Pacers post solid attendance gains in regular season
Despite the negative noise this year about Pacers home attendance, the team had its second consecutive season increase. Revenue from tickets and sponsorships also rose.
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Nora pharmacy recalls compounded drugs
A pharmacy that makes specialty medications is recalling nearly 100 compounded drugs after federal regulators found potential safety problems during an inspection.
After raid, pet store owner agrees to quit selling animals
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
Young & Laramore launches all-digital campaign for Scotts
The growing preference for online-based advertising, exemplified by Y&L’s new campaign for the national lawn-care service, is helping sow the seeds of traditional media’s decline.
Prime Zionsville land inching toward development
Zionsville officials are working toward a late-May deadline for wrapping up a complicated plan to buy 91.3 acres of property from Dow Chemical Co.—clearing the way for commercial development worth an estimated $55 million.
Bill OK’d that grants Indiana tuition to some immigrants
Supporters say the change would help a couple of hundred students who had the rules changed on them after they had already started work on their college degrees.
Boots says live dealers dispute won’t kill gambling bill
Lawmakers remain at odds over whether a bill meant to bolster the gambling industry in Indiana should authorize live dealers at the state’s horse track casinos.
Indiana lawmakers approve looser superintendent rules
School district superintendents would no longer have to hold an Indiana superintendent's or teacher's license under a proposal that won final legislative approval on Monday.
Senate bill jeopardizes tax-free online shopping
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
Construction
Capitol Construction has completed a 2,800-square-foot retail build-out for Yo Yo Yogurt at 6685 E. State Road 334, Zionsville.
People
Former Simon Property Group executive Dennis Carafiol has joined LIDS Sports Group as vice president of real estate and construction.
Residential
The average rate for 30-year mortgages fell from 3.64 percent to 3.61 percent for the week ended April 17, according to Bankrate.com. The rate for 15-year mortgages fell from 2.89 percent to 2.85 percent.
Leases/leasing contracts
-Jones Lang LaSalle has been named exclusive leasing agent for Coastal Commerce Center, a 590,000-square-foot warehouse facility at 6550 E. 30th St.
JLL's Jake Sturman and Steve Schwegman will direct marketing and leasing for owner Coastal Partners LLC.
-Purina Animal Nutrition LLC leased 47,810 square feet of industrial space at 1700 Industries Road. The landlord, Coca-Cola Refreshments USA Inc., was represented by Dustin Looper of Colliers International. The tenant represented itself.
-Regus leased 14,236 square feet at Crosspoint Plaza One, 10475 Crosspoint Blvd. The tenant was represented by Nick Arterburn of CBRE. The landlord, Lexington Crosspoint LP, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Hino Oishi Hibachi & Sushi leased 5,000 square feet of retail space in Maplecrest Commons, 10491 Walnut Creek Drive, Carmel. The tenant was represented by Jamison Downs of Veritas Realty. The landlord, Maplecrest Commons LLC, was represented by Liz Yoho of Providence Development LLC.
-Egg and I leased 4,200 square feet at Merchants Pointe, 2271 Pointe Parkway, Carmel. The tenant and landlord, Cranfill Development Corp, were represented by Michael Cranfill of Sitehawk Retail Real Estate.
-Critical Skills dba Cspring leased 3,466 square feet at 150 W. Market St. The tenant was represented by Peter Pizarro of F.C. Tucker Co. Inc. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Entap Inc. leased 3,225 square feet at 150 W. Market St. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Rose Foot Spa leased 2,400 square feet of retail space in Fishers Crossing, 7248 Fishers Crossing Drive, Fishers. The tenant was represented by Karen Yan of Best Value Realty. The landlord, Viking Partners Fishers LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty.
-Automobile Dealers Association of Indiana renewed its lease for 2,330 square feet at 150 W. Market St. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
-Bollinger Lach & Associates leased 1,928 square feet at Castle Creek III, 8720 Castle Creek Parkway. The landlord, ORIX USA Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.
