newsletter.story

Rates

June 23, 2014
The average rate for 30-year mortgages dipped from 4.34 percent to 4.33 percent in the week ended June 19, according to Bankrate.com. The rate for 15-year mortgages rose from 3.43 percent to 3.44 percent.
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Leases/leasing contracts

June 23, 2014

-National Oilwell Varco leased 31,790 square feet of industrial space at 9870 E. 30th St. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, James D. Crawford Trust, was represented by Luke Wessel of Cassidy Turley.

-Progressive Casualty Insurance Co. renewed its lease for 17,444 square feet of office space at 5975 Castle Creek Parkway. The tenant was represented by Tom Osborne and Kimberly Estes Hartman of Colliers International. The landlord, LS REF2 OREO/Castle Creek, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.

-The Icing On The Cake Event Center LLC leased 4,084 square feet of retail space at Lafayette Center, 4261 Lafayette Road. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar.The landlord, Namdar Realty Group, was represented by Bill Marsh and Greg Smith of Colliers International.

-CTL Global Holdings LLC leased 2,125 square feet of industrial space at 6330 E. 75th St. The landlord, TIAA-CREF, was represented by Todd Vannatta and Bennett Williams of Cassidy Turley. The tenant represented itself.

-Sweet Express Yogurt Shop leased 1,967 square feet at North Willow Mall, 2278 W. 86th St. The landlord, Township 86 Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-A Nail Salon leased 1,800 square feet at Brownsburg Shopping Center, 816 E. Main St., Brownsburg. The landlord, TCP Brownsburg Center LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Little Caesars leased 1,460 square feet at Sandstone Commons, 11640 Brooks School Road, Fishers.  The landlord, CPM III LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-China Wok Restaurant leased 1,370 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Jerry Zheng of DOC Real Estate Inc. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-9-Round Kickboxing leased 1,272 square feet at 116th Street Centre, 980 E. 116th St., Carmel. The Landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

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Sales/Acquisitions

June 23, 2014

-Goodwill Industries of Central Indiana bought 4.96 acres at 3730 Shady Lane, Plainfield. The buyer was represented by Bill French of Cassidy Turley. The seller, Galyan Enterprises Inc., was represented by Steve Daum of Cushman & Wakefield/Summit.

-The American Legion Department of Indiana bought a 6,208-square-foot office building at 5440 Herbert Lord Road. The buyer was represented by Jon Owens of Cassidy Turley. The seller, Indiana Soccer Association Inc., was represented by Kevin Gillihan of JLL.

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People

June 23, 2014

Herb Buchanan will join Indiana University Health as president of its Methodist and University hospitals on July 7. He will replace Jim Terwilliger, who was asked to leave that position in January. Since 2012, Buchanan has been CEO of Howard University Hospital in Washington, D.C. Before that, he served as chief operating officer for the University of Maryland Medical Center in Baltimore. Buchanan earned his MBA from Northwestern University’s Kellogg Graduate School of Management, as well as graduate and undergraduate degrees in mechanical engineering from the University of Michigan and the Massachusetts Institute of Technology, respectively.

Pearl Pathways, an Indianapolis-based life sciences consulting firm, has hired Heidi Hancock Strunk as a regulatory compliance adviser. Strunk previously led the regulatory and quality team at Hologic Corp.'s Indiana facility, and before that held leadership positions at Roche Diagnostics Corp. and Suros Surgical Systems. Strunk holds a bachelor’s degree from Purdue University.

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Company news

June 23, 2014

More than 100 Indiana firms since January have told federal regulators they plan to offer up ownership stakes or take on debt. That’s approaching a year’s worth of activity in less than six months, based on the state’s performance the past few years. Firms selling equity or debt include numerous health care firms, such as RepuCare, HC1.com, Indigo BioSystems, SonarMed and Wellfount. Indigo CEO Randy Julian boiled his firm’s investment timing down to, “It was time to mash the pedal to the floor and go.” The 47-employee company, which develops software for medical laboratories, secured $8.5 million earlier this month. “I do think if you look around,” Julian said, “the other companies that have raised money have had some component of that story that’s the same.”

