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People

October 7, 2013

Dr. Sarah Curry, a family physician, has been hired by Community Physician Network, part of the Indianapolis-based Community Health Network hospital system. Curry earned her medical degree at the Indiana University School of Medicine.

Dr. Megan Gruesser, a pediatrician, has been hired by Community Physician Network. She completed her medical degree at IU School of Medicine.

Dr. Joshua Kluetz, a family and sports medicine physician, has been hired by Community Physician Network. He did his medical training at Midwestern University Chicago College of Osteopathic Medicine.

Indianapolis-based OurHealth, which operates employer-sponsored health clinics, has hired Ashley Davis as its in-house graphical designer. She holds a master’s degree in design from IUPUI and a bachelor’s degree from Loyola University of Chicago.

Brandon Rogers has joined OurHealth as a senior engineer for information technology systems. He previously worked for Indianapolis-based consulting firm The Brookfield Group.

Over the next year, the six Daughters of Charity nuns who serve at Indianapolis-based hospital system St. Vincent Health leave to serve other areas. The sisters are Mary Kay Tyrell, Louise Busby, Rita Joyce DiNardo, Mary Satala, Mary Powers and Cecilia Ann West. In their place, St. Vincent and its parent, St. Louis-based Ascension Health, will use formation programs to train up lay leaders in the values of the Catholic church and the sisters’ tradition. Also, Sister Mary Kay Tyrell will continue to serve on the St. Vincent Indianapolis Hospital and Foundation boards, and Sister Renee Rose will serve as a member of the St. Vincent Health board.

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Leases/leasing contracts

October 1, 2013
-Katz Sapper & Miller renewed its lease for 75,064 square feet in Eight Parkwood, 800 E. 96th St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.   

Firebelly Technologies, doing business as Element Three, leased 16,521 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Sterling American Property Inc., was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley.

-Quadel Consulting leased 9,297 square feet of office space at 10 W. Market St. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Axia Technology Partners LLC leased 6,446 square feet of office space at 151 N. Delaware St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Hertz Investment Group, was represented by Rick Trimpe of CBRE.

-Petersen Engineering Inc. leased 6,150 square feet of office space at 8902 Vincennes Circle in Fortune Park. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, Fortune Park 14 Partners LLC, was represented by Tom Frank of Summit Realty Group.

-Homestead Financial leased 4,955 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Ash Brokerage Corp., was represented by Nick Svarczkopf of CBRE.

-Sen. Joe Donnelly leased 3,995 square feet of office space at 10 W. Market St. The tenant was represented by Gordon Hendry of CBRE. The landlord, HDG Mansur, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Deeper Life Bible Church leased 3,200 square feet of retail space in Lafayette Place, 3635 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Future Keys Inc. leased 2,094 square feet of office space at 3905 Vincennes Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Halakar Property Management acting as court-appointed receiver, was represented by Matt Kiger of Newmark Knight Frank Halakar.

-World Finance Co. leased 1,900 square feet of retail space in Honey Creek Plaza, 3835-37 Moller Road. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-$1.99 Cleaners leased 1,841 square feet of retail space in Norgate Plaza, 7235 N. Keystone Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Hat Kings leased 1,600 square feet in Lafayette Place, 3740 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Ministerios Torre Fuerte leased 1,600 square feet in Lafayette Place, 3643 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Kumon Math and Reading Center leased 1,400 square feet of retail space in Old Town Shoppes, 1260 W. 86th St. The tenant was represented by Creighton Shook of Coldwell Banker Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.
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Sales/acquisitions

October 1, 2013
-Manasek Acquisition Company II LLC bought a 201,308-square-foot industrial plant at 11700 N. State Road 37, Elwood. The buyer was represented by Richard R. King III and Steve Beals of Lee & Associates. The seller, The city of Elwood, represented itself.

