newsletter.story

Company news

August 11, 2014

Major Hospital is seeking public input on its plans to build a $100 million hospital on the northern edge of Shelbyville, according to The Shelbyville News. The plans, which Major executives have been mulling since 2003, call for a 240,000-square-foot facility that would connect to Major’s Benesse Oncology Center in the Intelliplex business park. Major has also opened orthopedic, cardiology and OBGYN centers in the park. Major’s inpatient hospital in the center of Shelbyville has 72 beds, but the vast majority of the care Major provides is on an outpatient basis. Major has already begun to solicit bids from construction firms and bond rating agencies. CEO Jack Horner said the Major Hopsital board could make a decision on building a new hospital by October.

St. Vincent Heart Center wants to build a helipad about a half-mile from the specialty hospital. Currently, helicopter ambulances transporting cardiovascular patients must land at a borrowed facility a couple of miles north, on the opposite side of heavily traveled U.S. 31—adding as much as 20 minutes to the trip. Carmel’s Board of Zoning Appeals denied a similar request back in 2008, saying the proposed location was too close to nearby neighborhoods. But the newly proposed location at 10202 N. Meridian St. is less residential. The now-vacant land was once the home of Pilgrim Lutheran Church, which moved to 106th Street in 2012 to make way for the U.S. 31/I-465 interchange improvements now under construction. The zoning board is scheduled to consider the request at its Aug. 25 meeting.

Warsaw-based Symmetry Medical Inc. plans to sell off the orthopedics components subsidiary that generates nearly 80 percent of its revenue, according to Greater Fort Wayne Business Weekly. Massachusetts-based Tecomet, which is part of Genstar Capital, has agreed to pay $450 million for the OEM Solutions subsidiary. As part of the sale, Symmetry Medical will transfer ownership of its surgical instrument business, Symmetry Surgical, to the company’s shareholders and turn Symmetry Surgical into a newly traded public company. Shareholders would get one share of the new company for every four shares of Symmetry Medical stock. OEM Solutions generated nearly $81 million in revenue in the second quarter. Symmetry Surgical, meanwhile, saw $20.4 million in second-quarter revenue, down 8.7 percent from a year earlier.

WellPoint Inc.’s California subsidiary has partnered with the not-for-profit health plan Blue Shield of California to pay $80 million to launch a medical data sharing portal, according to the Associated Press. The California Integrated Data Exchange, known as Cal INDEX, is designed to share patients’ medical claims records electronically among doctors and hospitals, even for emergency room patients. Mark Morgan, president of WellPoint’s Anthem Blue Cross plan in California, said the health plans will mimic successful models such as the New York e-Health Collaborative and Indiana Health Information Exchange. The health plans’ information from patients' billing claims could supplement treatment records in the 30 health information exchanges health care providers have already created in California.

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People

August 11, 2014

Katelyn Becht, a nurse practitioner, has joined St. Vincent Medical Group in Carmel. Becht received a bachelor’s degree from Purdue University and a master’s degree in nursing administration from Indiana Wesleyan University in Marion.

Dr. Andrew Miller has joined Eskenazi Health Midtown Community Mental Health as a child and adolescent psychiatrist. He earned his medical degree from the Indiana University School of Medicine. He received a bachelor's degree in biology from IU-Bloomington.

Dr. Peter Hogg, an orthopedic surgeon, has joined Franciscan Physician Network Orthopedic Specialists. He earned his medical degree from the Indiana University School of Medicine and a bachelor’s degree in biochemistry from DePauw University.

Andrea Pfeifle, a physical therapist, has been named the first assistant dean and director of the Indiana University Center for Interprofessional Health Education and Practice. The center was created to prepare future health care providers to deliver team-based care. Pfeifle comes to IU from the University of Kentucky, where she held a similar position. She earned a doctorate in education from the University of Kentucky.

