newsletter.story

Residential

November 20, 2012
The average rate for 30-year mortgages was dropped from 3.57 to 3.54 percent in the week ended Nov. 14, according to Bankrate.com. The rate for 15-year mortgages fell from 2.88 percent to 2.87 percent.
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Correction

November 19, 2012
Three trauma centers in Indianapolis are certified by the American College of Surgeons: Riley Hospital for Children at Indiana University Health, IU Health Methodist Hospital and Wishard Memorial Hospital. Riley was incorrectly left off the list in the Nov. 12 issue of IBJ Health Care & Reform Weekly. Also, St. Vincent Indianapolis Hospital is seeking but has to receive certification from the American College of Surgeons as a trauma center. St. Vincent’s status was reported incorrectly in the Nov. 12 issue of IBJ Health Care & Reform Weekly.
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People

November 19, 2012
Dr. Huma Khan, a family physician and obstetrician, has joined Franciscan Physician Network as part of its South 31 Family Care practice. She previously practiced at St. Vincent Dunn Hospital in Bedford. Khan earned her medical degree in Pakistan and completed residency training at Marquette General Hospital in Michigan. Khan also received a master’s degree in public health from the University of New Mexico.
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Company news

November 19, 2012
Diagnotes LLC, an Indianapolis-based developer of health care software, won the inaugural Hoosier Healthcare Innovation Challenge held by the economic development group Develop Indy. Diagnotes and two other finalists, CreateIT and Freedom Solutions, presented product demonstrations at the annual conference of the Indiana Healthcare Information and Management Systems Society. Diagnotes’ On Call software, which delivers patient medical records to smartphones of an on-call doctor, won $5,000 for taking first place. Diagnotes also won the business competition that was part of the Indiana Life Sciences Summit, staged by Indianapolis-based BioCrossroads, in October.

In a bid to compete for cancer patients with Indiana University Health and St. Vincent Health, Community Health Network will make its North and East hospitals affiliates of the University of Texas’ MD Anderson Cancer Center. MD Anderson, one of the best-known treatment centers for cancer, will certify the cancer physicians at the two hospitals and give Community access to the evidence-based treatment and follow-up plans developed by MD Anderson. “This is a game changer for our network,” Bryan Mills, CEO of Indianapolis-based Community Health Network, said in a prepared statement.  “Professionals in the medical field know the MD Anderson name very well, as it’s the gold standard for cancer care.” Community also plans to seek MD Anderson Cancer Network certification at its hospitals in Anderson, Kokomo and on the south side of Indianapolis.

Advantage Health Solutions Inc. suffered a security breach that potentially affects members of the Franciscan Alliance accountable care organization. The breach occurred Oct. 19 when a subcontractor of Indianapolis-based Advantage mailed generic health questionnaires to 2,575 beneficiaries with individual identification numbers inadvertently displayed. No personal health or financial information was disclosed. Advantage, which provides care management and data services for the Franciscan ACO, said it is offering free credit monitoring to all members of the health plan.

West Lafayette-based Tymora Analytical Operations LLC received $300,000 from the National Institutes of Health to help it develop technology to help researchers develop drugs to treat cancer and diabetes, as well as immune and neurological disorders. The company’s technology, called PolyMAC, is based on research by Andy Tao, a Purdue University professor of biochemistry. Tymora received a $150,000 grant from the National Institutes of Health this year, and has also received a $150,000 grant from the National Science Foundation. All the grants are part of the federal government's Small Business Innovation Research, or SBIR, program.
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Also this week

November 14, 2012

“Jolly Days Winter Wonderland” opens at The Children’s Museum of Indianapolis, running—or, rather, sliding—Nov. 23-Jan. 6. Details here

Carrie Underwood brings her “Blown Away” tour to Bankers Life Fieldhouse Nov. 24. Details here. 

Chris Isaak headlines at the Murat Theatre Nov. 25. Details here. 

Theatre on the Square offers its take on the holiday season with “Don We Now Our Gay Apparel: Christmas in Your Face 3D” Nov. 23-Dec. 22. Details here.

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"A Christmas Carol"

November 14, 2012

Nov. 23-Dec. 24

Indiana Repertory Theatre

Audience members may be able to recite the text—and possibly even cue the snow—but that doesn’t take away any of the pleasure of the IRT’s annual holiday retelling of the classic Charles Dickens story. Ryan Artzberger returns as Scrooge and local favorites David Alan Anderson, Mark Goetzinger, Robert Neal, Ben Tebbe and Jennifer Johansen help round out the cast in multiple roles each. Details here.

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Robert Pinsky

November 14, 2012

Nov. 28

Butler University Reilly Room

The founder of the Favorite Poem Project and a former poet laureate of the United States pays a visit as part of the Vivian S. Delbrook Visiting Writers Series. Details here.

