Bru, Mesh owner planning third eatery in Mass Ave neighborhood
Mike Cunningham has signed a letter of intent to buy a building at 620 N. East St. that he said would house a "new American diner."
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Articles
Local REITs charge ahead of pack in bull market
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
MYERS: No time to rest on our ample laurels
Indianapolis is a long way from reaching its potential. Yes, we have advantages with cost of living (compared to both coasts), and great professional sports franchises and an array of quality cultural institutions like the Indianapolis Symphony Orchestra and The Children’s Museum of Indianapolis, and many more.
SHEPARD: Speedway promotion is a smart move
Fresh analysis released last month on the economic impact of the Indianapolis Motor Speedway and the satellite industries attracted by its location in Indiana make it clear the General Assembly is on the right track in moving legislation to bolster the track and the jobs it helps create.
Can Indy’s big-league efforts outrun small-town image?
It seems no matter how much Indianapolis postures itself as a major-league city, there are those who will never consider it anything more than a few high-rises amid a sea of cornfields tended to by a bunch of hayseeds.
A&E priority list for March 28-April 3
A wide range of offerings, from “American Idiot” to Easter at the Zoo, make the recommended list.
BENNER: Of many shining moments, one could have shone brightest
Some years stand out as we celebrate the 75th anniversary of the NCAA tournament.
WILLIAMS: Cost-cutting obsession is myopic
Often with great pride, elected officials and those seeking elective office exclaim that Indiana is a paragon of fiscal probity and that bountiful state reserves demonstrate the caliber of Hoosier leadership.
LOU’S VIEWS: A critical mass of theater critics descend on Indy
A pack of conferencing critics had their eyes opened to Indy’s arts pleasures. In turn, they opened my eyes to some things I shouldn’t take for granted.
ExactTarget lands on tech shopping list for buyout
ExactTarget Inc.’s strong position in digital marketing has made the Indianapolis company a tempting acquisition target for Salesforce.com and other tech-industry suitors, Wall Street analysts believe.
Olympic snub is sharp blow for Lucas Oil Stadium
USA Swimming’s decision to torpedo a bid to host the 2016 Olympic Swim Trials at Lucas Oil Stadium casts doubts on the venue’s chances for future big-time, non-traditional events.
Crunching the numbers on Obamacare
The biggest changes from President Obama’s 2010 health reform law take effect nine months from now, so many Hoosier employers have started crunching detailed numbers to cost out their options.
Leases/leasing contracts
-Kittles Home Furnishings leased 30,059 square feet at Raceway Plaza, 10695 E. U.S. 36, Avon. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Raceway Nine, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Natural Stone & Tile leased 17,330 square feet of industrial space at 8875 Bash St. The tenant was represented by Michael Napariu of REI Investments. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.
-Johnson, Grossnickle + Associates Inc. leased 6,083 square feet of office space at 21-63 S. Park Blvd., Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Artisanz Fabrication & Machine Co. leased 5,000 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, Damon Jones, was represented by Patrick Lindley of Cassidy Turley. The tenant represented itself.
-International Center of Indianapolis leased 4,640 square feet of office space at One Indiana Square at Ohio and Pennsylvania streets. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlords, Michael Maurer and Todd Maurer, were represented by Ralph Balber of Newmark Knight Frank Halakar.
-Turning Point Dental leased 4,545 square feet at Five River Crossing, 8555 N. River Road. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, River Crossing Five LLC, was represented by Barb Zike of PK Partners.
-Spectrum Financial Group LLC leased 4,003 square feet at 9000 Keystone Crossing. The tenant was represented by Jack Esselman of J. F. Esselman Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Procter & Gamble RHD Inc. leased 2,407 square feet at 8900 Keystone Crossing. The tenant was represented by David Mennell of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Kessler Krest Baptist Church leased 2,200 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Yumi Prater of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-Vein Clinics of America Inc. leased 2,190 square feet at 9000 Keystone Crossing. The tenant was represented by Zane Brown of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-VHA Inc. leased 1,597 square feet at 8900 Keystone Crossing. The tenant was represented by Denice Michel of Jones Lange LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Enzo Pizza leased 1,201 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Andrew Martin, Bennett Williams and Allison Hawley of Cassidy Turley. The tenant represented itself.
-Erin Buck leased 1,150 square feet of office space at 1701 Library Park Blvd., Greenwood. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.
Whitsett bids to redevelop Star headquarters
One of the city’s most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
House pursues ‘Arkansas model’ on health coverage
Indiana could expand health insurance coverage for low-income Hoosiers entirely through private health insurance plans under an amendment adopted by a House committee on Monday. The change was immediately criticized by the Pence administration.
Company news
Johnson & Johnson won approval for the first in a new family of diabetes drugs, giving the New Jersey-based drugmaker an edge over Eli Lilly and Co. and other rivals developing similar medicines. On Friday, the U.S. Food and Drug Administration cleared the drug, known as canagliflozin, to treat adults with Type 2 diabetes. It will be sold under the brand name Invokana and may generate as much as $800 million in annual sales, Tony Butler, an analyst at Barclays Plc in New York, told Bloomberg News. The drug is part of a class called SGLT2 inhibitors, which expel sugar in the urine after the kidneys filter it out of the blood. Similar drugs are being developed by Indianapolis-based Lilly, Boehringer Ingelheim GmbH, Bristol-Myers Squibb Co. and AstraZeneca plc.
Medical claims will rise more than 67 percent—the third-highest rate in the nation—for Indiana residents buying individual health insurance policies under President Barack Obama's health care overhaul, according to a study by the Society of Actuaries. The projected increase is partly due to sicker people joining the insurance pool. The study says most states will see increases, and assumes every state will expand its Medicaid program, but that's uncertain in Indiana. The Obama administration says the study ignores subsidies to help with premiums. Middle-class households can buy subsidized insurance in new marketplaces Oct. 1. The report doesn't cover employer plans.
Dow AgroSciences LLC will formally open a 175,000-square-foot building on April 10, which will be home to 200 researchers working on plant biotechnology. Dow AgroSciences first announced the $340 million expansion in March 2010, saying it would lead to an additional 577 high-paying jobs over the following five years. The company, which is a subsidiary of Michigan-based Dow Chemical Co., said most of the positions would pay $65,000 to $95,000 annually. Dow AgroSciences had sales last year of $6.4 billion, and produced earnings before taxes, interest, depreciation and amortization of $977 million.
WellPoint jumps after feds reverse Medicare decision
Shares of Indianapolis-based WellPoint rose along with those of other medical insurers Tuesday morning after the U.S. government reversed a decision to cut a key Medicare payment rate, offering them an increase instead.
A&E priority list for April 4-10
Highlights for this week include a controversial artist at the IMA, an edgy hit play at the Phoenix, and more.