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MainGate inks 3-year merchandise deal with Lucas Oil

MainGate has developed the LucasOilGear.com website to sell apparel and novelties, including T-shirts and outerwear featuring the Lucas Oil Stadium, Lucas Oil and Lucas Oil Racing Series brands.

Conrad’s top suite gets $350K fine art makeover

The Conrad Indianapolis this year completed a $350,000 renovation of its most luxurious suite, landing the 2,000-square-foot Gallery Suite on an Elite Traveler magazine list of the top 23 hotel suites in the U.S.

Steak n Shake customer traffic up in latest quarter

Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.

City-County Council OKs domestic partner benefits

Mayor Greg Ballard said he hasn't decide whether he will veto the measure. The mayor said he would prefer coverage be provided only to same-sex partners because he believes offering it to heterosexual couples is a "disincentive to marry."

Indiana fair remembers stage collapse 1 year later

The Indiana State Fair came to a standstill Monday night to honor the victims of a deadly stage collapse one year ago that prompted sweeping overhauls of the fair's emergency plan and new regulations for temporary stages.

Entergy faces hurdle to joining transmission pact

Arkansas regulators want guarantees that their authority will be preserved if Entergy Corp.'s utilities join Carmel-based regional transmission group MISO, raising questions about whether the deal will go through.

Q&A

Alph Bingham spent more than 28 years at Eli Lilly and Co. and from there co-founded InnoCentive Inc., a Massachusetts-based organization that organizes crowdsourcing to help companies solve internal challenges. The Carmel resident spoke about the challenges now facing pharmaceutical companies, which are buckling under ever-rising costs to develop drugs with lower rates of success and worsening prospects for reimbursement. Bingham’s solution is for pharma to embrace crowdsourcing and other “open innovation” concepts in order to spread the risk of R&D among more partners.

People

The School of Science at IUPUI hired Nigel Richards as chairman of the department of chemistry and chemical biology. Richards, who previously worked for 21 years at the University of Florida, specializes in the study of enzymes. Richards earned his doctorate in organic chemistry from Cambridge University in 1984.

Andrew Rosenberg has been appointed to lead Mercer’s Health & Benefits business in Indianapolis. Rosenberg joined Mercer in 2006. He holds an MBA from the Indiana University Kelley School of Business and a bachelor’s degree in management from Anderson University.

Indiana University Health named Bill McConnell its chief information officer. Most recently, McConnell was CEO of an Indianapolis startup, FlowCo Inc. Before that, he was a senior vice president of Boston Scientific Cardiac Rhythm Management in St. Paul, Minn., and before that the CIO for Indianapolis-based Guidant Corp. McConnell also worked as a managing partner for Arthur Andersen in Indianapolis.

Company news

WellPoint Inc. director Lenox Baker said there is no move on the company’s board to oust CEO Angela Braly even after an institutional investor said last week she needs to go. “Angela, I think, has done a great job,” Baker, a retired cardiac surgeon, told Bloomberg News. “Quite frankly, I think some of this stuff with the company is coming from Wall Street. I’m much more looking to the future.” WellPoint, the second-biggest U.S. health insurer, reported earnings last month that missed analyst estimates, said it would lose 900,000 members, and reduced its 2012 forecast. Those announcements prompted Leon Cooperman, whose hedge fund Omega Advisors owns 2.1 million WellPoint shares, to tell Bloomberg: “There’s a universal view that the CEO is the wrong CEO to lead the business.” Since Braly became chairwoman of WellPoint in 2010, the company’s stock price has fallen 8.5 percent. During the same time, Minnesota-based UnitedHealth Group has seen its stock rise 53 percent. The results “put an exclamation point on the differences between United and WellPoint,” Carl McDonald, a Citigroup analyst in New York, wrote in a note to clients. “Time may be running out for WellPoint’s management team.”

Eli Lilly and Co. will receive more than $1.2 billion in early payments from its former drug development partner Amylin Pharmaceuticals Inc. The payments come after Lilly competitor Bristol-Myers Squibb Co. finished its $5 billion acquisition of Amylin. Indianapolis-based Lilly partnered with California-based Amylin to launch the diabetes drugs Byetta and Bydureon. But a dispute arose between the two companies after Lilly launched another diabetes drug, Tradjenta, in partnership with Germany-based Boehringer Ingelheim GmbH. Lilly intends to use the Amylin payments to pay development costs of new drugs it hopes to bring to market.

Dr. Craig Brater will retire in June next year as dean of the Indiana University School of Medicine, he announced Wednesday, and the school has formed a committee to find his replacement. Brater, 66, has worked at the Indianapolis-based school for 26 years, including the past 12 as dean. The school is the second-largest medical school in the nation and the only one in Indiana. Brater oversees a massive operation that includes a main campus in Indianapolis and eight satellite campuses throughout the state. The medical school had a budget of nearly $426 million in the last school year, up 30 percent over the past five years. It employs 1,900 professors who oversee a total student body of 1,880 and also serves doctors at five hospitals in Indianapolis, including Wishard Memorial Hospital, the Roudebush Veterans Affairs Medical Center, and IU Health’s University Hospital and Riley Hospital for Children. Brater is a native of Oak Ridge, Tenn. He attended undergraduate and medical school at Duke University. Before IU, he was part of the faculty at the University of California at San Francisco and worked for the University of Texas Southwestern Medical Center.
 

EMR causes hospital wait times to soar

Columbus Regional Hospital saw wait times double in its emergency room after it began using electronic records in late June, according to the Associated Press. Even now, wait times are longer than usual, even though they have lessened.

Construction

-Capitol Construction has completed a 17,000-square-foot build-out for Little Star Autism Center at 12650 Hamilton Crossing, Carmel.

-Capitol Construction has completed a 4,000-square-foot office build-out for Health & Human Services at 101 W. Ohio St.

Residential

The average rate for 30-year mortgages rose from 3.77 percent to 3.81 percent in the week ended Aug. 8, according to Bankrate.com. The rate for 15-year mortgages rose from 2.99 percent to 3 percent.

Leases/leasing contracts

-LifeScience Logistics LLC leased 132,000 square feet of industrial space at 1105 E. Northfield Drive, Brownsburg. The tenant was represented by Thomas Cooler of CBRE. The landlord, KTR Capital Partners, was represented by Bart Book and Luke Wessel of Cassidy Turley.

-Push Logistics leased 46,800 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, NCI Acquisitions, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-BDP International leased 19,642 square feet of industrial space at 5601 Fortune Circle South. The tenant was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The landlord, CW Capital Asset Management LLC, was represented by J.D. Graves of CBRE.

-Miguel Cardenas, dba Chispas, leased 19,260 square feet of retail space at Lafayette Shoppes, 38th Street and Georgetown Road. The tenant was represented by Larry W. Harshman of Harshman Property Services LLC. The landlord, Lafayette Shoppes LP, was represented by Jim Mosher of The Broadbent Co.

-Performance Assessment Network Inc. renewed its lease for 16,704 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Yumi Prater and R.J. Rudolph of Colliers International. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC.

-The Bang Fitness Project LLC leased 10,000 square feet of retail space at Cool Creek Commons, 2510 E. 146th St., Carmel. The tenant was represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, Westfield One LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-USAwning Network leased 5,400 square feet of warehouse space at Brookside Industrial Park at East 16th Street and Sherman Drive. The landlord, Brookside Industrial Park LLC, was represented by Russ Zimmerman of NAI Meridian and Larry W. Harshman of Harshman Property Services LLC. The Tenant represented itself.

-It’s a Kid’s World Ministry Academy leased 5,000 square feet of retail space at 2151 N. Franklin Road. The tenant was represented by Joe Lonnemann of Ambrose Property Group. The landlord, Franklin Road LLC, represented itself.

-SK Huffer & Associates PC leased 4,035 square feet of office space in the Village of West Clay at 12821 E. New Market St., Carmel. The tenant was represented by Gerald Kosene of Kosene & Kosene. The landlord, CFS LLS, was represented by Joe Lonnemann of Ambrose Property Group.  

-Bakery Euromex LLC leased 2,150 square feet of retail space at Grant Plaza Shopping Center, 3103-B Lafayette Road. The tenant was represented by Camilo Colonia of Equity Wealth Realty. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.

-Herbalife Nutrition and Weight Management leased 1,700 square feet of retail space at Grant Plaza Shopping Center, 3103-A Lafayette Road. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Hott Komoditty Hair Salon leased 1,502 square feet of retail space at Grant Plaza Shopping Center, 3037 Lafayette Road. The tenant was represented by Gregg C. Donaldson of Milhaus Realty LLC. The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC.

-Crown Product Services LLC leased 1,143 square feet of office space in the Village of West Clay at 12821 E. New Market St., Carmel. The landlord, CFS LLS, was represented by Joe Lonnemann of Ambrose Property Group. The tenant represented itself.

-Bogdanoff Henderson PC and Dages and Co. leased 1,064 square foot of office space at Four Parkwood, 500 E. 96th St. The tenant was represented by Ed Freeman of Freeman Commercial Development Inc. The landlords, Philip and Janet Clark, were represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International.

-Breathe Life Yoga leased 1,000 square feet of office space at 8202 Clearvista Parkway. The landlord, Regency Centre Investments, was represented by Joe Lonnemann of Ambrose Property Group. The tenant represented itself.

Sales/acquisitions

-Plastic Recycling Inc. bought a 105,000-square-foot industrial building at 1910 S. State Ave. The buyer was represented by Ron Coble of Coble Properties. The seller, E&A Holdings, was represented by Brian Buschuk, Jake Sturman, Brian Seitz and Steve Schwegman of Jones Lang LaSalle.

-Central Indiana Periodontics PC bought one acre of land at 8301 Rockville Road. The buyer was represented by Gary Bieberich of Sell4Free Cash Back Realty. The seller, Cloverleaf Property Group LLC, was represented by Jason Alsup and Allen Culpepper of RE/MAX Centerstone.
 
-TEG Stone Ridge LLC bought the 320-unit Stone Ridge Apartments at 7111 Vedder Place. The seller, Stone Ridge I & II LLC, was represented by Scott Pollom of Cassidy Turley. The buyer represented itself.
 
-PP Indy 3 LLC bought the 198-unit Vineyards at Apple Creek Apartments at 10101 Montery Road. The sellers, Circle Millennium Limited Partnership and Condomania Limited Partnership, were represented by Scott Pollom of Cassidy Turley. The buyer represented itself.