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People

December 30, 2013

Dr. Ken Maynard, a family practitioner, has joined the Hendricks Regional Health Medical Group in Brownsburg. He has a bachelor’s from Butler University. He did his medical training at the Chicago College of Osteopathic Medicine.

Dr. Matthew Kuhar has joined Eskenazi Health in the pathology department. He has a bachelor’s in biology from Gannon University in Erie, Pa., and a medical degree from Drexel University in Philadelphia.

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Sales/acquisitions

December 24, 2013
-K&N Investments bought 2.4 acres at the corner of U.S. 31 and Greenwood Trace Drive and 1.42 acres at the corner of U.S. 31 and Genesis Drive, Whiteland. The buyer was represented by Lorne Kelker of Vital Equity Realty. The seller, Fifth Third Bank, was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North.

-JT Thomas Enterprises LLC bought a 3,770-square-foot office building at 16050 Allisonville Road, Noblesville.  The seller, VCA Real Property Acquisition Corp., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.
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Residential

December 24, 2013
The average rate for 30-year mortgages rose to 4.58 percent from 4.55 percent in the week ended Dec. 18, according to Bankrate.com. The rate for 15-year mortgages rose to 3.63 percent from 3.60 percent.
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Leases/leasing contracts

December 24, 2013
-Beverly Healthcare LLC leased 32,826 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Nick Arterburn of CBRE. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-Goodwill leased 13,000 square feet of retail space at 5720 W. Washington St. The tenant was represented by Bill French of Cassidy Turley. The landlord, Continental Realty and Development LLC, represented itself.

-RTM Consultants  Inc. leased 6,983 square feet of office space at 6640 Parkdale Place. The tenant was represented by Mike Napariu of REI Real Estate Services.  The landlord, Healthcare Trust of America, was represented by Andrew Nordhoff and Julia Schnepper of Healthcare Trust.

-American Academy of Osteopathy expanded its lease to 5,899 square feet of office space in The Pyramids, 3500 DePauw Blvd. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, CP Pyramids Associates LP, was represented by Bennett Williams and David Moore of Cassidy Turley.    

-Pure Sleep Mattress leased 4,000 square feet at Gateway Shops, 106th Street and Michigan Road, Carmel. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, Sandor Development, was represented by Sandor's Drew Kelly.

-Long’s Mattress leased 2,975 square feet of retail space at Greenwood Plaza, 1280 U.S. 31 North, Greenwood. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, Jones Family Investments LLC, was represented by Bridget Clanton of Quadrant Properties.

-Zoey’s Pizzeria leased 2,820 square feet at Meridian Parke Shoppes, 3115 Meridian Parke Lane, Greenwood. The landlord, Sandor Development, was represented by Sandor's Jeff Roberts. The tenant represented itself.

-ImmediaDent leased 2,419 square feet at College Park Shoppes, 8403 W. 86th St. The tenant was represented by John Byrne of Cassidy Turley. The landlord, Sandor Development, was represented by Sandor's Drew Kelly.

-Champion Consultants leased 2,035 square feet at Auburn Woods Park, 9650 Commerce Drive, Carmel. The tenant was represented by Brian Goodwin of Metro PCS. The landlord, Sandor Development, was represented by Lawrence Morrissey of Corporate Commercial Group.

-Fishers Fish & Chicken leased 1,710 square feet of retail space in Greenbriar Shopping Center, 1357 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.

-Studio YOU leased 1,500 square feet of retail space in Village Commons I, 862 S. State Road 135, Greenwood. The tenant was represented by Nick George of Indianapolis Homes Realty. The landlord, VC-1 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.

-Royal Phones leased 1,461 square feet at College Park Shoppes, 8403 W. 86th St. The landlord, Sandor Development, was represented by Sandor's Drew Kelly. The tenant represented itself.

-Zully Castellanos Men’s Barbershop leased 1,200 square feet at Indy Pavilions, 7035 E. 96th St. The landlord, Sandor Development, was represented by Sandor's Drew Kelly. The tenant represented itself.

-Edward Jones leased 1,092 square feet of office space at 1160 N. State Road 135, Greenwood. The tenant was represented by David Ellis of Fenway Real Estate Services. The landlord, VisionWare LLC, was represented by Cathy Richards of Lee & Associates.

