Weather blamed for unexpected rise in jobless claims
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
A proposal to add optional toll lanes to parts of Interstates 69 and 65 raises all kinds of questions, such as how to squeeze
more lanes into the crowded I-69 corridor northeast of the city. And it’s debatable whether toll lanes could make more
money than they cost to implement.
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
Overseas sales are a major emphasis for Indianapolis-based Peerless Pump, which makes highly engineered pumps for fire suppression,
factories and waterworks. President Obama’s administration wants to help rebuild the U.S. economy by putting more companies
on Peerless’ trajectory.
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years
in Indianapolis.
After 30 years of government
studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own
plan that includes commuter rail and toll lanes added to congested interstate highways.
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.
Greenwood-based Zimmerman Biotechnologies LLC hopes to become the first company in the United States to make generic insulin,
a long-awaited development in diabetes treatment. The Greenwood Common Council on Feb. 1 will consider an $8.4 million deal
that would finance construction of an insulin factory, as well as help Zimmerman with FDA-approval and equipment expenses.
Locally based The Precedent Cos. in recent months has landed build-to-suit deals for locally based Mays Chemical Co. and Elona
Biotechnologies Inc.
Partners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last
18 months.
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Clarian Health soon will restart work on a new tower at Riley Hospital for Children near downtown Indianapolis and
is set to lift other cost-saving restrictions.
-Gearhead Street Customs leased 15,436 square feet at 5125 Decatur Blvd., Building F, in Ameriplex. The tenant was represented by Ryan C. Kelly of Summit Realty Group. The landlord, Holladay Properties, was represented by Brett Spitzer of NAI Olympia Partners.
-Phoenix Resource Management Inc. leased 9,160 square feet of office flex space in South Park Business Center, 164 South Park Blvd., Greenwood. The tenant was represented by Rick Suja of Summit Realty. The landlord, South Park Group LLC, was represented by Mark Dietel of Royal Companies Inc.
-Recognition Services Inc. leased 5,400 square feet at 8577-8579 Zionsville Road. The tenant was represented by Matt Jackson of Halakar Real Estate. The landlord, Prologis, represented itself.
-SCS Construction Services Inc. leased 3,088 square feet of office flex space in the South Park Business Center, 156 South Park Blvd., Greenwood. The landlord, South Park Group LLC, and tenant were represented by Mark Dietel of Royal Companies Inc.
-The Rezolve Group leased 2,060 square feet of office space at 8465 Keystone at the Crossing. The landlord, 8465 Keystone LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant represented itself.
-TAG LLC renewed its lease for 1,774 square feet at 8200 Haverstick Road. The landlord, Shepard & Poorman Investments LLP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-CBIZ Medical Management Professionals Inc. renewed its lease for 1,726 square feet at 2629 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-Accessible Home Health Care LLC leased 1,402 square feet at 8465 Keystone at the Crossing. The landlord, 8465 Keystone LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant was represented by Andrew Follman of Meridian Real Estate.
-Thomas Pastore PC signed leased 1,098 square feet at 8604 Allisonville Road. The landlord, New Boston Castle Creek LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
-Equalizer renewed its lease for 1,555 square feet at 8606 Allisonville Road. The landlord, New Boston Castle Creek II LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.
At a critical time for series, Indy Racing League VP of Competition Tony Cotman is leaving his full-time post with the open-wheel
circuit to start his own track design firm.
Officials say closing a key Lake County bridge serving casinos, a steel mill and other businesses is costing the state tax
revenues amid other financial losses.
Indianapolis receives a dozen responses to its proposal to privatize management of Lucas Oil Stadium,
the Indiana Convention Center and, perhaps, Conseco Fieldhouse.