IU Health gears up to take on insurers
Indiana University Health, already the state’s largest hospital system, is now ramping up to compete against Anthem, UnitedHealthcare and other health insurers.
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Articles
Apple buyout in ChaCha’s future?
Apple has applied for a patent that sounds pretty familiar to the folks at Carmel-based ChaCha Search Inc. Enough so that ChaCha founder Scott Jones has suggested that his business is well-suited for an acquisition by one of the largest companies in the world.
Construction
-Mattingly Construction has started construction of a 2,200-square-foot office build-out for The Bar Method Studio, 10425 Commerce Drive, Carmel.
-Mattingly Construction has started a 1,900-square-foot office expansion for Hazel Dell Veterinary Hospital, 13190 Hazel Dell Parkway, Carmel.
Westfield gearing up for big hospitality play
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
Leases/leasing contracts
-Piper Warehouse Inc. leased 196,838 square feet at 2222 Hillside Ave. The tenant was represented by Bryan Augustin and Drew Augustin of Alliance Commercial Group. The landlord, Hillside Investors LLC, was represented by Matt Kiger of Newmark Knight Frank Halakar.
-PRN Pharmaceutical Services renewed its lease for 39,795 square feet of office and light manufacturing space at 8351 Rockville Road. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, NOVA 220 LLC, was represented by Jon Owens of Cassidy Turley.
-Caliber Funding LLC leased 10,158 square feet of office space at 10022 Lantern Road, Fishers. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Indiana Records Management, was represented by Dave Moore, Darrin Boyd and John Crisp of Cassidy Turley.
-Safety Management Group leased 6,560 square feet at 8335 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant, Safety Management Group, was represented by Matt McGrady and Matthew Waggoner of Summit Realty Group.-Integrity Staffing Solution Inc. leased 5,504 square feet of industrial space at 6000 6488 Corporate Way. The tenant was represented by Kevin Dick of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.
-Pint Room leased 5,162 square feet of retail space at Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Robyn Smart of Echo Retail. The landlord, Carmel Lofts LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-The Hydaker-Wheatlake Company leased 4,200 square feet and 2.75 acres at 1333 Terminal Road. The tenant and landlord, Carlotta Newman, were represented by Brian Dell of Summit Realty Group.
-Living With Intention Inc. leased a 4,045-square-foot office building at 11979 Fishers Crossing Drive, Fishers. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Riverview Hospital, was represented by Tyson Chastain of Cornerstone Cos.
-Hoffmaster Group Inc. leased 3,134 square feet of office space at 6602 E. 75th St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Entry Point Capital LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-First Watch leased 3,036 square feet of retail space at 2902 W. 86th St. The tenant was represented by Don Williams of Cassidy Turley. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.
-MedEx Inc. leased 2,750 square feet at 5644 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Takenaka Corp. (U.S.A.) renewed its leased for 2,670 square feet at 56 South Park Blvd., Greenwood. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Conveyor LLC renewed its lease for 2,400 square feet at 1729 S. US 31, Greenwood. The landlord, First Financial Collateral Inc., was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-P. Brown & Co LLC leased 2,184 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Creighton Shook of Coldwell Banker Commercial Realty Services. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.
-World Finance leased 1,750 square feet of retail space in Parkview Plaza, 1616 N. Lebanon St, Lebanon. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Larry Nash, represented himself.
-Eagle Finance Co. leased 1,705 square feet at Yates Center, 1960 E. Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-GNC renewed its lease for 1,614 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.-Any Lab Test Now leased 1,200 square feet of retail space at 7818 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, NNE Associates LLC, was represented by Robyn Smart of Echo Retail.
-Buckingham Cos. leased 2.4 acres of land at 410 420 S. Main St., Zionsville. The landlord, EBO LLC, was represented by Bo Leffel of Cassidy Turley. The tenant represented itself.
Meridian Plaza’s new owner plans updates
Zeller Realty Group plans to invest $4 million to update a trio of high-profile but underused office buildings along Carmel’s North Meridian Street corridor after acquiring the properties in late November. “The previous owner just ran out of money,” said Mark Vollbrecht, a senior vice president who manages Indianapolis operations for the Chicago-based real estate […]
Spinoff of Allegion nets Carmel a publicly traded giant
Carmel has gained a publicly traded company large enough to knock retail legend J.C. Penney off the Standard & Poor’s 500 Index.
Carmel complex’s new owner plans major upgrade
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel’s front door step, and is gearing up for a $4 million revamp.
Noblesville to join Fishers in ranks of second-class cities
Noblesville Common Council members voted 5-2 Tuesday to elevate the city to second-class status effective Jan. 1, 2016, after the next municipal election.
City’s new pro hockey team to be called Indy Fuel
The Fuel said they are in the process of hiring front-office and coaching staff, signing an affiliation agreement with a NHL franchise, and recruiting players to fill the roster.
Roundup: Specialty grocer, Italian and Thai eateries, and new nano-brew concept
Fresh Thyme prepares to enter the Indianapolis market while Wal-Mart pushes its Neighborhood Market concept. Also, Olive Garden expands and a Thai restaurant opens downtown.
Mass Ave retailers about to pop up in Carmel
A band of Mass Ave merrymakers are heading north for the holidays, opening a pop-up shop in downtown Carmel.
New Carmel company to boot J.C. Penney off S&P 500
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
Carmel station robbed again
A gas station on the edge of Carmel was robbed for the second time in a month early Monday. Police say a masked man wielding a butcher knife held up the Circle K at 106th Street and College Avenue about 1:30 a.m. He fled on foot with money from the cash register. The same station was robbed Oct. 25 by a masked gunman.
Fares up, flights down at Indianapolis airport
Indianapolis International Airport has lost a third of its passenger flights since early 2005 while inflation-adjusted airfares here have risen 23 percent.
Pro hockey returning to coliseum in 2014
The Indiana State Fair Commission announced Monday that it signed a deal with Indiana Hockey Club LLC, an ECHL expansion franchise that will become an anchor tenant for the fairgrounds’ newly renovated coliseum.
ITT, Corinthian face consumer bureau probe over lending
The U.S. Consumer Financial Protection Bureau is investigating at least two for-profit colleges, including ITT Educational Services Inc., over potentially abusive practices in marketing and originating student loans.
Indiana unemployment rate sinks to 7.5 percent as state adds jobs
The state’s jobless rate has been on a downward spiral in recent months, dropping from 8.4 percent in July to 8.1 percent in August, then falling to 7.8 percent in September.
Gershman co-founder goes solo
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.