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Sales/acquisitions

August 5, 2014
-Lowe’s Cos. Inc. bought Intech 12, a 140,368-square-foot office building at 6620 Network Way. The buyer was represented by Tom Hadley of Cushman & Wakefield/Summit. The seller, Encore Enterprises Inc., was represented by Mike Semler of Cassidy Turley.

-Taco Bell of America bought 0.6 acres at 3042 Stones Crossing Road West, Greenwood. The buyer was represented by John Byrne of Radar Commercial Real Estate. The seller, Stones Crossing Development LLC, represented itself.
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Leases/leasing contracts

August 5, 2014
-Byrd Enterprises Inc. leased 37,378 square feet at Carmel Market Place, 502 E. Carmel Drive, Carmel. The tenant was represented by Bruce Richardson of Dieterl/Richardson. The landlord, Buckingham Fountains LLC, was represented by Gary Perel of Newmark Knight Frank Halakar and Tiffany Oliver of Buckingham Cos.

-HHGregg leased 25,078 square feet of retail space in Washington Place Shopping Center, 10255 E. Washington St. The tenant was represented by Jack Esselman of J.F. Esselman Commercial. The landlord, PEBB Indianapolis LLC, was represented by Jamison Downs, Seth Biggerstaff and Paul Rogozinski of Veritas Realty.

-AIMCO leased 14,342 square feet at 4670 Haven Point Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, Performance Services Inc., was represented by Ron Foster of Reliant Partners.
    
-Harvest Church leased 8,640 square feet at 6107 Airport Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, The Peterson Co. LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.

-Corizon LLC leased 6,724 square feet of office space at 9245 N. Meridian St. The tenant was represented by Brook Sipe of Alliance Real Estate. The landlord, Echo Associates LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.

-Madame Royale Nail Salon & Spa leased 2,800 square feet of retail space in Pine Creek Shoppes, 8790 E. 96th St., Fishers. The landlord, Pine Creek on 96th Street LLC, was represented by Seth Biggerstaff and Kyle Hughes of Veritas Realty. The tenant represented itself.

-Gutwein Law leased 2,504 square feet of office space at Station Place, 200 S. Meridian St. The tenant was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar. The landlord, Station Place, was represented by Zane Brown of CBRE.

-Louie’s Wine Dive Indianapolis LLC leased 2,500 square feet of retail space in the Massala Building, 345 Massachusettes Ave. The tenant was represented by Allison Hawley of Niessink Commercial Real estate Inc. The landlord, Massala Properties Inc., was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.

-Jimmy Johns leased 1,760 square feet of retail space in Shelbyville Crossing, 2400 Marketplace Blvd, Suite C, Shelbyville. The tenant was represented by Drew Warner of Eclipse Realty. The landlord, Shelbyville Retail LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.  

-A Nail Salon leased 1,608 square feet at Lebanon Crossing, 1370 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Infinity Chiropractor leased 1,600 square feet of retail space in Pine Creek Shoppes, 8966 E. 96th St., Fishers.  The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Pine Creek Shoppes on 96th Street LLC, was represented by Paul Rogozinski of Veritas Realty.

-Raw Juice leased 1,200 square feet at Clearwater Springs Shopping Center, 5025 E 82nd St. The landlord, PK Clearwater Springs LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
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Rates

August 5, 2014
The average rate for 30-year mortgages was unchanged at 4.28 percent in the week ended July 31, according to Bankrate.com. The rate for 15-year mortgages dropped from 3.41 percent to 3.40 percent.
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People

August 5, 2014
Stacy Phillips has joined Polaris Property Management LLC as a property manager.
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Construction

August 5, 2014
Versatile Construction has broken ground on Gateway Shops, an 11,794-square-foot retail center being developed by Sandor Development at 10679 Michigan Road. Completion is scheduled for November.
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Company news

August 4, 2014

The U.S. Food and Drug Administration approved a new Type 2 diabetes drug from Indianapolis-based drugmaker Eli Lilly and Co. and its German partner, Boehringer Ingelheim, according to the Associated Press. The drug, called Jardiance, is designed to block glucose reabsorption in kidneys and remove excess glucose through urine. Unlike many other diabetes treatments, it does not depend on a patient's insulin levels to be effective. European Union regulators approved the drug, also known as empagliflozin, in May. Lilly is expected to garner $518 million in annual sales from Jardiance by 2019, according to the average of five analyst estimates compiled by Bloomberg earlier this year. Lilly and Boehringer had said FDA didn't approve the drug because of concerns about the Boehringer factory in Germany where it will be made. But a Lilly spokeswoman said Friday those concerns have been resolved.

