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Aldi (Indiana) LP leased 2.58 acres at 284-310 S. State Road 135, Greenwood. The tenant was represented by Jim Abel of Lee & Associates. The landlord, Union Streams LLC, was represented by David Ellis of Fenway Real Estate Services. Information for this deal was incomplete in last week's Real Estate Weekly.
A bill that would sideline the state’s energy-efficiency program was sent to the governor Monday, but Indiana lawmakers are still mulling bills that would relax gun regulations in school parking lots and make some welfare recipients undergo drug-testing.
Outside of Indianapolis, many Indiana cities aren’t experiencing the same transit trend that saw more Americans using public buses, trains and subways in greater numbers in 2013.
The 36,000-square-foot building will house 27,000 square feet of office suites. The remainder will be retail, with the local Jockamo's Pizza chain slated to open a restaurant in the largest space.
Once that coal is gone, the plant will be fueled by natural gas. Three of the plant's boilers have already been converted to natural gas and the final boiler will be converted by June.
This off-season's Indianapolis Colts season ticket renewal rate will come in near 10 percentage points higher than it was just two years ago. Very few if any single-game tickets are expected to be available for the upcoming season.
Obama’s latest delay of Obamacare insurance rules could sabotage the law’s exchanges. The president must be counting on Republican critics, like Indiana Insurance Commissioner Stephen Robertson, to stop him.
After private equity firms paid $11.4 billion for Biomet Inc. just months before the onset of a prolonged downturn, they are now trying to take the company public when U.S. consumer sentiment is on the upswing.
Dow AgroSciences LLC predicts its $7 billion in annual sales will double over the next five to 10 years as it launches 13 new products by 2018. The biggest of those products is expected to be its Enlist Weed Control System, which is set to hit markets in 2015. Enlist kills weeds that have grown resistant to glyphosate, the active ingredient in the popular Roundup herbicide developed by competitor Monsanto Co. The new products stem from a bevy of R&D activity at Dow Agro’s headquarters at West 96th Street and Zionsville Road. The company had nearly 3,500 patents worldwide at the end of 2013, up from 2,800 just a year earlier, according to Securities and Exchange Commission filings. The global market for agricultural technology is valued at $100 billion and is set to explode as the human population swells from the current 7 billion to an anticipated 9 billion by 2050.
The University of Indianapolis is negotiating with developers to finance a $22 million to $30 million health sciences center adjacent to its south-side campus. UIndy would be the main tenant in the 134,000-square-foot building, which is slated to open in August 2015 on the southwest corner of Hanna and State avenues. UIndy officials declined to name the developers it is talking to, but said it would select one this spring. In addition, UIndy plans to release a request for proposals at the end of March to health agencies or hospital systems to potentially open clinical space in the center or operate a partnership with the university to study and improve health disparities in the city and state. On a parallel track, UIndy is talking to other health care providers about opening a presence in the new building. According to UIndy President Robert Manuel, the school has had talks with one provider that operates 250 clinics around the Midwest. Roughly 34,000 square feet of the building is earmarked for those partners, Manuel said.
Empagliflozin, a diabetes pill developed by Eli Lilly and Co. and Boehringer Ingelheim GmbH, was rejected by U.S. regulators because of unresolved manufacturing deficiencies at a German plant, Bloomberg News reported. The U.S. Food and Drug Administration inspected Boehringer’s Ingelheim am Rhein facility in 2012 and warned the company of the faults in May 2013. No new clinical studies will be needed to approve the drug. The FDA re-inspection of Boehringer’s plant is continuing, said company spokeswoman Emily Baier. It could take up to six months after the inspection for the FDA to decide whether the problems have been fixed. Empagliflozin is part of a class of drugs that includes Johnson & Johnson’s Invokana and AstraZeneca Plc’s Forxiga. The drugs help the body get rid of sugar through the kidneys. The Lilly-Boehringer drug is projected to reach sales of $295 million for Lilly in 2019, according to analyst estimates compiled by Bloomberg.
A moratorium on the construction of nursing homes in Indiana is now in a legislative conference committee, where lawmakers will seek a compromise between a five-year Senate version and a one-year version passed by the House. Rep. Tim Brown, R-Crawfordsville, said the moratorium called for in Senate Bill 173—through June 30, 2015—would save money for the state, as well as nursing home facilities, according to The Statehouse File. Hospitals and facilities with fewer than 10 beds would be exempt from the moratorium. The bill would not affect assisted-living homes or the transfer of Medicaid beds. Brown said Indiana's nursing homes aren’t full and that the state is paying a part of those fixed costs. But Rep. Todd Huston, R-Fishers, called the bill an “over-the-top solution to a market-based problem.”
Health insurers such as Indianapolis-based WellPoint Inc. and Louisville-based Humana Inc. stand to receive $5.5 billion next year to cover losses from Obamacare in a program the law’s opponents label a bailout, according to Bloomberg News. The money, outlined in President Barack Obama’s proposed budget for the fiscal year that begins in October, is designated to help insurers who find the cost of the law higher than expected, based on the percentage of older, sicker people who sign up compared with younger enrollees. Under the Patient Protection and Affordable Care Act, insurers who record a profit of 3 percent or more on their Obamacare business would put some of the gains into a government-controlled fund. Companies whose claims cost at least 3 percent more than their premium revenue can access the money. The administration expects to collect enough from profitable insurers to cover the costs of payments to other companies in the risk corridors program, Emily Cain, a spokeswoman for the U.S. Office of Management and Budget, said in an email.
Mary Kitchen has joined Eskenazi Health as chief financial officer. Kitchen previously worked at Health & Hospital Corporation of Marion County as assistant treasurer. Kitchen earned a bachelor’s degree in accounting from Indiana Central University, now known as the University of Indianapolis. She also earned her MBA from University of Indianapolis.
Dr. Shabnam Moshref, an internist, has joined Community Physician Network in Indianapolis. She completed her medical training at Lake Erie College of Osteopathic Medicine in Erie, Pa.
Dr. Theresa Suozzi, a family physician, has joined Community Physician Network in Indianapolis. She previously practiced medicine in Connecticut. She completed her medical degree at Indiana University School of Medicine.
Hamilton County commissioners aren’t just working on a plan to install rooftop solar panels on some public buildings. They’re also looking to take their energy-savings efforts on the road, with vehicles that run on compressed natural gas.
Re-examination of the scope of the not-for-profit group’s project has stalled progress on a three-way property exchange that would clear the way for a massive apartment project on Massachusetts Avenue.
The Indiana University Public Policy Institute is analyzing proposed sites for a Marion County Criminal Justice Complex and may reveal its findings by the end of this week.
Day care providers would face greater child health and safety regulations if they choose to take taxpayer money under a bill being considered by the General Assembly.
Final lawmaker negotiations are set to begin on a bill that would allocate $200 million for Indiana transportation projects.
A regional chapter of the Audubon Society says the proposed Mounds Lake Reservoir would hurt the natural environment near Anderson.
Did you catch “Ghost” at the Murat? Stephanie J. Block at the Cabaret? What did you see over the weekend?
Indiana lawmakers have only a few more days this week before they wrap up the 2014 legislative session. But that doesn't mean they're totally done for the year.
