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Articles
DINING: La Dolce Chipotle? Piada gives burritos an Italian twist
The Columbus-based chain stakes a claim in Central Indiana. First in a month-long series of reviews of restaurants in recently rehabbed spaces.
The Arlo Guthrie Concert Massacre (with apologies to ‘Alice’s Restaurant’)
In the rambling style of Arlo Guthrie’s classic song, a review of his concert at the Palladium. Feel free to sing along.
Roundup: Westfield cafe closes; plus new pho, fro-yo, BBQ and baked goods
Marlow’s Café closed in September after more than three decades on State Road 32 in Westfield, and a new restaurant is set to take over the breakfast-and-lunch spot.
Construction
-Capitol Construction has completed a 30,000-square-foot office build-out for American Specialty Health at 12318 Hancock Drive, Carmel.
-Capitol Construction has completed a 2,500-square-foot office build-out for Franklin American at 8555 River Road.
-Mattingly Construction was awarded and has begun construction of a 3,432-square-foot office build-out for MS-IL Staffing at 4933 W. 38th St.
Company news
Bring in the relationship experts to label this one. St. Vincent Health and Monroe Hospital in Bloomington have pulled back from their “strategic alignment”—which had St. Vincent managing Monroe’s operations but was a step short of a merger—and will instead settle for a clinical partnership for cardiology, orthopedic and critical care services. Longtime St. Vincent executive Joe Roche, who had led the attempt to integrate the systems, will now become the CEO of Monroe Hospital, starting Monday. “We are appreciative for the opportunity to have explored integration options with Monroe Hospital, and to continue our clinical partnerships to serve the residents of Bloomington and surrounding communities,” Ian Worden, interim CEO of St. Vincent Health, said in a prepared statement. The Bloomington market is dominated by St. Vincent’s archrival, Indianapolis-based Indiana University Health, which owns IU Health Bloomington Hospital there. Monroe, which boasts 32 inpatient beds, was having financial difficulties and had been looking at a partnership with Franciscan St. Francis Health before it struck its deal with St. Vincent last year.
Less-than-expected profit in emerging markets and a decline in the Japanese yen could make it difficult for Eli Lilly and Co. to meet a goal of at least $20 billion in revenue next year, the Indianapolis-based drugmaker said Thursday. But the company said it would cut costs, if necessary, to reach its other 2014 goals of $3 billion in profit and $4 billion in operating cash flow. “I am confident in our outlook to return to a period of growth and expanding margins,” Chief Financial Officer Derica Rice said in a statement. Lilly will also take a hit from Obamacare. The 2010 law, known as the Patient Protection and Affordable Care Act, required drugmakers to give larger rebates to federally funded health plans and will add a tax onto all U.S. sales of prescription drugs. Those impacts, as well as Obamacare's elimination of a tax benefit for retiree drug coverage, will cost Lilly about $500 million this year. But Lilly might also see its sales hampered by the Obamacare exchanges, the online marketplaces that started Tuesday in all 50 states. That's because health insurers, in an attempt to keep premiums low, are creating narrower formularies that exclude some drugs from coverage. Similarly, insurers are creating "narrow networks" that offer coverage for fewer doctors and hospitals.
Indiana University Health plans to eliminate 935 workers in Indianapolis, Carmel, Fishers and Muncie, according to documents filed by the hospital system with the state. The cuts will affect 746 in Indianapolis at Methodist Hospital, Riley Hospital for Children, University Hospital and IU Health Physicians. In Carmel, 67 will be cut at IU Health North Hospital. Two will be trimmed at Saxony Hospital in Fishers. In Muncie, IU Health plans 120 cuts at Ball Memorial Hospital. IU Health employs about 36,000 statewide. It says it's looking to save $1 billion in costs over the next four years. The Indianapolis-based system said last month it must make the cuts because fewer patients have been coming to hospitals, and payment rates for its services have been declining.
Lilly scientists stole $55 million in trade secrets, indictment alleges
Three former employees of Eli Lilly and Co. allegedly transferred trade secrets that Lilly values at more than $55 million to a competing Chinese drug company, according to an indictment unsealed Tuesday in federal court.
Home-A-Rama back after five-year layoff as market improves
With the housing market on the mend, the Builders Association of Greater Indianapolis decided the time was right to reintroduce the show, which gives the public an opportunity to tour newly built custom homes.
Tower would be first big addition to east side of Indianapolis in decades
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
Brainard: You’ve got to see Carmel to believe it
Carmel Mayor Jim Brainard painted a rosy picture of the suburban community in his State of the City speech Wednesday. Then he showed the video.
Mass Avenue moves: Tini, Flying Cupcake
The martini and vodka bar is taking the space next door now occupied by the cupcake store, which is relocating to another location on the Avenue.
Former Simon executive faces fraud charge
Federal prosecutors in Pittsburgh have charged Mark Palombaro of Carmel with a single count of mail fraud in connection with a kickback scheme.
Leases/leasing contracts
-Evanced Solutions LLC leased 17,000 square feet of office space at 701 E. New York St. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, Rowland & Frist LP, was represented by Russell Van Til of Cassidy Turley.