Indianapolis-based SonarMed Inc., which makes an airway monitoring system used in operating rooms and intensive care units, has raised $2.4 million from institutional investors, according to the BioCrossroads life sciences business development group. The Series A1 funding round was led by Baylor Angel Network, Hyde Park Angels, Visiontech Partners, BioCrossroads’ Indiana Seed Fund II, Spring Mill Ventures, two former Abbott Laboratories executives and the SonarMed management team. SonarMed will use the money to develop a second version of its adult monitoring system as well as a version for children and infants. “Providers are being pressured to find new and better ways to provide higher quality care with a focus on patient safety, and doing so with fewer resources,” said SonarMed CEO Tom Bumgardner. “Consequently, health care systems are increasingly interested in our technology.”

Endocyte Inc. swung to a second-quarter profit of $22.4 million due to a change in accounting after its leading drug candidate failed and its partner, New Jersey-based Merck & Co. Inc., cancelled its development contract. The West Lafayette-based drug development firm earned 52 cents per diluted share compared with a loss of 23 cents per share in the same quarter last year. Revenue shot to $49.2 million from $16.5 million. All of that money comes from collaboration payments from Merck, not all of which were immediately recognized in Endocyte’s accounting. But now that the contract has ended, Endocyte accelerated its accounting recognition of the revenue, producing the spike in revenue and profit. After the failure in May of its drug vintafolide as a treatment for ovarian cancer, Endocyte is continuing to study the drug as a non-small cell lung cancer drug. The company has no products on the market.

WellPoint Inc. beat expectations with its second-quarter profit and raised its full-year profit forecast. But unlike peers UnitedHealth Group and Aetna, the Indianapolis-based health insurer could not improve its profit over the same quarter last year. Profit fell 8.6 percent, to $731.1 million, from $800.1 million. Excluding investment gains and other special items, WellPoint earned $2.44 per share. On that basis, Wall Street analysts expected $2.26, according to a survey by Thomson Reuters. WellPoint raised its full-year profit forecast 10 cents per share, saying it now expects more than $8.60 per share. Revenue rose 4.4 percent to nearly $18.5 billion. Analysts expected $18.2 billion, according to Thomson Reuters.

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People

August 4, 2014

Kyle DeFur will step down as president of St. Vincent Indianapolis Hospital after more than six years in the position. Dr. Joel Feldman, chief medical officer, will serve as president while St. Vincent Health searches for a permanent replacement. Before coming to Indianapolis, DeFur was president of St. Vincent Anderson Hospital, then known as Saint John’s Health System. DeFur holds a bachelor’s degree from Anderson University as well as master’s degrees in hospital administration and business administration from Xavier University.

Dr. Mary Abernathy has been named executive director of medical education at St. Vincent Indianapolis Hospital. Abernathy joined St. Vincent Indianapolis in October as program director for medical residents in obstetrics and gynecology. Before that, she was director of graduate medical education and residency program director positions at Indiana University School of Medicine’s South Bend and Indianapolis campuses. Abernathy earned a bachelor’s degree in biology from Purdue University as well as medical and master’s degrees from IU School of Medicine.

Dr. Brent Benscoter, an otologist and neurotologist, has joined Midwest Ear Institute in Indianapolis and Mooresville. Benscoter earned his undergraduate and medical degrees from the University of Missouri-Columbia.

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Sales/acquisitions

July 29, 2014
-Pulte Homes of Indiana bought 35.46 acres at the southeast corner of West 146th Street and Little Eagle Creek Road, Carmel. The seller, Murphy Family Trust, was represented by Abbe Hohmann of Site Strategies Advisory. The buyer represented itself.

