Home » Search

Search Results

14231 results for 'articles'

To refine your search through our archives use our Advanced Search

Construction

Holladay Construction Group LLC has completed a 22,500-square-foot inpatient psychiatric hospital for Haven Behavioral Services of Indianapolis LLC at 6720 Parkdale Place.

People

Carmel-based Mainstreet has added the following Michael Klingl as a development director, Lindsey Phipps as a development coordinator, Erin Marlow as an administrative assistant, Jason Rodgers as a construction project manager, and Sara Shew as concierge.

Rates

The average rate for 30-year mortgages rose from 4.27 percent to 4.33 percent in the week ended Sept. 18, according to Bankrate.com. The rate for 15-year mortgages rose from 3.42 percent to 3.46 percent.

Leases/leasing contracts

-Becker Electric Supply leased 17,600 square feet of industrial space at 1304 Sadlier Circle, West Drive.The tenant was represented by Michael Weishaar and Scott O'Neil of Cassidy Turley. The landlord, 1304 PFH LLC, was represented by Criss Horton of One Source Commercial Realty.

-KJWW PC leased 9,762 square feet at 8900 Keystone Crossing. The tenant was represented by Graham Summers and James Clark of JLL. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Zito of JLL.

-Q-Bo renewed its least for 7,500 square feet at Augusta Plaza, 2820 Westland Road,.  The landlord, Augusta Plaza Associates LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-The Basement: Design + Motion leased 7,256 square feet of office space at 39 Jackson Place, South Drive. The tenant was represented by Bennett Williams, Andrew Martin and Megan Drudy of Cassidy Turley. The landlord, CHA Consulting Inc., was represented by Kevin Gillihan and James Clark of JLL.

-USAwning Network LLC renewed its lease for 7,200 square feet of industrial space at 3875 Culligan Ave. The landlord, Brookside Industrial Park LLC, was represented by Fritz Kauffman of Cassidy Turley. The tenant represented itself.

-Atlantis Realty Group Inc. leased 4,275 square feet at 8645 E. 96th St. The landlord, Young Realty Crosspoint Six, was represented by Lori Pfeiffer and Larry Davis of Sitehawk Retail Real Estate. The tenant represented itself.

-Gigi's Playhouse leased 3,300 square feet of space for the first Down Syndrome Achievement Center in Indiana at 5909 E. 86th St. The tenant was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The landlord, Stough Associates, was represented by Joe Tarpey of Colliers International.

-Euro Style Salon & Spa leased 1,485 square feet at Yates Center, 1980 E Stop 13 Road. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.  The tenant represented itself.

Sales/acquisitions

-McCordsville Investment LLC bought 25 acres known as Parcel G at County Roads 600 and 900 in McCordsville. The buyer was represented by Gurinder Singh of Adhoyee Real Estate. The seller, Fifth Third Bank, was represented by Sharon Thompson of KW Commercial Indiana.

-AJ Partnership Inc. bought a three-acre corner lot at 6725 S Franklin Road. The buyer was represented by Craig Ramsey of Sitehawk Retail Real Estate. The sellers, The Winzenreads, were represented by Sharon Thompson of KW Commercial Indiana.

-Sewall Enterprises LLC bought a 14,850-square-foot industrial property at 5740 Elmwood Court. The buyer was represented by Ed Christman of Real Estate Solutions. The seller, WF Industrial Properties III LLC, was represented by Grant Lindley of Cassidy Turley.

-David GTO LLC bought a 103,586-square-foot industrial property at 6450 Gateway Drive. The buyer was represented by Fabricio Perez of Perez Realty Group LLC. The seller, F. S. Maas & Co., was represented by Michael Weishaar and Scott O’Neil of Cassidy Turley.

-Dongho Lee bought a 2,120-square-foot building at 6177 N. College Ave. The buyer was represented by Todd Camesasca of Kosene & Kosene. The seller, Ansaga LLC, was represented by Jason Challand of Echelon Realty Advisors.

-Fuzion Real Estate Holdings bought vacant land at 6548 Cornell Ave. where it intends to build a 4,000-square-foot office building. The buyer was represented by Jason Challand of Echelon Realty Advisors. The seller, PEI Cornell LLC, was represented by Laurel Moses of F.C. Tucker Co.

-A private equity group led by Indianapolis-based James Management and Dallas-based Newport Capital bought the 604-unit Port O' Call and Golden West apartments near North Mickley Avenue and West Market Street. The seller, Borns Management, was represented by Tikijian Associates. The buyer represented itself.

IU Health to bypass Indy next year on Obamacare exchange

IU Health Plans, the insurance arm of the Indianapolis-based hospital system, is limiting itself to three middle-size markets next year—Bloomington, Lafayette and Muncie—even though the bulk of its facilities is in the metro area.

