IHOP adding several restaurants
The chain is trying to regain a foothold in central Indiana with two locations under construction and at least three more in the works.
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Articles
Architect’s role goes beyond blueprints
Architect Sungano Ziswa, a native of Zimbabwe, is Domain Architecture’s primary adviser on an apartment project that is the largest solo effort Domain has undertaken in its 15-year history.
City’s ambitious tech-corridor plan no sure thing
Indianapolis leaders are hoping a new plan launched by Mayor Greg Ballard’s administration to transform the area northwest of downtown into a high-tech job and life-sciences research magnet will turn the long-discussed idea into a reality.
City kicking in $5M toward reuse plan for Bush Stadium
City officials are sharing new details of a plan to redevelop Bush Stadium into more than 250 apartment units, while preserving the stadium's façade.
City leaders look to 16th Street as future tech hub
Officials on Thursday shared details of a long-term plan to redevelop an industrial stretch northwest of downtown with the goal of attracting hundreds of residents and dozens of high-tech companies to the area.
Carmel senior-living project to create 340 jobs
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
City to roll out plan for 16th Street tech corridor
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
IHOP adding new restaurants
The IHOP restaurant chain is trying to regain a foothold in central Indiana with two new locations under construction and at least three more in the works.
Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
EDITORIAL: TIF-district plan deserves support
The tax districts allow the city to capture new property tax payments within specific boundaries and apply those funds to infrastructure upgrades and other incentives designed to lure private investment.
Leases/leasing contracts
-ITT Educational Services Inc. leased 18,386 square feet of office space at 2525 N. Shadeland Ave. The tenant was represented by Sam Smith of Colliers International. The landlord, Western Select Properties LP, was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.
-Cummins Inc. leased 12,634 square feet of office space in Capital Center, 251 N. Illinois St. The tenant was represented by Yumi Prater and Sam Smith of Colliers International. The landlord, VV USA City LP, was represented by Dan Richardson of CB Richard Ellis.
-Live Nation Worldwide Inc. leased 7,941 square feet at 9100 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.
-Sobongo.com leased 6,254 square feet of office space at 7320 E. 86th St. The tenant was represented by Yumi Prater of Colliers International. The landlord, East 86th Street Partners LLC, was represented by Drew Augustin of Alliance Commercial Real Estate.
-Casa Grande Mexican Restaurant leased the 6,000-square-foot former Max & Erma’s restaurant at The Pavilion at Castleton, 5899 E. 86th St. The tenant was represented by Dave Kaverman of Anthony Wayne Business Exchange. The landlord, Stough Associates LP, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-La Fuente Mexican Restaurant leased 4,923 square feet at Exit Five Shopping Center, 9771 E 116th St., Fishers. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate. The tenant represented itself.
-Presley’s Enterprises LLC leased 4,721 square feet at Precedent Retail Center, 3855 E 96th St. The tenant was represented by Art Small of Realty Executives. The landlord, The Retail Center At Precedent Park LP, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Burns & Wilcox Ltd. leased 4,506 square feet at 8888 Keystone Crossing. The tenant was represented by Dave Black of CresaPartners. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-American Society of Clinical Pathology leased 3,178 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.-U.S. Rep. Dan Burton leased 1,789 square feet at 8900 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-State Farm Insurance-Tom Grimsly leased 1,420 square feet in Clover Creek Commons, 17160 Dragon Fly, Noblesville. The tenant was represented by Liz Yoho of Providence Partners. The landlord, The National Bank of Indianapolis, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.-SunQuest Systems Inc. leased 849 square feet of office space at 5455 W. 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Scott H. Lindenberg of Echelon Realty Advisors. The tenant represented itself.
Tennis group seeking $3.5M for new downtown venue
Tennis advocates have identified three near-downtown parcels for a new Indianapolis Tennis Center and expect to make a sponsorship announcement soon that could kick-start the development.
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.
Roundup: Presley Presents, La Margarita, Stacked Pickle, Chicago’s Pizza, Pioneer
Check out a round-town roundup chock full of new locations for popular restaurants including La Margarita, Stacked Pickle and Chicago’s Pizza, along with a new family dinner theater and a new concert venue for Fountain Square.
Cross-country track planned near proposed tennis center site
Property along the White River is set to be rezoned to provide for a cross-country track, while a not-for-profit is eying a parcel farther north as one of three potential sites for a tennis center.
Health care providers opening to technology
Some health care system are finally allowing online scheduling.
Leases/leasing contracts
-United Suppliers Inc. leased 17,600 square feet at 923 Whitaker Road in the Airwest Business Park. The tenant was represented by Terry Busch of CB Richard Ellis. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-Beacon Technologies subleased 5,720 square feet at One Parkwood, 96th and Meridian streets. The tenant was represented by Alex Cantu of Summit Realty Group. The sublessor, Computer Associates, was represented by Adam Broderick and Denice Michel of Jones Lang LaSalle.
-eImagine Technology Group Inc. leased 4,332 square feet of office space at 6081 E. 82nd St. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-The ALS Association Inc. leased 2,163 square feet of office space at 6525 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Market Street Wealth Management Advisors LLC leased 2,024 square feet of office space at 3091 E. 98th St. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Tucker’s School of Real Estate leased 1,975 square feet of office space at 6515 E. 82nd St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Guidon Design, Inc. leased 1,952 square feet at Douglass Pointe, 2453 N. Delaware St., Indianapolis. The landlord, Minkis Construction Inc., was represented by Joe Shoemaker of MacDuff Realty Group. The tenant represented itself.
-New Harbours Café leased 1,750 square feet at Harbourtown Center at the southeast corner of Little Chicago Road and Carrigan Bridge Road at Morse Lake, Noblesville. The tenant and landlord, Harbourtown Center LLC, were represented by Bill Ernst of Charter Commercial Realty Group.
-Loving & Caring Home Inc. leased 1,560 square feet of office space at 6525 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Speech Pathology Services PC leased 1,503 square feet of office space at 1980 E. 116th St. The landlord, Stratford Center LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-The Henry P. Thompson Co. leased 1,486 square feet of office space at 6505 E. 82nd St. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.-Eagle Land Title LLC leased 1,470 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Bob Dominguez of Colliers International. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
Dump Trump movement building momentum
In early April, I wrote about the questionable choice of Donald Trump as pace car driver. Now resistance is building against him.
Developer proposing $100M project for Carmel
A proposed 64-acre development west of U.S. 31 in Carmel would help satiate a craving for retail, but it faces a tough fight from neighborhood groups that want to preserve the thoroughfare’s residential character.
INSIDE DISH: ‘Diners’ TV spot boon and bane for Jersey’s Cafe
After a massive spike in traffic sparked by a Food Network show, owner Blair Laing must deal with food shortages, employee departures and long waits for patrons.