newsletter.story

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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Leases/leasing contracts

July 15, 2014
-CloudBlue, an Ingram Micro company, leased 111,296 square feet at 5345 Decatur Blvd. The tenant was represented by Andrea Hopper and Pete Quinn of Cushman & Wakefield/Summit. The landlord, Westcore Properties, was represented by Michael Weishaar of Cassidy Turley.

-Acuren Inspection Inc. renewed its lease for 30,240 square feet of industrial space at 7515 Company Drive. The tenant was represented by J.D. Graves of CBRE. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.

-Fatheadz subleased 24,042 square feet of industrial space at 510-514 W. Merrill St. The subtenant was represented by Paul Kite of Strongbox Commercial. The sublandlord, The Millcraft Paper Co., was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.

-General Parts Inc. leased 8,800 square feet of industrial space at 7752-7796 Moller Road. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, CrossLake Partners, was represented by Todd Vannatta and Fritz Kauffman of Cassidy Turley.

-Inka’s Restaurant leased 3,200 square feet of restaurant space in Honey Creek Plaza, 5356 W. 38th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Verizon Wireless renewed its lease for 2,750 square feet of space in Cherry Tree Plaza, 9875 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Real Estate Investment Securities Association Inc. leased 2,599 square feet of office space at 10401 N. Meridian St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Meridian Plaza LLC, was represented by Nick Trimpe of Zeller Realty Group.

-Circle City Pizza renewed its lease for 2,269 square feet of retail space in Esquire Plaza, 8245 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Samerian Foundation and Expo Center leased 2,035 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Nick Roth of Sandor. The tenant represented itself.

-Hull & Associates leased 1,523 square feet of office space at 8445 Keystone Crossing. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Northside Realty Partnership LLP, was represented by Kevin Dick and Paul Dick of Colliers International.  

-Pro Nail renewed its lease for 1,500 square feet of retail space in Cherry Tree Plaza, 9717 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-UZOOX leased 1,454 square feet of retail space in Indy Pavilions, 7035 E. 96th St. The tenant was represented by William Wilson of Paragon Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.  

-Fred Loya Insurance leased 1,254 square feet of space in College Park, 3269 W. 86th St. The tenant was represented by Sharon Thompson of KW Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-Tropical Foods N More Inc. leased 1,200 square feet of retail space at Crooked Creek Shoppes, 7940 N Michigan Road. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.

-Troutman's Barber & Beauty Salon leased 1,037 square feet of retail space at Lafayette Center, 4233 Lafayette Road. The tenant was represented by Lisa Ruscetti of Evolution Development Group LLC. The landlord, Lafayette Center LLC, was represented by Greg Smith and Bill Marsh of Colliers International.
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Construction

July 15, 2014
-Capitol Construction has completed a 60,000-square-foot office expansion for Next Gear Capital at 11799 N. College Ave., Carmel.

-Capitol Construction has completed a 9,000-square-foot retail and office building for LOR Corp. at 1002 Broad Ripple Ave.

-Capitol Construction has completed a 1,600-square-foot health clinic for Midwest ISO at 720 City Center Drive, Carmel.
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Rates

July 15, 2014
The average rate for 30-year mortgages rose from 4.28 percent to 4.31 percent in the week ended July 10, according to Bankrate.com. The rate for 15-year mortgages rose from 3.4 percent to 3.41 percent.
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People

July 14, 2014

Indianapolis-based Healthx, which provides IT services to health insurers and employers, named Kathy Kinder chief financial officer. She was CFO for software firm Consona Corp., formerly called Made2Manage and now called Aptean. Kinder holds a bachelor’s degree in business with a concentration in accounting from Indiana University.

Dr. Wendy Schulte, a pediatrician, has joined St. Vincent Medical Group in Zionsville. Schulte earned a bachelor’s degree from the University of Wyoming, Laramie, and a medical degree from Indiana University School of Medicine in Indianapolis.

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Company news

July 14, 2014

Indianapolis-based EmotEd LLC, recently spun out of the Indiana University School of Medicine, received nearly $200,000 from the National Institutes of Health to develop video games to diagnose and improve emotional health. The company is based on research by EmotEd founder Dawn Newmann, a research professor at the medical school who also works at Rehabilitation Hospital of Indiana. The NIH money, which came via a Phase I Small Business Technology Transfer award, will allow EmotEd to build an initial platform and test it in a clinical setting. EmotEd will continue to seek non-dilutive funding through Phase II STTR mechanisms and through the Department of Defense.