Carmel-based Mainstreet has built 14 short-term rehabilitation facilities—usually near hospitals—and has 17 more under construction or in planning stages. That rapid building helped drive the company from $11 million in revenue in 2011 to more than $66 million two years later, making it the fastest-growing private company in the Indianapolis area. “We’re in the right place at the right time. We’ve invested heavily into our systems and our designs and now are really bearing the fruits of a lot of years of labor,” said Mainstreet CEO Zeke Turner. Beginning in 2015, rather than only build facilities that others operate, Mainstreet will begin to operate some facilities that it builds. The first two Mainstreet-operated facilities are scheduled to open in Carmel and Bloomington.

Shares of central Indiana pharmaceutical firm Endocyte Inc. lost 15 percent of their value last week after industry giant Merck & Co. Inc. gave up on developing Endocyte cancer drug vintafolide. On Tuesday evening, West-Lafayette-based Endocyte said it had regained worldwide rights to vintafolide from Merck. The move essentially meant Endocyte lost Merck’s financial backing and sales muscle for the drug. The treatment failed a key study last month, leading to a 62-percent single-day drop in Endocyte's share price on May 2. Endocyte and Merck announced May 19 that they were terminating a clinical trial of the drug, after an analysis showed vintafolide didn’t demonstrate efficacy when treating patients with platinum-resistant ovarian cancer. Endocyte said it will continue to test vintafolide for lung cancer. Shares of Endocyte closed Friday at $6.55 apiece.

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Sales/acquisitions

June 17, 2014
-TWG Investors bought the original Lawrence High School, a 15,000-square-foot building on 2.4 acres at 8301 E. 46th St.  The seller, Metropolitan School District of Lawrence Township, was represented by Tim Norton, Katie Sobotowski and Tony Hupp of Cushman & Wakefield/Summit. The buyer represented itself.

-Robert's Distributing bought a 35,000-square-foot industrial building at 220 E. St. Clair St. The buyer was represented by Bill French and Fritz Kauffman of Cassidy Turley. The seller, Office Furniture Mart, was represented by J.D. Graves of CBRE.

-Ray Penn LLC bought a 57,358-square-foot industrial building at 927 S. Pennsylvania St. The buyer was represented by Walter Freihofer of Freihofer Commercial Real Estate. The seller, 927 S. Penn LLC, was represented by Patrick Lindley of Cassidy Turley.
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Leases/leasing contracts

June 17, 2014
-TriMedX leased 26,029 square feet of office space at 5555-5587 W. 73rd St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Duke Realty Corp., represented itself.

-HopCat-Broad Ripple leased 9,620 square feet of retail space in the Broad Ripple Parking Garage, 6280 N. College Ave. The tenant was represented by Ben Andrews of Sperry Van Ness. The landlord, 6280 LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Bspot leased 3,887 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Brian Epstein of UrbanSpace. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein and Steve Delaney of Sitehawk Retail Real Estate.  

-GPE leased 3,740 square feet of flex space at Roosevelt Business Park, 2506 Roosevelt Ave. The landlord, Gilliatte Family Realty LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Now Courier Inc. leased 3,200 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Ryan Kelly of Cushman & Wakefield/Summit. The landlord, Orton Development Inc., was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-General Services Administration renewed its lease for 2,407 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The tenant represented itself.

-Dr. Kenneth Ackles Sr. leased 1,466 square feet of office space in the Meridian Professional Building, 3266 N. Meridian St. The landlord, PBB III LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Protis Executive Innovations Inc. leased 1,217 square feet of office space in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Unique Heart Productions LLC leased 517 square feet of office space in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
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Rates

June 17, 2014
The average rate for 30-year mortgages rose from 4.32 percent to 4.34 percent in the week ended June 12, according to Bankrate.com. The rate for 15-year mortgages rose from 3.41 percent to 3.43 percent.
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People

June 17, 2014
-Tammy Recker, brokerage coordinator for JLL's industrial services team, has been promoted to leasing associate for the firm's office services team.

-Sarah Morey has joined JLL as brokerage coordinator for the industrial services team.

-Ryan Room has joined JLL as general manager and vice president of the firm's property management team.
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Construction

June 17, 2014
-Holladay Construction Group LLC. has completed an 8,612-square-foot bank renovation for Centier at 568 Carmel Drive.  

-Holladay Construction Group LLC has partnered with Holladay Properties and Schahet Hotels to begin construction of a five-story, 122-room, 82,000-square-foot, full service Holiday Inn near Indianapolis International Airport. Completion is scheduled for the winter of 2015.
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Company news

June 16, 2014

Indianapolis-based Harlan Laboratories quietly sold itself last month to United Kingdom-based Huntingdon Life Sciences. Huntingdon has 1,200 employees, most of them in the UK and Princeton, N.J. Harlan has about 2,300 employees worldwide, including 300 locally. “There are no plans to have any layoffs in the area, and Huntingdon is planning to continue an Indianapolis presence,” Harlan Chief Financial Officer Doug Vaughan said. “We would hope our business will grow locally.” Harlan had been weighed down by declining revenue in its contract research business and a pile of debt, which credit analysts deemed a serious liability. Already out of the picture is Harlan CEO Hans Thumen. Contacted via LinkedIn, Thumen declined to comment. But Vaughan said he left when the deal closed because “the combined company only needed one CEO.” The huge debt load was left over from the 2005 leveraged buyout of the company by San Francisco-based Genstar Capital. In early 2013, Harlan nearly engineered a $305 million restructuring, but the deal fell apart. Last fall, IBJ reported that Genstar might sell the company to avert default on $280 million in debt due to be paid off in July 2014.

Community Health Network and Eskenazi Health quietly called off their engagement months ago, when they found out federal laws effectively prohibited their marriage. Leaders of the two Indianapolis-based hospital systems are holding out hope they still may be able to join, but doing so would require Congress to change federal tax laws—and getting anything passed in Congress these days is extremely difficult. The two hospital systems announced in February 2013 a joint operating partnership that would create a joint board to form common strategies, pricing and clinical collaborations. They staged a splashy press conference at City Market, with public officials in attendance. Their plan would have created a primary care behemoth, with more front doors to access health care than any other hospital system in the area. That would have put Community and Eskenazi in a position to scoop up customers newly insured under Obamacare. But in late September, Community CEO Bryan Mills called off the deal so the organizations could focus on changes coming from Obamacare and so Eskenazi could focus on completing its new 315-bed hospital, which opened in December. The rules for the special bonds Eskenazi sold to finance its $754 million hospital require that the recipient of proceeds be separate from any private organizations. The bonds were part of the Build America section of President Obama’s 2009 stimulus package, and offered lower interest rates for publicly funded projects.

Dr. Ora Pescovitz, the former CEO of Riley Hospital for Children at Indiana University Health, is returning to Indianapolis to work for Eli Lilly and Co. Pescovitz, 57, spent the past five years as CEO of the University of Michigan Health System. Pescovitz, who stepped down from her Michigan position June 1, will join Lilly in October as a senior vice president, medical. Initially, she will work under Dr. Tim Garnett, Lilly’s chief medical officer, focusing on medical policy issues, such as Lilly’s relationship with health care professionals, expanding access to Lilly medicines, and patient support programs. After what Lilly is calling an “orientation period,” Pescovitz will move to “a senior medical leadership role,” according to a statement from Lilly spokeswoman Janice Chavers.

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People

June 16, 2014

Kelli Burress, a nurse practitioner, has joined St. Vincent Medical Group in Greencastle. Burress earned an associate’s degree from Ivy Tech State College in Indianapolis and a bachelor’s degree in nursing from Indiana Wesleyan University in Indianapolis.

Dr. Mohammed Tarrabain, a family physician, has joined St. Vincent Medical Group in Carmel. Tarrabain earned his medical degree from The American University of Beirut in Lebanon.

Dr. Tim Franson has joined Indianapolis-based YourEncore as chief medical officer. Franson was vice president of global regulatory affairs at Eli Lilly and Co. and since then has worked as a consultant, on his own and at FaegreBD Consulting. Franson holds a bachelor’s degree from the University of Iowa and a medical degree from the University of Illinois College of Medicine.

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Correction

June 10, 2014
Andrew Leonard is with 7D Commercial Real Estate. The firm name was incorrect in the 3 Sisters Cafe lease published last week.
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Leases/leasing contracts

June 10, 2014
-HJ Umbaugh & Associates leased 20,937 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Christopher Carmen of Carmen Commercial Real Estate Services Inc. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
 
-3xLogic Inc. leased 14,182 square feet of industrial space at 9880-9896 E. 121st St., Fishers. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.

-The Tamale Place leased 2,590 square feet at 1155 Stop 11 Road, Suite D. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, J&J Partners LLC, was represented by Ryan Zickler of Zickler and Associates.

-Wynright Corp. leased 2,400 square feet of industrial space at 5603 W. Raymond St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Dr. Billie J. Jameson  leased 2,270 square feet of office space in the Meridian Professional Building, 3266 N. Meridian St. The landlord, PBB III LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Omni Tech Calibration Services Inc. leased 2,250 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Matt Kiger and Derek Menerey of Newmark Knight Frank Halakar. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Force Holding Company LLC leased 2,160 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, CrossLake Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.

-Dajac Inc. leased 2,000 square feet of industrial space at 17406 Tiller Court, Westfield. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, First Financial Bank NA, was represented by J.D. Graves of CBRE.

-Encanto De Yemaya leased 1,420 square feet of retail space at Grant Plaza, 3035 Lafayette Road.The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-The Bully Store leased 850 square feet of retail space at 2405 Lafayette Road. The landlord, 2405 Lafayette Road LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
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People

June 10, 2014
Meyer Najem Construction Executive Vice President Sam Mishelow has been promoted to chief strategy officer of the company.
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Rates

June 10, 2014
The average rate for 30-year mortgages rose from 4.25 percent to 4.32 percent in the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.35 percent to 3.41 percent.
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Construction

June 10, 2014
-Capitol Construction has completed a 3,000-square-foot retail build-out for MG Tates at 8702 Keystone Crossing.

-Capitol Construction has completed a 3,800-square-foot retail build-out for AFSCME at 9075 N. Meridian St.
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Company news

June 9, 2014

Indianapolis-based VoCare Inc. has formed a partnership with Motorola Mobility LLC, a subsidiary of Google Inc., to offer telehealth and remote monitoring services to seniors via Motorola smartphones. The partnership comes as VoCare raised $5 million this spring and is now trying to raise another $20 million. Along with Motorola, VoCare will offer smartphones that come preloaded with applications that connect to health care monitoring peripherals, the peripherals themselves, along with the phone and data services needed to power them. The VoCare phones have a safety button that connects them immediately to a remote call center if they experience falls or other emergencies. Also, VoCare’s remote monitoring system can keep track of seniors' health status as they use the medical peripherals or if their typical movement patterns change, suggesting a change in health. VoCare CEO Steve Peabody said in a prepared statement that the service will allow doctors to keep track of their patients and, using the video functions on the smartphones, make “virtual house calls.”

Indianapolis-based Indigo BioSystems Inc. has changed CEOs after securing $8.5 million in venture capital. The north-side firm of 47 employees makes software used by medical and research labs to review and analyze chemical compounds and tissue samples. Its new CEO is past president Randall Julian, a former Eli Lilly and Co. researcher who founded the company in 2004 through the drugmaker’s venture group. Julian takes over from Raul Zavaleta, who had led the company since 2011 so Julian could focus on product development. Zavaleta remains with the company as a consultant and a board director. Bootstrap Venture Fund LP, headquartered in San Diego, led the $8.5 million investment round. The investment is Indigo's second from a venture capital firm. The company raised $1.8 million in 2011. It has also received $1.75 million in grants from the federally funded 21st Century Research and Technology Fund, as well as $700,000 in conditional tax credits through the Indiana Economic Development Corp.

Indianapolis-based Cornerstone Cos. could break ground this year on an $11 million medical office building, expected to be largely owned by the doctors who practice there. Cornerstone is planning to locate the three-story, 43,000-square-foot building along Interstate 69 on a four-acre site on Olivia Way, which is near both the St. Vincent Fishers Hospital and the Indiana University Health Saxony Hospital. The Fishers Town Council agreed to forgive two-thirds of the property taxes on the project for six years. When the abatement runs out, Deer Creek Point’s property tax bill is expected to be about $178,000 a year—$70,000 more than a retail project would generate, according to projections prepared by public finance firm H.J. Umbaugh & Associates.

