What’s New: Acting Up Productions
Meet Brian Noffke and Beth Hofmann, who opened acting school/production company/art gallery Acting Up Productions in downtown Greenfield in late summer.
Meet Brian Noffke and Beth Hofmann, who opened acting school/production company/art gallery Acting Up Productions in downtown Greenfield in late summer.
U.S. consumers, who set records for retail purchases during Thanksgiving weekend, helped boost U.S. auto sales in November to what is likely to be their fastest pace in more than two years.
-Fillpoint LLC leased 51,200 square feet at Park 100, 5845 W. 82nd St. The tenant was represented by Tom Cooler of CBRE. The landlord, Prologis, represented itself.
-King Systems Storage leased 12,900 square feet in Northparke One in Saxony, 14425 Bergen Blvd., Noblesville. The tenant was represented by Andrew Morris of Summit Realty Group. The landlord, First Industrial Realty Trust Inc., represented itself.
-Security Equipment Supply renewed its lease of 4,800 square feet of office space in Park Castlewood, 8455 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.
-Graphicon renewed its lease of 4,039 square feet of office space in Park Castlewood, 8459 Castlewood Drive. The tenant and landlord, KHK Investments LLC, were represented by Spero Pulos of Lee & Associates.
-Integrity Flight Academy leased 4,000 square feet of industrial flex space at 5301 Commerce Circle. The tenant was represented by Robert J. Lane of Carpenter Commercial Associates. The landlord, Midwest Systems, was represented by Brenda Richards of Carpenter Commercial Associates.
-Periculum Capital Co. leased 3,769 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Douglas E. Jones, an independent broker. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-DPS leased 3,564 square feet in the James Building, Four Center Green, Carmel. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Carmel City Center Community Development Corp., was represented by Mike Napariu of REI Real Estate Services LLC.
-Academy Mortgage leased 3,100 square feet at 1624 W. Smith Valley Road, Suite B, Greenwood. The tenant and landlord, Tom Ray Builder Inc., were represented by Brenda Richards and Robert J. Lane of Carpenter Commercial Associates.
-Vortek Surgical leased 2,250 square feet of office space in Park Castlewood 8455 Castlewood Drive. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The landlord, KHK Investments LLC, was represented by Spero Pulos of Lee & Associates.
-Icon Equity Partners LLC leased 1,719 square feet at 11590 N. Meridian St., Carmel. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC. The tenant represented itself.
-7th Sky Hair and Nail Salon leased 1,600 square feet of retail space at Uptown Center, 9520 Uptown Drive. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Ocularis leased 1,600 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.
-Noble Roman’s leased 1,260 square feet of retail space at Zionsville Station, 78 Brendon Way, Zionsville. The owner, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.
-Edward Jones leased 1,200 square feet of retail space in Lebanon Crossing,1377 S. Lebanon St., Lebanon. The tenant was represented by David Ellis of Fenway Group. The landlord, Lebanon 39 LLC, was represented by Robyn Smart of Lee & Associates.
The developer of downtown’s Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in a move that could free up capital to launch a $24 million second phase.
Indiana House Speaker Brian Bosma says that passing a contentious right-to-work proposal will be his top priority during the coming legislative session.
-SolTerra Investment Co. LLC bought a 9,100-square-foot Dollar General store at 37th Street and Keystone Avenue for $1.2 million. The buyer was represented by Chris Stuard of Sperry Van Ness/Martin Commercial Group. The seller, First Circle Investments LLC, was represented by Jordan Klink and Kahlil Barnard of the Indianapolis office of Marcus & Millichap.
-Douglas Realty Group bought the 55,000-square-foot Northeast Office Center at 56th St. and Interstate 465. The price was not disclosed. The buyer was represented by Paul Sommers, an independent broker. The seller, Indy Holdings Inc., was represented by independent broker Ron Stewart.
WellPoint Inc. is one of several health insurers weighing bids as high as $2 billion for XLHealth Corp., a provider of managed care for chronically ill Medicare members, according to Bloomberg News. According to unnamed sources cited by Bloomberg, the bids for XLHealth may value the company in a rage from $1.5 billion to $2 billion. A deal may be announced in the coming weeks, Bloomberg reported. Indianapolis-based WellPoint and its peers have made a point of expanding their services to beneficiaries of the federal Medicare program, which is expected to grow rapidly thanks to aging baby boomers. By contrast, WellPoint expects its bread-and-butter employer business to stagnate soon. In June, WellPoint purchased California-based CareMore Health Group, which serves Medicare patients. XLHealth, started in 1997, provides managed care services for Medicare patients with diabetes, heart disease and other chronic conditions. It has 111,000 members in Medicare products, including the Part D drug plan and the Advantage plan for physician fees and hospital charges.
West Lafayette-based Medtric Biotech LLC won $65,000 in cash and services at the Purdue University Life Sciences Business Plan Competition for its winning presentation on its innovative wound-care technology. Medtric’s technology uses "nanobubbles" in its antimicrobial process for destroying bacteria to help prevent and treat infected wounds. Two other West Lafayette companies—BioRegeneration Technologies and QuantIon Technologies Inc.—placed third and fourth, respectively. The runner-up company was OneBreath, of Palo Alto, Calif., which is developing a simpler platform to provide mechanical ventilation for those with respiratory problems from flu or other trauma.
