Marian University, a small Catholic college started by Franciscan nuns, next month will launch just the second medical school in Indiana. Marian President Dan Elsener is credited with pulling off the audacious move with a mix of big dreaming, careful planning, deft networking and “don’t take no for an answer” fundraising.
The working class has Fords and Chevys and Dodges. Many a tooth and velvet Elvis painting has been lost in disputes over which brand is best.
The former owners of Broad Ripple’s Red Room nightclub are opening a Noblesville sports bar. Nemo’s leads a retail roundup that also includes five new eateries in Fishers.
A manhunt was underway Tuesday morning for two armed men in their early 20s who may have robbed a pair of north-side gas stations. The men are suspected of robbing the Village Pantry at East 96th Street and Lantern Road in Fishers about 3:40 a.m., then holding up the Speedway gas station at East 62nd Street and Allisonville Road less than an hour later. Indianapolis police began following the suspects before they crashed their red Pontiac into the garage of a vacant house near 42nd Street and Forest Manor Avenue. The suspects fled on foot.
The federal government is set to decide this month whether the federal Medicare program should pay for a $3,000 test that for the first time accurately identifies the signature brain plaques of Alzheimer’s disease, according to Bloomberg News. The test, approved last year by U.S. regulators, uses Eli Lilly and Co.’s Amyvid imaging agent to trace the brain protein amyloid. Alzheimer’s disease affects 5 million Americans, a number that patient advocates say could double by 2050. But the test is controversial because there are no available treatments that even slow the progression of Alzheimer’s disease. A final decision from the federal Centers for Medicare & Medicaid Services will come July 9. While a negative decision would limit use of the tests, approval would probably lead to coverage from private health insurers, too.
Nyhart Actuary & Employee Benefits plans to expand its Indianapolis headquarters and create as many as 25 jobs here by 2017. The firm will invest $840,000 to lease and equip an additional 8,000 square feet of office space, according to Nyhart CEO Thomas Toten. Nyhart currently is negotiating an expansion of the 20,000 square feet it leases at 8415 Allison Pointe Blvd. in the Castleton area. Nyhart currently has 68 full-time employees in Indianapolis and about another 30 across five other states. The firm already has started hiring additional actuaries, administrators and benefit consultants from college programs for its Indianapolis expansion. Founded in 1943, Nyhart provides consulting services to more than 1,000 public and private companies in 48 states on issues such as pensions, retirement benefits, compensation and other employee benefits. Nyhart has been in growth mode lately. In August, Nyhart acquired San Diego-based The Epler Co., a regional actuarial, employee benefits and compensation strategies firm.
Lilly Endowment Inc. will give $10 million to help start the Indiana Biosciences Institute. The institute is already due to receive $25 million in startup funds from the state. The institute aims to attract 100 new scientists to Indiana to conduct research and development work aimed at launching new therapies for metabolic diseases. The effort has been spearheaded by BioCrossroads, an Indianapolis-based life sciences organization, and has received significant support from Gov. Mike Pence and John Lechleiter, the CEO of Eli Lilly and Co. The institute needs to raise $15 million over the next year or so to fully fund its startup efforts. Beyond that, the institute hopes to raise an endowment of $310 million to help fund its operations. It also hopes its researchers attract steady grants from life sciences research companies, such as Indianapolis-based Lilly and Bloomington-based Cook Group Inc.
Eli Lilly and Co. won a United Kingdom patent lawsuit against a Johnson & Johnson unit over a potential treatment for Alzheimer’s disease, according to Bloomberg News. A patent held by J&J’s Janssen Alzheimer Immunotherapy Research & Development unit isn’t valid, Judge Richard Arnold said in a ruling in London on June 25. Both companies are developing treatments targeting the buildup of plaque in patients’ brains that’s linked to the condition. Companies developing the first treatments for Alzheimer’s are competing for what might be a $20 billion market, according to a report last year by Deutsche Bank AG analysts.
The head of the state Family and Social Services Administration said the federal government is expected to approve an extension of the Healthy Indiana Plan, but a request to use the plan for an Indiana Medicaid expansion could take much longer. According to the Associated Press, FSSA Secretary Debra Minott said Gov. Mike Pence directed her and others to ensure those already enrolled in HIP are secure before negotiating an expansion through the program. Roughly 40,000 low-income residents are enrolled in the program, which operates under a federal waiver. But the waiver is set to expire at the end of the year, potentially leaving enrollees without coverage. Pence resubmitted an application with the Centers for Medicare and Medicaid Services in April seeking to use the state's hybrid health savings account plan as the vehicle for Medicaid expansion. CMS rejected an earlier request from former Gov. Mitch Daniels, citing concerns about the premium paid by members and a need for improved coverage. The expansion would cover residents earning up to 138 percent of the federal poverty level, using new funds authorized by Obamacare.