-Yummy Yogurt Indy dba Orange Leaf leased 1,649 square feet of retail space at Valley Ridge Shops, 5220 E. Southport Road. The tenant was represented by Beth Patterson of Colliers International. The landlord, Valley Ridge Shops LLC, was represented by Jacqueline Haynes of Cassidy Turley.
-Capitol Assets renewed its lease for 1,521 square feet at 150 W. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Fannie May Fine Chocolates leased 1,440 square feet of retail space at 8270 E. 96th St., Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, Glendale Partners of North by Northeast II LLC, was represented by Kyle Hughes and Paul Rogozinski of Veritas Realty.
Sales/acquisitions
-2451 N. Delaware LLC bought the neighboring mixed-use property at 2453 N. Delaware St. The buyer was represented by Kelly Lavengood of F.C. Tucker Co. The sellers, Valdis and Sherry Minkis, were represented by Sherry Minkis of MacDuff Realty Group.
-First Internet Bank bought 12.3 acres of land at Lantern Road and USA Parkway, Fishers. The buyer was represented by Aasif Bade of Ambrose Property Group. The seller, St. Vincent Health, was represented by Mike Semler of Cassidy Turley.
-Shamrock Builders bought 8.12 acres of land at Easy Street and Office Centre Drive, Fishers. The seller, Old National Bank, was represented by Bill French of Cassidy Turley. The buyer represented itself.
-First Internet Bank bought a 49,705-square-foot office building at 11201 USA Parkway, Fishers. The buyer was represented by Aasif Bade of Ambrose Property Group. The seller, Lillibridge Healthcare Real Estate Trust, was represented by Mike Semler and Rebecca Wells of Cassidy Turley.
Bids to redevelop MSA site top out at 52 stories tall
The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
Revoked charters could be forgiven $12M in loans
Seven schools whose charters were revoked by Ball State University in January would be absolved of payments along with another school which did not seek to renew its charter.
Banks scale back real estate needs as transactions shift online
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
Race for the Cure participation declines again
This year's Komen Race for the Cure in Indianapolis fell to 21,380 participants—a 22-percent drop from a year ago—a top organizer said.
Mercer courts employers with private exchange
Mercer Marketplace will offer health coverage from four companies—Aetna Inc., Cigna Corp., UnitedHealthcare and Anthem Blue Cross and Blue Shield.
Company news
The Indiana Health Information Exchange Inc. is now ready to go national after its for-profit subsidiary licenses medical records and information software from Indianapolis-based Regenstrief Institute Inc. The IHIE was spawned from Regenstrief in 2004 to make medical records available on an as-needed basis to hospitals and doctors around Indiana, and now serves 94 hospitals in Indiana and 25,000 physicians in 17 states. Those services are known as the Indiana Network for Patient Care and DOCS4DOCS. The IHIE is now looking to raise about $20 million over three years to take the services around the country, where federal incentives are spurring hospitals and doctors to exchange medical records digitally. “Health care is an information business,” said Dr. Bill Tierney, CEO of Regenstrief. He added, “This new level of partnership with IHIE and its new for-profit subsidiary allows us to impact the lives of Americans living far beyond Indiana’s borders.”
Indianapolis-based StepStone Angels has formed a chapter of angel investors in Bloomington. The group was kickstarted by Ron Walker and Dana Palazzo of Bloomington Economic Development Corp. and will be led by Tony Armstrong, CEO of Indiana University Research & Technology Corp. An initial meeting in February drew investors from Bloomington and Jasper. StepStone, formed in 2009, also has chapters in Anderson, Indianapolis, Lafayette and Warsaw. The group encourages presentations from life sciences and technology companies seeking $100,000 or more.
The top awards in local architecture this year all went to health care facilities. The Indianapolis chapter of the American Institute of Architects gave its excellence awards April 18 to Indianapolis-based Axis Architecture + Interiors for designing People’s Health Network clinic on the near-east side. Also receiving an excellence award was Indianapolis-based BSA LifeStructures for the expansion and renovation of Franciscan St. Francis Health’s Indianapolis hospital. And a third excellence award winner was krM Architecture+ of Anderson for its design of a health care simulation lab at Ivy Tech Community College.