Rusthoven too partisan
I find it condescending, crude and highly political that Peter Rusthoven [April 16] must insist on repeatedly referring to the Affordable Care Act as Obamacare.
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World-class cities have transit
The comparison between Indianapolis and Austin, Texas, [April 23] while interesting, missed one major difference.
Lightning strike causes Carmel fire
A multimillion-dollar home in Carmel caught fire after lightning struck Wednesday night. Eight fire trucks were called to the home in the Laurelwood neighborhood near 106th Street and Ditch Road at about 7:30 p.m. The homeowners were able to escape but the home sustained significant damage.
Profit plummets at ITT Educational, but tops analyst expectations
First-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined for the seventh straight quarter.
CNO Financial expects to take $20M legal charge
The charge stems from a legal dispute involving changes in some life-insurance policies sold by subsidiary Conseco Life Insurance Co.
Leases/leasing contracts
-FEMA leased 34,252 square feet of office space at 6666 E. 75th St. The tenant was represented by Gavin Muldowney of UGL Services. The landlord, Zimmer Real Estate Services, was represented by Bryan Miller of Cassidy Turley.
-Tuesday Morning leased 14,178 square feet at Speedway Super Center, 6020 Crawfordsville Road, Speedway. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Brixmore SPE 5 LLC, represented itself.
-The Department of Workforce Development leased 14,000 square feet of office space at 3400 Lafayette Road. The tenant was represented by R.J. Rudolph and Kara Riggle of Colliers International. The landlord, Earl Wade Boulware Revocable Living Trust, was represented by Bill Ehret and Alex Cantu of Summit Realty Group.
-Dollar Tree renewed its lease for 11,662 square feet at Southtown Center, 4300 S. Scatterfield Road, Anderson. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Webstream Productions Inc. leased 9,687 square feet at 5200 E. 64th St. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, OrthoPros LLC, was represented by Matt Jackson of Ambrose Property Group.
-EMT leased 9,177 square feet at 12342 Hancock St., Carmel. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CBRE.
-United Food and Commercial Workers Union Local 700 leased 4,903 square feet at 3950 Priority Way South Drive. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, PP Indianapolis V Project Corp., was represented by Tim Hull and Rick Trimpe of CBRE.
-Massey’s Pizza leased 4,280 square feet at Meridian Oaks Shoppes, State Road 135 and Main Street, Greenwood. The landlord, RCS Holdings LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.
-MedLab leased 2,429 square feet at the Indiana American Building 3, 521 E. County Line Road, Greenwood. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.
-Hathaway Strategies leased 2,281 square feet of office space at 303 N. Alabama St. The tenant was represented by Stephen Adams of Hokanson Cos. Inc. The landlord, DH Realty LLC, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Tassani & Associates Inc. leased 1,672 square feet of office space at 111 Congressional Blvd., Carmel. Both the tenant and landlord, Lauth Property Group, were represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Midwestern Engineers Inc. leased 1,581 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Darrell Pike of Pike Real Estate. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley.
-Dr. Justin Gilmore leased 1,580 square feet at 14643 N. Gray Road, Noblesville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, KRG Bridgewater LLC, was represented by Andrew Hasbrook of Kite Realty.
-The Indiana Association of Realtors leased 1,418 square feet of office space at 55 Monument Circle. The landlord, Winthrop Management LP, was represented by Bennett Williams of Cassidy Turley. The tenant represented itself.
-Chris Berger State Farm leased 1,200 square feet of retail space at 11428 Olio Road, Fishers. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, F&Z SWC of Olio LLC, was represented by Debra Courtney of Zinkan & Barker Development Co.
-Dr. Jared Himsel leased 1,200 square feet at 14350 Mundy Drive, Noblesville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Prairie Lakes Development LLC, was represented by Darrell Pike of Pike Real Estate Services.
Ball State gives new life to Fountain Square charter
Fountain Square Academy, a charter middle and high school with about 270 students, will remain open after Ball State University decided to grant it a charter to continue operating after this school year.
Brainard says he’s OK with council oversight of debt
An ordinance giving the Carmel City Council final say over debt issued by the redevelopment commission is on track for approval, and Mayor James Brainard said he won’t stand in its way.
