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Leases/leasing contracts

-Hustler Turf leased 38,688 square feeet at Franklin Road Distribution Center, 221 S. Franklin Road. The tenant was represented by JD Graves of CBRE. The landlord, DCT Industrial Trust Inc., was represented by Jeremy Woods and Andrea Hopper of Summit Realty Group.

-Ernst & Young renewed its lease for 35,661 square feet in Chase Tower. The tenant was represented by Denice Michel and Michael Corr of Jones Lang LaSalle. The landlord, CW Monument Circle Inc., was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.  

-The Room Place leased 14,998 square feet at Greyhound Plaza, 14610-14790 N. U.S. 31, Westfield. The tenant was represented by Bill Mass of Mass Realty. The landlord, The Broadbent Co., was represented by Joe Kenney of Broadbent.

-Northwestern Mutual leased 6,464 square feet of office space at 965 Emerson Parkway, Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Allen Commercial Group, represented itself.

-Hoover Custom Homes leased 6,000 square feet of industrial space at 7723 Loma Court, Fishers. The tenant was represented by Cameron Kucic of Summit Realty Group. The landlord, Provost Contracting Co., was represented by Bryan Poynter of Cassidy Turley.
 
-180 Skills LLC leased 4,003 square feet of office space at 6640 Intech Boulevard. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, Lauth Property Group, was represented by Jack Hogan of Jones Lang LaSalle.

-River Valley Resources Inc. leased 3,300 square feet at 1375 W. 16th St. The landlord, Pine Street Properties LLC., was represented by Cam Kucic, Jason Speckman, and Rich Forslund of Summit Realty Group. The tenant represented itself.

-First Watch Restaurant leased 3,036 square feet at Willow Lake West, 2902 W. 86th St.  The tenant was represented by Allison Hawley and Don Williams of Cassidy Turley. The landlord, USRP Willow West LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Mastec North America leased 2,347 square feet of industrial space at 9855 Crosspoint Blvd. The tenant was represented by Andrew Follman of NAI Meridian Real Estate Services. The landlord, Clarion Partners, was represented by Bryan Poynter and Fritz Kauffman of Cassidy Turley.

-IRC Music Inc. leased 1,400 square feet of office space at 8120 8160 W. Castleway Court. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Bay Restaurants LLC , doing business as Yats, leased 1,404 square feet of space at Hamilton Town Center, Noblesville. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Simon Property Group, was represented by Simon's Lorene Wright.
 
-Mary Kay leased 1,000 square feet at Washington Shoppes, 10021 E. Washington St. The landlord, The Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.

Sales/acquisitions

-Ting LLC bought the 32-unit apartment building at 3603 Washington Blvd. known as The Regal. The buyer was represented by independent broker Joey Guard. The seller, Axia Urban, was represented by Amy Burmeister and Adam Egret of Summit Realty Group.

-CES Investments LLC bought a 10,650-square-foot industrial property at 2260 Profit Drive. The buyer was represented by Michael Wernke and Maria Stein of Marcus & Millichap. The seller, Cole Incorp., was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.

Brizzi hit with another legal malpractice suit

Defrocked Secretary of State Charlie White has sued Carl Brizzi, the former Marion County prosecutor who represented White during a criminal case that led to his removal from office.

Report: Bennett changed GOP donor’s school grade

Former Indiana school Superintendent Tony Bennett and his staff scrambled last fall to ensure influential donor Christel DeHaan’s charter school received an “A,” despite poor test scores in algebra that initially earned it a “C.”

ISTEP disruptions had no impact on scores, review finds

The report released Monday by the Indiana Department of Education shows nearly 143,000 students in grades three through eight had at least one part of their test interrupted when server glitches kicked them offline.

City Securities paying $580,000 to settle SEC probe

The SEC said the Indianapolis investment firm and a southern Indiana school district made false statements to bond investors. The agency also said the head of City's municipal bond division, Randy Ruhl, provided improper gifts to bond issuers.

Zotec Partners plans $200 million acquisition

Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.

People

Wishard Health Services named Parveen Chand its chief operating officer. Chand most recently served as COO at Creighton University Medical Center in Omaha, Neb. Chand will help Wishard, which is changing its name to Eskenazi Health, to open its new Sidney & Lois Eskenazi Hospital in December. Chand holds a bachelor’s degree in biology from St. Louis University and a master's degree in health administration from the Washington University School of Medicine.

Company news

Indianapolis-based ApeX Therapeutics Inc. has raised $2.5 million to fund clinical trials of an experimental childhood leukemia drug. The fundraising, disclosed in a filing with the U.S. Securities & Exchange Commission, was partly funded by Indianapolis-based BioCrossroads’ Indiana Seed Fund II. ApeX’s drugs are based on the work of Mark Kelley, a researcher at the Indiana University School of Medicine.

