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Star reducing staff ahead of headquarters relocation

The Indianapolis Newspaper Guild, which represents most of the Star's newsroom and building-services employees, said the newspaper intends to chop newsroom staff and management 15 percent over the next few weeks.

Leases/leasing contracts

-Buchanan Group Services LLC leased 80,000 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by John Snell of Snell Real Estate Evaluation Co. Inc. The landlord, 2525 Shadeland LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-DSG Indiana LLC leased 75,578 square feet of industrial space at 909 Whitaker Road, Plainfield. The tenant was represented by Luke Wessel of Cassidy Turley. The landlord, Industrial Income Trust, was represented by Brian Seitz of JLL.

-Pilkington North American leased 10,027 square feet of industrial space at 612 Blanchard St., Shelbyville. The tenant was represented by Jason Speckman of Cushman & Wakefield/Summit. The landlord, 222 Group LLC, was represented by Todd Vannatta of Cassidy Turley.

-Pet Supplies Plus leased 7,011 square feet of retail space in Indian Creek Commons Shopping Center, 10625 Pendleton Pike, Suite A-1. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate and John Liprando of Sullivan Hayes. The landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty.
 
-Hoosier Connection Limousine Inc. leased 4,318 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Ryan Carroll of Carson Realty. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Center Grove Dentistry PC leased 2,800 square feet at 1405 W. County Line Road, Greenwood. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, First Financial Collateral Inc., was represented by Steve Beals and Richard King of Lee & Associates.

-World Finance leased 2,580 square feet of retail space in Walnut Hills Plaza Shopping Center, 2008 Stafford Road, Plainfield. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Walnut Bliss LLC, was represented by Todd Camesasca of Kosene & Kosene.

-Flynndogg Enterprises LLC, dba Hot Box Pizza, leased 2,400 square feet at 14300 Mundy Drive, Suite 700, Noblesville. The tenant was represented by Jason S. Challand of Echelon Realty Advisors. The landlord, Prairie Lakes II LLC, was represented by Liz Yoho of Providence Development.

-The Voice Clinic LLC leased 2,115 square feet at 1185 W. Carmel Drive, Carmel. The tenant was represented by Matt Jackson of Jackson IG LLC. The landlord, Old Meridian Investments LLC, represented itself.

-A Breathe of Heaven leased 1,360 square feet of retail space in Indian Creek Commons Shopping Center, 10625 Pendleton Pike, Suite A-9. the landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs, Seth Biggerstaff and Kyle Hughes of Veritas Realty. The tenant represented itself.

-Sherman Wireless leased 800 square feet of retail space in Brightwood Plaza Shopping Center, 2435 N. Sherman Drive. The landlord, Brightwood Plaza Investors LLC, was represented by Kyle Hughes, Paul Rogozinski and Seth Biggerstaff of Veritas Realty. The tenant represented itself.

-Roman & Leo leased 550 square feet of retail space at 8664 E. 116th St., Fishers. The tenant was represented by Seth Biggerstaff of Veritas Realty.  The landlord, Fishers Depot LLC, was represented by Hamada Ibrahim of R.P. Lux Commercial Real Estate Services.

Construction

-Capitol Construction has completed a 9,900-square-foot shell for Dollar General at 21 E. Main St., Pittsboro.

-Capitol Construction has completed a 1,700-square-foot office build-out for Steinborn at 50 E. 91st St.

-Capitol Construction has completed a 700-square-foot retail build-out for Hubbard & Cravens Coffee at 11 S. Meridian St.

Rates

The average rate for 30-year mortgages rose from 4.28 percent to 4.29 percent in the week ended Aug. 7, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.40 percent.

Sales/acquisitions

-Tuttle Development Main Street LLC bought 35 acres at the northwest corner of 146th Street and Promise Road in Noblesville. The buyer was represented by Herb Feldman of Lee & Associates and Doug McAuley of Douglas Realty Advisors Inc. The seller, First Merchants Bank, was represented by Jason S. Challand of Echelon Realty Advisors.

-Shelbyville Retail LLC bought a 1.03-acre retail parcel at Shelbyville Marketplace, 2400 Marketplace Blvd., Shelbyville. The buyer was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The seller, Progress Parkway LLC, was represented by Nancy A. Smith of Carpenter Realtors and Ryan Zickler of Zickler Associates LLC.

CIB to provide $5M for natatorium maintenance

The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.

Groups want Indianapolis utility to test water

Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.

