Colts training complex open to players
NFL said players will be treated with courtesy, but will not be allowed to use weight rooms or other practice facilities. Contract negotiations between Colts and Peyton Manning still on hold.
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David Marsh fears criminal charges from IRS probe
Attorneys for David Marsh say information the executive has received from the IRS suggest he might face both criminal and civil charging stemming from expenses he submitted for reimbursement while serving as president of Marsh Supermarkets Inc.
Cummins’ profit more than doubles in first quarter
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
Lilly teams with Medtronic on Parkinson’s treatment
Eli Lilly and Co. plans to use an implantable drug-delivery system made by Medtronic Inc. to precisely target patients' brains with an experimental drug for Parkinson’s disease.
Pentagon pulls plug on Rolls-Royce engine project
Congress and the General Electric/Rolls-Royce group that was developing the engine were notified of the termination decision Monday. Rolls-Royce had about 130 people, mostly engineers, working on the F-35 project in Plainfield and Indianapolis.
Estridge becomes division of national home builder
The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
Profit, revenue up at Interactive Intelligence
The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Leases/leasing contracts
-Hobby Lobby leased 55,668 square feet at Southtown Center, 4380 S. Scatterfield Road, Anderson. The tenant was represented by David Leathers of DL Johnson Co. and Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.
-Dollar General leased 10,031 square feet at Dori Plaza, 8323 E. Washington St. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, Sandor Development, was represented by Jamison Downs of Sandor.
-Oak Security Group LLC leased 7,945 square feet of industrial space in the Northeast Business Center, 8904 Bash St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Westminster Northeast LLC, was represented by Bryan Miller of Cassidy Turley.
-John Hancock Life Insurance Co. leased 6,135 square feet of office space at 8425 Woodfield Crossing Blvd. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Cassidy Turley Midwest Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-USA Party Supplies Inc. leased 6,000 square feet at College Park Plaza, 3479 W. 86th St. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.
-TQL Inc. leased 4,621 square feet at 9000 Keystone Crossing. The tenant was represented by Nick Arterburn 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.
-Civil & Environmental Consultants Inc. leased 2,750 square feet at The Maxwell, 530 E. Ohio St. The landlord, Milhaus Development, was represented by Tadd Miller of Milhaus. The tenant represented itself.
-G-Spa Tanning Salon leased 2,170 square feet at Ashley Crossing, 733 Loews Blvd., Suite C, Greenwood. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.
-Handbag Trading leased 1,768 square feet at College Park Plaza, 8403 Michigan Road, Suite D. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.
-G-Spa Tanning Salon leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite O. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.
-Pole Up LLC leased 1,960 square feet at Indianapolis Pavillions, 7035 E. 96th St., Suite F2. The landlord, Sandor Development, was represented by Jamison Downs of Sandor. The tenant represented itself.
-Holland & Holland leased 1,255 square feet at 8888 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.
-Indy Gold & Silvers LLC leased 1,254 square feet at College Park Plaza, 3325 W. 86th St., Suite L. The landlord, Sandor Development, was represented by Jamison Downs and John Holloway of Sandor. The tenant represented itself.
Construction
-Wilhelm Construction Co. has been hired by the University of Indianapolis to build South Hall, a residence hall that will house 200 students on the south side of Hanna Avenue in the heart of campus. Work will begin next month on the project, which is expected to be complete by August 2012.
-Alt Construction has completed a 3,600-square-foot retail build-out for Mattress Firm at 2625 E. 62nd St.
-Alt Construction has completed 1,567-square-foot office expansion for Indianapolis Neighborhood Housing Partnership at 2065 E. 62nd St.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity increased 5.3 percent for the week ended April 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.83 percent from 4.98 percent the previous week. The rate for 15-year mortgages decreased to 4.07 percent from 4.17 percent.
Sales/acquisitions
Stock Yards Bank bought the 2,990-square-foot former Cord Camera building at 6840 Lake Plaza Drive. The price wasn’t disclosed. The buyer was represented by Katie Sobotowski of Summit Realty Group. The seller, CCC Realty, was represented by Keith Fried of Sitehawk Retail Real Estate.
Real estate-related bills still alive in Legislature
The bill with perhaps the best chance of emerging is the so-called dinosaur buildings bill, which would make it easier to win tax incentives for renovating obsolete industrial buildings.
Judge orders Indiana recount chief into court
A judge Monday ordered the head of the Indiana Recount Commission to appear before him this week to explain why the panel has not moved more quickly in considering whether Republican Secretary of State Charlie White was a valid candidate when he won election last fall.