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People

June 9, 2014

Thomas Mooney has been appointed CEO of Methodist Sports Medicine, overseeing three locations in Avon, Carmel and Greenwood. According to his LinkedIn profile, Mooney was most recently CEO of an orthopedic physician practice in central Pennsylvania. Mooney holds a bachelor’s degree in business from Towson State University and an MBA from the University of Phoenix.

Bob Wade, a health care attorney at Indianapolis law firm Krieg DeVault LLP, was named the compliance expert to the board of Halifax Health in Daytona Beach, Fla. The hospital system agreed to an $85 million settlement with the U.S. Department of Justice over alleged illegal contracts with doctors that violated the federal Stark statutes. Wade, an expert in the Stark laws, will help the hospital rewrite its contracts with physicians and establish a compliance program.

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Correction

June 3, 2014
CISolutions leased 20,307 square feet of industrial space at 3169 N. Shadeland Ave. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, First Highland, was represented by Todd Vannatta of Cassidy Turley. The landlord was misidentified in last week's Real Estate Weekly.
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Sales/acquisitions

June 3, 2014
-Amerco Real Estate Co. bought 5.25 acres at 4015 S. East St. The seller, Madison Realty Capital, was represented by Craig Ramsay of Sitehawk Retail Real Estate. The buyer represented itself.

-RH of Indiana LP bought 41 acres at 5575 N. County Road 600 East, Brownsburg. The buyer was represented by Bo Leffel of Cassidy Turley. The sellers, Terry L. and Ramona G. Henderson, were represented by David Horth of Quest Commercial Real Estate.

-Grace Community Church of Hamilton County Inc. bought six parcels totaling 24.71 acres at the southwest corner of 126th Street and Olio Road in Fishers. The buyer was represented by Darrin Boyd and David Moore of Cassidy Turley and Jeffrey Luebker of CBRE. The six sellers were all represented by Bo Leffel of Cassidy Turley.
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Leases/leasing contracts

June 3, 2014
-DQE renewed its lease for 48,080 square feet at 9910 North by Northeast Blvd., Fishers. The tenant was represented by Andrew Morris of Cushman & Wakefield/Summit. The landlord, Meritex Enterprises Inc., represented itself.

-Brickman Group leased 28,734 square feet at 8731 Americana Blvd. The tenant was represented by Brian Buschuk and Jake Sturman of JLL. The landlord, Maddox Industrial Contractors Inc., was represented by John Demaree and Steven Schaub of Cushman & Wakefield/Summit.

-TVF Inc. leased 18,500 square feet of industrial space at 2855 N. Franklin Road. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Franklin Road Realty LLC, was represented by Janet Crump of Western Select Properties.

-Rainbow International of East Indianapolis leased 7,302 square feet of industrial space at 3940-44 Pendleton Way. The tenant was represented by Derek Menerey of Newmark Knight Frank Halakar. The landlord, Pendleton/Parkside LLC, was represented by Debbie Mann of Mann Properties.

-The Dawg House Dueling Piano Bar leased 4,769 square feet at 6235 N. Guilford Ave. The tenant was represented by Debra Williams of DTM Real Estate. The landlord, Monon Housing Partners LLC, was represented by Jason S. Challand of Echelon Realty Advisors.

-Giordano’s leased 4,000 square feet at River’s Edge, 4110 E. 82nd St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, KRG Rivers Edge LLC, was represented by Blake Beaver of Kite Realty Group.

-3 Sisters Cafe leased 2,665 square feet at 6223 Guilford Ave. The tenant was represented by Andrew Clifford of 7DRE. The landlord, Monon Housing Partners LLC, was represented by Jason S. Challand of Echelon Realty Advisors.

-Together Homecare of Indianapolis LLC leased 2,340 square feet of office space at 8365 Keystone Crossing. The tenant was represented by David Moore and Darrin Boyd of Cassidy Turley. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
 
-Pinnacle Chiropractic & Wellness leased 2,100 square feet of retail space at Fall Creek Harbour, 10126 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.

