LOU’S VIEWS: Lurie-ing arts audiences to downtown Carmel
This week, thoughts on exhibitions at Evan Lurie Gallery in Carmel and a new revue at the Cabaret at the Connoisseur Room.
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Articles
ICVA: Ad campaign helps draw more visitors to region
A summer advertising campaign launched by the Indianapolis Convention & Visitors Association helped produce more visitors
and dollars for central Indiana, even though the organization spent less this year marketing the region.MILLER: Travelers still want experiences despite proliferating technology
Consumers are using technology to look for the greatest value, not necessarily the lowest price.
Duke Realty land auction nets $1M; pricier properties go unsold
Locally based Duke Realty Corp. netted more than $1 million during a Tuesday auction of surplus development parcels in Indianapolis,
Fishers, Plainfield and Lebanon.City program benefits veteran-owned businesses
The city’s Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an
effort that has generated $217,000 in contracts for such firms so far.Company news
A panel of medical advisers recommended against wider use of Zimmer Holdings Inc.’s spine stabilization
device, according to Reuters. In a 5-1 vote, the U.S. Food and Drug Administration’s advisory panel said the data for Zimmer’s
Dynesys Spinal System were unclear and left them with questions about the device’s durability and propensity to break.
Warsaw-based Zimmer already markets the device, which is a series of screws and flexible spacers that help align and support
the spine, for patients who have received fusion surgery. The company is seeking
FDA approval to market Dynesys for stand-alone use. FDA officials will weigh the
panel’s recommendation before making their final approval decision.New Jersey-based Enzon
Pharmaceuticals Inc. has agreed to sell its specialty pharmaceutical business, along with its
Indianapolis manufacturing facility, to Italy-based Sigma-tau Group. As of January 2008, Enzon’s
facility in Indianapolis employed about 150 workers. It made four medicines, which treated certain kinds of leukemia, meningitis,
fungal infections and the immunodeficiency malady known as “bubble boy disease.” Sigma-tau
paid $300 million for the business, as well as royalties and other payments contingent upon future sales
and development achievements.Arcadia Resources Inc. sold nearly 16 million
shares of stock in a registered direct offering that raised $11.1 million. Arcadia Chief Financial Officer
Matt Mittendorf said the Indianapolis-based company would use the cash to fund the rollout of its DailyMed pharmacy service
to customers of Indianapolis-based health insurer WellPoint Inc. in Virginia and soon
in California. The company needed more cash, as its reserves had dwindled to $517,000 at the end of the
second quarter, down from $2.4 million a year earlier.California-based Beckman Coulter
Inc., which makes biomedical testing instrument systems, said it is relocating its precision
plastics injection molding operation to Park 100. The move will add about 100 jobs to the 400 people the company already employs
in Indianapolis. The jobs will pay $22.30 an hour, on average. In 2007, Beckman Coulter closed its 220-employee centrifuge
development and manufacturing facility in Palo Alto, Calif., and moved operations to the Indianapolis area.For
the 14th straight year, St. Vincent Indianapolis Hospital won a Consumer Choice award from the National Research
Corp. The award identifies hospitals that health care consumers have chosen as having the highest quality and image in more
than 300 U.S. markets. No other Indianapolis hospitals won the award this year.As pharmaceutical
giants re-evaluate their pipelines and seek to sell off products that no longer fit their strategies, it gives opportunities
for pharmaceutical startups. Such divestiture of pharmaceutical products will be discussed Tuesday at the Life Sciences Lunch
at the Barnes & Thornburg LLP law firm in downtown Indianapolis. The lunch will include three speakers:
Reed Tarwater, director of pharmaceutical consulting services at Carmel-based Anson Group LLC; Ron
Ellis, CEO of Endocyte Inc. in West Lafayette; and Eli Lilly and Co.‘s Pete Robins. The
lunch costs $10 per person and begins at 11:30 a.m.Former President George H.W. Bush will come to Indianapolis
Nov. 19 to speak at a $250-per-person fund raiser for Alzheimer’s research. Proceeds from the event will benefit the Indiana
Alzheimer Disease Center at the Indiana University School of Medicine and the Indiana Chapter of the
Alzheimer’s Association. Money will also go to the Deane F. Johnson Center Foundation at the University of
California at Los Angeles, a clinical trial center that supports the research of such companies as Indianapolis-based
Eli Lilly and Co. Bush’s speech, which will occur at the Indiana Roof Ballroom, is sponsored
locally by Fishers-based Ambassador Healthcare and the Central Indiana Community
Foundation. Ticket information can be found here.
Adesa parent turns profit on lower revenue
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.Leasing/leasing contracts
-Indy Exhaust Products leased 24,000 square feet at 3223 N. Shadeland Ave. Jake Sturman of Jones Lang LaSalle
represented the tenant. The landlord, Prologis Realty Trust, represented itself.-Phoenix Data Corp. leased 10,000
square feet of office space at 9045 E. 59th St. Drew Augustin of NAI Olympia Partners represented the tenant.