Nyhart Actuary & Employee Benefits plans to invest $840,000 to lease and equip an expansion of its Indianapolis headquarters, and already has started hiring.
Last month, Los Angeles-based film producer/director Steve Zukerman filmed commercials inside an MCL Restaurant and Bakery at Allisonville Road and 86th Street and in the Carmel Arts & Design District.
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
Indianapolis police are investigating multiple business burglaries that took place Monday morning in an office building at the northwest corner of East 86th Street and Allisonville Road. Intruders broke into at least 11 business suites and stole computers and other equipment.
-National Government Services leased 45,021 square feet of office space across two locations, 6335-45 Castleway Court and 8034 Castleway Court. The tenant was represented by Allen Trowbridge of Cresa. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Valley Tire Co. leased 21,116 square feet of industrial space at 4401 Stout Field, South Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Stout Field LLC, in care of The Crawford Troup, represented itself.
-Frank & Kraft leased 6,019 square feet of office space at 135 N. Pennsylvania St. The tenant was represented by Steve Beals and Rich King of Lee & Associates. The landlord, True North Management Group, was represented by Jon Owens and Russell Van Til of Cassidy Turley.
-Leaders Moving leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, LIT Industrial LP, was represented by Bryan Poynter and Fritz Kaufman of Cassidy Turley.
-7E Fit Spa of Zionsville Inc. leased 3,507 square feet at 4545 Northwestern Drive, Zionsville. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Leah and Ruben LLC, was represented by Ashley Bussell of Newmark Knight Frank Halakar.
-Marian Financial Partners Inc. leased 3,250 square feet of office space in Oldefield Commons, 698 Oldefield Commons Drive, Greenwood. The tenant was represented by Cathy Richards of Lee & Associates. The landlord, B&W Holdings LLC, was represented by Keith Turnbill of ReMax Select.
-Transitions Dental leased 3,154 square feet at Lebanon Crossing, 1375 S. Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Monumental Life Insurance Co. leased 2,390 square feet of office space at 3500 Depauw Blvd. The tenant was represented by Allen Schwender of SA Commercial. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-MyNetWire LLC leased 2,288 square feet at Crosspoint Corner 8, 9757 Westpoint Drive. The tenant was represented by Scott Baldwin of Baldwin Cos. The landlord, Shamrock Builders, was represented by Darrin Boyd of Cassidy Turley.
-Traffic Signal Co. leased 2,122 square feet of space at 7202 E. 87th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-7E Fit Spa of Fishers-Noblesville leased 2,000 square feet at 16095 Prosperity Drive, Noblesville. The tenant and landlord, Yeager Properties Inc., were represented by Scott Baldwin of Baldwin Cos.
-All Sports Couture leased 2,000 square feet of industrial space at 9760 Mayflower Park Drive, Carmel. The tenant was represented by Jeff Merritt of Colliers International. The landlord, GlennCo Realty, was represented by Dustin Looper of Colliers International.
-Jimmy John’s Gourmet Sandwiches leased 1,800 square feet of retail space in Georgetown Shoppes, 5620 Georgetown Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, LOR Corp., was represented by Brett Burch and Jeff Daniel of Valenti Real Estate Services Inc.
-Imburgia Orthodontics LLC leased 1,600 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 157, Plainfield. The tenant was represented by Bill Scott of DTZ, a UGL company. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services Inc.
-Holland & Holland LLC leased 1,225 square feet of office space at Lake Pointe IV, 8520 Allison Pointe Blvd. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Sun Life Assurance Co. of Canada, was represented by Stephen Adams and Riley Faulk of Hokanson Cos. Inc.
-Obsession Nail Salon leased 1,200 square feet of retail space in Shoppes of Brownsburg, 56th Street and Northfield Drive, Brownsburg. The landlord, Shoppes of Brownsburg, was represented by Brett Burch of Valenti Real Estate Services Inc. The tenant represented itself.
-Anthony Paganelli leased 1,043 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
The online university offers an affordable opportunity for post-secondary education as opportunities decline for those who never went beyond high school.
Angie’s List turned a profit for the first time in nearly two decades.
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city’s hottest north-side development areas.
The NCAA is overhauling its event bidding format, and in June will bid out 500 championship events to be played over the next four years.
