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Purdue, IU rank high in international students

The Institute of International Education says Purdue University has 7,500 international students at its West Lafayette campus, while Indiana University has 5,400 in Bloomington.

Republic to cut 220 Frontier jobs in turnaround bid

Frontier Airlines will cut 4.4 percent of its work force as it reduces flight operations in Denver and Milwaukee after Indianapolis-based parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.

Indiana legislative panel endorses test of iPads

An Indiana legislative panel endorsed a pilot program Monday that would equip two General Assembly committees with iPads in the upcoming session as part of a push to cut the amount of paper used to print copies of bills for lawmakers.

ISO reports smaller deficit, bigger endowment

The parent organization of the Indianapolis Symphony Orchestra said its expenses exceeded revenue by $1.7 million on a budget of $25.6 million for the 2010-2011 fiscal year. The deficit was $1 million less than a year ago, while the ISO endowment grew by $5.5 million.

Residential

The average rate for 30-year mortgages rose from 4.23 percent to 4.25 percent for the week ended Nov. 9, according to Bankrate.com. The rate for 15-year mortgages rose to 3.5 percent from 3.48 percent.

Construction

Capitol Construction has completed a 1,600-square-foot renovation of a Starbucks at 645 W. 11th St.

People

–Stephen J. Adams and Christopher M. Horsley have been promoted to vice president at Hokanson Cos. Inc.

–Jack Hogan has joined the landlord leasing team at Jones Lang LaSalle.

–Don Hammersley has joined JBM Contractors Corp. as a project engineer and Richard Smith has joined JBM as a senior project manager/estimator.

Logistics company plans 315 jobs in North Vernon

Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.

Leases/leasing contracts

-Interactive Intelligence expanded its leased space by 65,000 square feet in Woodland Corporate Park I, 7602 Woodland Drive, and Woodland Corporate Park VI, 7635 Interactive Way. The tenant was represented by Jeff Harris of NAI Meridian. The landlord, Duke Realty, was represented by Duke’s Traci Kapsalis.

-Mattress Firm leased 32,800 square feet at North by Northeast Distribution Center, 9901 Kincaid Drive, Fishers. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate.  The landlord, Prologis-North Carolina Limited Partnership, was represented by Chip Barnes and Matt Dickerson of Jones Lang LaSalle.

-County Line Emporium leased 26,600 square feet at Summerfield Crossing, 11 Declaration Drive, Greenwood. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, Donald Cowden Revocable Trust, represented itself.

-Pulte Homes of Indiana LLC leased 12,719 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services LLC.  

-International Business Machines Corp. leased 12,175 square feet at 8888 Keystone Crossing. The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Blueberry Hill Pancake House leased a 5,910-square-foot building at 460 Town Center Road, Mooresville. The landlord, Lim Revocable Trust, was represented by Tracey Holtzman of Midland Atlantic. The tenant represented itself.

-Archway Technologies LLC leased 9,908 square feet at 9100 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Lloyd Meister leased 7,578 square feet at 8900 Keystone Crossing.  The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Texas Corral leased 7,000 square feet at 2103 Intelliplex Drive, Shelbyville. Both the tenant and landlord, Spirit Master Funding IV LLC, were represented by Michael Cranfill and Steve Delaney of Sitehawk Retail Real Estate.

-Lincoln National Life Insurance Co. leased 5,159 square feet at 8900 Keystone Crossing. The tenant was represented by Kim Hartman of Colliers International. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Strategic Marketing Affiliates Inc.  leased 3,403 square feet at 8900 Keystone Crossing. The tenant was represented by Graham Summers of Jones Lang LaSalle.  The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
 
-Dr. Leanne Shiro of Shiro Chiropractic leased 1,983 square feet of retail space at Fairview Corners, 520 N. State Road 135, Suite R, Greenwood.  The landlord, Fairview Corners LLC, was represented by Brady Clements of Skyline Property Group LLC. The tenant represented itself.

-Hillhouse and Mulligan leased 1,600 square feet of industrial flex space in Brookville P-52, 8402 Brookville Road. The landlord, Brookville P-52 LLC, was represented by Brady Clements of Skyline Property Group LLC.  The tenant represented itself.