-Signature Systems leased 433 square feet at Auburn Woods Park, 9640 Commerce Drive, Carmel. The landlord, Sandor Development, was represented by Lawrence Morrisey of Corporate Commercial Group. The tenant represented itself.
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Construction

December 24, 2013
-Capitol Construction has completed a 4,500-square-foot management office and fitness center at 11555 N. Meridian St., Carmel.

-Capitol Construction has completed a 2,400-square-foot build-out for Selective Insurance Group Legal at 11711 N. Meridian St., Carmel.

-Capitol Construction has completed a 14,500-square-foot office remodel for BKD at 201 N. Illinois St.
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People

December 23, 2013

Beth A. Keultjes has been named vice president and chief operating officer of home health and hospice for Franciscan VNS. She replaces John Pipas, who will retire as president of Franciscan VNS, which partnered with Franciscan St. Francis Health in 2011. For the past three years, Keultjes worked at the Cassopolis Family Clinic in Michigan. Before that, she had worked for Saint Joseph Regional Medical Center in South Bend. Keultjes has a bachelor’s in business administration from Indiana University and a master’s in administration from the University of Notre Dame.

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Company news

December 23, 2013

Even though St. Louis-based Ascension Health cut nearly 900 jobs this year from its Indianapolis-based hospital subsidiary, St. Vincent Health, it wants to add 549 more to its service center here by 2016. Ascension, the largest Catholic hospital chain in the nation, opened a service center in Indianapolis in June 2011, and has hired 500 people since then. The service center workers perform human resources, purchasing, bill payment and supply chain management for all of Ascension’s hospitals and hundreds of its other health care facilities. As part of the expansion over the next three years, the service center will provide support services to the entire Ascension chain, which includes 150,000 employees at more than 1,900 locations spread over 24 states and Washington, D.C. St. Vincent cut 865 workers at the end of June. The staff cuts, which represented 5 percent of St. Vincent’s total Indiana employment of 17,300, were brought on by lower-than-expected patient volumes, congressional budget cuts and slower-than-expected growth in reimbursement rates. St. Vincent’s announcement was the first of several by Indiana’s largest hospital systems. In October, Indiana University Health eliminated 935 positions. And in October, Franciscan Alliance cut 925 positions. The Indiana Economic Development Corp. offered Ascension up to $4.8 million in conditional tax credits and up to $200,000 in training grants, if Ascension adds all 549 jobs it has promised.

Anthem Blue Cross and Blue Shield, along with most other major insurers, will allow consumers who enroll in health plans through the new Obamacare exchanges 10 extra days to pay their first premiums and still gain coverage effective Jan. 1. That means consumers can wait to make their first payment until as late as Jan. 10. According to Bloomberg News, the Obama administration had asked insurers on Dec. 12 to give customers more time to pay and grant retroactive coverage. A few days of retroactive coverage is common in the health insurance industry. Anthem’s parent company, Indianapolis-based WellPoint Inc., will also let current members buy a new plan in the off-exchange individual market as late as Jan. 10 and still be covered retroactive to the first of the year. Many WellPoint and Anthem customers whose individual policies were canceled because the policies did not comply with Obamacare’s new rules, were automatically enrolled in a similar Obamacare-compliant plan off of the exchange. But now Anthem is allowing such customers to choose a different plan by the 10th of each month in either January, February or March.

Eli Lilly and Co., Pfizer Inc. and other large drugmakers will keep paying doctors to give talks about their products, leaving GlaxoSmithKline Plc alone for now in its decision to halt such compensation. According to Bloomberg News, United Kingdom-based Glaxo changed its policy after Chinese authorities accused the company of using cash and sexual favors to bribe doctors and health officials to promote product sales. But Lilly and other drugmakers say physicians are still in most cases the best source of information for their colleagues. “Few products in the world are as complex as an innovative medicine,” said Scott MacGregor, a spokesman for Indianapolis-based Lilly. He added that Glaxo’s move won’t change how Lilly does business. New York-based Pfizer, the world’s biggest drugmaker, is “committed to fairly compensating health-care professionals, clinical investigators and institutions for the work they do,” Dean Mastrojohn, a spokesman for the company, told Bloomberg.

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Sales/acquisitions

December 17, 2013
-Equity Wealth Realty bought the 43,825-square-foot 4000 Georgetown Road Shopping Center. The seller, 4000 Georgetown Realty Co. LLP, was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The buyer represented itself.   

