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Also this week

“Christmas at the Zoo” opens Nov. 25 and runs through Dec. 30. Details here. 

A new group of artists has moved into the expanded arts space at the Circle City Industrial Complex. A preview Nov. 30 will give you a chance to see the space and introduce yourself to their work. More details on the south-side gallery here. 

 “Is That Your Reel Hair” returns to the Indy Fringe Building Nov. 25-Dec. 3. Details here.  

“Dorothy and the Wizard in Oz”

Nov. 25-Jan. 8

Children’s Museum of Indianapolis

 With all that goes on upstairs at the Children’s Museum, you might have forgotten that the museum has its own theater operating in the basement, with shows most days offered free with admission to the museum. You can find details of the Dorothy show here. 

“Heidi”

Nov. 25-26

Artcraft Theatre, Franklin

 Yes, it’s the old Shirley Temple film. No, it’s not brilliant filmmaking. But if your family is overstuffed and looking to get out after Thanksgiving Day, this is an opportunity to take the kids to see a film they probably haven’t already seen. And the Artcraft experience, as always, includes pre-show skits, prizes, a cartoon, and fresh popcorn. If you don’t make it this weekend, consider a Franklin visit Dec. 2-4 for “A Christmas Story,” Dec. 9-10 for “White Christmas” or Dec. 16-17 for “Christmas Vacation.”  Details here. 

“A Christmas Carol”

 

Nov. 25-Dec. 24

Indiana Repertory Theatre

You know the story. You probably even know the quality of the Indiana Repertory Theatre’s annual production. But you may not know about the “Oh! What Fun!” nights that may include live reindeer, live lobby music, cast talk-backs, marshmallow tasting, carolers and more. Details here.

Residential

The average rate for 30-year mortgages dipped from 4.25 percent to 4.24 percent for the week ended Nov. 16, according to Bankrate.com. The rate for 15-year mortgages fell to 3.47 percent from 3.5 percent.

Construction

Capitol Construction Services has completed the renovation of a 30,000-square-foot HHGregg store at 10101 E. U.S. Highway 36, Avon.

Dow drops after debt panel fails to reach deal

The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up with $1.2 trillion in deficit cuts over 10 years indicated that there would be no deal.

People

–Rob Christman has joined the local office of Colliers International as a senior adviser specializing in industrial property.

–Chris Baker has joined Gibson Commercial Construction as a project manager/estimator. Kelli Gibson has been promoted to business development.

Leases/leasing contracts

-Master Pak leased 33,900 square feet in Park 100 Building 98, 8250 Zionsville Road. The tenant was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar. The landlord, Duke Realty, was represented by Duke’s Glenn Davis.

-M&M Wrecker renewed its lease of 5,400 square feet of industrial flex space in Adrade Building 2, 10760 De Andra Drive, Zionsville. The landlord, Andrade LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.

-Massage Envy leased 4,800 square feet at Allyne Park, 1001 N. State Road 135, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Allyne Park Dynasty LLC, was represented by Liz Yoho of Providence Partners.

-Massage Envy leased 3,800 square feet at Five River Crossing, 8555 N. River Road. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Five River Crossing LLC, was represented by Barbara Zike of PK Partners.

-Massage Envy leased 3,200 square feet at Fishers Corner, 11680 Commercial Drive, Fishers. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Sena Realty, was represented by Jacque Haynes of Cassidy Turley.

-Curves leased 1,700 square feet at Meridian Village Plaza, 13610 N. Meridian St., Carmel. The tenant was represented by Craig Ramsay of Sitehawk Retail Real Estate.  The landlord, Centro Heritage SPE 5 LLC, represented itself.

-Mattingly Lawn Care renewed its lease of 1,600 square feet of industrial flex space in Brookville P-52, 8430 Brookville Road. The landlord, Brookville P-52, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.

-Lucky B Boutique leased 1,400 square feet at 912 Westfield Blvd. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Wilson M Realty LLC, was represented by Walter Freihofer of Freihofer Commercial.  

-Maxx Tan leased 1,400 square feet at Greenwood Springs Shopping Center, 1279 Emerson Ave. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Audio Xcellence renewed its lease of 1,200 square feet of retail space at White River Landing, 239 S. State Road 135, Suite E, Greenwood. The landlord, White River Landing LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.