More patients help drug firms pass ‘valley of death’

In spite of the beaucoup bucks in the pharma sector, patients, along with their families and committed advocates, are turning out to be better sources of funding for early stage companies because they tolerate risk better than drug companies and investors.

Cuts, price hikes fuel IU Health’s quarterly profit

The decline in patient visits slowed a bit for Indiana University Health in the second quarter, allowing the hospital system to use a price increase and cost cuts to significantly boost its operating profit.

CBS affiliation switch means major changes at WTTV

Those changes are coming in the wake of Monday’s huge announcement that Chicago-based Tribune Broadcasting, parent to WTTV, has wrestled away the CBS-TV affiliation held by WISH-TV Channel 8 since 1956.

Company news

Major Hospital is seeking public input on its plans to build a $100 million hospital on the northern edge of Shelbyville, according to The Shelbyville News. The plans, which Major executives have been mulling since 2003, call for a 240,000-square-foot facility that would connect to Major’s Benesse Oncology Center in the Intelliplex business park. Major has also opened orthopedic, cardiology and OBGYN centers in the park. Major’s inpatient hospital in the center of Shelbyville has 72 beds, but the vast majority of the care Major provides is on an outpatient basis. Major has already begun to solicit bids from construction firms and bond rating agencies. CEO Jack Horner said the Major Hopsital board could make a decision on building a new hospital by October.

St. Vincent Heart Center wants to build a helipad about a half-mile from the specialty hospital. Currently, helicopter ambulances transporting cardiovascular patients must land at a borrowed facility a couple of miles north, on the opposite side of heavily traveled U.S. 31—adding as much as 20 minutes to the trip. Carmel’s Board of Zoning Appeals denied a similar request back in 2008, saying the proposed location was too close to nearby neighborhoods. But the newly proposed location at 10202 N. Meridian St. is less residential. The now-vacant land was once the home of Pilgrim Lutheran Church, which moved to 106th Street in 2012 to make way for the U.S. 31/I-465 interchange improvements now under construction. The zoning board is scheduled to consider the request at its Aug. 25 meeting.

Warsaw-based Symmetry Medical Inc. plans to sell off the orthopedics components subsidiary that generates nearly 80 percent of its revenue, according to Greater Fort Wayne Business Weekly. Massachusetts-based Tecomet, which is part of Genstar Capital, has agreed to pay $450 million for the OEM Solutions subsidiary. As part of the sale, Symmetry Medical will transfer ownership of its surgical instrument business, Symmetry Surgical, to the company’s shareholders and turn Symmetry Surgical into a newly traded public company. Shareholders would get one share of the new company for every four shares of Symmetry Medical stock. OEM Solutions generated nearly $81 million in revenue in the second quarter. Symmetry Surgical, meanwhile, saw $20.4 million in second-quarter revenue, down 8.7 percent from a year earlier.

WellPoint Inc.’s California subsidiary has partnered with the not-for-profit health plan Blue Shield of California to pay $80 million to launch a medical data sharing portal, according to the Associated Press. The California Integrated Data Exchange, known as Cal INDEX, is designed to share patients’ medical claims records electronically among doctors and hospitals, even for emergency room patients. Mark Morgan, president of WellPoint’s Anthem Blue Cross plan in California, said the health plans will mimic successful models such as the New York e-Health Collaborative and Indiana Health Information Exchange. The health plans’ information from patients' billing claims could supplement treatment records in the 30 health information exchanges health care providers have already created in California.

People

Katelyn Becht, a nurse practitioner, has joined St. Vincent Medical Group in Carmel. Becht received a bachelor’s degree from Purdue University and a master’s degree in nursing administration from Indiana Wesleyan University in Marion.

Dr. Andrew Miller has joined Eskenazi Health Midtown Community Mental Health as a child and adolescent psychiatrist. He earned his medical degree from the Indiana University School of Medicine. He received a bachelor's degree in biology from IU-Bloomington.

Dr. Peter Hogg, an orthopedic surgeon, has joined Franciscan Physician Network Orthopedic Specialists. He earned his medical degree from the Indiana University School of Medicine and a bachelor’s degree in biochemistry from DePauw University.

Andrea Pfeifle, a physical therapist, has been named the first assistant dean and director of the Indiana University Center for Interprofessional Health Education and Practice. The center was created to prepare future health care providers to deliver team-based care. Pfeifle comes to IU from the University of Kentucky, where she held a similar position. She earned a doctorate in education from the University of Kentucky.