sycamore Springs Office Park, 4745 Statesman Drive, Suite C. The tenant was represented by Kurt Meyer of Baseline Inc. The landlord, MSE Realty, was represented by Ralph Balber and Ashley Russell of Halakar Real Estate.

-Al Basha Gyros leased 1,600 square feet of retail space in Broad Ripple Station, 1045 Broad Ripple Ave. The tenant was represented by Ron Mannon and Scott Herider of Lee & Associates. The landlord, LOR Corp., represented itself.
    
-Lasting Impressions/Jackson Concrete renewed its lease for 1,200 square feet 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

November 8, 2010

-MultiTech Realty LLC bought a 32,000-square-foot industrial building at 946 Western Drive. The price wasn’t disclosed. The buyer was represented by Jason Speckman of NAI Olympia Partners. The seller, Nistem Precision Inc., was represented by Luke Wessel of Cassidy Turley.

-Platinum Group LLC bought a 348-unit apartment complex at 4100 N. Post Road. The price wasn’t disclosed. The buyer was represented by Scott Herider of Lee & Associates. The seller, Oaktree Apartments LLC, was represented by Rick Vidrio and Rick Brace of Hendricks Partners.

Eagles’ lack of class gives team, NFL black eye

November 8, 2010

The behavior of Philadelphia Eagles players as Indianapolis Colts receiver Austin Collie lay motionless on the ground during Sunday's game was enough to make fans' stomachs turn.

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