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Answers on $526M in tax mistakes expected in December

Auditors reviewing $526 million in tax errors made by Indiana's tax collection agency said Monday they will investigate whether state employees are knowledgeable enough to track tax collections and whether the state has adequate internal controls to guard against future errors.

Sales/acquisitions

-J & J Investments I LLC bought 5.96 acres of retail land at 6106 Massachusetts Ave. The buyer was represented by Fabricio Perez of Equity Wealth Realty LLC. The seller, Empire TFI Indy Holdings LLC, was represented by Bob Lindgren and Ron Mannon of Lee & Associates

-TriVis Capital Partners bought 116th Street Centre, a 46,695-square-foot retail center with 3.32 acres of undeveloped land, at East 116th Street and Guilford Road, Carmel. The seller, LaSalle 115 Holdings LLC-Series 1, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.

Leases/leasing contracts

-Recycle Force leased 51,500 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, The National Bank of Indianapolis, was represented by Ashley Bussell, Ralph Balber and Conrad Jacobs of Newmark Knight Frank Halakar. The tenant represented itself.

-ERGO Office Furniture leased 40,794 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Steven Schaub of Summit Realty Group. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-LaForce Inc. leased 12,403 square feet of industrial space at 7750 Zionsville Road. The tenant was represented by John Hanley of CBRE. The landlord, C III Asset Management LLC, was represented by Michael Weishaar of Cassidy Turley.
 
-Senex Services leased 8,601 square feet of office space in College Park, 3333 Founders Road. The tenant was represented by Brian Askins of UGL Services-Equis Corp. The landlord, Crestline Investments LLC, was represented by Matthew Broderick of Acorn Group.

-IN Motion Orthopaedics Inc. leased 6,996 square feet of industrial space at 8904 Bash St. The tenant was represented by Jake Sturman of Jones Lang LaSalle. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Meridian Services Corp. leased 6,711 square feet of office space at 2506 Willowbrook Parkway. The tenant was represented by Monte Brown of CB Lunsford. The landlord, Oakleaf Properties LLP, was represented by Matthew Broderick and Charlie Waggoner of Acorn Group.

-GreenLight Collectibles leased 5,515 square feet at 5755-5857 W. 74th St. The tenant was represented by Matt Waggoner and Brad Williams of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Duke’s Kate Ems.

-Benchmark Family Services leased 4,577 square feet of office space at 2506 Willowbrook Parkway. The tenant was represented by Anton Graves of DTM Real Estate Services LLC. The landlord, Oakleaf Properties LLP, was represented by Charlie Waggoner and Matthew Broderick of Acorn Group.

-Simeri’s Italian Restaurant leased 2,600 square feet at Geist Shoppes, 10410 Olio Road, Fishers. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate. The landlord, Ameriana Bank, was represented by Dean Almas of Sitehawk Retail Real Estate.
 
-AT&T renewed its lease for 2,500 square feet at Southport Commons, 4850 E. Southport Road. The tenant was represented by Kevin K. Kancherla of Excess Space Retail Services. The landlord, Southport Commons, was represented by John Baker and Larry Davis of Sitehawk Retail Real Estate.  

-Panda Express leased 2,200 square feet at Charles Street North, 4682 S. Scatterfield Road, Anderson. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Charles Street Associates LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.  
 
-Josue Villalta MD leased 1,809 square feet of office space in Methodist Medical Plaza I, 6920 Parkdale Place. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, HTA-Medical Portfolio 3 LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.

-Jack’s Pizza renewed its lease for 1,200 square feet of retail space in Sherman Commons, 3709 E. Washington St. The tenant and landlord, Indy Management Group, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Fabulous Hair & Nail Salon leased 900 square feet of retail space at 2912 W. 16th St. The tenant and landlord, Indy Management Group, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

Residential

The average rate for 30-year mortgages fell from 3.80 percent to 3.79 percent in the week ended Sept. 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.03 percent to 3.04 percent.

Construction

-Charles C. Brandt Construction Co. has completed a 10,000-square-foot build-out for Ogletree Deakins on the 45th floor of Chase Tower.

-Capitol Construction has completed a 13,400-square-foot retail build-out for Saddle Up Saloon at 6378 E. 82nd St.

-Capitol Construction has completed a 4,000-square-foot office remodel for PPG Aerospace at 6022 Corporate Way.

Virginia Avenue attracts yet another project

Englewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to 50 apartments, about 5,000 square feet of retail space and an underground parking garage.

Ex-elections chief seeks relief for convictions

The Indiana Court of Appeals has dismissed an appeal by ousted Secretary of State Charlie White so he can seek relief from the judge who presided over his vote fraud trial.

WellPoint management team gets board support, CFO says

Almost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told by the board it will stay, said Chief Financial Officer Wayne Deveydt.

People

Dr. Gary Dunnington, a surgical oncologist, has been named chairman of the Indiana University School of Medicine department of surgery. Dunnington comes to IU after 15 years at the Southern Illinois University. Previously, he was an associate professor of surgery at the University of Southern California School of Medicine. Dunnington graduated from Chrysler High School in New Castle, Ball State University and the IU School of Medicine.

