Pedcor angling for $16M subsidy for City Center expansion
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
I never tire of pizza. And there are enough subtle and not-so-subtle variations on the American/Italian staple that it never seems to get boring.
-Capitol Construction has completed a 3,000-square-foot office build-out for Lee Ford at 11595 N. Meridian St., Carmel.
-Capitol Construction has completed a 4,700-square-foot restaurant for The North End at 1250 E. 86th St.
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
North End Barbecue & Moonshine, Ryan Nelson’s latest entry on the local culinary scene, offers traditional American barbecue from different regions of the country.
Carmel-based Old Town Development LLC is planning to transform the former Sunrise Golf Club into a residential community targeting empty nesters.
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
The developer of a commercial project planned at State Road 37 and 146th Street is seeking a zoning change to add a 350-unit apartment complex to the mix.
-Kort Builders has completed a 2,400-square-foot build-out for Coalition Pizza at 365 W. 116th St., Carmel.
-Kort Builders has completed a 3,000-square-foot build-out for Ossip Optometry at 1583 W. Oak St., Zionsville.
-CISolutions leased 20,307 square feet of industrial space at 3169 N. Shadeland Ave. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, First Industrial Realty Trust, was represented by Todd Vannatta of Cassidy Turley.
-3xLogic Inc. leased 14,182 square feet of industrial space at 9880-9896 E. 121st St., Fishers. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-Electric Power Systems International Inc. leased 4,000 square feet at the Pendleton Trade Center, 3912 Pendleton Way. The tenant was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The landlord, Mann Properties, was represented by Debbie Mann.
-Fishers Imports subleased the 3,500-square-foot former Key Bank branch on 126th Street, Fishers. The tenant was represented by Chris Hake of Thompson Thrift Development. The sublandlord, Key Bank, was represented by Jared Kately of JLL.
-Ultra Athlete LLC leased 3,500 square feet of office space at 11595 N. Meridian St., Carmel. The tenant was represented by Christopher Carmen of Carmen Commercial Real Estate Services Inc. The landlord, eSkye Solutions Inc., was represented by Michael Semler of Cassidy Turley.
-CIMA Energy LTD leased 2,657 square feet of space at 9245 N. Meridian St. The tenant was represented by Kelly Williams of ReMax. The landlord, Echo Associates LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-ManpowerGroup US Inc. leased 2,386 square feet of office space at 11350 N. Meridian St., Carmel. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, HUB Properties GA LLC, was represented by Thomas Hadley and Matt Waggoner of Summit Realty Group.
-VFA Inc. leased 2,150 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Andrew Follman of NAI Meridian Real Estate Services. The landlord, Jim Sourwine, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-BoMar Pneumatics leased 1,800 square feet of industrial space at 5755-5857 W. 74th St. The landlord, CrossLake Properties LLC, was represented by Todd Vannatta and Fritz Kauffman of Cassidy Turley. The tenant represented itself.
-Brew By U leased 1,600 square feet at Meridian Meadows, 3021 Meridian Meadows Road, Greenwood. The tenant was represented by Barbara Dunn-Stear of KW Commercial, Indy Metro Partners. The landlord, Meridian Meadows LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
ITT Educational Services Inc. stock plunged more than 31 percent Thursday after it announced that it spent an extra $43.7 million in the first quarter to cover mounting losses on private student-loan programs.
The Energy Department predicts retail power prices will rise 4 percent on average this year, the biggest increase since 2008. By 2020, prices are expected to climb an additional 13 percent, a forecast that does not include the costs of coming environmental rules.
Indiana attorneys stay up at night worrying that their ads will run afoul of state rules that they consider unclear and unevenly enforced. But there’s a solution in the works.
The Indiana Economic Development Corp. is giving Mainstreet Property Group an economic development grant of $345,000 for the construction of a nursing home in Terre Haute that is expected to net House Speaker Pro Tem Eric Turner $1.8 million.
On top of that, upstart specialty grocer Fresh Thyme sets opening for its first Indiana store, while 100-year-old Brenner Luggage prepares to close one of its northeast-side locations.
The Carmel-based question-and-answer service cut its 18-month-old social media division, Social Reactor, after a rate algorithm change at Google slashed the division’s revenue from advertising.
Carmel-based Baker’s Edge may not have landed an investment on the season finale of ABC hit “Shark Tank,” but co-founder Matt Griffin nevertheless feels good about the experience.
Minnesota-based UnitedHealth Group Inc. will make the prices it pays for health care services available to consumers on the Internet, according to Bloomberg News. The effort, organized by the Health Care Cost Institute, will include two other insurers, Louisville-based Humana Inc. and Hartford, Conn.-based Aetna Inc. They will make public a “reference price” for health services in local communities, based on aggregated data from insurers. Customers of each insurer will get more precise information about prices, including how much they’ll have to pay out of pocket. Indianapolis-based WellPoint Inc. has been working recently to make prices available to its customers via a partnership with Castlight Health, a San Francisco-based software firm.
Eli Lilly and Co. lost a United Kingdom lawsuit over its Alimta lung cancer treatment but plans to appeal, according to Bloomberg News. A judge ruled May 15 that a generic version of Alimta, planned by Actavis Plc, doesn’t breach European patents. Indianapolis-based Lilly, which had first quarter sales of $632 million from Alimta this year, has fought lawsuits across the globe to protect patents related to the product. In March, a U.S. District Court upheld a patent regarding vitamin dosage in a dispute with Teva Pharmaceutical Industries Ltd. Some European patents for Alimta expire in December 2015, and Actavis is seeking regulatory approval for a rival treatment, according to a written decision by Judge Arnold handed down in London. Lilly said in its statement that it had won an Alimta patent case in Germany earlier this year. The company said it expected European patents related to vitamin dosage to remain in force until 2021.
Purdue University trustees authorized the completion of a $54 million flex lab, to be built south of the Birck Nanotechnology Center in Purdue’s Discovery Park. The 75,000-square-foot lab will be financed with up to $38 million in proceeds from bonds, up to $13.5 million in gift funds and up to $2.5 million in university central reserve funds. Also, the trustees OK’d a $14 million, 32,000-square-foot expansion of Jischke Hall to enhance the university's biomedical engineering research capabilities. Purdue will also spend $10 million to construct a 25,000-square-foot center for seed processing and analysis, and will spend $8.2 million to expand its Zucrow Laboratories to add 14,600 square feet of space.
HR Dimensions LLC has acquired by Chicago-based WIA Group to form HRD Advisory Group LLC. The merger gives HRD a practice that covers all types of employer insurance, including health benefits, as well as risk management consulting services. The combined firms will continue to operate out of HR Dimension’s offices in Carmel.
Cincinnati’s famed Graeter’s ice cream is continuing its northern expansion, with plans for a location in Fishers.