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Construction

-Kort Builders has completed a 2,400-square-foot retail space for Massage Envy at 2683 E. Main St., Suite 112, Plainfield.

-Kort Builders has completed an 800-square-foot office remodel for Midwest Fertility Clinic at 12188A N. Meridian St., Suite 250, Carmel.

Residential

The average rate for 30-year mortgages fell to 3.52 percent from 3.55 percent in the week ended Oct. 3, according to Bankrate.com. The rate for 15-year mortgages fell to 2.84 percent from 2.88 percent.

Leases/leasing contracts

-Hobby Lobby leased 50,585 square feet at Noble Creek Shops, 585 Noble Creek Drive, Noblesville. The tenant was represented Wayne O’Hara of Sitehawk Retail Real Estate and David Leathers of DE Johnson and Associates. The landlord, Douglas Realty Group, was represented by Doug McAuley of Douglas Realty Advisors.  

-Quintiles Inc. leased 12,400 square feet of office space at 201 S. Capitol Ave. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Coastal Partners LLC, was represented by Bennett Williams of Cassidy Turley.

-Dollar General renewed its lease for 7,500 square feet lease at Oaklandon Plaza, 11725 Pendleton Pike. The tenant was represented by David Ciechanowicz of Colliers International. The landlord, Oaklandon Plaza Investment Management LLC, was represented by Greg Smith of Colliers International.  

-HealthNet Inc. leased 6,500 square feet of medical space at 6029 W. 10th St.  The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International. The tenant represented itself.

-Something Around a $1.00 leased 5,250 square feet of retail space at 2150-2200 Independence Drive, Greenwood. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Kosene & Kosene Development Co. Inc., was represented by Todd Camesasca of Kosene.

-Cox Sargeant & Burns PC leased 3,864 square feet of office space at 8440 Woodfield Crossing. The landlord, C III Asset Management LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Preferred Community Services Inc. leased 3,302 square feet of office space at 6330 E. 75th St. The tenant was represented by Glenn Davis of Colliers International. The landlord, Metro Center Office Park LLC, was represented by J.D. Graves of CBRE.

-Saltire Games renewed its lease for 2,694 square feet at Oaklandon Plaza, 11725 Pendleton Pike. The tenant was represented by David Ciechanowicz of Colliers International. The landlord, Oaklandon Plaza Investment Management LLC, was represented by Joe Tarpey of Colliers International.  

-Dr. David Black leased 2,300 square feet at 8325 S. Emerson Ave. The landlord, Rabb Enterprises Inc., was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.

-Extreme Pizza leased 2,000 square feet at Lantern Crossing, 8938 E 96th St., Fishers. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, Glendale Partners of Michigan LLC, was represented by Kyle Hughes of Veritas Realty.

-Orange Leaf Frozen Yogurt leased 1,942 square feet at CityWay, 307 S. Delaware St. The tenant was represented by Nicholas E. Wright of Newbridge Commercial Real Estate. The landlord, Buckingham Cos., represented itself.

-Orange Leaf Frozen Yogurt leased 1,941 square feet at The Avenue apartments, 910 W. 10th St., Suite 6. The tenant was represented by Nicholas E. Wright of Newbridge Commercial Real Estate. The landlord, Buckingham Cos., represented itself.

-Victory Mortgage LLC leased 1,513 square feet of office space at 6602 E. 75th St. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Entry Point Capital LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-RPM Machinery LLC leased 1,413 square feet of office space at 8910 Purdue Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller.

-Mine Naturally LLC leased 1,200 square feet at 4875 W. 56th St. The tenant was represented by David Simons of Velocity Commercial Real Estate. The landlord, Iron Point Partners LP, was represented by Jeff Merritt of Summit Realty Group.

-Tech Nation Computers LLC leased 1,070 square feet at 1801 N. Shadeland Ave. The landlord, Hamilton Center Inc., was represented by Jeff Merritt and Ryan Kelly of Summit Realty Group. The tenant represented itself.

Sales/acquisitions

-Center Township of Marion County bought an 18,744-square-foot industrial building at 2917-2919 Roosevelt Ave. The seller, Eagle Forge LLC, was represented by Fritz Kauffman of Cassidy Turley. The buyer represented itself.