The School of Science at IUPUI hired Lisa Jones as an assistant professor of chemistry, specializing in bioanalytical chemistry. Before coming to IUPUI, Jones taught at Missouri College. Jones earned her doctorate in biochemistry from Georgia State University and her bachelor’s degree in biochemistry from Syracuse University.

David Delaney has been appointed director of business development for Franciscan St. Francis Health. He most recently served as a community and business development consultant for Indianapolis-based Advantage Health Solutions Inc. Delaney holds a degree from Purdue University.

The Indiana University Melvin and Bren Simon Cancer Center has added the following researchers: Jill Fehrenbacher, who studies how cancer therapies cause numbness and burning pain; Dr. Emma Rossi, who studies minimally invasive and computer-assisted surgical techniques for gynecologic cancer; Dr. Peter Schwartz, who conducts research on patient understanding and decision-making; Dr. Rebecca Silbermann, who studies multiple myeloma bone disease; and David Waning, who studies musculoskeletal complications in cancer and cancer therapy.

Company news

Indianapolis-based St. Vincent Health will manage operations at Monroe Hospital in Bloomington under an agreement announced Sept. 4. Adding Monroe gives St. Vincent control of hospitals stretching from Indianapolis to Bedford and even farther south to Salem and Evansville. St. Vincent owns or operates 22 hospitals around the state. The only other Indiana hospital with that kind of geographic reach is Indianapolis-based Indiana University Health, which owns Bloomington Hospital. St. Vincent will oversee quality and safety efforts, physician relations, patient experience, finance and other functions to increase efficiency and reduce costs. The 32-bed facility, which opened in 2006, is owned by Alabama-based Medical Properties Trust Inc. Monroe has routinely lost money, including a loss of $13.2 million in 2011, according to hospital reports to the federal Medicare program, made available by the website AHD.com. Monroe had total patient revenue last year of $102.4 million. The hospital had been courting potential partners or buyers for at least two years. It entered discussions not only with St. Vincent, but also with Mishawaka-based Franciscan Alliance and Munster-based Community Healthcare System.

Nyhart Actuary & Employee Benefits has established its first office on the West Coast with its latest acquisition. Nyhart will add 15 employees by acquiring San Diego-based Epler Co., a regional actuarial, employee benefits and compensation-strategies firm. Nyhart now has 100 employees, including 70 at its headquarters in Indianapolis. Financial terms of the deal were not disclosed. The deal gives Nyhart new expertise on employee compensation, which it hopes will help bolster its pension business for private, church and public plans. Nyhart serves plans with $15 billion or more in assets, providing fund analysis, advisory services on employee compensation and retirement benefits, and actuarial work on health care issues. It is the third acquisition Nyhart has made in the last two years.

Tymora Analytical Operations LLC has received a $150,000 grant from the National Institutes of Health. The West Lafayette-based company will use the money to develop nanotechnology products that aim to help researchers analyze the adding of phosphate molecules to proteins in the body, a process that plays a role in cancer, Alzheimer’s disease and other maladies. Tymora’s leading product would allow researchers to detect multiple changes to proteins in a single experiment. The 2-year-old company has been funded by a grant from the National Science Foundation, an investment by Purdue’s Emerging Innovations Fund and winnings from business plan competitions.

Riley Hospital for Children at Indiana University Health will now make its pediatric specialists available at The South Bend Clinic. Riley specialists in cardiology, diabetes, gastroenterology, neurology and rheumatology will see patients from throughout the northern Indiana and southern Michigan regions. Riley's hospital facility in downtown Indianapolis treats children from all over Indiana and beyond the state's borders.

Bloomington docs still feuding with Anthem

A large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than two months before their contract is set to expire.

Boys find grenades in Anderson

Police say three boys found five grenades and several rounds of ammunition at a city park in central Indiana. The grenades were found Sunday afternoon in a wooded area of Athletic Park near downtown Anderson. A state police bomb squad removed the items from the park. Police and bomb-sniffing dogs didn’t find any more explosives during follow-up searches of the area.

Man injured in crash with tree

A motorist was injured when he drove into a tree and flipped his Chevy Silverado truck onto its side early Monday morning. The crash happened about 1:45 a.m. in the 9500 block of Brookville Road, on the southeast side of Indianapolis. Rescue crews had to extricate driver David Cannon, 26, from his vehicle. Cannon was conscious and talking to firefighters before being taken to Wishard Hospital.

Gas spill forces evacuation in Fishers

A gasoline spill in Fishers on Monday morning prompted the evacuation of a nearby medical building and temporarily blocked access to a neighboring shopping center. The spill happened at 10 a.m. at the Ricker's BP gas station at East 116th Street and Cumberland Road. The Fishers Fire Department worked to clean up as much as the spill as possible but as much as 50 gallons may have gone into a storm drain. Officials are trying to determine if there’s a potential danger to local waterways. No injuries were reported.

IU, Purdue, others see big dip in MBA applications

Applications to the MBA programs at Indiana University and Purdue University fell sharply this year, part of a nationwide trend among many of the nation's largest and most prominent business schools.

Growing ENT market attracts Cook

Bloomington-based Cook Medical announced a new division to capitalize on the growing market for minimally invasive procedures to fix problems in ears, noses and throats, as well as other maladies of the head and neck.