Indianapolis bio sector hopeful as venture firms cash out
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
New locations of various eateries are planned in Carmel, downtown, and on the north and south sides.
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. IBJ is identifying those people in eight different industry categories. Up this month: commercial real estate.
John Elbin forced the ailing grocery chain to confront its problems during his five months with the company.
The French-inspired Petite Chou is planning a new downtown restaurant at 30 S. Meridian St., next door to The Oceanaire Seafood Room.
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
Detour: An American Grille, Cannoli Queen and a couple of new frozen yogurt spots lead off a crowded restaurant and retail roundup.
Businesses that hire illegal immigrants could have some state tax credits revoked under a proposal that has cleared the Indiana House.
Bren Simon lost control over her late husband’s multibillion-dollar estate, but she sold a New York City condo for $48M in March, and is trying to sell a mansion in L.A. for $50M.
The project is part of a larger effort to upgrade the road to interstate standards.
Flashy displays of wealth seldom erupt in Indianapolis after an entrepreneur makes good, and they’re even more unusual now that the recession sobered even the most successful among them.
The Carmel-based operator of for-profit colleges earned $85.4 million in the three months ended March 31, a 2.4-percent decline from the same quarter a year ago.
-Alt Construction has completed a 3,000-square-foot office build-out for American Equity Mortgage at 9000 Keystone Crossing, Suite 234.
-Alt Construction has completed a 6,940-square-foot office build-out for Health System International at 5975 Castle Creek Parkway, Suite 100.
-Alt Construction is doing a 15,700-square-foot office build-out for Creative Converting at 6602 E. 75th St.
-Alt Construction is doing a 6,565-square-foot office build-out for Micro Med at 8730 Commerce Park Place, Suite E.
-Alt Construction is doing a 2,000-square-foot office build-out for the Marion County Assessors Office at 951 E. 86th St., Suite 100.
-Alt Construction is doing a 1,928-square-foot retail build-out for Orange Leaf Yogurt at 2760 E. 146th St., Carmel.
-Roll Coater Inc. leased 26,505 square feet of office space at 8440 Woodfield Crossing Blvd. The tenant was represented by Dan Richardson and Nick Svarczkopf of CB Richard Ellis. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Hibachi Grill and Supreme Buffet leased 15,908 square feet at Honey Creek Plaza, 5390 W. 38th St. The tenant was represented by Mark Sturgis of ADM Commercial Properties. The landlord, Sandor Development, was represented by Jamison Downs of Sandor.
-Mediation Group leased 7,277 square feet at 8888 Keystone Crossing. The tenant was represented by Jim Fasone of Summit Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Jones Lang LaSalle leased 6,908 square feet at 8900 Keystone Crossing. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Indiana Lumbermens leased 5,676 square feet at 8888 Keystone Crossing. The tenant was represented by Denice Michel of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Asian Cuisine leased 2,913 square feet at Raceway Commons, 55 S. Raceway Road. The tenant was represented by Leo Tian of TLC Real Estate South. The property, which is in receivership, was represented by Lee Wilhite of CB Richard Ellis.
-Superior Discount Liquor leased 2,800 square feet at Greenwood Springs, 1279 Emerson Ave., Suites E and F, Greenwood. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Tullos Communications leased 1,600 square feet at Geist Crossing Shoppes, 9811 Fall Creek Road. The tenant was represented by Scott Messing of SM Equities LLC. The landlord, Glendale Partners, was represented by Paul Rogozinski of Veritas Realty.
-Go Company USA leased 1,500 square feet at Fidelity Keystone Office Tower, 650 E. Carmel Drive, Carmel. The tenant was represented by Debbie Shumate of Alliance Commercial Real Estate. The landlord, Equicor Development at FK LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-Subway leased 1,465 square feet at 301 N. Illinois St. The landlord, REI Real Estate Services, was represented by Mike Napariu of REI. The tenant represented itself.
-Kumon Math and Reading Center leased 1,415 square feet at Fishers Crossing Shoppes, 11846 Allisonville Road, Fishers. The landlord, Glendale Partners at Fishers Crossing Inc., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Cannoli Queen LLC leased 1,400 square feet at Greenwood Springs, 1279 Emerson Ave., Suite D, Greenwood. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, Regency Realty Group Inc., was represented by Keith Fried of Sitehawk Retail Real Estate.
-Confectioneiress Cupcakes & Sweets Inc. leased 1,260 square feet at Zionsville Station, 80 Brendon Way, in Zionsville. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.