-OB by Design LLC bought one acre of land at 11630 N Michigan Road, Carmel. The buyer and seller, Fifth Third Bank, were represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North.
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Leases/leasing contracts

December 17, 2013
-StreetLinks LLC leased 25,171 square feet at 451 E. Market St. The tenant was represented by Yumi Goodman and Sam Smith of Colliers International and Jeff Mulder of Holly Duran Real Estate Partners. The landlord, MS Operations Center Partners LLC, was represented by Mark Vollbrecht of Zeller Realty Group.

-Accelerated Inc. leased 16,824 square feet of industrial space in AmeriPlex at 5777 Decatur Blvd. The tenant was represented by Stan Elser of Lee & Associates. The landlord, McCarran Logistics Partners LP, was represented by Matt Dickerson of Jones Lang LaSalle.

-L.D. Lee Construction LLC leased 6,300 square feet of industrial space at 2205 National Ave. The tenant and landlord, Donald Kosten, were represented by Mike Medlock of Lee & Associates.

-CID Capital II Inc. leased 4,000 square feet of office space at 201 W. 103rd St., Carmel. The tenant was represented by Michael R. Semler of Cassidy Turley. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.

-Lewis & Wilkins LLP leased 3,867 square feet at 410 S. College Ave., Suite 100. The tenant was represented by Bryan Augustin of Alliance Commercial Group.  The landlord, Von Deylen Family LLC, was represented by Sandra Jarvis of Indy Squared Commercial Properties.  

-AM Facility Services Inc. leased 3,632 square feet at 6886 Hillsdale Court. The tenant, AM Facility Services Inc., was represented by Cam Kucic of Summit Realty Group. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk of Jones Lange LaSalle.

-Children’s Bureau Inc. leased 3,546 square feet at 1503 N. Mitthoeffer Road, Suite 100. The tenant was represented by Brooke Sipe of Alliance Commercial Group. The landlord, Mitthoeffer Associates, was represented by Brad King of RE/MAX Commercial.

-ST Logic leased 3,040 square feet at 9449 Priority Point Way, West Drive, Suite 110. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, PP Indianapolis IV Project Corp., was represented by Tim Hull and Rick Trimpe of CRBE.

-Associated Reporting leased 2,435 square feet of office space at 251 E. Ohio St. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Hertz Investment Group LLC, was represented by Crystal Houston of CBRE.

-Cajun & Creole leased 2,366 square feet at North Willow Mall, 2274 W. 86th St.  The tenant was represented by Hamada Ibrahim of RP Lux Co. The landlord, Township 86 Development Co., was represented by Keith Fried of Sitehawk Retail Real Estate.

-T-Mobile leased 2,298 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Michele’s Boutique renewed its lease for 2,000 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Cochran Agencies LLC leased 1,903 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Clarkland Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
 
-Tubes Inc. leased 1,018 square feet of office space at 6535 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Peace & Harmony Hair Salon leased 810 square feet at Meridian Meadows, 3029 Meridian Meadows, Greenwood. The Landlord, TCP Greenwood LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
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Residential

December 17, 2013
The average rate for 30-year mortgages was unchanged at 4.55 percent in the week ended Dec. 11, according to Bankrate.com. The rate for 15-year mortgages fell from 3.62 percent to 3.6 percent.
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People

December 17, 2013
Jim Karozos has joined the industrial group of Colliers International's Indiana region as vice president of industrial services.
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Construction

December 17, 2013
-Larry Dunkerly, Masterpiece Homes, has started construction of a 3,500-square-foot periodontic facility for Dr. Daniel Gomes at 8235 Country Village Drive.

-Capitol Construction has completed an 8,500-square-foot retail building at 1250 E. 86th St.

-Capitol Construction has completed an 1,800-square-foot retail build-out for Starbucks at 1250 E. 86th St.

-Capitol Construction has completed a 3,600-square foot-office build-out for Woodley Farra Manion Portolio Management at 8555 River Road.
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Company news

December 16, 2013

Tom Fischer, chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills. Fischer, 60, who joined Community as CFO in 2005, declined to comment. Mills and Fischer have been close friends for decades, dating to the time they both worked for the Ernst & Young accounting firm. Now Holly Millard, Community’s chief accounting officer, is serving as interim CFO while Community searches for a replacement. Community is trying to cut expenses 15 percent to 20 percent, including via staff reductions. Community laid off more than 150 employees during the first nine months of this year, many of them part of what it described as a systemwide realignment. Community spokeswoman Lynda de Widt described the staff reductions as part of the normal course of business in an organization that has 13,000 employees. Community reported in late November that it had spent $5 million this year on severance costs.