-TJ Investment Group LLC bought a 5,118-square-foot office-warehouse building at 10078 Lantern Road, Fishers. The buyer was represented by Mark Writt of CBRE. The seller, Applied Technology Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Town of Brownsburg bought and leased back a 53,921-square-foot office and school property at 326 N. Green St., Brownsburg. The seller/tenant, the Archdiocese of Indianapolis (St. Malachy Parish), was represented by Kelly Williams and Ray Simons of Cassidy Turley. The buyer represented itself.

-Empower Results bought a 2,200-square-foot building 1052 Woodlawn Ave. The buyer was represented by Bud Green of ReMax Centerstone. The seller, Southeast Community Services Inc., was represented by Catherine Esselman of Penn Real Estate Inc.

-Five Points Enterprises LLC bought a 3,840-square-foot building at 540 Virginia Ave. The buyer and seller, the Estate of Donald R. Jones, were represented by Catherine Esselman of Penn Real Estate Inc.
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Residential

October 1, 2013
The average rate for 30-year mortgages fell from 4.66 percent to 4.47 percent in the week ended Sept. 25, according to Bankrate.com. The rate for 15-year mortgages fell from 3.70 percent to 3.53 percent.
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People

October 1, 2013
-Mark Sergi has joined CBRE Group Inc.'s Indianapolis office as a vice president focusing on occupier services for mid-cap clients.

-Bob Moreland, Bill Spencer and Brett Rose have joined Capitol Construction as project managers.
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Construction

October 1, 2013
-S&B Construction Group has completed a 70,000-square-foot facility for Self Storage @ Anson at 6978 Central Blvd., Whitestown.

-S&B Construction Group has completed a 7,400-square-foot retail center at 13844 Olivia Way, Fishers.

-Kort Builders has completed a 4,000-square-foot build-out for First Financial Bank at 5004 W. 71st St.
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People

September 30, 2013

Derron Bishop has been named interim director of the Indiana University School of Medicine-Muncie campus and interim associate dean at IU School of Medicine. Bishop, a professor of cellular and integrative physiology at IU School of Medicine-Muncie, joined the IU faculty in 2002. Bishop holds a master’s degree in physiology from Ball State University and a doctorate in neurosciences from Washington University in St. Louis. Bishop succeeds T. Stuart Walker, who had served as associate dean and director since 2006. Walker will continue teaching at IU School of Medicine-Muncie as a professor of microbiology and immunology.

The Behavior Analysis Center for Autism promoted Stacy Apraez to director of operations, overseeing all four facilities run by the center. She was previously the clinical director at the Behavior Analysis Center for Autism’s Fishers facility. Apraez holds a bachelor’s from State University of New York at Brockport.

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Company news

September 30, 2013

The federal Medicare program has decided, at least for now, not to reimburse health care providers who conduct diagnostic imaging tests using an Eli Lilly and Co. imaging agent that can help identify the presence of Alzheimer’s disease. Medicare will pay for those scans if they are part of a clinical trial of a drug and will consider paying for broader use in the future. But Indianapolis-based Lilly, as well as the Chicago-based Alzheimer’s Association, had been hoping for wider reimbursement now. The Alzheimer’s Association noted that it typically takes seven years for a procedure to move from clinical-trial-only reimbursement to broad reimbursement. The narrower use of Lilly’s agent, which is called Amyvid, is a small hit financially for Lilly. The bigger impact is that Lilly hoped wide use of Amyvid could help it and other companies bring drugs to market to treat Alzheimer’s. Since there are currently no effective treatments for the disease, any drug that did help with treatment would be an instant blockbuster. Lilly’s experimental drug solanezumab could have sales topping $4 billion annually if it proves effective in patients with mild Alzheimer’s disease. The drug failed its clinical trials last year when tested in a mix of mild and moderate Alzheimer’s patients, but it showed encouraging results in patients with only mild Alzheimer’s disease. The only way to identify such patients is by using a special kind of imaging test that will show deposits of a protein called amyloid—which is one of two telltale signs of Alzheimer’s disease. The imaging test is called PET, or positron emission tomography. Before Amyvid, however, the only way to view these plaques was during an autopsy.

Cancer drug Erbitux, which is partly owned by Indianapolis-based Eli Lilly and Co., extended the lives of patients with a form of advanced colon cancer more than seven months longer than those taking Roche Holding AG’s Avastin, according to clinical trial results released Saturday. According to Bloomberg News, the results were presented at a scientific conference in Europe by Germany-based Merck KGaA, which sells the medicine outside North America. Lilly and New York-based Bristol-Myers Squibb Co. market the drug in the United States. Erbitux generated sales for Merck of $1.2 billion last year, while Lilly realized $400 million in revenue from the drug in 2012. According to Bloomberg, the findings suggest that Erbitux, already approved in Europe as a treatment for patients with so-called KRAS wild-type tumors, may have a role in a subgroup of patients with so-called RAS wild-type cancer.

Purdue University chemistry professor Graham Cooks, whose research has played a role in the launch of several Indiana startups, was awarded the 2013 Dreyfus Prize in Chemical Sciences, the highest award possible for a chemist, during a ceremony last week. Cooks won the prize and its $250,000 payment for his innovations in the fields of mass spectrometry and analytical chemistry. Cooks and his team have fine-tuned the tools for molecular imaging for cancer diagnostics and surgery; therapeutic drug monitoring; testing for biomarkers in urine; and the identification of food-borne pathogens, bacteria, pesticides and explosives residues. His research has contributed to the technology developed by Griffin Analytical Technologies Inc., Prosolia, Inc. and InProteo LLC.

In a big disappointment, Indianapolis-based Eli Lilly and Co. reported that its experimental cancer drug ramucirumab proved no better than a placebo as a treatment for breast cancer. According to the Associated Press, the Indianapolis-based firm no longer plans to seek regulatory approval for the drug as a treatment for patients with a form of breast cancer that has spread. However, Lilly will seek approval to use ramucirumab in combination with chemotherapy in stomach cancer patients after ramucirumab performed better in a separate study on those patients. Ramucirumab extended both overall and progression-free survival times for patients with advanced gastric cancer. Lilly will seek approval from regulators for that use. It also is studying ramucirumab in colorectal and lung cancers and expects more late-stage research results next year. Ramucirumab is one of Lilly’s best hopes to produce new revenue to offset the loss of sales it has been suffering since the 2011 patent expirations on its then-best-seller, Zyprexa, and the patent expiration coming at year’s end on its current best seller, Cymbalta.

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Sales/acquisitions

September 24, 2013
-Westlake Shoppes IN LLC bought Westlake Shoppes, a 8,250-square-foot retail center at 835 Beachway Drive. The seller, 835 Beachway Drive LLC, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.

-North Hill Realty Group bought the 9,068-square-foot former Lotus Garden Restaurant building at 1045 N. Rangeline Road, Carmel. The buyer was represented by Drew Pattyn of Northern Commercial. The landlord, Lotus Investment Co., was represented by Steve Delaney and Craig Ramsay of Sitehawk Retail Real Estate.

-Atlanta-based Radco Cos. bought the 454-unit Lakewood Lodge Apartments at 65th Street and Keystone Avenue. The buyer, which has renamed the complex Ashford at Keystone, and seller, an affiliate of New York-based Lehman Brothers Holdings, were represented by Tikijian Associates.
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Leases/leasing contracts

September 24, 2013
-Jones Lang LaSalle has been named leasing agent for the 110,600-square-foot Chamber of Commerce Building, 320 N. Meridian St. Kevin Gillihan and James Clark of JLL are the leasing representatives.
    
-Ollie’s Bargain Outlet leased 30,000 square feet of retail space in River Ridge Plaza, 1634-A Scatterfield Road, Anderson. The tenant was represented by Bobby Traynham of Rhino Realty Group. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.

-Amarr Co. leased 14,400 square feet of industrial space at 7768 Zionsville Road. The tenant was represented by Michael Weishaar of Cassidy Turley and John Ruffin of Meridian Realty Group. The landlord, Zionsville Indy LLC, was represented by Michael Napariu of REI Investments.

-Architectural Supplements LLC leased 11,555 square feet of industrial space at 7301 Georgetown Road. The tenant was represented by Joe Boarini of Quest Commercial Real Estate LLC. The landlord, Source Interlink Companies, was represented by Grant Lindley of Cassidy Turley.
 
