Indiana students to face 2 new tests next 2 years
Major changes in the state's education policies will have Indiana students taking new, different standardized tests in each of the next two academic years, officials said Monday.
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Obama says U.S. should provide paid maternity leave
The president is touting paid maternity in the midst of a midterm election campaign focused on women voters, without describing the details of how he would fund such a system.
Carmel firm acquired by Silicon Valley company
Anacore Inc., which develops software for touch-screen programs, has been acquired by Prysm Inc., a San Jose, Calif.-based company that makes big-screen video walls that use Anacore’s technology.
Fox59 announces newsgathering deal with Indianapolis Star
The Star will team with Fox59 and its sister station WTTV-TV Channel 4 for coverage of "select breaking news, sports, weather, election and investigative stories," the media outlets said in a prepared statement.
Construction
-Capitol Construction has completed a 10,400-square-foot office build-out for Fink, Petrie & Roberts at 9449 Priority Way West Drive.
-Capitol Construction has completed a 3,000-square-foot office build-out for Humana at 7035 E. 96th St.
-Capitol Construction has completed the remodel of an 1,800-square-foot Starbucks at 5943 S. East St.
People
Adam G. Chavers is to join Browning Investments Inc. as senior vice president of development effective July 7.
Rates
The average rate for 30-year mortgages dipped from 4.34 percent to 4.33 percent in the week ended June 19, according to Bankrate.com. The rate for 15-year mortgages rose from 3.43 percent to 3.44 percent.
Leases/leasing contracts
-National Oilwell Varco leased 31,790 square feet of industrial space at 9870 E. 30th St. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, James D. Crawford Trust, was represented by Luke Wessel of Cassidy Turley.
-Progressive Casualty Insurance Co. renewed its lease for 17,444 square feet of office space at 5975 Castle Creek Parkway. The tenant was represented by Tom Osborne and Kimberly Estes Hartman of Colliers International. The landlord, LS REF2 OREO/Castle Creek, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-The Icing On The Cake Event Center LLC leased 4,084 square feet of retail space at Lafayette Center, 4261 Lafayette Road. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar.The landlord, Namdar Realty Group, was represented by Bill Marsh and Greg Smith of Colliers International.
-CTL Global Holdings LLC leased 2,125 square feet of industrial space at 6330 E. 75th St. The landlord, TIAA-CREF, was represented by Todd Vannatta and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Sweet Express Yogurt Shop leased 1,967 square feet at North Willow Mall, 2278 W. 86th St. The landlord, Township 86 Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-A Nail Salon leased 1,800 square feet at Brownsburg Shopping Center, 816 E. Main St., Brownsburg. The landlord, TCP Brownsburg Center LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,460 square feet at Sandstone Commons, 11640 Brooks School Road, Fishers. The landlord, CPM III LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-China Wok Restaurant leased 1,370 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Jerry Zheng of DOC Real Estate Inc. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-9-Round Kickboxing leased 1,272 square feet at 116th Street Centre, 980 E. 116th St., Carmel. The Landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Sales/Acquisitions
-Goodwill Industries of Central Indiana bought 4.96 acres at 3730 Shady Lane, Plainfield. The buyer was represented by Bill French of Cassidy Turley. The seller, Galyan Enterprises Inc., was represented by Steve Daum of Cushman & Wakefield/Summit.
-The American Legion Department of Indiana bought a 6,208-square-foot office building at 5440 Herbert Lord Road. The buyer was represented by Jon Owens of Cassidy Turley. The seller, Indiana Soccer Association Inc., was represented by Kevin Gillihan of JLL.
Why hospitals leave the inner city, in one chart
Since hospitals lose money on just about every patient except those with private insurance, they have been closing inner-city facilities and opening new facilities in the suburbs for the past four decades.
Former allies turn on Pence’s Healthy Indiana Plan
The National Center for Policy Analysis, an ardent supporter of "consumer-driven" health care, issued a blistering analysis of the Healthy Indiana Plan and Gov. Mike Pence’s proposal to expand it using Obamacare funds.