Indianapolis-based Activate Healthcare is expanding its employer health care clinic operations into Wisconsin, according to Modern Healthcare magazine. Activate already manages 20 near- or on-site health clinics, used by 40 employers, in Indiana, Michigan, Ohio and Washington. Activate was created in 2009 by former Steak n Shake CEO Peter Dunn and ex-Harvard Vanguard Medical Associates CEO Debra Geihsler. Its clients include Monroe County government in Bloomington as well as Monarch Beverage Co. and Major Tool Co. in Indianapolis. Activate is one of a handful of Indiana-based clinic operators that have been growing rapidly and expanding into other states.

Indianapolis-based WellPoint Inc. this month started offering 4 million patients the ability to have e-visits with doctors, while Aetna Inc. says it will boost online access to 8 million people next year from 3 million now, according to Bloomberg News. The health insurers are joining companies such as Teladoc Inc., MDLive Inc. and American Well Corp. that offer virtual visits with doctors who, in some states, can prescribe drugs for anything from sinus infections to back pain. In Indiana, legislation passed this year gave the green light to WellPoint and American Well to partner with the American Health Network physician group to conduct a pilot program of the technology.

Biomet Inc. reported preliminary profit for the past 12 months of $36.8 million on sales of $3.22 billion. That's an improvement in profit of $660 million from fiscal 2013’s $623 million loss on consolidated net sales of $3.05 billion, according to the Fort Wayne Journal Gazette. Excluding extraordinary items, the Warsaw-based company earned $420 million for the year ended May 31. Biomet also reported fiscal fourth-quarter profit of $66.7 million on sales of $845 million, a $288 million improvement over the same period a year earlier when the company posted a $221 million loss on sales of $784 million. Zimmer Inc. in April offered to acquire Biomet for $13.35 billion. The Federal Trade Commission is considering implications of allowing the competitors to merge.

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Sales/acquisitions

July 8, 2014
-JAWCO, an investment group based in Minneapolis, bought the 108-unit Arbor Manor Apartments at 206 Churchill Drive, Mooresville. The seller, locally based Neff Rentals, was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 153-unit Arrowwoods Apartments, 7135 Warrior Trail. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 220-unit Inverness Apartments, 5810 Sebring Drive. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.
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Leases/leasing contracts

July 8, 2014
-Performance Metals Inc. leased 21,400 square feet of industrial space at 2402 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-Indiana State Teachers Association renewed its lease for 19,083 square feet at 150 W. Market St.  The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The tenant represented itself.

-Drillers Service Inc. leased 13,350 square feet at 3930 Perry Blvd., Whitestown. The tenant was represented by Cam Kucic of Cushman & Wakefield/Summit. The landlord, Crest I LLC, was represented by Grant Lindley of Cassidy Turley.

-Cardinal Publishing Group leased 12,700 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Big Car leased 3,600 square feet of retail space in Lafayette Place, 3743 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-First Construction Consultants leased 3,559 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group. The tenant represented itself.

-Capital Cities LLC leased 2,986 square feet at 47-49 N. Meridian St. The tenant was represented by Matt Waggoner of Cushman & Wakefield/Summit. The landlord, Bruce A. Bodner Co. Inc., was represented by Alex Cantu of Cushman & Wakefield/Summit

-The Tailgate leased 2,400 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Metro PCS lease 1,820 square feet of retail space in East 40, 8524 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Produce Careers leased 1,740 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group.  The tenant represented itself.

-CPR Institute leased 1,600 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Avenue.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Book Trader leased 1,400 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-TAG Salon leased 1,260 square feet of retail space in Meridian Parke Shoppes, 3115 Meridian Parke Lane, Greenwood. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-The Asian Grocery leased 1,200 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Servi-Call renewed its lease for 1,200 square feet of retail space in 69th & Michigan, 6999 Michigan Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-EX Nails renewed its lease for 1,200 square feet of retail space in College Park, 3269 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
 
-Red Door Property Management leased 854 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Develompent, was represented by Lawrance  Morrissey of Corporate Commercial Group. The tenant represented itself.
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Rates

July 8, 2014
The average rate for 30-year mortgages was unchanged at 4.28 percent in the week ended July 3, according to Bankrate.com. The rate for 15-year mortgages rose from 3.39 percent to 3.40 percent.
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Construction

July 8, 2014
-Capitol Construction has completed a 9,400-square-foot office expansion for Nyhart at 8415 Allison Pointe Blvd.