-Mechanic Automotives bought a former Shell gas station at 3702 N. High School Road. The buyer and seller, The United Cos., were represented by Michael Sloan of The Broadbent Group.

Milhaus buying site for more downtown apartments

The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.

Correction

The Rehabilitation Hosptial of Indiana is one of 16 health care facilities awarded five-year grants this year from the National Institute on Disability and Rehabilitation Research as part of its Traumatic Brain Injury Model System. The Oct. 1 issue of IBJ Health Care & Reform Weekly incorrectly stated the number of sites getting grants.

Study: Newly insured to be poorer, less educated

New health insurance coverage created by the 2010 health reform law will attract a lower-income, less-educated and more diverse set of customers than the insurance markets that exist today, according to a new analysis by PricewaterhouseCoopers. And that could create challenges for doctors and hospitals trying to care for those patients.

Company news

Indianapolis-based WellPoint Inc.’s $4.9 billion acquisition of Virginia-based Amerigroup Corp. is expected to be approved Oct. 23 after Amerigroup officials agreed to delay a shareholder vote for two weeks to resolve investors’ claims they were being shortchanged in the deal, according to Bloomberg News and Dow Jones Newswires. Amerigroup officials said they would consider new offers to buy the company, but with shareholder advisory groups Institutional Shareholder Services Inc. and Glass Lewis & Co. both endorsing the deal, new offers are not expected to materialize. The acquisition, announced July 9, would make WellPoint–already the second-largest U.S. health insurer–the largest private provider of Medicaid plans for low-income patients. Amerigroup helps states manage health coverage for the poor. Some investors sued Amerigroup’s board in August alleging directors, along with financial adviser Goldman Sachs Group Inc., put their own interests ahead of shareholders by backing the WellPoint offer when there was a second suitor that had expressed interest.

WellPoint Inc.’s National Government Services unit will add more than 100 jobs in Indianapolis beginning late this year or early in 2013 after the health insurance giant won a new contract with the federal Medicare program. The contract, awarded in late September, makes WellPoint’s NGS unit the administrator for hospital and physician bills racked up by 2.7 million seniors on Medicare in Illinois, Minnesota and Wisconsin. It also puts NGS in charge of home health and hospice bills for Medicare recipients in 13 states and five U.S. territories. If NGS keeps the contract for its maximum five-year term, the deal will bring in an estimated $318 million in revenue and account for roughly 20 percent of all NGS revenue. In May, WellPoint was forced to lay off 112 local workers after it lost a separate Medicare contract for Indiana and Michigan. WellPoint officials said a “large majority” of those employees will be asked back to work on the new contract. The new contract will add 200 to 300 workers to NGS, with half or more of those jobs being added in Indianapolis. The balance of the new positions will be added at an NGS office in Milwaukee. NGS now employs 2,000 people, including about 500 in Indianapolis. Winning the contract also helps NGS hold on to some workers that it might have had to let go. All told, more than 450 NGS employees will work on the new contract. Those employees will do claims processing, information technology support, and audit and reimbursement reviews of Medicare bills. NGS also will hire nurses to conduct medical reviews of claims.

Indianapolis-based Dow AgroSciences LLC acquired the assets of California-based Cal/West Seeds, which supplies alfalfa, clover and other crops to seed companies and growers in the United States, Canada and 25 other countries around the world. Financial terms of the agreement were not disclosed. “Cal/West fits our business model–they are not only a technology developer in their industry, but also have a strong genetics program which will strengthen our forages business,” said Rolando Meninato, the global leader of Dow Agro’s seeds, traits and oils business. The Cal/West acquisition will complement another alfalfa company Dow AgroSciences acquired in 2008, called Dairyland Seed, and will give Dow Agro one of the largest forages businesses in the industry. Dow Agro is a subsidiary of Michigan-based Dow Chemical Co.

