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Ironworks project gets key city approval
The city's Metropolitan Development Commission approved a Wisconsin developer's plan for a $30 million apartment and retail project to be built on the site of the former Woodfield Centre retail strip.
Ambrose snags large industrial deal
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
LEADING QUESTIONS: Mainstreet CEO masters efficiency
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail on your smart phone? What's it like to take a company public? The real estate exec has answers.
Indiana House backs drug tests of welfare recipients
Some welfare recipients would face drug testing under a proposal that's been approved by the Indiana House.
Milliman: HIP could save $156M a year
The actuarial firm hired by the state estimates savings of about $156 million per year if Indiana uses its Healthy Indiana Plan to expand Medicaid coverage.
IU, Marian set to launch wave of docs
Between the new Marian college of medicine and an enrollment expansion at the Indiana University School of Medicine, the state will have 88 percent more med students by next fall.
ITT Educational shares sink after SEC seeks loan documents
Shares of ITT Educational Services Inc., one of the country's largest for-profit colleges, tumbled nearly 17 percent Monday after it disclosed that U.S. regulators subpoenaed documents related to private loan programs for its students.
Construction
-Capitol Construction has completed a 6,000-square-foot office build-out for Mycomputercareer.com at 8909 Purdue Road.
-Capitol Construction has completed a 4,000-square-foot office build-out for Staples at 8909 Purdue Road.
-Capitol Construction has completed a 9,100-square-foot office remodel for Wild Birds Unlimited at 11711 N. College Ave., Carmel.
Residential
The average rate for 30-year mortgages rose from 3.79 percent to 3.80 percent in the week ended Feb. 20, according to Bankrate.com. The rate for 15-year mortgages was steady at 3.02 percent.
Leases/leasing contracts
-Click Ship Commerce leased 25,850 square feet at Hillsdale Business Park, 7700 N. Shadeland Ave. The tenant was represented by Brian Buschuk of Jones Lang LaSalle. The landlord, Hillsdale Property Co. LLC, was represented by Jack Hogan and Kevin Gillihan of Jones Lang LaSalle.
-DialAmerica Marketing Inc. leased 24,012 square feet at 4030 Vincennes Road. The tenant was represented by Kevin Gillihan and Denice Michel of Jones Lang LaSalle. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-KBD Inc., dba Kitchens by Design, extended its lease and expanded to a total of 7,146 square feet of retail space in Nora Corners, 1530 E. 86th St. The tenant was represented by Brett Burch of Valenti Real Estate Services Inc. The landlord, DLC Management Corp., represented itself.
-Mackenzie River Pizza leased 5,500 square feet at The Corner, 11600 Westfield Blvd., Carmel. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, Corner Associates LP., was represented by Blake Beaver of Kite Realty Group.
-AECOM leased 4,947 square feet at 4030 Vincennes Road. The tenant was represented by Tim Craft of CBRE. The landlord, Coastal Partners LLC, was represented by Tom Hadley and Matt Waggoner of Summit Realty Group.
-Garrison Law Firm LLC leased 4,268 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick of Colliers International. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Pittsley Investment Group leased 4,029 square feet of office space at 9100 Keystone Crossing. The tenant was represented by Jonathan Hardy and James Shook of Coldwell Banker Commercial Realty Services. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Laboratory Corp. of America leased 2,966 square feet at Shadeland Medical Building, 7914 N. Shadeland Ave. The landlord, Medical Shadeland Office LLC, was represented by Scott Levinson of Urbahns Property Group. The tenant represented itself.
-Accelerated Health Systems LLC leased 2,875 square feet at Cumberland Pointe Marketplace, 15887 N. Cumberland Road, Noblesville. The tenant was represented by Jonathan Sharp of Sharp Commercial Corp. The landlord, Cumberland Pointe Retail Commons LLC, was represented by Scott Levinson of Urbahns Property Group
-Little Caesar’s leased 2,400 square feet at Irvington Plaza, 6200 E. Washington St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Irvington Plaza Associates, was represented by Patrick Boyle of Midland Atlantic.
-The Architecture Studio Inc. leased 1,883 square feet at Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by Dave Black Of Cresa Partners. The landlord, Castle Creek Parkway LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-WGP Enterprises Inc., dba Jimmy Stix Pizzeria, leased 1,810 square feet of retail space at Boardwalk Shoppes, 720 Adams St., Carmel. The tenant was represented by Stacie Yeager of Encore Sotheby’s. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Elements Therapeutic Massage leased 1,610 square feet at Clearwater Shoppes, 3965 E. 82nd St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.
-Kumon Learning Center leased 1,600 square feet at Hunter’s Run, 162-180 E. Carmel Drive, Carmel. The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties and Brian Fineberg of Fineberg Property Services. The tenant represented itself.
-Pandemonium leased 1,234 square feet at Madison on the Mall, 1211 N. Madison Ave., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.
-Lakeshore Marketing leased 1,070 square feet at Allison Run III, 5511 E. 82nd St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Urbahns Cos. Inc., was represented by Scott Levinson of Urbahns Property Group.
-Apex Infinite Solutions LLP leased 669 square feet at 120 E. Market St., Suite 607. The tenant and landlord, Felling Investment LLC, represented themselves in the transaction.
Sales/acquisitions
-SPG Contract Services LLC bought an 81,000-square-foot office building at 6319-6447 S. East St. The buyer was represented by Brady Clements of Skyline Property Group. The seller, Situs, was represented by Rebecca Wells of Cassidy Turley.
-Sims-Lohman bought a 52,064-square-foot building at 7113 S. Mayflower Park Drive. The buyer was represented by Chris Black of CBRE. The seller, Flex-Pac Inc., was represented by Steven Schaub of Summit Realty Group.
-Woldai Anday and Kinfe Tsige bought a 5,500-square-foot building at 2821 W. Washington St. The buyer was represented by Larry Gregerson of Century 21 Sheetz. The seller, Genco2821 LLC, was represented by Sandra Jarvis of IndySQUARED Commercial Real Estate.
Traffic reopens after bridge repaired
Road crews worked throughout the weekend repairing the Virginia Avenue bridge over Interstate 65 in Indianapolis so the highway could open in time for Monday morning traffic. The entrance to the south split of I-70 and I-65 was closed Friday afternoon when a semi-trailer carrying a cherry-picker struck the bridge.
INDOT to discuss I-69 work
The Indiana Department of Transportation plans a 6 p.m. public meeting Monday at the Fishers Train Station to outline this year’s Interstate 69 construction schedule. The meeting will cover ongoing work around Exit 205 (116th Street) and the State Road 37 interchange. After a delay in completing the northbound side of the interchange, the contractor plans to complete the work as soon as March 15. The same contractor will then move on to the southbound lanes. A separate contractor will add new lanes to I-69 between 116th Street and I-465.
Police seek assault suspect
Noblesville police are looking for a suspect who forced his way into a woman’s apartment just before 2 a.m. Sunday morning and assaulted her. The woman, who lives in Prairie Lakes Apartments, said a man was armed with a handgun and wore a ski mask and black clothes. The woman said the man forced her onto the floor but he fled after she fought back. She suffered minor injuries.
People
Paul Halverson has been appointed founding dean of the new Indiana University Richard M. Fairbanks School of Public Health at IUPUI. Halverson, 54, has served as director and state health officer for the Arkansas Department of Health since 2005. Prior to his work in Arkansas, Halverson held several positions at the Centers for Disease Control and Prevention. Halverson earned a bachelor’s degree in communication and a master’s degree in health services administration from Arizona State University. He also earned a doctorate in public health from the University of North Carolina.
Jay Brehm has been appointed senior vice president of strategic planning and business development for Franciscan Alliance, a Mishawaka-based hospital system. Brehm currently is the chief financial officer at Franciscan St. Francis Health, which operates Franciscan’s three Indianapolis-area hospitals. Brehm holds a bachelor’s degree in accounting and an MBA from Ball State University.
Dr. Thomas Wisler has joined Franciscan Physician Network McFarland Gynecologic Specialists on the south side. Wisler received a bachelor’s degree from the University of Florida and a medical degree from Creighton University School of Medicine.
Titus Schleyer has been named to lead the Center for Biomedical Informatics at Indianapolis-based Regenstrief Institute. Schleyer is an associate professor of dental public health at the University of Pittsburgh and founding director of the Center for Dental Informatics in the School of Dental Medicine. Schleyer earned doctorates in dental medicine and molecular biology at the University of Frankfurt am Main in Germany. He subsequently received a second dental degree and an MBA in health administration from Temple University in Philadelphia.
Company news
Indianapolis is one of 17 cities in which the YMCA is rolling out a demonstration project to prevent the spread of Type 2 diabetes among Medicare recipients. The program, developed by YMCA of Central Indiana and researchers at Indiana University, offers a yearlong course in exercise, dieting and individual counseling. The program’s success at preventing diabetes for people at risk has drawn financial support from such health insurers as Minnesota-based UnitedHealthcare, which piloted a 16-week version in Indianapolis three years ago. According to The Wall Street Journal, UnitedHealthcare spends $20,000 on average per year to treat a patient with advanced diabetes, but just $3,700 on average to treat a patient with prediabetes. So the insurer can save money even after paying the YMCA up to $500 per participant to help keep patients from developing full-blown diabetes.
The city of Carmel has finalized a five-year agreement with Indiana University Health to operate an employee health center, which is scheduled to open in May. The health center will be built inside the IU Health Sports Performance Center at 1402 Chase Court off Carmel Drive. It will provide primary health service free of charge to all individuals on the city of Carmel’s health plan including employees, dependents and retirees. A physician, a nurse manager and medical assistant will staff the center, which will be open 25 hours per week.
The Lung Care Group, a six-physician group of pulmonology and sleep specialists, has joined St. Vincent Medical Group, the physician arm of Indianapolis-based hospital system St. Vincent Health. The Lung Care Group, located at 8330 Naab Road, included Dr. Jerome Barnes, Dr. William Byron Jr., Dr. Thomas Holian, Dr. Brandon Perkins, Dr. Mitchell Pfeiffer and Dr. Praveen Vohra.
WellPoint Inc. will raise its quarterly dividend 30 percent. The Indianapolis-based health insurer says it will pay 37.5 cents per share in the first quarter, up from 28.7 cents in the fourth quarter. WellPoint expects to return about $2 billion to shareholders this year through the dividend and share buybacks. The new dividend is payable March 25 to shareholders of record at the close of business March 8.
Danica’s Daytona sends TV ratings, IMS hopes soaring
The most popular racer, man or woman, on four wheels is the Indianapolis Motor Speedway's best, and perhaps only, chance at reversing an ugly and costly attendance slide at the Brickyard 400 in July.