-Capitol Construction has completed a 6,900-square-foot retail build-out for Two Deep Brewery at 714 N. Capitol Ave.

-Capitol Construction has completed a 3,500-square-foot office build-out for Pinnacle IT Solutions at 3535 E. 96th St.
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Company news

July 7, 2014

Indiana University Health and Aetna Inc. have extended their contract 60 days to try to work out a new deal. The Indianapolis-based hospital system was set to fall out of the provider network of Connecticut-based Aetna on July 1, but the sides agreed to extend their contract until Sept. 1. Aetna has a modest presence in Indiana, claiming about 6 percent of enrollment in all preferred provider networks, according to a recent report by HealthLeaders-InterStudy. Aetna has a strong presence in the Bloomington area, which IU Health serves via the IU Health Bloomington Hospital. In February, IU Health and Minnesota-based UnitedHealthcare agreed to terms after IU Health fell out of UnitedHealthcare’s network of discounts Jan. 1.

Covidien LP will consolidate its U.S. operations for repairing and upgrading medical-device products at its Plainfield facility, hiring up to 112 more workers by the end of 2015. The firm currently employs about 50 in its technical service center at 2824 Airwest Blvd. It will hire new workers and relocate similar operations from Boulder, Colo. The Indiana Economic Development Corp. has offered the company up to $1.12 million in conditional tax credits based on its job-creation plans. The credits are performance-based, meaning the company cannot claim them until it hires workers. In June, Minneapolis-based Medtronic Inc., the second-largest maker of medical devices, agreed to buy Ireland-based parent Covidien Plc for $42.9 billion in cash and stock.

The Pence administration submitted its HIP 2.0 plan to the Obama administration last week, asking to use an altered version of the Healthy Indiana Plan to expand coverage to as many as 350,000 low-income Hoosiers, according to the Associated Press. The U.S. Department of Health & Human Services must approve the proposal before the state can put it into action. In a letter submitting the waiver request, Gov. Mike Pence said the plan offers a “broader set of consumer-driven health care choices.”

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People

July 7, 2014

Dr. Hilma Green, an internist, has joined the Eskenazi Health Center at 2505 N. Arlington Ave. She earned a bachelor’s degree in applied microbiology at the University of Houston and received her medical degree from the Indiana University School of Medicine in Indianapolis.

Kacey Oiness, a psychologist, has joined St. Vincent Sports Performance, consulting primarily with the Purdue University Athletic Department. She earned a bachelor’s degree from Iowa State University. She earned master’s and doctoral degrees in counseling psychology from Colorado State University in Fort Collins.
 

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Leases/leasing contracts

July 1, 2014
-Peapod LLC leased 48,678 square feet at 9222 E. 33rd St. The tenant was represented by J.D. Graves of CBRE. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.

-ALDI leased 22,462 square feet of retail space in Cherry Tree Plaza, 9989 E. Washington St. The tenant was represented by Jim Abel of Lee & Associates.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.   

-Asset Recovery & Recycling leased 17,186 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The tenant represented itself.

-The North End BBQ leased 4,780 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Fairway Independent Mortgage Corp. leased 4,191 square feet of office space at 10194 Crosspoint Blvd., Fishers. The tenant was represented by Yumi Goodman of Colliers International. The landlord, E-L Crosspoint Building 2 LLP, was represented by John Vandenbark of CBRE.

-Panera Bread renewed its lease for 3,957 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Heldelberge Agency leased 1,395 square feet of retail space at 8802 S. Madison Ave. The tenant was represented by Keith Turnbill of RE/MAX Select. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International.

-Artisano’s Oils and Spices leased 1,283 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, an affiliate of PK Partners, was represented by Bryan Chandler of Eclipse Real Estate.

-Havana Cafe leased 1,200 square feet of restaurant space in Honey Creek, 3839 Moller Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-It Is Vapor leased 864 square feet of retail space in Starbucks Plaza, 1950 Kessler Blvd., West Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Eyes By India leased 662 square feet of retail space in Esquire Plaza, 8213 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
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People

July 1, 2014
Cushman & Wakefield/Summit has added the following employees:

-Christa Calderone has joined as client services coordinator for the office brokerage team of Matt Langfeldt, Rich Forslund, Matt Waggoner and Brian Askins.

-Abby Atwell has joined as assistant property manager with the firm's property management group.

-Will Young has joined as senior property manager with the firm's property management group.

