After 9-year hiatus, Caplinger family opens new fish market
Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.
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Cassidy Turley offers upbeat outlook on local real estate
The city’s largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it’s actually recovering, as all sectors of the commercial real estate market continue to improve.
21-acre Greenwood tract marketed for apartment development
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.
Leases/leasing contracts
-JD Byrider renewed and expanded its lease to 61,326 square feet at Hamilton Crossing I, 12722-12802 Hamilton Crossing, Carmel. The tenant was represented by Brian Askins of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke's Traci Kapsalis.
-First Databank renewed its lease for 27,345 square feet in Four Parkwood, 500 E. 96th St. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke's Traci Kapsalis.
-Cohen Garelick & Glazier Professional Corp. leased 12,268 square feet at 8888 Keystone Crossing. The tenant was represented by Tim Hull of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Community Health Networks Physical Therapy and Rehabilitation renewed its lease for 9,200 square feet at Hillsdale Business Park, Hillsdale Court and North Shadeland Avenue. The tenant was represented by Rob Lukemeyer of Baseline Commercial Real Estate. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.
-Messer Construction renewed its lease for 7,608 square feet at 6964 Hillsdale Court in the Hillsdale Business Park. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle. The tenant represented itself.
-Community Health Networks' Northeast Family Physicians renewed its lease for 7,038 square feet at 6910 Hillsdale Court in the Hillsdale Business Park. The tenant was represented by Rob Lukemeyer of Baseline Commercial Real Estate. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.
-Cornerstone Associates renewed two leases totaling 8,892 square feet at 6967 Hillsdale Court in the Hillsdale Business Park. The landlord, Hillsdale Property Owner LLC, was represented by Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle. The tenant represented itself.
-Independent Colleges of Indiana Inc. leased 4,712 square feet of office space at 30 S. Meridian St. The tenant was represented by Timothy Norton of Summit Realty Group. The landlord, Kite Realty Group, was represented by Mike Semler and John Crisp of Cassidy Turley.
-Moisture Management Services Co. LLC leased 4,080 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-The Dermatology Center of Indiana leased 3,200 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Jim Mount of Hokanson Companies. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Reach For Youth Inc. leased 2,034 square feet at 435 E. Main St., Greenwood. The tenant was represented by Yumi Goodman of Colliers International. The landlord, Randy Faulkner & Associates Inc., was represented by Bruce Richardson of My Agent Real Estate Services.
-Insphere Insurance Solutions leased 1,698 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property, was represented by Dave Moore, Bennett Williams and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-RPM Machinery LLC leased 1,413 square feet of office space at 8910 Purdue Road. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, Zeller Realty Group, represented itself.
Senate rolls out central Indiana mass-transit bill
dvocates for expanded mass transit in central Indiana will focus on a Senate bill that gives counties a way to generate more tax dollars to pay for better buses and more routes.
House to take up bill to create redistricting commission
The Republican-controlled Indiana House is set to take up legislation that would give a bipartisan commission the duty of drawing district maps.
Napolese nibbles on national expansion
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Funding drought pinches life sciences firms
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
LOPRESTI: Colts-Chiefs playoff game joins classic-comeback peers
Veterans of other memorable games welcome a new ‘one for the ages’ to their ranks.
Mass Ave roundup: Union 50, Nine Irish Brothers
The two restaurants are among four new offerings that have either recently opened or will be coming to the Mass Ave area this spring.
Storm fallout shuts down suburban government
Sunday’s winter storm shut down most government offices in Hamilton and Boone counties, forcing a bevy of public meetings scheduled for Monday to be postponed.
Simon malls, Kroger store among weather closings
Here’s a rundown of some of the restaurant and store closings due to heavy snow and frigid temperatures.
New St. Vincent CEO will inherit financially solid system
It’s a challenging time to be a hospital CEO, but when Jonathan Nalli takes the helm of St. Vincent Health, he’ll have about as strong a financial hand as anybody to play.
Company news
Encore Health Network, a network of health care providers owned by Community Health Network, Indiana University Health and Deaconess Health, has added St. Vincent Health to its fold. The Indianapolis-based network will offer discounted access to St. Vincent doctors and hospitals in the Anderson, Carmel, Fishers, Indianapolis and Kokomo markets. Insurance companies, third-party administrators and employers contract with Encore and its Encircle network products to obtain discounts on medical services.
Indiana University Health and UnitedHealthcare entered the new year without a contract. That would normally mean UnitedHealthcare’s customers would pay higher prices at IU Health’s hospitals and physician offices. But IU Health has decided to still give patients the same "in network" co-pays and deductibles that UnitedHealthcare had negotiated under the expiring contracts, keeping patients’ costs the same until a new deal is reached. IU Health said in a press release it would apply the "in network" discounts only to the patient portions of its bills, not to the portions paid by UnitedHealthcare. The Minnesota-based health insurer first notified its customers on Dec. 2 that its contracts with IU Health could expire at year end. Such contracts typically shave 30 percent or more off the list prices of a hospital system’s services. 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, according to data from Tennessee-based market research firm HealthLeaders-InterStudy. IU Health operates 20 hospitals and employs nearly 1,500 physicians around Indiana.
The U.S. Supreme Court has temporarily blocked an Obamacare requirement that religiously affiliated employers provide health insurance that includes birth control. The decision gives temporarily relief to Catholic plaintiffs that said Obamacare’s requirement to provide contraception coverage violated their religious freedom. In a related case, Indiana-based Franciscan Alliance and other Catholic organizations won a temporary injunction from a federal judge in Indiana, to allow the Supreme Court challenge to play out before Franciscan would be required to provide contraception coverage to its workers via its health insurance plan. "We simply asked that the government not impose its values and policies on plaintiffs, in direct violation of our religious beliefs," said Kevin Leahy, CEO of Franciscan Alliance, which operates three hospitals in the Indianapolis area. The Affordable Care Act required all health insurers to cover contraception at no cost to its health plan members and required all employers with 50 or more workers to provide health insurance to their workers. Both provisions were set to take effect Jan. 1.
Sales/acquisitions
-Seabury Charter LLC bought 1.859 acres at 2295 N. Illinois St. The buyer was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The seller, MMW Corp., was represented by Ross Reller of Colliers International.
-M&D Noblesville LLC bought 2.01 acres of retail land at 16080 Prosperity Drive, Noblesville. The buyer was represented by Tom Osborne of Colliers International. The seller, Marsh Supermarkets Inc., was represented by Jeff Merritt of Colliers International.
-C-K Real Estate Investments bought a third of an acre in the Bridgewater Corporate Park at 4661 Lisborn Drive, Carmel. The site will house a 4,000-square-foot office building for the Crossen Kooi law firm. The buyer was represented by Pat Chandler of ReMax at Keystone Crossing. The seller, John McKenzie, represented himself.
-Insight Consulting bought a 15,395-square-foot building at 7830 Johnson Road. The buyer was represented by Jacqueline Haynes of Cassidy Turley. The seller, QAI, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
State lags city with science, tech jobs
Careers in science, technology, engineering and math—typically referred to as STEM fields—have surged in growth compared to other careers in Marion and Hamilton counties. But the rest of Indiana has barely budged from the early 2000s.
Cord Camera to close remaining Indianapolis store
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.