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    Kurt Beier

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Articles

CME Group says it’s staying in Illinois

December 16, 2011

Illinois Gov. Pat Quinn on Friday signed tax-break legislation designed to keep the Chicago Mercantile Exchange and Sears Holding Co. from fleeing the state. CME had talked to Indianapolis officials about moving to central Indiana.

Transit plan may boost real estate investment

December 15, 2011

A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.

Illinois tax breaks could trigger demand for more

December 14, 2011

Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state’s governor is expected to sign it.

Leases/leasing contracts

December 12, 2011

-Fresnius Medical Care leased 21,673 square feet at 1320 City Center Drive, Carmel. The tenant was represented by Tim Norton and Jon Jessup of Summit Realty Group.  The landlord, Panattoni, was represented by R.J. Rudolph and Tom Osborne of Colliers International.

-Restaurant Technologies Inc. leased 13,095 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Frank McManus of UGL Equis. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5146-5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.

-Flap Jacks leased 4,814 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Paul Rogozinski of Veritas Realty LLC. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.

-Ossip Optometry leased 3,641 square feet of retail space at 54 Monument Circle. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Lacy Diversified Industries Ltd., was represented by Stephen Adams of Hokanson Companies Inc.

-Wanzer Edwards PC leased 2,939 square feet of office space at 55 Monument Circle. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Winthrop Realty Partners LP, was represented by Bennett Williams, Pete Anderson and Andrew Martin of Cassidy Turley.

–John A. Overman, DDS, leased 2,702 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Tully Bevilaqua LLC, dba Gym41, leased 2,700 square feet of industrial space at 5315 W. 86th St. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Indy Flex Investors LLC, was represented by Bryan Poynter of Cassidy Turley.

-Yo Joy Frozen Yogurt leased 2,358 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.

-Stratim Group Inc. leased 1,634 square feet of office space at 3755 E. 82nd St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Clearwater Office LLC, was represented by Tom Hadley of Summit Realty Group.
   
-Senior Home Companions leased 1,511 square feet of office space at 8445 Keystone Crossing. The tenant and landlord, Northside Realty Partnership, represented themselves.

-SpinWeb leased 1,465 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.

Carmel office/retail complex hurt by road project gets second chance

December 12, 2011

Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.

Illinois Senate considering CME Group tax breaks

December 12, 2011

The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber’s stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.

Illinois lawmakers under gun over CME tax breaks

December 12, 2011

Lawmakers in Illinois, where major employers are threatening to leave the state if their tax burden isn’t reduced, return to Springfield on Monday to consider what they probably can’t afford to do.

Mayors back transit tax hike in Marion, Hamilton counties

December 12, 2011

Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.

NBA owners need right to put franchise tag on players

December 9, 2011

If teams like the Indiana Pacers have no chance to hang on to star players, there will never be competitive balance in the NBA. And fans will tire of the current level of player-dictated nonsense in the league.

Entrepreneurs aim to deliver custom beverages

December 9, 2011

uFlavor_WatchVideoMad scientists, rejoice: An Indianapolis startup is rolling out a make-your-own-soft-drink campaign its founders hope will become the YouTube of the beverage industry. They left Thursday night on a 6,000-mile promotional tour.

Illinois lawmakers renew efforts to keep CME Group

December 8, 2011

Illinois lawmakers have reportedly reached a deal on a package of bills designed to prevent financial giant CME Group Inc. from fleeing to Indiana or another state.

Records – Dec. 12, 2011

December 8, 2011

Records listings from the Dec. 12, 2011, issue of IBJ.

GOP brass opts not to battle townships

December 8, 2011

Republican leaders in the General Assembly who have backed local government reform will trade ambitious proposals they’ve pursued in years past for more moderate—and widely accepted—ideas in the next legislative session.

People in the news – Dec. 12, 2011

December 8, 2011

People listings are free.

Midwest ISO announces $6.5B in electric grid improvements

December 8, 2011

The Carmel-based not-for-profit’s long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.

Carmel’s Center for Performing Arts trims staff

December 8, 2011

The Center for the Performing Arts in Carmel eliminated five positions this week as interim CEO Frank Basile tries to rein in costs at the financially challenged organization that oversees the Palladium.

Also this week

December 7, 2011

Guns N’ Roses play Conseco Fieldhouse Dec. 8. Details here.

The Chris Isaak Holiday Show comes to the Palladium for a concert of hits and holiday tunes Dec. 9. Details here.

The Central Indiana Dance Ensemble performs “The Nutcracker” Dec. 9-11 at the Zionsville Performing Arts Center. Details here.

Gregory Hancock Dance Theatre performs its “Nutcracker” Dec. 9-11 at the Pike Performing Arts Center. Details here.

From Dec. 7-22, the juried “Undergraduate Exhibition” at the Herron Gallery affords an opportunity to see work by the next generation of artists. Details here.

The Butler Chorale and University Choir offer their annual, free, “Rejoice!” concert Dec. 9. Details here.

Soprano Angela Brown joins the Carmel Symphony Orchestra for a holiday concert Dec. 10 at the Palladium. Details here. 

Phil Van Hest (aka Phil the Void) offers the December edition of his live talk show “Funny About That,” Dec. 14 at the IndyFringe Theatre. Details here.

Q&A

December 5, 2011

Carmel resident David Wasilewski has launched WhatNext, a website that uses algorithms to make it easier for cancer patients to connect with others in similar circumstances. Wasilewski, 39, spent eight years as chief operating officer of the Spanx line of body shapers and did health care consulting before that. In addition to helping patients, he thinks WhatNext can become a way for health care organizations share their expertise with patients in need.

Carmel also likely competing for CME Group

December 5, 2011

A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.

Land gift preserves 40 acres in Indianapolis suburbs

December 5, 2011

The donation to the Central Indiana Land Trust comes from farmer Van Eller, who lived most of his life on the land now surrounded by Fishers and Carmel subdivisions before he died last year at age 89.

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