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.
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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.
CNO’s Bonach has insurance firm back on offense
CNO Financial Group’s stock price has nearly doubled since Ed Bonach took the helm in October 2011. Some analysts that follow the successor to Conseco Inc., which a decade ago was the nation’s third-largest Chapter 11 bankruptcy reorganization, now regard CNO as an attractive value play.
Mayors organize to tackle regional issues
The leaders of 18 central Indiana cities and towns have formed a group that intends to address regional concerns, starting with a proposed $1.3 billion, 10-year mass transit plan.
Stock buyback continues at CNO
The Carmel-based owner of Bankers Life and other insurance companies has seen its stock rise as it restructures debt.
Bazbeaux founders settle lawsuit
Deborah Borchelt, who co-founded Bazbeaux Pizza, has agreed to sell her half stake in the popular restaurant chain to co-founder Jeffrey Berman to settle a lawsuit he filed last February claiming she had violated a non-compete agreement by opening B’s Po Boy restaurant in Fountain Square. Deborah Borchelt opened B’s Po Boy last year with […]
RACE: Here’s how we can design our way to prosperity by 2040
If we do not think about whom we are designing the Indianapolis region for, we will, by default, turn design decisions over to speculators and partisans.
Indiana lawmakers seek decentralized school choices
Two Republican state senators announced Wednesday they will push measures to decentralize school leadership in Indiana and pull the state out of a national education initiative.
Bazbeaux founders settle lawsuit
Former husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain Square sandwich shop.
LOU’S VIEWS: 2012 A&E favorites
With so much to choose from, it’s impossible to say what was best. Instead, here are some of my favorites of the year.
Digital marketer ExactTarget splashed onto NYSE
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
Holiday retail sales growth weakest since 2008
Shoppers were buffeted this year by a string of events that made them less likely to spend. The numbers also show how Washington’s current budget impasse is trickling down to Main Street and unsettling consumers.
Two Scotty’s to reopen as Detour American Grilles
The owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current operator, Indianapolis-based A Pots & Pans Production.