Medco profit rises as mail-order generics business grows
The pharmacy benefits manager, which has major operations in Whitestown, said fourth quarter profit rose 24 percent.
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Open-wheel racing still trying to kick tobacco habit
In the 1970s and 1980s tobacco sponsorship cash was auto racing's life blood. Reliance on the money helped kill CART,
and the IndyCar Series is still trying to figure out how to survive without it.
Moongate Technologies acquired by Michigan firm
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint’s Carmel
office,
which already has about a dozen employees.
WellPoint to face questioning over rate hike
Executives are scheduled to testify Tuesday before a California legislative committee and on Wednesday before a U.S. House
of Representatives committee about big premium increases.
State launches Internet-based relocation tool
The Indiana Economic Development Corp.’s new Web site and buildings database, powered by a geographic information system,
will provide access to real estate and demographic information.
Accident-prone lawyers
The people who wreck cars most often are not pizza delivery drivers, but lawyers. Are they racking up billable hours on cell
phones?
Lilly, Merck, Pfizer starting research center
Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.
Brightpoint receives foreign trade zone status
Granting of foreign trade zone status should help the Indianapolis-based mobile device distributor be more competitive in
the global wireless market, company executive says.
Musical revues back at Athenaeum
American Cabaret vets launch new production company. First show to celebrate “Classic Soul.”
Growing Indiana schools districts suing over funding
Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula
unfairly penalizes districts with growing enrollments.
Report: Brookfield plans bid for Simon target General Growth
Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based
Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
California regulator finds Anthem Blue Cross violations
California’s insurance regulator said Monday his office has found more than 700 violations by the state’s largest for-profit
health insurer, a subsidiary of Indianapolis-based WellPoint.
Cummins, government settle alleged air violations
Diesel engine maker Cummins Inc. has agreed to pay a $2.1 million penalty and recall 405 heavy-duty engines for alleged Clean
Air Act violations.
Receiver: Insolvent Hansen & Horn should be liquidated
The troubled home builder’s $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge,
who takes the recommendation under advisement.
WellPoint gets tax delay in Obama health plan
Insurers WellPoint Inc. and others would get a delay in taxes on premiums and high-cost medical benefits, along with additional
funding for expanding Medicaid, under a White House proposal
Obama endorses new taxes, more drugmaker fees
Obama, seeking to break an impasse over health-care legislation, proposes a plan that includes the first Medicare tax on unearned
income such as capital gains and higher fees on drugmakers.
Daniels opens door on 2012 presidential campaign
After years of denying interest in a presidential bid, Indiana governor tells Washington Post political writer he
may consider bid for Republican nomination on platform of fiscal responsibility.
Insurers warn of problems with federal regulator
President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according
to an insurance trade group.
Leasing/leasing contracts
-Quinlan Marketing Inc. leased 11,477 square feet of office space at 550 Congressional Blvd., Carmel. The tenant was represented by Pete Anderson of Colliers Turley Martin Tucker. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart, also of Colliers Turley Martin Tucker.
-Empire Beauty leased 10,000 square feet at Speedway Super Center, 6020 Crawfordsville Road. The tenant was represented by Cindy Hoskinson, Herb Feldmann and Ron Mannon of Grubb & Ellis Harding Dahm & Co. The landlord, Centro Properties Group, represented itself in the transaction.
-McGuire Sponsel subleased 4,200 square feet of office space at Capital Center, 201 N. Illinois St. The tenant was represented by Michael R. Semler of Colliers Turley Martin Tucker. The lessor, Huntington Bank, was represented by Jon R. Owens and Russell VanTil, also of Colliers Turley Martin Tucker.
-Kilroy’s subleased the 8,533-square-foot former Smokey Bones Restaurant at 201 S. Meridian St. Steve Delaney of Sitehawk Retail Real Estate represented both the tenant, Paul Murzyn, and the lessor, Darden Restaurants, in the transaction.
-Sun Tan City leased 2,747 square feet at Scatterfield Pavilion, 4739 Scatterfield Road, Anderson. The tenant was represented by Ed Bonnacker of The Swiss Group. The landlord, Scatterfield Pavilion LLC, was represented by Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-Asset Management Specialists leased 3,000 square feet at the Seastrom Building, 2351 Kentucky Ave. The tenant was represented by Evert Hauser of Grubb & Ellis Harding Dahm & Co. The landlord, Seastrom & Co., represented itself in the transaction.
-Cherokee Tire leased 2,400 square feet at 5316 W. Minnesota St. The landlord, Blue Real Estate, was represented by Brian Buschuk and Jake Sturman of Jones Lang LaSalle. The tenant represented itself in the transaction.
-Seccion Amarilla USA LLC leased 2,300 square feet at Lake Plaza, 6801 Lake Plaza Drive. The tenant was represented by Miami-based CresaPartners. The landlord, Lake Plaza LLC and LeBarron Investments, was represented by Debbie Shumate of Grubb & Ellis Harding Dahm & Co.
-Kays CPA Group PC leased 2,047 square feet of office space at 3021 E. 98th St. The tenant was represented by Bryan Miller of Colliers Turley Martin Tucker. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd, also of Colliers Turley Martin Tucker.
-eImagine Technology Group leased 1,924 square feet of office space at 6081 E. 82nd St. The tenant was represented by Jenna Barnett of Halakar Real Estate. The landlord, Brookfield Real Estate Opportunity Group, was represented by David A. Moore and Darrin L. Boyd of Colliers Turley Martin Tucker.
-Little Caesars leased 1,467 square feet at 809 S. Harrison St., Shelbyville. The tenant was represented by Ron Mannon of Grubb & Ellis Harding Dahm & Co. The landlord, Family Video Movie Club Inc., represented itself in the transaction.
-Ronald Blue & Co. LLC leased 1,714 square feet at the Indiana American Office Building, 555 E. County Line Road, Greenwood. The tenant was represented by Mark Dietel of Royal Companies Inc. The landlord, County Line Holdings LLC, was represented by Ed Troha of CB Richard Ellis.
Sales/acquisitions
RPD Catalyst, a private equity investor based in Los Angeles, purchased Harbour Town Apartments and Condominiums, a 120-unit apartment community and newly completed 45-unit condominium building on Morse Reservoir, near Noblesville. The property includes a building pad that can accommodate another 45-unit condominium building. The exact sales price wasn’t disclosed but was less than $5 million. T. Scott Pollom Sr. of Colliers Turley Martin Tucker represented the buyer in the cash transaction. The seller was Fifth Third Bank.