The landlord, Morris & Associates/Mordevelopment LLC, was represented by Matt Langfeldt and Rich
Forslund of NAI Olympia Partners.-Indiana Sports Corp. leased 8,548 square feet of office space at Pan
American Plaza, 201 S. Capitol Ave. Rich Forslund and Gus Miller of NAI Olympia Partners
represented the tenant. The landlord, Coastal Partners, represented itself.-Residential Warranty Services
Inc. leased 8,000 square feet at 698 Pro Med Lane, Carmel. Ryan Conrad and Eric Kemp of
Resource Commercial Real Estate represented the tenant and the landlord, Bosa Realty.-Taki leased 5,126 square
feet at Rivers Edge, 4040 E. 82nd St. Scot Courtney and Bart Jackson of Grubb & Ellis
Harding Dahm & Co. represented the tenant. Andrew Hasbrook of Kite Realty represented the landlord, KRG
Rivers Edge LLC.-Jimmy John’s leased 1,400 feet at Glendale Town Center, 6151 N. Keystone Ave. The tenant
was represented by Drew Warner of Eclipse Real Estate. The landlord, Kite Realty Group, was represented by
Andrew Hasbrook and Jeff Wright of Kite.-William K. Marshall DDS Inc. leased
1,839 square feet at 10 W. Market St. The tenant was represented by Mike Semler of Colliers Turley Martin
Tucker. The landlord, MT Acquisitions LLC, was represented by Darrin L. Boyd and Andrew D. Martin
of Colliers Turley Martin Tucker.-Optimal Wellness Chiropractic leased 3,066 square feet of office space at 4545
Northwestern Blvd., Zionsville. Scott Lindenberg of Echelon Realty Advisors represented the tenant. The landlord,
R.L. McHaffey & Sons LLC, was represented by Bryan Augustin of NAI Olympia Partners.-Maxim Healthcare Services Inc. leased 1,216 square feet of office space at Castle Creek III, 8720 N. Castle Creek Parkway.
John Crisp of Colliers Turley Martin Tucker represented the tenant. The landlord, Blue Real Estate, was represented
by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.-Beautopia Medical
Spa Inc. leased 3,314 square feet of medical office space in the Windermere Professional Building, 9623 Windermere Blvd.,
Fishers. Brooke Augustin of NAI Olympia Partners represented the tenant. The landlord, DCMB LLC, was represented
by Tom Cortese of Acorn Group.You-review-it Monday
For me, “Enter Love” at the Cabaret, Walter Knabe at the Evan Lurie Gallery, and more. And for you?
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.Speaker-maker Klipsch making noise in earphone niche
Making money in earphones will require higher sales volumes, but Klipsch CEO Fred Klipsch thinks there are plenty more consumers
left for his company to tap.DINING: Frosting is tops at Holy Cow, Cupcakes!
At this Rangeline Road cupcakery, it’s the sweet stuff that counts.
More on Michael Feinstein’s plate
The artistic head of the Carmel Regional Performing Arts Center has added a Broadway show and a new NYC position to his already busy schedule.
Conseco reports $15.4 million profit in third quarter
The Carmel-based life insurer’s third-quarter results exceeded Wall Street analysts’ predictions.
Suburban counties building outer loop to avoid Indianapolis
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result,
a 100-mile outer loop beyond Interstate 465, won’t be completed for years, and it won’t be built to consistent standards,
but it might help ease congestion.Rating prestigious ZIP codes
A top-selling real estate agent pegs 46032 in Carmel and 46240 in Indianapolis as tops.
Telecom supplier Telamon hopes to ‘ignite’ racing industry
Carmel-based Telamon Corp. rose to become one of the largest minority-owned businesses in the area largely by serving telecommunications giants. Now it is veering off its traditional course to supply racing teams with an ethanol-based fuel made from Indiana corn.
CICF lost more than its foundation peers in ’08
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year
in which it saw greater losses than many of its peers.Leasing/leasing contracts
-Equicor Real Estate Development and Investment hired Jones Lange LaSalle as leasing agent for Waterplace Park, a 113,000-square-foot, four-building complex at 8925 N. Meridian St., and for the 74,000-square-foot Fidelity Keystone Office Tower and Fidelity Keystone Office Park. John Robinson and Adam Broderick of Jones Lange LaSalle are brokers for the properties.
-Software Engineering Professionals leased 28,000 square feet in the James Building, which is under construction in Carmel City Center. The tenant was represented by Jenna Barnett of Halakar Real Estate. The owner of the building, REI Real Estate, was represented by John Robinson and Adam Broderick of Jones Lange LaSalle.
-Schiele Enterprises Inc. leased 21,000 square feet of industrial space at 2402 Shadeland Ave. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Shadeland Business Park LLC, represented itself.
-CornerStone Flooring leased 12,800 square feet of industrial space at 8068 Woodland Drive in Park 100. The tenant was represented by Kevin B. Kempf of Colliers Turley Martin Tucker. The landlord, Duke Realty, represented itself.
-Decatur Vein Clinic leased 2,250 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by David Black of Grubb & Ellis Harding Dahm & Co. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Dr. Matthew Wittrig, DDS, leased 2,363 square feet at 33 E. County Line Road, Greenwood. The tenant was represented by Jim Marron of UGL Equis. The landlord, County Line Commons LLC, was represented by Rebecca Baer of Summit Realty Group.
-Triumvirate Enterprises leased 2,460 square feet at 5777 Park Plaza Court in Park Plaza Business Park. The tenant was represented by Kurt Meyer of Baseline Commercial. The owner, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial and Nikhil Gunale of CB Richard Ellis.
-Peter Municipal Consultants PC leased 1,250 square feet at South Greenwood Shoppes, 6001 N. U.S. 31, Whiteland. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the landlord, HRCP Inc. John Vance of Keller Williams represented the tenant.
-Sweeties GT leased 2,523 square feet at Broad Ripple Station, 1081 Broad Ripple Ave. Ron Mannon of Grubb & Ellis Harding Dahm & Co. represented the tenant. The landlord, LOR Corp., was represented by Suzanne Gammon of LOR.
-LJ Stone Co. leased 806 square feet at Lake Plaza 6801 Lake Plaza Drive. Debbie Shumate of Grubb & Ellis Harding Dahm & Co. represented the landlord, Lake Plaza LLC and LeBarron Investments. The tenant was represented by Brian Dell of Summit Realty Group.