Neighbors file suit to block 2,000-hog facility

Nearby residents raised worries that the hog facility would lower the water table, cause odors and increase truck traffic near their homes in the rural area about 30 miles south of Indianapolis.

Company news

A Purdue University startup is developing drugs that could reduce a neurotoxin believed to play a part in multiple sclerosis, neuropathic pain and Parkinson’s disease. Neuro Vigor LLC formed last year, based on the research of Riyi Shi, a Purdue professor of neuroscience and biomedical engineering. The company is now trying to raise money to help it prepare for and conduct human trials of one of its drugs. Its drugs are designed to reduce the level of acrolein in patients’ brains. "Our preclinical research has shown by lowering acrolein we could much reduce the symptoms and pain of neurological diseases and injuries,” Shi said in a statement. He co-founded Neuro Vigor along with Mark Van Fleet, a senior executive with the U.S. Chamber of Commerce, and David Giddings, the former president of Boehringer Mannheim Corp.

The U.S. Department of Agriculture approved Dow AgroSciences LLC’s Enlist corn and soybean traits in the United States. Indianapolis-based Dow Agro now awaits action by the Environmental Protection Agency to register the companion herbicide to the Enlist traits, which is a new version of the 2,4-D weed killer that's been around since the 1940s. The EPA has said it will rule this fall on Indianapolis-based Dow AgroSciences' application to market the chemical. After the EPA acts, Dow Agro said, it will update its plans to bring Enlist to market in 2015. The agriculture industry has been anxiously awaiting the approvals, as many weeds have become resistant to glyphosate, a herbicide commonly used on corn and soybeans now. Dow Agro, which is a subsidiary of Michigan-based Dow Chemical Co., also formed a strategic research and development alliance last week with Greenfield-based Elanco Animal Health. The two companies will work to develop products that enable livestock producers to increase meat and milk production. Elanco, a subsidiary of Indianapolis-based Eli Lilly and Co., was a co-founder of Dow Agro in 1989 but sold its stake to Dow Chemical in 1997.

Eli Lilly and Co. agreed to pay AstraZeneca plc as much as $500 million to jointly develop an experimental oral drug for Alzheimer’s, according to Bloomberg News. The two companies will work together to develop AZD3293, which belongs to a class of drugs called BACE inhibitors that block production of amyloid, a protein that causes plaque to build up in the brain of Alzheimer’s patients. The two companies will work to begin studies in patients with early Alzheimer’s disease. Lilly will lead clinical development while AstraZeneca will be responsible for manufacturing. London-based AstraZeneca will receive the first milestone payment of $50 million in the first half of 2015 and the companies will share equally all future costs and potential global revenue. Indianapolis-based Lilly had been developing its own BACE inhibitor, but it failed in clinical testing because of safety issues. The only drugs approved for Alzheimer’s merely ease symptoms for a few months while the debilitating brain disease progresses. Still, they generate more than $5 billion annually.

The U.S. Food and Drug Administration approved a new injectable diabetes drug from Eli Lilly and Co. for adults with Type 2 diabetes, according to Bloomberg News. The drug, Trulicity, is part of a new class of medicines called GLP-1 agonists, which spur the pancreas to create extra insulin after meals. Indianapolis-based Lilly is counting on new drugs like Trulicity to replace falling revenue from blockbusters like the antidepressant Cymbalta, which is facing cheaper generic competition after the expiration of its patent. Analysts predict the drug could eventually bring in $700 million to as much as $1.3 billion annually in revenue. The drug will bear a boxed warning — the most serious type — highlighting that rats tested with Trulicity had cases of thyroid cancer, though it's unclear whether they were caused by the drug. Lilly will be required to conduct follow-up studies on cases of thyroid cancer, heart problems and other potential safety issues with the drug.

 

People

Dr. Nicole King, an OBGYN, has joined Hendricks Regional Health at its New Life Associates practices in Brownsburg and Danville. She received her medical degree from the University of South Florida College of Medicine.

St. Vincent Medical Group officials have added four physicians in Indianapolis specializing in critical care, pulmonary and sleep medicine. Dr. Edward Mintz, a pulmonologist, received his medical degree from Technion Institute of Technology, Haifa, Israel. Dr. Moayyed Moallem, a pulmonologist and sleep medicine specialist, received his medical degree from the University Of Damascus School Of Medicine in Syria. Dr. Michael Shapiro, a pulmonologist, received his medical degree from the University of South Florida. Dr. Brent Toney, a pulmonologist, completed his degree in osteopathic medicine from Nova Southeastern University in Fort Lauderdale, Florida.

Meijer planning to build store in Glendale area

The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.

Indiana pension fund assets grow to record high

Indiana's pension fund for public employees and teachers has grown to a record high of $30.2 billion in assets thanks to "a great year" of returns on its investments, the fund's leader says.