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How federal pork suppresses business

June 15, 2010

A Harvard study shows companies suffer when politicians deluge their states with federal dollars.

NBA union boss says owners’ loss claims are “baloney”

June 15, 2010

As the city's Capital Improvement Board negotiates a lease deal with the Indiana Pacers, NBA Players Association chief
Billy Hunter claims league owners are being less than forthright about their financial status.

JMV already boosting The Fan’s ad revenue

June 15, 2010

Even before ratings arrive, WFNI-AM 1070 officials said they have signed two major advertisers this month due to the recent
hire of new afternoon host JMV.

Report says Blue Cross worst in insurance claim accuracy

June 15, 2010

One in five medical claims is processed inaccurately by commercial health insurers—and a unit of Indianapolis-based
WellPoint Inc. does even worse—often leaving physicians shortchanged, according to the nation's largest doctor's
group.

Young workers help Indiana parks during cutbacks

June 15, 2010

Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal
workers with important maintenance work at many of the state’s 24 state parks and dozens of other properties.

Housing

June 14, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 12.2 percent for the week ended June 4, according
to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.81 percent from 4.83 percent the previous
week. The rate for 15-year mortgages increased to 4.26 percent from 4.24 percent.

Construction

June 14, 2010

-Kort Builders started construction of a 2,400-square-foot restaurant space for Dunkin Donuts at 5620 N.  Michigan Road.

-Kort Builders started an exterior remodeling for Mr. Wise Buys Flooring at 4640 Lafayette Road.

People

June 14, 2010

Dawn Lyon, formerly of Veritas Realty, has started Site Link Commercial Realty Inc.

Sales/acquisitions

June 14, 2010

Donatos Pizza sold a 2,793-square-foot building on one-acre of land at 16940 Clover Road, Noblesville, to Farmers Bank. The
price wasn’t disclosed. The seller was represented by Jeff Hubley of Midland Atlantic. The buyer was
represented by Michael House of Peacock & Associates.

Leasing/leasing contracts

June 14, 2010

-Third-party logistics provider OHL leased 507,544 square feet at 281 Airtech Parkway, Plainfield. The tenant was represented by Andrew Morris, Jeremy Woods, Matt McGrady and Jon Shuel of Summit Realty Group and Randy Wolcott of Brentwood, Tenn.-based ProVenture. The landlord, ProLogis, represented itself.

-NETech Corp. leased 14,846 square feet at Carmel Tech Center, Building III, Carmel. The tenant was represented by Zane Brown of CB Richard Ellis. The landlord, Atapco Carmel Inc., was represented by John Vandenbark and Dan Richardson of CB Richard Ellis.

-American Surety Co. leased 10,737 square feet in Parkwood One, 250 E. 96th St. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, Duke Realty, represented itself.

-Cassidy Turley leased 4,480 square feet at Market Tower, 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by David A. Moore and Andrew D. Martin of Cassidy Turley. The tenant represented itself.

-Shebella’s Pizza & Deli leased 3,280 square feet at Indy Pavilions, 7035 E. 96th St. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.

-Fishers Urgent Care leased 2,800 square feet of retail space at Fishers Corner Shopping Center, 11680 Commercial Drive, Fishers. The landlord, Sena Realty FC  LLC, and tenant were represented by Adam Crockett of Innovative Real Estate Inc.

-Brain Balance leased 2,020 square feet of retail space in Park Meridian, 9510 N. Meridian St. The tenant was represented by Del DeMao of Cassidy Turley and Andrew Clifford of Clifford Realty. The landlord, Landmark Properties Inc., was represented by Russell VanTil of Cassidy Turley.

-Urthtones Salon & Spa leased 1,848 sqare feet of retail space at Fishers Corner Shopping Center, 11680 Commercial Drive, Fishers.  The landlord, Sena Realty FC  LLC, and tenant were represented by Adam Crockett of Innovative Real Estate Inc.

-Tuchman Cleaners renewed its 1,908-square-foot lease at Northbrook Shopping Center, 1475 West 86th St. The landlord, 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Subway leased 1,720 square feet at Precedent Retail Center, 3855 E. 96th St. The tenant and landlord, The Retail Center at Precedent Park LP, were represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Edward Jones leased 1,477 square feet at 8440 Woodfield Crossing. The tenant was represented by Darrin L. Boyd of Cassidy Turley. The landlord, Woodfield II & III LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.

-Kiss Kiss Bang Bang  leased 1,300 square feet at Fishers Town Center, 116th Street and Fishers Point Boulevard, Fishers. The landlord, The Broadbent Co., was represented by Brian Broadbent. The tenant represented itself.

Washington Square area getting first new retail strip in three years

June 14, 2010

Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.

Auction to sell items from former money manager

June 14, 2010

The court-ordered auction includes a motorboat, jet ski and a $30,000 diamond ring, as well as a motorcycle that Marcus Schrenker
used to flee police.

Tax hike could be up for a vote in Zionsville

June 14, 2010

Zionsville residents could soon be asked to vote on a tax levy to increase school funding. The school district’s superintendent
plans to ask the school board Monday night to approve putting a referendum on November’s ballot. The money is needed
to support the district's general operating budget. If the board votes for the idea, leaders will decide how much of a
tax increase to seek.
 

Fire contained at chemical plant

June 14, 2010

Indianapolis firefighters needed 20 minutes to control a chemical fire at Superior Solvents and Chemicals, 400 W. Regent
St., Monday morning. A worker was pouring caustic soda beads into a 1,000-gallon tank of methanol when the chemicals flashed
and caught insulation above the tank on fire. No one was hurt or exposed to the chemicals.
 

Flooding hits Morgan County

June 14, 2010

Water rescue crews are looking for people stranded by flood waters in about 25 homes northwest of Martinsville, which has
been hit by heavy rains. Morgan County officials expect the situation to get worse before it gets better as more rain is predicted
Monday. Fox59 will have more at 4 p.m.
 

Lucas Oil lube shop ‘on hold’

June 14, 2010

Company announced plans in May 2009 for a $2 million lube shop and car wash in Avon. But more than a year later, work hasn’t
started.

Local artist Knabe lands in Indiana Design Center

June 14, 2010

Walter Knabe, this year’s official artist of the Indianapolis 500, will set up shop this summer in the Indiana Design Center,
part of the Carmel’s Arts and Design District.

U.S., Indiana mint production wilts with foreign competition

June 14, 2010

Decades ago, Indiana, Michigan and Wisconsin were the top U.S. mint producers, but the heart of U.S. production is now in
the Pacific Northwest. Over time, as small mint farms shut down, Indiana has fallen to fourth.

Holiday World president Will Koch dies at 48

June 14, 2010

Koch, 48, led the amusement park for 20 years, during which time it added a water park and several world-class roller
coasters.

You-review-it Monday

June 14, 2010

What did you see, hear or otherwise experience this weekend?

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