Because Indianapolis-area hospitals have let go a wave of workers this year, the University of Indianapolis will host a seminar to help nurses and health care professionals search for new jobs. The seminar, “Reinventing Yourself: A Personal Transformation for Healthcare Workers” is scheduled from 8:30 to 11:30 a.m. Jan. 11 in UIndy’s Schwitzer Student Center at 1400 E. Hanna Ave. The free event is sponsored by UIndy’s School for Adult Learning, School of Nursing and College of Health Sciences, and will tout UIndy’s health-related educational programs. Also, John Vice, a longtime human resources manager for Eli Lilly and Co., will tell attendees how to pursue new career paths.

Nearly 2,800 Hoosiers selected a private insurance plan on the Obamacare exchange in November, nearly four times as many as did so in October. The faster pace of enrollment was mirrored in the other 35 states that are also relying on the federally run Healthcare.gov web site for online enrollment. The Obama administration worked feverishly in November to correct major technical problems with the website that prevented numerous Americans from enrolling. Even so, the pace of enrollment in the federal exchange will need to be nearly 12 times faster than it was in November if enrollment via the exchange is going to meet a federal projection of more than 4.8 million enrollees by the end of March. According to a report issued Wednesday by the U.S. Department of Health and Human Services, 137,204 actually selected a private health insurance plan during October and November, with about 110,000 of them doing so in November. In 14 states and the District of Columbia, which are operating their own insurance exchanges, enrollment also surged in November, to nearly 148,000 people, compared with about 80,000 in October. Enrollment via the state-based exchanges will need to triple its pace to meet an overall federal projection of 7 million enrollees via the Obamacare exchanges.

More than 10,000 low-income Indiana residents who participate in the Healthy Indiana Plan will be able to keep their benefits through April. The Indiana Family and Social Services Administration announced Dec. 10 it is extending for an extra three months its Healthy Indiana Plan to participants who earn between 100 percent and 200 percent of the federal poverty level. The move will give members more time to obtain coverage through the federal health care exchange. FSSA Secretary Debra Minott said many HIP members have struggled to enroll in the exchange because of technical issues. The HIP extension could cost Indiana up to $11 million.

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People

December 16, 2013

Dr. Brian Aguilar, a pediatrician, has joined St. Vincent Medical Group in McCordsville. He worked at St. Vincent’s Peyton Manning Children’s Hospital as a pediatric hospitalist. Aguilar earned a bachelor’s degree from the University of Texas at Arlington and a medical degree from Texas A&M University Health Science Center in the College of Medicine.

Phil Baker has joined the Community Health Network hospital system as chief financial officer for Community Physician Network. He previously worked as a financial executive for other multi-specialty physician practices. Baker holds a bachelor’s degree from Park College, a master’s degree in information science from Indiana University, and a doctoral degree in management from Walden University. 

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Sales/acquisitions

December 10, 2013
-St. Louis -based SMFG LLC bought a 48-unit garden-style apartment complex at 221 E. Main St., Carmel. The seller, Sundance Investment Properties, was represented by Amy Burmeister and Adam Ehret of Summit Realty Group. The buyer represented itself.

-Culver’s bought 1.2 acres at Olio Road and State Road 238, Fishers. The buyer was represented by Allison Hawley of Cassidy Turley. The seller, Olio 238 Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
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Leases/leasing contracts

December 10, 2013
-General Nutrition Centers leased 342,840 square feet in AllPoints at Anson 7A, 4055 S. County Road 500 East, Whitestown. The tenant was represented by Jim Medbery of Binswanger. The landlord, a partnership of Duke Realty and Browning Investments, was represented by Mark Hosfeld and Jay Archer of Duke and Mark Susemichel and John Cohoat of Browning.

-Poly Tainer Inc. leased 66,282 square feet of industrial space at 999 Gerdt Court, Greenwood. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Greenwood Gerdt Enterprises LLC, was represented by Jon Jessup of Summit Realty Group.

-Office Furniture Warehouse Inc. leased 16,000 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.

-Metal Man LLC leased 5,756 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.  

-Clothes Mentor leased 4,800 square feet of retail space at 11670-11680 Commercial Drive, Fishers. The landlord, Sena Realty FC LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Vision Works leased 3,946 square feet of retail space at 9893 N. Michigan Road, Carmel. The tenant was represented by Patrick Boyle of Midland Atlantic Properties. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.

-Massage Envy leased 3,283 square feet at 6280 College Ave. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, 6280 LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Americrawl Inc. leased 2,700 square feet at 5855 Kopetsky Drive. The landlord, Gateway South LLC No. 1, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.

-Vitamin Shoppe leased 2,666 square feet at Stony Creek Marketplace, 17143 Mercantile Blvd., Noblesville. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, RPAI, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate.

-H&R Block leased 2,400 square feet at Brownsburg Square Shopping Center, 967 N. Green St., Brownsburg. The landlord, Brownsburg Management Group, was represented by Jeff Hubley of Midland Atlantic Properties. The tenant represented itself.

-Walmart signed a four-month lease for 2,100 square feet at Prairie Lakes Shopping Center, 14350 Mundy Drive, Noblesville. The landlord, Prairie Lakes Development LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
 
-Graeter’s Ice Cream leased 2,100 square feet at 5560 N. Illinois St. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, 56th Street Investments LLC, represented itself.

-Just Install LLC leased 2,069 square feet at 4444 Decatur Blvd. The landlord, CP Ventures LP, was represented by Brian Dell and Ryan Kelly of Summit Realty Group. The tenant represented itself.                                   

-Certified Lawn Care leased 1,500 square feet of industrial space at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Planetary Brewing Co. leased an additional 1,500 square feet of industrial space at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-The Wright Cut, doing business as Great Clips, leased 1,260 square feet at Tasha’s Plaza, 9155 E. 56th St. The landlord, R. Danesh LLC, was represented by Patrick Boyle of Midland Atlantic Properties. The tenant represented itself.
 
-Plopper & Partners LLP leased 1,222 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Lawrance Morrissey of Corporate Commercial Group. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.

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Residential

December 10, 2013
The average rate for 30-year mortgages rose from 4.44 percent to 4.55 percent in the week ended Dec. 4, according to Bankrate.com. The rate for 15-year mortgages rose from 3.47 percent to 3.62 percent.
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Construction

December 10, 2013
-Capitol Construction has completed a 6,600-square-foot office build-out for Bluegreen at 3500 DePauw Blvd.

-TMG Construction Management Inc. has started build-out of a 3,189-square-foot Chipotle Mexican Grill at 6 E. Washington St.
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Company news

December 9, 2013

Indiana University Health hospitals and doctors could fall out of UnitedHealthcare’s discounted network on Jan. 1 if the two entities don’t come to an agreement by then. IU Health, the state’s largest hospital system, and UnitedHealthcare, the state’s second-largest health insurer, have been unable to come to terms on a new set of reimbursement contracts, according to both organizations. The previous contracts end Dec. 31. Such contracts between health systems and health insurers typically shave 30 percent or more off the list prices charged by hospitals and doctors. In notices sent to local benefits brokers late last month, Minnesota-based UnitedHealthcare said the two organizations are wrangling over a reimbursement hike by IU Health and over how the new contracts will make more of that reimbursement hinge on measurements of clinical quality. The contract dispute could affect the roughly 400,000 Hoosiers that have employer-based or individually purchased insurance with UnitedHealthcare. That represents about 12 percent of the Indiana commercial market.

Medical workers, military personnel, hundreds of volunteers and a platoon of ambulances transferred 149 patients from Wishard Memorial Hospital on Saturday, the final day of service for the facility that dates as far back as World War I. Those patients were moved to the new Eskenazi Hospital, just four blocks away. The new $754 million hospital replaces Wishard as the county-owned hospital in Indianapolis. Construction on the art-filled, 315-bed Eskenazi Hospital began four years ago.

Indianapolis-based Eli Lilly and Co. has joined two other companies to contribute $40 million to an early-stage life sciences venture capital initiative in New York City. New York economic development officials announced the effort to launch more life sciences companies last week. The city of New York will contribute $10 million, according to The Wall Street Journal, and will look to attract venture capital firms willing to put in another $50 million. The initiative hopes to launch 15 to 20 new life sciences companies in New York by 2020. Lilly operates a research and development center in New York focused on cancer, which it acquired in 2008 as part of its purchase of New York-based drug company ImClone Systems Inc. The two other companies contributing money are New Jersey-based biotech company Celgene Corp. and GE Ventures, the venture capital arm of Connecticut-based General Electric Co. The contributions of each company were not disclosed.