-Madison Avenue Planet RE LLC, doing business as Planet Fitness, bought a 13,800-square-foot, freestanding retail building at 2740 Madison Ave. The buyer was represented by Bart Jackson and Scot Courtney of Lee & Associates. The seller, Wabash College, was represented by Jim Karozos of Colliers International.
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Leases/leasing contracts

July 29, 2014
-Lysse Partners LLC leased 32,826 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-Bastian Solutions leased 17,242 square feet Georgetown Building 1, 7950 Georgetown Road. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Jay Archer of Duke.
 
-Security Vault Works Inc. leased 16,000 square feet of industrial space in Park West, 980 Western Drive. The tenant was represented by Stan Elser of Lee & Associates. The landlord, B&D Development Co. LLC, represented itself.

-Save-A-Lot Food Stores leased 15,600 square feet at 1223 S. High School Road. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate. The landlord, West Washington Street Partners LLC, was represented by Brent Benge of Paradigm Real Estate Investments.

-Pet Supplies Plus leased 7,011 square feet at Indian Creek Commons, 10625 Pendleton Pike. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Viking Partners Indiana Creek LLC, was represented by Seth Biggerstaff of Veritas Realty.

-Cleaning Solutions leased 4,430 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.

-Western Governors University renewed its lease for 3,841 square feet of office space at 10 W. Market St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Bennett Williams and Andrew Martin of Cassidy Turley.

-Integration Partners Corp. leased 3,299 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Milestone Contractors LP leased 3,281 square feet of industrial space at 3250 N. Post Road. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.

-Quartermaster Facility Supplies LLC leased 2,400 square feet of industrial space at 5603 W. Raymond St. Both the tenant and the landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.

-Matthews International Corp. leased 2,097 square feet of office space at 8606 N. Allisonville Road. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Citimark Inc., was represented by Brian Fitzgerald of Citimark.

-Any Lab Test Now leased 1,600 square feet of retail space at 1642 S. Olive Branch Parke Lane, Greenwood. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.
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Rates

July 29, 2014
The average rate for 30-year mortgages fell from 4.30 percent to 4.28 percent in the week ended July 24, according to Bankrate.com. The rate for 15-year mortgages rose from 3.40 percent to 3.41 percent.
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People

July 29, 2014
Tim O’Brien, formerly of CBRE, Colliers International and Resource Commercial, has started O'Brien Commercial Real Estate, a commercial brokerage and consulting firm.
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Construction

July 29, 2014
-Holladay Construction Group LLC partnered with Holladay Properties on a 600-foot warehouse work-area expansion and office upgrade for Batesville at 5770 Decatur Blvd.

-Capitol Construction has completed a 3,600-square-foot office build-out for Advanced Pain Management at 10412 N. Allisonville Road, Fishers.

-Capitol Construction has completed a 3,700-square-foot office build-out for Fairway Mortgage at 10194 Crosspoint Blvd.

-Capitol Construction has completed a 7,000-square-foot production facility for Ambre Blends at 7825 E. 89th St.
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People

July 28, 2014

Hendricks Regional Health in Danville named Yvonne Culpepper, a registered nurse, its chief operations officer in addition to her role as chief nursing officer. Culpepper earned a bachelor’s degree in nursing and master’s degree in nursing administration from Indiana University. She earned a doctor of nursing practice degree from Purdue University.

Dr. Gordon Reed, has been named chief medical officer at Hendricks Regional Health. Reed earned a bachelor’s degree at the University of Illinois and completed his medical training at the Indiana University School of Medicine.

Dr. Brian Brewer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at Sinai Hospital in Baltimore. Brewer earned his medical degree from Meharry Medical College.

Dr. Peter Hammer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at the Los Angeles County and University of Southern California Medical Center. Hammer, a retired commander from the U.S. Navy and a veteran of the war in Afghanistan, earned his medical degree at Wayne State University.