-Comic Book University leased 4,800 square feet at Greenwood Place, 7623 S. Shelby St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.

-Body Mind and Core leased 4,053 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.

-McFarling Foods leased 4,000 square feet of industrial space at 1234-1246 N. Capitol Ave. The landlord, 1234 N. Capitol LLC, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-Mattress Firm Inc. leased 3,500 square feet of retail space in the Shoppes at Smith Valley, 791 State Road 135, Greenwood. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, 791 SR 135 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.  

-Shorty's Pub and Eatery leased 2,800 square feet at Washington Corner, 9976-9978 E. Washington St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.

-School on Wheels leased 2,369 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.

-Art’s Skillet leased 2,326 square feet of retail space in Esquire Plaza, 8255 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Koko Fit Club leased 2,042 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Beth Patterson of Colliers International. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.

-Springleaf Financial leased 1,906 square feet of retail space in Cherry Tree Plaza, 9725 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
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People

September 24, 2013
Colliers International has added four people to its Investment & Multifamily Services team. Michael Wernke joined as senior vice president, Cory Detamore and Evan Bryant joined as associates, and Maria Stein was added as marketing coordinator.
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Residential

September 24, 2013
The average rate for 30-year mortgages fell to 4.66 percent from 4.71 percent in the week ended Sept. 18, according to Bankrate.com. The rate for 15-year mortgages fell from 3.75 percent to 3.70 percent.
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Construction

September 24, 2013
-Kort Builders has completed a 3,200-square-foot build-out for Maxwell Leasing Office at 530 E. Ohio St.

-Kort Builders has completed a 3,500-square-foot build-out for First Financial Bank at 1180 W. 86th St.
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Company news

September 23, 2013

California-based St. Baldrick’s Foundation awarded $127,182 in pediatric cancer research grants to two physicians at the Indiana University School of Medicine. Dr. Celeste Phillips-Salimi received $49,730 to fund her work to provide Web-based resources to improve quality of life for adolescents and young adults fighting cancer. Dr. Jodi Skiles was granted $77,452 to study when and why vincristine, a major drug used to treat many childhood cancers, becomes toxic in larger doses.

Indianapolis-based CRO Solutions Inc., a team of business development professionals that connects small and mid-sized contract research organizations to drug companies, has launched a subsidiary focused on contract research to develop drugs, medical devices and drug-device combination products. The unit, VxP Pharma Inc., also will be headquartered in Indianapolis, but have access to facilities in Europe and Asia. VxP consists of a series of small, independently owned facilities, each focused on just one area of drug development. The company has about 10 employees.

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People

September 23, 2013

Dr. Aaron Carlisle, a family medicine physician, has joined Community Health Physicians in Fishers. Carlisle earned his medical degree from Tulane University School of Medicine. Prior to coming to Community, he served for 12 years as a family medicine physician in the United States Army, including two tours in Iraq.

Dr. Roberto Darroca, an OB-GYN physician, has joined Community Health Network in Muncie. Darroca completed his medical degree at the Indiana University School of Medicine. He was previously in private practice for 22 years.
 

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Sales/acquisitions

September 17, 2013
-Hadah LLC bought 6.19 acres at 17400 Oak Ridge Road, Westfield. The buyer was represented by Bryan Poynter of Cassidy Turley. The seller, Oak Ridge Real Estate Development LLC, was represented by Craig Kaiser of Northern Commercial.
 
-International Disaster Emergency Services Inc. bought a 25,761-square-foot industrial property at 355 Park 32 West Drive, Noblesville. The buyer was represented by Michael Weishaar of Cassidy Turley. The seller, FEPCO, was represented by Craig Kaiser of Northern Commercial.
 