Eli Lilly and Co. will end development of the depression medicine edivoxetine as an add-on therapy after the drug failed to meet goals in three Phase 3 studies, according to Bloomberg News. The end of edivoxetine as a potential add-on therapy is another research setback for Lilly, which has had a cancer treatment, ramucirumab, fail in breast cancer patients, and an experimental compound prove unsuccessful in helping people with advanced Alzheimer’s disease. Edivoxetine had been expected to generate $560 million by 2020, said Seamus Fernandez, an analyst with Leerink Swann & Co. The decision to end the development as an add-on therapy will result in a pretax charge of $15 million, or 1 cent a share, in the fourth quarter, Lilly said. The company reaffirmed its 2013 forecasts and said it still plans to return to revenue growth in 2015.

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People

December 9, 2013

Donetta Gee-Weiler, a registered nurse, has been named vice president of women’s and children’s services for Community Health Network. She most recently served as practice administrator for Community Physician Network’s OB/GYN Care, Gynecologic Cancer Care, and Hepatobiliary Surgical Care. She holds a bachelor’s degree in nursing from IUPUI.

Gwen O’Malley has been named vice president of practice operations at Community Physician Network.  Most recently, O’Malley served as executive director of primary care for Community Physician Network. She earned a bachelor’s degree at St. Mary-of-the-Woods College and a master’s degree at IUPUI.

Chad Ashcraft has been hired as vice president of innovation at Indianapolis-based OurHealth, which operates on-site health care clinics for employers. Ashcraft previously worked in sales for Thunderhead.com, Toovio Software, Chordiant Software and IBM. He holds a bachelor’s degree in computer science from DePauw University and a master’s degree in information science from Ball State University.

Indianapolis-based Maetrics LLC, a life sciences consulting firm, appointed R.J. Lemieux as vice president of sales. He previously worked at Boston-based RM Nephew & Associates LLC and Ernst & Young. Lemieux earned a bachelor’s degree at Hobart College and an MBA at Bentley University.

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Sales/acquisitions

December 3, 2013
-Blackstone Apartment Partners bought a 12-unit apartment building at 611 N. Meridian St., Greenwood. The buyer was represented by Scott Herider of Lee & Associates. The seller, Reverie Estates, represented itself.
         
-Camden & Meridew PC bought a 7,706-square-foot office condominium at 10412 Allisonville Road, Fishers. The seller, KLC Realty LLC, was represented by Greg Smith and Paul Dick of Colliers International. The buyer represented itself.

-Faeza Alloyers USA bought 11 acres at 1200 Enterprise Drive, Shelbyville. The seller, Airpark Development LLC, was represented by Brian Dell and John Demaree of Summit Realty Group. The buyer represented itself.
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Leases/leasing contracts

December 3, 2013
-Piper Warehouse Inc. leased 196,838 square feet at 2222 Hillside Ave. The tenant was represented by Bryan Augustin and Drew Augustin of Alliance Commercial Group. The landlord, Hillside Investors LLC, was represented by Matt Kiger of Newmark Knight Frank Halakar.

-PRN Pharmaceutical Services renewed its lease for 39,795 square feet of office and light manufacturing space at 8351 Rockville Road. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, NOVA 220 LLC, was represented by Jon Owens of Cassidy Turley.

-Caliber Funding LLC leased 10,158 square feet of office space at 10022 Lantern Road, Fishers. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Indiana Records Management, was represented by Dave Moore, Darrin Boyd and John Crisp of Cassidy Turley.
 
-Safety Management Group leased 6,560 square feet at 8335 Keystone Crossing. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.  The tenant, Safety Management Group, was represented by Matt McGrady and Matthew Waggoner of Summit Realty Group.                

-Integrity Staffing Solution Inc. leased 5,504 square feet of industrial space at 6000 6488 Corporate Way. The tenant was represented by Kevin Dick of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.

-Pint Room leased 5,162 square feet of retail space at Sophia Square, 110 W. Main St., Carmel. The tenant was represented by Robyn Smart of Echo Retail. The landlord, Carmel Lofts LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-The Hydaker-Wheatlake Company leased 4,200 square feet and 2.75 acres at 1333 Terminal Road. The tenant and landlord, Carlotta Newman, were represented by Brian Dell of Summit Realty Group.                