Milhaus buys 55 acres on Keystone to build 300 apartments
One of the most conspicuous local remnants of the condo crash—an unfinished $150 million South Carolina-themed community near Keystone at the Crossing—could finally be completed, as apartments.
Carmel arts center makes room for more sponsors
The Center for the Performing Arts in Carmel expects the 2012-13 concert season, announced this week, to bring a healthy bump in sponsor revenue.
Colleges could be banned from using tax funds for marketing
For-profit U.S. colleges, including Carmel-based ITT Educational Services Inc., would be barred from spending federal taxpayer money on advertising, marketing and recruiting under a Senate bill targeting the education-based businesses.
Palladium’s 2012-13 lineup announced
Barbara Cook, LeAnn Rimes, B.B. King, Savion Glover, Sheryl Crow and more heading for Carmel.
Leases/leasing contracts
-Southern Wine & Spirits of Indiana Inc. leased 25,201 square feet of office space at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley and Frank Gallagher of Capital Structures Realty Advisors. The landlord, BPG Properties Ltd., was represented by Abby Cooper of Jones Lang LaSalle.
-On-Demand Mail Services, LLC leased 12,800 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Cassidy Turley, acting as court appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-JAZ Properties LLC leased 8,000 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Scott Herider of Lee & Associates. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-Paintman Auto Body LLC leased 7,790 square feet of industrial space at 4000 W. 10th St. The tenant was represented by Rob Christman of Colliers International. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.
-Once Upon a Child leased 6,335 square feet of retail space in an expansion/relocation within Old Town Shoppes, 1210 W. 86th St. The landlord, Sandor Development, was represented by Sandor’s Drew Kelly. The tenant represented itself.
-Pet Centers of Indiana Inc. leased 5,608 square feet of retail space at Avalon Crossing, 6935 Lake Plaza Drive. The tenant was represented by Kevin Dick and Rob Warstler of Colliers International. The landlord, Avalon Crossing LP, was represented by Tiffany Oliver of Landmark Properties.
-Sallie Mae Inc. leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-First Watch Restaurants Inc. leased 3,985 square feet of retail space at 139 N. Illinois St. The tenant was represented by Don Williams and Allison Tiefel of Cassidy Turley. The landlord, MT Acquisitions, LLC, was represented by Dave Moore, Andrew Martin, Bennett Williams, Allison Tiefel and Darrin Boyd of Cassidy Turley.
-Brendanwood Financial leased 3,485 square feet of office space in Auburn Woods Park, 9650 Commerce Drive No. 523, Carmel. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord was represented by George Crawford of NAI Meridian.
-Leisure Pool & Spa leased 2,125 square feet of industrial space in Bash Business Center, 8501 Bash St. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Mann Properties, was represented by Debbie Mann.
-Meridian Mortgage/Open Mortgage renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 414, Carmel. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-Crooked Creek CDC extended its lease for 1,200 square feet and is expanding into an additional 2,509 square feet of retail space at 7003 North Michigan Road, units A & B. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-Defender Direct leased 1,113 square feet of office space at 5455 W 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
-Kinny & Lee’s BBQ and Catering leased 960 square feet of retail space at 22nd Street Shops, 2200 N. Meridian St. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-The Flying Cupcake leased 856 square feet of retail space in Shops at River’s Edge, 4040 E. 82nd St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, KRG River’s Edge LLC, was represented by Blake Beaver of Kite Realty Group.
Suburban office market turns in strong first quarter
Net absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
Indy is poster child (again) for medical arms race
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
Lakes of Carmel apartment complex sold
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Agency increases effort to help state’s artisans sell wares
Three years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
Ticket sales firm to double client list, triple work force
Get Real Sports Sales is positioned to grow as colleges, pro teams begin to outsource ticket sales.
NCAA faces firestorm after replacing Shaheen
Since Tuesday, fans, coaches and prominent journalists have fired off more than 150 messages on Twitter or on blog posts either blasting the Indianapolis-based NCAA or praising Greg Shaheen, who had overseen all 89 of the NCAA’s championships since August 2010.