Indianapolis-based Better Healthcare for Indiana is convening community leaders to improve health and health care in cities around Indiana. The not-for-profit group’s third annual “All Healthcare is Local” conference will take place on Nov. 16 at Second Presbyterian Church in Indianapolis. Leaders from Terre Haute, Columbus, Kokomo and Evansville will all give presentations on the efforts in their communities. Keith Reissaus, vice president of community and work force initiatives at Goodwill Industries of Central Indiana, will give the lunchtime talk. The keynote speech, titled “Healthy Communities Mean Lower Costs,” will be delivered by Tyler Norris, president of Community Initiatives Inc. in Boulder, Colo., and a senior adviser to the California-based health insurer and medical provider Kaiser Permanente.
In an early example of enforced rebates, Indianapolis-based WellPoint Inc. is one of 11 health insurers ordered by New York Gov. Andrew Cuomo to refund $114.5 million to policyholders, according to Bloomberg News. That’s because the insurers failed to spend at least 82 cents of each premium dollar on health care as required by the state. A mandate to spend a certain amount on medical care also is a federal requirement under the 2010 U.S. health reform law. WellPoint’s Empire BlueCross BlueShield was ordered to pay $61.1 million, which is the largest rebate demanded from insurers in New York and nearly three times as much as the second-largest rebate. WellPoint’s Empire payments represent about 3 percent of its total premium revenue for insurance products subject to these laws, Kristin Binns, a WellPoint spokeswoman, told Bloomberg. “As in previous years, and consistent with New York law, if the amount Empire pays for medical claims is unexpectedly low, Empire pays refunds to its customers,” she said.
Biomedical research at the Indiana University School of Medicine and its partner hospitals pumped $370 million into Indiana's economy in 2009, according to a new study detailed by the Associated Press. The study by the Association of American Medical Colleges estimates the medical school pumped an estimated $142.5 million into the economy directly through federal and state-funded research. That research generated another $228 million in indirect economic activity. It also estimates the Indianapolis medical school's research supported about 2,470 jobs in Indiana in 2009. The report doesn't include economic activity of businesses that commercialize biomedical discoveries made by IU researchers.
Endocyte employs 12 people in Indianapolis and plans to add three or four more commercial executives there over the next year and a half as it anticipates approval of its ovarian cancer medication in Europe.
There may be a $5 or $1,000 bill lying on the sidewalk, but it’s up to you to pick it up.
Republic Airways Holdings Inc. operates airlines and provides more than 1,500 flights daily.
Indianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.
In the nine-county metropolitan area, sale agreements for existing homes climbed nearly 12 percent, to 1,541, in October, an increase of 163 from the same month last year.
A new study says biomedical research at the Indiana University School of Medicine and its partner hospitals pumped about $370 million into Indiana's economy in 2009.
Some of the newer members see 2012 as a great opportunity to pass some of their favorite legislation.
-CNG Source Inc. leased 24,060 square feet of industrial space at 1350 Brookville Way. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Brian Buschuk and Brian Seitz of Jones Lang LaSalle.
-Virtual Marketing Strategies Inc. leased 22,578 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Matt Langfeldt of Summit Realty Group. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Cascade Asset Management LLC leased 15,672 square feet of industrial space at 5121-5151 Decatur Blvd. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Holladay Properties, was represented by Matt Dickerson of Jones Lang LaSalle.
-St. Joseph Institute for the Deaf leased 10,540 square feet of retail space at 9192 Waldemar Road. The tenant was represented by Tom Osborne of Colliers International. The landlord, Landco-Waldemar, represented itself.
-Tech Electronics Inc. leased 8,000 square feet of industrial space at 2350-2360 Executive Drive. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, RJ Moore Family Partnership, was represented by Jake Sturman of Jones Lang LaSalle.
-ASC Group leased 3,540 square feet of office space at 9376 Castlegate. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Castlegate Associates LLP, was represented by Tyler Mensch of Cassidy Turley.
-LincLogix Inc. leased 2,638 square feet of office space at 7439 Woodland Drive. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Tau Kappa Epsilon Fraternity, was represented by George Crawford of NAI Meridian Real Estate Services.
-Weight Watchers leased 1,600 square feet of retail space in Centre East, 10537 E. Washington St. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, Centre East LLC, was represented by Jake Teter of Centre Properties.
-Riverwood Financial Group LLC leased 1,529 square feet of office space at Carmel Office Court, 301 E. Carmel Drive #F100, Carmel. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Indiana District of Kiwanis International leased 1,396 square feet of office space at 8060 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Edward D. Jones & Co. LLP leased 1,157 square feet of office space at 4181 E. 96th St. The tenant was represented by Dave Ellis of Fenway Commercial Real Estate. The landlord, WAFS LLC, was represented by Brad King and Kevin Dick of Colliers International.
-Muscle Relief & Relaxation expanded its office lease to 1,125 square feet at Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Solo Diagnostics leased 700 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
A multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores, many of them new to Indianapolis.
Gov. Mitch Daniels has been derided in recent days for standing next to California businessman Bob Yanagihara and declaring, “We like visionaries, we love inventors, we love entrepreneurs. You are all those things.”
The auto and trucking fleet insurer lost $13 million, or 87 cents per share in the three months ended Sept. 30, compared with profit of $9.2 million, or 62 cents per share, in the same period a year earlier.