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People

August 5, 2013

Paula Parker-Sawyers has been named program manager for the Indiana Clinical and Translational Sciences Institute’s community health engagement program. Previously, Parker-Sawyers served as senior director of outreach and partnerships at the National Campaign to Prevent Teen and Unplanned Pregnancy in Washington, D.C. She has also served as the executive director of the Indiana Office of Faith-Based and Community Initiatives under former Indiana Gov. Mitch Daniels. Parker-Sawyers holds a bachelor’s degree in political science and master’s of public administration from Indiana University.

Myron Lewis has been named vice president of neuroscience services at Community Health Network. Since November, he has worked as a health care consultant in Harbor Springs, Mich. Before that, Lewis worked as the administrative director of the Indiana University Health Saxony Hospital in Fishers. Lewis holds a bachelor’s degree in industrial and organizational psychology from Michigan State University, a master’s degree in clinical social work from Western Michigan University and an MBA from Indiana Wesleyan University.

Company news

August 5, 2013

Plunging revenue from blood glucose monitors has forced Roche Diagnostics Corp. to cut its staff, the company informed the workers last week. Roche, which operates its North American headquarters out of Indianapolis, suffered a 14-percent decline in revenue in its diabetes care unit during the first six months of the year. Roche has put that unit up for sale, according to a May report by the Reuters news agency. Roche spokesman Todd Siesky declined to disclose the number of workers that will be let go, only saying that jobs will be eliminated over the next several months. The cuts will affect Roche’s customer service group in Fishers and its diabetes manufacturing plant on the far northeast side. Between the two sites, Roche employs more than 900 diabetes care workers in the metro area. During the first six months of this year, Roche’s North American sales of diabetes products totaled $224 million. During the same period of 2012, diabetes sales in North American totaled about $257 million. And it’s going to get worse. The price of blood glucose monitors—which account for 90 percent of Roche’s diabetes care revenue—will be hammered by a new competitive bidding process instituted July 1 by the federal Medicare agency. Some projections indicated the Medicare program would drive down its payments 72 percent.

Indianapolis venture capitalist Matt Neff is the new CEO of Indianapolis-based AIT Laboratories, the drug-testing lab founded by Michael Evans. Evans stepped aside once before, in early 2012, and was replaced by Ron Thieme, who had been vice president of information technology. But the move didn’t work out, and Evans returned to the top job that fall. Now, Evans, 69, is stepping aside again, and Neff is becoming chairman, president and CEO, effective Monday. (See related story above.) Evans will remain chairman emeritus and continue as CEO of AIT sister company AIT Bioscience. Neff, meanwhile, is stepping down as CEO and president of CHV Capital, the venture capital arm of Indiana University Health, a post he held for six years. IU Health said the CHV Capital board would conduct a search for his replacement. AIT, founded in 1990 by Evans, then an Indiana University School of Medicine professor, caught fire about 10 years ago when it became the nation’s pioneer in urine drug tests to help doctors monitor patients taking narcotics for chronic pain. But AIT has been in turnaround mode after failing to respond quickly to deep cuts in Medicare reimbursement rates for basic drug tests. In 2009, Evans sold the company to employees for $90 million, with payments to him staggered over a number of years.

Community Health Network and Johnson Memorial Health opened the doors to a new health pavilion that will house doctors from both Community Physician Network and Johnson Memorial Physician Network, including specialists in family medicine, pediatrics, orthopedics, women’s health and general surgery. The facility will also offer walk-in lab testing, an imaging center, and physical and occupational therapy. Indianapolis-based Community and Franklin-based Johnson Memorial formed a partnership two years ago.

Roche to cut local jobs after diabetes-care sales plunge

August 5, 2013

Roche’s diabetes care unit, which employs more than 900 in Indianapolis, suffered a 14-percent decline in revenue during the first half of 2013. Roche has reportedly put the unit up for sale.

Ten displaced by apartment fire

August 5, 2013

A Sunday afternoon apartment fire that displaced 10 residents likely was started by a discarded cigarette, authorities say. The blaze at Grand Oaks Apartments, near Interstate 65 and Southport Road on the south side, heavily damaged two large units. No injuries were reported.

 

Suspects elude police after chase

August 5, 2013

Two armed robbery suspects escaped, but one was captured after a car chase Sunday night in Anderson. Three men reportedly robbed Harvest Market at about 6 p.m. and fled in a Ford Focus. Police gave chase until the car crashed near Hartman Road and Broadway Street. Two of the men escaped on foot but the other was taken into custody and is being questioned. Police searched the area for about five hours before calling it quits.

 

Motorcycle accident kills two

August 5, 2013

Two people died early Monday in a motorcycle accident that shut down lanes of Interstate 74 on the southeast side for several hours. A man in his 30s and a woman in her 20s were thrown from the motorcycle while trying to brake to avoid a collision. Police say the bike had been traveling well above the speed limit.

 

Steak n Shake dispute with franchisees reaches to Denver

August 5, 2013

The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.

Indiana senator to push for municipal bankruptcy law

August 5, 2013

A northwestern Indiana lawmaker says he will push a measure next year that would change state law to allow local governments to file for bankruptcy like Detroit did in July.

