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Articles
Mourdock will keep energy stocks if elected to Senate
Indiana Treasurer Richard Mourdock, who is challenging Republican Sen. Richard Lugar in the May 8 primary, held six different energy-related stocks last year, according to his most recent filing with the state.
Allison earnings rise on surging sales
Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
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.
Highway worker dies in accident
A construction worker was killed in an accident on the city’s northeast side Monday morning. The accident happened on the ramp from Allisonville Road to westbound Interstate 465. The worker might have been run over by a backhoe while unloading road barriers. The ramp is expected to remain closed for several hours while the accident is investigated.
NFL borrows from Indy’s Super Bowl playbook
League officials said a Super Bowl Village like the one in downtown Indianapolis will now be a requirement for future cities hosting the big game.
BENNER: Indiana Sports Corp. scores; Pacers need butts in seats
Thoughts on this, that and the other.
Investors still may clean up on some clean-tech bets
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
Manufacturers prowling for skilled workers
Factories laid off droves of workers during the recession but now struggle to find tech-savvy employees during the recovery.
Melangton replacing Williams at Indiana Sports Corp.
Allison Melangton, who led organizing efforts for the 2012 Indianapolis Super Bowl, will succeed Susan Williams as president of the Indiana Sports Corp., the organization announced Friday.
Roundup: Matt the Miller’s, First Watch, Village Cigar, Menchie’s, Jack in the Box
Restaurant roundup highlights: Daytime chain First Watch is headed downtown; Ohio favorite Matt the Miller’s Tavern is expanding to Carmel; and local owners are preparing to debut a new cigar and cocktail bar in Broad Ripple.
DIRECTORY: Residential Design Companies
Arteffects Inc. — Architectural Interiors 4420 N. Meridian St., 46208 (317) 927-0000 Professional interior designers: 2 Other professionals: 1 Services: cost-effective design that enables a desired lifestyle or business operation to occur in inspiring, purposeful ways Head(s) of local operations: Wayne Olander, president and design director Owner(s): Wayne Olander Headquarters city: Indianapolis Year established locally: […]
Dynamics in place to mint public companies aplenty
Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.
Allison shares rise in first day after expanded IPO
Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.
Analysts lukewarm to Allison ahead of market debut
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
Construction
-S&B Construction Group has started a 2,684-square-foot restaurant build-out for Noodles & Company at 8634 E. 96th St., Fishers.
-Capitol Construction has completed a 40,000-square-foot office build-out for Vision Solutions at 8470 Allison Pointe Blvd.
-Capitol Construction has completed a 22,000-square-foot office build-out for Liberty Mutual at 11611 N. Meridian St., Carmel.
Allison’s private-equity owners to get IPO spoils
When Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the more than $500 million that’s expected to be raised would go to its private-equity owners.
Allison Transmission seeks $522M in initial public offering
Indianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as much as $522 million for its private-equity owners in an initial public offering.
DAVIS: Governing from behind a computer screen
SEAS puts the analytical power of the U.S. military on our desktops.