Transit bill advances at Statehouse after losing amendments
The Indiana House Ways and Means Committee voted Tuesday morning to move a mass-transit bill to the full House, where it’s sure to see further debate.
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Grid operators feud over transmission lines, payments
Midcontinent Independent System Operator Inc.’s recent expansion into the South has thrust the Carmel group into a dispute over whether it has to pay for using another firm’s power lines.
Leasing/leasing contracts
-Rubber Products Distributors leased 43,984 square feet of industrial space at 5230 Park Emerson Drive. The tenant was represented by Bart Book of Cassidy Turley. The landlord, Emerson Industrial Building II LLC, was represented by J.D. Graves of CBRE.
-US Default Group LLC leased 5,384 square feet of office space at 8455 Keystone Crossing. The tenant was represented by Peter Alveal and Andreas Kapsalis of Premier Commercial Real Estate Services. The landlord, Quality Bancorp Inc., dba Salin Bank & Trust Co., was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Perfect 10 Enterprises Inc. renewed its lease for 3,810 square feet of retail space in The Pointe, 1259 N. State Road 135, Greenwood. The tenant and landlord, Sun Greenwood LLC, were represented by Cathy Richards of Lee & Associates.
-Marion County Democratic Central Committee leased 3,415 square feet of office space in the Barrister Building, 155 E. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.-Sipes Law leased 2,605 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.
-Pad Thai leased 1,765 square feet of retail space in Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Hamada Ibrahim of RP Lux Commercial Real Estate Services. The landlord, Keystone Realty, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-Rector Communications LLC leased 1,563 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Dawn McClanahan of Harshman Property Services LLC. The tenant represented itself.
-AlphaGraphics leased 1,400 square feet of retail space in Westover Commons, 577 S. Dan Jones Road, Avon. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Westover Commons Development Corp., was represented by Joe Lonneman of Ambrose Property Group.
-Perez & Perez leased 1,166 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.-Attorney Carl L. Epstein leased 606 square feet of office space in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Aldi (Indiana) LP leased 2.58 acres of retail land at 284-310 S. State Road 135, Greenwood. The tenant was represented by Jim Abel of Lee & Associates. The landlord, Union Streams LLC, represented itself.
Senate GOP leaders punish Delph, strip him of leadership posts
The moves against the conservative senator follow an intraparty fight over amending the state's constitution to ban gay marriage.
First Financial changes local leadership as it expands
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank’s state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
Lender with unique niche broadening its ambitions
Oak Street Funding, a Carmel firm that lends exclusively to insurance agencies/brokers, plans to diversify this summer, with its first loans to registered investment advisers.
ExactTarget mulls building downtown tower
ExactTarget Inc. is evaluating downtown sites where it could build a headquarters tower as large as 500,000 square feet, real estate brokers familiar with the discussions told IBJ.
Technology opens doors for growing Zionsville window dealer
Zionsville-based Apex Energy Solutions is reporting a decade of double-digit annual growth and company founder Michael Foit has licensed his trademarked “Flipside” selling strategy and proprietary technology to independent operators in more than a dozen markets.
Bill roundup: State fair alcohol, digital privacy and more
A committee nearly unanimously approved a measure clearing the way for alcohol sales at the Indiana State Fair. Another committee unanimously passed a bill that would expand privacy laws to accommodate the increased use of digital technology.
Conservatives angry at GOP chiefs in marriage loss
Lawmakers amended the measure and delayed a referendum until at least 2016, despite calls from social and religious conservatives to hold the vote this year.
Fishers OKs train station project despite objections
Fishers has attracted more than $93 million in downtown projects since making redevelopment a priority in 2012. Is it too much too fast? Or a long time coming? The answer depends on who you ask.
Farm trespassing bill moves to full Indiana House
The bill would make trespassing on the production area of farm property a criminal offense and causing property damage to a farm an act of criminal mischief.
Sen. Delph wants last-ditch edit to gay-marriage amendment
After an extended Twitter tirade over the weekend stemming from a Senate move stalling the amendment, Sen. Mike Delph on Monday pledged to use a procedural maneuver to resurrect deleted language.
Basiles’ $500,000 gift to Eiteljorg includes renaming shop
Local philanthropists Frank and Katrina Basile are the first major donors in a $5 million campaign for the Eiteljorg Museum of American Indians and Western Art.
First family gives TLC to little-used Brown County cabin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
Incoming OneAmerica chief has big goals for growth
As Scott Davison steps into the shoes of OneAmerica’s retiring CEO Dayton Molendorp, who led a massive expansion of the company in recent years, he’ll be challenged to keep growing pains at a minimum.
Nursing home profits surge as owners seek moratorium
Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins.