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Leases/leasing contracts
-BGBC Partners LLP leased 15,783 square feet of office space at 300 N. Meridian St. The tenant was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group. The landlord, REI Real Estate Services LLC, was represented by Mike Napariu of REI Investments.
-Kirkland’s leased 8,482 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road.The tenant was represented by Roland Mackie of RightSite. The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Cantrell Strenski & Mehringer LLP leased 8,405 square feet of office space at 150 W. Market St. The tenant was represented by George Dury of Dury Investment Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Bensussen Deutsch & Associates leased 4,271 square feet of office space at 32 E. Washington St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Indiana Symphony Society Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Imagine Hope Counseling Group LLC leased 3,233 square feet of office space at 3105 E. 98th St. The tenant was represented by Brian Askins of UGL Equis. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-TOC Logistics leased 3,192 square feet of office space at 2629 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.-American Academy of Osteopathy leased 2,955 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Pediatric Nursing Specialists leased 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-VEAPS Inc. leased 2,362 square feet of office space at 6535 E. 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Zoup! leased 2,332 square feet at Meijer Outlot Shops, 1430 W. Carmel Drive, Carmel. The tenant was represented by Robyn Smart of CB Richard Ellis.
The landlord, Terre Carmel East LLC, was represented by Larry Davis and Thomas English of Sitehawk Retail Real Estate.-Hull & Associates leased 1,982 square feet of office space at 6435 Castleway West Dr. The tenant was represented by Dustin McFarland of Mohr Partners. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Rapid Logistics leased 1,232 square feet of office space at 2611 Waterfront Parkway. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc. The tenant represented itself.
Total pay for executives surged in 2010
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
CEOs see stock windfall after market crash
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
Rise of machines bodes well for tech firm Mesh Systems
The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
Legal bills make it tough for City Market to become self-sustaining
The city’s mounting legal bills to cover lawsuits involving Indianapolis City Market are adding to the taxpayer cost of subsidizing the venue and making it tougher for the market to become self-sufficient.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
EDITORIAL: Nordstrom loss not death knell for downtown
The news that Nordstrom Inc. will close its Circle Centre mall store July 31 is proof that the suburbs still rule where retail is concerned, but it shouldn’t signal a repeat of the gradual decline downtown suffered when merchants began leaving the city’s core in the 1950s.
Construction
-Kort Builders has completed an 1,800-square-foot retail space for The Sewing Center at 105 S. Raceway Road.
-Kort Builders has completed a 2,800-square-foot restaurant space for Boondogglers at 65 Boone Village, Zionsville.
-Kort Builders has completed a 2,400-square-foot retail space for Sharkey’s Cuts for Kids at 12525 Old Meridian St., Carmel.
Sales/acquisitions
-Wood 96th RE LLC bought two office buildings totaling 34,000 square feet at 3510 and 3520 E. 96th St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Buckingham Cos., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Electro Reps Inc. bought a 3,500-square-foot office building at 220 N. Rangeline Road, Carmel. The price wasn’t disclosed. The buyer was represented by Brian Fitzgerald of Citimark Management Company Inc. and Matt Carlstedt of Citimark Realty Partners. The seller, JBS Holding LLC, was represented by Peter Pizarro of F.C. Tucker Co.
Analyst: Feds’ new rule may not sink ITT Educational, peers
Shares of for-profit education companies—including Carmel-based ITT Educational Services Inc.—ended higher on Tuesday as a William Blair analyst said a long-awaited federal "gainful employment" rule likely won't hurt vocational school chains as much as investors think.
Merrillville-based bank targets Carmel
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
Leases/leasing contracts
-Southern Wine & Spirits of Indiana Inc. leased 25,201 square feet at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Pharmakon Long Term Care LLC leased 12,555 square feet at 801 Congressional Blvd, Carmel. The landlord, Technology Center Associates II LLC, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
-McKinney Renovators & Builders LLC leased 5,756 square feet at 3250 N. Post Road. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Allergy & Asthma Care of Indiana PC leased 5,044 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services.
-Optiview Vision leased 4,984 square feet at Southtown Center, 4648 S. Scatterfield Road, Anderson. The landlord, Charles Street Associates III LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-VFA Inc. leased 4,222 square feet at 8365 Keystone Crossing. The tenant was represented by Andrew Follman of Meridian Real Estate LLC. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Adkins and Associates Inc. leased 3,060 square feet at 7026 Corporate Way at Corporate Center North. The landlord, CalEast Industrial Investors LLC, was represented by Kyle Powell, Russell Van Til and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Navigator Holdings Inc. leased 2,685 square feet in Pan Am Plaza, 201 S. Capitol Ave. The landlord, Coastal Partners LLC, was represented by Pete Anderson, Bennett Williams and Andrew Martin of Cassidy Turley. The tenant represented itself.
-Nicole Van Lee, DDS, leased 2,000 square feet at the Harrison Center, 9105 E. 56th St. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
-Miko Hair leased 1,600 square feet of retail space in Greenbriar Shopping Center, 1261 W. 86th St. The tenant and landlord, Prime Property Investors, were represented by Nick Smyrnis of Lee & Associates.-Elizabeth Johnson & Associates leased 1,500 square feet of office space in Greenwood Professional Park, 622 N. Madison Ave., Greenwood. The tenant was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates. The landlord, Greenwood Professional Park, represented itself.
-Auntie Em’s Frozen Custard & Baked Goods leased 1,400 square feet of retail space in the Old Town on the Monon center at 111 W. Main St., Carmel. The landlord, Barrett & Stokely, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
IU Health buying docs in hospital ventures
Indiana University Health is now quietly unwinding the physician ownership of its hospitals in Carmel and Avon—which sparked loud controversy when they opened in 2004 and 2005.
Indiana companies attracting more VC this year, report says
The $68.6 million invested in Indiana companies through the first quarter comes close to approaching the $79.3 million total that venture capital firms invested in the state in all of 2010.
Frozen yogurt hot item on local retail scene
Frozen yogurt businesses are sprouting up all over the Indianapolis area, with owners hoping to cash in on the public’s appetite for what they perceive as a healthy treat.
Art Center shakeup raising concerns
Indianapolis Art Center CEO Carter Wolf is drawing fire from some quarters over a staff shakeup that he says is needed to grow enrollment at the Broad Ripple not-for-profit. But Wolf insists that won’t hinder progress.
New TIF districts could spur urban development
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
EDITORIAL: Smart growth likely result of Zionsville battle
Zionsville’s family feud over commercial real estate development has stirred passions among people who seem to agree, at least outwardly, on one point: The town’s growth should be managed to preserve its quality of life.