New state incentives to keep quality students lack funding
A plan to keep top-performing students home in Indiana after they graduate from college passed the General Assembly unanimously earlier this year, but it could face trouble as lawmakers decide how to fund it.
People
Herb Buchanan will join Indiana University Health as president of its Methodist and University hospitals on July 7. He will replace Jim Terwilliger, who was asked to leave that position in January. Since 2012, Buchanan has been CEO of Howard University Hospital in Washington, D.C. Before that, he served as chief operating officer for the University of Maryland Medical Center in Baltimore. Buchanan earned his MBA from Northwestern University’s Kellogg Graduate School of Management, as well as graduate and undergraduate degrees in mechanical engineering from the University of Michigan and the Massachusetts Institute of Technology, respectively.
Pearl Pathways, an Indianapolis-based life sciences consulting firm, has hired Heidi Hancock Strunk as a regulatory compliance adviser. Strunk previously led the regulatory and quality team at Hologic Corp.'s Indiana facility, and before that held leadership positions at Roche Diagnostics Corp. and Suros Surgical Systems. Strunk holds a bachelor’s degree from Purdue University.
Justices limit existing EPA global warming rules
The Supreme Court on Monday placed limits on the sole program already in place to deal with power plant and factory emissions of gases blamed for global warming. The decision does not affect EPA proposals for first-time national standards for new and existing power plants.
Company news
More than 100 Indiana firms since January have told federal regulators they plan to offer up ownership stakes or take on debt. That’s approaching a year’s worth of activity in less than six months, based on the state’s performance the past few years. Firms selling equity or debt include numerous health care firms, such as RepuCare, HC1.com, Indigo BioSystems, SonarMed and Wellfount. Indigo CEO Randy Julian boiled his firm’s investment timing down to, “It was time to mash the pedal to the floor and go.” The 47-employee company, which develops software for medical laboratories, secured $8.5 million earlier this month. “I do think if you look around,” Julian said, “the other companies that have raised money have had some component of that story that’s the same.”
Carmel-based Mainstreet has built 14 short-term rehabilitation facilities—usually near hospitals—and has 17 more under construction or in planning stages. That rapid building helped drive the company from $11 million in revenue in 2011 to more than $66 million two years later, making it the fastest-growing private company in the Indianapolis area. “We’re in the right place at the right time. We’ve invested heavily into our systems and our designs and now are really bearing the fruits of a lot of years of labor,” said Mainstreet CEO Zeke Turner. Beginning in 2015, rather than only build facilities that others operate, Mainstreet will begin to operate some facilities that it builds. The first two Mainstreet-operated facilities are scheduled to open in Carmel and Bloomington.
Shares of central Indiana pharmaceutical firm Endocyte Inc. lost 15 percent of their value last week after industry giant Merck & Co. Inc. gave up on developing Endocyte cancer drug vintafolide. On Tuesday evening, West-Lafayette-based Endocyte said it had regained worldwide rights to vintafolide from Merck. The move essentially meant Endocyte lost Merck’s financial backing and sales muscle for the drug. The treatment failed a key study last month, leading to a 62-percent single-day drop in Endocyte's share price on May 2. Endocyte and Merck announced May 19 that they were terminating a clinical trial of the drug, after an analysis showed vintafolide didn’t demonstrate efficacy when treating patients with platinum-resistant ovarian cancer. Endocyte said it will continue to test vintafolide for lung cancer. Shares of Endocyte closed Friday at $6.55 apiece.
Reflections of a recent (HCLA) graduate …
At least once a month for the past year or so, my husband has asked me the same question: “So, are you a leader yet?”
Two contractors accused of wage violations accept plea deals
The Marion County Prosecutor's Office has reached plea agreements in two cases in which a contractor was accused of paying workers less than the required wage on publicly financed projects.
You-review-it Monday: Songbook gala, etc.
Johnny Mathis and Nat King Cole were celebrated, the Jersey Boys took the stage at a theater near you, and the Symphony opened its Prairie season. What did you do over the weekend?