newsletter.story

Sales/acquisitions

June 18, 2013
Freedom Mortgage Corp. bought a 125,290-square-foot office building at 10500 Kincaid Drive, Fishers. Both the buyer and seller, Lantern Partners LLC, were represented by Darrin Boyd and Dave Moore of Cassidy Turley.
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Leases/leasing contracts

June 18, 2013
-National Government Services leased 45,021 square feet of office space across two locations, 6335-45 Castleway Court and 8034 Castleway Court. The tenant was represented by Allen Trowbridge of Cresa. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Valley Tire Co. leased 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Stout Field LLC, in care of The Crawford Troup, represented itself.

-Frank & Kraft leased 6,019 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Steve Beals and Rich King of Lee & Associates. The landlord, True North Management Group, was represented by Jon Owens and Russell Van Til of Cassidy Turley.

-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, LIT Industrial LP, was represented by Bryan Poynter and Fritz Kaufman of Cassidy Turley.

-7E Fit Spa of Zionsville Inc. leased 3,507 square feet at 4545 Northwestern Drive, Zionsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Leah and Ruben LLC, was represented by Ashley Bussell of Newmark Knight Frank Halakar.  

-Marian Financial Partners Inc. leased 3,250 square feet of office space in Oldefield Commons, 698 Oldefield Commons Drive, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, B&W Holdings LLC, was represented by Keith Turnbill of ReMax Select.

-Transitions Dental leased 3,154 square feet at Lebanon Crossing, 1375 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Monumental Life Insurance Co. leased 2,390 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Allen Schwender of SA Commercial. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.

-MyNetWire LLC leased 2,288 square feet at Crosspoint Corner 8, 9757 Westpoint Drive. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Shamrock Builders, was represented by Darrin Boyd of Cassidy Turley.

-Traffic Signal Co. leased 2,122 square feet of space at 7202 E. 87th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.

-7E Fit Spa of Fishers-Noblesville leased 2,000 square feet at 16095 Prosperity Drive, Noblesville. The tenant and landlord, Yeager Properties Inc., were represented by Scott Baldwin of Baldwin Cos.

-All Sports Couture leased 2,000 square feet of industrial space at 9760 Mayflower Park Drive, Carmel. The tenant was represented by Jeff Merritt of Colliers International. The landlord, GlennCo Realty, was represented by Dustin Looper of Colliers International.

-Jimmy John’s Gourmet Sandwiches leased 1,800 square feet of retail space in Georgetown Shoppes, 5620 Georgetown Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.  

-Imburgia Orthodontics LLC leased 1,600 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 157, Plainfield. The tenant was represented by Bill Scott of DTZ, a UGL company. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services Inc.

-Holland & Holland LLC leased 1,225 square feet of office space at Lake Pointe IV, 8520 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Sun Life Assurance Co. of Canada, was represented by Stephen Adams and Riley Faulk of Hokanson Cos. Inc.
 
-Obsession Nail Salon leased 1,200 square feet of retail space in Shoppes of Brownsburg, 56th Street and Northfield Drive, Brownsburg. The landlord, Shoppes of Brownsburg, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Anthony Paganelli leased 1,043 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
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Residential

June 18, 2013
The average rate for 30-year mortgages rose from 4.10 percent to 4.14 percent for the week ended June 12, according to Bankrate.com. The rate for 15-year mortgages rose from 3.28 percent to 3.32 percent.
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People

June 17, 2013
Vince Caponi will step down as CEO of the St. Vincent Health hospital system July 1 to become senior vice president of St. Louis-based Ascension Health Alliance, the parent organization of St. Vincent. He will also be executive chairman of the board for St. Vincent Health. During a search for Caponi’s permanent replacement, Ian Worden will serve as interim CEO. Worden since 2008 has been chief operating officer of the 22-hospital system, the second-largest in Indiana. Worden previously served as St. Vincent’s chief financial officer for eight years.
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Company news

June 17, 2013

Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. $7 million and take over the development of a potential diabetes treatment heading into mid-stage clinical testing. According to the Associated Press, Transition said Monday it also could receive up to $240 million in additional payments, plus royalties, if the treatment is eventually approved and sold. It also will pay Indianapolis-based Lilly $14 million in three installments during the mid-stage study. The drug, labeled TT-401, is being developed to treat the most common form of diabetes, type 2, and accompanying obesity. Demand for drugs that treat diabetes is climbing as rising instances of obesity are causing an explosion of diabetes cases globally.