-Fast Tans renewed its lease for 1,600 square feet of retail space at George Thomas Plaza, 1016 N. Shadeland Ave. The tenant and landlord, Ladywood Apartments LLC, were represented by Cindy Hoskinson of Lee & Associates.
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Rates

June 3, 2014
The average rate for 30-year mortgages fell from 4.29 percent to 4.25 percent in the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages fell from 3.38 percent to 3.35 percent.
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Construction

June 3, 2014
-Capitol Construction has completed a 3,000-square-foot office build-out for Lee Ford at 11595 N. Meridian St., Carmel.

-Capitol Construction has completed a 4,700-square-foot restaurant for The North End at 1250 E. 86th St.
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Company news

June 2, 2014

Indianapolis-based health insurer WellPoint Inc. will start paying cancer doctors $350 per month more for every WellPoint patient they treat—if the doctors agree to follow WellPoint’s recommended treatment plans, according to the Wall Street Journal. The program aims to curb the 25-percent annual growth in spending on cancer care and to reduce the nearly one-third of chemotherapy patients who receive treatment conflicting with current medical evidence and best practices. The extra payments are also designed to make it easier financially for oncology practices to prescribe lower-cost drugs—because the revenue oncologists make from those drugs is less than more expensive drugs. Because oncologists not only prescribe, but also infuse many cancer drugs into their patients, the drugs often account for a substantial amount of their practice revenue. The program will be implemented July 1 in Georgia, Indiana, Kentucky, Missouri and Wisconsin.

Radiopharmaceuticals maker Zevacor Molecular plans to open a $40 million medical isotope-production facility in Noblesville, creating nearly 50 jobs within five years. Noblesville will provide an estimated $1.9 million—about 85 percent of the new property taxes the project should produce—in equipment and other necessities, according to a development deal the Common Council unanimously approved Tuesday. The agreement also calls for Zevacor to get a 95-percent abatement on personal property taxes for 10 years. Zevacor, which has eight employees and an office in Fishers, is a for-profit subsidiary of Decatur, Ill.-based not-for-profit Illinois Health & Science—also the parent of Decatur Memorial Hospital. It operates hospital cyclotrons and nuclear pharmacies in several states, said Kenneth Smithmier, Illinois Health’s president and CEO. A similar facility in Noblesville had been planned three years ago by Positron Corp., but the company failed to line up the necessary financial support.

The Indiana University School of Medicine will help oversee a three-year, $30 million concussion study being funded by the Indianapolis-based NCAA and the U.S. Defense Department, according to the Associated Press. The study, which will involve athletes from as many as 30 universities, will be led by IU's School of Medicine in collaboration with the University of Michigan and the Medical College of Wisconsin. IU researchers aim to collect data on 37,000 athletes.

Indianapolis-based OurHealth LLC plans to create a network of health care clinics serving employers across Indiana over the next four years and hire up to 450 people. The 5-year-old company has pledged to invest nearly $20 million, which would include the cost of doubling the size of its headquarters downtown. It currently leases about 10,000 square feet at OneAmerica Tower. OurHealth also plans to lease real estate for a series of 3,500-square-foot health clinics across the state. In June, OurHealth plans to begin hiring certified medical assistants, health coaches, nurses, nurse practitioners, physician assistants and doctors to staff its clinics. OurHealth’s website already has posted job openings in Kokomo, Logansport, Madison, Merrillville and Indianapolis. The firm employs more than 120 people and operates 15 clinics, most of which are dedicated to a single employer. The new clinics typically would serve multiple employers.

French drug company Sanofi will seek to sell Eli Lilly and Co.’s erectile dysfunction drug Cialis without a prescription, the companies announced last week, according to Bloomberg News. Sanofi will apply for approval of Cialis as an over-the-counter treatment in the United States, Europe, Canada and Australia, and will market the drug after certain patents expire. The deal hinges on regulatory approval in each country—a big question mark, according to analysts. The plan gives Sanofi access to a drug that garnered $2.16 billion in sales last year and faces generic competition in 2017.

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  1. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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