Rusthoven pegged Obama
I enjoyed Peter Rusthoven’s [Sept. 16] column “A president out of his league,” as it nicely characterized both the missteps and blatant lies coming from the Obama administration’s Keystone Cops handling of the crisis in Syria.
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‘Dynamic duo’ boosts Hamilton County tourism
In eight years with the Hamilton County Convention and Visitors Bureau, Executive Director Brenda Myers has morphed her organization into a developer, grant giver and landlord. The strategy appears to be working.
Stonegate Mortgage IPO a test of housing recovery
Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.
Paul Estridge Sr., founder of home builder, dies at 79
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.
Noblesville weighs tax breaks for growing robotics firm
A 10-year-old company that designs and builds robotic systems for industrial clients plans to invest nearly $2 million to build and equip a facility in Noblesville Business Park.
Ex-FBI agent to plead guilty to leaking classified intelligence
Donald Sachtleben, a 55-year-old Carmel resident, admitted being the source for an AP story about an intelligence operation in Yemen that foiled a plot to blow up an airliner.
Car rear-ends Carmel bus
A car rear-ended a Carmel school bus Monday about 7:40 a.m. near Creekside Middle School, injuring the bus driver. Children had already been dropped off at Creekside before the accident near 126th Street and Shelbourne Road. The bus driver was taken to the hospital with unspecified injuries. The driver and a passenger in the car declined treatment.
Tech firm plans to axe 54 workers in Carmel
Stamford, Conn.-based Frontier Communications Corp. said it has automated a number of systems at its collection center at 11799 N. College Ave. and will no longer need the workers.
Leases/leasing contracts
-Jones Lang LaSalle has been named leasing agent for the 110,600-square-foot Chamber of Commerce Building, 320 N. Meridian St. Kevin Gillihan and James Clark of JLL are the leasing representatives.
-Ollie’s Bargain Outlet leased 30,000 square feet of retail space in River Ridge Plaza, 1634-A Scatterfield Road, Anderson. The tenant was represented by Bobby Traynham of Rhino Realty Group. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.-Amarr Co. leased 14,400 square feet of industrial space at 7768 Zionsville Road. The tenant was represented by Michael Weishaar of Cassidy Turley and John Ruffin of Meridian Realty Group. The landlord, Zionsville Indy LLC, was represented by Michael Napariu of REI Investments.
-Architectural Supplements LLC leased 11,555 square feet of industrial space at 7301 Georgetown Road. The tenant was represented by Joe Boarini of Quest Commercial Real Estate LLC. The landlord, Source Interlink Companies, was represented by Grant Lindley of Cassidy Turley.
-Comic Book University leased 4,800 square feet at Greenwood Place, 7623 S. Shelby St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.-Body Mind and Core leased 4,053 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-McFarling Foods leased 4,000 square feet of industrial space at 1234-1246 N. Capitol Ave. The landlord, 1234 N. Capitol LLC, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Mattress Firm Inc. leased 3,500 square feet of retail space in the Shoppes at Smith Valley, 791 State Road 135, Greenwood. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, 791 SR 135 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Shorty's Pub and Eatery leased 2,800 square feet at Washington Corner, 9976-9978 E. Washington St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.
-School on Wheels leased 2,369 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-Art’s Skillet leased 2,326 square feet of retail space in Esquire Plaza, 8255 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Koko Fit Club leased 2,042 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Beth Patterson of Colliers International. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Springleaf Financial leased 1,906 square feet of retail space in Cherry Tree Plaza, 9725 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
Sales/acquisitions
-Westlake Shoppes IN LLC bought Westlake Shoppes, a 8,250-square-foot retail center at 835 Beachway Drive. The seller, 835 Beachway Drive LLC, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.
-North Hill Realty Group bought the 9,068-square-foot former Lotus Garden Restaurant building at 1045 N. Rangeline Road, Carmel. The buyer was represented by Drew Pattyn of Northern Commercial. The landlord, Lotus Investment Co., was represented by Steve Delaney and Craig Ramsay of Sitehawk Retail Real Estate.
-Atlanta-based Radco Cos. bought the 454-unit Lakewood Lodge Apartments at 65th Street and Keystone Avenue. The buyer, which has renamed the complex Ashford at Keystone, and seller, an affiliate of New York-based Lehman Brothers Holdings, were represented by Tikijian Associates.
State loses jobs; unemployment rate declines to 8.1 percent
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
Attorney emerges as key player in international adoptions
Michele Jackson’s quest to stem child exploitation led her into arranging international adoptions.
RCA brand lives on, sans Nipper and Chipper
In a plot right out of Jurassic Park, Thomson Consumer Electronics’ old brands such as RCA and Proscan have been revived from old DNA. They’ve been licensed to companies around the world including Indianapolis-based company that operates as RCA Commercial Electronics.
Work set to begin on Carmel segment of new U.S. 31
A $141 million contract includes interchange improvements at Interstate 465 and new roundabout interchanges at 106th, 116th, 131st and 136th streets.
Shapiro’s site in Carmel draws two bids
Two would-be buyers submitted wildly divergent offers for the former Shapiro’s Delicatessen in Carmel City Center. Bidders also were asked to disclose how they intend to use the property.
Former Thomson site may be ripe for development
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
Indianapolis apartment construction soars skyward
The downtown rental market is booming, but is a slowdown coming?
Arby’s robbed at knifepoint
Two Arby’s employees said they were robbed by a man brandishing a butcher knife, about 10:45 p.m. Tuesday in Carmel. One employee told officers she was outside the fast-food restaurant in the 1200 block of Rangeline Road when a man with a bandana over his face grabbed her and forced her back inside. He took money from a safe and sped off in a stolen 2010 Honda Civic that was recovered nearby.
West Clay commercial building set for sheriff’s sale
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.