The Indiana University School of Medicine won a $1 million grant from the American Medical Association to launch a virtual health system curriculum for training medical students. The med school is one of 11 grant recipients. IU will use a teaching version of an electronic medical record system to help students use huge quantities of data to make clinical decisions, as well as to monitor the cost of their decisions. Medical school officials said the virtual health system curriculum will be better suited to the changing health care environment its students will encounter after graduation.

Starting July 1, a new state law will allow pharmacists to administer vaccinations for pneumonia, tetanus, diphtheria, acellular pertussis, HPV infections and meningitis, according to The Statehouse File news service. Currently, the only immunizations pharmacists can administer are flu shots. Pharmacists must continue to perform immunizations under physician-monitored guidelines. More than 40 states allow pharmacists to provide immunizations, although requirements for education and oversight vary. In Indiana, pharmacists must undergo immunization training. Already, the state has more than 2,700 pharmacists trained to provide the shots and several hundred new ones are added annually.

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Construction

June 17, 2013
-Charles C Brandt Construction has completed a 15,000-square-foot demolition and renovation for Northern Indiana Public Service Co. at 150 W. Ohio St.

-Mattingly Construction was awarded and has begun construction of a 2,000-square-foot build-out for Dr. Pavel Svilenov and Promise Road Dental, 12574 Promise Creek Lane, Fishers.

-Charles C Brandt Construction has completed a 5,000-square-foot demolition and renovation for the CHUBB Group on the 26th floor of the One America Building at Ohio and Illinois streets.
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People

June 10, 2013

Riley Hospital for Children at Indiana University Health has chosen Russell Williams as its next chief operating officer, replacing Brett Lee, who left suddenly two years ago. Williams will join Riley on July 15 after serving most recently as vice president of operations at Fairview Southdale Hospital in Minnesota. He previously oversaw construction of a children’s hospital for Fairview Health Services, which includes the University of Minnesota academic medical center. Williams earned a bachelor’s degree from Brigham Young University and a master's of healthcare administration from the University of Minnesota.

Dr. John Chappo, a hospitalist who cares for patients staying overnight in hospitals, has joined Danville-based Hendricks Regional Health. He holds a bachelor’s in biochemistry from Indiana University and an osteopathic medicine degree from the Kansas City University School of Medicine and Biosciences.

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Company news

June 10, 2013

Affiliates of Planned Parenthood in Indiana and Kentucky plan to merge on July 1 in an effort to pool resources, meet the challenges of the changing health care landscape, and potentially expand their reproductive-health services. The new not-for-profit is expected to be named Planned Parenthood of Indiana and Kentucky—or PPINK—and continue to operate the 28 existing health centers, with 26 of those in Indiana. Three of those Indiana centers perform abortions, but the Kentucky centers do not. The group will be based in Indianapolis, and employ 190 people in its health centers and administrative office. Betty Cockrum, president and CEO of the Indiana organization, will serve in the same role for the merged group. Mergers are common among the Planned Parenthood affiliates, according to the organization. At one time, the national Planned Parenthood family had more than 200 affiliates; there are now just 73. PPIN merged multiple times to become a statewide affiliate in 2004.

Indiana University Health has agreed to sell its eight occupational health clinics to a California-based chain that specializes in Workers' Compensation cases. US HealthWorks Medical Group, which already operates nearly 200 clinics in 17 states, agreed in May to acquire the eight clinics from IU Health, the largest hospital system in Indiana. The deal is expected to close before July. Neither entity disclosed the purchase price. US HealthWorks has offered jobs to 126 of the clinics' 149 workers. IU Health, which will maintain a role in serving clinic patients, has offered positions to 20 of those not hired by US HealthWorks and is working to place the remaining workers. US HealthWorks has been expanding rapidly even as the number of workers' comp cases trends down nationally. US HealthWorks operates occupational health clinics in Elkhart, Goshen, Muncie and Warsaw.