Teacher merit pay bill heads to Daniels’ desk
A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.
Company news
Bedford Regional Medical Center will receive a $46.8 million community facility direct loan from the U.S. Department of Agriculture to construct a new critical access hospital, according to an announcement from U.S. Sen. Dick Lugar’s office. Bedford Regional is owned by Indianapolis-based Indiana University Health, and is one of two hospitals in the southern Indiana town.
Indiana University Health ranked as the fourth-busiest transplant center in the nation, according to new data from the U.S. Organ Procurement and Transplantation Network. The Indianapolis-based hospital network performed 500 organ transplants last year, an uptick from 483 transplants in 2009. In three categories—intestine, pancreas and kidney-pancreas—IU Health ranked No. 1in the nation for volume of transplants. IU Health also ranked third in abdominal organ transplants, sixth in liver transplants, and ninth in kidney transplants. IU Health, formerly known as Clarian Health, has ranked as one of the nation’s top 10 busiest transplant centers since 2003.
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass April 18 despite a large majority of shareholders voting to remove those barriers for the second straight year. At the drugmaker’s annual shareholders meeting at its Indianapolis headquarters, 84.7 percent of the votes cast called for removing several provisions designed to prevent a hostile takeover of the company. However, Lilly’s bylaws require approval from 80 percent of all shares—whether voted or not—before removing the provisions. By that standard, only 72.6 percent of shares were voted in favor of removal. The vote tallies were nearly identical to those at last year’s meeting. For the past 25 years, Lilly has required the approval of 80 percent of the shareholders not only to approve hostile takeovers, but also to enact measures used to achieve them, such as removing directors before their terms end or expanding the size of the board. If the proposal had passed, such measures could have been approved by a bare majority of shareholders.
People
Community Hospital South has hired Dr. Sheryl King as director of inpatient pediatrics. She holds a medical degree from the Indiana University School of Medicine. King practiced in Bloomington for 12 years before moving her practice to Johnson County in 2007.
Community South Hospital named Cheri Pfahler, a registered respiratory therapist, as its neonatal and pediatric cardiopulmonary manager. She comes to Community after serving as clinical coordinator of respiratory care for women’s and children’s services at Franciscan St. Francis Health.
Community Health Network named Jessie Westlund, a registered nurse, its chief integration officer. Westlund has previously been CEO of Community’s home health services unit.
Community Health Network also named Tom Malasto as chief operating officer of its three Indianapolis hospitals: Community North and the Indiana Heart Hospital in Castleton, Community East and Community South, along the county line between Marion and Johnson counties. Malasto has previously been CEO of the Indiana Heart Hospital.
Victor Esan has accepted the position of chief practice officer of IU Health Ball Memorial Hospital, where he will work to form and grow physician partnerships in and around Muncie. Esan previously worked at Howard Regional Health System in Kokomo. He earned master's degrees in public management and business administration from Indiana University Kokomo.
India J. Taylor Owens, a registered nurse, has been selected as director of emergency services at Franciscan St. Francis Health, overseeing the emergency departments at Franciscan’s Beech Grove, Indianapolis and Mooresville hospitals. Owens most recently served as director for emergency services at Indiana University Health West Medical Center in Avon.
WellPoint Inc. named Meg Rush vice president of consumer experience and e-marketing. Most recently, Rush served as vice president of product management and design for WebMD Health Services. Rush holds a bachelor's degree from St. John Fisher College in New York and a master's of management degree from Pennsylvania State University.
Adam Chavers has joined Indiana University Health as executive director of corporate real estate for the chain’s hospitals statewide. Before joining IU Health, Chavers served for seven years as Indianapolis-based Kite Realty Group Inc.’s vice president of acquisitions, dispositions and investor relations.
Car fires hit Broad Ripple complex
A recent rash of car fires has residents at a Broad Ripple apartment complex on edge. Shore Acres Apartments, near East 71st Street and Westfield Boulevard, has experienced six car fires since December, residents say, with three of those fires in just the past two weeks. The latest happened about 12:45 a.m. Monday. Police are asking for tips.
Police seek teens in downtown death
The body of a homeless man who was found in an alley in downtown Indianapolis last Thursday morning has been identified as Steve McGuire, 61. McGuire died of blunt force trauma, and police seek a group of teens spotted near the scene in connection with his death. The body was discovered in a loading-dock area of the Sheraton Indianapolis City Centre Hotel, just off Monument Circle. Family members say McGuire struggled with bipolar disorder.