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Company news

January 27, 2010

The Indiana University School of Medicine in Indianapolis will be one of 12 sites for a clinical trial of a potentially groundbreaking treatment for autism. New York-based Curemark LLC has developed an ingestible powder designed to help patients digest protein. The drug is the product of research by Curemark founder Dr. Joan Fallon, who found that many autistic children lack enzymes to digest protein, meaning their bodies cannot produce the amino acids crucial in brain development. If it proves effective against autism, the powder, called CA-MT, would be the first treatment to reverse the underlying causes of autism.

Hopes rose Tuesday that Eli Lilly and Co. and its partner Amylin Pharmaceuticals Inc. will win approval of their new version of diabetes treatment Byetta. That’s because the U.S. Food and Drug Administration on Monday approved a Byetta rival, Victoza, developed by Denmark-based Novo Nordisk A/S. Victoza is a once-daily shot, compared with the twice-daily Byetta. But Indianapolis-based Lilly and San Diego-based Amylin have asked the FDA to approve a once-weekly version of Byetta, which would be the most convenient for patients. Analysts expect sales of once-weekly Byetta to reach as high as $2 billion by 2015, which would be split by Lilly and Amylin. Sales of twice-daily Byetta last year were on pace to reach about $790 million. What’s been holding up Victoza and the once-weekly Byetta have been regulator concerns about patients developing inflammation of the pancreas while taking the drugs. The FDA required Victoza’s label to warn about pancreatitis as well as use in patients at risk for a rare thyroid cancer. Those warnings were milder than many analysts had feared. One analyst expects the FDA to make a decision on once-weekly Byetta by March 5.

Warsaw-based Symmetry Medical Inc. will manufacture implants, instruments and cases for OrthoPediatrics Corp., another Warsaw-based company that makes orthopedic implants for children. Symmetry expects to bring in $3 million in revenue from the deal this year. Symmetry also will receive fees for inventory management, warehousing and supply-chain management services. The agreement will last for five years.

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"Art from the Heartland"

January 27, 2010

Jan. 28-April 18
Indianapolis Art Center

The first of what will become a biennial exhibition features 70 works by 50 artists from Indiana, its neighbor states and, just for good measure, Wisconsin. Local artists include Amy Brier (creator of the rolling limestone ball pieces at White River Gardens) and Deborah Klein, who works in delicately cut paper (see samples here). The show was juried by arts advocate Paul Klein, author of the popular Chicago blog ArtLetter. Details here.

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Art & Soul Kickoff

January 27, 2010

Jan. 30
Indianapolis Artsgarden

A month of concerts and other arts activities in the Artsgarden gets started with this free program from 1-4 p.m. It includes artist booths and performances by, among others, James Andrews and New Seasons (give a listen here) and the Phi Beta Sigma Step Team. Additional Art & Soul performances in February include Asante Children’s Theatre (Feb. 7), songstress Brenda Williams (Feb. 17), and poet Tasha Jones (Feb. 21). Details here.

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"Touch of Evil"

January 27, 2010

Jan. 29
Tobias Theatre, Indianapolis Museum of Art

Truth be told, I haven’t seen the 1958 Orson Welles film “Touch of Evil” since I was in college. Back then, I wasn’t a fan of movies that called attention to the direction, and so my voice didn’t join the praise for its miraculous opening tracking shot and other how-did-they-do-that feats of cinematography.
It could be time for a revisit, though, since one of the film’s most ardent fans will be introducing it for this one-time-only screening at the IMA. That’s Peter Bogdanovich, who has created his own share of memorable on-screen moments as a director (“Paper Moon,” “The Last Picture Show,” and “What’s Up, Doc?”) and actor (“The Sopranos”). Details here.
 

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Groovaloo

January 27, 2010

Jan. 30
Clowes Hall

High-energy hip-hop dancing is the order of the day for this head-spinning, arm-crossing, floor-sliding, rubber-limbed company that came to national attention on NBC’s “America’s Best Dance Crew.” It’s part of the Clowes Presents series, our leading dance importer. Details here.
 

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Also this week:

January 27, 2010

Broadway star Sutton Foster (“Thoroughly Modern Millie,” “Shrek,” “Young Frankenstein) offers a public presentation Jan. 30 at Ball State’s Sursa Performing Arts Hall. Details here.

The Indianapolis Symphony Orchestra is joined by the Indianapolis Symphonic Choir, the Butler University Chorale and baritone Hugh Russell for an evening of Dvorak and Faure, Jan. 29-30 at Hilbert Circle Theatre. Details here.

