Crews to shore up roof at 2-year-old Palladium
Construction of the $119 million Carmel concert hall was halted in mid-2009 after an inspection revealed a rip in the structural steel supporting the venue’s signature domed roof.
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IEDC deal with Mainstreet put on hold by Pence
Gov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic incentives to a company started by a top Republican lawmaker and his son.
Construction
Capitol Construction has completed a 6,000-square-foot service bay expansion for Ed Martin Buick GMC at 9896 N. Michigan Road, Carmel.
Leases/leasing contracts
-Bidpal Inc. leased 17,901 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, CIII Asset Management LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-MCL Restaurant & Bakery leased 4,918 square feet of retail space at 2113-2123 E. 62nd St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.
-Salon Lofts leased 4,657 square feet at Cool Creek Village, 2750 E. 146th St., Carmel. The tenant was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.
-BioCrossroads extended its lease for 4,620 square feet of office space at 300 N. Meridian St. The landlord, University Park Associates, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
-Century Link leased 3,998 square feet of space at Haverstick, 8250 Haverstick Road. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Citimark, was represented by Brian Fitzgerald of Citimark.
-Dennis Frazee DDS leased 3,200 square feet at 100 Town Center Drive South, Mooresville. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mooresville Medical LLC, was represented by Alex Cantu of Summit Realty Group.
-Mattress World leased 3,200 square feet at Emerson Commons, 6815 S. Emerson Way. The tenant was represented by Kyle Hughes and Jamison Downs of Veritas Realty LLC. The landlord, Emerson Commons, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.
-Indiana Academy of Family Physicians Inc. leased 3,010 square feet at Circle Tower, 55 Monument Circle. The tenant was represented by Tyson Chastain of Cornerstone Companies Inc. The landlord, Ambrose Circle Tower LLC, was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Orange Leaf Yogurt leased 1,649 square feet of retail space at 5220 E. Southport Road. The tenant was represented by Beth Patterson of Colliers International. The landlord, Indiana Properties Group LLC, was represented by Jacque Haynes of Cassidy Turley.
-A Nail Salon leased 1,614 square feet at Olio Pavilion, 11630 Olio Road, Fishers. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Capitol Assets LLC leased 1,521 square feet at 150 W. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Wellness Center leased 1,200 square feet at Crooked Creek, 7872 N. Michigan Road. The landlord, Michigan Realty LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Dr. Gregory Hale leased 1,150 square feet at Green on Meridian, 10291 N. Meridian St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Gibraltar, was represented by Jimmy Clark of Jones Lang Lasalle.
Sales/acquisitions
-Moorehead Communications Inc. bought a 47,335-square-foot building on six acres at 525 Congressional Blvd., Carmel. The buyer was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The seller, HLM Properties, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Citizens Energy Group bought 4 acres at 4434 W. 86th St. The sellers, Robert and Larry Cool, were represented by Ross Reller of Colliers International. The buyer represented itself.-Promise Ventures LLC bought a 2,100-square-foot office suite at 12574 Promise Creek Lane, Suite 118, Fishers. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.
Developer to move HQ to Carmel, create 25 jobs
Fast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
Indiana lawmakers poised to drop school guns mandate
The chairman of the House committee currently considering the bill said he expected changes would be made before it advances, while the bill's main House sponsor signaled he wouldn't fight to keep the mandate, which was added last week.to violent attacks.
Iraq column not credible
I read with incredulity Mike Hicks’ [March 25] column on the Iraq war’s “success or failure.”
Smartphone videos rewrite rules of customer research
Carmel-based Strategic Marketing & Research Inc. is among firms tapping the capabilities of video-enabled smartphones to gain insights into consumers’ thoughts and emotions. They’re doing this by having consumers use their phones to shoot a video diary of their product experiences.
What’s New: Carmel strip mall swim school
The signs are up and construction has kicked into overdrive as Goldfish Swim School races to open its first Indiana location this month. Founded in Michigan, Goldfish specializes in teaching children to swim.
Kelley School launching MBA for midcareer physicians
The idea behind the program, which starts in September, is that doctors can no longer leave the business aspect of their jobs to the finance guys while maintaining their integrity as healers.
Charlie & Barney’s ends 36-year restaurant run
Indianapolis chain Charlie & Barney’s, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
North of 96th: a new destination for news
I’m at the wheel of IBJ’s new mobile bureau covering the northern suburbs of Carmel, Fishers, Noblesville, Westfield and Zionville. Feel free to point me in the right direction.
Credit union robbed in Carmel
Carmel police are seeking two suspects in an armed robbery of the Forum Credit Union in Carmel on Monday. The men, wearing masks, entered the credit union at 2259 E. 116th St., about 9:30 a.m. and escaped with an undisclosed amount of cash. They fled in a yellow Chevrolet Cobalt that was found abandoned near 116th Street and Keystone Avenue.
Mass-transit bill hits detour in Senate committee
Members of the state’s Tax and Fiscal Policy Committee voted 12-0 on Tuesday morning to stall legislation that would give central Indiana voters the ability to choose if they want to pay higher taxes for expanded mass transit.
Pedcor moving ahead with $13M Central State apartments
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
Carmel financial adviser accused of using faith to prey on victims
A central Indiana man banned from selling investments faces 10 securities fraud counts for allegedly using shared Christian beliefs to dupe clients out of more than $580,000.
Indiana’s health care transparency laws get failing grade
Indiana’s laws requiring hospitals to release price information are woefully inadequate, according to a report by two health insurance reform groups. Indiana was among 29 states to receive an "F" grade.
CNO Financial to take $57M charge in first quarter
The Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to a recent tender offer.