The lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price of about $15 million—less than half what lenders have sunk into the project.
Boston Scientific Corp.'s Guidant unit hopes to end a criminal case accusing it of failing to properly disclose changes made to some implantable heart devices when it appears in court Wednesday.
-UTi Integrated Logistics Inc. leased 50,000 square feet of industrial space at 5136 W. 81st St. The tenant was represented by Stan Elser and Bill Brennan of Lee & Associates. The landlord, Dugan Realty Inc., was represented by Kate Willen and Glenn Davis of Duke Realty.
-Hibachi Grill and Supreme Buffet leased 18,750 square feet at Cherry Tree Plaza, 9701 E. Washington St. The tenant was represented by Mark Sturgis of ADM Commercial Properties. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor.
-Bermo Enterprises Inc., doing business as Max $10, leased 6,750 square feet at Cherry Tree Plaza, 9749 E. Washington St., Suite A. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor. The tenant represented itself.
-cfc Adviser of Carmel Inc. leased 4,000 square feet at Pebble Brook Village, 5540 Pebble Village Lane, No. 100, Noblesville. The landlord, Pebble Brook Office Two LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-El Nopal Mexican Restaurant leased 4,000 square feet of retail space at Pebble Brook Village, 5540 Pebble Village Lane, Noblesville. The tenant was represented by Bill Buzan of Real Estate Unlimited. The landlord, Tom Wetherald, was represented by John Reller of Colliers International.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 2,210 square feet at College Park Plaza, 8403 N. Michigan Road, Suite A. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 1,820 square feet at East 40 Plaza, 8516 E. Washington St. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Trusted Auto Repair leased 1,500 square feet of industrial space at 2251 N. Dequincy in the Garfield Industrial Park. The landlord, Garfield LLC, was represented by Brad King of Colliers International. The tenant represented itself.
-Joe’s Cutz leased 600 square feet in Augusta Plaza, 7247 N. Michigan Road. The tenant was represented by Nick Smyrnis of Lee & Associates. The landlord, Augusta Plaza Associates LP, was represented by Fred Frisch of Lee & Associates.
Duke Energy Corp. announced Monday an agreement to buy Progress Energy Inc. and put Progress CEO William Johnson in charge of what will be the largest U.S. utility.
Audiovox said in a statement, though, that the deal is “subject to a number of contingencies.” Indianapolis-based Klipsch was founded in 1945 and has 130 local employees.
The new Center for the Performing Arts in Carmel and other arts organizations are promoting the quality of their venues’ acoustics, but does the paying public really care?
Beef & Boards’ production of ‘The 25th Annual Putnam County Spelling Bee’ further establishes it as one of the most durable–and hilarious–contemporary musicals.
The first ever "Fiscy Awards" will be presented this week to Indiana Gov. Mitch Daniels, Democratic Sen. Kent Conrad of North Dakota and Republican Rep. Paul Ryan of Wisconsin.
As a one-time NFL lawyer who has closely followed sports labor relations for 35 years, I am often asked about the chances of Indianapolis’ losing the 2012 Super Bowl.
Booming growth, rising middle classes are attracting investors.
Indiana economic-development officials are in the beginning stages of forming a marketing initiative—dubbed the Indiana Center for Complex Operations, or ICCO—to market the state’s budding defense sector.
Exhibit, grant power audience development initiatives.
-Bedrock International renewed its lease for 32,000 square feet of industrial space in Park 100, 7951 Zionsville Road. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of ProLogis.
-Little Miracles Inc. leased 4,357 square feet of retail space in Geist Crossing Shoppes, 9737 Fall Creek Parkway. The tenant was represented by Don Ballard and Ron Mannon of Lee & Associates. The landlord, Glendale Partners of Shadeland Crossing LLC, was represented by Paul Rogozinski of Veritas Realty LLC.
-Alpine Power Systems leased 4,000 square feet at Park Fletcher Distribution Center, Building 17, Suite L, 2040 S. Lynhurst Drive. The tenant was represented by Conrad Jacobs of Halakar Real Estate. The landlord, ProLogis-North Carolina LP, was represented by Chris Black of CB Richard Ellis.
-Altria Sales & Distribution leased 3,988 square feet of office space at 8440 Woodfield Crossing. The tenant was represented by Joel Oppenheim of The Oppenheim Group. The landlord, Cassidy Turley, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
-Jays Moving Co. leased 3,600 square feet at Park Plaza Business Center, 5795 Park Plaza Court. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, First Industrial Realty Trust, was represented by John Hanley and Nikhil Gunale of CB Richard Ellis.
-R&T Trenching leased 3,200 square feet at 23rd Street Industrial, 4902 E. 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Grandbridge Real Estate Capital leased 2,738 square feet at 300 N. Meridian St. The tenant was represented by Rick Trimpe of CB Richard Ellis. The landlord, University Park Associates LLC., was represented by Mike Napariu of REI Real Estate Services.
-Family Peace and Unity Inc. leased 2,500 square feet at 23rd Street Industrial, 4840 E. 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-JT Alternations leased 2,400 square feet at Keystone Plaza, 2315 E 53rd St. The landlord, Keystone Plaza Associates, was represented by Larry Davis and Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Ryan Jay, DDS, leased 2,400 square feet of retail space at 12110 Pendleton Pike. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Family Video Movie Club, represented itself.
-R. Lynda a Women’s Dress Boutique, leased 2,341 square feet at Traders Point Shopping Center, 6010 W. 86th St. The tenant was represented by Keith Fried of Sitehawk Retail Real Estate. The landlord, Kite West 86th Street LLC, was represented by Blake Beaver of Kite Realty Group.
-Arepas Caracas Grill leased 2,220 square feet at Crooked Creek Shoppes, 7940 N. Michigan Road. The tenant was represented by Kelli Membreno of Libertad Real Estate LLC. The landlord, Crooked Creek Shoppes, was represented by Greg Smith and Joe Tarpey of Colliers International.
Two-term Marion County Prosecutor Carl Brizzi drew attention for a series of questionable business deals with a local defense attorney and for his friendship and business ties to financier Tim Durham, who is under federal criminal investigation.
In the last two years, Oklahoma’s junior senator has proved himself braver than many of his colleagues, more creative on public policy, and more intellectually honest about the consequences of popular legislation.
The city should refuse to pay the contract-termination fee given alleged defaults by Veolia, the consumer group says. Veolia is out after city sells the water company to Citizens Energy Group.