-Little Caesar’s leased 1,600 square feet of retail space in Heartland Village Shoppes, 8411 Windfall Lane, Camby. The landlord, Heartland Village Shoppes LLC, was represented by Brady Clements of Skyline Property Group LLC.  The tenant represented itself.

-Maribel Rivera leased 1,504 square feet of retail space in Michigan Road Plaza, 7841 Michigan Road. The landlord, Michigan Road Plaza LLC, was represented by Brady Clements of Skyline Property Group LLC.  The tenant was represented by Kelli Membreno of Libertad Real Estate LLC.

-Sports Clips leased 1,300 square feet at 11725 Fox Road. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, Fox Road LLC, represented itself.

-Gresk & Singleton leased 888 square feet at Greenfield Corner Shoppes, 176 E. New Road, Greenfield. The landlord, Midland Atlantic, was represented by Midland Atlantic’s Jeff Hubley. The tenant represented itself.

Sales/acquisitions

-SolTerra Investment Co. LLC bought a 9,100-square-foot Dollar General store at 37th Street and Keystone Avenue for $1.2 million. The buyer was represented by Chris Stuard of Sperry Van Ness/Martin Commercial Group. The seller, First Circle Investments LLC, was represented by Jordan Klink and Kahlil Barnard of the Indianapolis office of Marcus & Millichap.

-Douglas Realty Group bought the 55,000-square-foot Northeast Office Center at 56th St. and Interstate 465. The price was not disclosed. The buyer was represented by Paul Sommers, an independent broker. The seller, Indy Holdings Inc., was represented by independent broker Ron Stewart.

Company news

WellPoint Inc. is one of several health insurers weighing bids as high as $2 billion for XLHealth Corp., a provider of managed care for chronically ill Medicare members, according to Bloomberg News. According to unnamed sources cited by Bloomberg, the bids for XLHealth may value the company in a rage from $1.5 billion to $2 billion. A deal may be announced in the coming weeks, Bloomberg reported. Indianapolis-based WellPoint and its peers have made a point of expanding their services to beneficiaries of the federal Medicare program, which is expected to grow rapidly thanks to aging baby boomers. By contrast, WellPoint expects its bread-and-butter employer business to stagnate soon. In June, WellPoint purchased California-based CareMore Health Group, which serves Medicare patients. XLHealth, started in 1997, provides managed care services for Medicare patients with diabetes, heart disease and other chronic conditions. It has 111,000 members in Medicare products, including the Part D drug plan and the Advantage plan for physician fees and hospital charges.

West Lafayette-based Medtric Biotech LLC won $65,000 in cash and services at the Purdue University Life Sciences Business Plan Competition for its winning presentation on its innovative wound-care technology. Medtric’s technology uses "nanobubbles" in its antimicrobial process for destroying bacteria to help prevent and treat infected wounds. Two other West Lafayette companies—BioRegeneration Technologies and QuantIon Technologies Inc.—placed third and fourth, respectively. The runner-up company was OneBreath, of Palo Alto, Calif., which is developing a simpler platform to provide mechanical ventilation for those with respiratory problems from flu or other trauma.

Indianapolis-based Better Healthcare for Indiana is convening community leaders to improve health and health care in cities around Indiana. The not-for-profit group’s third annual “All Healthcare is Local” conference will take place on Nov. 16 at Second Presbyterian Church in Indianapolis. Leaders from Terre Haute, Columbus, Kokomo and Evansville will all give presentations on the efforts in their communities. Keith Reissaus, vice president of community and work force initiatives at Goodwill Industries of Central Indiana, will give the lunchtime talk. The keynote speech, titled “Healthy Communities Mean Lower Costs,”  will be delivered by Tyler Norris, president of Community Initiatives Inc. in Boulder, Colo., and a senior adviser to the California-based health insurer and medical provider Kaiser Permanente.

