Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.
Lawmakers in Illinois, where major employers are threatening to leave the state if their tax burden isn’t reduced, return to Springfield on Monday to consider what they probably can’t afford to do.
The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber’s stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
-Fresnius Medical Care leased 21,673 square feet at 1320 City Center Drive, Carmel. The tenant was represented by Tim Norton and Jon Jessup of Summit Realty Group. The landlord, Panattoni, was represented by R.J. Rudolph and Tom Osborne of Colliers International.
-Restaurant Technologies Inc. leased 13,095 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Frank McManus of UGL Equis. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5146-5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Flap Jacks leased 4,814 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Paul Rogozinski of Veritas Realty LLC. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Ossip Optometry leased 3,641 square feet of retail space at 54 Monument Circle. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Lacy Diversified Industries Ltd., was represented by Stephen Adams of Hokanson Companies Inc.
-Wanzer Edwards PC leased 2,939 square feet of office space at 55 Monument Circle. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Winthrop Realty Partners LP, was represented by Bennett Williams, Pete Anderson and Andrew Martin of Cassidy Turley.
–John A. Overman, DDS, leased 2,702 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Tully Bevilaqua LLC, dba Gym41, leased 2,700 square feet of industrial space at 5315 W. 86th St. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Indy Flex Investors LLC, was represented by Bryan Poynter of Cassidy Turley.
-Yo Joy Frozen Yogurt leased 2,358 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Stratim Group Inc. leased 1,634 square feet of office space at 3755 E. 82nd St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Clearwater Office LLC, was represented by Tom Hadley of Summit Realty Group.
-Senior Home Companions leased 1,511 square feet of office space at 8445 Keystone Crossing. The tenant and landlord, Northside Realty Partnership, represented themselves.
-SpinWeb leased 1,465 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state’s governor is expected to sign it.
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
Illinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.
-Meyer Najem Construction has been hired to build the Westfield Grand Park Sports Complex at State Road 32 and U.S. 31. Construction of the 350-acre indoor/outdoor facility has started and is scheduled to be completed in the summer of 2013.
-Capitol Construction completed a 31,400-square-foot build-out for Belden at 401 N. Pennsylvania Parkway, Carmel.
-Capitol Construction completed a 4,000-square-foot build out for Watermark at 5875 Castle Creek Parkway.
The Pacers have not announced a name change, but have a special announcement scheduled for Thursday.
More than a year after changing its name from Conseco to CNO Financial, the Carmel-based company finally decides to make its naming-rights investment in Pacers' venue pay-off. The only question is, what took so long?
Michael Cloran is problem solver. And he knows how to turn the answers into viable businesses. He also knows his limitations. Do you?
A male candidate is more likely to get away with the bare-knuckled political brawls than a young mother.
It will be difficult to rebrand the arena where the Indiana Pacers play, but team officials praised sponsor CNO Financial for sticking with the $20 million naming-rights deal despite tough times.
A look back at the great, the good, the bad, the ugly and the worst of our year in sports.
-Technical Youth LLC, dba Brooksource, leased 8,140 square feet of office space at 8365 Keystone Crossing and 8395 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley. The tenant represented itself.
-The Medicaid Fraud Unit of the Office of the Attorney General leased 7,218 square feet of office space at 8005 Castleway Drive. The tenant was represented by Tim O’Brien of Colliers International. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-27 Beers Inc., dba Gatsby’s Bar & Grill, leased 3,200 square feet at Intech Commons Retail Center, 6335 Intech Commons Drive. The landlord, Inland American Retail Management LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Massage Envy leased 2,600 square feet at Emerson Commons I, 6815 S. Emerson Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, First Emerson Commons Way LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Alternative Construction/Re-Bath renewed its 2,550-square-foot lease for industrial space in Hawthorn Park, 6886 Hawthorn Park Drive. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, Mann Properties, was represented by Craig Cleveland of Mann Properties.
-Toppers Pizza leased 2,520 square feet at Hamilton Crossing Centre, 12201 N. Meridian St., Carmel. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, KRG Hamilton Crossing LLC, was represented by Blake Beaver of Kite Realty Group.
-Foundations Financial Group leased 2,400 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite S. The tenant was represented by Kevin Piper of Colliers International. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development.
-Dana T. Greenwood leased 2,019 square feet of office space at 9840 Westpoint Drive. The landlord, Crosspoint Partners IV LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented herself.
-Masterlab renewed its lease for 2,000 square feet of retail space in Cherry Tree Plaza, 9731 E. Washington St. The tenant and landlord, Sandor Development, represented themselves.
-NZR Consulting Inc. leased 1,712 square feet of office space at 10425 Commerce Drive, Carmel. The landlord, West Carmel I LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented itself.
-Orange Leaf Frozen Yogurt leased 1,600 square feet at Green Street Square, 1551 N Green St., Brownsburg. The tenant was represented by Donna Hovey of CBRE. The landlord, Cranfill Enterprises LLC, was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Universal Barber Shop leased 1,600 square feet of retail space in Lafayette Place, 3748 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-WeBuyAnyCar.com leased 1,280 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite F1. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development. The tenant represented itself.
-Sandra’s Hair Braiding leased 1,176 square feet of retail space in Esquire Plaza, 8141 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
-We Buy Gold leased 1,060 square feet of retail space in River Ridge Plaza, 2040E S. Scatterfield Road, Anderson. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
-Flory's Salon renewed its lease for 1,000 square feet of retail space in Honey Creek Plaza, 3841 Moller Road. The tenant and landlord, Sandor Development, represented themselves.
A Carmel-based power grid operator violated the Americans with Disabilities Act by firing a woman who suffered from post-partum depression, the U.S. Equal Employment Opportunity Commission alleges in a lawsuit filed Friday.