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"Encore in Black & White Gala"

January 27, 2010

Jan. 30
Skyline Club

Jerome Collins, of the a cappella sensation Straight No Chaser, will be singing Motown hits as musical guest for this dessert-and-entertainment benefit for Encore Vocal Arts. I’ll be serving as emcee for the event—and trying to land some sweet silent auction deals. To give a listen to Collins, click here.  Details on the event here.

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Northwest-side industrial park sells for almost $30 million

January 26, 2010
Tom Harton
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis and Baltimore for $29.6 million.
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Leasing/leasing contracts

January 26, 2010
-NuVox Communications of Indiana Inc. leased 7,521 square feet of office space at 701 W. Henry St. Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker represented the tenant. The landlord, Indy Telcom Center LLC, represented itself.

-Nelson & Frankenberger PC leased 6,504 square feet of office space at 3105 E. 98th St.  The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.

-Methodist Occupational Health Centers leased 8,383 square feet of office space at 11580 Overlook Drive, Fishers. The tenant was represented by Tim Craft of CB Richard Ellis. The landlord, Sandstone Properties LLC, was represented Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker.

-The Mucky Duck Pub leased 3,535 square feet of retail space at 4425 Southport Crossings Way. Michael Alboher of Alboher Development Co. Inc. represented the tenant. The landlord, P&M Property Management LLC, was represented by Keith Turnbill of the commercial division of Re/Max Select.

-Beacon Hill Staffing Group LLC leased 2,233 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Brad Goldberg of Visconsi Realty Associates Inc. The landlord, Woodfield II & III LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker.

-D&F Distributors leased 2,500 square feet at 4345 W. 96th St. The tenant was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The landlord, Park 421 LLC, was represented by Craig Cleveland of Mann Properties.
 
-Laboratory Corp. of America Holdings leased 2,052 square feet of office space at 8937 Southpointe Drive. The landlord, NNN Southpointe LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker. The tenant represented itself.

-Mutual of Omaha leased 4,388 square feet at 9100 Keystone Crossing. The tenant was represented by Spero Pulos of Grubb & Ellis Harding Dahm & Co.  John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd. 

-J. Camden PC leased 2,030 square feet at 9200 Keystone Crossing. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd. The tenant represented itself. 

-A-Trains leased 1,234 square feet of retail space in the Madison on the Mall Shopping Center, 1211 N. Madison Ave., Greenwood. The tenant was represented by Cheryl Planck of Lawyers Real Estate Group. The landlord, Murnel Property LLC, was represented by Bruce Richardson of Royal Companies Inc.

-Janet Julius and Kyle Cutshaw leased 1,080 square feet of retail space at 295 South State Road 135, Greenwood. The tenant was represented by Bruce Richardson of Royal Companies Inc. The landlord, Boomer Properties 295 LLC, was represented by Mark Dietel of Royal Companies.
 
-American Income Life leased 1,501 square feet at 8604 Allisonville Road. The tenant was represented by Mike Weaver, Matt Jackson and Joe Lonnemann of Halakar Real Estate. The landlord, New Boston Castle Creek Limited Partnership, was represented by Gus Sevastianos of Citimark Management Co. Inc.

-Lakeshore Chiropractic leased 1,500 square feet at 9745 Fall Creek Road. The tenant was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The landlord, Glendale Partners at Geist Crossing II, represented itself.

-Genesis Benefit Solutions Inc. leased 1,031 square feet at 7007 Graham Road. Ben Loughery, Matt Jackson and Joe Lonnemann of Halakar Real Estate represented the tenant. The landlord, GPI Office Properties II LP, was represented by Adam Broderick of Jones Lang LaSalle.
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Sales/acquisitions

January 26, 2010
Sigma Alpha Tau Sorority purchased a 10,790-square-foot building on 1.01 acres at 3334 Founders Road. The price wasn’t disclosed. Debbie Shumate of Grubb & Ellis Harding Dahm & Co. represented the seller, MEBB Inc., and the buyer.
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Construction

January 26, 2010
-Shamrock Builders-Commercial has started an interior rebuilding project for Dr. Stephen Lehman, DDS, at 320 Medical Drive, Carmel. A fire gutted the 4,480-square-foot office Nov. 1. The project is scheduled to be completed by the end of May. 

-Shamrock Builders-Commercial has broken ground on a new office for Laughlin / Northwestern Mutual Life at 9759 Crosspoint Blvd. The 18,000-square-foot building is scheduled to be completed by the middle of July.

-D.B. Klain Builders LLC has completed a 1,162-square-foot tenant build-out at 2159 Glebe St., Carmel. The space is occupied by Edward Jones & Co.
 