Franciscan St. Francis Health will close two After-Hours Clinics on the south side of Indianapolis at month’s end. The hospital system offered no explanation for the closures. It noted that it will keep operating a third After-Hours Clinic in Mooresville, and also will maintain two other immediate care clinics in the southern suburbs of Indianapolis. The clinics that will close are in Beech Grove at 2030 Churchman Ave. and near Franciscan’s Indianapolis hospital at 7855 S. Emerson Ave.

The state of Indiana plans to spend $37 million more each year reimbursing health care providers who treat Medicaid patients, partially reversing a 5-percent rate cut the state adopted in 2010 while struggling through the impacts of the national recession. A spokeswoman for Gov. Mike Pence said the increase would amount to 2 percent more for hospitals, nursing facilities, home health and immediate care providers. Cuts in how much the state Medicaid plan pays for dental, vision, medical transportation and other areas will be fully restored. The Legislature paid for the increased rates in their recently passed, $30 billion biennial budget.

Marian University in Indianapolis has announced it has reached its limit of 162 students for the incoming class of its new College of Osteopathic Medicine. School officials said they have received tuition deposits from 162 applicants. They say those students can still pursue their education elsewhere, but the school has a waiting list. They said they are confident they can fill any vacancies that arise.

The Indiana Blood Center is streamlining its blood mobile operations, closing a donor center and taking other cost-cutting measures in response to shrinking revenue from hospitals. The not-for-profit blood center announced June 4 that demand from hospitals has fallen 24 percent over the past year. That is forcing it to take steps that also include freezing management salaries, eliminating 45 positions, and discontinuing a therapeutic phlebotomy program. The blood center supplies more than 60 Indiana hospitals. It is funded by fees it charges those facilities to recruit donors and collect, test, process, label, store and distribute blood.

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People

June 6, 2013

Michael Cook has joined the local office of CBRE Group Inc. as a senior vice president with an emphasis on corporate services and advisory of multi-market industrial and manufacturing clients.

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Residential

June 6, 2013

The average rate for 30-year mortgages rose from 3.99 percent to 4.1 percent for the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.21 percent to 3.28 percent.

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Leases/leasing contracts

June 6, 2013

-Spectra Premium Industries leased 250,000 square feet at Axcess 70, 3052 N. Distribution Way, Greenfield. The tenant was represented by Andrew Morris, Tony Hupp and Andrea Hopper of Summit Realty Group. The landlord, Browning Investments, was represented by Mark Writt of CBRE.

-SKH Paper Company leased 42,500 square feet of industrial space at 2363 E Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The owner, CLPF-Plainfield Park 3 LP, was represented by Bryan Poynter of Cassidy Turley.

-Ruth’s Chris leased 10,257 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.  

-Gordon Trucking Inc. leased 10,116 square feet of industrial space and 4 acres of land at 3805 S. Harding St. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, L & S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group.

-Med Express Urgent Care leased 4,824 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-Med Express Urgent Care leased 4,794 square feet at Southport Shops, 7225 U.S. Route 31 South. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The Landlord, Southport Shops, was represented by Dean Almas of Sitehawk Retail Real Estate.

-Popeye’s Louisiana Kitchen leased a 4,200-square-foot building at 635 Carmel Drive, Carmel. The tenant was represented Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, NRW Corp., was represented by Todd Camesasca of Kosene & Kosene.  

-Meridian Pain Group P.C. leased 2,913 square feet at 9292 N. Meridian St., Suite 110. The tenant was represented by Drew Augustin of Alliance Commercial. The landlord, Fairhill Realty LLC, was represented by Matthew Broderick of Acorn Group Inc.

-Dentistry on 116th leased 2,880 square feet at 116th Street Centre, 33 E. 116th St., Fishers. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-South of Chicago Pizza leased 2,519 square feet at the Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-The Shipping Store & More renewed its lease for 1,765 square feet at Northbrook Shopping Center, 1427 W. 86th St. The tenant was represented by Pat Chesebrough of Century 21 Scheetz.  The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Shangri-La Foot Spa leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon.  The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Little Caesars leased 1,600 square feet of retail space at 2181 N. Meridian St.  The tenant was represented by Ron Mannon of Lee & Associates. The landlord, SRT Property Holdings LLC, was represented by Pat Boyle of Midland Atlantic.

