Winter storm puts freeze on state government
Indiana Gov. Mike Pence on Sunday closed state government offices Monday, and the General Assembly postponed the start of its 2014 session until Tuesday due to severe weather.
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Mayor raises travel emergency level in Indy to ‘red’
The level makes it illegal for anyone other than emergency personnel to drive except for emergency purposes or if they are seeking shelter. It’s the first time Indianapolis has issued such a warning since the 1978 blizzard.
In lieu of You-review-it Monday: Your favorite cold movies
Of course, the ideal movie for these weather conditions is Disney’s “Frozen.” But since you probably aren’t going to make it to the multiplex, try these at home.
Analysis: ‘Short sessions’ quickly becoming political slogs
Increasingly inside the Statehouse, “short session” no longer a term to be confused with an inconsequential gathering of the state’s lawmakers.
Amazon.com begins collecting sales tax in Indiana
Indiana was one of three states where Amazon began collecting sales taxes Wednesday on purchases made in 2014.
New owner to use old plant for clean coal power
Crawfordsville unloads decommissioned plant for fraction of asking price.
Union vote to keep Boeing plant out of Indiana, other states
Production workers for the aerospace giant voted narrowly to accept benefit cuts in order to assure the plant would be built in the Seattle area.
New St. Vincent CEO will inherit financially solid system
It’s a challenging time to be a hospital CEO, but when Jonathan Nalli takes the helm of St. Vincent Health, he’ll have about as strong a financial hand as anybody to play.
T2 Systems snaps up Canadian software firm
Canada-based Digital Payment Technologies also focuses on parking applications.
People
Dr. Samantha Bouchie, an internist, has joined Community Physician Network in Noblesville. She earned her medical degree at Indiana University School of Medicine.
Dr. Rehan Haque, a pulmonary and critical care physician, has joined Community Physician Network in Indianapolis. He previously worked as an affiliate professor of medicine at the University of Miami Miller School of Medicine in Florida. He earned a medical degree from Aga Khan University School of Medicine in Pakistan.
Dr. Rachel Morton, a pediatric hospitalist, has joined Community Physician Network, practicing at Community North Hospital. She earned a medical degree from the New York Medical College.
Dr. Lauren Rau, a pediatric hospitalist, has joined Community Physician Network, practicing at Community North Hospital. She earned her medical degree at IU School of Medicine.
Dr. Carla Weaver, a pediatric hospitalist, has joined Community Physician Network, practicing at Community Hospital East. She previously worked at St. Vincent Health as a newborn hospitalist for 10 years. She did her medical training at the IU School of Medicine.
Company news
Encore Health Network, a network of health care providers owned by Community Health Network, Indiana University Health and Deaconess Health, has added St. Vincent Health to its fold. The Indianapolis-based network will offer discounted access to St. Vincent doctors and hospitals in the Anderson, Carmel, Fishers, Indianapolis and Kokomo markets. Insurance companies, third-party administrators and employers contract with Encore and its Encircle network products to obtain discounts on medical services.
Indiana University Health and UnitedHealthcare entered the new year without a contract. That would normally mean UnitedHealthcare’s customers would pay higher prices at IU Health’s hospitals and physician offices. But IU Health has decided to still give patients the same "in network" co-pays and deductibles that UnitedHealthcare had negotiated under the expiring contracts, keeping patients’ costs the same until a new deal is reached. IU Health said in a press release it would apply the "in network" discounts only to the patient portions of its bills, not to the portions paid by UnitedHealthcare. The Minnesota-based health insurer first notified its customers on Dec. 2 that its contracts with IU Health could expire at year end. Such contracts typically shave 30 percent or more off the list prices of a hospital system’s services. The contract dispute could affect the roughly 400,000 Hoosiers that have employer-based or individually purchased insurance with UnitedHealthcare. That represents about 12 percent of the Indiana commercial market, according to data from Tennessee-based market research firm HealthLeaders-InterStudy. IU Health operates 20 hospitals and employs nearly 1,500 physicians around Indiana.
The U.S. Supreme Court has temporarily blocked an Obamacare requirement that religiously affiliated employers provide health insurance that includes birth control. The decision gives temporarily relief to Catholic plaintiffs that said Obamacare’s requirement to provide contraception coverage violated their religious freedom. In a related case, Indiana-based Franciscan Alliance and other Catholic organizations won a temporary injunction from a federal judge in Indiana, to allow the Supreme Court challenge to play out before Franciscan would be required to provide contraception coverage to its workers via its health insurance plan. "We simply asked that the government not impose its values and policies on plaintiffs, in direct violation of our religious beliefs," said Kevin Leahy, CEO of Franciscan Alliance, which operates three hospitals in the Indianapolis area. The Affordable Care Act required all health insurers to cover contraception at no cost to its health plan members and required all employers with 50 or more workers to provide health insurance to their workers. Both provisions were set to take effect Jan. 1.
Government might deregulate corn, soybean seeds
The federal government on Friday proposed eliminating restrictions on corn and soybean seeds genetically engineered to resist a common weed killer. The new seeds, developed by Indianapolis-based Dow AgroSciences, would allow farmers to use the weed killer throughout the plants' lives.