Dr. Ben Zarzaur, a trauma surgeon, has joined trauma center at IU Health Methodist Hospital. He most recently was a professor of surgery and preventative medicine at the University of Tennessee in Memphis. Zarzaur earned his medical degree from the University of Alabama.

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Company news

July 28, 2014

The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools. If successful, that recruitment drive could boost by 15 percent the number of research-oriented faculty at IU and bring in an extra $35 million to $40 million in annual research funding. If the plan plays out as Dean Dr. Jay L. Hess hopes, the school could become a closer partner with drugmaker Eli Lilly and Co., medical-device maker Cook Group Inc. and other major life sciences companies. Hess’ plans are actually a bit more modest than those advanced by his predecessor, Dr. Craig Brater, who retired last year. Brater wanted IU to become one of the 10 most richly funded medical schools for research, up from about 40th now. To get there, he estimated, the school needed to recruit 400 researchers, on top of the 700 it employs today. But Hess noted that IU would need hundreds of millions of dollars more per year in funding from the National Institutes of Health—IU receives about $100 million per year—to reach that level.

Four doctors who supposedly ran a system of clinics aimed at helping addicts kick painkillers were illegally selling a drug that's supposed to aid in rehabilitation, federal authorities said Friday after raiding the doctors’ clinics in Carmel, Noblesville, Muncie, Kokomo and Centerville. According to the Associated Press, Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. Prosecutors say Ley led the operation. A dozen additional suspects, including three other doctors, are under arrest or sought by police. The probable cause affidavit said patients would go to clinics operated by organizations called the Drug and Opiate Recovery Network or Living Life Clean and pay cash for prescriptions of Suboxone, a drug that can be used to treat addictions to opioid painkillers or heroin. The clinics did not accept insurance. Patients allegedly did not undergo medical or mental exams, and weren't asked to provide medical histories. Office employees allegedly handed out pre-signed prescriptions, the affidavit alleges. In 2013, Ley allegedly wrote nearly 8,500 prescriptions, generating an income of $718,000, the affidavit says.

Terre Haute-based Union Health System will cut 150 positions system-wide by the end of the year, according to the Tribune-Star. The cut represents a 5-percent reduction of the system’s 3,000 workers and is projected to produce savings of $200 million by 2020, according to a letter sent Thursday by CEO Pat Board to the hospital system’s employees. “We face numerous challenges due to changes in the healthcare environment and its impact on Union Health System, which include a shift to more outpatient services and declining reimbursement." Union Health includes Union Hospital in Terre Haute and Union Clinton Hospital in Vermillion County north of Terre Haute in western Indiana.

Community Health Network Foundation has been awarded a $1.5 million federal grant to discover ways to deliver better care at lower cost while strengthening its nursing staff. The Health Resources and Services Administration grant will fund a three-year project to encourage nurses to deliver care as teams at Community East Family Medicine Center and then replicate the model they create at seven Community hospitals and other sites of care. The grant covers 88 percent of the project’s estimated costs, and Community will provide the balance of the funding.

Dow AgroSciences LLC reported second-quarter sales of $1.9 billion, an increase of 3 percent over last year's second period. The Indianapolis-based subsidiary of Michigan-based Dow Chemical Co. reported quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, of $281 million. That was down $9 million, or 3 percent, from a year ago. Crop-protection sales rose 3 percent in the quarter, led by insecticides, which reported double-digit gains in all regions. Quarterly seed sales increased 3 percent, with growth in corn and soybeans in North America and Latin America.

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People

July 21, 2014

Community Health Network named Dr. Michael Shrift its chief medical information officer. He previously worked at Cleveland Clinic as associate chief medical information officer, and before that held positions at Allina Hospital and Clinics in Minneapolis and Centura Health in Denver. Shrift holds a bachelor’s degree in human biology from Stanford University. He earned his medical degree from the State University of New York Health Sciences Center. He also earned an MBA from the University of Denver.