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Housing

January 26, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity increased 9.1 percent for the week ended Jan. 15, according to the Mortgage Bankers Association. Rates for 30-year loans fell to 5 percent, down from 5.13 percent the previous week. Fifteen-year mortgages fell to 4.33 percent from 4.45 percent the previous week.
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State Republicans try to block health reform mandates

January 20, 2010
J.K. Wall
Joint resolutions in the state Legislature seek to amend the state constitution to block enforcement of provisions in the federal bills that would require individuals to buy insurance and all but the smallest employers to help pay for it.
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Wall Street likes wobble on health reform

January 20, 2010
J.K. Wall
With the stunning victory of Republican Scott Brown in the Massachusetts election for U.S. Senate, Wall Street analysts expect to see a "run" on health care stocks.
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Company news

January 20, 2010

Hey, wait a minute! That was the reaction, somewhat delayed, by the Indiana chapter of the National Federation of Independent Business, to a late-December change to federal health reform legislation. The Senate version of reform exempts companies with fewer than 50 employees from a requirement to provide health benefits. But in late December, Senate leaders made a change for construction firms, saying the exemption would apply only if they have five or fewer employees. The change was a favor to union groups, which said non-union construction contractors would have an advantage over unionized shops that do provide health benefits. Local NFIB leaders staged a protest/press conference last week, calling on Congress to “strip this job-killing provision from a final health care bill.”

Orbis Education, a locally based maker of nursing-education software, received $8 million in venture capital from Menlo Park, Calif.-based Lightspeed Venture Partners. Founded in 2003, Orbis offers online instruction to help universities and hospitals train new nurses. A key hurdle in the looming nursing shortage is the lack of capacity for nursing schools to accept all qualified applicants. Last year, it had $4.5 million in revenue and 33 employees. Orbis aims to boost its work force past 50 by the end of the year. Orbis had previously raised $4 million from family, friends and angel investors.
 
Watch out, Eli Lilly and Co. A Greenwood pharmaceutical firm plans to build a $28 million insulin facility there to make a cheaper version of the diabetes-fighting medicine. According to the Daily Journal of Franklin, Elona Biotechnologies expects its 50,000-square-foot facility to employ as many as 70 people. Greeenwood officials are considering $8.5 million in incentives, including some loans, to help Elona build the facility and get it approved by the U.S. Food and Drug Administration. Elona was founded in the late 1980s by former Lilly  researcher Ron Zimmerman.

West Lafayette-based IVDiagnostics LLC won a $124,000 grant from the National Institutes of Health to further its cancer diagnostics research. The Small Business and Innovation Research Phase 1 grant will pay for the company to improve the design of its IVFLow medical device, which analyzes and monitors tumor cells without taking blood from a patient.

Physicians working in a surgery center connected to Community Hospital South kicked in $500,000 to help the hospital complete a massive expansion. The gift, given by 65 doctors, boosts to $1.2 million the money raised for the project by the philanthropic arm of Community Health Network. The $130 million expansion will add 40 beds. It is scheduled to open in mid-2010.

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People

January 20, 2010

Dr. Kristine M. Powell, a pediatrician, joined St. Vincent Physician Network in Indianapolis. A graduate of Indiana University in Bloomington and the IU School of Medicine in Indianapolis, Powell was most recently a visiting professor at the University of Iowa Children’s Hospital.

Dr. James Perry has been elected president of the St. Francis Hospital-Mooresville medical staff for a two-year term. He is the obstetrics medical director for St. Francis Hospital-Mooresville and is affiliated with Southwest Women’s Health.

Kathleen Marrs, a biology professor, has been named associate dean of academic affairs at the School of Science at IUPUI.

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Health care Q&A: Greg Pemberton

January 20, 2010
J.K. Wall
Greg Pemberton, a health care attorney at Ice Miller LLP, discussed the biggest changes he expects to come out of the federal health reform bills. “It’s not going to be business as usual,” he said.
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Leasing/leasing contracts

January 19, 2010
-The U.S. Attorney's Office leased 43,512 square feet of office space at Market Tower, 10 W. Market St. The tenant was represented by Tim Craft of CB Richard Ellis. David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker represented the landlord, MT Acquisitions.

-Industrial Services Group leased 6,300 square feet at 5430 W. 86th St. Liz Yoho of Providence Development represented the landlord, F & R Realty. The tenant represented itself.

-McGraw Hill leased 7,058 square feet at 8900 Keystone Crossing. The tenant was represented by Zane Brown of CB Richard Ellis. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd. 

-First Options Mortgage leased 8,158 square feet at 8888 Keystone Crossing. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd.  The tenant represented itself. 

-Ecofridge leased 3,159 square feet at 9000 Keystone Crossing. John R. Robinson and Abby L. Cooper of Jones Lang LaSalle represented the landlord, Philadelphia-based BGP Properties Ltd.  The tenant represented itself. 

