Carmel looks at $195 million refinancing package
The Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further development of the massive City Center project.
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Articles
Donors slow to support agencies serving seniors despite growing need
The aging population is expected to generate an explosion in demand for senior services—taxing a network of often thinly funded providers. Executives of such not-for-profits say they often encounter apathy toward senior causes.
Chicago tourism push increases pressure on Indianapolis
Chicago tourism officials earlier this year unleashed a major advertising campaign that threatens to encroach on one of Indianapolis’ primary leisure travel segments. The Second City for the first time ever is marketing itself to other cities in the Midwest, such as St. Louis and Cincinnati, that are key targets for Indianapolis.
Performing arts groups rethink marketing subscriptions
The decline in season ticket sales has forced marketing managers to promote each show individually, which is trickier and more costly.
Some banks beginning to raise dividends
Some of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin increasing dividends.
RENNINGER: Community bankers fret a lot these days
Several strong headwinds make future viability of many smaller institutions a questionable proposition.
Banks angle for customers with Indianapolis operations
Hoosier banks from outside the Indianapolis area are piling into the market with branch locations, and with no let-up in sight.
BROOKS: Replace the onerous act with common-sense policies
Like many Hoosiers, I was disappointed that the Supreme Court upheld the mandate provision of the Affordable Care Act.
WINSTON: A plan to make mass transit a reality
Here in central Indiana, we have the perfect opportunity to make improvements to our mass transit system.
SOUDER: Pence’s, Daniels’ populist subtleties
Steve Goldsmith was one of the brightest men to run for governor of Indiana but he lacked a populist touch.
Carmel police suspect teens in break-ins
Carmel police hope two arrests Monday will end a six-week string of daytime home burglaries. Two of three juveniles were taken into custody after witnesses say they saw them break into the back a home in the Walden Pond neighborhood near 99th Street and Westfield Boulevard at about 10:30 a.m. Before the break-in, the teens knocked on the doors of other homes and asked residents if they had seen a missing dog. Police say the method is similar to the approach used in multiple break-ins this summer in Carmel.
Democratic report blasts for-profit colleges; ITT stock sinks
For-profit colleges put revenues above education, and charge students high tuition and loan rates that could leave them in debt for years, a Senate Democratic report said Monday. Stock in for-profit colleges tumbled after the report.
Groups ask for ethanol law break as corn hits record
Livestock and poultry producers formally asked the Obama administration Monday to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
Leasing/leasing contracts
-County Line Emporium leased 28,633 square feet at Churchman Hills Plaza, 3535 Emerson Ave. The tenant was represented by Tracy Holtzman and Patrick Boyle of Midland Atlantic. The landlord, Beech Grove Holdings LLC, represented itself.
-JAS Cinemas Enterprises LLC leased 25,344 square feet at Southbridge Crossing, 300 Southbridge Crossing, Mooresville. The tenant was represented by Michael Rodenas of Rodenas Consulting. The landlord, Brown Bark I LP, was represented by Jeff Hubley of Midland Atlantic.
-Furniture Discounters leased 12,000 square feet at Castleton Marketplace, 8441 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.
-Cesar’s Group Fitness Studio leased 8,400 square feet at 96th Street Station, 9546 Allisonville Road, Suite 116-121. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.
-King’s Beauty Supply renewed its lease for 6,300 square feet of retail space in Augusta Plaza, 2808 Westlane Road. The tenant and landlord, Augusta Plaza Associates LP, were represented by Nick Smyrnis of Lee & Associates.
-Brendanwood Financial leased 3,458 square feet at 9650 N. Commerce Drive, Suite 523, Carmel. The tenant was represented by George Crawford of NAI Meridian. The landlord, Sand Capital IX LLC, was represented by Jeff Hubley of Midland Atlantic.
-Advantage Sales & Marketing leased 2,877 square feet of office space at 6505 E. 82nd St. The tenant was represented by RJ Jesenski of Cresa Partners. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Young Survival Coalition Inc. leased 2,495 square feet of industrial space at 6990 Hillsdale Court. The tenant was represented by Glenn Davis of Colliers International. The landlord, Duke Realty, was represented by Jay Archer of Duke Realty.
-Firehouse Subs leased 2,400 square feet at Brownsburg Village Shopping Center, Northfield Drive and State Road 267, Brownsburg. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, BVSC LLC, was represented by Jodi Milto of Midland Atlantic.
-Solid Gold Jewelry and Gifts leased 1,700 square feet at Sunnyside Village Shoppes, 10820 Pendleton Pike. The landlord, Sunnyside Village Shoppes LLC, was represented by Jeff Hubley of Midland Atlantic. The tenant represented itself.
-DC Designers Tux Shop leased 1,602 square feet of retail space at 2780 E. 146th St., Carmel. The tenant was represented by Stacia Yeager of Encore Sotheby's International Realty. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift.
-Fast Burrito leased 1,600 square feet at Shadeland Place, 7460 N. Shadeland Ave., Suite 400. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, MAP Shadeland LLC, was represented by Jeff Hubley of Midland Atlantic.
-P&P Home Services LLC leased 1,270 square feet of office space in Barker Office Park, 8012 E. 10th St. The tenant and landlord, East Tenth Street Development, were represented by Cathy Richards and Mike Kensill of Lee & Associates.
-State Farm leased 1,200 square feet of retail space at The Pavilion at Castleton Center, 5957 E. 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Stough Development, was represented by Greg Smith of Colliers International.
-Endika Naturals leased 590 square feet of office space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Construction
-Capitol Construction has completed a 1,875-square-foot office build-out for Four Quadrants Advisory Cos. at 912 S. Rangeline Road, Carmel.
-Capitol Construction has completed a 2,500-square-foot office expansion for Clinical Architecture at 11611 N. Meridian St., Carmel.
-Capitol Construction has completed a 2,500-square-foot office build-out for Merchant Bank at 11555 N. Meridian St., Carmel.
Firm gives college kids the opportunity to run a painting business
Student Development Co. helps college students run Textbook Painting businesses, to learn the ins and outs of entrepreneurship. Thirty students in seven states are participating this summer, including 10 student entrepreneurs in Indiana.
New rating system may boost coffers of suburban hospitals
Patients have spoken and—surprise!—they prefer suburban hospitals to inner-city or big teaching hospitals. That means a little extra Medicare money will likely flow to suburban hospitals in the Indianapolis area. But hospitals in the core of Indianapolis, and hospitals that do significant amounts of teaching medical students, may take a hit. That’s the upshot of […]