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Novartis deal caps turnaround for Elanco

Next year, after Lilly completes its $5.4 billion acquisition of Novartis Animal Health, Elanco will contribute 17 percent of revenue—or one out of every six dollars flowing into Lilly’s coffers.

PROXY CORNER: Simon Property Group Inc.

Indianapolis-based Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls, outlet centers and community shopping centers.

Hospitals rethinking a la carte pricing

Indianapolis hospitals have begun to offer joint replacement surgeries to employers and insurers using “bundled prices.” That means, instead of billing piecemeal for each individual service and supply, the hospitals wrap everything needed from just before to just after surgery into a package deal.

Hicks: Obama pitches gender pay gap to the gullible

If we separate people into two groups by age, education, gender, race, occupation or almost any other factor, their average wages differ in some way. But this sort of comparison doesn’t tell us much. If we use statistical methods that account for multiple characteristics, wage differences for most factors disappear.

Residential

The average rate for 30-year mortgages rose from 4.43 percent to 4.48 percent in the week ended April 24, according to Bankrate.com. The rate for 15-year mortgages rose from 3.48 percent to 3.54 percent.

NRA seeks universal gun law at national meeting

The nation’s largest gun-rights group, which officially opens its convention of about 70,000 people Friday in Indianapolis, wants Congress to require that concealed weapons permits issued in one state be recognized everywhere, even when the local requirements differ.

Leases/leasing contracts

-Big Lots leased 41,228 square feet at Southtown Center, 4358 S. Scatterfield Road, Anderson. The tenant was represented by Robert Matias and Jake Fiorino of Equity. The landlord, CSN LLC, was represented by Scott Gray of Sitehawk Retail Real Estate.

-DSI NW Indy Renal Center leased 5,600 square feet of industrial space at 6000-6488 Corporate Way. The tenant was represented by Kevin Smith of Avison Young. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.

-Off the Hanger leased 4,961 square feet at Southport Centre, 7259 U.S. 31 South. The landlord, Southport Centre LLC, was represented by Dean Almas and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Indianapolis Concrete Inc. leased 3,652 square feet of industrial space at 5333-5367 W. 86th St. The tenant and landlord, Iron Point Titan Asset Management LLC, were represented by Bryan Poynter of Cassidy Turley.  

-Vocational College of the Arts leased 3,500 square feet of retail space at Sunnyside Village Shoppes, 10830 Pendleton Pike. The tenant and landlord, Sunnyside Realty Investors LLC, were represented by Creighton Shook and Luke Householder of Coldwell Banker Commercial Realty Services.

-Graeter’s Ice Cream leased 1,900 square feet at Fishers Marketplace, State Road 37 and 131st Street, Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Hoosier Que LLC, was represented by Don Feibel with Feibel Realty.  

-Q Nails renewed its lease for 1,760 square feet of retail space at Sunnyside Village Shoppes, 10830 Pendleton Pike. The tenant and landlord, Sunnyside Realty Investors LLC, were represented by Creighton Shook and Luke Householder of Coldwell Banker Commercial Realty Services.

-Passione Pane Corp. leased 1,400 square feet at Sandstone Commons, 11640 Brooks School Road, Fishers. The tenant was represented by Andy Sandler of A.M. Sandler & Associates. The landlord, CPM III LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

Sales/acquisitions

-Carmel Medical Office Building LLC, an affiliate of Multi-Specialty Surgery Center, bought the 23,000-square-foot North Meridian Medical Center at 10601 N. Meridian St., Carmel. The buyer was represented by Ryan Sarbinoff of Marcus + Millichap. The seller, HSA PrimeCare, was represented by Robert Titzer of HSA PrimeCare.

-Circle City Outdoor Management LLC bought an 8,505-square-foot building at 5851 E. 34th St. The buyer was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar Real Estate. The seller, Last Chance Wrecker & Sales Inc., was represented by Chris Black of CBRE.