Short-time CFO altered course at Marsh Supermarkets
John Elbin forced the ailing grocery chain to confront its problems during his five months with the company.
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Who’s Who in Commercial Real Estate – 2011
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. IBJ is identifying those people in eight different industry categories. Up this month: commercial real estate.
Restaurants plan Indianapolis-area expansions
New locations of various eateries are planned in Carmel, downtown, and on the north and south sides.
Indianapolis bio sector hopeful as venture firms cash out
Profits flowing from earlier investments could mean more available capital, but firms continue to be selective in placing their bets.
Developer proposing $100M project for Carmel
A proposed 64-acre development west of U.S. 31 in Carmel would help satiate a craving for retail, but it faces a tough fight from neighborhood groups that want to preserve the thoroughfare’s residential character.
Compromise emerges on Indiana immigration bill
The state senator who said Indiana should crack down on illegal immigration says a compromise includes the potential loss of state tax benefits for businesses hiring illegal immigrants.
Local developer seeks bankruptcy protection
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
Coyote kills pet dog in Carmel
Carmel homeowners living in the Wexley Chase subdivision are keeping a close eye on their small pets after a coyote attack claimed the life of a dog. A resident in the neighborhood near 126th Street and Towne Road said the coyote snatched her 10-pound Shih Tzu even though she was only a few feet away. The dog’s remains were found the next day outside West Clay Elementary School. The Department of Natural Resources estimates there are as many as 2,500 coyotes in Hamilton County.
People
Dr. Sara Wine, a family medicine specialist, joined St. Vincent Physician Network in Fishers. She received her medical degree from the Des Moines University College of Osteopathic Medicine in Iowa.
St. Vincent Health named Gary Everling its system executive of business development. He will help St. Vincent’s 20 hospitals develop relationships with physicians, businesses, community leaders and non-affiliated hospitals, as well as putting together mergers and acquisitions. Everling was most recently head of business development for St. Vincent Carmel Hospital.
Indianapolis-based Harlan Laboratories Inc. named Dr. Manuela Leone as its new president of contract research services. A former pediatrician, Leone has spent the past 18 years in the contract research services industry, at such companies as Pharmacia, MDS Pharma Services and ICON Clinical Research. She will be based at Harlan’s contract research services facility in Itingen, Switzerland.
Weakened immigration bill clears Legislature
Businesses that hire illegal immigrants could have some Indiana state tax credits revoked under a proposal that’s been approved by the Legislature.
Pizzology chef plans new downtown concept
Neal Brown, the popular local chef behind Carmel's Pizzology is outfitting the former home of Nia's Deli at 38 E. Washington St. for a new restaurant called The Libertine.
Campaign flier sparks controversy in Carmel
A campaign flier for a candidate challenging four-term incumbent Carmel Mayor James Brainard in Tuesday’s primary election is getting a strong reaction. Political mailers from mayoral candidate John Accetturo feature a photo of Brainard next to four reviled political figures: Moammar Gadhafi, Saddam Hussein, Hugo Chavez and Rod Blagojevich. The caption reads, “It’s time for him to go, too.” Accetturo stood by the piece even though it puts Brainard in the same company as murderous dictators. “He’s been in office way too long just like the others on that mailer,” Accetturo said. Brainard’s campaign consultant, Allen Sutherland, said, “The piece speaks for itself and we have no further comment.”
Leases/leasing contracts
-National Expo Inc. leased 39,950 square feet at 2363 E. Perry Road in the Airwest Business Park. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.
-James Allen Insurance leased 8,216 square feet at 11611 N. Meridian St., Carmel. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller. The tenant represented itself.
-Clinical Architecture leased 5,405 square feet at 11611 N. Meridian St., Carmel. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller.
-Community Spirits leased 4,800 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Kuaba Art Gallery leased the entire second floor, or 3,500 square feet, at the King Cole Building, 1 N. Meridian St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, King Cole Investors, represented itself.
-RadioShack Corp. leased 3,110 square feet of office space at 8730 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Pearly White Smiles Family and Cosmetic Dentistry leased 3,083 square feet at Park Meridian at 96th and Meridian streets. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Landmark Properties Inc. represented itself.
-Commonwealth Brands leased 2,997 square feet at 8910 Purdue Road. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Zeller Realty Group, was represented by Mark Vollbrecht of Zeller.
-Transformations at Pilates Studio LLC leased 2,228 square feet of retail space at 3958 E. 82nd St. The tenant was represented by Brad King of Colliers International. The landlord, Clearwater Crossing LP, was represented by John Beuoy of Broadbent Co. Inc.
-Zogurts LLC leased 1,600 square feet of retail space in Fall Creek Harbour, 10134 Brooks School Road, Fishers. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Gordon N. Stowe & Associates Inc. leased 1,553 square feet of office space at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.Construction
-Alt Construction has completed a 1,600-square-foot restaurant build-out for La Hacienda at 12237 N. Meridian St., Carmel.
-S&B Construction has been hired for an 11,500-square-foot renovation of Fresenius Medical Care at 1225 W. 86th St. The project is scheduled to be completed in August.
-TMG Construction Management Inc. has been hired to build a 3,081-square-foot New Balance Shoes store at 9893 N. Michigan Road, Carmel. The store is scheduled to be completed by May 31.
CNO Financial’s first-quarter profits surge 59 percent
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
Greenwood mayor rare incumbent to lose in area primaries
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city’s downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
SHELLA: A theater review of the General Assembly
Indianapolis Democrat Greg Taylor goes to the microphone so much he makes Don Quixote look lethargic. Carmel Republican Mike Delph seems to scour the Drudge Report looking for new ways to make the electorate adopt his values.
East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.