Indiana Wesleyan University’s School of Health Sciences, which is under construction in Marion, will add graduate degree programs in physical therapy, occupational therapy, athletic training and public health. "Many professionals engaged in the health professions may desire to earn graduate or advanced degrees while entry-level positions now require graduate degrees," said Larry Lindsay, founding dean of the School of Health Sciences. "We are responding to the future needs of those students in the health professions. Thus we seek to become a major Christian provider of health and human services at the local, state, national and global level." A new building to house the school is expected to be ready to open in fall 2014. In 2010, Indiana Wesleyan lost out to Marian University as the site of a new medical school in Indiana. Indiana Wesleyan is an evangelical Christian university of The Wesleyan Church, founded in 1920. It enrolls more than 3,000 students on its campus in Marion and more than 12,000 at satellite education centers in Indiana, Kentucky, Ohio and over the Internet.

The Franciscan Alliance hospital system has absorbed Medical Specialists, a 55-physician practice in northwest Indiana. The group of primary care providers and specialists is now called Franciscan Medical Specialists, and provides care in such fields as endocrinology, OB-GYN, orthopedics, pulmonary medicine and rheumatology. It has offices in Munster, Dyer, Hammond, Hobart, La Porte, Merrillville, Michigan City, Schererville and Valparaiso. Franciscan Alliance, which is headquartered in Mishawaka, operates 13 hospitals in Indiana and Illinois, including three in the Indianapolis area.

People

Sam Odle, a former longtime executive of Methodist Hospital and Indiana University Health, is joining the Indianapolis-based lobbying firm Bose Public Affairs Group LLC. As a senior policy adviser, Odle will work mostly with clients in the health care and life sciences industries. Odle, 63, most recently served as chief operating officer at IU Health and CEO of Methodist and University hospitals before retiring in July. Replacing Odle as the head of Methodist and University hospitals will be Jim Terwilliger. He joined IU Health in June 2011 as vice president for cancer services after serving as executive vice president for the University of Pittsburgh Medical Center Cancer Centers in Pittsburgh.

Dr. Esther Adade, a family physician, has joined Community Physician Network in Greenwood.  She received a bachelor of science degree in biochemistry from the University of California and completed her medical degree at the University of Wisconsin School of Medicine and Public Health.

Dr. Neal Ipema, an OB/GYN physician, has joined Community Physician Network on the south side of Indianapolis. He received his medical degree at Loyola Stritch School of Medicine in Chicago.

Dr. Kalen Miskel, an internist, has joined Community Physician Network in Carmel. She did her medical training at the University of Maryland School of Medicine in Baltimore.

Dr. Jennifer Walker, a pediatrician, has joined Community Physician Network on the east side of Indianapolis.  She has a bachelor of science degree from the University of Notre Dame, a master of science in physiology and biophysics from Georgetown University, and a medical degree from George Washington University School of Medicine and Health Sciences in Washington, D.C.

Trista Stormer, a nurse practitioner for OB/GYN patients, has joined Community Physician Network on the south side of Indianapolis. She holds a bachelor’s degree in nursing from Purdue University and a master’s degree in nursing from the University of Indianapolis.

Traffic stop leads to pot bust

A Texas woman was arrested in Jackson County on Sunday after police said they found 17 pounds of marijuana in her vehicle following a traffic stop. Loniquel Trachelle Hoskins, 22, faces felony drug charges of dealing in marijuana over 10 pounds and possession of marijuana over 10 grams. Indiana State Police said a trooper pulled Hoskins over for a traffic violation on Interstate 65 in Jackson County, about an hour south of Indianapolis, and smelled marijuana coming from the passenger compartment. After a police dog confirmed the presence of drugs, officers found 26 packages hidden inside the vehicle’s rear doors.

Priest headed back to Indiana

An Indiana priest believed to be in danger in Greece has been located, his family told Fox59. Rev. Christian Kappes contacted relatives Monday morning to let them know he made it safely out of the country. Kappes, who has been studying in Athens for three years, made a frantic call home a week ago, saying he and his translator were in danger and trying to leave. They were not on a scheduled flight last week and were not heard from until the Monday call. Worried family members contacted the U.S. Embassy, U.S. State Department and Greek authorities to track him down. Fox59 will have more on this story at 4 p.m.

WFMS property fetches $625,000 bid in county tax sale

Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.