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Sales/acquisitions

June 6, 2013

Express Motor Vehicle Administration bought an 18,940-square-foot building at 3960 Southeastern Ave. The buyer was represented by Marty Murphy. The sellers, Edward and Linda Calvert, were represented by Cam Kucic of Summit Realty Group.

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Sales/acquisitions

June 4, 2013
Marksmen Construction Services bought a 12,770-square-foot industrial property at 5235 Elmwood Ave. The buyer was represented by Fritz Kauffman of Cassidy Turley. The seller, JW Sales Inc., was represented by Lee Horgan of CBRE.
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Leases/leasing contracts

June 4, 2013
-Pacific and Southern Co. Inc. leased 18,000 square feet of industrial space at 1530 Brookville Crossing Way. The tenant was represented by Nick Arterburn of CBRE. The landlord, WF Industrial Properties, was represented by Patrick Lindley of Cassidy Turley.   

-American Window and Glass Inc. leased 15,582 square feet of industrial space at 5621-5647 Dividend Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Meritex Properties LLC, represented itself.

-Rock Steady Boxing Inc. leased 12,800 square feet of office space at 6847 Hillsdale Court. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Hillsdale Property Company LLC, was represented by Jack Hogan of Jones Lang LaSalle.

-Browning Chapman LLC leased 6,446 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-Classic Stone LLC leased 2,700 square feet of industrial space at 5751 5827 W. 73rd St. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.   

-MarketPath leased 2,345 square feet at 3850 Priority Way South. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, PP Indianapolis V Project, was represented by Rick Trimpe of CBRE.  

-Diamond Foods Inc. leased 2,095 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The tenant was represented by Zane Brown of CBRE. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Westfield Parks & Recreation leased 2,060 square feet of retail space in Cherry Street Plaza, 330 E. Main St., Westfield. The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.

-Mindful Movement Studio leased 1,791 square feet at Northbrook Shopping Center, 1475 W. 86th St. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Crepe Way leased 1,700 square feet at Castleton Shops, 5955 E. 82nd St. The tenant was represented by Kelli Memreno-lbanez of Libertad Real Estate. The landlord, Castleton Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-JS Sushi leased 1,600 square feet at The Shoppes at 54th Street, 5425 N. Keystone Ave. The landlord, KBF 54th LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-MANG THA Real Estate leased 1,463 square feet of office space in Winchester Place, 8060 Madison Ave. The tenant was represented by Nguncer Bualteng of MANG THA Real Estate. The landlord, Oak Property Group LLC, was represented by Cathy Richards of Lee & Associates.

-China Wok leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The tenant was represented by Chengang Tian of TLC Real Estate South. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley.

-Colon and Rectal Care Inc. leased 1,020 square feet of office space at Southpointe Office Park, 8936 Southpointe Drive. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, HTA-Southpointe LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.

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Residential

June 4, 2013
The average rate for 30-year mortgages rose from 3.74 percent to 3.99 percent for the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages rose from 2.97 percent to 3.21 percent.
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Construction

June 4, 2013

-Alt Construction has completed a 24,010-square-foot office build-out for CP Vincennes LLC at 4030 Vincennes Road.

-Alt Construction has completed a 2,100-square-foot build-out for PEARings: Frozen Yogurt & Beyond at 6 W. Washington St.

-Alt Construction has completed a 53,885-square-foot office build-out for Bell Techlogix at 4400 W. 96th St., Carmel.

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People

June 3, 2013

WellPoint Inc. named Lewis Hay III to its board of directors after announcing earlier this month that three members had resigned for personal reasons. He serves as executive chairman of Juno Beach, Fla.-based NextEra Energy Inc. but will retire at the end of this year. He was CEO of that company from 2001 through last year. WellPoint, the nation's second-largest health insurer, said May 13 that three long-standing board members—Sheila P. Burke, Dr. Lenox D. Baker Jr. and Susan B. Bayh—had left the board but did not resign due to disagreements or disputes with the company.

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Company news

June 3, 2013

Carmel-based Mainstreet Property Group plans to build a 100-bed “health care resort” on seven acres at 5404 Georgetown Road, according to a tax-abatement request filed with the city. The $9.25-million, 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef, spokeswoman Kate Snedeker said. Seventy of the beds would be for skilled nursing and 30 for assisted-living residents. Mainstreet would lease the property to a third-party operator, which hasn’t been identified. Mainstreet estimates the operator would employ 80 people earning an average $17.30 per hour. Mainstreet is seeking a three-year property-tax abatement that would save the company about $468,000, according to a preliminary resolution that goes before the Metropolitan Development Commission on June 5.

