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Sales/acquisitions

11711 N. College LLC bought a 74,395-square-foot office building at 11711 N. College Ave., Carmel. The price wasn’t disclosed. The seller, CFS at North College Receivership Estate, was represented by Kim Hartman, Tom Osborne and R.J. Rudolph of Colliers International. The buyer represented itself.

CBHS Inc. bought a 13,396-square-foot building at 5368 Professional Circle. The price wasn’t disclosed. The seller, UFCW Local 700, was represented by Matt Jackson of Ambrose Property Group. The buyer represented itself.

Company news

EMC Precision Machining in Sheridan gave each of its 93 employees a bicycle Friday for exceeding cost-cutting goals. The incentive is part of a larger campaign the company adopted this year to promote both employee and company health and fitness. The bikes are a reward to employees for submitting ideas approved by the company that should result in annual savings of $300,000—double the goal set by EMC. The company spent about $30,000 to purchase the bikes and to throw a cookout to celebrate the occasion. EMC was founded in Ohio in 1925 and opened its Sheridan location in 2009 after purchasing Biddle Precision Components.

A Cicero-based developer has signed a national senior-living company to operate four new developments it plans for Indiana. Mainstreet Property Group LLC said May 30 that it has entered into a joint venture with Des Moines-based Life Care Services for new projects in Wabash, Avon, Westfield and Crawfordsville. Construction has begun on Wabash Health and Wellness Suites, a $15 million nursing and assisted-living property. Earlier in May, Mainstreet filed a prospectus for a new publicly traded company called HealthLease Properties Real Estate Investment Trust, which would be traded on the Toronto Stock Exchange. Mainstreet is seeking to raise $110 million, according to a prospectus. The Mainstreet-LCS project site in Westfield is adjacent to Grand Park, and the site in Avon is at 10307 E. County Road 100 North. Neither of those projects will be part of the new REIT. Earlier this year, Mainstreet received approval from the city of Indianapolis to build a $15.7 million senior health care center at East 16th Street and Arlington Avenue. Overall, the company owns or co-owns at least 13 senior health care centers in Indiana, Illinois and Ohio, and has at least six more under development. It also plans to break ground on up to 12 centers by the end of the year.

The Indiana University National Center of Excellence in Women's Health has been awarded two grants from the Indiana State Department of Health, totaling nearly $400,000, to focus on preventing pregnancies, especially among teens. The money will be used to pay for a traveling bus, which will provide health screenings and education programs in Marion, Clay and Delaware counties. The IU center also hopes to partner with health care providers in other parts of the state where women have poor access to primary health care resources.

People

Mark Morrell recently joined Krieg DeVault LLP’s health care practice in Indianapolis. He will concentrate his practice on mergers and acquisitions, managed care negotiations, finance and other corporate legal matters. Morrell was previously an attorney at Hancock Daniel Johnson & Nagle PC in Virginia. An Indianpaolis native, Morrell received a bachelor’s degree from Ball State University and did his legal training at Regent University School of Law.

State Rep. Cynthia Kirchhofer, R-Beech Grove, has been appointed risk analyst at Franciscan St. Francis Health. She will manage medical claims and cases, and oversee a program to reduce threats to hospital assets and resources. Kirchhofer joined Franciscan in 2004 after working for several law firms. She holds a paralegal certificate from IUPUI.

Douglas M. Gioe, corporate compliance and privacy officer for Franciscan St. Francis Health, will retire from his position June 20. Before coming to Franciscan St. Francis, Gioe was risk manager and quality assurance coordinator for the former Central State Hospital in Indianapolis.

Son: Family didn’t know fugitive was alive

The son of an Indiana fugitive who died after a confrontation with police officers in Oregon last week said he had no idea what happened to his father when he disappeared 12 years ago. Oregon authorities said 62-year-old Phillip Ferguson died from a gunshot wound to the head soon after officers spotted him in a remote area near Burns, Ore. Prosecutors charged Ferguson in 2000 with bilking investors in his Marion financial firm out of $30 million. Brian Ferguson of Anderson said his father “just vanished” in 2000 without any goodbyes.

Three shot in east-side drive-by

Indianapolis police are investigating a drive-by shooting Sunday on the city’s east side that left three people with gunshot wounds. The victims were found in the 3700 block of Breen Drive, near 38th Street and Post Road, about 9:45 p.m. The victims were transported to the hospital and are expected to survive. Witnesses say they saw a black or blue SUV or minivan drive away from the crime scene.

Councilor arrested at burglary scene

A City-County councilor was arrested Sunday after Indianapolis police said he interfered with a burglary investigation. Joseph Simpson, 61, a first-term Democrat who represents District 9, was preliminarily charged with resisting law enforcement, interfering with law enforcement, and disorderly conduct. The incident happened in the 4500 block of Guilford Avenue at about 6 p.m. Police said Simpson approached officers as they tried to secure a crime scene. The officers said they asked Simpson multiple times to leave, but he refused and eventually became belligerent.

EnerDel hires first post-bankruptcy chief executive

David Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.

Technical engineering firm bought for $12 million

Indianapolis-based Productive Resources LLC, a privately held technical engineering firm, has been acquired for $12 million by Waltham, Mass.-based Lionbridge Technologies Inc., the companies announced Monday.

You-review-it Monday

What did you do on this relatively quiet weekend on the A&E front?

Proposal calls for city planners to consider non-drivers

Planners designing roads would formally be required to look beyond the needs of motorists and pedestrians—to also consider bicyclists and public transportation users—under an ordinance to be considered Monday night by the City-County Council.

Indiana panel moves toward audit of $500M in mistakes

Indiana's state budget leaders on Monday are expected to take another step toward finding what caused more than $500 million in tax-revenue accounting errors, but a final answer is still a long way off.

WellPoint buying 1-800 Contacts for about $900M

The Indianapolis-based health insurer said 1-800 Contacts is attractive partly because it has bigger profit margins than its core insurance business, The Wall Street Journal reported.

Local company part of $470 million paper mill deal

Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.

Musician’s murderer gets 65 years

A man convicted of murdering an Indianapolis musician was sentenced Thursday to 65 years in prison. Allen Parker, 25, strangled John Butsch in April 2011 while Butsch, 59, slept in his Woodruff Place home. Detectives think Parker killed Butsch in revenge for being evicted.