U.S. banks to pay $8.5B in mortgage settlement
Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting the best of the deal.
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Articles
Indiana liberal arts colleges strategize to survive perfect storm
Colleges are experimenting with business models at a time when the ability of students and their families to pay are dropping dramatically, and endowments and scholarship funds remain depressed.
Pence names commerce secretary, IEDC chief
Victor Smith will serve as secretary of commerce and Eric Doden will lead the Indiana Economic Development Corp., the incoming governor announced Thursday.
Farmers seek rescue from unexpected property tax hit
New soil-productivity factors issued by the Department of Local Government Finance last year would have raised tax collections an average 18.5 percent this year.
Zoo group introduces smaller counterpart to Zoobilation
The Indianapolis Zoo Associate Council—a recently formed collection of about 50 “young professionals” who support the Indianapolis Zoo—is hosting the inaugural Zoolala formal affair on Feb. 2.
Lampoon paid for Durham’s defense, trustee alleges
Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.
2013 Forty Under 40: Andrew Held
Andrew Held had an impressive law career going—as an Indiana University-Bloomington law student, he clerked for federal Judge Sarah Evans Barker and Indiana Court of Appeals Judge Margret Robb before joining Hackman Hulett & Cracraft LLP and then Bose McKinney & Evans LLP in its Real Estate Group.
City-County Council approves north-side TIF district
A new redevelopment area will be created on the north side, as the Indianapolis City-County Council voted 23-5 Monday night in favor of the North Midtown tax-increment finance district.
Leases/leasing contracts
-Shoppers World leased 27,000 square feet of retail space in Esquire Plaza, 8311 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Planet Fitness leased 23,000 square feet of retail space in Washington Market, 10435 E. Washington St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Washington Market Realty LLC, was represented by Jeff Roberts of Sandor Development.
-Unclaimed Furniture leased 9,504 square feet of retail space in Esquire Plaza, 8101 Pendleton Pike, Unit A1. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Stage 1 Dance Academy leased 7,455 square feet of retail space at Ashley Crossing, 740 Lowes Blvd., Greenwood. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Consigned by Design leased 6,174 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit A. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
-Body N Motion leased 6,000 square feet of industrial space in Fairfield Business Park 9327 Castlegate Drive. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, First Industrial Realty Trust, was represented by Chris Black and John Hanley of CBRE.
-Ports of Indiana renewed its lease for 5,681 square feet at 150 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, NEA Properties Inc., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Salon Lofts leased 4,545 square feet of retail space at Ashley Crossing, 740A Lowes Blvd., Greenwood. The tenant was represented by Michael Cranfill and Scott Gray of Sitehawk Retail Real Estate. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.
-Compendium Software LLC renewed its lease for 4,679 square feet in Circle Tower, 55 Monument Circle. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar Real Estate. The landlord, Ambrose Property Group LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Anytime Fitness leased 4,200 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit N. The tenant was represented Jim Runyon of FRE Advisors. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
-Dog Track Resort leased 3,750 square feet of industrial space at 2101 Cunningham Road. The tenant was represented by Greg Smith of Colliers International. The landlord, B&W Services LP, was represented by Jim Karozos and Bob Lindgren of Lee & Associates.-Friends of The American Legion leased 1,820 square feet of retail space at East 40 Plaza, 8510 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Revol Wireless leased 1,622 square feet of retail space in Esquire Plaza, 8241 Pendleton Pike. The tenant was represented by Courtney Carper of Equity. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.
-Hot Box Pizza leased 1,586 square feet of retail space in Village Commons III, 3147 W. Smith Valley Road, Greenwood. The tenant was represented by Jason Challand of Echelon Realty Advisors. The landlord, VC3 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Noble Roman’s Take-N-Bake Pizza leased 1,500 square feet of retail space in Sutton Park, 586 S. State Road 135, Greenwood. The tenant and landlord, Sutton Park LLC, were represented by Cathy Richards of Lee & Associates.
-Fannie Mae Candies subleased 1,440 square feet of retail space in North by Northeast Shoppes II, 8270 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The sublessor, iSOLDit on Ebay, was represented by Spero Pulos of Lee & Associates.
-Indiana State Building & Construction Trades Council leased 1,267 square feet at 150 W. Market St. The landlord, NEA Properties Inc., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
-Crepe Guys leased 1,050 square feet of retail space in Old Town Shoppes, 1232 W. 86th St. The tenant was represented by Itamar Cohen of Indiana Realty Group. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
-Lets Get Started LLC leased 1,000 square feet of retail space at Carmel Shopping Center, 1025 W Main St., Carmel. The tenant was represented by Brad Litz of Realty Partners.The landlord JR Farmer Finance LLC, was represented by Thomas Willey of Willey Commercial Real Estate.
Former Marsh CFO sought out bankruptcy lawyers
The former executive of Marsh Supermarkets Inc. said he became so concerned about the company’s deteriorating finances less than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
Indiana tries to close loophole that helped Durham commit fraud in Ohio
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard that caused trouble for Fair Finance investors.
Marsh Supermarkets asking former CEO to pay $5.6M
A company lawyer itemized the expenses Marsh Supermarkets believes it is owed during closing arguments Friday. A lawyer for Don Marsh argued that he neither committed fraud nor breached his contract.
Decision could come soon on Don Marsh severance claim
The issue will be decided by Judge Sarah Evans Barker, who presided over a two-week civil trial that saw a federal jury return a $2.2 million judgment against the former CEO of Marsh Supermarkets Inc. late Friday night.
High-priced Chicago firm handling Durham’s appeal pro bono
A lawyer from one of the nation’s largest law firms is handling the convicted financier’s federal appeal free of charge, court documents show.
Lampoon: Durham used $1M from company to pay attorney
Film company once headed by Indianapolis financier Tim Durham says he transferred $1 million to his Indianapolis lawyer, John Tompkins, while fighting federal securities fraud charges.
FEIGENBAUM: General Assembly is Senate-centric this term
Cynics might suggest the General Assembly really hasn’t accomplished much since convening in January. While that’s a tad unfair, the session does seem unusual.
Ice Miller finds utility in Kay Pashos’ executive past
Member of firm’s emerging energy practice was once president of PSI Energy.