Gina Arnett Thompson, former executive director of statewide regulatory affairs for Indiana University Health, has joined the health care group of the Indianapolis law firm Krieg DeVault LLP. Thompson holds an associate’s degree in nursing and a bachelor’s degree from Indiana State University. She earned a law degree from the Indiana University Robert H. McKinney School of Law.

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Company news

July 21, 2014

Assembly Pharmaceuticals Inc., which had offices in Indiana, has merged with New York-based Ventrus Biosciences, a publicly traded drug development firm, to create Assembly Biosciences. The new company trades on the NASDAQ stock market under the ticker symbol ASMB. Assembly has been developing antiviral drugs focused on hepatitis B based on the scientific research of Adam Zlotnick, a professor of molecular and cellular biochemistry at the Indiana University Bloomington campus. Zlotnick co-founded Assembly in 2012 with IU chemist Richard DiMarchi; IU biochemist William Turner; Dr. Uri Lopatin, an infection disease researcher based in San Francisco; and Indianapolis entrepreneur Derek Small. Small will be chief operating officer of Assembly Biosciences.

Eli Lilly and Co. signed a $45 million drug-development deal with United Kingdom-based biotech company Immunocore Ltd., according to the Wall Street Journal. Immunocore is trying to develop injectable cancer treatments that would direct the immune system’s T cells to get inside cancer cells and kill them. Immunocore will receive $15 million from Lilly upfront for each of three drug programs that have not yet entered human testing. If Lilly decides to take the treatments into the next stage of development, Immunocore can either receive a fee of $10 million to co-invest and develop the drugs or let Lilly develop the drugs while still retaining a right to future royalties if the drugs hit the market. Last year, Immunocore signed partnership deals with four other drug companies: Roche, GlaxoSmithKline, AstraZeneca and Adaptimmune. Immunocore and Adaptimmune were previously one company called Avidex, formed based on patents licensed from the University of Oxford.

Indiana will be one of up to 20 new states in which Minnesota-based UnitedHealth Group will compete on the Obamacare exchanges later this year. The health insurance giant sold on just four Obamacare exchanges for 2014, but will greatly expand its activity selling policies for 2015, according to the Associated Press. In Indiana, UnitedHealth has told the Indiana Department of Insurance it expects to sign up about 5,000 customers via plans sold under the All Savers brand. UnitedHealth representatives have told Indiana health insurance brokers that the company will make plans available for 2015, even though the specific states in which UnitedHealth will sell on the Obamacare exchanges has not been publicly released by the company. The exchanges, which are online marketplaces for health insurance, are the only place consumers can access Obamacare’s generous tax credits to reduce the cost of health coverage. UnitedHealth CEO Stephen Hemsley told Wall Street analysts on July 17 that the exchanges will become a more established part of future health care benefits, and UnitedHealth doesn’t want to enter those markets too late.

This isn’t what St. Vincent Health wanted. The Indianapolis-based hospital system’s clerical error of May 5, which sent 63,325 letters about patients' upcoming appointments to the wrong people, is now being cited by the information technology world as an example of the surge in data breaches. Trade publication PC World referred to the data breach at the St. Vincent Breast Health Center in an article headlined, “The 5 biggest data breaches of 2014 (so far)” (although the St. Vincent breach, in sheer number of people affected, wasn’t actually one of the five largest breaches). Also, SC Magazine, a trade publication for IT security professionals,  flagged the St. Vincent breach and even posted the letter the hospital system sent to its patients. According to the Identity Theft Resource Center, there have been 21 percent more data breaches publicly reported in the United States so far this year, compared with the same period in 2013.

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Construction

July 21, 2014

-Kort Builders has completed a 2,000-square-foot build-out for The Kolache Factory at 890 E. 116th St., Carmel.

-Kort Builders has completed a 7,000-square-foot build-out for PetPeople at Nora Plaza, 86th Street and Westfield Boulevard.

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People

July 21, 2014

Mainstreet has added the following employees:

Susan Bartle has joined as human resource generalist.

Anne Bearman has joined as an executive assistant.

