MADISON: A depressing tale of two Indianas
It was the best of times, it was the worst of times. It’s a tale of two Indianas—one rich, one poor.
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Articles
Hedge fund guru Paulson cashes in on CNO wager
John Paulson, who made $15 billion betting against real estate and then saw his fortune shrink as gold slumped, has more than doubled his hedge fund's money on Carmel-based CNO Financial Group Inc.
Roundup: Ambrosia, Jockamo, Square Donuts
Moves by a trio of local restaurants and replacements for two vacated downtown eateries lead off the latest retail roundup.
MCL enlists star power for TV commercials
Last month, Los Angeles-based film producer/director Steve Zukerman filmed commercials inside an MCL Restaurant and Bakery at Allisonville Road and 86th Street and in the Carmel Arts & Design District.
Leases/leasing contracts
-CNH America LLC leased 153,600 square feet in Lebanon Business Park, Building 1, 201 N. Enterprise Road, Lebanon. The tenant was represented by
Jeremy Woods of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Jay Archer.-Studio Movie Grill leased 56,957 square feet of retail space in College Park Theater, 3535 W. 86th St. The tenant and landlord, Sandor Development, represented themselves.
-Household Furniture Inc. renewed its lease for 15,367 square feet of retail space in Eagledale Plaza, 2802 N. Lafayette Road. The tenant and landlord, Sandor Development, represented themselves.
-Matrix Technologies Inc. leased 12,997 square feet of office space at 6625 Network Way. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Network Way Properties LLC, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.
-Aaron’s Rents renewed its lease for 12,000 square feet of retail space in Eagledale Plaza, 2802 N Lafayette Road. The tenant and landlord, Sandor Development, represented themselves.
-DBMS Inc. leased 5,065 square feet at Castle Creek VI, 5975 Castle Creek Parkway. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-DOTS renewed its lease for 4,500 square feet of retail space in Norgate Shopping Center, 7235-H N. Keystone Ave. The tenant and landlord, Sandor Development, represented themselves.
-Summit Occupational Medicine leased 3,000 square feet of medical space at 3750 N. Meridian St., Suite 300. The tenant was represented by Brooke Sipe and Drew Augustin of Alliance Commercial Group. The landlord, Medical Properties Inc., represented itself.
-Caring for Women’s Health LLC leased 2,775 square feet of office space at 107 N. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, NSR 135 LLC, represented itself.
-Electronic Merchant Systems leased 2,397 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Katie Sobotowski of Summit Realty Group. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-CenterFirst leased 2,203 square feet at Castle Creek IV, 5875 Castle Creek Parkway. The tenant was represented by Leslie Bonacker of CresaPartners. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Web Connectivity leased 1,839 square feet of office space in Auburn Woods Park, 9660 Commerce Drive, Carmel. The landlord, Sandor Development, was represented by Lawrence Morrissey of Corporate Commercial Group. The tenant represented itself.
-Miracle Ear leased 966 square feet of retail space in Ashley’s Crossing Shops, 733 Loews Blvd., Greenwood. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.
Friday fun: Free concerts
You can’t swing a dead squirrel north of 96th Street these days without hitting a cooler-and-blanket-toting suburbanite headed for a free concert.
CNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
Shuttered Shapiro’s space in Carmel ‘mothballed’ for now
Restaurant operators already have expressed interest in the former Shapiro’s Delicatessen location on Range Line Road in Carmel. What’s at the top of your dining wish list?
Cell phone retailer to establish Carmel office, hire 145
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
Dispute over vehicle ‘spy’ device patent flashes into court
A Carmel company that markets a device which plugs into a car’s diagnostic port to monitor the vehicle's performance has filed a patent-infringement lawsuit against a better-known competitor.
Ingersoll-Rand’s spin-off plan may give boost to area
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
RUSTHOVEN: This is post-racial America?
The final days of June made me wonder if we’re ever going to get past race.
Mass transit opponent pitches wider roads
A leading opponent of the plan for regional mass transit is floating an alternative that calls for widening north-south commuter corridors like Martin Luther King Jr. Street, Capitol Avenue and College Avenue.
Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
Plea expected in Carmel teen’s murder
A Louisville man charged in connection with the murder of a teenager from Carmel is expected to plead guilty Monday afternoon. Gregory O’Bryan faces charges of murder, sodomy, corpse abuse and evidence tampering in the October 2010 death of Andrew Compton, 18, who was a first-year culinary student at Sullivan University in Louisville. O’Bryan told investigators the teen died after the two had sex. Authorities searched an Indiana landfill but didn’t find the teen’s body.
Public-transit guru Bingaman motors for private sector
Ehren Bingaman, executive director of the Central Indiana Regional Transportation Authority, will join architecture and engineering firm HNTB Indiana. He was one of the principal supporters of the mass-transit plan that stalled in the Statehouse this year.