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Articles
Small businesses changing hands despite recession
Even in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
Patachou owner’s pizzeria receives variance approval
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.Asking price for Hilbert estate drops below $10M
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.Company news
Indiana ranked No. 35—unchanged from last year—on UnitedHealth Foundation’s annual state-by-state ranking of overall public health. While Indiana ranks higher than it did three years ago, the state actually fell five places since UnitedHealth started compiling the ranking in 1990. Since then, obesity in Indiana has surged 130 percent while smoking rates have been stuck for a decade at 26 percent. UnitedHealth’s report says Indiana has good rates of health insurance coverage and does a good job of limiting infectious diseases. But the state suffers from poor air quality and very low public-health funding. The UnitedHealth Foundation is an arm of Minnesota-based health insurer UnitedHealth Group.
Researchers at Purdue University have shown how an experimental drug might restore the function of nerves damaged in spinal-cord injuries and could also treat multiple sclerosis. The experimental compound, 4-aminopyridine-3-methyl hydroxide, has been shown to restore function to damaged axons—slender fibers that extend from nerve cells and transmit electrical impulses in the spinal cord. The researchers’ findings, based on experiments with guinea pig spinal-cord tissue, appeared online Nov. 18 in the Journal of Neurophysiology.
Dr. John Hayes, vice president of Eli Lilly and Co.’s research laboratories and the company’s neuroscience branding leader, will deliver a keynote speech on the possibilities for neuroscience development in Indiana as part of the Neuroscience Summit organization by the Indiana Health Industry Forum. The summit will occur Dec. 4 at University Place Conference Center at IUPUI.
The merged operations of Carmel-based BehaviorCorp and Anderson-based Center for Mental Health will adopt the name Aspire Indiana Behavioral Health System on Jan. 1. The new organization has more than 400 mental health professionals and supporting staff members. Aspire Indiana will serve primarily patients in Madison, Hamilton, Boone and northern Marion counties.
Carmel performing arts center opening delayed until 2011
The new concert hall that is the centerpiece of a $150 million arts center in suburban Indianapolis will open a few months
later than expected after work was suspended over the summer because of roof problems.Retail space rises in Carmel
Retail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.
Construction
-Capitol Construction Services Inc., Fishers, has started a 5,254-square-foot tenant build-out for Encore-Sotheby’s
International Realty at 9510 N. Meridian St. The project is scheduled to be completed Jan. 8.-D.B. Klain Builders
LLC, Carmel, recently completed tenant interior renovations of 5,253-square-feet of office space at 4005 Vincennes Road. The
space is occupied by Pillow Express Logistics.-D.B. Klain Builders LLC, Carmel, recently completed tenant build
out of a1,750-square-foot office space located at 1007 3rd Ave., SW, Carmel. The space is occupied by Comm Works.Reinsurance deal helps Conseco raise cash
Carmel-based Conseco’s second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
Airport retailers want relief from street pricing policy
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.Pizza restaurants in works; wine shop heading to Fishers
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling
wines, craft beers and gourmet food, is coming to Fishers.LOU’S VIEWS: A new attraction wants to drum up business
Thoughts on Rhythm! Discovery Center and Bands of America.
Conseco plans new stock offering
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.Financial flexibility drew Civic Theatre to Carmel center
The Indianapolis Civic Theatre could take as long as 20 years to pay the $10 million fee it agreed to as part of a deal to
relocate to the state-of-the-art Regional Performing Arts Center in Carmel.Inlow estate decision reversed by high court
The Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.Your thoughts on Civic’s Carmel move
The 95-year-old Indianapolis staple will uproot for new performing arts center.