-Fox and Hound renewed its lease for 8,040 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Taverna 1850 leased 5,000 square feet at 1850 Broad Ripple Ave. The tenant and landlord, Alex and Mina Khoury, were presented by Hamada Ibrahim of R.P. Lux Commercial Real Estate Services.
-Kids Against Hunger-Greenwood Inc. leased 5,000 square feet at Emerson Industrial Park, 5602 Park Elmwood, Greenwood. The tenant was represented by Michael P. Sloan of The Broadbent Group. The landlord, Dominion Realty Inc., represented itself.
-Woodley Farra Manion Portfolio Management leased 4,196 square feet of office space at Five River Crossing, 8558 N. River Road. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, an affiliate of PK Partners, was represented by John Vandenbark of CBRE.
-Regions Bank renewed its lease for 4,100 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant was represented by Nick Arterburn of CBRE. The landlord, an affiliate of PK Partners, represented itself.
-Mid-America Computer Corp. leased 3,000 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Andrew Follman of NAI Meridian. The landlord, 11711 North College LLC, was represented by Kimberly Hartman of Colliers International.-Fox Studios, doing business as Camden Glass, leased 2,900 square feet of retail space in Winthrop Commons, 5345 N. Winthrop Ave. The landlord, Crum Realty, was represented by Ron Mannon and Scott Herider of Lee & Associates. The tenant represented itself.
-Agave Bar and Grill leased 2,643 square feet at 31 E. Main St., Carmel. The tenant and landlord, Fernando Sagovia, were presented by Hamada Ibrahim of R.P. Lux Commercial Real Estate Services.
-AT&T renewed its lease for 2,400 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.
-Crust Pizzeria leased 2,400 square feet at 12505 Old Meridian St., Suite 170, Carmel. The tenant was represented by Hamada Ibrahim of R.P. Lux Commercial Real Estate Services. The landlord, Buckingham Cos., was represented by Buckingham's Tiffany Oliver.
-The Opus Group leased 2,097 square feet of office space at Three River Crossing, 3610 River Crossing Parkway. The tenant was represented by Mary Beth Kohart of CBRE. The landlord, an affiliate of PK Partners, was represented by John Vandenbark of CBRE.
-Pizza Hut leased 1,800 square feet at Eagle Creek Shops, 5510 Lafayette Road. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Harris FLP, was represented by Beth Patterson of Colliers International.
-Jimmy Johns Gourmet Sandwiches leased 1,780 square feet of retail space at Emerson Shoppes, 4920 S Emerson Ave. The tenant was represented by Jeff Daniel of The Valenti Group. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Yang’s Foot Spa leased 1,400 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The landlord, an affiliate of PK Partners, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.City officials aim to build on momentum for cycling
Indianapolis has become a more bike-friendly city, and city planners are looking to ensure the progress continues. The Metropolitan Development Commission will vote Oct. 16 on a bicycle master plan that lays out a host of educational and policy initiatives to encourage two-wheeled transportation.
Bub’s draws other tenants to Zionsville development
Anticipation has been building since Bub’s Burgers and Ice Cream signed on for the $3 million South Village of Zionsville West project last year. The popular restaurant could open its Boone County outpost next month. Who else is moving in?
Carmel choir teacher suspended
A choir teacher and instructional assistant were suspended by Carmel Clay Schools on Wednesday after being accused of using “teaching techniques not proper for choral instruction,” the district said. Students say Clay Middle School Choir Director Amanda Griffin restrained students with duct tape to eliminate unwanted arm movement during performances and made them do push-ups. The district declined to provide details. “Pending our administrative review of the situation, we have relieved the teacher and instructional assistant from further classroom duties,” it said in a letter to parents.
People
Dr. Larissa Day Walz, an internist, has joined Indiana University Health Physicians in Carmel. Walz earned a bachelor’s in biology from Butler University and a medical degree from the Indiana University School of Medicine.
Dr. Aaron Ashabraner, a family physician, has joined IU Health Physicians in Carmel. He previously was part of the St. Vincent Physician Network and before that cared for active-duty military personnel at the Little Rock Air Force Base. He holds a medical from the IU School of Medicine.
Dr. Erica Huddleston, a family physician, has joined Community Health Network in Indianapolis. She earned her medical degree at Wayne State University School of Medicine in Detroit.
Dr. Erik Cox, a pediatrician, has joined Community Physician Network in Anderson. He earned his medical degree at the IU School of Medicine.
The Indiana Family and Social Services Administration appointed Joseph Moser to serve as Indiana Medicaid director, beginning Nov. 18. Moser spent the last five years as director of government affairs and interim executive director for Medicaid Health Plans of America, a national trade association. Moser is a graduate of Marian University in Indianapolis.
Man fatally shot in drug raid
A Carmel police officer assigned to the Metro Drug Task Force fatally shot a suspect during a raid on the west side of Indianapolis early Thursday. The shooting took place at 6:05 a.m. at Westlake Apartments, south of 10th Street and west of Lynhurst Drive. The names of the suspect and the officer were not released. Investigators say the suspect pointed his gun at officers before being shot. The raid was part of a long-term investigation into marijuana, cocaine and methamphetamine dealing.