New shooting range draws crowd in Hamilton County; another in the works
The northern-suburb county should have two shooting ranges operating by the end of this year; owners of both business say Hamilton County is a ripe market.
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EDITORIAL: Commuter tax needs fences
Indy Chamber might incite a little road rage by proposing a commuter tax that would allow Indianapolis to collect revenue from those who work in the city but live outside county lines.
Developer planning Sophia Square sequel near Meridian Street
The developer behind the $60 million Sophia Square building in Carmel’s Arts & Design District is proposing a similar project about a mile west.
Pain mounts for Telamon after reporting $5M theft
The Carmel company complains that its insurers “denied all coverage for the theft-fraud loss under both policies on the grounds that the individual leased to Telamon was an ‘employee’ of Telamon, and simultaneously was not an ‘employee’ of Telamon.”
Speedway stores cited for beer sales on Christmas
Indiana State Excise Police have cited 109 Speedway convenience stores in Indiana, accusing them of illegally selling beer on Christmas.
ITT shares in freefall as student-loan losses mount
ITT Educational Services took it on the chin in the fourth quarter as big payments stemming from a 2009 student-loan arrangement forced an $11.6 million loss. Adding to the woes is another probe by the federal government.
ITT stock sinks as for-profit colleges face more probes
For-profit colleges, bruised by years of investigations and rule-making, may face additional financial pressure from a new wave of state probes by attorneys general and the U.S. Consumer Financial Protection Bureau.
2014 Forty Under 40: Ilya Rekhter
While at Indiana University, Ilya Rekhter, now 25, was intrigued by transportation—specifically why fuel efficiency and safety have improved but there still wasn’t a way to know when your already-20-minutes-late bus would arrive. His solution: DoubleMap, a bus-tracking application.
2014 Forty Under 40: Rebecca Geyer
Geyer, 39, runs a namesake law firm and finds time outside the office for a host of contributions.
2014 Forty Under 40: Ben Carlson
Carlson, 39, is president and co-creator of Fizziology, and has the eye of Hollywood execs.
2014 Forty Under 40: Angela Adams
Adams, 39, is associate general counsel for immigration at Indiana University, and a passionate advocate for the immigration cause.
Longtime city hall reporter latest to leave Star
The Denver Post has snagged Jon Murray, who will join the ranks of more than a dozen Indianapolis Star newsroom staffers to depart in the last year.
Mass-transit bill clears Senate committee, with changes
A mass-transit bill for metro Indianapolis cleared a key Senate committee Tuesday morning, but left open many questions about how such a system would be funded. An amendment to the bill nixed the use of light rail.
State unemployment rate shrinks to 6.9 percent
The improvement came despite a small decline in private-sector employment of 4,800 jobs during the month.
Statehouse update: Deer hunting, miscarriages, veteran education, Indiana-grown, and more
State lawmakers on Monday weighed in on legislation involving canned deer hunting, college credit for veterans, parental options after miscarriages, out-of-state seedling sales, and more. Here’s a rundown.
States investigating ITT, other for-profit education firms
For-profit education companies are facing public criticism and regulatory scrutiny over high drop-out rates, graduates' poor job prospects and the high debt levels of its students.
Leases/leasing contracts
-Southern Wine & Spirits of America renewed its lease for 211,500 square feet of industrial space at 800 Commerce Parkway Drive, Greenwood. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Liberty Property Trust, was represented by Jake Sturman of Jones Lang LaSalle.
-Golf Galaxy leased 35,056 square feet at Castleton Square Pavilion, 5625 E. 86th St. The tenant was represented by Paul Gold of ECHO Real Estate Services. The landlord, Castleton Anchor Redevelopment II LLC, was represented by Thomas English and Larry Davis of Sitehawk Retail Real Estate.
-Ingredion Inc. leased 13,864 square feet at 5521 W. 74th St. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Duke Limited Partnership, was represented by Kate Willen of Duke Realty Corp.
-Winner Woodworking Inc. leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.
-Mattress Firm leased 4,500 square feet at U.S. 40 Shops at Perry Road and U.S. 40, Plainfield. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, ECC Main Street Property LLC, was represented by Larry Davis and Thomas English of Sitehawk Retail Real Estate.-MS Consultants Inc. leased 3,627 square feet at 8900 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Provident Funding Associates LP leased 3,050 square feet at 8900 Keystone Crossing. The tenant was represented by Kevin Gillihan 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.-Symetra Life Insurance leased 2,830 square feet at 9100 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate Group. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Blaze Pizza leased 2,400 square feet at Meijer Outlot Shops II, 12697 N. Pennsylvania St., Carmel. The tenant was represented by Allison Hawley of Niessink Commercial. The landlord, ECC Carmel Meijer Shops II LLC, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate.
-National Electrical Contractors Associates leased 2,247 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-Chipotle Mexican Grill leased 2,240 square feet at Meijer Outlot Shops II, 12697 N. Pennsylvania St., Carmel. The tenant was represented by Bryan Chandler of Eclipse Real Estate. The landlord, ECC Carmel Meijer Shops II LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Diagnotes Inc. leased 2,025 square feet at 8900 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Combined Insurance Co. of America leased 1,854 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-TKH Holdings LLC leased 1,750 square feet at Harbourtown Shoppes, located at North Harbour, Noblesville, for a Friends & Company restaurant. The landlord, Harbourtown Center LLC, was represented by J.W. Ernst of Charter Commercial Realty Group. The tenant represented itself.
St. Vincent hospitals not quite as rich as they seem
St. Vincent Health has been sending roughly $50 million to $70 million every year to its parent company, St. Louis-based Ascension Health, to support other hospitals in Ascension’s 93-hospital network.
Utility regulatory openings generate heavy interest
Twenty-one candidates are in the running to fill two openings on the Indiana Utility Regulatory Commission.