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Anderson baseball-complex plan hits financing snag

Construction on The Farm, a $7.5 million baseball and softball facility along Interstate 69, has hit another snag while city officials and project developers continue to negotiate acceptable financing terms.

United Way expects record $40.6M in donations

United Way of Central Indiana is projecting that its 2011 annual campaign will raise a record-breaking $40.6 million, topping the previous high of $39 million in 2007.

Deal puts Farm Bureau’s name on downtown concert venue

Farm Bureau Insurance is putting its name on outdoor concert venue The Lawn at White River State Park under a sponsorship agreement with event promoter Live Nation Entertainment, the companies announced Tuesday.

Firm to reimburse vehicle owners for illegal towing

Interstate/Delaware and South Towing will pay about $80,000 to owners of more than 300 vehicles unlawfully towed from the Indiana Avenue parking lot under an agreement reached with the city prosecutor.

Amazon plans another Indiana warehouse, 1,000 jobs

The online retailer said it will open a new warehouse in Jeffersonville and create up to 1,050 jobs by 2015 as part of a $150 million investment. The distribution facility would be the company’s fifth in Indiana.

Mass Ave project surrounding Barton Tower gets state OK

A partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.

Device maker Biomet paying $22.7M to settle bribery case

Indiana-based Biomet Inc. has agreed to pay $22.7 million to settle U.S. criminal and civil allegations that it bribed government-employed doctors in Argentina, Brazil and China for eight years to win business with hospitals.

Judge rejects some of Indiana’s claims against IBM

The core issue in a dispute over a project to modernize Indiana's welfare system — whether IBM breached the billion-dollar contract — wasn't addressed when a judge dismissed 17 of the state's claims against the computer giant, an attorney for the state said Monday.

Construction

-Gibson Commercial Construction has started construction of a 3,200-square-foot DiBella’s Old Fashioned Submarines restaurant at 5650 W 86th St. in Traders Point II.

-Gibson Commercial Construction has completed a 2,200 square foot office build-out for US Safety Depot at 1052 Greenwood Springs Blvd., Greenwood.

People

–Dave Smith has joined Holladay Construction Group as a project manager.

–Steve Shephard has joined Holladay Construction group as a superintendent.

Residential

The average rate for 30-year mortgages rose from 4.15 percent to 4.29 percent for the week ended March 21, according to Bankrate.com. The rate for 15-year mortgages rose from 3.38 percent to 3.48 percent.

Leases/leasing contracts

-T2 Systems leased 17,801 square feet at 8900 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Sabic Polymer Shapes LLC leased 14,400 square feet of industrial at 1350 Brookville Way. The landlord, Drilling World, was represented by Dustin Looper of Colliers International. The tenant represented itself.

-Outbound Technologies leased 8,269 square feet of industrial space at 7320 E. 86th St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, East 86th Street Partners, was represented by Drew Augustin of Alliance Commercial Real Estate.

-Yarling & Robinson leased 5,353 square feet of office space at 151 N. Delaware St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston of CBRE.    

-McCormick Advertising Co. leased 3,092 square feet of office space at Delaware Crossing I, 10150 Lantern Road, Suite 260, Fishers. The tenant was represented by Josh McNair of RE/MAX Legends Group. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Pediatric Nursing Specialists/MCH Services renewed its lease for 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc, was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.

-The Dodson Group Inc. leased 2,400 square feet of industrial space at 1322-1438 Sadlier Circle. East Drive. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial Realty Trust.

-Four Quadrant Wealth Advisors Inc. leased 2,136 square feet of office space at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.

-Cain Brothers & Co. LLC renewed its lease for 2,106 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc., was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.  

-Capital Blueprints Inc. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Suite 125, Fishers. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.

-HEG Network leased 1,763 square feet of office space at 10385-10439 Commerce Drive, Carmel. The landlord, Coastal Partners LLC, was represented by Bennett Williams of Cassidy Turley. The tenant represented itself.

-Carole A. Maguire & Kelly A. Ernsperger renewed a lease for 1,238 square feet of office space at 6515 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by David Moore and Darrin Boyd of Cassidy Turley. The tenants represented themselves.

-Automated Payroll Services LLC leased 1,161 square feet of office space at 12315 Hancock St., Carmel. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, Carriger Properties LLC, was represented by Bryan Miller of Cassidy Turley.

Sales/acquisitions

-1142 Investments LLC bought a 12,000-square foot industrial building at 1142 Southeastern Ave. The price wasn’t disclosed. The buyer and seller, Forty-One Corp., were represented by Matt Jackson of Ambrose Property Group.

-The Marks Co. bought a 12,000-square-foot former automotive repair building on 1.3 acres at 4451 N. Keystone Ave. The price wasn’t disclosed. The seller, 445-4481 North Keystone Avenue LLC, was represented by Christopher Hake of Thompson Thrift. The buyer represented itself.

People

Indianapolis-based AIT Bioscience named Emilio Córdova as senior vice president of business development. Córdova was previously vice president of business development at Worldwide Clinical Trials Drug Development Solutions in Austin, Texas, and before that spent much of his career at West Lafayette-based Bioanalytical Systems Inc. Córdova holds a bachelor's degree from Drew University, a master’s and doctorate from the University of Miami (Fla.), and an MBA from Purdue University.

Dennis Dawes, CEO of Danville-based Hendricks Regional Health, will retire in late spring or early summer after leading the hospital for 38 years. He was just 28 when he took the helm of the hospital in 1974, and has since led several expansions, including the establishment of satellite campuses in Avon and Plainfield. Dawes holds a bachelor's degree in religion from Taylor University and a master’s in health administration from the Indiana University School of Medicine.

Company news

Researchers at the Indiana University School of Medicine may have found a way to predict who will develop Type 1 diabetes, according to a study published March 22 in the journal Diabetes. Dr. Raghu Mirmira and Sarah Tersey, both professors in the pediatric department of the IU medical school, reported that they had been able to identify problems in insulin-producing cells in mice before the mice actually developed symptoms of diabetes. They were also able to identify a protein in the mice that rises in level as insulin-producing cells become dysfunctional. Screening for that protein in blood tests could identify patients in the process of developing diabetes. Type 1 diabetes, also known as juvenile diabetes, occurs when the body’s immune system attacks insulin-producing cells in the pancreas.

Purdue University’s Emerging Innovations Fund invested $80,000 in Spensa Technologies Inc. and another $20,000 in Tymora Analytical Operations LLC. Both companies are based in the Purdue Research Park in West Lafayette. Spensa Technologies is commercializing the Z-Trap, which detects target insects captured by the trap and sends the data wirelessly to a farmer’s mobile phone or computer. Knowing the types of pests can help farmers select the correct pesticide and the right amount to apply. Tymora Analytical incorporates nanotechnology in laboratory products designed to make cancer research and drug discovery more efficient and effective.

European regulators approved an expanded use for the diabetes treatment Byetta developed by drugmakers Amylin Pharmaceuticals Inc. and Eli Lilly and Co., according to the Associated Press. The companies said Friday they received approval for Byetta to be used with or without common treatments like metformin and Actos to treat adult Type 2 diabetes patients who have not been able to control their blood sugar levels with just insulin. The U.S. Food and Drug Administration approved the same expanded use last fall. Byetta, or exenatide, is a twice-a-day injection. It was first approved in Europe in 2006. Amylin and Lilly announced in November that they are ending their collaboration on Byetta and its successor, Bydureon, which is designed to be taken once per week. The two companies have already ended their partnership in the United States, and Amylin will take over marketing of Byetta outside the U.S. by the end of 2013.