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"Eternal James Dean"

November 14, 2012

Nov. 23-June 2

Indiana State Museum

The fact that James Dean made only three movies makes it even more remarkable that he has achieved American icon status alongside Marilyn Monroe and Elvis Presley. This show celebrates perhaps the most famous Hoosier in the world with a little help from CMG Worldwide, which licenses his image. Details here.

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Also this week

November 13, 2012

The Indianapolis Symphony Orchestra provides the live soundtrack for a screening of “West Side Story” Nov. 16-17. Details here. Kenny G performs with the band for a special Tuesday night show Nov. 20. Details here

The Indianapolis Museum of Art presents “Something is,” a solo exhibition by Indy-based artist Lauren Zoll, Nov. 16 to April 4. Details here.

Matt Bell, an author and book reviewer whose work has appeared in both “Best American Mystery Stories” and “Best American Fantasy” anthologies, speaks at UIndy, Hall A, Nov. 15. Details here.

The Heartland Film Festival screens award-winning short films to close out the Ann Katz Festival of Books at the JCC Nov. 17. Details here.

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Victoria Clark: "Glorious Days"

November 13, 2012

Nov. 16

Cabaret at the Columbia Club

On her way to the Broadway production of “Rodgers & Hammerstein’s Cinderella,” the Tony winner for “The Light in the Piazza” pays a visit to the Cabaret. Details here.

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Tonic Ball

November 13, 2012

Nov. 16
Multiple Fountain Square locations
This year, the annual multi-stage music bash benefit for Second Helpings features the music of U2, the Kinks and Stevie Wonder played by a who’s who of Indianapolis-area musicians. Details here.

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"Stormy Weather: The Lena Horne Project"

November 13, 2012

Nov. 15

MadameWalker Theatre Center

Mary Wilson, former member of The Supremes, stars in this tribute to Lena Horne, which is narrated by Horne’s biographer, James Gavin. Details here.

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Great American Songbook Movie Series

November 13, 2012

Nov. 15-17

Palladium

The Heartland Film Festival teams with the Michael Feinstein Great American Songbook Initiative for a series of cinematic celebrations of song. It kicks off grandly with three days of screenings. Thursday features “White Christmas.” Friday, it’s “The Sound of Music” in the afternoon and, in the evening, Feinstein introducing “An American in Paris.” Saturday brings “The Wizard of Oz.” If those titles feel overtly familiar, stay tuned for “Alexander’s Ragtime Band” and “Kiss Me, Kate” (among others) coming soon. Details here.

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Sales/acquisitions

November 13, 2012
-Jordan Fishers LLC bought a 9,800-square-foot office building at 11087 Village Square Lane, Fishers. The seller, Tom English Real Estate, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.

-India Garden Restaurant bought a 20,000-square-foot office/retail building at 207-211 Delaware St. The seller, 201 N Delaware LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The buyer represented itself.

-Meridian Design Associates Limited bought four acres of land at Anson in Zionsville. The buyer was represented by Rob Schick and Rory Underwood of Revel & Underwood Inc. The seller, Duke Realty Corp., was represented by Bo Leffel and Dan Meador of Cassidy Turley.
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Leases/leasing contracts

November 13, 2012
-Kittle's Home Furnishings Center Inc. leased 33,032 square feet of retail space at 7565 U.S. 31 South. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Nationwide, was represented by Bill French of Cassidy Turley.   

-Earth Fare leased 25,000 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Danielle Harris of Hourglass Development. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Northern Indiana Public Service Co. leased 12,439 square feet at 150 W. Market St. The tenant was represented by Matt Waggoner and Bill Ehret of Summit Realty Group. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-RecordsPro/Shred Monkey Document Shredding Imaging & Storage Co. leased 12,000 square feet at 6300 Brookville Road, Bldg. A. The landlord, Kostoff Properties, was represented by Joe Kostoff. The tenant represented itself.

-Peoples Bank leased 7,100 square feet at 550 Congressional Blvd., Carmel. The landlord, Trigild, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
 
-Old National Bank leased a 5,600-square-foot outlot at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Mark Jenkins of Kite Realty Group. The tenant represented itself.

-Drakes restaurant leased 5,428 square feet at Clearwater Crossing, 3716-3960 E. 82nd St. The tenant was represented by Rob Warstler of Colliers International. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Lawrence Baking Co. leased 4,641 square feet of retail space at Esquire Plaza, 8143 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

-Panera Bread leased 4,019 square feet at Rangeline Crossing, formally known as The Centre, 116th Street and Rangeline Road, Carmel. The tenant was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The landlord, KRG Centre LLC, was represented by Jeff Wright of Kite Realty Group.

