Shepherd Insurance agency goes on buying spree
The Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add 17 people to its staff.
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Roundup: Upland Brewing, Lincoln Square, Old Carolina
A new roundup includes a new Upland brewpub for Carmel, another location for breakfast hotspot Lincoln Square, and a Carolina barbecue joint looking for love in Indianapolis.
Environmentalists concerned about Indiana agenda
One of Indiana's largest environmental groups said Friday it was concerned that this year's General Assembly may weaken Hoosiers' ability to protect themselves from pollution and other health risks.
Pence names human services chief, ag director
Gov. Mike Pence on Thursday named Debra Minott, an attorney with health care regulatory experience, to run the Indiana's human services agency while it implements the looming Medicaid expansion. Pence also named Gina Sheets to lead the Agriculture Department.
Soccer stadium could be development springboard
Landing a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
Another side of the income debate
I read [in the Dec. 31 IBJ], with great dismay, that a millionaire lawyer is not able to charge his clients as much as an attorney in another state.
Well-known Indianapolis developer launching pro soccer team
Keystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
Developer settles suit with Hudson condo residents
The complaint alleged that Hudson residents in 2011 began noticing cracks in the first-floor walls and ceiling of the downtown condominium, in addition to noticing a slope in the floor.
New ChaCha unit to pair celebrities, advertisers
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
ExactTarget stock finishes year in positive territory
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors’ woes.
Analysts: ITT’s woes are likely to worsen
Investors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
Gov.-elect Pence to seek losers-pay tort reform
Indiana Gov.-elect Mike Pence will include tort reform in a first-year legislative agenda that is slowly taking shape.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
Roundup: That Fun Place, Salon Lofts, Five Below
Coming soon to the Indianapolis area: A family amusement center, a series of upscale salons and a youth-oriented general store where everything costs $5 or less.
Leases/leasing contracts
-County Line Emporium leased 85,000 square feet at West Washington Street Center, at West Washington Street and Interstate 465. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, West Washington Street Partners LLC, represented itself.
-Indiana Institute of Technology leased 19,806 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Yumi Prater of Colliers International. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Oobatz leased 5,784 square feet at 3716 E. 82nd St. The landlord, Clearwater I LLC, was represented by Liz Yoho of Providence Development. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Anytime Fitness leased 5,000 square feet of retail space at 1901-1943 Melody Lane, Greenfield. The tenant was represented by Brent Godbout of Franchise Real Estate. The landlord, Lor Corp., was represented by Jacque Haynes of Cassidy Turley.
-Maxim Healthcare Services Inc. leased 4,511 square feet of office space at 6505 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Massage Envy leased 4,049 square feet at Northfield Commons, Northfield Drive and N. County Road 625 East, Brownsburg. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Brownsburg Development LLC, was represented by Liz Yoho of Providence Development.
-AthleticCo Physical Therapy leased 3,313 square feet at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick of Colliers International.
-Tax Management Associates Inc. leased 3,138 square feet of office space at 6081 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Piada Italian Street Food leased 3,011 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Golf Etc. Avon leased 2,500 square feet of retail space in Avon Commerce Crossing, 8179 E. U.S. 36, Avon. The landlord, Commerce Crossing, LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Tegry Bistro leased 2,495 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The landlord, 116th & Olio LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-McNamara Florist leased 2,262 square feet of retail space at 10106 Brooks School Road, Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.
-Jude Momodu Holdings LLC leased 1,800 square feet of office space at 480 E. Northfield Drive, Brownsburg. The landlord, Crouse Management LLC, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.-Marco’s Pizza leased 1,711 square feet at Bridgewater Marketplace , 14641 N. Gray Road, Westfield. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, KRG Bridgewater LLC, was represented by Blake Beaver of Kite Realty Group.
-Yats Cajun Creole Restaurant leased 1,600 square feet at Traders Point II, 5650 W. 86th St., Suite 132. The tenant was represented by Gary Perel of Halakar Properties. The landlord, Kite West 86th Street II LLC, was represented by Blake Beaver of Kite Realty Group.-Lawrence Arany and Darrell Dolan leased 1,232 square feet of office space at 6525 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Yats Cajun Creole Restaurant leased 1,001 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Natasha Evans of Buckinghan Real Estate.
Correction
Precision Point Inc. leased 1,222 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant name was incorrect in the Dec. 18 Real Estate Weekly.
ITT agrees to pay Sallie Mae $46M to settle suit
Wall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares traded for more than $66 about 10 months ago.
Michigan’s right-to-work law could change Indiana’s economic development pitch
As the controversial provision spreads to other states in the region, Indiana is likely to give more weight to its other selling points.