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Ivy Tech trustee resigns over raunchy emails

V. Bruce Walkup resigned Monday night, saying he didn’t want his “actions to overshadow the tremendous work of the faculty, staff and students at Ivy Tech.”

Construction

-Mattingly Construction has begun construction of a 4,200-square-foot office build-out for Flotronix in the Promise Road Business Park at 12574 Promise Creek Lane, Fishers.

-Kort Builders has completed a 2,500-square-foot build-out for SMS Office at 8739 Castle Park Drive.

-Capitol Construction has completed a 9,000-square-foot office expansion for Kronos at 101 W. Washington St.

Residential

The average rate for 30-year mortgages rose from 4.39 percent to 4.42 percent in the week ended Oct. 16, according to Bankrate.com. The rate for 15-year mortgages rose from 3.47 percent to 3.49 percent.

Leasing, leasing contracts

-Merrill Lynch leased an additional 16,899 square feet and renewed its lease for 38,145 square feet at Five Parkwood, 500 E. 96th St. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.

-Kohl’s Department Stores Inc. leased 9,434 square feet at 1729 S. U.S. 31, Greenwood. The landlord, 1729 S. US 31 LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.                 

-Aerotek renewed its lease for 8,040 square feet of office space at Five River Crossing, 8558 N. River Road. The tenant was represented by Jamie Smith and Russell Van Til of Cassidy Turley. The landlord, an affiliate of PK Partners, represented itself.

-Preferred Financial Solutions Inc. leased 6,423 square feet of industrial space at 5665 W. 74th St., Building 117. The tenant was represented by Glenn B. Davis of  Colliers International. The landlord, Duke Realty, was represented by Duke's Adam Seger.

-Crossroads Brewing Co. leased 5,800 square feet at Country Center, 1140 N. State Road 135, Greenwood. The landlord, TCP Greenwood, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-TurningPoint leased 4,545 square of retail space at Five River Crossing, 8558 N. River Road. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, an affiliate of PK Partners, represented itself.  
 
-Franklin American Mortgage Co. leased 2,539 square feet of office space at Five River Crossing, 8558 N. River Road. The landlord, an affiliate of PK Partners, was represented by John Vandenbark of CBRE. The tenant represented itself.

-Applied Marketing leased 2,522 square feet at 550 Congressional Blvd. The tenant was represented by Nick Svarczkopf of CBRE Inc. The landlord, 550 REI-Perennial LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Qdoba Mexican Grill renewed its lease for 2,200 square feet at Emerson Commons, 6905 S. Emerson Ave. The landlord, Emerson Commons Way LLC, was represented by Larry Davis of Sitehawk Retail Real Estate. The tenant represented itself.

-Barre 2K LLC, doing business as The Bar Method, leased 2,173 square feet of office space at 10425 Commerce Drive, Carmel. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, West Carmel CP I LLC., was represented by Tom Ott of Coastal Partners LLC.

-Starbucks leased 2,000 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, an affiliate of PK Partners, was represented by Bryan Chandler of Eclipse Real Estate.

-Red Wing Shoes leased 1,673 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Bowman Elder of Vernick & Associates Ltd. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.  

-Jersey Mikes leased 1,400 square feet at Merchants Pointe, 2271 Pointe Parkway, Carmel. The tenant was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate. The landlord, Cranfill Development, was represented by Michael Cranfill of Sitehawk Retail Real Estate.

-Chocolate for the Spirit leased 1,200 square feet of retail space at 301 E. Carmel Drive, Carmel. The landlord, Carmel-301 LLC, was represented by Kevin Dick and Paul Dick of Colliers International. The tenant represented itself.

-Kitchen Masters leased 1,154 square feet at Greendale Shopping Center, 789 U.S. 31 North, Greenwood. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Greendale LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
 
-Dottie Couture leased 950 square feet of retail space at Five River Crossing, 8558 N. River Road. The tenant was represented by Allison Hawley of Niessink Commercial. The landlord, an affiliate of PK Partners, represented itself.

Sales & acquisitions

-Chef Suzanne LLC bought a 1,203-square-foot office building at 12550 Promise Creek Lane, Fishers. The buyer was represented by Roger Kessler of Logan Limited. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International.

-Nash Finch bought a 168,350-square-foot industrial building at 3963 Vernal Pike, Bloomington. The seller, Hallmark, was represented by Dustin Looper of Colliers International. The buyer represented itself.

-3IB LLC bought a 77,876-square-foot industrial property at 6902 Hawthorn Park Drive. The buyer was represented by Larry Mitchell of R.P. Lux Co. The seller, Hawthorn Real Estate LLC, was represented by Fritz Kauffman of Cassidy Turley.

Frost warning issued for area

The National Weather Service has issued a freeze watch for roughly the northern third of Indiana for Tuesday morning. The state’s central third will be under a frost warning. The weather service says a cold front moving across the state Monday could push low temperatures in parts of northern Indiana to 29 degrees early Tuesday. That could kill sensitive outdoor plants.
 