-ZZZ LLC bought a 10,010-square-foot industrial property at 15248 Stony Creek Way, Noblesville. The buyer was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The seller, Acquired Capital I LLP, was represented by Jeff Hubley of Midland Atlantic Properties.
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Leases/leasing contracts

September 17, 2013
-Herman & Kittle leased 21,954 square feet Four Parkwood Crossing, 500 E. 96th St. The lease was a renewal with a 7,718-square-foot expansion The tenant was represented by Jon Jessup and Matt Waggoner of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Adam Seger.

-Nexus Academy Blended Learning Schools leased 10,008 square feet at Glendale Town Center, 6101 N. Keystone Ave. The tenant was represented by Lynelle Noll and Nick Arterburn of CBRE. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-A&P Ventures LLC renewed its lease for 6,000 square feet of industrial space at 9319 9341 Castlegate Drive. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, First Industrial Realty Trust, represented itself.

-J.Allan Hall & Associates Inc. leased 5,250 square feet at Circle Tower, 55 Monument Circle. The landlord, Ambrose Property Group LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Woodhouse Day Spa leased 4,955 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Suite 118, Fishers. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, 116th & Olio LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Revolution X leased 4,267 square feet of flex space at 12800 Ford Drive. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Mahi Development Co., was represented by Brad Williams of Summit Realty.

-Westbridge Investments leased 3,580 square feet of retail space at Rangeline Road and City Center Drive, Carmel. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Carmel City Center LLC, was represented by Melissa Averitt of Pedcor Companies.

-National Permit Services Inc. leased 3,300 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Qdoba Mexican Grill leased 3,138 square feet at Traders Point II, 5650 E. 86th St. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Kite West 86th Street II LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Cycle Gear Inc. leased 3,100 square feet at Castleton Shoppes, 6024 E. 82nd St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Castleton Shoppes LLP, represented itself.
 
-Accelerated Health Systems, LLC leased 2,400 square feet of retail space in Scatterfield Shoppes, 4299 S. Scatterfield Road, Anderson. The tenant was represented by Jonathan Sharp of Sharp Commercial.  The landlord, McCardwell Inc., was represented by Scot Courtney and Bart Jackson of Lee & Associates.

-Red Sake leased 2,250 square feet of retail space in Fall Creek Harbour, 11228 Fall Creek Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.
 
-Jimmy Johns Gourmet Sandwiches leased 1,780 square feet of retail space in Emerson Shoppes, 4914 S. Emerson Ave. The tenant was represented by Jeff Daniel of Valenti Real Estate Services Inc. The landlord, KLC Realty LLC, was represent by Greg Smith of Colliers International.

-Marco’s Pizza leased 1,600 square feet of retail space in Stop 11 Crossing, 7930 S. Emerson Ave. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.

-TCBY leased 1,504 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Bill French of Cassidy Turley. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-Next Level Nutrition leased 1,000 square feet at Cool Creek Commons, 2456 E. 146th St., Carmel. The tenant was represented by Marilyn Farley of ReMax Select Inc. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group.

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Residential

September 17, 2013
The average rate for 30-year mortgages dipped to 4.71 percent from 4.72 percent in the week ended Sept. 11, according to Bankrate.com. The rate for 15-year mortgages rose to 3.75 percent from 3.74 percent.
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Construction

September 17, 2013
-TMG Construction Management Inc. has begun construction of an 861-square-foot Chipotle Mexican Grill in the Fashion Mall at Keystone at the Crossing.

-Capitol Construction has completed a 1,750-square-foot retail build-out for Starbucks at 13844 Olivia Way, Fishers.

-Capitol Construction has completed a 925-square-foot retail build-out for Dottie Couture at 8555 River Road.
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People

September 16, 2013
Community Health Network hired Wayne Pack as its chief human resources officer, replacing Jill Parris, who is retiring at the end of the year. Pack previously was senior vice president for human resources in the Americas division of Indianapolis-based Brightpoint North America, and before that was vice president of worldwide human resources at Carmel-based Thomson. Pack holds a bachelor’s degree from Tennessee Technological University.

Dr. David Williams has been named president of the west region of Community Health Network. Williams has held numerous leadership positions at Community Westview Hospital, including chief physician executive and chief of staff. He holds a bachelor’s degree from Ohio University in Athens and a doctor of osteopathy degree from Kansas City University of Medicine and Biosciences.