In an early example of enforced rebates, Indianapolis-based WellPoint Inc. is one of 11 health insurers ordered by New York Gov. Andrew Cuomo to refund $114.5 million to policyholders, according to Bloomberg News. That’s because the insurers failed to spend at least 82 cents of each premium dollar on health care as required by the state. A mandate to spend a certain amount on medical care also is a federal requirement under the 2010 U.S. health reform law. WellPoint’s Empire BlueCross BlueShield was ordered to pay $61.1 million, which is the largest rebate demanded from insurers in New York and nearly three times as much as the second-largest rebate. WellPoint’s Empire payments represent about 3 percent of its total premium revenue for insurance products subject to these laws, Kristin Binns, a WellPoint spokeswoman, told Bloomberg. “As in previous years, and consistent with New York law, if the amount Empire pays for medical claims is unexpectedly low, Empire pays refunds to its customers,” she said.

Biomedical research at the Indiana University School of Medicine and its partner hospitals pumped $370 million into Indiana's economy in 2009, according to a new study detailed by the Associated Press. The study by the Association of American Medical Colleges estimates the medical school pumped an estimated $142.5 million into the economy directly through federal and state-funded research. That research generated another $228 million in indirect economic activity. It also estimates the Indianapolis medical school's research supported about 2,470 jobs in Indiana in 2009. The report doesn't include economic activity of businesses that commercialize biomedical discoveries made by IU researchers.

Homeless advocates pitch local sales-tax hike

CHIP, the Coalition for Homelessness Intervention and Prevention, said it wants Marion County taxpayers to create a permanent, dedicated source of funding for housing and services.

People

Hall Render Killian Heath & Lyman PC hired three new associate attorneys in its Indianapolis office. Geoffrey Davis focuses his litigation practice in defending physicians, hospitals and dentists.  He graduated from Butler University in 1999 and earned his law degree from the University of Toledo in 2005. Katie Miller focuses on corporate deals, physician integration and intellectual property issues. She graduated from Purdue University in 2008 and from the Indiana University School of Law-Indianapolis in 2011. Chad Wilson, a licensed physical therapist, focuses on hospital and physician contracts. He received all his degrees from Indiana University.

Dr. Ryan R. Lacy has established a practice with Martinsville Family & Internal Medicine with St. Francis Medical Group, the second physician in St. Francis’ new Martinsville medical office. Lacy holds a bachelor’s in biology and a master’s in physiology, both from IUPUI. He did his medical training at the Indiana University School of Medicine.

Dr. Jeff Sperring, chief medical officer of Riley Hospital for Children at Indiana University Health, has been named the hospital’s president and CEO. Riley was left with a sudden leadership vacuum in late spring after CEO Dan Fink resigned, followed three weeks later by the departure of Chief Operating Officer Brett Lee to another hospital. Since then, Riley’s chief nursing officer, Marilyn Cox, has been serving as interim CEO. She will return to her role in nursing administration. Sperring graduated from Emory University in Atlanta and did his medical training at the Vanderbilt University School of Medicine in Nashville, Tenn.

Teens hit by car recovering

Two teenagers hit by a car Saturday evening in Indianapolis are expected to recover, the families of both victims said. Ram Kahm, 17, and Van Sang, 18, were crossing Madison Avenue about 6:15 p.m. when they were struck, police said. Sang suffered head injuries and broken bones. He was upgraded from critical to serious condition after surgery Saturday night. Kahm was released from Wishard Hospital early Sunday after suffering bruises to his head and back. Police said the 70-year-old driver did not see the teens when they ran across the street by Green Tree Apartments in an area with no lights and no crosswalk.
 

New Butler president sworn in

Jim Danko became Butler University’s 21st president when he was sworn in Saturday. Danko founded one of the largest medical equipment companies in the Midwest, before turning his attention to academics. Danko replaces Bobby Fong, who served as president from 2001 to 2011.
 

Deadline arrives for state fair claims

Monday is the last day to file a claim to receive money from the Indiana State Fair Relief Fund. More than $978,000 was donated to the fund, which was established to help victims of the Aug. 14 concert-stage collapse at the fair. The Indiana State Fair Committee said 26 claims have been received and $530,000 has been paid so far. Seven of the payments were made to the estates of those killed in the tragedy. Claims postmarked with Monday’s date will be processed.