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Purdue reports big boost in research funding

July 15, 2014

Purdue University says its researchers obtained $389 million in outside funding in the past year, almost a 22-percent increase from the previous year and just short of a record.

Josh Kaufman among Indy Jazz Fest headliners

July 15, 2014

The multi-venue fest also will feature funk/soul saxophonist Maceo Parker and SNL trombonist Steve Turre.

Court to hear gay marriage arguments in August

July 15, 2014

A federal appeals court in Chicago will hear arguments in challenges of gay marriage bans in Wisconsin and Indiana's on Aug. 13.

Maplehurst plans expansion into Lebanon, 219 jobs

July 15, 2014

Maplehurst, which is based in Brownsburg, said it will renovate and equip a 180,000-square-foot facility in Lebanon that will house the warehouse, distribution and manufacturing operations for its cake and cupcake products.

Rates

July 15, 2014

The average rate for 30-year mortgages rose from 4.28 percent to 4.31 percent in the week ended July 10, according to Bankrate.com. The rate for 15-year mortgages rose from 3.4 percent to 3.41 percent.

Construction

July 15, 2014

-Capitol Construction has completed a 60,000-square-foot office expansion for Next Gear Capital at 11799 N. College Ave., Carmel.

-Capitol Construction has completed a 9,000-square-foot retail and office building for LOR Corp. at 1002 Broad Ripple Ave.

-Capitol Construction has completed a 1,600-square-foot health clinic for Midwest ISO at 720 City Center Drive, Carmel.

Leases/leasing contracts

July 15, 2014

-CloudBlue, an Ingram Micro company, leased 111,296 square feet at 5345 Decatur Blvd. The tenant was represented by Andrea Hopper and Pete Quinn of Cushman & Wakefield/Summit. The landlord, Westcore Properties, was represented by Michael Weishaar of Cassidy Turley.

-Acuren Inspection Inc. renewed its lease for 30,240 square feet of industrial space at 7515 Company Drive. The tenant was represented by J.D. Graves of CBRE. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.

-Fatheadz subleased 24,042 square feet of industrial space at 510-514 W. Merrill St. The subtenant was represented by Paul Kite of Strongbox Commercial. The sublandlord, The Millcraft Paper Co., was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.

-General Parts Inc. leased 8,800 square feet of industrial space at 7752-7796 Moller Road. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, CrossLake Partners, was represented by Todd Vannatta and Fritz Kauffman of Cassidy Turley.

-Inka’s Restaurant leased 3,200 square feet of restaurant space in Honey Creek Plaza, 5356 W. 38th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Verizon Wireless renewed its lease for 2,750 square feet of space in Cherry Tree Plaza, 9875 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Real Estate Investment Securities Association Inc. leased 2,599 square feet of office space at 10401 N. Meridian St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Meridian Plaza LLC, was represented by Nick Trimpe of Zeller Realty Group.

-Circle City Pizza renewed its lease for 2,269 square feet of retail space in Esquire Plaza, 8245 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Samerian Foundation and Expo Center leased 2,035 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Nick Roth of Sandor. The tenant represented itself.

-Hull & Associates leased 1,523 square feet of office space at 8445 Keystone Crossing. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Northside Realty Partnership LLP, was represented by Kevin Dick and Paul Dick of Colliers International.  

-Pro Nail renewed its lease for 1,500 square feet of retail space in Cherry Tree Plaza, 9717 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-UZOOX leased 1,454 square feet of retail space in Indy Pavilions, 7035 E. 96th St. The tenant was represented by William Wilson of Paragon Realty. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.  

-Fred Loya Insurance leased 1,254 square feet of space in College Park, 3269 W. 86th St. The tenant was represented by Sharon Thompson of KW Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-Tropical Foods N More Inc. leased 1,200 square feet of retail space at Crooked Creek Shoppes, 7940 N Michigan Road. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International. The tenant represented itself.

-Troutman's Barber & Beauty Salon leased 1,037 square feet of retail space at Lafayette Center, 4233 Lafayette Road. The tenant was represented by Lisa Ruscetti of Evolution Development Group LLC. The landlord, Lafayette Center LLC, was represented by Greg Smith and Bill Marsh of Colliers International.

Sales/acquisitions

July 15, 2014

-Perk Hamilton LLC bought 1.81 acres at 141st Street and Olio Road, Noblesville. The buyer was represented by Bill French of Cassidy Turley. The seller, Interstate Co., was represented by Keith Fried of Sitehawk Retail Real Estate.

-Pulte Homes bought 32.84 acres at county roads 650 East and 500 South, Whitestown. The buyer was represented by Bo Leffel of Cassidy Turley. The sellers, Harrison and Jack Eiteljorg, represented themselves.

Herff Jones to close division with 110 local workers

July 14, 2014

Indianapolis-based Herff Jones said the move would result in the permanent closure of a facility at 4719 W. 62nd St., where 110 production, support and administrative employees work.