Sarah Knisely-King, a registered nurse, has been named chief operating officer and chief nursing executive for Community Health Network’s south region. She was most recently director of emergency services at Community Hospital South. Knisely-King holds a bachelor’s degree in nursing from Purdue University and a master’s degree in nursing administration from Lewis University.

Hendricks Regional Health Medical Group has hired Dr. Julia Ruckman, an OB/GYN, as part of its Westside Physicians for Women practice in Avon. Ruckman holds a bachelor’s degree from Indiana University and a medical degree from the Indiana University School of Medicine.

Dr. Frances Russell has joined Wishard-Eskenazi Health in emergency medicine. She received her undergraduate degree from Iona College and medical degree from the University of Wisconsin.

Dr. Constantine Albany has joined Wishard-Eskenazi Health in its special medicine oncology clinic. He received his medical degree from Techreen University in Syria.
 
Dr. Zachary Kahler has joined Wishard-Eskenazi Health in emergency medicine. He received his undergraduate degree from Carnegie Mellon University and medical degree from the University of Arizona.
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Company news

September 16, 2013
By year end, the St. Vincent Health hospital system will spin off its New Hope organization for Hoosiers with development disabilities. St. Vincent New Hope will become a stand-alone organization that will continue to run group homes for its patients. New Hope started offering counseling, day programs and residential housing in 1978. About a decade later, St. Vincent joined forces with New Hope. St. Vincent Health will make a cash infusion to New Hope and also donate to New Hope more than 38 central Indiana group home properties. Jim Van Dyke, executive director of St.Vincent New Hope, said in a prepared statement, “This new phase in our history will allow us to implement even stronger programs that will enable New Hope to continue serving our clients well into the future.”

Major health insurers, including WellPoint Inc., are in line for another year of growth, thanks to Obamacare, according to Bloomberg News. Bloomberg cited Barclays Capital analyst Joshua Raskin, who in a research note late last week said the Medicaid expansion funded by Obamacare should help drive enrollment growth next year, and the health insurance exchanges in each state will wind up being a "very small" influence. WellPoint shares rose 57 cents Monday morning to $89.66 each.

Admissions at Indiana University Health hospitals in the first half of the year dipped 4.3 percent, prompting IU Health executives to give pink slips to about 800 employees, according to an announcement Thursday morning. Meanwhile, however, IU Health's business is stronger than ever, with income from operations shooting up nearly 20 percent in the first half of the year.IU Health currently has 36,000 employees, although many of them work part time. Its full-time-equivalent work force totals 27,000. For all of 2012, IU Health had revenue of $5.6 billion. IU Health’s decision comes less than three months after Indianapolis-based St. Vincent Health laid off 865 workers in late June, which was part of a 5,000-worker layoff by its parent organization, St. Louis-based Ascension Health Alliance. IU Health CEO Dan Evans said in an April interview that the hospital system is trying to cut $1 billion in expenses by 2017. So far, IU Health has been able to offset its decline in hospital admissions with an 8-percent price increase and by receiving more patient visits to its outpatient facilities. Excluding one-time items, IU Health income from operations rose 19 percent in the first half of 2013 compared to the same period in 2012. IU Health pulled in $186.3 million during those six months, compared with $156.6 million the year before. Inpatient admissions—those involving an overnight stay—had been climbing consistently throughout 2012. But then, in January, they started to fall.

Indiana University is cutting about 50 hourly workers at its Bloomington campus and shifting that work to a temporary staffing agency. Spokesman Mark Land said the move was in the works, but was accelerated so IU could avoid having to add those workers to the IU health insurance plan as required by the federal health care overhaul if they average more than 30 hours a week. Land told The Herald-Times that shifting 50 of the physical plant department's 650 jobs will also relieve the administrative task of managing the hours of seasonal workers. IU will have the Manpower agency hire the maintenance and custodial personnel after Sept. 28. The university will pay the agency an administrative fee to manage the workers.

