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An anonymous call led Indianapolis police to a dead body in an east-side home late Sunday. Detectives who arrived at the scene in the 2000 block of New York Street about 10:30 p.m. determined the decomposing body had been in the home for quite some time. Police are searching the scene, and an autopsy has been scheduled.
-Passco Cos. bought the 280-unit Autumn Breeze apartments at 14901 Beauty Berry Lane, Noblesville. The seller, Herman & Kittle Properties, was represented by Steve LaMotte and Dane Wilson of CBRE's Indianapolis-Cincinnati Multi-Housing Group. The buyer represented itself.
-Barkefellers bought 4.718 acres of land at 9400 Corporation Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Ridley USA Inc., was represented by Brian Dell and Stephen Daum of Summit Realty Group.
-Olive Garden Restaurant bought 3.5 acres at 10222 N. Michigan Road. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Ed Coverdale, was represented by Scott Langdon of Langdon Real Estate Services.
-Tanti Braids represented itself in leasing 1,890 square feet at Georgetown Plaza, 4825-4959 W. 38th St. Tenant representation information was incorrect in last week's Real Estate Weekly.
–Gary Perel of Newmark Knight Frank Halakar represented landlord Buckingham Cos. in leasing 2,188 square feet at The Avenue to Al Basha LLC. The landlord representation information was incorrect in last week's Real Estate Weekly.
Possessions of convicted former attorney William Conour—including furniture, artwork and a collection of premium wine and champagne—could be sold to help clients Conour defrauded of at least $4.5 million.
Indianapolis-based Eli Lilly and Co., already the promoter of the leading anti-impotence pill Cialis, will now try to speed up development of a drug to treat premature ejaculation. Canada-based TVM Life Sciences Ventures VII, which manages funds supplied by Lilly, invested in Ixchelsis Ltd., a new company created in the United Kingdom to develop the experimental drug, which is called IX-01. The drug was originally discovered at a research facility in the United Kingdom operated by New York-based Pfizer Inc., the company that brought the anti-impotence pill Viagra to market. Lilly’s Chorus unit will oversee development of the drug to determine if its proposed concept of action appears to work. “TVM’s strategic relationship with Lilly enables its project-focused companies, like Ixchelsis, to reach clinical proof of concept efficiently and cost-effectively,” said Darren Carroll, Lilly’s vice president of corporate business development, in a prepared statement. If and when the drug’s proof-of-concept is verified, Lilly will have the option to acquire the drug for further development. Lilly and TVM estimate that as many as 30 percent of men worldwide suffer from premature ejaculation.
Warsaw-based Zimmer Holdings Inc., which lost a February trial against Stryker Corp. over a surgical device, was told to pay more than $228 million—three times the jury award plus other costs—and stop selling certain products. According to Bloomberg News, the increase in the jury award was appropriate because Zimmer intentionally infringed Stryker patents to build its business for pulsed lavage, a technique that removes damaged tissue and cleans bones during joint-replacement surgery, U.S. District Judge Robert Jonker said in an order issued Wednesday. He also ordered Zimmer to stop selling its Pulsavac Plus device. A federal jury in Grand Rapids, Mich., in February sided with Stryker and awarded $70 million in damages. The dispute is over devices that use pulsing liquid, such as water or saline solution, to loosen debris from a surgical site and remove it by suction. The $228 million figure is more than the second-quarter profit for either company. Kalamazoo, Mich.-based Stryker reported $213 million in earnings on sales of $2.2 billion. Zimmer, based in Warsaw, reported $152 million in earnings on $1.2 billion in sales.
Three months after the recall of its Zilver PTX stent to prop open peripheral arteries, Bloomington-based Cook Medical Inc. put the device back on the market around the globe, according to MassDevice.com, an industry trade publication. Cook voluntarily recalled the stents in April after getting reports of one patient death and one injury when the equipment that delivers the stent into patients broke off during surgery. In late May, the U.S. Food and Drug Administration slapped its “deadly” warning on Cook’s recall of its stent, which props open arteries in the legs and arms to prevent serious blood clots. Millenium Research Group has estimated that Cook derives $2,750 from each Zilver stent it sells in the United States. Since it first hit foreign markets in 2009, the Zilver stent has been deployed in more than 30,000 patients, according to data from Cook. The Zilver, which is the first stent covered with an inflammation-reducing drug, was introduced to the U.S. market in December 2012. The Zilver recall did not affect stents that were already placed in patients.
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
Indy Eleven, the city’s new professional soccer franchise, has been on a season ticket sales tear since the International Champions Cup game was announced—and that sales push continues. Team officials now shooting for new goal by Nov. 11.
Heartland Actors Repertory Theatre’s production of Shakespeare’s comedy brought big crowds to White River State Park. What worked and what didn’t?
Dr. Aisha Hashmat, a family medicine physician, has joined Community Physician Network in Anderson. She previously ran a family medicine practice on the south side of Indianapolis. Hashmat received her medical degree from Khyber Medical College at the University of Peshawar in Pakistan.
Dr. Daniel Kim, a neurosurgeon, has joined Community Physician Network, treating patients in Indianapolis and Anderson. Kim, a former attorney at the Indianapolis law firm Ice Miller LLP, received his medical degree from the Indiana Unviersity School of Medicine.
Steven Jones has been promoted to vice president of human resources for the Indiana University Health hospital system. An IU Health veteran for the past decade, Jones most recently served as executive director of talent management and diversity. Jones has a bachelor’s in economics from Wabash College.
Dr. Barbara Sturm, a dermatologist, has joined Franciscan Physician Network. She previously operated an independent practice, Dermatology of Stones Crossing, which was affiliated with Franciscan St. Francis Health. Sturm has a bachelor’s in biochemistry from Purdue University and a medical degree from the Indiana University School of Medicine.
Indiana University wants to reach more students and create a major source of revenue at a time when existing ones are struggling, school officials say.
In May, state inspectors visited the abandoned east-side site and found electronic waste they said could threaten both human and environmental health.
A $126,000 reduction in contributions by United Way of Central Indiana is pushing Indianapolis Legal Aid Society to introduce itself to a wider audience and focus on fundraising.
Kevin Costner at the Indiana State Fair? The Contours at Conner Prairie? What did you hear, see or do on the A&E front this weekend?
Gas produced by a southern Indiana landfill could be captured and used to generate revenue, but Cummins workers who studied the possibilities say local officials shouldn't take the idea to the bank just yet.
The stoplight-plagued U.S. 31 through Kokomo will soon be supplanted by a new bypass nearing completion around the city.
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
Many stories have been unearthed by Indiana media recently, showing a government that often operates more in private than public.
Starting with this post, I’m going to periodically give you a peek at my reading list. I’ll highlight reports and reportage that I have found either helpful or provocative. I hope you do, too.
A man died shortly after being taken into custody by Indianapolis police at about 8 p.m. Thursday near 22nd and Station streets, not far from Martin University. Police say Jeffery B. Lilly, 22, was a suspect in an undercover narcotics operation and took off running when they confronted him. Police used a stun gun on Lilly after a short foot pursuit. He became unresponsive and died shortly after being captured. Officers said the suspect, who has a long criminal history, may have consumed an unknown drug during the incident.
A suspected carjacker was shot to death by Indianapolis police early Friday on the south side. Police say they tracked down suspect Brent Walls, 21, at about 2:30 a.m. in an alley south of Garfield Park after he fired a shot though a car window during a failed carjacking in a driveway in the 2500 block of Shelby Street. Walls, police say, pointed a gun at an officer before being shot.
