Scoop: What’s up at the Palladium in 11/12?
Lineup includes Bernadette Peters (with Michael Feinstein), Sandi Patty (with Michael Feinstein), and Marvin Hamlisch (with Michael Feinstein)…plus more acts without Michael Feinstein.
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Articles
Men’s store Jos. A. Bank plans downtown location
The men's clothing chain Jos. A. Bank plans to open a new store at Meridian and Washington streets in a much-needed vote of confidence for street-level retail downtown.
Busy chef plans new downtown Indianapolis restaurant
Owner of Pizzology in Carmel to introduce new concept in East Washington Street space.
East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
SHELLA: A theater review of the General Assembly
Indianapolis Democrat Greg Taylor goes to the microphone so much he makes Don Quixote look lethargic. Carmel Republican Mike Delph seems to scour the Drudge Report looking for new ways to make the electorate adopt his values.
Greenwood mayor rare incumbent to lose in area primaries
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city’s downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
CNO Financial’s first-quarter profits surge 59 percent
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
Construction
-Alt Construction has completed a 1,600-square-foot restaurant build-out for La Hacienda at 12237 N. Meridian St., Carmel.
-S&B Construction has been hired for an 11,500-square-foot renovation of Fresenius Medical Care at 1225 W. 86th St. The project is scheduled to be completed in August.
-TMG Construction Management Inc. has been hired to build a 3,081-square-foot New Balance Shoes store at 9893 N. Michigan Road, Carmel. The store is scheduled to be completed by May 31.
Leases/leasing contracts
-National Expo Inc. leased 39,950 square feet at 2363 E. Perry Road in the Airwest Business Park. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-James Allen Insurance leased 8,216 square feet at 11611 N. Meridian St., Carmel. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller. The tenant represented itself.
-Clinical Architecture leased 5,405 square feet at 11611 N. Meridian St., Carmel. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller.
-Community Spirits leased 4,800 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Kuaba Art Gallery leased the entire second floor, or 3,500 square feet, at the King Cole Building, 1 N. Meridian St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, King Cole Investors, represented itself.
-RadioShack Corp. leased 3,110 square feet of office space at 8730 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Pearly White Smiles Family and Cosmetic Dentistry leased 3,083 square feet at Park Meridian at 96th and Meridian streets. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Landmark Properties Inc. represented itself.
-Commonwealth Brands leased 2,997 square feet at 8910 Purdue Road. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Zeller Realty Group, was represented by Mark Vollbrecht of Zeller.
-Transformations at Pilates Studio LLC leased 2,228 square feet of retail space at 3958 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, Clearwater Crossing LP, was represented by John Beuoy of Broadbent Co. Inc.
-Zogurts LLC leased 1,600 square feet of retail space in Fall Creek Harbour, 10134 Brooks School Road, Fishers. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Gordon N. Stowe & Associates Inc. leased 1,553 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.Pizzology chef plans new downtown concept
Neal Brown, the popular local chef behind Carmel's Pizzology is outfitting the former home of Nia's Deli at 38 E. Washington St. for a new restaurant called The Libertine.
Weakened immigration bill clears Legislature
Businesses that hire illegal immigrants could have some Indiana state tax credits revoked under a proposal that’s been approved by the Legislature.
People
Dr. Sara Wine, a family medicine specialist, joined St. Vincent Physician Network in Fishers. She received her medical degree from the Des Moines University College of Osteopathic Medicine in Iowa.
St. Vincent Health named Gary Everling its system executive of business development. He will help St. Vincent’s 20 hospitals develop relationships with physicians, businesses, community leaders and non-affiliated hospitals, as well as putting together mergers and acquisitions. Everling was most recently head of business development for St. Vincent Carmel Hospital.
Indianapolis-based Harlan Laboratories Inc. named Dr. Manuela Leone as its new president of contract research services. A former pediatrician, Leone has spent the past 18 years in the contract research services industry, at such companies as Pharmacia, MDS Pharma Services and ICON Clinical Research. She will be based at Harlan’s contract research services facility in Itingen, Switzerland.
Local developer seeks bankruptcy protection
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
Compromise emerges on Indiana immigration bill
The state senator who said Indiana should crack down on illegal immigration says a compromise includes the potential loss of state tax benefits for businesses hiring illegal immigrants.
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.
Restaurants plan Indianapolis-area expansions
New locations of various eateries are planned in Carmel, downtown, and on the north and south sides.
Who’s Who in Commercial Real Estate – 2011
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.