Seventy-lot subdivision slated for Fort Harrison property

July 14, 2014

The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.

Councilors to IPL: Eliminate coal in county by 2020

July 14, 2014

Two City-County Council members want Indianapolis Power & Light Co. to stop burning coal in Marion County by 2020 and shift more attention to renewable energy.

UPDATE: Indiana surplus tops $2B after spending cuts

July 14, 2014

The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.

Regenstrief taps Deloitte to pick up more health care industry clients

July 14, 2014

With federal health research funding in decline, Indianapolis-based Regenstrief Institute Inc. wants to make up the difference by serving pharmaceutical companies, medical device makers, health insurers and hospital systems.

Indy patients love their doctors

July 14, 2014

Indianapolis ranked fifth highest among the nation’s largest cities for the most positive reviews of physicians. On a five-point Patient Happiness Index, the average review by patients scored Indianapolis physicians at a 4.05. San Francisco physicians topped the list.

People

July 14, 2014

Indianapolis-based Healthx, which provides IT services to health insurers and employers, named Kathy Kinder chief financial officer. She was CFO for software firm Consona Corp., formerly called Made2Manage and now called Aptean. Kinder holds a bachelor’s degree in business with a concentration in accounting from Indiana University.

Dr. Wendy Schulte, a pediatrician, has joined St. Vincent Medical Group in Zionsville. Schulte earned a bachelor’s degree from the University of Wyoming, Laramie, and a medical degree from Indiana University School of Medicine in Indianapolis.

Company news

July 14, 2014

Indianapolis-based EmotEd LLC, recently spun out of the Indiana University School of Medicine, received nearly $200,000 from the National Institutes of Health to develop video games to diagnose and improve emotional health. The company is based on research by EmotEd founder Dawn Newmann, a research professor at the medical school who also works at Rehabilitation Hospital of Indiana. The NIH money, which came via a Phase I Small Business Technology Transfer award, will allow EmotEd to build an initial platform and test it in a clinical setting. EmotEd will continue to seek non-dilutive funding through Phase II STTR mechanisms and through the Department of Defense.

Indianapolis-based Activate Healthcare is expanding its employer health care clinic operations into Wisconsin, according to Modern Healthcare magazine. Activate already manages 20 near- or on-site health clinics, used by 40 employers, in Indiana, Michigan, Ohio and Washington. Activate was created in 2009 by former Steak n Shake CEO Peter Dunn and ex-Harvard Vanguard Medical Associates CEO Debra Geihsler. Its clients include Monroe County government in Bloomington as well as Monarch Beverage Co. and Major Tool Co. in Indianapolis. Activate is one of a handful of Indiana-based clinic operators that have been growing rapidly and expanding into other states.

Indianapolis-based WellPoint Inc. this month started offering 4 million patients the ability to have e-visits with doctors, while Aetna Inc. says it will boost online access to 8 million people next year from 3 million now, according to Bloomberg News. The health insurers are joining companies such as Teladoc Inc., MDLive Inc. and American Well Corp. that offer virtual visits with doctors who, in some states, can prescribe drugs for anything from sinus infections to back pain. In Indiana, legislation passed this year gave the green light to WellPoint and American Well to partner with the American Health Network physician group to conduct a pilot program of the technology.

Biomet Inc. reported preliminary profit for the past 12 months of $36.8 million on sales of $3.22 billion. That's an improvement in profit of $660 million from fiscal 2013’s $623 million loss on consolidated net sales of $3.05 billion, according to the Fort Wayne Journal Gazette. Excluding extraordinary items, the Warsaw-based company earned $420 million for the year ended May 31. Biomet also reported fiscal fourth-quarter profit of $66.7 million on sales of $845 million, a $288 million improvement over the same period a year earlier when the company posted a $221 million loss on sales of $784 million. Zimmer Inc. in April offered to acquire Biomet for $13.35 billion. The Federal Trade Commission is considering implications of allowing the competitors to merge.

Hogsett to resign this month as U.S. attorney

July 14, 2014

Joe Hogsett, 58, has long been the subject of rumored bids for both Indianapolis mayor and U.S. senator. His resignation letter on Monday made no mention of future plans.

Indiana county planning to start aquaculture park

July 14, 2014

A central Indiana county is working on plans for a 60-acre aquaculture park in hopes of attracting more business connected with fish production.

Hogsett to resign this month as U.S. attorney

July 14, 2014

Joe Hogsett, 58, has long been the subject of rumored bids for both Indianapolis mayor and U.S. senator. His resignation letter on Monday made no mention of future plans.

Westfield council will wait to decide on landmark towers

July 14, 2014

Westfield City Council is delaying a decision on a $3 million plan to erect two concrete-and-steel towers at a prominent U.S. 31 intersection.

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