Brainard says he’s OK with council oversight of debt
An ordinance giving the Carmel City Council final say over debt issued by the redevelopment commission is on track for approval, and Mayor James Brainard said he won’t stand in its way.
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Ball State gives new life to Fountain Square charter
Fountain Square Academy, a charter middle and high school with about 270 students, will remain open after Ball State University decided to grant it a charter to continue operating after this school year.
Leases/leasing contracts
-FEMA leased 34,252 square feet of office space at 6666 E. 75th St. The tenant was represented by Gavin Muldowney of UGL Services. The landlord, Zimmer Real Estate Services, was represented by Bryan Miller of Cassidy Turley.
-Tuesday Morning leased 14,178 square feet at Speedway Super Center, 6020 Crawfordsville Road, Speedway. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Brixmore SPE 5 LLC, represented itself.
-The Department of Workforce Development leased 14,000 square feet of office space at 3400 Lafayette Road. The tenant was represented by R.J. Rudolph and Kara Riggle of Colliers International. The landlord, Earl Wade Boulware Revocable Living Trust, was represented by Bill Ehret and Alex Cantu of Summit Realty Group.
-Dollar Tree renewed its lease for 11,662 square feet at Southtown Center, 4300 S. Scatterfield Road, Anderson. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Webstream Productions Inc. leased 9,687 square feet at 5200 E. 64th St. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, OrthoPros LLC, was represented by Matt Jackson of Ambrose Property Group.
-EMT leased 9,177 square feet at 12342 Hancock St., Carmel. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CBRE.
-United Food and Commercial Workers Union Local 700 leased 4,903 square feet at 3950 Priority Way South Drive. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, PP Indianapolis V Project Corp., was represented by Tim Hull and Rick Trimpe of CBRE.
-Massey’s Pizza leased 4,280 square feet at Meridian Oaks Shoppes, State Road 135 and Main Street, Greenwood. The landlord, RCS Holdings LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-MedLab leased 2,429 square feet at the Indiana American Building 3, 521 E. County Line Road, Greenwood. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.
-Hathaway Strategies leased 2,281 square feet of office space at 303 N. Alabama St. The tenant was represented by Stephen Adams of Hokanson Cos. Inc. The landlord, DH Realty LLC, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Tassani & Associates Inc. leased 1,672 square feet of office space at 111 Congressional Blvd., Carmel. Both the tenant and landlord, Lauth Property Group, were represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Midwestern Engineers Inc. leased 1,581 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Darrell Pike of Pike Real Estate. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley.
-Dr. Justin Gilmore leased 1,580 square feet at 14643 N. Gray Road, Noblesville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, KRG Bridgewater LLC, was represented by Andrew Hasbrook of Kite Realty.
-The Indiana Association of Realtors leased 1,418 square feet of office space at 55 Monument Circle. The landlord, Winthrop Management LP, was represented by Bennett Williams of Cassidy Turley. The tenant represented itself.
-Chris Berger State Farm leased 1,200 square feet of retail space at 11428 Olio Road, Fishers. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, F&Z SWC of Olio LLC, was represented by Debra Courtney of Zinkan & Barker Development Co.
-Dr. Jared Himsel leased 1,200 square feet at 14350 Mundy Drive, Noblesville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Prairie Lakes Development LLC, was represented by Darrell Pike of Pike Real Estate Services.
CNO Financial expects to take $20M legal charge
The charge stems from a legal dispute involving changes in some life-insurance policies sold by subsidiary Conseco Life Insurance Co.
Profit plummets at ITT Educational, but tops analyst expectations
First-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined for the seventh straight quarter.
Lightning strike causes Carmel fire
A multimillion-dollar home in Carmel caught fire after lightning struck Wednesday night. Eight fire trucks were called to the home in the Laurelwood neighborhood near 106th Street and Ditch Road at about 7:30 p.m. The homeowners were able to escape but the home sustained significant damage.
World-class cities have transit
The comparison between Indianapolis and Austin, Texas, [April 23] while interesting, missed one major difference.
Rusthoven too partisan
I find it condescending, crude and highly political that Peter Rusthoven [April 16] must insist on repeatedly referring to the Affordable Care Act as Obamacare.
EDITORIAL: Pence has chance to lead, not hide behind money
Gubernatorial candidate Mike Pence should take the high road and lay out his full agenda … because Hoosiers deserve to know how he would lead the state following eight years of sweeping reform under Gov. Mitch Daniels.
MediaSauce co-owner leaves firm, starts new ad agency
Magnitude already has landed several big clients, including the Indiana Pacers and Northwestern University.
State’s high court to weigh in on lawsuit over IU Health billing
Indiana's hospital boards and trial lawyers are closely monitoring a lawsuit that accuses the state's largest hospital group of charging uninsured patients more for treatment than insured patients.
Veteran broker Hohmann leaves Cassidy Turley to go solo
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
CNO quarterly earnings jump on stronger sales
CNO Financial Group Inc. on Monday reported first-quarter earnings of $59.1 million, a 30-percent increase from the $45.1 million it earned in the same quarter last year.
New owner moving EventzPlus to larger location
Less than two months after serial entrepreneur Jenn Kampmeier and her partners staged a grand opening for Carmel party venue and event-planning service EventzPlus, they’ve sold the firm for an undisclosed sum.
EDITORIAL: Region’s fate tied to urban core
A conversation is starting about the health of this city’s urban core that everyone in the region should join.
Quest to rein in health care costs gives momentum to on-site clinics
Health care firms have opened a flurry of clinics at Hoosier employers the past two years as businesses increasingly embrace the concept as a way to restrain employee health costs.
New charter school proposed for North Meridian Street
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.