-Living With Intention Inc. leased a 4,045-square-foot office building at 11979 Fishers Crossing Drive, Fishers. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Riverview Hospital, was represented by Tyson Chastain of Cornerstone Cos.

-Hoffmaster Group Inc. leased 3,134 square feet of office space at 6602 E. 75th St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Entry Point Capital LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-First Watch leased 3,036 square feet of retail space at 2902 W. 86th St. The tenant was represented by Don Williams of Cassidy Turley. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.

-MedEx Inc. leased 2,750 square feet at 5644 S. Meridian St. The landlord, South Meridian Park LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.                 

-Takenaka Corp. (U.S.A.) renewed its leased for  2,670 square feet at 56 South Park Blvd., Greenwood. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.

-Conveyor LLC renewed its lease for 2,400 square feet at 1729 S. US 31, Greenwood. The landlord, First Financial Collateral Inc., was represented by Brian Dell of Summit Realty Group. The tenant represented itself.                                  

-P. Brown & Co LLC leased 2,184 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Creighton Shook of Coldwell Banker Commercial Realty Services. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International.

-World Finance leased 1,750 square feet of retail space in Parkview Plaza, 1616 N. Lebanon St, Lebanon. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Larry Nash, represented himself.

-Eagle Finance Co. leased 1,705 square feet at Yates Center, 1960 E. Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
 
-GNC renewed its lease for 1,614 square feet of retail space at 540 630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Any Lab Test Now leased 1,200 square feet of retail space at 7818 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, NNE Associates LLC, was represented by Robyn Smart of Echo Retail.

-Buckingham Cos. leased 2.4 acres of land at 410 420 S. Main St., Zionsville. The landlord, EBO LLC, was represented by Bo Leffel of Cassidy Turley. The tenant represented itself.
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People

December 3, 2013
Bruce Gordon has joined Jones Lang LaSalle as senior vice president of its newly created Midwest Healthcare Brokerage team.
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Construction

December 3, 2013
-Mattingly Construction has started construction of a 2,200-square-foot office build-out for The Bar Method Studio, 10425 Commerce Drive, Carmel.

-Mattingly Construction has started a 1,900-square-foot office expansion for Hazel Dell Veterinary Hospital, 13190 Hazel Dell Parkway, Carmel.
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Residential

December 3, 2013
The average rate for 30-year mortgages rose from 4.39 percent to 4.44 percent in the week ended Nov. 27, according to Bankrate.com. The rate for 15-year mortgages rose from 3.42 percent to 3.47 percent.
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  1. $800M is a lot. There's over 800,000 people in the county/city though. I'm betting the cost of services(police, fire, roads, economic incentives to bring in new business, etc.) in Hamilton County is much more than $1000 per person. In 2012, the city of Carmel's audit report shows receipts of $268,742,988 (about 1/3 of Indianapolis's receipts) for a population of 83,573 (almost 1/10 the size of Indianapolis)...hmm, I wonder why Carmel is such a safer place to live...

  2. Would you let a mechanic diagnose your car over the internet without seeing it or taking it for a test drive? The patient needs face to face interaction with a physician to be properly diagnosed. It would seem to me that the internet diagnosis is about as silly as going to ones mirror and saying, "I wonder what I have"? And then you diagnose yourself. That's free and probably wrong too.

  3. Maybe if we treated the parents of juvie offenders who have 5 babies from 4 different daddies like stray cats and dogs who go around creating a bigger animal control problem, we wouldn't have so much of a "parenting" problem flooding both the social services and (later) correctional systems. The breakdown of morals and parental responsibilities from horndogs who can't keep it in their pants and keep their families together has caused this. If a pit bull attacks someone, it's destroyed. Everyone encourages that pets are spayed and neutered to control the pet population and prevent further issues. Maybe it's time to control the welfare population...

  4. Blocking two blocks of a street along Broadripple Ave. is not going to stop "pedestrians" from walking around. The article stated that seven people were injured as a result of a skirmish between two gun-toting "pedestrians"...not drive-bys. Most of the crimes that are committed in BR area are done by "pedestrians" that are walking in the area...not driving by. This may alleviate traffic going through the area and may steer some folks away from coming to the area because of the extra inconvenience but it will not stop a pedestrian, on foot from toting a gun while walking in that area....period.

  5. Please run for mayor Joe. We need someone to come in and clean house. They past two mayors have run administrations rampant with corruption. We need to clean house before corruption is accepted as normal like Chicago.

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