Indiana University and Purdue University joined nine other members of the Big Ten athletic conference June 1 to form the Big Ten Cancer Research Consortium. The schools intend to conduct collaborative clinical trials to develop insights and products to treat cancer. Indianapolis-based cancer research organization Hoosier Oncology Group will serve as administrative headquarters for the consortium. Since 1984, Hoosier Oncology Group has initiated more than 150 clinical trials with more than 4,000 patients. “The advantage of this, particularly during a time of austerity for research, is that we can build upon the strengths of the institutions and fortify some of the shortcomings,” Dr. Patrick Loehrer, director of the IU Melvin and Bren Simon Cancer Center, said in a prepared statement.

Eli Lilly and Co. suffered a setback on one of its attempts to win approval for new indications for its blockbuster lung cancer drug Alimta. The drug did not extend progression-free survival times longer than the old chemotherapy drug paclitaxel when studied in a clinical trial of patients with nonsquamous non-small lung cancer. Paclitaxel, or Taxol, was given to patients with two other chemotherapy agents, carboplatin and bevacizumab. Alimta was given to patients along with carboplatin. Alimta had nearly $2.6 billion in global sales last year, but its rate of growth slowed to just 5 percent. Lilly hoped a new indication would reignite Alimta growth rates, helping it offset revenue Lilly will lose in the next year as patents on its drugs Cymbalta and Evista expire. Alimta, by contrast, has patents that will likely extend its life through 2021.

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Company news

May 28, 2013

St. Vincent Health will lay off an unspecified number of employees across its 22-hospital network by June 30 in a cost-saving move the hospital blamed on Obamacare, cuts to Medicare reimbursement, and lower-than-expected volumes of patient procedures. Indianapolis-based St. Vincent, which is the second-largest hospital system in Indiana, employs nearly 18,000 workers. The Catholic organization is the sixth-largest employer in the state. St. Vincent spokesman Johnny Smith on May 23 declined to give an estimate of the number of people who will lose their jobs in the restructuring, saying St. Vincent executives had more work to do to discern which positions to eliminate. He said the job losses would be among both permanent workers and contract employees. He also said St. Vincent will look for expense reductions in its administrative functions, supply purchasing, and programs and services. He said he could not provide specific examples at this time. Other hospitals have been cutting expenses, too. Indiana University Health, the state’s largest hospital system, earlier this year delayed plans to expand its Methodist Hospital downtown. Also, IU Health CEO Dan Evans has said the hospital system intends to cut $1 billion—or more than 20 percent of its expenses—over the next four years, which would likely include staff reductions. Also, Community Health Network has cut out more than $100 million in annual expenses since 2009. It hopes to trim out a total of $300 million by 2015.

Indianapolis-based WellPoint Inc. was one of 13 insurers selected to participate in California’s state health exchange, according to Bloomberg News. The selection is important for WellPoint, because the exchanges are likely to become the most common way its large numbers of individual and small-business customers buy insurance in the future. While the premiums the insurers will charge vary widely depending on a person’s location and income, the director of the exchange said May 23 that premium increases will be less than the 30-percent jump projected by consulting company Milliman Inc. However, few other states have followed California in having the state government be an “active purchaser” of health plans, which may help hold down premiums more than in other states’ exchanges.

Eli Lilly and Co. signed its fourth deal in the past year with a company to help it produce companion diagnostics to accompany its experimental drugs. On May 23, Denver-based Corgenix Medical Corp. announced that it would collaborate with Indianapolis-based Lilly for diagnostic tests to identify the patients most helped by Lilly’s experimental cancer drugs. Financial terms of the deal were not disclosed. Nearly a year ago, Lilly inked a deal with Massachusetts-based PrimeraDx to develop companion diagnostics for cancer and other types of drugs. Then in January, Lilly signed on to a similar arrangement wth Dako, a Denmark-based unit of California-based Agilent Technologies Inc. And in February, Lilly said it was expanding its partnership with Germany-based Qiagen, N.V., to develop companion diagnostics for all kinds of drugs. Qiagen already helped Lilly and New York-based Bristol-Myers Squibb Co. develop a test to identify subsets of patients that benefit most from the cancer drug Erbitux.