-R.J. Rudolph has joined as senior vice president specializing in office advisory.
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Rates

July 1, 2014
The average rate for 30-year mortgages fell from 4.33 percent to 4.28 percent in the week ended June 26, according to Bankrate.com. The rate for 15-year mortgages fell from 3.44 percent to 3.39 percent.
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Construction

July 1, 2014
-Holladay Construction Group LLC has completed a 700-square-foot build-out for Teachers Credit Union in the new Meijer store at 400 N. Dan Jones Road, Plainfield.  

-Holladay Construction Group LLC partnered with Otis Elevator to modernize the elevator system at the Indianapolis Fraternal Order of Police, Lodge No. 86, 1525 S. Shelby St.

-Holladay Construction Group LLC is partnering with Holladay Properties to build a $20 million, 370,000-square-foot indoor soccer facility at Grand Park in Westfield. Construction will start within 60 days.
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Company news

June 30, 2014

Hendricks Regional Health is extending its reach farther west via a collaboration with Putnam County Hospital in Greencastle. On July 10, the two hospitals will open a new obstetrics clinic, called Partners in Care, to provide prenatal care for low-income pregnant women. The clinic will be staffed by a Hendricks Regional Health nurse midwife, and two physicians from the Hendricks Regional Health Medical Group. Patients of Partners in Care will receive prenatal services at Putnam County Hospital, while deliveries will take place at Hendricks Regional Health in Danville. The idea of starting a clinic was boosted by a needs assessment conducted by DePauw University in Greencastle, which confirmed a shortage of prenatal care in Putnam County.

The U.S. Supreme Court ruled Monday that closely held corporations can hold religious objections that allow them to opt out of Obamacare’s requirement that they cover contraceptives for women at no charge. According to the Associated Press, the justices' 5-4 decision is the first time the high court has ruled that profit-seeking businesses can hold religious views under federal law. And it means the Obama administration must search for a different way of providing free contraception to women who are covered under objecting companies' health insurance plans. Contraception is among a range of preventive services that must be provided at no extra charge under the health care law that President Barack Obama signed in 2010 and the Supreme Court upheld two years later. Justice Samuel Alito wrote the majority opinion, which stressed that the ruling applies only to corporations that are under the control of just a few people in which there is no essential difference between the business and its owners.

Indiana Gov. Mike Pence hired Carmel psychiatrist Dr. John Wernert to take over the state's Family and Social Services Administration and tapped former FSSA Secretary Michael Gargano to oversee Pence’s Healthy Indiana Plan 2.0. Wernert is the medical director of medical management at Eskenazi Health in Indianapolis and was the medical director for behavioral health integration for the Franciscan Alliance health system. He'll replace outgoing Secretary Debra Minott, who unexpectedly announced her resignation in June; neither Pence nor Minott have explained her sudden departure. Gargano, who led the agency until Pence took office last January, is returning in the new role overseeing Pence's insurance expansion plan. The Pence administration is in the middle of pitching the Centers for Medicare and Medicaid Services on Indiana's proposal to use the state-run Healthy Indiana Plan 2.0 to expand Medicaid. If the application is approved, residents earning up to 138 percent of the federal poverty level would be allowed to enroll in a hybrid-health savings account plan. The state estimates that more than 457,000 low-income residents could enroll in the program by 2020.

Indianapolis-based Eli Lilly and Co. received European backing for a biosimilar version of Lantus insulin, a mega-blockbuster made by France-based Sanofi that has never faced generic competition. According to Bloomberg News, Lilly’s Abasria insulin was recommended by the European Medicines Agency’s Committee for Medicinal Products for Human Use for the treatment of diabetes. The European Commission, the EU’s executive arm, usually follows the panel’s recommendation. Lantus, which garnered $7.8 billion in sales for Paris-based Sanofi in 2013, loses patent protection in Europe in May next year. The U.S. patent on Lantus expires in February, but generic competition there may be delayed after Sanofi in January said it was suing Indianapolis-based Lilly over its plans to introduce a version in the U.S. Sales of the drug in Europe were less than 15 percent of the total in 2013, because the price of the drug is far lower than in the United States, which accounted for almost two-thirds of total Lantus sales, said Mark Clark, an analyst at Deutsche Bank AG in London. That may limit the erosion of Lantus sales in Europe, he said. Lilly is also trying to introduce a brand-name drug that would compete with Lantus. Last month, it released study results suggesting its once-a-day insulin injection, Peglispro, was better than Lantus in controlling patients’ blood sugar. Lilly has said it will file for U.S. approval to sell that drug in the first quarter of next year.

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