-Allison Transmission leased 127,446 square feet of industrial space at Park Fletcher, 2840 Fortune Circle West Drive. The tenant was represented by Glenn Davis and Ross Reller of Colliers International. The landlord, Duke Realty, was represented by Duke's Kate Willen Ems.
-GVS Filter Technology leased 43,200 square feet of industrial space at 5303 5373 W. 79th St. The tenant was represented by Michael Weishaar of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-Reading Bakery Systems leased 25,340 square feet in Park 100 Building 134, 7451-7543 Winton Drive. The tenant was represented by Glenn Davis of Colliers International. The landlord, Pinchal & Co., was represented by Chip Barnes and Jake Sturman of Jones Lang LaSalle.
-Goelzer Investment Management Inc. renewed its lease for 13,189 square feet of office space at 111 Monument Circle. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, HRPT Lenexa Trust Properties, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-Cisco leased 11,888 square feet at Meridian Mark II, 11711 N. Meridian St., Carmel. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Zeller Realty, was represented by Zeller's Mark Vollbrecht.
-Classic Designs Unlimited LLC leased 10,500 square feet of industrial space at 3250 N. Post Road. The tenant was represented by Kyle Powell of Ambrose Property Group. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.
-AmeriCare Ambulance Service leased 9,600 square feet of industrial space at 4180 N. Elmhurst Drive. The landlord, Carl Weedman Family Trust & Frank T. Kilby Trust, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Relevant Technologies leased 3,848 square feet at Castle Creek IV, 5875 Castle Creek Parkway, North Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, Orix USA, was represented by Matt Langfeldt of Summit Realty Group.
-Market Street Wealth Management Advisors LLC leased 2,872 square feet of office space at 3091 E. 98th St. The tenant was represented by Brooke Sipe of Alliance Commercial Real Estate. The landlord, Brookfield Real Estate Opportunity Fund, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-Helix Medical LLC leased 2,439 square feet of office space at 7301 E. 90th St. The tenant was represented by Randall Tarnow of Mohr Partners. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley.
-Indy EIFS Supply Inc. leased 2,400 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Iron Point, was represented by Bryan Poynter of Cassidy Turley.
-Zico LLC leased 1,500 square feet of industrial space at 8444 W. Castlewood Drive. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
The stakes are lower, but the odds higher, compared with previous mayors who took risks with sports.
Xerox Commercial Solutions LLC renewed its lease for 45,166 square feet at 2710 Enterprise Drive, Anderson. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, First Realty LLC, was represented by Paul Nicholson of First Realty.
Dial America leased 24,010 square feet at 4030 Vincennes Road. The tenant was represented by Denice Michel and Kevin Gillihan of Jones Lang LaSalle. The landlord, CP Vincennes LLC, was represented by Matt Waggoner of Summit Realty Group.
GAI Consultants Inc. leased 7,620 square feet of office space at 6420 Castleton West Drive. The tenant was represented by Adam Broderick of Jones Lang LaSalle. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
Gentiva Health Services leased an additional 5,203 square feet at 8606 Allisonville Road. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Castle Creek Office LLC, was represented by Brian Fitzgerald of Citimark.
rue21 Inc. leased 4,712 square feet of retail space at 1950 2000 E. Greyhound Pass, Carmel. The tenant was represented by Bill French of Cassidy Turley. The landlord, Simon Property Group Inc., represented itself.
Allegient LLC leased 3,904 square feet at 201 W. 103rd Street, Carmel. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Virtu Meridian Associates, was represented by Adam Broderick of Jones Lang LaSalle.
Uniontape Inc. leased 3,079 square feet of industrial space in Stony Creek Business Park, 15260 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Just Wingin' It leased 2,920 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Bill French of Cassidy Turley. The tenant represented itself.
Global Smiles LLP leased 2,620 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, MLMT 2005-LCI Greensburg Crossing LLC, was represented by Cathy Richards, Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Solar America Solutions LLC leased 2,500 square feet at 9239 Castlegate Drive. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Castlegate II Partners LLC., was represented by Tom Frank of Summit Realty Group.
Lunar Construction leased 1,690 square feet of industrial space in Stony Creek Business Park, 15266 Herriman Blvd., Noblesville. The tenant and landlord, Herriman & Keeler, were represented by Herb Feldmann of Lee & Associates.
Jen Daisy Boutique leased 1,400 square feet at Greenwood Springs Shopping Center, 1279 Emerson Ave., Greenwood. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
KAJ LLC leased 1,200 square feet of retail space in Greenbriar Shopping Center, 1321 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods, Burlington Coat Factory and Shoe Carnival.
