Carmel could tap emergency fund for road repairs
Carmel Mayor Jim Brainard wants to take $1.5 million from the city’s Rainy Day Fund to fix streets damaged by the unusually harsh winter. Plus: Council OKs revised arts grants.
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Articles
KAR Auction’s profit sinks but exceeds expectations
Carmel-based KAR Auction Services Inc. saw profit drop 29 percent in the first quarter due to costs associated with refinancing debt, the company reported Monday afternoon.
Primaries matter despite one-sided races
Tuesday’s primary election is more than a practice run for November—especially in Republican-dominated Hamilton County, where partisan voters essentially are choosing the eventual winner.
Election key step in town’s change into city
An Indianapolis suburb will begin the transition from the town to city this Tuesday, as voters in Fishers vote in its first municipal primary election.
Leases/leasing contracts
-DuCharrme McMillen & Associates Inc. leased 41,150 square feet at 9229 N. Delegates Row. The tenant was represented by Matt Waggoner and Brian Askins of Cushman & Wakefield/Summit. The landlord, PP Indianapolis VI Project Corp., was represented by Rick Trimpe and Tim Hull of CBRE.
-Mi Corral leased 2,879 square feet of retail space in Greenbriar Shopping Center, 8537 Ditch Road. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.-The Huntington National Bank leased 2,478 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant and landlord, Carmel Lofts LLC (an entity of Keystone Realty Group), were represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Moody Retail Shops LLC leased 2,160 square feet of retail space in Village Commons I, 862 S. State Road 135, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, VC-1 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Avon Health Associates LLC leased 1,600 square feet at 9245 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Caplin Sniderman LLC leased 1,500 square feet at 9245 N. Meridian St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Echo Associates, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-Center Grove Foot & Ankle Care renewed its lease for 1,240 square feet of office space in The 1250 Building, 1250 E. County Line Road. The tenant and landlord, AMARD LLC, were represented by Cathy Richards of Lee & Associates.
-Errol Isaac DDS leased 1,200 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Sales/acquisitions
-Highpointe Apartments LLC bought 12.81 acres of land at 136th and Illinois streets, Carmel. The seller, Frank K. Regan, was represented by Tom Osborne of Colliers International. The buyer represented itself.
-Yahya Sammour bought a 1,715-square-foot retail space at 3913 North Keystone Ave. The buyer and seller, C-Cat Properties LLC, were represented by Ron Escue of Colliers International.
-Mark A. Scott bought a 2,880-square-foot industrial property at 1225 Ransdell Court, Lebanon. The buyer was represented by Michael Weishaar of Cassidy Turley. The seller, Ridgway Revocable Trust Declaration, was represented by Jerry Alexander of Prudential Indiana Realty Group.Interactive claims top MIRA Award for second straight year
The top honor at the Mira Awards on Saturday night went to software firm Interactive Intelligence, while academia made waves in other categories at the annual technology-sector event.
Carmel’s Main Street getting more upscale apartments
Carmel officials have signed off on Keystone Realty Group’s plans to build a five-story mixed-use building southwest of Old Meridian and Main streets.
Keystone-style overhaul discussed for key Hamilton County corridor
A study recommends replacing as many as 10 signalized intersections along State Road 37 with roundabout interchanges, dropping the highway under the cross streets.
MORRIS: Your vote counts this primary season
Not sure about races and who’s running? Here’s where you can find what you need to know.
CNO takes big earnings hit to dispose of old business
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
ITT student-loan bet stings Lilly’s credit union
A default-prone portfolio of loans to ITT Educational Services students has come back to haunt Eli Lilly Federal Credit Union, a full-service but otherwise conservative institution.
Finish Line’s chain of running stores ‘turning a corner’
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
Firm that figured out how to sell hair-salon products online is snapped up by giant
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
NRA seeks universal gun law at national meeting
The nation’s largest gun-rights group, which officially opens its convention of about 70,000 people Friday in Indianapolis, wants Congress to require that concealed weapons permits issued in one state be recognized everywhere, even when the local requirements differ.
Sales/acquisitions
-Carmel Medical Office Building LLC, an affiliate of Multi-Specialty Surgery Center, bought the 23,000-square-foot North Meridian Medical Center at 10601 N. Meridian St., Carmel. The buyer was represented by Ryan Sarbinoff of Marcus + Millichap. The seller, HSA PrimeCare, was represented by Robert Titzer of HSA PrimeCare.
-Circle City Outdoor Management LLC bought an 8,505-square-foot building at 5851 E. 34th St. The buyer was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar Real Estate. The seller, Last Chance Wrecker & Sales Inc., was represented by Chris Black of CBRE.
City cites apartments for hundreds of violations
Five local apartment complexes and one owner of multiple rental properties were accused of unreasonably consuming city, public, and law enforcement resources.
Carmel council delays annual arts funding
Carmel City Council postponed approval of the city’s annual arts grant program Monday amid questions about “perceived gaps” in the municipal budget.