Bengals join Packers, Colts with sellout preventing blackouts
All four of the National Football League’s wild-card playoff games will be televised in their host team’s local market after corporate support helped ensure sellouts.
Crux of Medicaid showdown is how to fight poverty
When Gov. Mike Pence tries next month to negotiate a Medicaid expansion deal in a meeting with the Obama administration, it will be a clash of the conservative and liberal approaches to fighting poverty.
Construction
-Larry Dunkerly/Masterpiece Homes has started construction of a 3,500-square-foot periodontia facility for Dr. Daniel Gomes at 8235 Country Village Drive.
-Capitol Construction has completed a 9,800-square-foot remodel and expansion for Burgess and Niple at 251 N. Illinois.
Residential
The average rate for 30-year mortgages rose to 4.69 percent from 4.63 percent in the week ended Jan. 1, according to Bankrate.com. The rate for 15-year mortgages rose to 3.73 percent from 3.70 percent.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
Leases/leasing contracts
-Newegg leased 412,808 square feet at WorldConnect@Ameriplex, Building 1, 6161 Decatur Blvd. The tenant was represented by Mark Writt and Scott Belfer of CBRE. The landlord, Industrial Developments International, was represented by Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group and Doug Armbruster and Jeremy Kraus of IDI.
-Eagle Adjusting Services Inc. leased 12,588 square feet of industrial space at 14701 Cumberland Road, Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Taylored Systems, represented itself.
-R.S. Hughes leased 8,940 square feet of industrial space at 5058-5148 W. 79th St. The tenant was represented by Ken Boyd of Jackson & Cooksey. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.
-National Programming Service LLC leased 8,577 square feet at 7320 E. 86th St. The tenant was represented by Yumi Goodman of Colliers International. The landlord, East 86th Street Partners LLC, represented itself.
-Trophy Technologies LLC leased 8,568 square feet of industrial space at 8857 Bash St. The landlord, Westminster Funds, was represented by Todd Vannatta of Cassidy Turley. The tenant represented itself.
-Anixter Inc. leased 6,000 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Jeffrey Harris of NAI Meridian Real Estate Services. The landlord, GI Partners, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.
-Scotlynn USA Division Inc. leased 4,813 square feet of office space at 8335 Keystone Crossing. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Rio Grande Fresh Mexican Grill leased 4,800 square feet of retail space at Hague Road Center, 20805 Hague Road, Noblesville. The landlord, Harshman & Hays Three LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-In Site Art Consulting Group Inc. leased 3,163 square feet of office space at 6330 E. 75th St. The tenant was represented by Matt Jackson of Jackson Investment Group. The landlord, Henderson Global Investors North America Inc., was represented by Bennett Williams and Todd Vannatta of Cassidy Turley.
-Skywave Technology Partners leased 3,000 square feet at 4000 Georgetown Road Shopping Center. The tenant was represented by Sharon Thompson of KW Commercial and Keller Williams Indy Metro North. The landlord, Stanford Property Management LLC, represented itself.
-Znachko Associates Inc. leased 2,500 square feet of office space at 5875 Castle Creek Parkway. The tenant was represented Mike Napariu of REI Real Estate Services. The landlord, LSREF2 OREO, was represented by Matt Langfeldt of Summitt Realty Group.
-Elite Management Services LLC leased 2,446 square feet in the Stock Yards Bank Building, 136 E. Market St. The landlord, Crown Stock Yards LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
-Gilday & Associates PC leased 2,223 square feet at One Indiana Square. The tenant was represented by Yumi Goodman of Colliers International. The landlord, One Indiana Square Associates LLC, was represented by Ralph Balber of Newmark Knight Frank Halakar.
-Arch Eyebrows leased 1,200 square feet at Speedway Plaza, 6137 Crawfordsville Road. The landlord, Plaza at Speedway LLC, was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Health Spot leased 1,141 square feet at 9778 E. 116th St., Fishers. The tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-OPYS Physician Services LLC leased 875 square feet in the Barrister Building, 155 E. Market St. The landlord, Crown Barrister LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.
Sales/acquisitions
-Seabury Charter LLC bought 1.859 acres at 2295 N. Illinois St. The buyer was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The seller, MMW Corp., was represented by Ross Reller of Colliers International.
-M&D Noblesville LLC bought 2.01 acres of retail land at 16080 Prosperity Drive, Noblesville. The buyer was represented by Tom Osborne of Colliers International. The seller, Marsh Supermarkets Inc., was represented by Jeff Merritt of Colliers International.
-C-K Real Estate Investments bought a third of an acre in the Bridgewater Corporate Park at 4661 Lisborn Drive, Carmel. The site will house a 4,000-square-foot office building for the Crossen Kooi law firm. The buyer was represented by Pat Chandler of ReMax at Keystone Crossing. The seller, John McKenzie, represented himself.
-Insight Consulting bought a 15,395-square-foot building at 7830 Johnson Road. The buyer was represented by Jacqueline Haynes of Cassidy Turley. The seller, QAI, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
Camp Atterbury expansion continues despite cuts
Some $75 million in construction projects are on pace for completion this year at the Indiana National Guard's Camp Atterbury even as it shifts away from preparing thousands of soldiers a year for combat assignments.