-Golden Mon Mart leased 2,893 square feet at Castleton Place, 5836-5896 E. 82nd. St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.
 
-Pink Slipper Dance Studio renewed its lease for 2,275 square feet and added an additional 1,250 square feet at Harbourtown Center, 15-17 Harbourtown Center, Noblesville. The landlord, Harbourtown Center LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Yogo Land Premier Yogurts leased 1,300 square feet at 98 A N. 10th St., Noblesville. The landlord, 98 N 10th LLC, was represented by Bill Ernst of Charter Commercial Realty Group. The tenant represented itself.

-Cookies by Design leased 1,291 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Tips ‘n Toes nail salon leased 1,195 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-Himalaya Kabob Korner leased 1,500 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-Vitty's Alterations leased 1,000 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.
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Residential

November 13, 2012
The average rate for 30-year mortgages was unchanged at 3.57 percent in the week ended Nov. 7, according to Bankrate.com. The rate for 15-year mortgages fell from 2.89 percent to 2.88 percent.
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Company news

November 12, 2012
Indianapolis-based Indigo Biosystems Inc., a scientific software provider, plans to add 63 jobs by 2015 as part of a $1.4 million expansion. The company, headquartered at 20 E. 91st St. in Woodland Corporate Park IV, now has about 30 employees and is hiring engineers, mathematicians, scientists and project managers. Using advanced algorithms, Indigo’s cloud-based software enables analytical laboratories to automate diagnostic tests performed on millions of patient samples every year. The company was founded in 2004 by Dr. Randall K. Julian Jr. as a project of the Lilly Ventures arm of drugmaker Eli Lilly and Co. Indigo became an independent company in 2008.

Health officials developing a statewide trauma system say Indiana needs more than the eight trauma centers it currently has, according to the Associated Press. The State Department of Health trauma prevention experts say only 58 percent of Indiana residents live within 45 minutes of one of Indiana's eight trauma centers certified by the American College of Surgeons. Three are in Indianapolis—at Wishard Memorial Hospital, Indiana University Health's Methodist Hospital and St. Vincent Indianapolis Hospital. There are also two each in Fort Wayne and Evansville and one in South Bend. Traumatic injuries are the top killer of Hoosiers under age 45, and injuries hospitalize more than 32,000 people each year. About 3,700 injuries resulted in death in 2009, the most recent data available.

The Indianapolis-based Regenstrief Institute has signed a five-year agreement with New Jersey-based drugmaker Merck & Co. Inc. to explore new methods for studying diseases and interventions for chronic conditions such as diabetes, cardiovascular disease and osteoporosis. Financial details of the collaboration were not disclosed. “With Merck’s depth of expertise and its global reach, we hope to develop and test new approaches to care, and advance successful models of health care broadly,” said Dr. Jon Duke, Regenstrief’s innovations officer. The two organizations think their work can improve drug development and the safety of medicines, as well as advance the personalization of medical treatments.
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People

November 12, 2012
Dr. Zeba Madni, a psychiatrist, has joined Wishard Health Services. She received her medical degree in India and completed her residency in general psychiatry at Indiana University.

Dr. George Sheng, a vascular surgeon, has joined the CorVasc surgical practice, which is part of the St. Vincent Medical Group in Indianapolis. Sheng earned his bachelor’s degree in biology from Trinity University. He received his medical degree from Vanderbilt University School of Medicine in Nashville, Tenn.

Adam Horst, director the Office of Management and Budget under outgoing Gov. Mitch Daniels, will become vice president and controller at Indiana University Health. Horst will work under IU Health CFO Ryan Kitchell, who also was Horst’s boss for time in the Daniels administration. Horst holds a master’s degree in political science from Massachusetts Institute of Technology and a bachelor’s degree in government and psychology from Dartmouth College.
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Also this week

November 7, 2012

Sean Chen performs Beethoven’s Piano Concerto No. 4 with the Indianapolis Chamber Orchestra Nov. 11 at the Indiana History Center as part of the American Pianists Association Classical Fellowship Awards. Details here

IU Opera stages Jules Massenet’s Cinderella-based “Cendrillon” Nov. 8-11 Details here. Can’t make it to Bloomington? Watch it livestreamed here

Speakers at the Nov. 10 Gathering of Writers, presented by the Writers’ Center of Indianapolis, include novelist Ben H. Winters (“Sense and Sensibility and Sea Monsters”), and poet Allison Joseph. Details here

The Icarus Ensemble, a jazz ensemble made up of Indianapolis Symphony Orchestra players, performs Nov. 12 at the Jazz Kitchen. Details here

The Egyptian Room hosts musical comedian Stephen Lynch Nov. 13. Details here

The Indianapolis LGBT Film Fest runs Nov. 9-11 at the Indianapolis Museum of Art and Herron School of Art. Details here.