WellPoint Inc. CEO Joe Swedish predicted July 24 that the Indianapolis-based company’s operating revenue will soar nearly 27 percent over the next three years, to a whopping $90 billion, up from about $71 billion this year. He added that he expected the revenue growth to also come with compounded growth in annual profit of 4 percent to 6 percent per year—even before any acquisitions. Previously, there were concerns both inside and outside WellPoint because a huge portion of the company's profit comes from its plethora of small employer customers. With Obamacare creating new online exchanges later this year for those small employers, it looked like WellPoint would struggle to compete with more health insurers and in unfamiliar markets, just to hold its profit steady. But now, most health insurers are just focusing on the local markets where they are already strong, WellPoint officials said—rather than trying to steal business from their peers. And WellPoint thinks its well-recognized brand and established relationships in local markets will win the day in the exchanges. In addition, WellPoint expects growth to come as half of the 14 states in which WellPoint operates its Blue Cross and Blue Shield plans expand their Medicaid programs. WellPoint’s 2012 acquisition of Amerigroup Corp. is helping WellPoint move from an employer-focused company to one with a competitive business for managing government-funded health plans.

Sales grew but profit fell in the second quarter at Dow AgroSciences LLC, the company reported July 25. The Indianapolis-based ag biotech firm racked up nearly $1.9 billion in revenue in the quarter, an increase of 10 percent from the same period a year earlier. Quarterly profit totaled $290 million before accounting for interest, taxes, depreciation and amortization—down from last year’s second-quarter record of $307 million. Sales of crop-protection products rose 12 percent, driven by large gains in Latin America, where sales of new crop-protection products grew 14 percent. Dow AgroSciences is a unit of Michigan-based Dow Chemical Co.

Zimmer Holdings Inc. saw second-quarter earnings slump 29 percent as the orthopedic-device maker set aside an additional $47 million to cover the cost of lawsuits related to its Durom hip cups, according to the Associated Press. The Warsaw-based company stopped marketing the products in 2008 and has put more than $400 million in reserve to cover potential legal costs, including $108 million in the fourth quarter of 2012. Earnings fell to $152.1 million, or 89 cents per share, from $214.5 million, or $1.22 per share, a year ago. If the legal reserve charge and other one-time items are excluded, Zimmer said, its earnings rose to $1.43 per share from $1.34 per share. Revenue increased 4 percent, to $1.2 billion. Zimmer narrowed its profit guidance for the year and now expects to earn $5.70 to $5.80 per share. The company had previously projected adjusted profit of $5.65 to $5.85 per share.

Eli Lilly and Co. earned $1.2 billion in the second quarter, an increase of 31 percent compared with the same quarter last year, the drugmaker reported July 24. Earnings per share totaled $1.11, compared with 83 cents a year ago. Because it outperformed analysts’ expectations, Lilly hiked up its profit expectations for the year by a range of 13 cents to 18 cents per share. The company now expects to earn $4.28 to $4.38 for the year. In the second quarter, Lilly was able to boost its sales 6 percent worldwide, to $5.9 billion. Lilly’s best-selling drug, the antidepressant Cymbalta, is set to lose its U.S. patent protection in December, after which its sales will switch to cheaper generics. Sales of Cymbalta grew 22 percent in the second quarter, to nearly $1.5 billion. Lilly is hoping to win approval on new diabetes and cancer drugs to offset those coming hits to its sales.  Lilly expects a 20-percent reduction in revenue in 2014 because of the U.S. expiration of the Cymbalta and Evista patents.

WellPoint Inc. earned $2.64 per share in the second quarter, the health insurer reported July 24. Excluding investment gains, WellPoint earned $2.60 per share, a 27.5-percent increase over the same quarter a year ago. WellPoint raised its full-year profit forecast 20 cents per share, excluding the impact of investments, to $8 per share. Overall profit for the quarter rose 24 percent from a year ago, to $800.1 million, as WellPoint’s customers continued to file modest amounts of medical claims. WellPoint spent 83.9 percent of its premium revenue on claims, a tick higher than in the first quarter but well below its predicted level of 85.5 percent for the year. WellPoint’s revenue for the quarter rose 16 percent, to $17.8 billion. WellPoint provided health benefits for 35.7 million Americans at the end of June, more than any other company in the United States.

Developer puts key Zionsville parcel under contract

The vacant piece of land on the southwest corner of Main and Sycamore streets, once home to a Citgo gas station, is viewed as a vital link between the historic village and development to the south.

Police nab 23 at Brickyard 400

Speedway police say they arrested 23 people over the Brickyard 400 weekend. Six arrests were for public intoxication and five others were for theft. Others were taken into custody for existing warrants, battery and other charges.
 

Toddler hit by van, dies

A 1-year-old Indianapolis girl was killed Sunday evening when she was struck by a van in the 3200 block of West Michigan Street. A relative identified the toddler as MacKenzie Abigail Renee Campos. The girl had been playing in her front yard just before the accident.
 

Man dies in I-65 crash

An Indianapolis man died Monday when his car crashed into the back of a semi on Interstate 65 near 71st Street about 3 a.m. Investigators say the truck driver drove a short distance before realizing a BMW was wedged under his trailer. Alfonso Rios Garcia, 29, was pronounced dead at the scene. Northbound lanes of I-65 were closed for a few hours after the incident.