Man dies in hit-and-run

Indianapolis police are looking for the driver who hit and killed a pedestrian about 3:15 a.m. Monday at Meridian and 22nd streets. A witness said a silver or black car drove from the scene. The victim was described as a male in his 50s.
 

Wayne might be done for season

ESPN is reporting that Indianapolis Colts receiver Reggie Wayne won’t be back this season after the knee injury he suffered in Sunday night’s 39-33 home victory over the Denver Broncos. Wayne was injured with 7:15 left in the game. The 34-year-old receiver was scheduled to undergo an MRI on Monday. Wayne has played in 189 straight NFL games.
 

VC headwinds continue for life sciences firms

Indiana life sciences companies trying to raise venture capital continue to do so with a national wind in their faces, according to the third-quarter venture capital data.

People

Dr. Jihan Huggins, a family physician, has joined Community Physician Network, a part of the Community Health Network hospital system, in Indianapolis. She earned her medical degree at Indiana University School of Medicine.

Dr. Valerie Moss, an OB/GYN, has joined Community Physician Network in Anderson. She holds a medical degree from the University of Louisville.

Dr. Richard Ofstein, a vascular surgeon, has joined Community Physician Network in Indianapolis. He earned his medical degree at the University of South Dakota School of Medicine.

Dr. Ashlie Stallion, a pediatrician, has joined Community Physician Network in Indianapolis. She completed her medical degree at the Indiana University School of Medicine and her pediatric residency at Riley Hospital for Children.

Gretchen Gutman has joined Bloomington-based Cook Group as vice president of public policy. She most recently served as associate vice president for governmental relations at Ball State University. She spent eight years as chief advisor to the Senate Finance Committee of the General Assembly and was a partner at the law firm Taft Stettinius & Hollister LLP in Indianapolis, where she worked with Cook on state-government policy. Gutman holds a bachelor’s in history and a master’s in public affairs from Indiana University-Bloomington. She earned her law degree from the IU School of Law in Indianapolis.

Company news

WellPoint Inc.’s third-quarter earnings report will get extra scrutiny after industry bellwether UnitedHealth Group disappointed investors last week and after the technical failures of the Obamacare exchanges. According to the Associated Press, Minnesota-based UnitedHealth’s third-quarter profit inched up just 1 percent compared with the same three-month period a year ago. UnitedHealth executives then narrowed the company’s full-year profit forecast, rather than raising it. That sent the stock prices of UnitedHealth, WellPoint and other health insurers tumbling. WellPoint shares had been trading near their all-time high of $90 apiece, buoyed by strong predictions about new revenue the company expects to glean from Obamacare. That has raised investors expectations for health insurers profit growth, said Citi analyst Carl McDonald. Enrollment started Oct. 1 in new public insurance exchanges that are part of President Obama’s health care overhaul. Indianapolis-based WellPoint won't have exchange enrollment data to share next week, but investors expect it to provide some insight into how enrollment has gone. Wall Street analysts expect WellPoint to post third-quarter profit of $1.81 per share, which would be a decline from the same quarter a year ago, and revenue of $17.7 billion.

Indiana could lose $63 million in payments next year from the 1998 tobacco settlement after an arbitration panel determined it had not worked hard enough to collect funds from cigarette companies that aren’t part of the deal. According to TheStatehouseFile, the ruling by a three-judge panel will reduce Indiana’s payment from $131 million to $68 million in 2014. And that’s just for claims from 2003; the years 2004 through 2012 remain in dispute. The state uses tobacco settlement payments to fund various public health programs. For the next two years, the state can make up the lost money out of its $2 billion surplus, said Senate Appropriations Chairman Luke Kenley, R-Noblesville. But Kenley has encouraged the Indiana Attorney General’s office to appeal the decision because an extended reduction in payments would have to be considered in future budgets. Forty-six states, including Indiana, signed what was called a master settlement agreement in 1998 with four of the largest cigarette manufacturers in the United States. Since then, roughly 40 other tobacco companies have joined the settlement, which requires the companies to make annual payments to states.

Nutrabiotix LLC, based in Purdue Research Park in West Lafayette, has received a $2.5 million federal grant to develop a fiber to help patients with irritable bowel syndrome. The fiber was created by Purdue food science professor Bruce Hamaker and Dr. Ali Keshavarzian, a gastroenterologist at Rush University Medical Center in Chicago, where the fiber has undergone two human clinical trials. Nutrabiotix received its latest funding from the National Institute of Diabetes and Digestive and Kidney Diseases, which is part of the National Institutes of Health and the U.S. Department of Health and Human Services. Nutrabiotix received another grant from NIH in 2010 for $250,000.

Ex-Indiana official questions Brizzi’s health

Indiana's former elections chief raised questions about his attorney's health during his 2012 voter fraud trial and said he thought it was "a joke" that his defense strategy was to call no witnesses.

Study: 15 percent of U.S., Hoosier youth out of school, work

Indiana finished 35th among states on the report's Opportunity Index, mostly because of a subpar score in education. The percentage of Hoosiers ages 16-24 not in school or not working mirrored the national average of nearly 15 percent.