Melissa Etheridge headlines at the Center for the Performing Arts Nov. 9. Violinist Ray Chen follows on the 11th. Details here.

 Bands of America return for their Grand National competitions at Lucas Oil Stadium, Nov. 8-10. Details here.

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Street Corner Symphony

November 7, 2012

Nov. 9

Clowes Hall

 You could think of them as the Monkees of a capella music. Street Corner Symphony, the group that took second place on NBC’s “The Sing Off,” didn’t exist for long before the show: The band was formed in order to compete on the television vocal competition. Since its almost-victory, the band has worked with the likes of Ben Folds (a show judge), Claude McKnight and Allison Krauss. Trivia note: Five of the six members of the group are sons of ministers. Details here

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Milos Karadaglic

November 7, 2012

Nov. 9-10

Hilbert Circle Theatre

 With talent that took him, just last month, to venues as far-flung in size and geography as the National Concert in Dublin and the Old Town School of Folk Music in Chicago, Milos Karadaglic is building a name as one of the top Spanish guitarists in the world. A native of Montenegro, Karadaglic joins up with the Indianapolis Symphony Orchestra and conductor Eugene Tzigane for a program that includes music by Ravel, Rodrigo and Rimsky-Korsakov. Details here

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"Billy Elliot"

November 7, 2012

Nov. 13-18

Murat Theatre

 Anchoring what has the potential to be the strongest Broadway in Indianapolis season in recent years is this Tony-winning stage adaptation of the hit film about a British boy who’s gotta dance. It features music by Elton John. Details here

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An Evening with Amy Sedaris

November 7, 2012

 

Nov. 8

Madame Walker Theatre Center

“Art of the Matter” host Travis DiNicola conducts a live interview with the funny lady, whose credits include the TV show “Strangers with Candy” and the book “Simple Times: Crafts for Poor People.” Yes, David is her brother. No, that’s not important. What is important is that her appearance, part of the Spirit & Place Festival, is produced by No Exit Performance. Details here

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Leases/leasing contracts

November 6, 2012
-Audio Video Color Corp. leased 100,957 square feet of industrial space at 2151-2155 Airwest Blvd., Plainfield. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, Agellan Capital Partners, was represented by Michael Weishaar of Cassidy Turley.

-Minnick Services Corp. leased 5,600 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-Reesa Ann Academy leased 4,798 square feet at North Willow Mall, 2254 W. 86th St.  The landlord, Township 86th Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-City Barbeque leased 3,648 square feet at Rangeline Crossing, 1356 S. Rangeline Road, Carmel.  The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Centre and Associates LLC, represented itself.

-David Bender DDS leased 2,835 square feet at Greenwood Springs Shopping Center, 1273 Emerson Ave., Greenwood. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Sweet Things leased 2,695 square feet at North Willow Mall, 2288 W. 86th St.  The landlord, Township 86th Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Invacare Continuing Care leased 2,400 square feet of industrial space in Shadeland Business Park, 1740 Industry Drive. The tenant was represented by Kim Estes Hartman, Tom Osborne and R.J. Rudolph of Colliers International.  The landlord, Property Professionals Inc., was represented by Terri Kuberski of Property Professionals.

-Hallmark Home Mortgage LLC leased 2,241 square feet at 9000 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.  

-Kays CPA Group renewed its lease for 2,047 square feet of office space at 3021 E. 98th St. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Heartland Vision leased 2,000 square feet at Fortune Plaza, 9655 U.S. 36, Avon. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Fortune Plaza Enterprise B LLC, was represented by Greg Smith of Colliers International.

-Z Specialty Coatings LLC leased 1,940 square feet in Kirby Park, 1135 3rd Ave. Southwest, Carmel. The tenant and landlord both represented themselves.

-Peanut Butter & Jelly Daycare leased 1,540 square feet of office space in Steinmeier Station, 5501 E. 71st St. The tenant was represented by Sian Kicks of Matlock Town & Country Realty. The landlord, Rock Investments LLC, was represented by Spero Pulos of Lee & Associates.

-Sterling Creek Software LLC leased 1,433 square feet at 8888 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.

-Axis Home Health Care renewed its lease for 1,223 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.

-Alternative Technology Partners Inc. leased 1,164 square feet at The Bonn Building, 13578 E. 131st St, Fishers.  The landlord, Bonn Building Partners LLC, was represented by Keith Fried and Steve Delaney of Sitehawk Retail Real Estate.  The tenant represented itself.
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Correction

November 6, 2012
A construction item in last week's Real Estate Weekly included the wrong address for a 14,400-square-foot office build-out for VMS BioMarketing. The work, performed by Capitol Construction, was at 501 Pennsylvania Parkway.
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