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People

May 28, 2013

Dr. Thomas Lahr, a family physician, has joined the Franciscan Physician Network and Martinsville Family & Internal Medicine. He received his undergraduate degree in chemistry at IUPUI, as well as a master’s in physiology and a medical degree from the Indiana University School of Medicine.

Pamela Phillips, a psychologist, has joined the outpatient behavioral health services division at Franciscan St. Francis Health. Phillips recently completed a post-doctoral fellowship in clinical neuropsychology at the Indiana University School of Medicine. She received her undergraduate degree in psychology at Mercer University in Macon, Ga., and earned a master’s and a doctorate in clinical psychology at the Argosy University/Georgia School of Professional Psychology.

Dr. Jason Cheng-En Sea has joined Wishard-Eskenazi Health in the urology department. He obtained his medical degree from the University of Calgary, Alberta, Canada.

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Leases/leasing contracts

May 28, 2013
-Allison Transmission leased 127,446 square feet of industrial space at Park Fletcher, 2840 Fortune Circle West Drive. The tenant was represented by Glenn Davis and Ross Reller of Colliers International. The landlord, Duke Realty, was represented by Duke's Kate Willen Ems.

-GVS Filter Technology leased 43,200 square feet of industrial space at 5303 5373 W. 79th St. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
 
-Reading Bakery Systems leased 25,340 square feet in Park 100 Building 134, 7451-7543 Winton Drive. The tenant was represented by Glenn Davis of Colliers International. The landlord, Pinchal & Co., was represented by Chip Barnes and Jake Sturman of Jones Lang LaSalle.

-Goelzer Investment Management Inc. renewed its lease for 13,189 square feet of office space at 111 Monument Circle. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, HRPT Lenexa Trust Properties, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.

-Cisco leased 11,888 square feet at Meridian Mark II, 11711 N. Meridian St., Carmel. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Zeller Realty, was represented by Zeller's Mark Vollbrecht.

-Classic Designs Unlimited LLC leased 10,500 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.

-AmeriCare Ambulance Service leased 9,600 square feet of industrial space at 4180 N. Elmhurst Drive. The landlord, Carl Weedman Family Trust & Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-Relevant Technologies leased 3,848 square feet at Castle Creek IV, 5875 Castle Creek Parkway, North Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Orix USA, was represented by Matt Langfeldt of Summit Realty Group.

-Market Street Wealth Management Advisors LLC leased 2,872 square feet of office space at 3091 E. 98th St. The tenant was represented by Brooke Sipe of Alliance Commercial Real Estate. The landlord, Brookfield Real Estate Opportunity Fund, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Helix Medical LLC leased 2,439 square feet of office space at 7301 E. 90th St. The tenant was represented by Randall Tarnow of Mohr Partners. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.

-Indy EIFS Supply Inc. leased 2,400 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.

-Zico LLC leased 1,500 square feet of industrial space at 8444 W. Castlewood Drive. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
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Sales/acquisitions

May 28, 2013
New Decade Management LLC bought The Cottages, a 753-unit apartment complex at East 56th Street and Interstate 465. The buyer and seller, Bluestone Property Management, were represented by Steve LaMotte and Dane Wilson of CBRE.
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Residential

May 28, 2013
The average rate for 30-year mortgages rose from 3.71 percent to 3.74 percent for the week ended May 22, according to Bankrate.com. The rate for 15-year mortgages rose from 2.92 percent to 2.97 percent.
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People

May 28, 2013
Rebecca Wells has joined Jones Lang LaSalle as executive vice president.
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Construction

May 28, 2013
-Kort Builders has completed a 2,200-square-foot build-out of the restaurant Twist at 1134 E. 54th St.

-Kort Builders has completed a 1,680-square-foot build-out of the leasing office of The Maxwell apartments, 530 E. Ohio St., Suite C.

-Kort Builders has completed a 3,220-square-foot office build-out for Civil Environmental Consultants at 530 E. Ohio St., Suite G.
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  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

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