-New Heights Enterprises leased 1,200 square feet of retail space in Eagle Highland Shops, 7036 Shore Terrace. The landlord, Eagle Highland Shops LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.

-Nekea Thomas renewed her lease of 1,048 square feet of retail space in Michigan Road Plaza, 7845 Michigan Road. The landlord, Michigan Road Plaza LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented herself.

Sales/acquisitions

-Arbor Homes bought a 34-lot subdivision at 3912 S. Meridian St. The price wasn’t disclosed. The buyer was represented by Robert J. Lane of Carpenter Commercial Realtors. The seller, Meridian Street Partners, was represented by Brenda Richards of Carpenter Commercial Realtors.

-Gary Aletto bought a 13,712-square-foot office building at 2445 N. Meridian St.  The price wasn’t disclosed. The buyer was represented by Brad King and Ron Bell of Colliers International. The seller, Community Action of Greater Indianapolis, was represented by Mary Beth Kohart of Cassidy Turley.

Few employers say they’ll drop health coverage

Few employers in Indiana say they’re likely to drop health benefits after state insurance exchanges are formed in 2014, according to a new survey by the health benefits firm Mercer.

Lilly committed to China despite IP woes

Indianapolis-based Eli Lilly and Co. is one of several Western pharmaceutical firms that see China as a linchpin of growth in coming years, due to patent expirations and a slowdown in government reimbursements for prescription medicines in the U.S. and European markets.

Company news

Samy Meroueh, a professor of biochemistry and molecular biology at the Indiana University School of Medicine, will receive $720,000 over a four-year period from the American Cancer Society to fund his cancer research. Meroueh’s research focuses on uPAR, a cell surface receptor that exists only in cancer cells that metastasize, making it an excellent target for the development of drugs. Metastasis, or the spreading of cancer from one organ to another, is the main reason that more than 90 percent of patients succumb to cancer, according to Meroueh. With earlier funding from the National Institutes of Health, Meroueh’s lab in Indianapolis has identified small molecules that attach to uPAR on the surface of cancer cells in metastatic tumors. He is now concentrating his research on two experimental compounds to examine their ability to block metastasis of breast cancer in mice. Meroueh hopes to later link his compounds to existing chemotherapy agents to deliver them directly to cancer cells, while sparing healthy cells.

Eli Lilly and Co. has joined a race to launch a new class of drugs to lower heart disease risk. An experimental drug under development by Lilly doubled levels of good cholesterol in a Phase 2 clinical trial, according to Bloomberg News. Good cholesterol, or HDL, sweeps the bad form of the fatty substance, called LDL, out of arteries, helping to reduce clogs. Lilly’s drug, called evacetrapib, boosted HDL as much as 129 percent and lowered bad cholesterol as much as 36 percent, the Indianapolis-based drugmaker reported on Nov. 15. Two other companies—New Jersey-based Merck & Co. Inc. and Switzerland-based Roche Holdings AG, have already moved similar drugs to the third and final phase of human trials, according to Bloomberg. Both drugs are predicted to be blockbusters with more than $5 billion in annual sales if they are approved. All three rivals aim to avoid the toxicity seen with a previous good cholesterol drug from New York-based Pfizer Inc. that was abandoned in 2006 after it triggered deaths in a study.

The St. Vincent Heart Center of Indiana was named one of 50 cardiovascular hospitals in the country by market research firm Thomson Reuters. According to the firm, 97 percent of all heart inpatients at U.S. hospitals survive their procedures and 96 percent remain complication free. Still, the top 50 hospitals have even better results, including 23 percent fewer deaths for bypass surgery patients, a 40-percent lower rate of heart failure complications, fewer readmissions, shorter hospital stays and costs that were lower by $4,200 per patient. Thomson Reuters based its analysis on data from the 2009 and 2010 Medicare Provider Analysis and Review, which includes nearly all senior patients. The St. Vincent Heart Center was the only Indianapolis hospital named to the list this year.

More traffic expected for Thanksgiving

The AAA Hoosier Motor Club expects more people to travel this year for Thanksgiving and is urging motorists to be cautious. The group says about 42.5 million people will drive at least 50 miles to a holiday event during the weekend. That’s an increase of 4 percent from a year ago. Local law enforcement agencies expect to be out in force on local roads. In 2010, there were 492 collisions reported in Marion County during Thanksgiving weekend, resulting in three deaths and 124 injuries.