Indianapolis-based Eli Lilly and Co. sued Canada last week, seeking $500 million in damages because the drugmaker thinks Canada’s courts violated the North American Free Trade Agreement by invalidating patents on two Lilly drugs. According to CBC News, Lilly had sought relief from Canada through arbitration, but will now take its complaint before a three-member tribunal. Lilly is suing because Canadian courts struck down some of its patents on its former bestseller Zyprexa, an antipsychotic medication, and on Strattera, a medicine to treat attention-deficit hyperactivity disorder. Lilly says the court rulings, issues from 2009 to 2011, cost Lilly hundreds of millions in sales because they allowed cheaper generic versions of the drugs to undercut Lilly’s brand-name products sooner than would have otherwise occurred. "Patent decisions in Canada over the last decade not only fly in the face of long-established international standards, but they're subjective and completely unpredictable," Doug Norman, general patent counsel for Eli Lilly, said in a prepared statement.

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Sales/acquisitions

September 10, 2013
-Justus Cos. bought 65 acres at State Road 32 and Little Chicago Road, Noblesville. Both the buyer and seller, Equicor Development, Inc., were represented by Bill Flanary of Cassidy Turley.

-C&D of Indiana Management LLC bought a 19,225-square-foot retail property at 710 N. U.S. 31, Greenwood. The buyer was represented by Bill French of Cassidy Turley. The seller, Hostess Foods LLC, was represented by Creighton Shook of Coldwell Banker.

-Woodcreek Crossing Development Ltd. bought 39 acres at Dan Jones Road & County Road 200 North, Avon. The seller, Ash Realty Holdings LLC, was represented by Bill Flanary and Bo Leffel of Cassidy Turley. The buyer represented itself.
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Leases/leasing contracts

September 10, 2013
-American Specialty Health leased 72,693 square feet in Hamilton Crossing III, 12800 North Meridian St., Carmel. The tenant was represented by Chris Carmen of Carmen Commercial Real Estate. The landlord, Duke Realty, was represented by Duke's Adam Seger.
 
-Sircon Corp. leased 12,135 square feet at 7835 Woodland Drive. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Adam Seger.

-Drees Homes leased 8,329 square feet at 900 E 96th St. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.

-Due Doyle Fanning Ewing & Metzger LLP leased 6,526 square feet at Circle Tower, 55 Monument Circle. The tenant was represented by George Dury of Dury Investment Group. The landlord, Ambrose Property Group LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Auto Tire Car Care Inc. leased 5,000 square feet of retail space at 3115 Meridian Parke Drive, Greenwood. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself. 

-Index Notion Co. Inc. leased 4,800 square feet of retail space at 5855 5905 S. Madison Ave. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Index Notion Co. Inc. leased 4,600 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-ATC Realty One LLC leased 4,000 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, REDUS Properties Inc., was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.  

-Vision Works leased 3,000 square feet of retail space at 10777 E. Washington St. The tenant was represented by Patrick Boyle of Midland Atlantic Properties. The landlord, Indiana Properties Group LLC, was represented by Jacque Haynes of Cassidy Turley.

-GolfTec leased 1,979 square feet of retail space at 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.  

-Goodwill Industries of Central Indiana leased 1,600 square feet of retail space at 8922 E. 96th St., Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, Glendale Partners, was represented by Paul Rogozinski of Veritas Realty LLC.

-Indy Smoke Time leased 1,405 square feet of retail space at 2234 Broad Ripple Ave. The landlord, Dawnbury Inc., was represented by John Byrne of Cassidy Turley. The tenant represented itself.
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Residential

September 10, 2013
The average rate for 30-year mortgages rose to 4.72 percent from 4.62 percent in the week ended Sept. 4, according to Bankrate.com. The rate for 15-year mortgages rose to 3.74 percent from 3.66 percent.
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People

September 10, 2013
-Kim Hurd has joined Milhaus' new property management division as director of residential services for Artistry. Danielle Littlejohn has been named residential services manager at Artistry.

-John Salsberry has joined CBRE Group's Indianapolis office as asset services director.
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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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