-Illini Drilled Foundations Inc. renewed its 1,028-square-foot lease at 2780 Waterfront Parkway, East Drive. The landlord, New Boston Jacaranda LP, was represented by Gus Sevastianos of Citimark Management Co. Inc. The tenant represented itself.  
 
-United Insurance Co. of America leased 1,954 square feet at 8250 Haverstick Road. Zane Brown of CB Richard Ellis represented the tenant. The landlord, Shepard & Poorman Investments LLP, was represented by Gus Sevastianos of Citimark Management Co. Inc.
 
-American Income Life Insurance Co. renewed its 1,501-square-foot lease at 8604 Allisonville Road. Mike Weaver and Joe Lonneman of Halakar Real Estate represented the tenant. The landlord, New Boston Castle Creek LP, was represented by Gus Sevastianos of Citimark Management Co. Inc.

-Sagamore Home Mortgage LLC leased 1,250 square feet of retail space in the Village Plaza Shopping Center, 8914 S. Meridian St. Bruce Richardson of Royal Companies Inc. represented the tenant. The landlord, LaGrotte Realty Inc., was represented by Mark Dietel of Royal Companies Inc.
 
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Construction

January 19, 2010
-Holladay Construction Group finished a 10,000-square-foot medical office building for Concentra Urgent Care, 5940 Decatur Blvd.

-Kort Builders Inc. finished a 2,400-square-foot build-out for Indianapolis Sport and Spine at 1460 N. Green St., Suite 400, Brownsburg.

-Kort Builders Inc. finished a 6,000-square-foot build-out for Crown Liquors at 150 N. Delaware St.

-Kort Builders Inc. finished a 1,000-square-foot build-out for Fancy Nails at 14139 Town Center Blvd., Suite 600, in Hamilton Town Center, Noblesville.
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Housing

January 19, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity grew 14.3 percent for the week ended Jan. 8. Rates for 30-year loans fell to 5.13 percent from 5.18 percent the previous week. Rates for 15-year mortgages fell to 4.45 percent from 4.62 percent.
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Sales/acquisitions

January 19, 2010
-Evapar Inc. bought a 12,344-square-foot building at 3451 Developers Road. Mike Medlock of Grubb & Ellis Harding Dahm & Co. represented the buyer and the seller, Janice E. Kosten. The price wasn’t disclosed.

-Firestone bought .97 acres on Northfield Drive, Brownsburg. Carol Lockhart of Baum Realty represented the buyer. Liz Yoho of Providence Development represented the seller, Brownsburg Development LLC.
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"Romeo and Juliet"

January 19, 2010

Through Feb. 27
Indiana Repertory Theatre

In the IRT’s new staging of the classic, the language is still Shakespeare’s, but the setting is post-World War II America, the Montagues are white, and the Capulets are black. Two new-to the-IRT actors, Chicago’s Claire Aubin Fort and Erik Hellman, play the title roles in a cast rounded out by such familiar IRT faces as David Alan Anderson (“Looking Over the President’s Shoulder”), Ryan Artzberger (“Rabbit Hole”) and Ben Tebbe (“A Christmas Carol”). Details here.
 

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ICO Conversations: Adam Golka

January 19, 2010

Jan. 23
Indiana History Center’s Basile Theatre

The title is a little misleading. Yes, there will be a conversation with 2009 American Pianists Association Fellow Adam Golka. But the early evening show also includes music by the likes of Beethoven, Chopin, Brahms and Bartok.

The evening also marks the launch of ICOnic, the Chamber Orchestra’s new series of events for young professionals. This time, the party moves over to Zing Restaurant for post-show socializing. Details here.
 

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Hip-Hop and Global Culture

January 19, 2010

Jan. 21
Clowes Hall

The panelists for this open-to-the-public discussion of the positive and negative impact of hip-hop includes Beyonce’s manager, Mathew Knowles; activist and BET host Jeff Johnson; and Sandy Denton, the Pepa of the group Salt-N-Pepa. It’s free, but tickets are required. Details here.

 

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Also this week:

January 19, 2010

“Cheech & Chong—Get It Legal,” Jan. 22 at the Murat Theatre. Details

here

.



“Bedknobs and Broomsticks,” Jan. 22-23 at the Artcraft Theatre. Details

here

.



Winter Nights Films: “Arsenic and Old Lace,” Jan. 22 at the Indianapolis Museum of Art. Details

here

.



The Indianapolis Symphony Orchestra and soloist Yuju Wang play Rachmaninoff, Jan. 22-23 at Hilbert Circle Theatre. Details

here

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