Tim Roberts has joined as construction manager.

Brittany Shuler has joined as financial analyst.

Kit Werbe has joined as communications and media manager.

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Rates

July 21, 2014
The average rate for 30-year mortgages fell from 4.31 percent to 4.3 percent in the week ended July 17, according to Bankrate.com. The rate for 15-year mortgages fell from 3.41 percent to 3.4 percent.
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Leases/leasing contracts

July 21, 2014

-Kenco Logistic Services LLC leased 257,030 square feet in Browning/Duke Realty’s AllPoints at Anson Building 7A in AllPoints at Anson, Whitestown. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Jay Archer and Mark Hosfeld of Duke.
 
-Fuzion Analytics Inc. leased 27,296 square feet at 550 Congressional Blvd., Carmel. The landlord, 550 REI Perennial LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The tenant represented itself.

-Applied Engineering Services Inc. leased 13,745 square feet at 9100 Keystone Crossing. The tenant was represented by Brian Askins and Matt Waggoner of Cushman & Wakefield/Summit. The landlord, Equus Capital Partners Ltd., was represented by Abby Zito and John Robinson of JLL.

-Bubba's 33 leased 9,597 square feet at Greenwood Place, 7759-7921 S. US 31. The tenant was represented by Thompson Thrift. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent.

-KE Labs leased 4,412 square feet at 3500 DePauw Blvd. The tenant was represented by Brian Askins of Cushman & Wakefield/Summit. The landlord, CP Pyramids Associates, was represented by Dave Moore of Cassidy Turley.

-Business Media Group leased 4,200 square feet at 8 W. Louisiana St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Sadie Properties LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.

-Anytime Fitness leased 4,000 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent. The tenant represented itself.

-McGrady Hill LLC leased 3,764 square feet at Crosspoint Plaza One, 10475 Crosspoint Blvd. The tenant was represented by Mark McDermott of McDermott Commercial Inc. The landlord, Lexington Crosspoint LP, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.

-Verizon Access Transmission Services leased 3,427 square feet at 550 Congressional Blvd., Carmel. The tenant was represented by Kevin Riley of CBRE.  The landlord, 550 REI Perennial LLC, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.

-A-1 Cash Advance leased 1,200 square feet of retail space in Kroger Plaza, 1619 E. Michigan Road, Shelbyville. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Delicias Jalisco leased 1,200 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

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Correction

July 21, 2014
Samerian Foundation and Expo Center leased 2,035 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The tenant was represented by Sam Smith of Colliers International. The landlord, Sandor Development, was represented by Nick Roth of Sandor. The tenant rep was not listed in last week's Real Estate Weekly.
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Sales/acquisitions

July 21, 2014

-Ambrose Property Group bought the five-building, 436,000-square-foot former Safeco Corp. office complex at 500 N. Meridian St. The buyer was represented by Joseph DiSalvo and Matt Deahl of Marcus & Millichap. The seller, a group of investors led by N Meridian LLC, was represented by DiSalvo, Deahl and Forest Bender, also of Marcus & Millichap.

-AFC Enterprises, d/b/a Popeyes Louisiana Kitchen, bought a .96-acre outlot at Fishers Marketplace, State Road 37 and 131st Street, Fishers. The buyer was represented by Larry Davis and Steve Delaney of Sitehawk Retail Real Estate. The seller, ONB Realty I LLC, was represented by Chris Hake and Ryan Menard of Thompson Thrift Development.

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Sales/acquisitions

July 15, 2014
-Perk Hamilton LLC bought 1.81 acres at 141st Street and Olio Road, Noblesville. The buyer was represented by Bill French of Cassidy Turley. The seller, Interstate Co., was represented by Keith Fried of Sitehawk Retail Real Estate.

-Pulte Homes bought 32.84 acres at county roads 650 East and 500 South, Whitestown. The buyer was represented by Bo Leffel of Cassidy Turley. The sellers, Harrison and Jack Eiteljorg, represented themselves.
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