Money flowing to international markets
Booming growth, rising middle classes are attracting investors.
Booming growth, rising middle classes are attracting investors.
The stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are keeping the conservative attitude they were forced to adopt two years ago.
-Harris and Ford leased 45,000 square feet of industrial space at 6635 E. 30th St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Indianapolis NI Industrial No. One LLC Inc., was represented by Luke Wessel and Kevin Kempf of Cassidy Turley.
-Wells Fargo leased 14,115 square feet at 300 N. Meridian St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, University Park Associates LLC., was represented by Mike Napariu of REI Real Estate Services.
-Aurora Bank FSB leased 10,777 square feet of office space at 5920 Castleway West Drive. The tenant was represented by Dan O’Neil of Jones Lang LaSalle. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-E-GINEERING LLC leased 8,900 square feet in Lake Pointe Center 5, 8415 Allison Pointe Blvd. The tenant was represented by Jenna Barnett of Halakar Real Estate. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Black & Co. Inc. leased 8,000 square feet at 1936 S. Lynhurst Ave. The tenant was represented by Dustin Looper of Colliers International. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.
-Liberty Mutual Insurance Co. leased 6,322 square feet of office space at 550 Congressional Blvd. The tenant was represented by Mark Stables of Grubb & Ellis. The landlord, 550 Congressional Boulevard LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley.
-Compendium leased 4,561 square feet of office space at Circle Tower, 55 Monument Circle. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, Winthrop Management, L.P., was represented by Bennett Williams and Pete Anderson of Cassidy Turley.
-Alt Construction LLC leased 1,800 square feet of office space at 8847 Commerce Park Place. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.
-All-Pro Electric leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-ATA Coatings leased 1,500 square feet at 23rd Street Industrial, 2251 N. Dequincy St., Suite D. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Boost Mobile leased 1,200 square feet at Linwood Square, 4317 E. 10th St. The landlord, Kimco Co. of Indiana, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
Three-year-old Indy Power Systems’ first big sale is outside the sizzling, electric car segment. The Noblesville firm has landed a contract with Melink Corp. to supply a 50-kilowatt grid energy storage and peak-shaving system at the company’s Cincinnati headquarters.<
First in a month-long series of looks at restaurants not far from the new Palladium in Carmel.
An incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north side of Indianapolis has been placed in receivership.
Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.
As of mid-December, the Indianapolis Convention & Visitors Association had hit about 93 percent of its 2010 goal of booking 650,000 room nights for future conventions. The group is stepping up its efforts to meet the demands of the new JW Marriott hotel and convention center expansion.
Bruce Frank, a former Roche Diagnostics manager, McKinsey consultant and pro basketball player, talks about changes in the medical device and life sciences industries.
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
Tight budgets are prompting some of the state’s largest not-for-profit organizations to launch new businesses to shore up the bottom line. The Indianapolis Museum of Art, for example, has a contract to manage the airport’s art collection.
Last week, we looked back at the year that was in Indiana sports. This week, we look ahead to the new year and what it might be.<
This year, five organizations announced or began preparing for the launch of major campaigns. The targets ranged from $12.5 million for Heartland Truly Moving Pictures to $100 million for the Indianapolis Symphony Orchestra.
One local developer emerged from bankruptcy and another fought off growing financial woes as the commercial real estate market remained challenging.
Jeff Smulyan in 2010 tried for the second time in four years to take Emmis Communications Corp. private, only to see a group of dissident investors band together to block the deal at the 11th hour.
Two-term Marion County Prosecutor Carl Brizzi drew attention for a series of questionable business deals with a local defense attorney and for his friendship and business ties to financier Tim Durham, who is under federal criminal investigation.
Just as shoppers began spending more cash at Simon Property Group Inc. malls, the Indianapolis real estate giant tried to open its own wallet for three huge deals—to mixed results.