Online schools face scrutiny over scores, growth

August 5, 2013

Hoosier Academies and Indiana Connections Academy are both sponsored by Ball State University. Neither school came close to the state average for ISTEP+ scores last year.

Angie’s List back on track with IndyCar Series deal

August 5, 2013

If Angie's List decides to make its involvement with the IndyCar Series a major part of its marketing campaign, it could be a big coup for the series and the team the company partners with. Angie's List pours tens of millions of dollars into marketing annually.

New jobs disproportionately low-pay or part-time

August 5, 2013

So far this year, low-paying industries have provided 61 percent of the nation's job growth, even though these industries represent just 39 percent of overall U.S. jobs. And part-time work has made up 77 percent of the job growth.

Online markets help Indiana growers find new customers

August 4, 2013

Online “food hubs” have emerged as small and medium-sized farmers have worked together to find quicker and broader ways to distribute their produce.

You-review-it Monday: Indiana State Fair, Jazz on the Prairie, and more

August 4, 2013

Did you get to the Fair? Take in Indy Jazz Fest's night at Conner Prairie? Explore First Friday options? What did you hear, see or do this weekend?

Already a wreck, the worst is yet to come with Obamacare

August 4, 2013

Obamacare is destined to fail for one key reason: it will make health insurance cost more and buy less.

Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013

Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.

State adds manufacturing jobs for second year in a row

August 3, 2013

Indiana Manufacturers Association President Patrick Kiely says Indiana has added 64,000 manufacturing jobs since the industry bottomed out in June 2009.

Construction

August 3, 2013

Capitol Construction has completed a 7,800-square-foot office build-out for Tucker Hester Baker & Krebs LLC at One Indiana Square, Suite 1600.

Residential

August 3, 2013

The average rate for 30-year mortgages rose from 4.54 percent to 4.59 percent for the week ended July 31, according to Bankrate.com. The rate for 15-year mortgages rose from 3.61 percent to 3.65 percent.

Leases/leasing contracts

August 3, 2013

-Matrix Technologies leased 12,972 square feet at InTech Eleven, 6625 Network Way. The tenant was represented by Darrin Boyd of Cassidy Turley. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Eli Lilly and Co. renewed its lease for 12,200 square feet of space at InTech Eleven, 6625 Network Way. The tenant was represented by Jeff Luebker of CBRE. The landlord, Network Way Properties, was represented by Kevin Gillihan and Jack Hogan of Jones Lang LaSalle.

-Skilled Care of Indiana LLC leased 7,825 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-RPM Machinery LLC leased 5,464 square feet of office space at 8910 Purdue Road. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller Realty Group.

-IRC Music West Store Inc. leased 4,400 square feet at The Center at Shiloh Crossing,10240 E. Highway 36, Plainfield. The tenant was represented by Steven Sengson of Prudential Indiana Realty Group. The landlord, MLMT 2006 LCI Greensburg Crossing LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.

-Salon Lofts Group LLC leased 4,203 square feet of office space at 9769 E. 116th St., Fishers. The tenant was represented by Michael Cranfill and Scott Gray of Sitehawk Retail Real Estate. The landlord, Shamrock Builders, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Theoris Inc. leased 3,655 square feet of office space at 8900 Keystone Crossing. The tenant was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The landlord, Keystone Investors LLC, was represented by Abby Cooper Zito of Jones Lang LaSalle.

-MS-IL Staffing leased 3,368 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Darrin Block of Urban Space Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher.

-Al Basha LLC leased 2,188 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Hamada Ibrahim of RP Lux. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.

-Blatt Hasenmiller Leibsker & Moore LLC leased 2,002 square feet of office space at 8910 Purdue Road. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, Zeller Realty Corp., was represented by Tristan Glover of Zeller Realty Group.

-Tanti Braids leased 1,890 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Darrin Block of Urban Space Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher.

-Yogokiss leased 1,200 square feet at River Ridge Crossing East, 4825 E. 96th St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.    

-C&B Restaurant Group I LLC, doing business as Charlie and Barney's, leased 1,183 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.
 
-Bee Coffee Roasters Inc. leased 786 square feet of space at Pan Am Plaza, 201 S. Capitol Ave. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Pan AM SCE I LLC, was represented by Tom Ott.

-Yats on the Ave LLC leased 778 square feet at The Avenue, 910 W. 10th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Buckingham Cos., was represented by Denise Kouril and Tiffany Oliver of Buckingham.

Sales/acquisitions

August 3, 2013

-4554 Winthrop Partners LLC bought two multi-family buildings consisting of 30 units at 4554 N. Winthrop Ave. and 919 E. 46th St. The buyer was represented by Ivan Barratt of Barratt Asset Management Inc. The seller, Patel HNB Inc., was represented by Bob Lindgren and Scott Herider of Lee & Associates.

-Planet Fitness bought a 26,400-square-foot retail building at 3479 Kentucky Ave. The buyer was represented by Bart Jackson and Scot Courtney of Lee & Associates. The seller, COW LLC, was represented by Ron Mannon of Lee & Associates.

-Nur Halefa and Abdu Berhanu bought an 1,800-square-foot retail building at 1006 W. Morris St. The buyer and seller, Roquil Inc., were represented by Mike Medlock of Lee & Associates.

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